Document:

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                                                                    Exhibit 10.3

                                                                  EXECUTION COPY

                               GUARANTY AGREEMENT

     GUARANTY AGREEMENT (this "Agreement") between LIBBEY INC. ("Guarantor"), a
Delaware corporation, and VITRO, S.A. DE C.V., a Mexican corporation (referred
to herein as "Vitro" or "Guaranteed Party"), effective as of June 16, 2006 (the
"Effective Date").

                             PRELIMINARY STATEMENTS

          As of April 2, 2006, certain affiliates of Guarantor and Vitro have
entered into the Purchase Agreement, as amended on or prior to the date hereof
(the "Purchase Agreement") among Vitro, Crisa Corporation, Crisa Libbey S.A. de
C.V., Vitrocrisa Holding, S. de R.L. de C.V., Vitrocrisa S. de R.L. de C.V.,
Vitrocrisa Comercial, S. de R.L. de C.V., Crisa Industrial, L.L.C., Libbey
Mexico, S. de R.L. de C.V., Libbey Europe B.V., and LGA3 Corp..

          In connection with the consummation of the transactions contemplated
by the Purchase Agreement, as of the date hereof Vitro has executed and
delivered that certain Corporate Guaranty in favor of Fondo Stiva, S.A. de C.V.
("Stiva"), a copy of which is attached hereto as Exhibit A (the "Vitro/Stiva
Guaranty"), pursuant to which it has guaranteed certain obligations of
Vitrocrisa, S. de R.L. de C.V., and any subsidiary or affiliate hereof (and the
successors and assigns of the foregoing) (collectively, "Vitrocrisa") as
specified therein.

          As a material inducement to Vitro to consummate the transactions
contemplated by the Purchase Agreement and to deliver the Vitro/Stiva Guaranty,
Guarantor has agreed to enter into this Agreement.

          NOW, THEREFORE, in consideration of the foregoing premises, Guarantor
hereby agrees as follows:

          1. Guaranty. (a) Subject to the provisions of Section 1(b) and (c),
Guarantor hereby irrevocably guarantees to Vitro the due and punctual
performance, including payment, by Vitrocrisa, of all of the obligations and
covenants guaranteed by Vitro pursuant to the terms of the Vitro/Stiva Guaranty
(collectively such obligations and covenants, as may from time to time be
amended, altered or modified, are hereinafter referred to as the "Performance
Obligations", and such guarantee to Vitro of the Performance Obligations is
hereinafter referred to as the "Guaranty"). The Guaranty may be satisfied by
Guarantor performing, or by Guarantor causing the Performance Obligations to be
performed. Guarantor shall forthwith, upon the request of the Guaranteed Party,
pay such additional amounts as may be necessary to reimburse the Guaranteed
Party for all reasonable costs and expenses (including, without limitation,
reasonable legal fees) incurred to enforce this Agreement as a result of any
failure or

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inability of Guarantor to duly and punctually perform its obligations under this
Agreement.

          (b) Notwithstanding any provision to the contrary contained in this
Agreement, (i) Guarantor shall not be obligated to perform the Guaranty until 10
(ten) Business Days after the date Guarantor has received written notice from
the Guaranteed Party of a failure by Vitrocrisa to perform any of its
Performance Obligations; and (ii) except for defenses arising from the
proceedings described in Section 2(vi), Guarantor shall have the right to assert
any setoff, claim, counterclaim or other defense otherwise available to
Vitrocrisa with respect to the Performance Obligations, provided that Guarantor
must immediately pay all amounts and obligations that are not subject to a
setoff, claim, counterclaim or other defense.

          (c) The foregoing limitations shall not imply any specification of
which Performance Obligations are guaranteed, and the Guaranteed Party may
request from the Guarantor the payment or performance of any Performance
Obligations. The Guaranteed Party may apply all payments received for
application to the Performance Obligations in the order determined by the
Guaranteed Party.

          2. Guaranty Absolute. Except as provided in Section 1(b) and (c), the
obligations of Guarantor under the Guaranty (a) shall not be subject to any
reduction, limitation, impairment or termination for any reason other than by
reason and only to the extent of the payment or performance of the Performance
Obligations (including any waiver, release, surrender, alteration or
compromise); (b) shall not be subject to recoupment or termination; and (c)
shall be absolute and unconditional irrespective of:

          (i) any waiver, modification, extension or renewal or assignment of
all or any of the Vitro/Stiva Guaranty and the Performance Obligations (except
in the circumstances and to the extent described in Section 7);

          (ii) the failure of the Guaranteed Party or of Vitrocrisa or of any
other person to assert any claim or demand or to enforce any right or remedy or
to mitigate damages;

          (iii) the furnishing or acceptance of any collateral or credit support
or the release of any collateral or credit support held by the Guaranteed Party
or any other person for all or any of the Performance Obligations;

          (iv) any default, failure or delay, willful or otherwise, in the
performance of the Performance Obligations by Vitrocrisa;

          (v) any sale, transfer or other disposition, directly or indirectly,
by Guarantor of any interest in Vitrocrisa;

          (vi) any insolvency, bankruptcy, reorganization, arrangement,
composition, liquidation, dissolution or similar proceeding with respect to
Vitrocrisa (and

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therefore the Performance Obligations shall include post petition interest and
other obligations with respect to the Performance Obligations that would accrue
but for such proceedings); or

          (vii) any other circumstance that might otherwise constitute a defense
available to, or a discharge of, Guarantor in respect of the Guaranty as a
matter of law or equity in each case, other than the payment or performance of
the Performance Obligations.

          3. Guarantor's Waiver, Remedies; Subrogation. Except as provided in
Section 1(b), Guarantor hereby waives (i) notice of acceptance of this
Agreement; (ii) promptness, diligence, presentment and demand for performance;
(iii) protest and notice of dishonor or of default; (iv) any right, defense or
other benefit it may have with respect to this Agreement (including, without
limitation, any right to terminate, or to assert any defense to its performance
of its obligations under this Agreement) arising under any bankruptcy code; and
(v) any other circumstance which might otherwise constitute a defense available
to it (other than a defense of performance) or a discharge of it other than as
set forth in Section 2(c)(vi) above. No failure on the part of the Guaranteed
Party to exercise, and no delay in exercising, any rights hereunder shall
operate as a waiver thereof, nor shall any such delay or any single or partial
exercise of any other right. The remedies herein provided are cumulative and not
exclusive of any remedies provided by law. The Guaranteed Party may assert a
claim against or seek reimbursement for payments it makes with respect to its
obligations under the Vitro/Stiva Agreement either from Vitrocrisa as provided
by the Vitro/Stiva Agreement or the Guarantor as provided by this Agreement, but
in no event shall the Guaranteed Party be entitled to reimbursement in excess of
(a) payments made by it to Stiva in satisfaction of its obligations under the
Vitro/Stiva Agreement, plus (b) such additional amounts as may be necessary to
reimburse the Guaranteed Party for all reasonable costs and expenses (including,
without limitation, reasonable legal fees) incurred to enforce this Agreement as
a result of any failure or inability of Guarantor to duly and punctually perform
its obligations under this Agreement.

          If Guarantor makes a payment of any amount to Stiva as a consequence
of this Agreement, Guarantor will subrogate to Guaranteed Party in the recovery
rights against Vitrocrisa, pursuant to applicable legal terms. Guarantor shall
enforce or be entitled to enforce any reimbursement from Vitrocrisa in respect
of payments made by Guarantor hereunder. Nothing in this paragraph shall
restrict the right of Guarantor to ask for and receive from Vitrocrisa
distributions or other voluntary payments from Vitrocrisa.

          4. Continuing Guaranty. The Guaranty is a present and continuing
guarantee of payment and performance and not of collection and, subject to the
terms and conditions set forth herein, is not conditional or contingent upon any
attempt to collect or obtain performance form Vitrocrisa. Guarantor waives any
right, as a condition to the enforcement of the Guaranty or the reimbursement
and indemnity obligations set forth herein, that any action or other proceeding
be brought against Vitrocrisa or any other

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person, that resort be made to any collateral or credit support held for
performance of the Performance Obligations or that any other remedy be exercised
against Vitrocrisa or any other person.

          5. Representations and Warranties. Guarantor represents and warrants
to the Guaranteed Party that as of the Effective Date:

          (a) Guarantor is a corporation validly existing and in good standing
under the laws of the State of Delaware. Guarantor has the corporate power and
authority to own its property and assets, carry on its business as it is now
conducted and to enter into and perform its obligations under this Agreement.

          (b) This Agreement has been duly authorized by all necessary corporate
action on the part of Guarantor and has been duly executed and delivered by
Guarantor, and the execution delivery and performance of this Agreement by
Guarantor do not and will not (i) require any approval of the stockholders of
Guarantor or any approval or consent of any trustee or holder of any
indebtedness or obligation of Guarantor, (ii) contravene any applicable law,
regulation, judgment, or order applicable to or binding on Guarantor or any of
its properties or assets, (iii) contravene Guarantor's charter or bylaws or (iv)
conflict with or, with or without notice or lapse of time of both, cause a
material breach or default under any indenture, mortgage, loan agreement, lease
or other agreement or instrument to which Guarantor is a party or by which
Guarantor or any of its properties or assets is bound.

          (c) This Agreement constitutes a legal, valid and binding obligation
of Guarantor, enforceable against Guarantor in accordance with the terms hereof,
except as enforceability may be limited by bankruptcy, insolvency,
reorganization, moratorium and other similar laws affecting the enforcement of
creditor's rights generally and by general principles of equity.

          (d) There is no action, suit or proceeding pending or, to the
knowledge of Guarantor, threatened against Guarantor before or by any Federal,
state, municipal, foreign or other governmental authority, agency,
instrumentality, arbitrator or court that, if determined adversely to Guarantor,
would materially adversely affect the ability of Guarantor to perform its
obligations under this Agreement.

          6. Rights and Powers. The Guaranteed Party may proceed, either in its
own name or otherwise, to protect and enforce any or all of its respective
rights under this Agreement in equity, at law or by other appropriate
proceedings, including for the specific performance of any covenants or
agreements contained in this Agreement, and shall be entitled to require and
enforce the performance of all acts and obligations required to be performed
hereunder by Guarantor.

          7. Successors and Assigns. This Agreement shall be binding upon the
successors and assigns of Guarantor and shall inure to the benefit of the
successors and assigns of the Guaranteed Party.

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          8. Term. Subject to Section 9 hereof, Guarantor's obligations under
this Agreement shall continue in full force and effect until the earlier of the
date on which (i) all of the Performance Obligations have been performed in full
or (ii) Vitro's obligations with respect to Vitrocrisa, under the Vitro/Stiva
Guaranty, are fully and unconditionally released; provided that such termination
shall not release Guarantor from the obligation to pay to the Guaranteed Party
any amounts which relate to (i) the Performance Obligations that have accrued
with respect to the period up to and including the date of termination of this
Agreement and (ii) claims pending as of the date of termination of this
Agreement that were previously asserted in accordance with Section 1.

          9. Reinstatement. Guarantor agrees that this Agreement shall continue
to be effective or be reinstated, as the case may be, if at any time payment, or
any part thereof, of any Performance Obligation is rescinded or must otherwise
be restored by the Guaranteed Party or any other person upon the insolvency,
bankruptcy, dissolution, liquidation or reorganization of Vitrocrisa or
otherwise. Guarantor shall not commence, or join in the commencement of, any
case under the Bankruptcy Code against Vitrocrisa.

          10. Notices. All notices, requests, claims, demands and other
communications hereunder shall be in writing and shall be given or made (and
shall be deemed to have been duly given or made upon receipt) by delivery in
person, by an internationally recognized overnight courier service, by facsimile
or registered or certified mail (postage prepaid, return receipt requested) to
the respective party at the following addresses (or at such other address for a
party as shall be specified in a notice given in accordance with this Section
10):

          (a)  If to Vitro:

          Av. Ricardo Margain Zozaya #440
          Col. Valle del Campestre
          San Pedro Garza Garcia, Nuevo Leon, 66265
          Mexico
          Attn: Director Juridico
          Telephone No.: (5281) 8863-1200
          Facsimile No.: (5281) 8863-1372

          (b)  If to Guarantor:

          Libbey Inc.
          300 Madison Avenue
          Toledo, Ohio 43604
          Attn: Richard I. Reynolds
          Telephone No.: (419) 325-2100
          Facsimile No.: (419) 325-2585

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          SECTION 11. Severability. If any term or other provision of this
Agreement is invalid, illegal or incapable of being enforced by any law or
public policy, all other terms and provisions of this Agreement shall
nevertheless remain in full force and effect. Upon such determination that any
term or other provision is invalid, illegal or incapable of being enforced, the
parties shall negotiate in good faith to modify this Agreement so as to effect
the original intent of the parties as closely as possible in an acceptable
manner.

          SECTION 12. Assignment. This Agreement may not be assigned by
operation of law or otherwise without the express written consent of Vitro and
Guarantor (which consent may not be unreasonably withheld), as the case may be.

          SECTION 13. Amendments. This Agreement may not be amended or modified
except (a) by an instrument in writing signed by, or on behalf of, Vitro and
Guarantor or (b) by a waiver in accordance with Section 14.

          SECTION 14. Waiver. Either Vitro or Guarantor may (a) extend the time
for the performance of any of the obligations or other acts of the other party,
(b) waive any inaccuracies in the representations and warranties of the other
party contained herein or in any document delivered by the other party pursuant
hereto or (c) waive compliance with any of the agreements of the other party or
conditions to such party's obligations contained herein. Any such extension or
waiver shall be valid only if set forth in an instrument in writing signed by
the party to be bound thereby. Any waiver of any term or condition shall not be
construed as a waiver of any subsequent breach or a subsequent waiver of the
same term or condition, or a waiver of any other term or condition of this
Agreement. The failure of either Vitro or Guarantor to assert any of their
rights hereunder shall not constitute a waiver of any of such rights.

          SECTION 15. Governing Law. This Agreement, and any disputes arising
hereunder, shall be governed by, and construed in accordance with, the
applicable laws in the State of New York. All actions arising out of or relating
to this Agreement shall be heard and determined exclusively in any state or
federal court located in the city of New York, New York. Consistent with the
preceding sentence, the parties hereby (a) submit to the exclusive jurisdiction
of any federal or state court sitting in the city of New York, New York for the
purpose of any action arising out of or relating to this Agreement brought by
any party and (b) irrevocably waive, and agree not to assert by way of motion,
defense, or otherwise, in any such action, any claim that it is not subject
personally to the jurisdiction of the above-named courts, that its property is
exempt or immune from attachment or execution, that the action is brought in an
inconvenient forum, that the venue of the action is improper, that any other
forum would be more convenient or less burdensome, or that this Agreement or the
transactions contemplated herein may not be enforced in or by any of the
above-named courts.

          SECTION 16. Counterparts. This Agreement may be executed and delivered
(including by facsimile transmission) in one or more counterparts, and by the
different parties in separate counterparts, each of which when executed shall be
deemed

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to be an original, but all of which taken together shall constitute one and the
same agreement.

          SECTION 17. Entire Agreement. This Agreement and the Purchase
Agreement contain the final, complete and exclusive statement of the agreement
between the parties with respect to the subject matter hereof and all prior or
contemporaneous agreements with respect to the subject matter hereof are
superseded hereby.

                            (Signature page follows)

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          IN WITNESS WHEREOF, the parties hereto have duly executed this
Agreement as of the date first written above.

                                        LIBBEY INC.

                                        By
                                           -------------------------------------
                                        Name:
                                              ----------------------------------
                                        Title:
                                               ---------------------------------

                                        VITRO, S.A. DE C.V.

                                        By
                                           -------------------------------------
                                        Name:
                                              ----------------------------------
                                        Title:
                                               ---------------------------------

                  [Signature page to Stiva Guaranty Agreement]exv10w1

 

Exhibit 10.1

eFunds Corporation

Transition Agreement

TRANSITION AGREEMENT by and between eFunds Corporation, a Delaware corporation (collectively with
any successor entity, the “Company”), and Larence Park (“Executive”) dated as of May 19, 2006.

     WHEREAS, Executive is currently a senior executive officer of the Company, serving as the
President of its Prepaid Solutions business (the “Business”);

     WHEREAS, Executive desires to pursue alternative business opportunities that have become
available to him;

     WHEREAS, the Company has determined that it is in the best interests of the Company and its
stockholders to ensure that the Company will have Executive’s full support of and participation in
the transition of the Executive leadership of the Company in connection with the planned departure
of Executive;

     WHEREAS, the Company and Executive mutually desire that Executive continue to support the
significant commercial transactions being pursued by the Business during such transition;

     WHEREAS, the Company has therefore determined to provide Executive with assurances regarding
the benefits to be received by Executive during this transition period and following the expected
departure of the Executive from employment with the Company; and

     WHEREAS, Executive has agreed to support the commercial initiatives of the Business during the
transition period and to refrain from competing with the Company or soliciting its employees
following his departure.

     NOW, THEREFORE, the parties hereto hereby agree as follows:

I. Payments.

   (a) Subject to the terms and conditions set forth in this Agreement, the Company agrees to
employ Executive as its Transition Assistance Executive from the date of this Agreement until June
30, 2006 (the “Separation Date”) and the Executive agrees to serve in such capacity during such
time. The Company shall not reduce the base salary (the “Base Salary”) of Executive from its
current level ($23,750 per month) during the period (the “Transition Period”) preceding the
Separation Date and shall continue to pay such amount to the Executive during this Period in
accordance with past practice. Subject to the provisions of Section 2, in the event the Company
should terminate the further employment of Executive without “Cause” (as hereinafter defined) prior
to the Separation Date, the Company shall nevertheless continue to pay Executive the Base Salary
throughout the Transition Period and Executive shall remain entitled to receive the payments and
benefits referenced in subsections 1(b) and (c). If the Company should terminate the employment of
Executive prior to the Separation Date for Cause, the Company shall have no further payment
obligations hereunder from and after the date of any such termination so long as the Company has
paid the Base Salary through such date of termination. As used herein, “Cause” shall mean a
continuing material failure by Executive to substantially comply with the requirements of Section
2(a) for five or more days following his receipt of written demand for compliance from the Company
which specifies in reasonable detail the circumstances demonstrating Executive’s failure to so
comply.

   (b) The parties hereby agree that further employment of Executive by the Company (or any of
its subsidiaries) shall be terminated by mutual agreement of the parties at the close of business
on the Separation Date. Subject to the further terms and conditions of this Agreement, if
Executive remains employed by the Company through the Separation Date, or if the Company terminates
the further

 

 

employment of Executive prior to the Separation Date without Cause (each such scenario being
hereinafter referred to as a “Qualifying Termination”), Executive shall be paid monthly at a rate
equal to the Base Salary, during the one year period (the “Extension Period”) commencing July 1,
2006. Such amount shall be paid in accordance with the Company’s regular payroll practices, except
that payments shall not be owing hereunder until such time as Executive shall have executed the
Release attached as Exhibit A and the seven day rescission period (the “Rescission Period”)
referenced in Section 1(c) thereof shall have expired without Executive having sent a notice of
revocation or rescission to the Company, at which point any accrued amounts which are then payable
hereunder shall be paid to Executive.

     (c) During the remaining term of Executive’s employment with the Company prior to the
Separation Date, he shall continue to receive his car allowance but he shall not otherwise be
entitled to continue to receive other perquisites afforded the other executive officers of the
Company. Executive hereby waives any entitlement he may have to payment for any accrued PTO as of
his final day of employment.

	II.	 	Conditions.

	 	(a)	 	The Company’s obligations under Section 1 and Section 3(c) are subject to the
following conditions:

	 	(i)	 	Executive must deliver to the Company prior to or
concurrently with the occurrence of the Separation Date, all physical and
electronic copies of any Company documents and records in the possession of
Executive. Executive may not retain any copies thereof. This Section 2(a)(i)
shall not apply to Executive’s copies of contracts and agreements between
Executive and the Company which relate specifically to the terms and
conditions of Executive’s employment by the Company.
	 
	 	(ii)	 	Executive must supply the Company and its affiliates with a
reasonable level of transition support during the Transition Period to the
extent reasonably requested by the CEO. Such support shall relate generally
to the integration of the Business with the other activities of the Company
and the pursuit of significant commercial transactions by the Business. Under
no circumstances may the required level of support exceed 40 hours per week.
Any such services may be provided on a remote or telecommuting basis shall not
be required on weekends or holidays;
	 
	 	(iii)	 	Executive must not disparage the Company or its affiliates
or their management during the period commencing on the date of this agreement
and ending upon the expiration of the Extension Period; provided,
however, that this clause 2(a)(iii) shall not apply to any testimony
or statement given by Executive in connection with (A) any proceeding or
matter of the type referenced in clause 2(a)(v) below or (B) any proceeding,
negotiation or dispute concerning that certain Agreement and Plan of Merger,
dated as of June 9, 2005 and amended as of June 30, 2005 (the “Merger
Agreement”), by and among the Company, WildCard Systems, Inc (“WildCard”),
Executive (as shareholder Representative) and certain others in order that
Executive may at all times give truthful and candid accounts of his
impressions and recollections without restriction under this Agreement.
	 
	 	(iv)	 	Executive must execute the Release attached as Exhibit A and
deliver the same to the offices of the Company (8501 N. Scottsdale Road, Suite
300, Scottsdale, AZ 85253, attn: General Counsel) during the 21 day
period following the Separation Date and must not rescind the same during the
Rescission Period referenced in Section 1(c) thereof; and

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	 	(v)	 	Executive must (upon reasonable notice and mutually
convenient scheduling) cooperate with the Company and its counsel with regard
to any past, present or future legal, regulatory, investigatory (including any
inquiries or investigations by management of the Company or its Board of
Directors (or a committee thereof)) or other proceeding or matter which
relates to or arises out of matters occurring during Executive’s employment or
the termination thereof. This duty of reasonable cooperation shall not extend
to proceedings, negotiations or disputes relating to the Merger Agreement.

     (b) The Company shall not have any continuing payment obligations under Section 1 or Section 3
(other than the payment of the Base Salary and benefits through the date of termination of his
employment) if (i) Executive’s employment with the Company is terminated prior to the Separation
Date for Cause or (ii) Executive resigns from employment with the Company prior to the Separation
Date. Similarly, the Company shall not have any continuing payment obligations under Section 1 in
the event of the death or disability of Executive during the Transition Period or the Extension
Period.

III. Fringe Benefits.

     (a) Subject to Section 1(c), any and all benefits or other forms of compensation to Executive
(such as the disposition of, the balance of Executive’s account under the Company’s Employee Stock
Purchase, Deferred Compensation and 401(k) plans) shall be governed by the rules applicable to such
plans and programs, as the same are in effect during the Transition Period and on the Separation
Date; provided, however, that the payments and insurance coverage set forth in this
Agreement are Executive’s sole entitlement to payments and insurance coverage following the
termination of his services to the Company and Executive shall not also be entitled to receive
payment under the Company’s standard severance programs. All of the options (150,000 shares @
$17.95 per share and 25,000 shares @ $23.02 per share) and restricted stock unit awards (37,500
units) issued to Executive under the Company’s Stock Incentive Plan will terminate on the
Separation Date.

     (b) Executive shall be deemed to have ceased to serve as an active employee for purposes of
the Company’s Health Care Plans, 401(k) plan, Dental Benefits Plan, long and short-term disability,
life insurance, stock purchase Health Care Plan, Dental Benefit Plan and other health and welfare
plans as of the Separation Date. The Separation Date shall be deemed to constitute the date of
Executive’s “Qualifying Event” for COBRA purposes.

     (c) For up to eighteen (18) months following the Separation Date, the Company shall reimburse
Executive for any additional premiums incurred by Executive in obtaining continuing COBRA coverage
for Executive and Executive’s family under such of the Company’s health and welfare plans as are
subject to COBRA requirements as of the Separation Date. Such reimbursements shall be grossed-up
by the amount of income taxes payable to Executive thereon, with the intention being that, during
available COBRA period, the cost to Executive of such COBRA coverage should approximate the
coverage costs Executive incurred as an active employee. Executive shall cease to be eligible to
contribute to the Company’s Employee Stock Purchase and 401(k) plans as of the Separation Date.

IV. Non-Competition.

     (a) As an essential inducement to the Company to enter into this Agreement, and as
consideration for the promises of the Company contained herein, Executive agrees that during the
Transition Period and the Extension Period, he will not:

	 	(i)	 	Control or own (directly or indirectly) more than two percent
of the outstanding capital stock of or other equity interest in any
“Competitor;” or
	 
	 	(ii)	 	Serve as an officer, member, director, contractor, agent,
consultant, advisor or employee of or to any Competitor wherever located.

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	 	(iii)	 	As used herein, “Competitor” shall mean any entity for which
a substantial portion of its business consists of (i) processing debit,
prepaid, ATM, ACH or EBT transactions or providing software that allows others
to process such transactions, (ii) providing data-based risk management
products and services, (iii) managing networks of ATMs or (iv) providing
business process outsourcing services (such as IT consulting, call centers or
accounts receivable or payable processing). Without limiting the generality
of the foregoing, “Competitors” shall include Equifax, Experian, TransUnion,
First Data Corporation (including Primary Payment Systems and STAR),
M&I/Metavante, EDS, Certegy, FiServ, VISA, MasterCard, Transaction System
Architects and Total System Services (and any of their respective subsidiaries
which engage in any of the foregoing activities as a substantial portion of
their business).

     (b) Executive agrees that during the Transition Period and the Extension Period Executive will
not participate in any way in the solicitation for employment or hiring by Executive or by a third
party of any person who is then employed by the Company or any of its subsidiaries or who was so
employed within 90 days of the date of any such solicitation.

     (c) Executive agrees that a breach by him of any of the terms of this Section 4 will cause
great and irreparable injury and damage to the Company and that the Company shall have a right to
equitable relief, including, but not limited to, a temporary restraining order, preliminary
injunction, permanent injunction and/or order of specific performance, as a remedy to enforce this
Section 4 or prevent a threatened or potential breach of this Section 4 by Executive. In addition,
the Company will be immediately relieved of any further payment obligations under Section 1 if
Executive should breach this Section 4.

V. Indemnification.

     If required, the Company shall indemnify and advance the expenses of defense to Executive to
the fullest extent permitted or authorized by its certificate of incorporation or bylaws as in
effect on the date of this Agreement, or if greater, to the fullest extent permitted or authorized
by applicable law. The Company shall also reimburse Executive for any reasonable costs and
expenses (including, without limitation, legal and other professional fees, costs and expenses) he
incurs in connection with fulfilling his commitment under Section 2(a)(v).

VI. Miscellaneous.

     (a) Executive may not assign or delegate any of Executive’s rights or obligations in respect
of this Agreement and any attempted assignment or delegation shall be void and of no effect. This
Agreement is binding upon and enforceable by the Company and its successors and assigns. This
Agreement (but not the Release), including the Company’s payment obligations hereunder, will
terminate upon the death of Executive. This Agreement is governed by the substantive laws of the
State of Delaware, without regard to its conflicts of law rules.

     (b) This Agreement is intended to supercede and replace any other prior severance agreements
or arrangements between the parties, including that certain Executive Transition Assistance
Agreement, dated June 8, 2005, and that certain Change In Control Agreement of even date therewith
(the “Change in Control Agreement”), which agreements and arrangements (including all amendments
thereto) will, as of the execution of this Agreement by Executive and the Company, be null and void
and of no further force and effect. This Agreement shall not, however, supercede or replace the
provisions of any prior agreement requiring Executive to maintain the confidentiality of the
Company’s confidential or proprietary information (or that of any of its subsidiaries), which
provisions shall remain in full force and effect.

     (c) The failure of a party to insist upon strict compliance with any of the terms, conditions
or covenants expressed in this Agreement shall not be deemed a waiver of such term, condition or
covenant,

4

 

or any other term, condition or covenant, nor shall any waiver or relinquishment of any right or
power under this Agreement on one or more times be deemed a waiver or relinquishment of such right
or power or any other right or power at any other time or times.

     (d) Whenever possible, each provision of this Agreement will be interpreted in such a manner
as to be effective and valid under applicable law, but if any provision of this Agreement is held
to be prohibited by or invalid under applicable law, such provision will be ineffective only to the
extent of such prohibition or invalidity, without invalidating the remainder of such provision or
the remaining provisions of this Agreement.

     (e) This Agreement may be executed in one or more counterparts, any one of which need not
contain the signatures of more than one party, but all such counterparts taken together will
constitute one and the same instrument.

     (f) Executive has been informed that the terms of this Agreement will be open for acceptance
and execution by Executive until April ___, 2006 during which time Executive may consider whether or
not to accept this Agreement and consult with an attorney of Executive’s choosing to advise
Executive regarding the same. If Executive does not execute and deliver this Agreement by such
date, the offer contained herein shall be wholly null and void.

     (g) This Agreement shall constitute the formal notification of the termination, effective as
of the Separation Date, of Executive’s further employment by the Company, its subsidiaries and from
any and all offices Executive may hold with any of the foregoing entities.

     (h) In the event of any action, suit or other proceeding to enforce this Agreement or arising
out of the breach of any of its covenants, conditions, agreements or provisions, the prevailing
party shall be entitled to have and recover from the other party all of the prevailing party’s
costs and expenses of such dispute or suit, including reasonable attorneys’ fees and court costs,
incurred in each and every such action, suit or other proceeding, including any and all appeals or
petitions therefrom.

IN WITNESS WHEREOF, Executive and the Company have hereunto set their hands as of the date set
forth above.

	 	 	 	 	 
	 

	 	EXECUTIVE	 	 
	 
	 	 	 	 
	 

	 	/s/ Larence Park
 

Larence Park
	 	 
	 
	 	 	 	 
	 

	 	eFUNDS CORPORATION	 	 
	 
	 	 	 	 
	 

	 	/s/ Paul F. Walsh
 

Paul F. Walsh
	 	 
	 

	 	Chairman and Chief Executive	 	 
	 

	 	Officer	 	 

5

 

Exhibit A

RELEASE

     WHEREAS, Larence Park (“Executive”) was an employee of eFunds Corporation, a Delaware
corporation (the “Company”);

     WHEREAS, Executive’s employment with the Company was terminated effective as of June 30, 2006
(the “Separation Date”);

     WHEREAS, Executive and the Company have previously entered into that certain Transition
Agreement, dated as of May ___, 2006 (the “Transition Agreement”), pursuant to which the Company has
agreed to make certain payments to Executive following the termination of his employment;

     WHEREAS, capitalized terms used without definition herein shall have the meanings assigned to
such terms in the Transition Agreement; and

     WHEREAS, it is a condition to the Company’s obligation to make the payments provided for in
the Transition Agreement that Executive execute, deliver and not rescind this Release.

     NOW, THEREFORE, IN CONSIDERATION OF THE FOREGOING, Executive and the Company hereby agree as
follows:

     1. Release.

          (a) As consideration for the promises of the Company contained in the Transition Agreement,
Executive, for himself and his successors and assigns, hereby fully and completely releases and
waives any and all claims, complaints, rights, causes of action or demands of whatever kind,
whether known or unknown or suspected to exist by Executive (collectively, “Claims”) which he has
or may have against the Company and any company controlling, controlled by or under common control
with the Company (collectively with the Company, the “Controlled Group”) and their respective
predecessors, successors and assigns and all officers, directors, shareholders, employees and
agents of those persons and companies (“the Released Parties”) arising out of or related to any
actions, conduct, promises, statements, decisions or events occurring prior to or on the Separation
Date (the “Released Matters”), including, without limitation, any Claims based on or arising out of
Executive’s employment with the Controlled Group and the cessation of that employment;
provided, however, that this Release shall not operate to relieve the members of
the Controlled Group of any obligation to indemnify Executive against any Claims brought against
Executive by any third party by reason of Executive’s status as an officer or employee of the
Controlled Group; and, provided, further, that this Release shall not operate to
release any claim Executive may have against the members of the Controlled Group in his capacity as
a former shareholder of WildCard or as a Shareholder Representative under the Merger Agreement;
and, provided, further, that if the Company should hereinafter assert any cause of
action against Executive in any court or before any arbitrator (other than in his capacity as a
former shareholder of WildCard or as a Shareholder Representative under the Merger Agreement), this
Release shall be rescinded and thereafter be wholly null and void. So long as this Release remains
effective as against Executive, Executive agrees that he will not, and will cause his affiliates
not to, institute any legal proceedings against the Released Parties in respect of any Claim nor
will he authorize any other party, whether governmental or otherwise, to seek individual remedies
on his behalf with respect to any Claim. The Company agrees that, by signing this Release,
Executive is not waiving any Claim (together with the claims retained by Executive pursuant to the
foregoing provisos, “Retained Claims”) arising after the Separation Date or under the Transition
Agreement.

          (b) Executive’s release of Claims is intended to extend to and include Claims of any kind
arising under Title VII of the Civil Rights Act of 1964, as amended, 42 U.S.C. §§ 2000e et
seq., the Age Discrimination in Employment Act, 29 U.S.C. §§ 621 et seq.,
the Americans with Disabilities Act, 42

 

 

U.S.C. §§ 12101 et seq., the Delaware Discrimination in Employment Act, Del. Code
Ann. Tit. 19, §§ 710-718, the Delaware Handicapped Persons Employment Protections Act, Del. Code
Ann. Tit. 19, §§ 720-728, the Arizona Civil Rights Act, Ariz. Rev. Stat. §§ 41-1401 et
seq, the Arizona Equal Pay Act, Ariz. Rev. Stat. §§ 23-340-341 the Florida Civil Rights
Act, Florida Statutes Sections 760.01 to 760.11, the Florida Equal Rights Law, Florida Statutes
Section 725.07 and any other federal, state or local constitution statute, regulation Executive
Order or ordinance prohibiting employment discrimination or otherwise relating to employment, as
well as any claim for breach of contract (other than a Retained Claim), wrongful discharge, breach
of any express or implied promise, misrepresentation, fraud, retaliation, violation of public
policy, infliction of emotional distress, defamation, promissory estoppel, equitable estoppel,
invasion of privacy or any other theory, whether legal or equitable.

          (c) Nothing in the Transition Agreement or this Release shall be construed to prevent
Executive from filing a charge or complaint, including a challenge to the validity of this Release,
with the Equal Opportunity Commission or from participating in or cooperating with any
investigation conducted by the Equal Opportunity Commission.

          (d) Executive has been informed of Executive’s right to revoke this Release insofar as it
extends to potential claims under the Age Discrimination in Employment Act by informing the Company
of Executive’s intent to revoke this Agreement within seven (7) calendar days following the
execution of this Release by Executive. Executive has further been informed and understands that
any such rescission must be in writing and hand-delivered to the Company or, if sent by mail,
postmarked within the applicable time period, sent by certified mail, return receipt requested, and
addressed as follows:

eFunds Corporation

Gainey Center II

8501 N. Scottsdale Road

Suite 300

Scottsdale, AZ 85253

Attention: General Counsel

The Company and Executive agree that if Executive exercises Executive’s right of rescission under
this Section (c), the Company’s obligations under subsection 1(b) of the Transition Agreement shall
be null and void.

     2. Miscellaneous.

          (a) Executive may not assign or delegate any of Executive’s rights or obligations in respect
of this Release and any attempted assignment or delegation shall be void and of no effect. This
Release is binding upon and enforceable by the Company and the other members of the Controlled
Group and their respective successors and assigns. This Release is governed by the substantive
laws of the State of Delaware, without regard to its conflicts of law rules.

          (b) The failure of a party to insist upon strict compliance with any of the terms, conditions
or covenants expressed in this Release shall not be deemed a waiver of such term, condition or
covenant, or any other term, condition or covenant, nor shall any waiver or relinquishment of any
right or power under this Release on one or more times be deemed a waiver or relinquishment of such
right or power or any other right or power at any other time or times.

          (c) Whenever possible, each provision of this Release will be interpreted in such manner as
to be effective and valid under applicable law, but if any provision of this Release is held to be
prohibited by or invalid under applicable law, such provision will be ineffective only to the
extent of such prohibition or invalidity, without invalidating the remainder of such provision or
the remaining provisions of this Release.

2

 

          (d) This Release may be executed in one or more counterparts, any one of which need not
contain the signatures of more than one party, but all such counterparts taken together will
constitute one and the same instrument.

     IN WITNESS WHEREOF, the Company and Executive have hereunto set their hands to this Release as
of the dates set forth below.

	 	 	 	 	 	 	 	 	 
	 	 	 	 	eFUNDS CORPORATION	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	Dated:
	 	By:	 	 	 	 
	 

	 	 	 	 	 	 

	 	 
	 

	 	 	 	Its	 	 	 	 
	 

	 	 	 	 	 	 

	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	Dated:	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 

	 	 	 	 	 	                     Larence Park	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	STATE OF                                         )
	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	County of                                           )
	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	Subscribed and sworn before me
	 	 	 	 	 	 
	 

	 	this                 day of
              ,           .	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	                                                              
	 	 	 	seal	 	 
	 

	 	Notary Public, State of                         	 	 	 	 	 	 
	 

	 	My Commission expires:                     	 	 	 	 	 	 

3

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