Document:

exv10w5

 

Exhibit 10.5

EURO/GBP CREDIT FACILITY

GUARANTY AGREEMENT

          THIS GUARANTY is made as of the 26th day of May, 2006, by and between EWI Foreign Holdings
Ltd, a company organized under the laws of Cyprus (the “Guarantor”), and Bank of America, N.A.
(“Bank of America”), a national banking association, as agent (in such capacity, the “Agent”),
pursuant to that certain Credit Agreement dated as of October 25, 2004, by and among Euronet
Worldwide, Inc., a Delaware corporation (the “Borrower Agent”), e-pay Holdings, Limited, a limited
liability company incorporated in England and Wales, Delta Euronet GmbH, a German company with
limited liability (collectively the “Borrowers”), the Agent and the financial institutions party
thereto from time to time as Lenders, as amended or otherwise modified by that certain Amendment
No. 1 and Limited Waiver, dated as of December 14, 2004, that certain Limited Waiver dated as of
December 23, 2004, that certain Limited Waiver dated as of February 10, 2005, that certain
Amendment No. 2, dated as of March 14, 2005, that certain Limited Waiver dated as of May 11, 2005,
that certain Limited Waiver dated as of May 17, 2005, that certain Amendment No. 3 dated as of May
25, 2005, that certain Amendment No. 4 dated as of June 8, 2005, that certain Limited Waiver dated
as of June 9, 2005, that certain Amendment No. 5 dated as of June 16, 2005, that certain Amendment
No. 6 dated as of July 15, 2005, that certain Amendment No. 7 dated as of September 28, 2005, that
certain Limited Waiver dated as of November 4, 2005, that certain Amendment No. 8 dated as of
November 17, 2005, and that certain Amendment No. 9 dated as of the date hereof (as so amended or
otherwise modified and as from time to time further amended, restated, supplemented or otherwise
modified, the “Credit Agreement”).

          WHEREAS, Guarantor is a Subsidiary of the Borrower Agent and an Affiliate of the Borrowers and
as such will derive direct and indirect economic benefits from the making of the Loans and other
financial accommodations provided to Borrower pursuant to the Credit Agreement and the other Loan
Documents; and

          WHEREAS, in order to induce the Agent and the Lenders to make Loans pursuant to the Credit
Agreement, certain direct and indirect Subsidiaries of the Borrower Agent (other than the
Borrowers), including the Guarantor, have agreed to provide guarantees of the Borrowers’
Obligations under the Credit Agreement and the other Loan Documents;

          NOW, THEREFORE, in consideration of the premises and the covenants hereinafter contained, and
to induce Lenders to provide the Loans and other financial accommodations under the Credit
Agreement and the other Loan Documents, it is agreed as follows:

 

 

ARTICLE 1

DEFINITIONS

          Capitalized terms used herein shall have the meanings assigned to them in the Credit
Agreement, unless otherwise defined herein.

          References to this “Guaranty” or this “Agreement” shall mean this Guaranty, including all
amendments, modifications and supplements and any annexes, exhibits and schedules to any of the
foregoing, and shall refer to this Guaranty as the same may be in effect at the time such reference
becomes operative.

ARTICLE 2

     2.1 Guaranty of Guaranteed Obligations of Borrower. The Guarantor unconditionally guarantees
to Agent and Lenders, and their respective successors, endorsees, transferees and assigns, the
prompt payment (whether at stated maturity, by acceleration or otherwise) and performance of the
Obligations of Borrowers (hereinafter the “Guaranteed Obligations”). Guarantor agrees that this
Guaranty is a guaranty of payment and performance and not of collection, and that its obligations
under this Guaranty shall be primary, absolute and unconditional, irrespective of, and unaffected
by:

     (a) the genuineness, validity, regularity, enforceability or any future amendment of,
or change in this Guaranty, the Credit Agreement or any other Loan Document or any other
agreement, document or instrument to which any obligor for the Guaranteed Obligations is or
may become a party;

     (b) the absence of any action to enforce this Guaranty, the Credit Agreement or any
other Loan Document or the waiver or consent by Agent and/or Lenders with respect to any of
the provisions thereof;

     (c) the existence, value or condition of, or failure to perfect its Liens against, any
Collateral for the Guaranteed Obligations or any action, or the absence of any action, by
Agent in respect thereof (including, without limitation, the release of any such security);
or

     (d) the insolvency of the Borrowers or any other obligor for the Guaranteed
Obligations; or

     (e) any other action or circumstances which might otherwise constitute a legal or
equitable discharge or defense of a surety or guarantor,

it being agreed by the Guarantor that its obligations under this Guaranty shall not be discharged
until all Commitments under the Credit Agreement to lend have been terminated and all Obligations
have been indefeasibly paid in full in cash. Upon the occurrence and during the continuance of an
Event of Default, the Guarantor shall be regarded, and shall be in the same position, as principal
debtor with respect to the Guaranteed Obligations. The Guarantor agrees that any notice or
directive given at any time to Agent which is inconsistent with the waiver in
the immediately preceding sentence shall be null and void and may be ignored by the Agent and the
Lenders, and, in addition, may not be pleaded or introduced as evidence in any litigation

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relating
to this Guaranty for the reason that such pleading or introduction would be at variance with the
written terms of this Guaranty, unless the Agent and the Lenders have specifically agreed otherwise
in writing. It is agreed among the Guarantor, the Agent and the Lenders that the foregoing waivers
are of the essence of the transaction contemplated by the Credit Agreement and the other Loan
Documents and that, but for this Guaranty and such waivers, Agent and Lenders would decline to
enter into the Credit Agreement and the other Loan Documents.

     2.2 Demand by Agent or Lenders. In addition to the terms of the Guaranty set forth in Section
2.1 hereof, and in no manner imposing any limitation on such terms, it is expressly understood and
agreed that, if, at any time, the outstanding principal amount of the Guaranteed Obligations under
the Credit Agreement or any other Loan Document (including all accrued interest thereon) is
declared to be immediately due and payable, then the Guarantor shall, without demand, pay to the
holders of the Guaranteed Obligations the entire outstanding Guaranteed Obligations due and owing
to such holders. Payment by the Guarantor shall be made to Agent in immediately available Dollars
or an Optional Currency, calculated at the Exchange Rate to an account designated by Agent or at
the address set forth herein for the giving of notice to Agent or at any other address that may be
specified in writing from time to time by Agent, and shall be credited and applied to the
Guaranteed Obligations.

     2.3 Enforcement of Guaranty. In no event shall Agent have any obligation (although it is
entitled, at its option) to proceed against the Borrowers or any obligor for the Guaranteed
Obligations or any Collateral pledged to secure the Guaranteed Obligations before seeking
satisfaction from the Guarantor, and Agent may proceed, prior or subsequent to, or simultaneously
with, the enforcement of Agent’s rights hereunder, to exercise any right or remedy which it may
have against any Collateral, as a result of any Lien it may have as security for all or any portion
of the Guaranteed Obligations.

     2.4 Waiver. In addition to the waivers contained in Section 2.1 hereof, Guarantor waives, and
agrees that it shall not at any time insist upon, plead or in any manner whatever claim or take the
benefit or advantage of, any appraisal, valuation, stay, extension, marshaling of assets or
redemption laws, or exemption, whether now or at any time hereafter in force, which may delay,
prevent or otherwise affect the performance by the Guarantor of its Guaranteed Obligations under,
or the enforcement by Agent or Lenders of, this Guaranty. The Guarantor hereby waives diligence,
presentment and demand (whether for non-payment or protest or of acceptance, maturity, extension of
time, change in nature or form of the Guaranteed Obligations, acceptance of further security,
release of further security, composition or agreement arrived at as to the amount of, or the terms
of, the Guaranteed Obligations, notice of adverse change in the Borrower’s financial condition or
any other fact which might increase the risk to the Guarantor) with respect to any of the
Guaranteed Obligations or all other demands whatsoever and waive the benefit of all provisions of
law which are or might be in conflict with the terms of this Guaranty. The Guarantor represents,
warrants and agrees that, as of the date of this Guaranty, its obligations under this Guaranty are
not subject to any offsets or defenses against the Agent or the Lenders or any obligor for the
Guaranteed Obligations. The Guarantor further agrees that its obligations under this Guaranty shall
not be subject to any counterclaims, offsets or defenses against Agent or any Lender or any other obligor for the Guaranteed Obligations which may
arise in the future.

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     2.5 Benefit of Guaranty. The provisions of this Guaranty are for the benefit of the Agent and
the Lenders and their respective successors, transferees, endorsees and assigns, and nothing herein
contained shall impair, as between any obligor for the Guaranteed Obligations and the Agent or the
Lenders, the obligations of any obligor for the Guaranteed Obligations under the Loan Documents.
In the event all or any part of the Guaranteed Obligations are transferred, endorsed or assigned by
Agent or any Lender to any Person or Persons, any reference to “Agent” or “Lender” herein shall be
deemed to refer equally to such Person or Persons.

     2.6 Modification of Guaranteed Obligations, Etc. Guarantor hereby acknowledges and agrees
that the Agent and the Lenders may at any time or from time to time, with or without the consent
of, or notice to, the Guarantor or any other obligor for the Guaranteed Obligations:

     (a) change or extend the manner, place or terms of payment of, or renew or alter all or
any portion of, the Guaranteed Obligations;

     (b) take any action under or in respect of the Credit Agreement or any other Loan
Document in the exercise of any remedy, power or privilege contained therein or available to
it at law, equity or otherwise, or waive or refrain from exercising any such remedies,
powers or privileges;

     (c) amend or modify, in any manner whatsoever, the Credit Agreement or any other Loan
Document;

     (d) extend or waive the time for any obligor for the Guaranteed Obligations performance
of, or compliance with, any term, covenant or agreement on its part to be performed or
observed under the Credit Agreement or any other Loan Document, or waive such performance or
compliance or consent to a failure of, or departure from, such performance or compliance;

     (e) take and hold Collateral for the payment of the Guaranteed Obligations guaranteed
hereby or sell, exchange, release, dispose of, or otherwise deal with, any property pledged,
mortgaged or conveyed, or in which the Agent or the Lenders have been granted a Lien, to
secure any Obligations;

     (f) release anyone who may be liable in any manner for the payment of any amounts owed
by the Guarantor or any other obligor for the Guaranteed Obligations to the Agent or any
Lender;

     (g) modify or terminate the terms of any intercreditor or subordination agreement
pursuant to which claims of other creditors of the Guarantor or any other obligor for the
Guaranteed Obligations are subordinated to the claims of the Agent and the Lenders; and/or

     (h) apply any sums by whomever paid or however realized to any amounts owing by the
Guarantor or other obligor for the Guaranteed Obligations to the Agent or any Lender in such
manner as the Agent or any Lender shall determine in its discretion;

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and the Agent and the Lenders shall not incur any liability to Guarantor as a result thereof, and
no such action shall impair or release the Guaranteed Obligations of Guarantor under this Guaranty.

     2.7 Reinstatement. This Guaranty shall remain in full force and effect and continue to be
effective should any petition be filed by or against the Guarantor or any other obligor for the
Guaranteed Obligations for liquidation or reorganization, should the Guarantor or any other obligor
for the Guaranteed Obligations become insolvent or make an assignment for the benefit of creditors
or should a receiver or trustee be appointed for all or any significant part of the assets of such
Guarantor or any obligor for the Guaranteed Obligations, and shall continue to be effective or be
reinstated, as the case may be, if at any time payment and performance of the Guaranteed
Obligations, or any part thereof, is, pursuant to applicable law, rescinded or reduced in amount,
or must otherwise be restored or returned by Agent or any Lender, whether as a “voidable
preference”, “fraudulent conveyance”, or otherwise, all as though such payment or performance had
not been made. In the event that any payment, or any part thereof, is rescinded, reduced, restored
or returned, the Guaranteed Obligations shall be reinstated and deemed reduced only by such amount
paid and not so rescinded, reduced, restored or returned.

     2.8 Deferral of Subrogation, Etc. Notwithstanding anything to the contrary in this Guaranty,
or in any other Loan Document, Guarantor hereby:

     (a) expressly and irrevocably waives, on behalf of itself and its successors and
assigns (including any surety) until all commitments under the Credit Agreement to lend have
terminated and all Obligations of Borrower have been indefeasibly paid in full in cash, any
and all rights at law or in equity to subrogation, to reimbursement, to exoneration, to
contribution, to indemnification, to set off or to any other rights that could accrue to a
surety against a principal, to a guarantor against a principal, to a guarantor against a
maker or obligor, to an accommodation party against the party accommodated, to a holder or
transferee against a maker, or to the holder of any claim against any Person, and which
Guarantor may have or hereafter acquire against any obligor for the Guaranteed Obligations
in connection with or as a result of Guarantor’s execution, delivery and/or performance of
this Guaranty, or any other documents to which Guarantor is a party or otherwise; and

     (b) acknowledges and agrees (i) that this waiver is intended to benefit the Agent and
the Lenders and shall not limit or otherwise effect the Guarantor’s liability hereunder or
the enforceability of this Guaranty, and (ii) that the Agent, the Lenders and their
respective successors and assigns are intended third party beneficiaries of the waivers and
agreements set forth in this Section 2.8 and their rights under this Section 2.8 shall
survive payment in full of the Guaranteed Obligations.

     2.9 Election of Remedies. If the Agent may, under applicable law, proceed to realize
benefits under any of the Loan Documents giving the Agent and the Lenders a Lien upon
any Collateral owned by any obligor for the Guaranteed Obligations, either by judicial
foreclosure or by non-judicial sale or enforcement, the Agent may, at its sole option, determine
which of such remedies or rights it may pursue without affecting any of such rights and remedies
under this Guaranty. If, in the exercise of any of its rights and remedies, the Agent shall
forfeit

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any of its rights or remedies, including its right to enter a deficiency judgment against
any obligor for the Guaranteed Obligations, whether because of any applicable laws pertaining to
“election of remedies” or the like, the Guarantor hereby consents to such action by the Agent and
waives any claim based upon such action, even if such action by the Agent shall result in a full or
partial loss of any rights of subrogation which the Guarantor might otherwise have had but for such
action by the Agent. Any election of remedies which results in the denial or impairment of the
right of the Agent to seek a deficiency judgment against any obligor for the Guaranteed Obligations
shall not impair the Guarantor’s obligation to pay the full amount of the Guaranteed Obligations.
In the event the Agent shall bid at any foreclosure or trustee’s sale or at any private sale
permitted by law or the Loan Documents, the Agent may bid all or less than the amount of the
Guaranteed Obligations and the amount of such bid need not be paid by the Agent but shall be
credited against the Guaranteed Obligations. To the fullest extent permitted by law, the amount of
the successful bid at any such sale shall be conclusively deemed to be the fair market value of the
collateral and the difference between such bid amount and the remaining balance of the Guaranteed
Obligations shall be conclusively deemed to be the amount of the Guaranteed Obligations guaranteed
under this Guaranty.

     2.10 Funds Transfers. If the Guarantor shall engage in any transaction as a result of which
the Borrower is required to make a mandatory prepayment with respect to the Guaranteed Obligations
under the terms of the Credit Agreement (including any issuance or sale of Guarantor’s capital
stock or any sale of its assets), to the extent the Borrowers are unable to make such mandatory
prepayment, the Guarantor shall distribute to, or make a contribution to the capital of, the
Borrowers an amount equal to the mandatory prepayment required under the terms of the Credit
Agreement.

ARTICLE 3

DELIVERIES

          In a form satisfactory to Agent, Guarantor shall deliver to Agent (with sufficient copies for
each Lender), concurrently with the execution of this Guaranty and the Credit Agreement, the Loan
Documents and other instruments, certificates and documents as are required to be delivered by
Guarantor to Agent under the Credit Agreement.

ARTICLE 4

REPRESENTATIONS AND WARRANTIES

          To induce Lenders to make the Loans under the Credit Agreement, Guarantor makes the following
representations and warranties to the Agent and each Lender, each and all of which shall survive
the execution and delivery of this Guaranty:

     4.1 Corporate Existence and Standing. Guarantor is a corporation or company duly incorporated
or organized, validly existing and in good standing under the laws of its jurisdiction of
incorporation or organization and has all requisite authority to own its property and to carry on
its business in each jurisdiction where the failure to so qualify would have a material adverse
effect on its business, properties, assets, operations or financial condition taken as a whole.

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     4.2 Authorization and Validity. Guarantor has the power and authority and legal right to
execute and deliver this Agreement and each other Loan Document to which it is a party and to
perform its obligations thereunder. Such execution and delivery have been duly authorized by
proper proceedings, and this Agreement and such other Loan Documents constitute the legal, valid
and binding obligations of Guarantor, enforceable against it in accordance with their respective
terms, except as such enforceability may be limited by (i) bankruptcy, insolvency, reorganization,
receivership, liquidation, moratorium, and other similar laws affecting the rights and remedies of
creditors generally and (ii) by general principles of equity (regardless of whether such
enforcement is considered in equity or at law).

     4.3 No Conflict; Governmental Consent. The execution, delivery and performance of this
Agreement and the other Loan Documents to which Guarantor is a party will not violate any law,
rule, regulation, order, writ, judgment, injunction, decree or award binding on any Guarantor, any
provision of Guarantor’s respective articles or certificate of incorporation or organization,
by-laws or other charter documents, or the provisions of any indenture, instrument or other written
or oral agreement to which Guarantor is a party or is subject or by which the Guarantor or any of
its property is bound, or conflict therewith or constitute a default thereunder, or result in the
creation or imposition of any Lien in, of or on any of its property pursuant to the terms of any
such indenture, instrument or agreement (other than any Lien permitted by Section 10.2 of the
Credit Agreement). No order, consent, approval, license, authorization or validation of, or
filing, recording or registration with, or exemption by, any Governmental Authority is required by
or in respect of the Guarantor to authorize or is required in connection with the execution,
delivery and performance of or the enforceability of this Agreement or any of the other Loan
Documents to which Guarantor is a party, except as otherwise required by the terms of such Loan
Document.

     4.4 Compliance with Laws; Environmental and Safety Matters. (a) Guarantor represents and
warrants to the Agent and the Lenders that Guarantor has complied with all applicable statutes,
rules, regulations, orders and restrictions of any domestic or foreign government or Governmental
Authority having jurisdiction over the conduct of its businesses or the ownership of its respective
properties except to the extent that such non-compliance will not have a material adverse effect on
the financial condition or business operations of Borrowers, on a consolidated basis or on the
Euronet Entities on a consolidated basis.

     (b) Guarantor has complied with all federal, national, state, local and other statutes,
ordinances, orders, judgments, rulings and regulations relating to environmental pollution,
environmental regulation or control, or employee health or safety, except to the extent that such
non-compliance will not have a material adverse effect on the financial condition or business
operations of the Borrowers on a consolidated basis; Guarantor has not received any written notice
of any failure so to comply; and none of Guarantor’s facilities treat, store or dispose of any
hazardous wastes, hazardous substances, hazardous materials, toxic substances, toxic pollutants
or substances (collectively, “Hazardous Materials”) similarly denominated, as those terms or
similar terms are used in RCRA, CERCLA, the Hazardous Materials Transportation Act, the Toxic
Substances Control Act, the Clean Air Act, the Clean Water Act, the Occupational Safety and Health
Act or any other state, local or federal applicable law, ordinance, rule or regulation relating to
environmental pollution, environmental regulation or control or employee health and safety
(collectively, “Environmental Laws”) in a quantity or manner that requires a permit,

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registration, or another notification or authorization from a Governmental Authority except for the treatment,
storage, or disposal of Hazardous Materials in a quantity or manner which, if in non-compliance
with Environmental Laws, would not have a material adverse effect on the Borrowers’ financial
condition or business operations, taken as a whole. The conduct of the business and the condition
of the property of Guarantor does not violate any Environmental Laws or any judicial interpretation
thereof relating primarily to the environment or Hazardous Materials. Guarantor is not aware of
any events, conditions or circumstances involving environmental pollution or contamination or
employee health or safety that could reasonably be expected to result in material liability on the
part of the Borrowers taken as a whole.

     4.5 Ownership of Properties; Collateral Liens. Guarantor has good title, free and clear of
all Liens (other than those permitted by Section 10.2 of the Credit Agreement), to all of the
properties and assets reflected in its financial statements as owned by it, and its interest in all
other properties and assets in or to which it has an interest as a lessee, licensee or otherwise is
free and clear of all Liens (other than those permitted under Section 10.2 of the Credit
Agreement).

     4.6 Taxes. Guarantor has filed all federal tax returns and all other tax returns which are
required to be filed and paid all taxes due pursuant to said returns or pursuant to any assessment
received by it, including without limitation all federal and state withholding taxes and all taxes
required to be paid pursuant to applicable law, except such taxes, if any, as are being contested
in good faith, by appropriate proceedings and as to which adequate charges, accruals and reserves
have been set aside. No tax Liens have been filed, and no claims are being asserted with respect
to any such taxes, except such tax Liens and claims that will not have a material adverse effect in
the aggregate, on the assets, business, operations or financial condition of the Euronet entities
on a consolidated basis. The charges, accruals and reserves on the books of the Euronet Entities,
on a consolidated basis, in respect of any taxes or other governmental charges are adequate.

     4.7 Solvency. Guarantor reasonably anticipates that it will be able to meet its debts as
they mature. Guarantor has adequate capital to conduct the business in which it is engaged.

     4.8 Executive Offices. Guarantor’s executive office and principal place of business are as
set forth on Schedule 4.8.

ARTICLE 5

COVENANTS

     Guarantor agrees that it will:

     5.1 Conduct of Business and Maintenance of Properties. Carry on and conduct its business in
substantially the same manner and in substantially the same fields of enterprise as it is presently
conducted and do all things necessary to remain duly incorporated, validly existing and in good
standing in its jurisdiction of organization and maintain all requisite authority to conduct its
business in each jurisdiction in which its business is conducted; maintain, preserve, protect and
keep its properties in good repair, working order and condition; and comply in all material
respects with all agreements and instruments to which it is a party.

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     5.2 Insurance. Maintain with financially sound and reputable insurance companies, insurance
on all its property, covering such liabilities and such risks (including business interruption
risks) and in such amounts as is consistent with sound business practice and reasonably
satisfactory to the Agent and furnish to the Agent upon request full information as to the
insurance carried.

     5.3 Compliance with Laws and Taxes. Comply with, any and all laws, statutes, rules,
regulations, orders, judgments, decrees and awards, a violation of which, in any respect, taken as
a whole, may materially and adversely affect the Guarantor’s business, assets, operations or
condition, financial condition taken as a whole, including, without limitation, those regarding the
collection, payment and deposit of employees’ income, unemployment, and Social Security taxes (or
similarly established social insurance and healthcare taxes) and those regarding environmental
matters; pay when due all taxes, assessments and governmental charges and levies upon it or its
income, profits or property, except those which are being contested in good faith by appropriate
proceedings and with respect to which adequate reserves have been set aside; make a timely payment
or deposit of all FICA payments and withholding taxes (or similarly established social insurance
and healthcare taxes) required of it under applicable law; and, upon request, furnish to the Agent
evidence satisfactory to the Agent that such payments have been made.

     5.4 Financial Statements, Reports, etc. Maintain a system of accounting established and
administered in accordance with GAAP (as adopted in the United States).

     5.5 Further Assurances. The Guarantor agrees, upon the written request of Agent or any
Lender, to execute and deliver to Agent or such Lender, from time to time, any additional
instruments or documents reasonably considered necessary by Agent or such Lender to cause this
Guaranty to be, become or remain valid and effective in accordance with its terms.

ARTICLE 6

PAYMENTS FREE AND CLEAR OF TAXES

          All payments required to be made by Guarantor hereunder shall be made to Agent and Lenders
free and clear of, and without deduction for, any and all present and future taxes. If Guarantor
shall be required by law to deduct any withholding taxes from or in respect of any sum payable
hereunder, (a) the sum payable shall be increased as much as shall be necessary so that after
making all required deductions (including deductions applicable to additional sums payable under
this Section 6) Agent or Lenders, as applicable, receive an amount equal to the sum they would have
received had no such deductions been made, (b) Guarantor shall make such deductions, and (c)
Guarantor shall pay the full amount deducted to the relevant taxing or other
authority in accordance with applicable law. Guarantor shall not be required, however, to
gross up payments to Agent or Lenders for an amount higher than the withholding tax rate
established in the treaty existing at such time of payment between Guarantor’s country of legal
domicile and the United States. Within thirty (30) days after the date of any payment of taxes, or
within five (5) Business Days following receipt by Guarantor of evidence of payment from
Guarantor’s taxing authority, whichever is later,Guarantor shall furnish to Agent the original or a
certified copy of a receipt evidencing payment thereof. Guarantor shall indemnify and, within ten
(10) days of demand therefor, pay Agent and each Lender for the full amount of withholding taxes

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(including any withholding taxes imposed by any jurisdiction on amounts payable under this Section
6) paid by Agent or such Lender, as appropriate, and any liability (including penalties, interest
and expenses) arising therefrom or with respect thereto, whether or not such taxes were correctly
or legally asserted, so long as paid by such Agent or such Lender in good faith.

ARTICLE 7

OTHER TERMS

     7.1 Entire Agreement. This Agreement and the other Loan Documents constitute the entire
contract between the parties relative to the subject matter hereof. Any previous agreement among
the parties with respect to the subject matter hereof is superseded by this Agreement and the other
Loan Documents. Nothing in this Agreement or in the other Loan Documents, expressed or implied, is
intended to confer upon any party other than the parties hereto and thereto any rights, remedies,
obligations or liabilities under or by reason of this Agreement or the other Loan Documents.

     7.2 Headings. Section headings used herein are for convenience of reference only, are not
part of this Agreement and are not to affect the construction of, or to be taken into consideration
in interpreting, this Agreement.

     7.3 Severability. In the event any one or more of the provisions contained in this Agreement
or in any other Loan Document should be held invalid, illegal or unenforceable in any respect, the
validity, legality and enforceability of the remaining provisions contained herein and therein
shall not in any way be affected or impaired thereby. The parties shall endeavor in good faith
negotiations to replace the invalid, illegal or unenforceable provisions with valid provisions the
economic effect of which comes as close as possible to that of the invalid, illegal or
unenforceable provisions.

     7.4 Notices. Notices and other communications provided for herein shall be in writing and
shall be delivered by hand or overnight courier service, mailed or sent by telecopy or other
telegraphic communications equipment of the sending party, as follows:

if to Guarantor, to it c/o Euronet Worldwide, Inc. at 4601 College Boulevard, Suite 300, Leawood,
Kansas 66211 (Facsimile: 913-327-1921).

if to the Agent, to it at PO Box 219038, MO8-060-12-02, 64121-9038, Attention: Middle Market
Banking (Facsimile: 816-979-7174) (if by hand delivery or overnight courier service then to 1200
Main, Suite 1400, Kansas City, Missouri 64105, Attention: Middle Market Banking)
with a required copy to Scott Long, Lathrop & Gage L.C., 2345 Grand Boulevard, Kansas City,
Missouri 64108 (Facsimile: 816/292-2001);

or to such other address or telecopy number as any party may direct by notice given as provided in
this Section 7.4. All notices and other communications given to any party hereto in accordance
with the provisions of this Agreement shall be deemed to have been given on the date of receipt if
delivered by hand or overnight courier service or sent by telecopy or other telegraphic
communications equipment of the sender, if received on or before 5:00 p.m., local time of the
recipient, on a Business Day, or on the next Business Day if received after 5:00 p.m.

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on a Business
Day or on a day that is not a Business Day, or on the date five (5) Business Days after dispatch by
certified or registered mail if mailed, in each case delivered, sent or mailed (properly addressed)
to such party as provided in this Section 7.4 or in accordance with the latest unrevoked direction
from such party given in accordance with this Section 7.4.

     7.5 Successors and Assigns; Participations. Whenever in this Agreement any of the parties
hereto is referred to, such reference shall be deemed to include the successors and permitted
assigns of such party. The Agent and any Lender may assign or delegate to one or more of its
Affiliates all or a portion of its interests, rights and obligations under this Agreement
(including all or a portion of the Loans and the Note). Each Lender may sell participations to one
or more of its Affiliates in all or a portion of its rights and obligations under this Agreement
(including all or a portion of the Loans and the Notes). Each Lender may, in connection with any
assignment or participation or proposed assignment or participation pursuant to this Section 7.5,
disclose to the assignee or participant or proposed assignee or participant any information
relating to the Borrower Agent, the Borrowers and the Euronet Entities furnished to the Agent or
the Lenders by or on behalf of the Borrower Agent or any Borrower.

     7.6 No Waiver; Cumulative Remedies; Amendments. Neither the Agent nor any Lender shall by any
act, delay, omission or otherwise be deemed to have waived any of its rights or remedies hereunder,
and no waiver shall be valid unless in writing, signed by Agent and then only to the extent therein
set forth. A waiver by the Agent, for itself and the ratable benefit of the Lenders, of any right
or remedy hereunder on any one occasion shall not be construed as a bar to any right or remedy
which the Agent would otherwise have had on any future occasion. No failure to exercise nor any
delay in exercising on the part of the Agent or any Lender, any right, power or privilege
hereunder, shall operate as a waiver thereof, nor shall any single or partial exercise of any
right, power or privilege hereunder preclude any other or future exercise thereof or the exercise
of any other right, power or privilege. The rights and remedies hereunder provided are cumulative
and may be exercised singly or concurrently, and are not exclusive of any rights and remedies
provided by law. None of the terms or provisions of this Guaranty may be waived, altered,
modified, supplemented or amended except by an instrument in writing, duly executed by the Agent
and the Guarantor.

     7.7 Termination. This Guaranty is a continuing guaranty and shall remain in full force and
effect until all commitments under the Credit Agreement (including any amendment, restatement or
refinancing thereof with Bank of America) to lend have been terminated and all Obligations of
Borrowers have been indefeasibly paid in full. Upon payment and performance in full of the
Guaranteed Obligations, Agent shall deliver to the Guarantor such documents as the Guarantor may
reasonably request to evidence such termination.

     7.8 Counterparts. This Agreement may be executed in two or more counterparts, all of which
when taken together shall constitute but one contract.

     7.9 Applicable Law. This Agreement and the other Loan Documents shall be governed by and
construed and enforced under and in accordance with the laws of the State of Missouri applicable to
contracts made and to be performed wholly within said state, without giving effect to choice of law
or conflict of law principles.

11

 

     7.10 ARBITRATION. (a) EXCEPT AS SET OUT BELOW, ANY CONTROVERSY OR CLAIM BETWEEN OR AMONG THE
PARTIES HERETO, INCLUDING BUT NOT LIMITED TO THOSE ARISING OUT OF OR RELATING TO THIS AGREEMENT OR
ANY LOAN DOCUMENTS, INCLUDING ANY CLAIM BASED ON OR ARISING FROM AN ALLEGED TORT (COLLECTIVELY,
“CLAIM”), SHALL BE DETERMINED BY BINDING ARBITRATION IN ACCORDANCE WITH THE FEDERAL ARBITRATION ACT
ADOPTED BY THE UNITED STATES (OR IF NOT APPLICABLE, THE APPLICABLE LAW IN THE STATE OF MISSOURI),
THE RULES OF PRACTICE AND PROCEDURE FOR THE ARBITRATION OF COMMERCIAL DISPUTES OF
J.A.M.S./ENDISPUTE OR ANY SUCCESSOR THEREOF (“J.A.M.S.”), AND THE “SPECIAL RULES” SET FORTH BELOW.
IN THE EVENT OF ANY INCONSISTENCY, THE SPECIAL RULES SHALL CONTROL. JUDGMENT UPON ANY ARBITRATION
AWARD MAY BE ENTERED IN ANY COURT HAVING JURISDICTION. ANY PARTY TO THIS AGREEMENT MAY BRING AN
ACTION, INCLUDING A SUMMARY OR EXPEDITED PROCEEDING, TO COMPEL ARBITRATION OF ANY CLAIM IN ANY
COURT HAVING JURISDICTION OVER SUCH ACTION. THE INSTITUTION AND MAINTENANCE OF AN ACTION FOR ANY
JUDICIAL RELIEF SHALL NOT CONSTITUTE A WAIVER OF THE RIGHT OF ANY PARTY, INCLUDING THE PLAINTIFF,
TO SUBMIT THE CLAIM TO ARBITRATION IF ANY OTHER PARTY CONTESTS SUCH ACTION FOR JUDICIAL RELIEF.

     (b) SPECIAL RULES. ANY ARBITRATION SHALL BE CONDUCTED IN THE COUNTY OF BORROWER AGENT’S
DOMICILE AT THE TIME OF THE EXECUTION OF THIS AGREEMENT, OR IF THERE IS REAL OR PERSONAL PROPERTY
COLLATERAL, IN THE COUNTY WHERE SUCH REAL OR PERSONAL PROPERTY IS LOCATED, AND ADMINISTERED BY
J.A.M.S. WHO WILL APPOINT AN ARBITRATOR; IF J.A.M.S. IS UNABLE OR LEGALLY PRECLUDED FROM
ADMINISTERING THE ARBITRATION, THEN THE AMERICAN ARBITRATION ASSOCIATION WILL SERVE. ALL
ARBITRATION HEARINGS WILL BE COMMENCED WITHIN 90 DAYS OF THE DEMAND FOR ARBITRATION; FURTHER, THE
ARBITRATION SHALL ONLY, UPON A SHOWING OF CAUSE, BE PERMITTED TO EXTEND THE COMMENCEMENT OF SUCH
HEARING FOR UP TO AN ADDITIONAL 60 DAYS. ANY DISPUTE CONCERNING THIS ARBITRATION PROVISION OR
WHETHER A CLAIM IS ARBITRABLE SHALL BE DETERMINED BY THE ARBITRATOR. THE ARBITRATOR SHALL HAVE THE
POWER TO AWARD LEGAL FEES PURSUANT TO THE TERMS OF THIS AGREEMENT.

     (c) RESERVATION OF RIGHTS. NOTHING IN THIS ARBITRATION PROVISION SHALL BE DEEMED TO (I)
LIMIT THE APPLICABILITY OF ANY OTHERWISE APPLICABLE STATUTES OF LIMITATION OR REPOSE AND ANY
WAIVERS CONTAINED IN THIS AGREEMENT; OR (II)) BE A WAIVER BY AGENT OR ANY LENDER OF THE PROTECTION
AFFORDED TO IT BY 12 U.S.C. SEC. 91 OR ANY SUBSTANTIALLY EQUIVALENT STATE LAW; OR (III) LIMIT THE
RIGHT OF ANY PARTY HERETO (A) TO EXERCISE SELF HELP REMEDIES SUCH AS (BUT NOT LIMITED TO) SETOFF,
OR (B) TO FORECLOSE AGAINST OR SELL ANY REAL OR PERSONAL PROPERTY OR COLLATERAL, OR (C) TO OBTAIN
FROM A COURT PROVISIONAL OR ANCILLARY REMEDIES SUCH AS (BUT NOT LIMITED TO) INJUNCTIVE RELIEF, WRIT
OF POSSESSION OR THE APPOINTMENT OF A

12

 

RECEIVER, ANY PARTY MAY EXERCISE SUCH SELF HELP RIGHTS,
FORECLOSE OR SELL COLLATERAL OR OBTAIN SUCH PROVISIONAL OR ANCILLARY REMEDIES BEFORE, DURING OR
AFTER THE PENDENCY OF ANY ARBITRATION PROCEEDING BROUGHT PURSUANT TO THIS AGREEMENT. NONE OF THESE
ACTIONS SHALL CONSTITUTE A WAIVER OF THE RIGHT OF ANY PARTY, INCLUDING THE CLAIMANT IN ANY SUCH
ACTION, TO ARBITRATE THE MERITS OF THE CLAIM OCCASIONING RESORT TO SUCH REMEDIES OR PROCEDURES.

     (d) WAIVER OF CERTAIN DAMAGES. THE PARTIES HERETO WAIVE ANY RIGHT OR REMEDY EITHER MAY HAVE
AGAINST THE OTHER TO RECOVER PUNITIVE OR EXEMPLARY DAMAGES ARISING OUT OF ANY CLAIM WHETHER THE
CLAIM IS RESOLVED BY ARBITRATION OR BY JUDICIAL ACTION.

ARTICLE 8

NEGATIVE PLEDGE

     Guarantor covenants and agrees that it shall not permit to exist any Lien on any of its
property, except Liens of the nature or type the Euronet Entities are permitted to have pursuant to
Section 10.2 of the Credit Agreement. On the request of the Agent, the Guarantor will execute
acknowledgments or other forms of notice of such negative pledge, and the Agent may record or file
the same in the appropriate filing offices.

13

 

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

THIS AGREEMENT CONTAINS A BINDING ARBITRATION PROVISION WHICH MAY BE
ENFORCED BY THE PARTIES.

	 	 	 	 	 	 	 
	 	 	EWI FOREIGN HOLDINGS LTD	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Eric Mettemeyer	 	 
	 

	 	 	 	 	 	 
	 

	 	Name:
	 	Eric Mettemeyer	 	 
	 

	 	Title:
	 	Director	 	 
	 
	 	 	 	 	 	 
	 	 	BANK OF AMERICA, N.A., as Agent	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ John Mills
 

	 	 
	 

	 	Name:
	 	John P. Mills	 	 
	 

	 	Title:
	 	Vice President	 	 

Signature
Page to Guaranty of

Euronet Foreign Holdings Ltd

 

 

 SCHEDULE 4.8

Julia House

3 Themistocles Dervis Street

CY-1066 Nicosia, Cyprusexv10w6

 

Exhibit 10.6

CREDIT AGREEMENT

Dated as of May 26, 2006

Borrower Parties

EURONET WORLDWIDE, INC.,

as Borrower Agent

AND

EURONET SERVICES INDIA PVT LTD,

as Borrower

AND

BANK OF AMERICA, N.A.,

as Lender and Agent

Rupee Revolving Line of Credit

Termination Date: May 26, 2009

 

 

TABLE OF CONTENTS

	 	 	 	 	 
	 	 	Page
	 
	ARTICLE 1 DEFINITIONS
	 	 	1	 
	ARTICLE 2 REVOLVING LINE OF CREDIT
	 	 	1	 
	2.1 Agreement to Lend
	 	 	1	 
	2.2 Revolving Note
	 	 	2	 
	2.3 Increase of the Commitment
	 	 	2	 
	2.4 The Letter of Credit Commitment
	 	 	3	 
	2.5 Procedures of Issuance and Amendment of Letters of Credit
	 	 	5	 
	2.6 Drawings and Reimbursements; Funding of Participations
	 	 	6	 
	2.7 Repayment of Participations
	 	 	8	 
	2.8 Obligations Absolute
	 	 	8	 
	2.9 Role of L/C Issuer
	 	 	9	 
	2.10 Cash Collateral
	 	 	10	 
	2.11 Applicability of ISP
	 	 	10	 
	2.12 Letter of Credit Fees
	 	 	10	 
	2.13 Conflict with Issuer Documents
	 	 	10	 
	2.14 Letters of Credit Issued for Affiliates
	 	 	11	 
	2.15 Letter of Credit Amounts
	 	 	11	 
	ARTICLE 3 CURRENCY
	 	 	11	 
	3.1 Currency and Amount
	 	 	11	 
	3.2 [Intentionally Omitted.]
	 	 	11	 
	3.3 Translation Calculations
	 	 	11	 
	3.4 Agent’s Calculations
	 	 	12	 
	3.5 Currency Indemnity
	 	 	12	 
	3.6 Currency of Account
	 	 	13	 
	3.7 Change of Currency
	 	 	13	 
	ARTICLE 4 DISBURSEMENTS; INTEREST; PAYMENTS
	 	 	14	 
	4.1 Types of Loans
	 	 	14	 
	4.2 Loan Disbursement Procedures
	 	 	14	 
	4.3 Interest
	 	 	14	 
	4.4 Optional and Mandatory Payments
	 	 	14	 
	4.5 Payments
	 	 	16	 
	4.6 Status of Lenders
	 	 	17	 
	4.7 Minimum Amounts
	 	 	17	 
	4.8 Certain Requests and Notices
	 	 	18	 
	4.9 Borrower Agent
	 	 	19	 
	ARTICLE 5 FEES; COLLATERAL
	 	 	20	 
	5.1 Fees
	 	 	20	 
	5.2 Additional MIBOR Rate Loan Costs
	 	 	20	 
	5.3 Reserve Costs
	 	 	21	 
	5.4 Notice of Increased Costs
	 	 	22	 
	ARTICLE 6 CONDITIONS TO MAKING LOANS
	 	 	22	 
	6.1 Delivery of Loan Documents
	 	 	22	 
	6.2 Proper Proceedings; Charter Documents
	 	 	23	 

 

 

	 	 	 	 	 
	 	 	Page
	 
	6.3 Legal Opinion
	 	 	23	 
	6.4 No Adverse Changes; Representations; No Default
	 	 	23	 
	6.5 Notice of Borrowing
	 	 	23	 
	6.6 [Intentionally Omitted.]
	 	 	23	 
	6.7 No Material Impairment
	 	 	23	 
	6.8 Required Consents and Approvals
	 	 	23	 
	6.9 Legality
	 	 	24	 
	6.10 General
	 	 	24	 
	ARTICLE 7 REPRESENTATIONS AND WARRANTIES
	 	 	24	 
	7.1 Corporate Existence and Standing
	 	 	24	 
	7.2 Authorization and Validity
	 	 	24	 
	7.3 No Conflict; Governmental Consent
	 	 	24	 
	7.4 Compliance with Laws; Environmental and Safety Matters
	 	 	25	 
	7.5 US GAAP Financial Statements
	 	 	26	 
	7.6 Ownership of Properties; Collateral Liens
	 	 	26	 
	7.7 Indebtedness
	 	 	25	 
	7.8 Subsidiaries
	 	 	27	 
	7.9 Litigation
	 	 	27	 
	7.10 Material Agreements; Labor Matters
	 	 	27	 
	7.11 Investment Company Act; Public Utility Holding Company Act
	 	 	27	 
	7.12 Taxes
	 	 	27	 
	7.13 Accuracy of Information
	 	 	28	 
	7.14 Employee Benefit Plans
	 	 	28	 
	7.15 No Undisclosed Dividend Restrictions
	 	 	28	 
	7.16 Absence of Default or Event of Default
	 	 	28	 
	7.17 Disclosure
	 	 	28	 
	7.18 Solvency
	 	 	28	 
	7.19 Margin Regulations
	 	 	28	 
	7.20 Copyrights, Patents and Other Rights
	 	 	29	 
	7.21 Fiscal Year
	 	 	29	 
	ARTICLE 8 AFFIRMATIVE COVENANTS
	 	 	29	 
	8.1 Conduct of Business and Maintenance of Properties
	 	 	29	 
	8.2 Insurance
	 	 	29	 
	8.3 Compliance with Laws and Taxes
	 	 	29	 
	8.4 Financial Statements, Reports, etc.
	 	 	30	 
	8.5 Other Notices
	 	 	32	 
	8.6 Access to Properties and Inspections
	 	 	32	 
	8.7 Use of Proceeds
	 	 	32	 
	8.8 Payment of Claims
	 	 	33	 
	8.9 Maintain Lender Accounts
	 	 	33	 
	ARTICLE 9 FINANCIAL COVENANTS
	 	 	33	 
	9.1 Euronet Consolidated Financial Covenants
	 	 	33	 
	9.2 Minimum Borrower EBITDA
	 	 	33	 
	ARTICLE 10 NEGATIVE COVENANTS
	 	 	35	 
	10.1 Indebtedness
	 	 	35	 
	10.2 Liens
	 	 	36	 
	10.3 Sale and Lease-Back Transactions
	 	 	38	 

 

 

	 	 	 	 	 
	 	 	Page
	 
	10.4 Mergers, Transfers of Assets, Acquisitions
	 	 	39	 
	10.5 Creation of Subsidiaries
	 	 	40	 
	10.6 Subsidiary Dividend Restrictions
	 	 	40	 
	10.7 [Intentionally Omitted.]
	 	 	40	 
	10.8 Use of Proceeds
	 	 	40	 
	10.9 Loans, Advances and Investments
	 	 	40	 
	10.10 Negative Pledge
	 	 	41	 
	10.11 Liquidation or Change in Business
	 	 	41	 
	10.12 Money Services Business
	 	 	41	 
	ARTICLE 11 EVENTS OF DEFAULT
	 	 	42	 
	11.1 Events of Default
	 	 	42	 
	11.2 Rights and Remedies
	 	 	43	 
	ARTICLE 12 AGENT
	 	 	44	 
	12.1 Appointment and Authority
	 	 	44	 
	12.2 Rights as a Lender
	 	 	43	 
	12.3 Exculpatory Provisions
	 	 	43	 
	12.4 Reliance by Agent
	 	 	45	 
	12.5 Delegation of Duties
	 	 	46	 
	12.6 Resignation of Agent
	 	 	46	 
	12.7 Non-Reliance on Agent and Other Lenders
	 	 	45	 
	12.8 Agent May File Proofs of Claim
	 	 	45	 
	12.9 Collateral and Guaranty Matters
	 	 	48	 
	ARTICLE 13 MISCELLANEOUS
	 	 	48	 
	13.1 Notices
	 	 	48	 
	13.2 [Intentionally Omitted.]
	 	 	49	 
	13.3 Survival of Agreement
	 	 	49	 
	13.4 Binding Effect
	 	 	49	 
	13.5 Successors and Assigns; Participations
	 	 	49	 
	13.6 Expenses; Indemnity
	 	 	52	 
	13.7 Right of Setoff
	 	 	53	 
	13.8 Applicable Law
	 	 	53	 
	13.9 Waivers; Amendment
	 	 	54	 
	13.10 Suretyship Waivers
	 	 	55	 
	13.11 Interest Rate Limitation
	 	 	57	 
	13.12 Entire Agreement
	 	 	57	 
	13.13 Severability
	 	 	57	 
	13.14 Counterparts
	 	 	57	 
	13.15 Headings
	 	 	57	 
	13.16 Jurisdiction; Consent to Service of Process
	 	 	57	 
	13.17 Terms Generally
	 	 	58	 
	13.18 English Language
	 	 	58	 
	13.19 USA PATRIOT Act Notice
	 	 	58	 
	13.20 ARBITRATION
	 	 	59	 

 

 

	 	 	 	 	 
	List of Exhibits:
	 	 	 	 
	Exhibit 1  —  Definitions
	 	 	 	 
	Exhibit 2.2  —  Revolving Note
	 	 	 	 
	Exhibit 4.8-A — Notice of Borrowing
	 	 	 	 
	Exhibit 4.8-B — Notice of Termination or Reduction
	 	 	 	 
	Exhibit 8.4  —  Compliance Certificate
	 	 	 	 
	 
	 	 	 	 
	List of Schedules:
	 	 	 	 
	Schedule E-1  — Revolving Credit Commitments
	 	 	 	 
	Schedule 7.4  —  Environmental Matters
	 	 	 	 
	Schedule 7.5  —  Financial Statements
	 	 	 	 
	Schedule 7.8  —  Corporate Structure
	 	 	 	 
	Schedule 10.1  —  Existing Indebtedness
	 	 	 	 
	Schedule 10.2  —  Existing Liens
	 	 	 	 
	Schedule 10.9  —  Loans, Advances and Investments
	 	 	 	 

 

 

RUPEE CREDIT AGREEMENT

     THIS CREDIT AGREEMENT (“Agreement”) is made as of the 26th day of May, 2006, by and among
Euronet Worldwide, Inc., a Delaware corporation, as Borrower Agent, Euronet Services India Pvt Ltd,
a company organized under the laws of India (the “Borrower”), and Bank of America, N.A., a national
banking association acting through its branch in Mumbai, India (“Bank of America”), as agent (in
such capacity, the “Agent”) and as a lender (and together with the other financial institutions
from time to time party hereto, as lenders, each a “Lender” and collectively the “Lenders”).

     WHEREAS, the Borrower has requested that the Agent arrange a three-year revolving line of
credit with the Lenders in the amount of Ten Million US Dollars ($10,000,000); and

     WHEREAS, in order to induce the Agent and the Lenders to make such loans, the Borrower Agent
has agreed to provide a guarantee of the Borrower’s obligations hereunder; and

     WHEREAS, the Lenders have agreed to make such loans available to the Borrower upon the terms
and conditions set forth herein;

     NOW, THEREFORE, in consideration of the premises and the mutual covenants and agreements
contained herein, the parties agree as follows:

ARTICLE 1

DEFINITIONS

     Certain terms used in this Agreement are defined herein. Certain other terms are defined in
Exhibit 1 attached hereto and incorporated herein by this reference.

ARTICLE 2

REVOLVING LINE OF CREDIT

     2.1 Agreement to Lend.

          (a) Revolving Loans. Each Lender severally, but not jointly, agrees, on the terms and
subject to the conditions set forth in this Agreement, to make loans (each a “Revolving Loan”) to
the Borrower from time to time on any Business Day during the period beginning on the Closing Date
through the first Business Day before the Revolving Credit Termination Date, in such amounts as the
Borrower shall request as provided in Section 4.8 hereof not to exceed in aggregate principal
amount outstanding at any time, such Lender’s Pro Rata Share of the Revolving Credit Commitment
and, to the extent such Lender is an L/C Issuer, to treat each draw under any Letter of Credit as a
Revolving Loan as provided in Section 2.4 below; provided, however, that no Lender shall have any
obligation to make a requested Revolving Loan if, (A) a Default or Event of Default has occurred
and is continuing or (B) after the making of such Revolving Loan, (I) the aggregate unpaid
principal balance of all Revolving Loans, together with the aggregate undrawn amount under all
outstanding Letters of Credit, would exceed the

 

 

Revolving Credit Commitments, or (II) a Default or Event of Default will have occurred and be
continuing. The Borrower may terminate or reduce the unused portion of the Revolving Credit
Commitment at any time by giving notice to the Lender as provided in Section 4.8 below, provided
that any partial reduction shall be in an amount of at least One Million Dollars ($1,000,000) or
the equivalent amount in the Funding Currency. Revolving Loans shall be used to pay existing
intercompany indebtedness, for working capital and for other corporate or business purposes.

          (b) Except as otherwise provided in Section 3.3, if the aggregate principal indebtedness of
the Borrower under the Revolving Notes, plus the aggregate undrawn amount under all outstanding
Letters of Credit, at any time exceeds the Revolving Credit Commitment, the Borrower shall
immediately, without demand or notice, pay principal under the Revolving Notes so that the
aggregate principal amount outstanding thereunder, plus the aggregate undrawn amount under all
outstanding Letters of Credit, does not exceed the Revolving Credit Commitment; provided, that in
the case of Letters of Credit, such amount shall be held as cash collateral for undrawn Letters of
Credit, and shall promptly be returned to the Borrower if Letters of Credit in an amount sufficient
to eliminate such overadvance expire undrawn.

     2.2 Revolving Note. The Revolving Loans shall be evidenced by and repaid in accordance with
Revolving Notes executed by the Borrower in favor of each Lender, in the form of Exhibit 2.2
hereto, dated as of the Closing Date or, with respect to Revolving Notes issued to a financial
institution that becomes a Lender subsequent to the Closing Date, the date such financial
institution becomes a Lender, and each Revolving Note shall be payable to the order of the
applicable Lender. Such Notes and any and all amendments, extensions, modifications, renewals,
reaffirmations, restatements, replacements and substitutions thereof and therefor executed with
respect to the Revolving Loans are herein referred to as the “Revolving Notes”. Interest shall
accrue on the unpaid principal balance of the Revolving Notes outstanding from time to time at a
rate or rates determined as provided in Section 4.3 below. The Revolving Notes shall be paid in
full on the Revolving Credit Termination Date.

     2.3 Increase of the Commitment.

          (a) Request for Increase. Provided there exists no Default, upon notice to the Agent
(which shall promptly notify the Lenders), the Borrower Agent, on behalf of the Borrower may on a
one-time basis, request an increase in the Commitments by an amount not exceeding $15,000,000;
provided that:

     (i) any such request for an increase shall be in a minimum amount of $1,000,000;
provided that, the aggregate of (x) such increase plus (y) any concurrent increase in the
“Commitment” under the US Credit Agreement, plus (z) any concurrent increase in the
“Commitment” under the Euro Credit Agreement shall be a minimum of $5,000,000; and

     (ii) after giving effect to any such increase, the aggregate of (x) the Commitment
under this Agreement, plus (y) the “Commitment” under the US

- 2 -

 

Credit Agreement, plus (z) the
“Commitment” under the Euro Credit Agreement, will not exceed $65,000,000.

At the time of sending such notice, the Borrower Agent (in consultation with the Agent) shall
specify the time period within which each Lender is requested to respond (which shall in no event
be less than ten Business Days from the date of delivery of such notice to the Lenders).

          (b) Lender Elections to Increase. Each Lender shall notify the Agent within such time
period whether or not it agrees to increase its Commitment and, if so, whether by an amount equal
to, greater than, or less than its Pro Rata share of such requested increase. Any Lender not
responding within such time period shall be deemed to have declined to increase its Commitment.

          (c) Notification by Administrative Agent; Additional Lenders. The Agent shall notify
the Borrower Agent and each Lender of the Lenders’ responses to each request made hereunder. To
achieve the full amount of a requested increase and subject to the approval of the Agent and the
L/C Issuer (which approvals shall not be unreasonably withheld), the Borrower Agent may also invite
additional Eligible Assignees to become Lenders pursuant to a joinder agreement in form and
substance satisfactory to the Agent and its counsel.

          (d) Effective Date and Allocations. If the Commitment is increased in accordance with
this Section, the Agent and the Borrower Agent shall determine the effective date (the “Increase
Effective Date”) and the final allocation of such increase. The Agent shall promptly notify the
Lenders of the final allocation of such increase and the Increase Effective Date.

          (e) Conditions to Effectiveness of Increase. As a condition precedent to such
increase, the Borrower shall deliver to the Agent a certificate of each Obligor dated as of the
Increase Effective Date (in sufficient copies for each Lender) signed by a responsible officer of
such Obligor (i) certifying and attaching the resolutions adopted by such Obligor approving or
consenting to such increase, and (ii) in the case of the Borrower, certifying that, before and
after giving effect to such increase, (A) the representations and warranties contained in Article 7
and the other Loan Documents are true and correct on and as of the Increase Effective Date, except
to the extent that such representations and warranties specifically refer to an earlier date, in
which case they are true and correct as of such earlier date, and (B) no Default exists. The
Borrower shall prepay any Revolving Loans outstanding on the Increase Effective Date to the extent
necessary to keep the outstanding Revolving Loans ratable with any revised Pro Rata shares arising
from any nonratable increase in the Commitment under this Section.

          (f) Conflicting Provisions. This Section shall supersede any provisions in Sections
4.5 or 13.9 to the contrary.

     2.4 The Letter of Credit Commitment.

- 3 -

 

          (a) Subject to the terms and conditions set forth herein, (A) the L/C Issuer agrees, in
reliance upon the agreements of the Lenders set forth in this Section 2.4, (1) from time to time on
any Business Day during the period from the Closing Date until
the Letter of Credit Expiration Date, to issue Letters of Credit for the account of the
Borrower, and to amend or extend Letters of Credit previously issued by it, in accordance with
subsection (b) below, and (2) to honor drawings under the Letters of Credit; and (B) the Lenders
severally agree to participate in Letters of Credit issued for the account of the Borrower and any
drawings thereunder; provided that after giving effect to any L/C Credit Extension with
respect to any Letter of Credit:

     (I) the aggregate unpaid principal balance of all Revolving Loans, together with the aggregate
undrawn amount under all outstanding Letters of Credit, shall not exceed the Revolving Credit
Commitments; and

     (II) the aggregate outstanding principal amount of the Revolving Loans of any Lender,
plus such Lender’s Pro Rata Share of the aggregate amount of all L/C Obligations shall not
exceed such Lender’s Commitment.

Each request by the Borrower for the issuance or amendment of a Letter of Credit shall be deemed to
be a representation by the Borrower that the L/C Credit Extension so requested complies with the
conditions set forth in the proviso to the preceding sentence. Within the foregoing limits, and
subject to the terms and conditions hereof, the Borrower’s ability to obtain Letters of Credit
shall be fully revolving, and accordingly the Borrower may, during the foregoing period, obtain
Letters of Credit to replace Letters of Credit that have expired or that have been drawn upon and
reimbursed.

          (b) The L/C Issuer shall not issue any Letter of Credit, if:

               (i) the expiry date of such requested Letter of Credit would occur more than twelve months
after the date of issuance or last extension, unless the Required Lenders have approved such expiry
date; or

               (ii) the expiry date of such requested Letter of Credit would occur after the Letter of Credit
Expiration Date, unless all the Lenders have approved such expiry date.

          (c) The L/C Issuer shall not be under any obligation to issue any Letter of Credit if:

               (i) any order, judgment or decree of any Governmental Authority or arbitrator shall by its
terms purport to enjoin or restrain the L/C Issuer from issuing such Letter of Credit, or any
applicable law to the L/C Issuer or any request or directive (whether or not having the force of
law) from any Governmental Authority with jurisdiction over the L/C Issuer shall prohibit, or
request that the L/C Issuer refrain from, the issuance of letters of credit generally or such
Letter of Credit in particular or shall impose upon the L/C Issuer with respect to such Letter of
Credit any restriction, reserve or capital requirement (for which the L/C Issuer is not otherwise
compensated hereunder)

- 4 -

 

not in effect on the Closing Date, or shall impose upon the L/C Issuer any
unreimbursed loss, cost or expense which was not applicable on the Closing Date and which the L/C
Issuer in good faith deems material to it;

               (ii) the issuance of such Letter of Credit would violate one or more policies of the L/C
Issuer;

               (iii) except as otherwise agreed by the Agent and the L/C Issuer, such Letter of Credit is in
an initial stated amount less than $50,000;

               (iv) such Letter of Credit is to be denominated in a currency other than the Funding Currency;

               (v) such Letter of Credit contains any provisions for automatic reinstatement of the stated
amount after any drawing thereunder; or

               (vi) a default of any Lender’s obligations to fund exists or any Lender is at such time a
Defaulting Lender hereunder, unless the L/C Issuer has entered into satisfactory arrangements with
the Borrower or such Lender to eliminate the L/C Issuer’s risk with respect to such Lender.

          (d) The L/C Issuer shall not amend any Letter of Credit if the L/C Issuer would not be
permitted at such time to issue such Letter of Credit in its amended form under the terms hereof.

          (e) The L/C Issuer shall be under no obligation to amend any Letter of Credit if (A) the L/C
Issuer would have no obligation at such time to issue such Letter of Credit in its amended form
under the terms hereof, or (B) the beneficiary of such Letter of Credit does not accept the
proposed amendment to such Letter of Credit.

          (f) The L/C Issuer shall act on behalf of the Lenders with respect to any Letters of Credit
issued by it and the documents associated therewith, and the L/C Issuer shall have all of the
benefits and immunities (A) provided to the Agent in Article 12 with respect to any acts taken or
omissions suffered by the L/C Issuer in connection with Letters of Credit issued by it or proposed
to be issued by it and Issuer Documents pertaining to such Letters of Credit as fully as if the
term “Agent” as used in Article 12 included the L/C Issuer with respect to such acts or omissions,
and (B) as additionally provided herein with respect to the L/C Issuer.

     2.5 Procedures for Issuance and Amendment of Letters of Credit.

          (a) Each Letter of Credit shall be issued or amended, as the case may be, upon the request of
the Borrower delivered to the L/C Issuer (with a copy to the Agent) in the form of a Letter of
Credit Application, appropriately completed and signed by a responsible officer of the Borrower.
Such Letter of Credit Application must be received by the L/C Issuer and the Agent not later than
11:00 a.m., Mumbai, India time at least two Business Days (or such later date and time as the Agent
and the L/C Issuer may agree in a particular instance in their sole discretion) prior to the
proposed issuance date

- 5 -

 

or date of amendment, as the case may be. In the case of a request for an
initial issuance of a Letter of Credit, such Letter of Credit Application shall specify in form and
detail satisfactory to the L/C Issuer: (A) the proposed issuance date of the requested Letter of
Credit (which shall be a Business Day); (B) the amount thereof; (C) the expiry date thereof; (D)
the name and address of the beneficiary thereof; (E) the documents to be
presented by such beneficiary in case of any drawing thereunder; (F) the full text of any
certificate to be presented by such beneficiary in case of any drawing thereunder; and (G) such
other matters as the L/C Issuer may require. In the case of a request for an amendment of any
outstanding Letter of Credit, such Letter of Credit Application shall specify in form and detail
satisfactory to the L/C Issuer (A) the Letter of Credit to be amended; (B) the proposed date of
amendment thereof (which shall be a Business Day); (C) the nature of the proposed amendment; and
(D) such other matters as the L/C Issuer may require. Additionally, the Borrower shall furnish to
the L/C Issuer and the Agent such other documents and information pertaining to such requested
Letter of Credit issuance or amendment, including any Issuer Documents, as the L/C Issuer or the
Agent may require.

          (b) Promptly after receipt of any Letter of Credit Application, the L/C Issuer will confirm
with the Agent (by telephone or in writing) that the Agent has received a copy of such Letter of
Credit Application from the Borrower and, if not, the L/C Issuer will provide the Agent with a copy
thereof. Unless the L/C Issuer has received written notice from any Lender, the Agent or any Loan
Party, at least one Business Day prior to the requested date of issuance or amendment of the
applicable Letter of Credit, that one or more applicable conditions contained in Article 6 shall
not then be satisfied, then, subject to the terms and conditions hereof, the L/C Issuer shall, on
the requested date, issue a Letter of Credit for the account of the Borrower or enter into the
applicable amendment, as the case may be, in each case in accordance with the L/C Issuer’s usual
and customary business practices. Immediately upon the issuance of each Letter of Credit, each
Lender shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from the
L/C Issuer a risk participation in such Letter of Credit in an amount equal to the product of such
Lender’s Pro Rata Share times the amount of such Letter of Credit.

          (c) Promptly after its delivery of any Letter of Credit or any amendment to a Letter of Credit
to an advising bank with respect thereto or to the beneficiary thereof, the L/C Issuer will also
deliver to the Borrower and the Agent a true and complete copy of such Letter of Credit or
amendment.

     2.6 Drawings and Reimbursements; Funding of Participations.

          (a) Upon receipt from the beneficiary of any Letter of Credit of any notice of a drawing under
such Letter of Credit, the L/C Issuer shall notify the Borrower and the Agent thereof. Not later
than 4:00 p.m., Mumbai time on the date of any payment by the L/C Issuer under a Letter of Credit
(each such date, an “Honor Date”), the Borrower shall reimburse the L/C Issuer through the Agent in
an amount equal to the amount of such drawing. If the Borrower fails to so reimburse the L/C
Issuer by such time, the Agent shall promptly notify each Lender of the Honor Date, the amount of
the

- 6 -

 

unreimbursed drawing (the “Unreimbursed Amount”), and the amount of such Lender’s Pro Rata
Share thereof. In such event, the Borrower shall be deemed to have requested a Prime Lending Rate
Loan to be disbursed on the Honor Date in an amount equal to the Unreimbursed Amount, without
regard to the minimum and multiples specified herein for the principal amount of Loans, but subject
to the amount of the unutilized portion of the aggregate Commitments and the conditions set forth
in Article 6 (other than the delivery
of a Loan Request). Any notice given by the L/C Issuer or the Agent pursuant to this Section
2.6(a) may be given by telephone if immediately confirmed in writing; provided that the
lack of such an immediate confirmation shall not affect the conclusiveness or binding effect of
such notice.

          (b) Each Lender shall upon any notice pursuant to Section 2.6(a) make funds available to the
Agent for the account of the L/C Issuer at the Agent’s principal office in an amount equal to its
Pro Rata Share of the Unreimbursed Amount not later than 1:00 p.m., Mumbai time on the Business Day
specified in such notice by the Agent, whereupon, subject to the provisions of Section 2.6(c), each
Lender that so makes funds available shall be deemed to have made a Prime Lending Rate Loan to the
Borrower in such amount. The Agent shall remit the funds so received to the L/C Issuer.

          (c) With respect to any Unreimbursed Amount that is not fully refinanced by a borrowing of
Prime Lending Rate Loans as provided in Section 2.6(a) because the conditions set forth in Article
6 cannot be satisfied or for any other reason, the Borrower shall be deemed to have incurred from
the L/C Issuer an L/C Borrowing in the amount of the Unreimbursed Amount that is not so refinanced,
which L/C Borrowing shall be due and payable on demand (together with interest) and shall bear
interest at the Default Rate. In such event, each Lender’s payment to the Agent for the account of
the L/C Issuer pursuant to Section 2.6(b) shall be deemed payment in respect of its participation
in such L/C Borrowing and shall constitute an L/C Advance from such Lender in satisfaction of its
participation obligation under this Section 2.6.

          (d) Until each Lender funds its Loan or L/C Advance pursuant to this Section 2.6 to reimburse
the L/C Issuer for any amount drawn under any Letter of Credit, interest in respect of such
Lender’s Pro Rata Share of such amount shall be solely for the account of the L/C Issuer.

          (e) Each Lender’s obligation to make Loans or L/C Advances to reimburse the L/C Issuer for
amounts drawn under Letters of Credit, as contemplated by this Section 2.6, shall be absolute and
unconditional and shall not be affected by any circumstance, including (i) any setoff,
counterclaim, recoupment, defense or other right which such Lender may have against the L/C Issuer,
the Borrower or any other Person for any reason whatsoever; (ii) the occurrence or continuance of a
Default, or (iii) any other occurrence, event or condition, whether or not similar to any of the
foregoing; provided, however, that each Lender’s obligation to make Loans pursuant
to this Section 2.6 is subject to the conditions set forth in Article 6 (other than delivery by the
Borrower of a Loan Request). No such making of an L/C Advance shall relieve or otherwise impair
the obligation of the Borrower to reimburse the L/C Issuer for the amount of any payment

- 7 -

 

made by
the L/C Issuer under any Letter of Credit, together with interest as provided herein.

          (f) If any Lender fails to make available to the Agent for the account of the L/C Issuer any
amount required to be paid by such Lender pursuant to the foregoing provisions of this Section 2.6
by the time specified in Section 2.6(b), the L/C Issuer shall be entitled to recover from such
Lender (acting through the Agent), on demand, such amount with interest thereon for the period from
the date such payment is
required to the date on which such payment is immediately available to the L/C Issuer at a
rate per annum equal to the greater of the Prime Lending Rate and a rate determined by the L/C
Issuer in accordance with banking industry rules on interbank compensation. A certificate of the
L/C Issuer submitted to any Lender (through the Agent) with respect to any amounts owing under this
Section 2.6(f) shall be conclusive absent manifest error.

     2.7 Repayment of Participations.

          (a) At any time after the L/C Issuer has made a payment under any Letter of Credit and has
received from any Lender such Lender’s L/C Advance in respect of such payment in accordance with
Section 2.6, if the Agent receives for the account of the L/C Issuer any payment in respect of the
related Unreimbursed Amount or interest thereon (whether directly from the Borrower or otherwise,
including proceeds of Cash Collateral applied thereto by the Agent), the Agent will distribute to
such Lender its Pro Rata Share thereof (appropriately adjusted, in the case of interest payments,
to reflect the period of time during which such Lender’s L/C Advance was outstanding) in the same
funds as those received by the Agent.

          (b) If any payment received by the Agent for the account of the L/C Issuer pursuant to Section
2.6(a) is required to be returned under any circumstances (including pursuant to any settlement
entered into by the L/C Issuer in its discretion), each Lender shall pay to the Agent for the
account of the L/C Issuer its Pro Rata Share thereof on demand of the Agent, plus interest thereon
from the date of such demand to the date such amount is returned by such Lender, at a rate per
annum equal to the Prime Lending Rate from time to time in effect. The obligations of the Lenders
under this clause shall survive the payment in full of the Obligations and the termination of this
Agreement.

     2.8 Obligations Absolute. The obligation of the Borrower to reimburse the L/C Issuer for each
drawing under each Letter of Credit and to repay each L/C Borrowing shall be absolute,
unconditional and irrevocable, and shall be paid strictly in accordance with the terms of this
Agreement under all circumstances, including the following:

          (a) any lack of validity or enforceability of such Letter of Credit, this Agreement, or any
other Loan Document;

          (b) the existence of any claim, counterclaim, setoff, defense or other right that the Borrower
may have at any time against any beneficiary or any transferee of such Letter of Credit (or any
Person for whom any such beneficiary or any such

- 8 -

 

transferee may be acting), the L/C Issuer or any
other Person, whether in connection with this Agreement, the transactions contemplated hereby or by
such Letter of Credit or any agreement or instrument relating thereto, or any unrelated
transaction;

          (c) any draft, demand, certificate or other document presented under such Letter of Credit
proving to be forged, fraudulent, invalid or insufficient in any respect or any statement therein
being untrue or inaccurate in any respect; or any loss or delay in the transmission or otherwise of
any document required in order to make a drawing under such Letter of Credit;

          (d) any payment by the L/C Issuer under such Letter of Credit against presentation of a draft
or certificate that does not strictly comply with the terms of such Letter of Credit; or any
payment made by the L/C Issuer under such Letter of Credit to any Person purporting to be a trustee
in bankruptcy, debtor-in-possession, assignee for the benefit of creditors, liquidator, receiver or
other representative of or successor to any beneficiary or any transferee of such Letter of Credit,
including any arising in connection with any proceeding under any Debtor Relief Law; or

          (e) any other circumstance or happening whatsoever, whether or not similar to any of the
foregoing, including any other circumstance that might otherwise constitute a defense available to,
or a discharge of, the Borrower.

The Borrower shall promptly examine a copy of each Letter of Credit and each amendment thereto that
is delivered to it and, in the event of any claim of noncompliance with the Borrower’s instructions
or other irregularity, the Borrower will immediately notify the L/C Issuer. The Borrower shall be
conclusively deemed to have waived any such claim against the L/C Issuer and its correspondents
unless such notice is given as aforesaid.

     2.9 Role of L/C Issuer. Each Lender, the Borrower Agent and the Borrower agree that, in
paying any drawing under a Letter of Credit, the L/C Issuer shall not have any responsibility to
obtain any document (other than any sight draft, certificates and documents expressly required by
the Letter of Credit) or to ascertain or inquire as to the validity or accuracy of any such
document or the authority of the Person executing or delivering any such document. None of the L/C
Issuer, the Agent, any of their respective Affiliates, directors, officers, employees, advisers and
agents (collectively the “Related Parties”) nor any correspondent, participant or assignee of the
L/C Issuer shall be liable to any Lender for (i) any action taken or omitted in connection herewith
at the request or with the approval of the Lenders or the Required Lenders, as applicable; (ii) any
action taken or omitted in the absence of gross negligence or willful misconduct; or (iii) the due
execution, effectiveness, validity or enforceability of any document or instrument related to any
Letter of Credit or Issuer Document. The Borrower hereby assumes all risks of the acts or
omissions of any beneficiary or transferee with respect to its use of any Letter of Credit;
provided, however, that this assumption is not intended to, and shall not, preclude
the Borrower pursuing such rights and remedies as they may have against the beneficiary or
transferee at law or under any other agreement. None of the L/C Issuer, the Agent, any of their
respective Related Parties nor any correspondent, participant or assignee of the

- 9 -

 

L/C Issuer shall
be liable or responsible for any of the matters described in Sections 2.8(a) through 2.8(e);
provided, however, that anything in such clauses to the contrary notwithstanding,
the Borrower may have a claim against the L/C Issuer, and the L/C Issuer may be liable to the
Borrower, to the extent, but only to the extent, of any direct, as opposed to consequential or
exemplary, damages suffered by the Borrower which the Borrower proves were caused by the L/C
Issuer’s willful misconduct or gross negligence or the L/C Issuer’s willful failure to pay under
any Letter of Credit after the presentation to it by the beneficiary of a sight draft and
certificate(s) strictly complying with the terms and conditions of a Letter of Credit. In
furtherance and not in limitation of the foregoing, the L/C Issuer may accept documents that appear
on their face to be in order, without responsibility for further investigation, regardless of any
notice or information to the
contrary, and the L/C Issuer shall not be responsible for the validity or sufficiency of any
instrument transferring or assigning or purporting to transfer or assign a Letter of Credit or the
rights or benefits thereunder or proceeds thereof, in whole or in part, which may prove to be
invalid or ineffective for any reason.

     2.10 Cash Collateral. Upon the request of the Agent, (i) if the L/C Issuer has honored any
full or partial drawing request under any Letter of Credit and such drawing has resulted in an L/C
Borrowing, or (ii) if, as of the Letter of Credit Expiration Date, any L/C Obligation for any
reason remains outstanding, the Borrower shall, in each case, immediately Cash Collateralize the
then aggregate outstanding amount of all L/C Obligations. For purposes of this Section 2.10, “Cash
Collateralize” shall mean to pledge and deposit with or deliver to the Agent, for the benefit of
the L/C Issuer and the Lenders, as collateral for the L/C Obligations, cash or deposit account
balances (“Cash Collateral”) pursuant to documentation in form and substance satisfactory to the
Agent and the L/C Issuer (which documents are hereby consented to by the Lenders). Derivatives of
such term have corresponding meanings. The Borrower hereby grants to the Agent, for the benefit of
the L/C Issuer and the Lenders, a security interest in all such cash, deposit accounts and all
balances therein and all proceeds of the foregoing. Cash Collateral shall be maintained in a
blocked Cash Collateral Account at Bank of America.

     2.11 Applicability of ISP. Unless otherwise expressly agreed by the L/C Issuer and the
Borrower when a Letter of Credit is issued (including any such agreement applicable to an Existing
Letter of Credit), the rules of the ISP shall apply to each standby Letter of Credit.

     2.12 Letter of Credit Fees. The Borrower shall pay to the Agent for the account of each
Lender fees with respect to the Letters of Credit in accordance with the terms and conditions of
Section 5.1(c) (the “Letter of Credit Fee”). Letter of Credit Fees shall be (i) computed on a
quarterly basis in arrears and (ii) due and payable on the first Business Day after the end of each
fiscal quarter of the Borrower Agent, commencing with the first such date to occur after the
issuance of such Letter of Credit, on the Letter of Credit Expiration Date and thereafter on
demand. Notwithstanding anything to the contrary contained herein, upon the request of the
Required Lenders, while any Event of Default exists, all Letter of Credit Fees shall accrue at the
Default Rate.

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     2.13 Conflict with Issuer Documents. In the event of any conflict between the terms hereof
and the terms of any Issuer Document, the terms hereof shall control.

     2.14 Letters of Credit Issued for Affiliates. Notwithstanding that a Letter of Credit issued
or outstanding hereunder is in support of any obligations of, or is for the account of, an
Affiliate of the Borrower, the Borrower shall be obligated to reimburse the L/C Issuer hereunder
for any and all drawings under such Letter of Credit. The Borrower hereby acknowledges that the
issuance of Letters of Credit for the account of any such Affiliates inures to the benefit of the
Borrower, and that the Borrower’s business derives substantial benefits from the businesses of such
Affiliates.

     2.15 Letter of Credit Amounts. Unless otherwise specified herein, the amount of a Letter of
Credit at any time shall be deemed to be the stated amount of such Letter of Credit in effect at
such time; provided, however, that with respect to any Letter of Credit that, by
its terms or the terms of any Issuer Document related thereto, provides for one or more automatic
increases in the stated amount thereof, the amount of such Letter of Credit shall be deemed to be
the maximum stated amount of such Letter of Credit after giving effect to all such increases,
whether or not such maximum stated amount is in effect at such time.

     2.16 Indemnity. The Borrower shall immediately on demand indemnify the L/C Issuer against any
cost, loss or liability incurred by the L/C Issuer (other than by reason of the L/C Issuer’s gross
negligence or willful misconduct) in acting as L/C Issuer under any Letter of Credit requested by
the Borrower.

ARTICLE 3

CURRENCY

     3.1 Currency and Amount. The amounts of all Commitments, Loans, L/C Obligations and other
monetary obligations hereunder shall be measured in the Base Currency. The Loans shall be funded
in the Funding Currency and such Loans, together with any interest or fees related thereto shall be
repaid in the Funding Currency. Letters of Credit shall be issued in the Funding Currency and all
L/C Obligations with respect thereto shall be paid in the Funding Currency.

     3.2 [Intentionally Omitted.]

     3.3 Translation Calculations. (a) No later than 11:00 a.m., Mumbai time, on the last
day of each month that is a Business Day (each a “Calculation Date”), the Agent will determine the
Exchange Rate as of such Calculation Date with respect to the Funding Currency and the Agent shall
give written notice thereof to the Lenders and the Borrower Agent. The Exchange Rate so determined
shall become effective as of the first Business Day immediately following the relevant Calculation
Date (a “Reset Date”), and shall remain effective until the next succeeding Reset Date, and shall
for all purposes of this Agreement be the Exchange Rates employed in converting any amounts between
the Base Currency and the Funding Currency.

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          (b) Not later than 4:00 p.m., Mumbai time, on each Reset Date and on each date on which
Revolving Loans are made or continued or Letters of Credit are issued or amended, the Agent shall
determine the aggregate unpaid principal balance of all Revolving Loans outstanding plus the
aggregate undrawn amount under all outstanding Letters of Credit in the equivalent of the Base
Currency.

          (c) In the event the aggregate unpaid principal balance of all Revolving Loans plus the
aggregate undrawn amount under all outstanding Letters of Credit (calculated in accordance with
this Section 3.3) exceeds the aggregate Revolving Credit Commitments, the Agent will promptly
notify the Borrower Agent. The Borrower (and the Borrower Agent on behalf of the Borrower) shall
not be entitled to make any further Loan Requests (other than with respect to continuations of
outstanding Loans) and
the Lenders will have no obligation to make any Loans (other than the continuations of
outstanding Loans), for so long as such condition is continuing.

          (d) Without limiting Section 3.3(c), in the event the amount by which the aggregate unpaid
principal balance of all Revolving Loans plus the aggregate undrawn amount under all outstanding
Letters of Credit (calculated in accordance with this Section 3.3) exceeds the Revolving
Commitments, is greater than One Million Dollars ($1,000,000), the Borrower shall, not later than
the next Business Day following receipt of the notice provided in accordance with Section 3.3(b),
and without any further demand or notice, pay principal under its Revolving Notes in the amount by
which such amount exceeds One Million Dollars ($1,000,000).

     3.4 Agent’s Calculations. All calculations made by the Agent pursuant to this Article 3 will
take into account any repayment, prepayment, consolidation or division of Loans to be made on the
date of such calculations, and will be presumptively correct absent manifest error.

     3.5 Currency Indemnity.

          (a) If any sum due from an Obligor under the Loan Documents (a “Sum”), or any order, judgment
or award given or made in relation to a Sum, has to be converted from the currency (the “First
Currency”) in which that Sum is payable into another currency (the “Second Currency”) for the
purpose of:

               (i) making or filing a claim or proof against that Obligor; or

               (ii) obtaining or enforcing an order, judgment or award in relation to any litigation or
arbitration proceedings,

that Obligor shall as an independent obligation, within three Business Days of demand, indemnify
each of the Agent or any Lender to whom that Sum is due against any cost, loss or liability arising
out of or as a result of the conversion including any discrepancy between (A) the rate of exchange
used to convert that Sum from the First Currency into the Second Currency and (B) the rate or rates
of exchange available to that person at the time of its receipt of that Sum; provided, however that
the above indemnity with respect

- 12 -

 

to the Agent or any Lender, shall not apply to the extent that any
cost, loss or liability arises from the gross negligence or willful misconduct of the Agent or such
Lender in making such currency conversion.

          (b) Each Obligor waives any right it may have in any jurisdiction to pay any amount under the
Loan Documents in a currency or currency unit other than that in which it is expressed to be
payable.

     3.6 Currency of Account.

          (a) Subject to paragraphs (b) through (e) below, the Base Currency is the currency of account
and payment for any sum due from an Obligor under any Loan Document.

          (b) A repayment of a Loan or Sum or a part of a Loan or Sum shall be made in the currency in
which that Loan or Sum is denominated on its due date.

          (c) Each payment of interest shall be made in the currency in which the sum in respect of
which the interest is payable was denominated when that interest accrued.

          (d) Each payment in respect of costs, expenses or any taxes shall be made in the currency in
which the costs, expenses or such taxes are incurred.

          (e) Any amount expressed to be payable in a currency other than the Base Currency shall be
paid in that other currency.

     3.7 Change of Currency.

          (a) Unless otherwise prohibited by law, if more than one currency or currency unit are at the
same time recognized by the central bank of any country as the lawful currency of that country,
then:

               (i) any reference in the Loan Documents to, and any obligations arising under the Loan
Documents in, the currency of that country shall be translated into, or paid in, the currency or
currency unit of that country designated by the Agent; and

               (ii) any translation from one currency or currency unit to another shall be at the official
rate of exchange recognized by the central bank of such country for the conversion of that currency
or currency unit into the other, rounded up or down by the Agent.

          (b) If a change in any currency of a country occurs, this Agreement will, to the extent the
Agent specifies to be necessary, be amended to comply with any generally accepted conventions and
market practice in the Relevant Interbank Market and otherwise to reflect the change in currency.

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ARTICLE 4

DISBURSEMENTS; INTEREST; PAYMENTS

     4.1 Types of Loans. The Loans made on each Disbursement Date may, subject to the terms and
conditions of this Agreement, be Prime Lending Rate Loans or MIBOR Rate Loans (each being referred
to as a “type” of Loan) as specified in the applicable Loan Request given by the Borrower or the
Borrower Agent in accordance with Section 4.8 hereof.

     4.2 Loan Disbursement Procedures.

          (a) Loans shall be disbursed by the Agent upon request by the Borrower or the Borrower Agent
on behalf of the Borrower from time to time on or after
the Closing Date, in such amounts as provided in Section 4.7 below, subject to the limitations
on the Lenders’ obligations to make Loans as set forth in Section 2.1 above. Subject to the terms
of this Agreement, the Borrower may borrow, repay and re-borrow Loans at any time prior to the
Revolving Credit Termination Date.

          (b) Each Loan Request shall be delivered to the Agent in writing or by telex or facsimile
transmission in the manner provided in Section 13.1 hereof, or as otherwise agreed by the Agent, in
the manner and within the time periods set forth in Section 4.8. The Agent may rely and act upon
any such Loan Request which is received from the Borrower Agent or any other person believed by the
Agent in good faith to be authorized to make such request on behalf of the Borrower. The Agent
shall record in its records all Loans made by the Lenders to the Borrower pursuant to this
Agreement and all payments made on the Loans.

     4.3 Interest.

          (a) The Borrower shall pay to the Agent for the Pro Rata benefit of the Lenders interest on
the unpaid principal amount of each Revolving Loan at the following rates per annum:

               (i) Floating Rate Option. During any period while such Loan is a Prime Lending Rate Loan, a
rate per annum equal to the Prime Lending Rate (as in effect from time to time) plus the Applicable
Margin, in effect from time to time. The rate of interest applicable to Prime Lending Rate Loans
shall change as and when the Prime Lending Rate changes.

               (ii) Fixed Rate Option. The Borrower may elect, in accordance with Section 4.8 hereof, to
have a specified portion of the Revolving Loan bear interest from time to time at a fixed rate per
annum equal to the MIBOR Rate for the applicable Interest Period plus the Applicable Margin in
effect on the Disbursement Date, the date of conversion or the date of continuation, as
applicable, as adjusted as provided in this Agreement. The interest rate (other than adjustments
to the Applicable

- 14 -

 

Margin as provided herein) with respect to any MIBOR Rate Loan shall not change
during any Interest Period.

          (b) Notwithstanding the provisions of Section 4.3(a) above, the Borrower shall pay interest
at the Default Rate on any principal of any Loan and on any interest or other amount payable by
the Borrower hereunder or under the Revolving Notes (i) that is not paid in full when due (whether
at maturity, by acceleration or otherwise), for the period commencing on and including the due
date thereof until the same is paid in full and (ii) upon and during the continuance of any
failure to comply with or violation of any of the financial covenants set forth in Article 9 of
this Agreement as shown on and as of the last day of a fiscal quarter as reflected on any
Compliance Certificate.

Accrued interest on each Loan shall be payable on the last day of each calendar month; provided
that interest payable at the Default Rate shall be payable, to the extent applicable, from time to
time on demand of the Agent.

          (c) The Agent shall, as part of its interest statements, notify the Borrower Agent of any
change in the Prime Lending Rate or the MIBOR Rates in effect and shall, on the request of the
Borrower Agent at any time, notify the Borrower Agent of the MIBOR Rates then in effect.

          (d) In the event that the Borrower or the Borrower Agent on behalf of the Borrower fails to
select the type of Loan or the duration of any Interest Period for any MIBOR Rate Loan within the
time period and otherwise as provided in Section 4.8, such Loan (if outstanding as a MIBOR Rate
Loan) will be automatically converted into a Prime Lending Rate Loan on the last day of the then
current Interest Period for such Loan or (if outstanding as a Prime Lending Rate Loan) will remain
as, or will be made as, a Prime Lending Rate Loan.

          (e) The amount of all interest and fees hereunder shall be computed for the actual number of
days elapsed on the basis of a year consisting of three hundred sixty five (365) days. Interest
on any Loan shall be computed for the period commencing on and including the date of such Loan to
but excluding the date such Loan is paid in full; provided, however, that if a Loan is repaid on
the same day on which it is made, such day shall be included in computing interest on such Loan.

     4.4 Optional and Mandatory Payments. The Borrower shall have the right to prepay the Loans in
whole or in part at any time without premium or penalty, subject to giving the Agent prior notice
in accordance with the provisions of Section 4.8 hereof, provided that (i) each such partial
prepayment shall be in the aggregate principal amount of not less than Five Hundred Thousand
Dollars ($500,000) or the equivalent amount in the Funding Currency calculated in accordance with
the Exchange Rate, and (ii) if any prepayment is made on any day other than the last day of the
Interest Period therefor, it may be prepaid only upon three (3) Business Days prior notice to Agent
and the Borrower shall pay to the Agent any applicable fees and amounts described in Section 5.2(a)
below. Amounts prepaid in respect of Loans under this Section 4.4 may be re-

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borrowed subject to
the terms and conditions hereof. The Borrower shall make mandatory principal payments on the Loans
as provided in Section 2.1(b), Section 2.2 and Section 3.3(d) above.

     4.5 Payments. (a) Except as otherwise provided herein and subject to Section 4.8 below,
all payments of principal, interest, Fees, taxes, charges, expenses and other items payable by the
Borrower hereunder and under the Revolving Notes shall be made in the Funding Currency but shall be
calculated by the Agent in Dollars and shall be credited on the date of receipt by the Agent for
the Pro Rata benefit of the Lenders if received by the Agent at its principal office in Mumbai, in
immediately available funds, prior to 4:00 p.m., Mumbai time, on a Business Day. Payments made in
funds which are not immediately available shall be credited only when the funds are collected by
the Agent, and payments received (whether from the Borrower in immediately available funds or
through the collection of funds which were not immediately available at the time payment was
tendered by the Borrower) after 4:00 p.m. (Mumbai time) will be credited on the next Business Day.
The Agent reserves the right to apply all payments received by it from the Borrower and designated
or authorized to be applied to the Revolving Notes first to any Fees and other charges then due to
the Agent or the Lenders, then to
accrued interest on such Revolving Notes for the benefit of the Lenders on a Pro Rata basis
and then to reduction of the principal balance of such Revolving Notes for the benefit of the
Lenders on a Pro Rata basis, or such other order as the Agent may determine in its sole discretion.
The Agent shall also record in its records, in accordance with customary accounting practice, all
interest, Fees, taxes, charges, expenses and other items properly chargeable to the Borrower with
respect to the Loans, all payments received by the Agent for application to the Obligations, and
all other appropriate debits and credits. The Agent’s records shall constitute prima facie
evidence of the amount of Obligations outstanding from time to time. All payments received by the
Agent shall be distributed by Agent in accordance with this Section 4.5, subject to the rights of
offset that Agent may have as to amounts otherwise to be remitted to a particular Lender by reason
of amounts due to the Agent from such Lender under any of the Loan Documents.

(b) (i) Each Obligor shall make all payments by it required hereunder or under any other
Loan Document without any Tax Deduction, unless a Tax Deduction is required by law.

(ii) The Borrower Agent shall promptly, upon any Obligor becoming aware that an
Obligor has had or will have to make a Tax Deduction (or that there has been or will be a
change in the rate at which or the basis on which any Tax Deduction has to be made), notify
the Agent accordingly. Similarly, a Lender shall notify the Agent upon becoming so aware
in respect of a payment payable to that Lender. If the Agent receives such notification
from a Lender it shall notify the Borrower Agent and the applicable Obligor.

(iii) If a Tax Deduction is required by law to be made by an Obligor, the amount of the
payment in respect of which the Tax Deduction is required to be made shall be increased to
the amount which (after making any Tax Deduction)

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will leave an amount equal to the payment
which would have been due if no Tax Deduction had been required.

     4.6 Status of Lenders. Any Foreign Lender that is entitled to an exemption from or reduction
of withholding tax under the law of the jurisdiction in which the Borrower is a resident for tax
purposes, or any treaty to which such jurisdiction is a party, with respect to payments hereunder
or under any other Loan Document shall deliver to the Borrower Agent (with a copy to the Agent), at
the time or times prescribed by applicable law or reasonably requested by the Borrower Agent or the
Agent, such properly completed and executed documentation prescribed by applicable law as will
permit such payments to be made without withholding or at a reduced rate of withholding. In
addition, any Lender, if requested by the Borrower Agent or the Agent, shall deliver such other
documentation prescribed by applicable law or reasonably requested by the Borrower Agent or the
Agent as will enable the Borrower or the Agent to determine whether or not such Lender is subject
to backup withholding or information reporting requirements.

Without limiting the generality of the foregoing, in the event that the Borrower is resident for
tax purposes in the United States, any Foreign Lender shall deliver to the Borrower and the Agent
(in such number of copies as shall be requested by the recipient) on or
prior to the date on which such Foreign Lender becomes a Lender under this Agreement (and from time
to time thereafter upon the request of the Borrower or the Agent, but only if such Foreign Lender
is legally entitled to do so), whichever of the following is applicable:

     (i) duly completed copies of Internal Revenue Service Form W-8BEN claiming eligibility for
benefits of an income tax treaty to which the United States is a party,

     (ii) duly completed copies of Internal Revenue Service Form W-8ECI,

     (iii) in the case of a Foreign Lender claiming the benefits of the exemption for portfolio
interest under section 881(c) of the Code, (x) a certificate to the effect that such Foreign Lender
is not (A) a “bank” within the meaning of section 881(c)(3)(A) of the Code, (B) a “10 percent
shareholder” of the Borrower within the meaning of section 881(c)(3)(B) of the Code, or (C) a
“controlled foreign corporation” described in section 881(c)(3)(C) of the Code and (y) duly
completed copies of Internal Revenue Service Form W-8BEN, or

     (iv) any other form prescribed by applicable law as a basis for claiming exemption from or a
reduction in United States Federal withholding tax duly completed together with such supplementary
documentation as may be prescribed by applicable law to permit the Borrower Agent to determine the
withholding or deduction required to be made.

     4.7 Minimum Amounts. Each borrowing of, or conversion into, any Prime Lending Rate Loan shall
be in an amount in the Funding Currency equal to at least One

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Hundred Thousand Dollars ($100,000)
or a multiple of One Hundred Thousand Dollars ($100,000) in excess thereof, and each borrowing of,
conversion into, or continuation of, a MIBOR Rate Loan shall be in an amount in the Funding
Currency equal to at least Five Hundred Thousand Dollars ($500,000) or a multiple of One Hundred
Thousand Dollars ($100,000) in excess thereof, in each case calculated in accordance with the
Exchange Rate; provided that fluctuations in the unpaid principal balance of any MIBOR Rate Loan
resulting from the translation calculations set forth in Section 3.3 shall not affect the
Borrower’s ability to request a continuation of a MIBOR Rate Loan as a result of it not meeting the
minimum amount or multiple amount requirements of this Section 4.7.

     4.8 Certain Requests and Notices. (a) The Borrower or the Borrower Agent on behalf of the
Borrower will request borrowings and give notice to the Agent of all terminations or reductions of
the Commitment or conversions, continuations and prepayments of Loans and duration of Interest
Periods substantially in the form of Exhibits 4.8-A and 4.8-B hereto, as applicable (each a “Loan
Request”). Each such notice shall be irrevocable and shall be effective only if received by the
Agent not later than 11:00 a.m. Mumbai time (i) on the Business Day prior to the effective date of
the requested termination or reduction of the Commitment, (ii) on the same day if it is a notice of
a borrowing or prepayment of a Prime Lending Rate Loan (except that if such date is not a Business
Day, then on the next Business Day), or (ii) three (3) Business Days prior to the requested
effective date for a borrowing or prepayment of, conversion
into or continuation of a MIBOR Rate Loan or any selection of an Interest Period for a MIBOR
Rate Loan. Any such Loan Request for a borrowing of, conversion into or continuation of a MIBOR
Rate Loan shall specify, (i) the amount of principal which shall comprise the MIBOR Rate Loan, (ii)
the date on which the rate is to become effective, and (iii) the Interest Period for such MIBOR
Rate Loan. For purposes of calculating the number of Business Days, the date the notice is
received shall be included if received not later than 11:00 a.m. Mumbai time and excluded if
received after 11:00 a.m. Mumbai time.

          (b) Fundings by Lenders. Subject to its receipt of notice from Agent of a Loan Request for a
borrowing as provided in Section 4.8(a) (except in the case of a deemed request by the Borrower for
a Revolving Loan as provided herein, in which event no Notice of Borrowing need be submitted), each
Lender shall timely honor its Revolving Credit Commitment by funding its Pro Rata share of each
Revolving Loan that is properly requested by the Borrower or the Borrower Agent on behalf of the
Borrower and that the Borrower is entitled to receive under this Agreement. Agent shall endeavor
to notify Lenders of each Loan Request (or deemed request for a Borrowing), by 1:00 p.m. Mumbai
time on the proposed funding date (in the case of Prime Lending Rate Loans) or by 3:00 p.m. Mumbai
time at least 2 Business Days before the proposed funding date (in the case of MIBOR Rate Loans).
Each Lender shall deposit with Agent an amount equal to its Pro Rata share of the Revolving Loan
requested or deemed requested by the Borrower at Agent’s designated bank in immediately available
funds not later than 2:00 p.m. Mumbai time on the date of funding of such Revolving Loan, unless
Agent’s notice to the Lenders is received after 1:00 p.m. Mumbai time on the proposed funding date
of a Prime Lending Rate Loan, in which event the Lenders shall deposit with Agent their respective
Pro Rata shares of the requested Revolving Loan on or before

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11:00 a.m. Mumbai time on the next
Business Day. Subject to its receipt of such amounts from the Lenders, Agent shall make the
proceeds of the Revolving Loans received by it available to the Borrower by disbursing such
proceeds in accordance with the Borrower’s or Borrower Agent’s disbursement instructions set forth
in the applicable Loan Request. Neither Agent nor any Lender shall have any liability on account
of any delay by any bank or other depository institution in treating the proceeds of any Revolving
Loan as collected funds or any delay in receipt, or any loss, of funds that constitute a Revolving
Loan, the wire transfer of which was initiated by Agent in accordance with wiring instructions
provided to Agent. Unless Agent shall have been notified in writing by a Lender prior to the
proposed time of funding that such Lender does not intend to deposit with Agent an amount equal
such Lender’s Pro Rata share of the requested Revolving Loan (or deemed request), Agent may assume
that such Lender has deposited or promptly will deposit its share with Agent and Agent may in its
discretion disburse a corresponding amount to the Borrower on the applicable funding date. If a
Lender’s Pro Rata share of such Revolving Loan is not in fact deposited with Agent, then, if Agent
has disbursed to the Borrower an amount corresponding to such share, then such Lender agrees to
pay, and in addition the Borrower agrees to repay, to Agent forthwith on demand such corresponding
amount, together with interest thereon, for each day from the date such amount is disbursed by
Agent to or for the benefit of the Borrower until the date such amount is paid or repaid to Agent,
(a) in the case of the Borrower, at the interest rate applicable to such Revolving Loan and (b) in
the case of such Lender, at the Prime Lending Rate. If such Lender repays to Agent such
corresponding amount, such amount so repaid shall constitute a Revolving Loan, and if both
such Lender and the Borrower shall have repaid such corresponding amount, Agent shall promptly
return to the Borrower such corresponding amount in same day funds. A notice from Agent submitted
to any Lender with respect to amounts owing under this Section 4.8(b) shall be conclusive, absent
manifest error.

     4.9 Borrower Agent. The Borrower hereby irrevocably appoints Euronet Worldwide, Inc. and
Euronet Worldwide, Inc. agrees to act under this Agreement, as the agent and representative of the
Borrower for all purposes under this Agreement (in such capacity, “Borrower Agent”), including
requesting Revolving Loans, selecting whether any Loan is to be a Prime Lending Rate Loan or a
MIBOR Rate Loan, and receiving account statements and other notices and communications to the
Borrower from Agent. Agent may rely, and shall be fully protected in relying, on any Loan Request,
disbursement instructions, reports, information, or any other notice or communication made or given
by Borrower Agent, either in its own name or on behalf of the Borrower, and Agent shall have no
obligation to make any inquiry or request any confirmation from or on behalf of the Borrower as to
the binding effect on the Borrower of any such Loan Request, instruction, report, information, or
other notice or communication; provided that the provisions of this Section 4.9 shall not be
construed so as to preclude the Borrower from directly requesting Borrowings or taking other
actions permitted to be taken by “the Borrower” hereunder.

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ARTICLE 5

FEES; COLLATERAL

     5.1 Fees.

          (a) [Intentionally Omitted.]

          (b) Unused Commitment Fees. The Borrower shall pay to the Agent an unused commitment fee
equal to (i) the average daily unused portion of the aggregate Revolving Credit Commitments under
the Credit Agreement, computed on the last day of each fiscal quarter of the Borrower Agent, based
upon the daily utilization for such fiscal quarter as calculated by the Agent, times (ii) a rate
per annum equal to the Applicable Margin calculated for the applicable quarterly or other period.
Such unused commitment fee shall accrue from the Original Closing Date to the Revolving Credit
Termination Date, and shall be due and payable quarterly in arrears on the last Business Day of
each fiscal quarter of the Borrower, commencing on April 30, 2006, with the final payment to be
made on the Revolving Credit Termination Date. The unused commitment fees provided for in this
subsection shall accrue at all times after the Closing Date, including any time during which one or
more of the conditions in Article 6 are not met.

          (c) Letter of Credit Fees. The Borrower agrees to pay to the Agent a fee in an amount equal
to (i) the undrawn amount of all outstanding Letters of Credit, times (ii) a rate per annum equal
to the Applicable Margin calculated for the applicable quarterly or other period.

     5.2 Additional MIBOR Rate Loan Costs.

          (a) The Borrower shall pay to the Agent for the benefit of the Lenders from time to time,
upon request of the Agent, an administrative fee of Three Hundred Dollars ($300) plus such amounts
as the Agent may determine to be necessary to compensate the Lenders for any loss, cost or expense
which the Lenders incur (including, without limitation, any loss, cost or expense incurred by
reason of the liquidation or re-employment of deposits, but excluding loss of anticipated profits)
that is attributable to (A) any payment, prepayment or conversion of a MIBOR Rate Loan made by the
Borrower for any reason on a date other than the last day of an Interest Period for such Loan or
(B) any failure by the Borrower for any reason (including, without limitation, the failure of any
condition specified in Article 6 hereof to be satisfied) to borrow, continue or convert a MIBOR
Rate Loan on the date therefor specified in the request for borrowing or notice given pursuant to
Section 4.8 hereof. Such compensation may include an amount equal to the excess, if any, of (i)
the amount of interest which would have accrued on the amount so prepaid, or not so borrowed,
converted or continued, for the period from the date of such prepayment or of such failure to
borrow, convert or continue to the last day of the applicable Interest Period (or, in the case of
a failure to borrow, convert or continue, the Interest Period that would have commenced on the
date of such failure) in each case at the applicable rate of interest for such Loans provided for
herein (excluding, however, the Applicable Margin included therein, if any) over (ii) the amount
of interest (as reasonably determined by the

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Agent) which would have accrued to the Lenders on
such amount by placing such amount on deposit for a comparable period with leading banks in the
interbank Rupee market. The covenants of the Borrower set forth in this Section 5.2 shall survive
the termination of this Agreement and the payment of the Loans and all other amounts payable
hereunder. The Agent will notify the Borrower Agent of any event which will entitle the Agent or
the Lenders to compensation pursuant to this Section 5.2 as promptly as practicable after the
Agent determines to require such compensation and will furnish the Borrower Agent with a
certificate setting forth in reasonable detail the basis and amount of such compensation.

          (b) Determinations by the Agent of the effect of any Regulatory Change (i) on its rate of
return, (ii) on its cost of maintaining the MIBOR Rate Loans, (iii) on its obligation to make
MIBOR Rate Loans or (iv) on amounts receivable by it in respect of the MIBOR Rate Loans and
determinations of the amounts required to compensate the Agent or the Lenders under this Section
5.2 shall be conclusive, provided that such determinations are made on a reasonable basis and are
set forth in reasonable detail in the certificates referred to in Section 5.2(a) above.

          (c) Anything herein to the contrary notwithstanding, if it becomes unlawful for the Agent or
any Lender to honor its obligation to make or maintain MIBOR Rate Loans hereunder or if, on or
prior to the determination of any MIBOR Rate for any Interest Period, the Agent determines (which
determination shall be conclusive) that quotations of interest rates for the relevant deposits
referred to in the definition of “MIBOR Rate” in Exhibit 1 hereto are not being provided in the
relevant amounts or for the relevant maturities for purposes of determining rates of interest for
MIBOR Rate Loans, then the Agent shall give the Borrower Agent prompt notice thereof, and, so long
as such condition remains in effect, the Agent and the Lenders shall be under no obligation to
make additional MIBOR Rate Loans, to continue MIBOR Rate
Loans or to convert Prime Lending Rate Loans into MIBOR Rate Loans, and the Borrower shall,
on the last day(s) of the then current Interest Period(s) for the outstanding MIBOR Rate Loans,
either prepay such Loans or convert such Loans into Prime Lending Rate Loans.

     5.3 Reserve Costs. If, by reason of (i) any change in the law or in its interpretation or
administration and/or (ii) compliance with any request from or requirement of the Reserve Bank of
India (for increasing the capital adequacy costs) or other fiscal, monetary or other authority
(including, without limitation, a request or requirement which affects the manner in which a Lender
or any affiliate allocates capital resources to any Lender’s obligations hereunder) and/or (iii)
unavailability of funding and/or (iv) capital adequacy charge and/or funding losses:

          (a) the Agent or any Lender or any affiliate incurs a cost as a result of such person having
entered into and/or performing its obligation under this Agreement and/or assuming or maintaining
the Commitment under this Agreement and/or in making any Loan or extending any Commitment
hereunder;

- 21 -

 

          (b) the Agent or any Lender or any affiliate is unable to obtain the rate of return on its
overall capital which it would have been able to obtain but for such person having entered into
this Agreement and/or performing its obligations hereunder and/or assuming or maintaining the
Commitment;

          (c) there is any increase in the cost to the Agent, any Lender or its affiliate of funding or
maintaining all or any of its participation in any Commitment hereunder; or

          (d) the Agent or any Lender or any of its affiliate becomes liable to make any payment on
account of tax or otherwise on or calculated by reference to the amount of the Commitment or any
Loan extended by the such person hereunder,

then the Borrower shall, from time to time on demand by the Agent, promptly pay to the Agent for
the benefit of any person making a claim under this Section 5.3, such amounts as are sufficient to
indemnify the Agent, any Lender or any of its affiliate against, as the case may be, (i) such
additional cost (ii) such reduction in rate of return, (iii) such increased cost, or (iv) such
liability. Neither the Agent nor any Lender nor any of their affiliates shall be under any
obligation to disclose information, which it reasonably considers to be confidential in connection
with its demand under this clause.

     5.4 Notice of Increased Costs. If a Lender intends to make any claim or demand pursuant to
Section 5.3 above, it shall notify the Borrower or the Borrower Agent of the reason thereof in
writing.

ARTICLE 6

CONDITIONS TO MAKING LOANS

     The Lenders’ obligation hereunder to make the Loans, extend credit and enter into transactions
referred to in Article 3 shall be subject to the satisfaction of the following conditions and, in
the case of the conditions set forth in Sections 6.4, 6.5, 6.7, 6.8 and 6.9, as of each
Disbursement Date and, in the case of the conditions set forth in Sections 6.4, 6.7, 6.8 and 6.9,
as of each date a Letter of Credit is issued, renewed or extended.

     6.1 Delivery of Loan Documents. The Borrower and the Borrower Agent shall have executed and
delivered to the Agent, as applicable, this Agreement, the Note and the Guaranty Agreement to which
the Borrower Agent is a party, all of which shall be in form and substance satisfactory to the
Agent and its counsel. The US Borrowers shall have executed and delivered to Bank of America
Amendment No. 8 to the US Credit Agreement and shall have satisfied any other conditions required
for the effectiveness of such Amendment. The Euro Borrowers shall have executed and delivered to
Bank of America Amendment No. 9 to the Euro Credit Agreement and shall have satisfied any other
conditions required for the effectiveness of such Amendment.

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     6.2 Proper Proceedings; Charter Documents. The Borrower shall have taken all corporate or
company proceedings necessary to authorize the Loan Documents and the transactions contemplated
hereby. The Borrower shall have delivered to the Agent certificates, dated the Closing Date and
signed by its Secretary, Managing Director, Director or other responsible officer, satisfactory to
the Agent, respecting such proceedings and the incumbency of the officers executing the Loan
Documents. The Borrower shall have delivered to the Agent copies of its memorandum and articles of
organization or association or other charter documents, including all amendments thereto, certified
by the appropriate officer, and copies of its bylaws or other constitutional documents, including
all amendments thereto, certified by the appropriate officer. The Agent shall have received
satisfactory results to all company and other final searches in relation to the Borrower as the
Agent may reasonably request.

     6.3 Legal Opinion. The Agent shall have received opinions from counsel to the Borrower, dated
as of the Closing Date, in form and substance satisfactory to the Agent and its counsel.

     6.4 No Adverse Changes; Representations; No Default. Since the date hereof, there shall have
been no material adverse change in the business, operations, financial condition or prospects of
the Borrower or the Euronet Entities taken as a whole. The representations and warranties
contained in Article 7 hereof shall be true and correct as though made on and as of the Closing
Date or such Disbursement Date or such date of issuance, renewal or extension of a Letter of
Credit, as the case may be, except that the representations and warranties set forth in the first
sentence of Section 7.4(b), Section 7.7 and Section 7.8 (which relate to disclosure Schedules 7.4,
10.1 and 7.8) are not required by this Section 6.4 to be made as of any Disbursement Date or such
date of issuance, renewal or extension of a Letter of Credit. No Default or Event of Default shall
have occurred and be continuing. The Agent shall have received certifications of the Borrower
Agent in form satisfactory to the Agent and dated the Closing Date or the date
of the request for borrowing or for issuing, renewing or extending a Letter of Credit, as
applicable, certifying as to each matter set forth in this Section 6.4, which certifications may be
included in the Loan Request described in Section 4.8 hereof.

     6.5 Notice of Borrowing. Agent shall have received the Loan Request described in Section 4.8
hereof.

     6.6 [Intentionally Omitted.]

     6.7 No Material Impairment. The Agent shall have determined that the prospect of payment of
the Loans has not been materially impaired.

     6.8 Required Consents and Approvals. All consents, approvals and authorizations of any
Governmental Authority or any other Person necessary in connection with the execution and
performance of the Loan Documents, the consummation of the transactions contemplated hereby or the
making of the Loans hereunder shall have been obtained and shall be in full force and effect.

- 23 -

 

     6.9 Legality. The making of any Loan shall not subject the Agent or any Lender to any penalty
or special tax, shall not be prohibited by any law or governmental order or regulations applicable
to the Agent, any Lender or to the Borrower and shall not violate any voluntary credit restraint
program of the executive branch of the government of the United States or any other Governmental
Authority, and all necessary consents, approvals and authorizations of any Governmental Authority
to or of such Loan shall have been obtained.

     6.10 General. All instruments and legal and corporate proceedings in connection with the
transactions contemplated by this Agreement shall be satisfactory in form and substance to the
Agent and its counsel, and the Agent shall have received copies of all other documents, including
records of corporate proceedings and opinions of counsel, which the Agent may have requested in
connection therewith, such documents where appropriate to be certified by proper corporate or
governmental authorities, and such other conditions shall have been fulfilled as may have been
requested by the Agent.

ARTICLE 7

REPRESENTATIONS AND WARRANTIES

     Each Borrower Party (except as specifically set forth herein) represents and warrants to the
Agent and the Lenders that:

     7.1 Corporate Existence and Standing. Each Borrower Party is a corporation or company duly
incorporated or organized, validly existing and in good standing under the laws of its jurisdiction
of incorporation or organization and has all requisite authority to own its property and to carry
on its business in each jurisdiction where the failure to so qualify would have a material adverse
effect on its business, properties, assets, operations or condition (financial or otherwise).
Borrower Agent represents and warrants to the Agent and the Lenders that each Euronet Entity is an
entity duly created, validly existing and in good standing under the laws of its jurisdiction of
organization and has all requisite authority to own its property and to carry on its
business in each jurisdiction where the failure to so qualify would have a material adverse
effect on its business, properties, assets, operations or condition (financial or otherwise).

     7.2 Authorization and Validity. Each Borrower Party has the power and authority and legal
right to execute and deliver the Loan Documents to which it is a party and to perform its
obligations thereunder. Such execution and delivery have been duly authorized by proper
proceedings, and the Loan Documents constitute the legal, valid and binding obligations of each
Borrower Party, enforceable against each of them in accordance with their respective terms, except
as such enforceability may be limited by (i) bankruptcy, insolvency, reorganization, receivership,
liquidation, moratorium, and other similar laws affecting the rights and remedies of creditors
generally and (ii) by general principles of equity (regardless of whether such enforcement is
considered in equity or at law).

     7.3 No Conflict; Governmental Consent. The execution, delivery and performance of the Loan
Documents will not violate any law, rule, regulation, order, writ,

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judgment, injunction, decree or
award binding on any Borrower Party, any provision of each Borrower Party’s respective articles or
certificate of incorporation or organization, by-laws or other charter documents, or the provisions
of any indenture, instrument or other written or oral agreement to which any Borrower Party is a
party or is subject or by which any Borrower Party or any of its property is bound, or conflict
therewith or constitute a default thereunder, or result in the creation or imposition of any Lien
in, of or on any of its property pursuant to the terms of any such indenture, instrument or
agreement. No order, consent, approval, license, authorization or validation of, or filing,
recording or registration with, or exemption by, any Governmental Authority is required by or in
respect of the Borrower to authorize or is required in connection with the execution, delivery and
performance of or the enforceability of any of the Loan Documents.

     7.4 Compliance with Laws; Environmental and Safety Matters.

          (a) Each Borrower Party represents and warrants to the Agent and the Lenders that each Euronet
Entity, has complied with all applicable statutes, rules, regulations, orders and restrictions of
any domestic or foreign government or Governmental Authority having jurisdiction over the conduct
of its businesses or the ownership of its respective properties except to the extent that such
non-compliance will not have a material adverse effect on the financial condition or business
operations of Borrower, on a consolidated basis or on the Euronet Entities on a consolidated basis.

          (b) Each Borrower Party has, except as disclosed in Schedule 7.4 hereto and to each Borrower
Party’s actual knowledge, complied with all federal, national, state, local and other statutes,
ordinances, orders, judgments, rulings and regulations relating to environmental pollution,
environmental regulation or control, or employee health or safety, except to the extent that such
non-compliance will not have a material adverse effect on the financial condition or business
operations of the Borrower; no Borrower Party has received any written notice of any failure so to
comply except as disclosed in Schedule 7.4 hereto; and no Borrower Party’s facilities treat, store
or dispose of any hazardous wastes, hazardous substances, hazardous materials, toxic substances,
toxic pollutants or substances (“Hazardous Materials”) similarly denominated, as those terms
or similar terms are used in RCRA, CERCLA, the Hazardous Materials Transportation Act, the Toxic
Substances Control Act, the Clean Air Act, the Clean Water Act, the Occupational Safety and Health
Act or any other state, local or federal applicable law, ordinance, rule or regulation relating to
environmental pollution, environmental regulation or control or employee health and safety
applicable in the US or any other applicable jurisdiction, including without limitation, India
(“Environmental Laws”) in a quantity or manner that requires a permit, registration, or another
notification or authorization from a Governmental Authority except for the treatment, storage, or
disposal of Hazardous Materials in a quantity or manner which, if in non-compliance with
Environmental Laws, would not have a material adverse effect on the Borrower’s financial condition
or business operations, taken as a whole, except as disclosed in Schedule 7.4 hereto. The conduct
of the business and the condition of the property of the Borrower do not violate any Environmental
Laws or any judicial interpretation thereof relating primarily to the environment or Hazardous
Materials. The Borrower is not aware

- 25 -

 

of any events, conditions or circumstances involving
environmental pollution or contamination or employee health or safety that could reasonably be
expected to result in material liability on the part of the Borrower. Borrower Agent, with respect
to each Euronet Entity, makes the same representations and warranties made by the Borrower herein.

     7.5 US GAAP Financial Statements. The Borrower Parties have heretofore furnished to the Agent
(a) (i) an audited consolidated balance sheet and related consolidated statements of earnings and
cash flows for all of the Euronet Entities as a group, and (ii) as shown on Schedule 7.5, (A) an
unaudited balance sheet and related statements of earnings and cash flows for the Borrower and (B)
a balance sheet and statement of earnings and cash flows for the Borrower Agent, each as of and for
the Borrower Agent’s fiscal year ended December 31, 2005, and (b) (i) an unaudited consolidated
balance sheet and unaudited statements of earnings and cash flows for all of the Euronet Entities
as a group, and (ii) as shown on Schedule 7.5, (A) an unaudited combining balance sheet and
unaudited statements of earnings and cash flows for the Borrower and (B) an unaudited individual
balance sheet and unaudited statement of earnings and cash flows for the Borrower Agent, each as of
and for the quarter ended September 30, 2005. Such financial statements fairly state the financial
condition and results of operations of the applicable Person or Persons as of such dates and for
such periods. No applicable Euronet Entity had on said date any material (on a consolidated basis)
contingent liabilities, material (on a consolidated basis) liabilities for taxes, unusual forward
or long-term commitments or unrealized or anticipated losses from any unfavorable commitments,
except as referred to or reflected or provided for in said balance sheet or the notes thereto as at
said date or otherwise disclosed as required under the rules and regulations of the SEC. If any
such matters are not included in the financial statements of the Borrower Parties, but are
otherwise disclosed in a Borrower Party’s SEC filings or any other filings with the Registrar of
Companies in India, then the Borrower Parties will provide a copy of such filings to the Agent and
identify the relevant disclosure. Such financial statements were prepared in accordance with GAAP
applied on a consistent basis. Since September 30, 2005, no material adverse change has occurred
in the business, properties, financial condition, prospects or results of operations of the
Borrower or the Euronet Entities (on a consolidated basis).

     7.6 Ownership of Properties; Collateral Liens. The Borrower has good title, free and clear of
all Liens (other than those permitted by Section 10.2 hereof), to all of the properties and assets
reflected in its financial statements as owned by it, and its interest in all other properties and
assets in or to which it has an interest as a lessee, licensee or otherwise is free and clear of
all Liens (other than those permitted under Section 10.2 hereof).

     7.7 Indebtedness. Except as disclosed on Schedule 10.1 or as otherwise permitted by Section
10.1, the Borrower does not have any Indebtedness for money borrowed or any direct or indirect
obligations under any leases or any agreements of guaranty or security except for the endorsement
of negotiable instruments in the ordinary course of business for deposit or collection. The
Indebtedness disclosed on Schedule

- 26 -

 

10.1 or that is otherwise permitted by Section 10.1 is not
superior in any right of payment or otherwise to any Indebtedness owing to the Agent or the
Lenders.

     7.8 Subsidiaries. The Euronet Entities’ corporate structure is as set forth on Schedule 7.8.
Except as described in Schedule 7.8, all of the issued and outstanding shares of capital stock or
other ownership interests of each Euronet Entity has been duly authorized and issued and are fully
paid and non-assessable, free and clear of all liens, restrictions and rights.

     7.9 Litigation. Monetary loss arising from any litigation, arbitration, mediation,
governmental investigations, proceedings or inquiries before any Governmental Authority, arbitrator
or mediator that are pending or, to the knowledge of any of any Borrower Party’s officers,
threatened against or affecting the Borrower (other than those covered by insurance, but only to
the extent so covered) is not reasonably expected to exceed, in the aggregate, One Million Dollars
($1,000,000).

     7.10 Material Agreements; Labor Matters. Any agreement or instrument of the Borrower that has
or is likely to have a material effect on the assets, prospects, business, operations, financial
condition, liabilities or capitalization of the Borrower is referred to in this Section 7.10 as a
“Material Contract.” The Borrower is not in default under any Material Contract in any manner that
could materially and adversely affect its assets, prospects, business, operations, financial
condition, liabilities or capitalization of the Borrower or in any manner that could jeopardize the
Borrower’s right to require the performance, observance or fulfillment of any of the obligations,
covenants or conditions contained in any Material Contract. There are no strikes or walkouts
relating to any labor contracts (other than individual employment agreements) with the Borrower
pending or threatened, and no labor contracts (other than individual employment agreements) are
scheduled to expire during the term of this Agreement, and the Borrower Parties have no knowledge
of, or reason to know of (in each case after a reasonable investigation), any efforts that are
being made by any employees to form a union or collectively bargain with the Borrower.

     7.11 Investment Company Act; Public Utility Holding Company Act. The Borrower is not an
“investment company” or a company “controlled” by an “investment company,” within the meaning of
the Investment Company Act of 1940, as amended, or a “holding company,” a “subsidiary company” of a
“holding company” or an “affiliate” of
a “holding company” or of a “subsidiary company” of a “holding company,” within the meaning of
the Public Utility Holding Company Act of 1935, as amended.

     7.12 Taxes. The Borrower has, and the Borrower Agent represents and warrants that each
Euronet Entity has, filed all United States federal tax returns and all other tax returns which, to
each Borrower Party’s actual knowledge, are required to be filed and paid all taxes due pursuant to
said returns or pursuant to any assessment received by it, including without limitation all federal
and state withholding taxes and all taxes required to be paid pursuant to applicable law, except
such taxes, if any, as are being contested in good faith, by appropriate proceedings and as to
which adequate charges, accruals and reserves have been set aside. No tax Liens have been filed,
and no

- 27 -

 

claims are being asserted with respect to any such taxes, except such tax Liens and claims
that will not have a material adverse effect in the aggregate, on the assets, business, operations
or financial condition of the Borrower or on the Euronet Entities on a consolidated basis. The
charges, accruals and reserves on the books of the Borrower, and of the Euronet Entities, on a
consolidated basis, in respect of any taxes or other governmental charges are adequate.

     7.13 Accuracy of Information. No information, exhibit or report furnished by any Borrower
Party to the Agent or any Lender in connection with the negotiation of the Loan Documents contained
any material misstatement of fact or omitted to state a material fact or any fact necessary to make
the statements contained therein not misleading.

     7.14 Employee Benefit Plans. The Borrower does not maintain, sponsor or contribute to any
Defined Benefit Pension Plan.

     7.15 No Undisclosed Dividend Restrictions. Except for limitations on the payment of dividends
under applicable corporate statutes or other laws, rules or regulations of any Governmental
Authority with respect to companies or other business entities, no Borrower Party is subject to any
agreement, covenant or understanding that limits or restricts its ability to declare or pay
dividends.

     7.16 Absence of Default or Event of Default. No Default and no Event of Default has occurred
and is continuing.

     7.17 Disclosure. The pro forma financial information contained in financial statements
delivered to the Agent and any Lender, is, and will be, based upon good faith estimates and
assumptions believed by each Borrower Party to be reasonable at the time made. There is no fact
known to any Borrower Party (other than matters of a general economic nature) that has had or could
reasonably be expected to have a material adverse effect and that has not been disclosed herein or
in such other documents, certificates and statements furnished to the Agent or the Lenders for use
in connection with the transactions contemplated by this Agreement.

     7.18 Solvency. Based upon its financial and accounting records, each Borrower Party,
individually, has assets of a value that exceeds the amount of its liabilities (excluding, for
purposes of this representation, all intercompany loans from
liabilities). Each Borrower Party reasonably anticipates that it will be able to meet their
respective debts as they mature. Each Borrower Party has adequate capital to conduct the business
in which it is engaged.

     7.19 Margin Regulations. Neither the making of the Loans hereunder, nor the use of the
proceeds thereof, will violate or be inconsistent with the provisions of Regulation T, U or X. No
part of the proceeds of any Loan will be used, whether directly or indirectly, and whether
immediately, incidentally or ultimately, to purchase or to extend credit to others for the purpose
of purchasing or carrying Margin Stock (as defined in said Regulation U).

- 28 -

 

     7.20 Copyrights, Patents and Other Rights. Each Borrower Party possesses all licenses,
patents, patent rights and patent licenses, trademarks, trademark rights and licenses, trade
names, copyrights and all other intellectual property rights which are required or desirable to
conduct its business as presently conducted; to the best of its knowledge, such rights do not
infringe on or conflict with the rights of any other Person; and each Borrower Party has, and is
current and in good standing with respect to, all governmental approvals, permits and certificates
required to conduct its businesses as heretofore conducted.

     7.21 Fiscal Year. Each Euronet Entity has a fiscal year which ends on December 31, except as
otherwise required for tax or other reporting purposes imposed by any statute, rule, regulation,
order or restriction of any foreign government or Governmental Authority applicable to a Foreign
Subsidiary of the Borrower Agent.

ARTICLE 8
AFFIRMATIVE COVENANTS

     Unless the Agent and the Required Lenders shall otherwise consent in writing, each Borrower
Party agrees that it will:

     8.1 Conduct of Business and Maintenance of Properties. Carry on and conduct its business in
substantially the same manner and in substantially the same fields of enterprise as it is presently
conducted and do all things necessary to remain duly incorporated, validly existing and in good
standing in its jurisdiction of organization and maintain all requisite authority to conduct its
business in each jurisdiction in which its business is conducted; maintain, preserve, protect and
keep its properties in good repair, working order and condition; and comply in all material
respects with all agreements and instruments to which it is a party.

     8.2 Insurance. Maintain with financially sound and reputable insurance companies, insurance
on all its property, covering such liabilities and such risks (including business interruption
risks) and in such amounts as is consistent with sound business practice and reasonably
satisfactory to the Agent and furnish to the Agent upon request full information as to the
insurance carried.

     8.3 Compliance with Laws and Taxes. Comply with, and the Borrower Agent shall cause each
Euronet Entity to comply with, any and all laws, statutes, rules,
regulations, orders, judgments, decrees and awards, a violation of which, in any respect,
taken as a whole, may materially and adversely affect the Borrower’s business, assets, operations
or condition, financial or otherwise, including, without limitation, those regarding the
collection, payment and deposit of employees’ income, unemployment, and Social Security taxes and
those regarding environmental matters; pay when due all taxes, assessments and governmental charges
and levies upon it or its income, profits or property, except those which are being contested in
good faith by appropriate proceedings and with respect to which adequate reserves have been set
aside; make a timely payment or deposit of all FICA payments and withholding taxes required of it

- 29 -

 

under applicable law; and, upon request, furnish to the Agent evidence satisfactory to the Agent
that such payments have been made.

     8.4 Financial Statements, Reports, etc. Maintain, and Borrower Agent shall cause each Euronet
Entity to maintain, a system of accounting established and administered in accordance with GAAP (as
adopted in the United States) and furnish to the Agent:

          (a) Annual and Consolidating Financial Statements. Within seventy-five (75) days after the
close of the fiscal year of the Borrower Agent, (i) audited financial statements of the Euronet
Entities as a group, prepared in accordance with GAAP, including a balance sheet and statements of
stockholders’ equity, income and cash flows, prepared on a consolidated basis and setting forth in
comparative form the corresponding figures for the preceding fiscal year, all in reasonable detail,
accompanied by an unqualified opinion thereon or an unqualified opinion with explanatory language
added to the auditors’ standard report of independent certified public accountants satisfactory to
the Agent, which opinion shall state that the financial statements fairly present the financial
condition and results of operations and cash flows of the Euronet Entities as a group as of the end
of and for such fiscal year in conformity with GAAP, and a certificate of such accountants stating
that, in making the examination necessary for their opinion, they obtained no knowledge, except as
specifically stated, of any Default or Event of Default continuing as of the date of such
certificate, (ii) unaudited financial statements of the Borrower, prepared in accordance with GAAP,
including a balance sheet and statements of stockholders’ equity, income and cash flows, in the
format contained in Schedule 7.5, and (iii) unaudited individual financial statements of the
Borrower Agent, prepared in accordance with GAAP, including a balance sheet and statements of
stockholders’ equity, in the format contained in Schedule 7.5.

          (b) Quarterly Reporting. Within forty-five (45) days after the end of each fiscal quarter,
(i) (a) consolidated financial statements for the Euronet Entities as a group, (b) financial
statements for the Borrower, in the format contained in Schedule 7.5 and (c) an individual
financial statement for the Borrower Agent, in the format contained in Schedule 7.5, in each case
for the quarter then ended, including a balance sheet and statements of stockholders’ equity,
income and cash flows for such quarter and for the period from the beginning of the respective
fiscal year to the end of such quarter, setting forth in each case in comparative form the
corresponding figures for the corresponding period in the preceding fiscal year, accompanied by
(ii) a certificate of the chief financial officer or treasurer of the Borrower Agent, as
applicable, stating that said financial statements set forth in subparagraph (i) above, fairly
present the financial
condition and results of operations of the applicable entity or entities in accordance with
GAAP consistently applied, as of the end of and for such period (subject to normal year-end
adjustments and to the absence of footnote disclosures) and that, to the best of such officer’s
knowledge, no Default or Event of Default has occurred under this Agreement or, if any Default or
Event of Default exists, stating the nature and status thereof, and (iii) the most recent 10Q or
10K, as applicable, filed by any Borrower Party with the SEC.

          (c) [Intentionally Omitted.]

- 30 -

 

          (d) Compliance Certificate. Together with each set of financial statements required under
paragraphs (a) and (b) of this Section 8.4, a compliance certificate of the Borrower Agent in
substantially the form of Exhibit 8.4 (a “Compliance Certificate”), signed on its behalf by the
chief financial officer or treasurer of the Borrower Agent, showing the calculations necessary to
determine compliance with all financial covenants contained in Article 9 of this Agreement and
stating that (i) all of the representations and warranties set forth in Article 7 hereof (including
those referring to the Schedules to this Agreement) with respect to each Borrower Party, shall be
true and correct as though made on and as of the date of the Compliance Certificate, except for
matters specifically updated or described in the Compliance Certificate, (ii) that no default or
event of default exists pursuant to the Convertible Senior Debenture Documents or any Convertible
Debenture Documents or, if any such default or event of default exists, stating the nature and
status thereof, and (iii) that no other Default or Event of Default exists or, if any other Default
or Event of Default exists, stating the nature and status thereof.

          (e) SEC and Other Filings. Upon the request of the Agent, and as set forth in Section 8.4(b),
copies of all registration statements and annual, periodic or other regular reports, final proxy
statements and such other similar information as shall be filed by any Borrower Party with the
Securities and Exchange Commission (the “SEC”), any national securities exchange or (to the extent
not duplicative) any other similar U.S. or foreign Governmental Authority and copies of all
notices, financial statements, reports and proxy statements so mailed.

          (f) Litigation. Prompt notice of all legal, arbitration or mediation proceedings and of all
proceedings by or before any Governmental Authority affecting the Borrower which, if adversely
determined, could reasonably be expected to result in a monetary loss in an amount in excess of One
Million Dollars ($1,000,000) in the aggregate for all such proceedings and of the issuance by any
Governmental Authority of any injunction, order or other restraint prohibiting, or having the
effect of prohibiting or delaying, any action on the part of any Borrower Party, which injunction,
order or restraint could reasonably be expected to materially and adversely affect the business,
properties or affairs of any Borrower Party (on a consolidated or unconsolidated basis) or the
institution of any proceedings seeking any such injunction, order or other restraint.

          (g) Reportable Events. If at any time after the Closing Date, any Borrower Party adopts,
sponsors or contributes to any Defined Benefit Pension Plan, as soon as possible and in any event
within ten (10) days after such Borrower Party knows that any Reportable Event has occurred with
respect to any such Defined Benefit Pension
Plan, a statement, signed by an authorized officer of such Borrower Party, describing said
Reportable Event and the action which such Borrower Party proposes to take with respect thereto.

          (h) Environmental Notices. As soon as possible and in any event within ten (10) days after
receipt, a copy of (i) any notice or claim to the effect that any Borrower Party is or may be
liable to any person as a result of the release by such Borrower Party, or any other Person of any
toxic or hazardous waste or substance into the

- 31 -

 

environment or that all or any of its properties is
subject to an Environmental Lien or (ii) any notice alleging any violation of any federal, state or
local environmental, health or safety law or regulation by any Borrower Party after the Closing
Date.

          (i) Other Information. Such other information (including consolidating financial reports and
other financial information) as the Agent may from time to time reasonably request.

     On request of the Agent, the Borrower Parties shall deliver a letter to the Borrower Parties’
accountants (i) authorizing them to provide to Agent the financial statements set forth in Section
8.4(a)(i), (ii) directing them to send to the Agent true, correct, and exact copies of any and all
financial statements and reports which are prepared as a result of any audit or other review of
operations, finances or internal controls of the Borrower Parties (specifically including any
reports dealing with improper accounting or financial practices, defalcation, financial
irregularities, financial reporting errors or misstatements or fraud), and (iii) authorizing the
Agent and each Lender to rely on financial statements of the Borrower Parties issued by such
accountants, which letter shall be acknowledged and consented to in writing by such accountants.

     8.5 Other Notices. Give prompt notice in writing to the Agent of the occurrence of any
Default or Event of Default and of any other development, financial or otherwise, which might
materially and adversely affect its business, properties or affairs of the Borrower or any other
Obligor or the ability of the Borrower or any other Obligor to repay the Obligations, including,
without limitation, the occurrence of any default or event of default under any Convertible Senior
Debenture Document or Convertible Debenture Documents.

     8.6 Access to Properties and Inspections. Permit the Agent to make reasonable inspections of
the properties, corporate books and financial records of the Borrower Parties, to make reasonable
examinations and copies of their respective books of account and other financial records and to
discuss their respective affairs, finances and accounts with, and to be advised as to the same by,
their officers, auditors, accountants and attorneys at such reasonable times and intervals as the
Agent may designate. All of the Agent’s reasonable expenses incurred for domestic travel in
connection with such audits and inspections of the Borrower Parties shall be paid for by the
Borrower Parties.

     8.7 Use of Proceeds. Use the proceeds of the Revolving Loans to pay intercompany indebtedness
existing on the date of this Agreement as permitted by this Agreement, to provide working capital
and for other corporate purposes; provided, that no proceeds of the Revolving Loans shall be used
by the Borrower to directly or
indirectly make any Investments (other than Investments permitted pursuant to Section 10.9(f))
in, and no Letters of Credit shall be requested on behalf of, or for the benefit of, Euronet
Payments & Remittance, Inc. (formerly known as TELECOMMUSA, LTD.) or in any other person that is a
“Money services business” (as defined in 31 C.F.R. §103.11(uu) as amended, restated or replaced
from time to time).

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     8.8 Payment of Claims. Promptly pay when due all lawful claims, whether for labor, materials
or otherwise.

     8.9 Maintain Lender Accounts. Each Borrower Party shall maintain its principal depository and
operating accounts with Bank of America. The Borrower Agent shall cause each Euronet Entity to
maintain its principal depository and operating accounts with Bank of America; provided, however, a
Euronet Entity that is a Foreign Subsidiary may, upon prior notice to Bank of America, maintain
accounts with other depository institutions necessary for the proper maintenance of such Foreign
Subsidiary’s business.

ARTICLE 9

FINANCIAL COVENANTS

     9.1 Euronet Consolidated Financial Covenants. The Euronet Entities on a consolidated basis
shall, so long as this Agreement shall remain in effect or any Obligations shall be unpaid:

          (a) (i) Consolidated Senior Funded Debt/EBITDA Ratio. Maintain as of the last day of each
fiscal quarter, a Consolidated Senior Funded Debt/EBITDA Ratio no greater than 2.50 to 1.00 for
each fiscal quarter, determined in accordance with GAAP.

“Consolidated Senior Funded Debt/EBITDA Ratio” means the ratio of (i) the aggregate outstanding
principal amount of Senior Funded Debt of the Euronet Entities as of the last day of the applicable
fiscal quarter to (ii) EBITDA of the Euronet Entities for the four (4) quarters ending on such date
plus the pro forma amount of historic EBITDA for the four (4) quarters ending on such date, of any
Euronet Entity acquired during such fiscal quarter or during any of the three (3) prior fiscal
quarters.

“Senior Funded Debt” means, without duplication, all long term and current Indebtedness of the
Euronet Entities as described in subsections (i), (iii), (iv), (v) and (vi) of the definition of
“Indebtedness” set forth in Exhibit 1 hereto (including Indebtedness to shareholders), less any
proceeds of any Indebtedness incurred by the Borrower Agent in connection with the issuance and
sale of the Convertible Senior Debentures held by the Borrower Agent in the Proceeds Account, and
excluding (A) Indebtedness incurred pursuant to Convertible Debentures permitted by Section 10.1(n)
of the US Credit Agreement, (B) any Indebtedness as described in subsection (iv) of the definition
of “Indebtedness” to the extent such Indebtedness is already included in subsections (i) or (iii)
of the definition of “Indebtedness”, (C) any Indebtedness as described in subsection (v) of the
definition of “Indebtedness” to the extent such Indebtedness is already included in subsections
(i), (iii) or (iv) of the definition of “Indebtedness” and (D) any
Indebtedness as described in subsections (iv) and (v) of the definition of “Indebtedness” to the
extent such Indebtedness secures or guarantees Indebtedness described in subsection (ii) of the
definition of “Indebtedness” or is Indebtedness described in Section 10.1(i), Section 10.2(o) and
Section 10.2(p).

- 33 -

 

          (ii) Consolidated Total Funded Debt/EBITDA Ratio. Maintain as of the last day of each fiscal
quarter, a Consolidated Total Funded Debt/EBITDA Ratio no greater than 3.25 to one for each fiscal
quarter, determined in accordance with GAAP. “Consolidated Total Funded Debt/EBITDA Ratio” means
the ratio of (i) the aggregate outstanding principal amount of Total Funded Debt of the Euronet
Entities as of the last day of the applicable fiscal quarter to (ii) EBITDA of the Euronet Entities
for the four (4) quarters ending on such date plus the pro forma amount of historic EBITDA for the
four (4) quarters ending on such date, of any Euronet Entity acquired during such fiscal quarter or
during any of the three (3) prior fiscal quarters. “Total Funded Debt” means, without duplication,
all Senior Funded Debt plus any Indebtedness incurred pursuant to Convertible Debentures permitted
by Section 10.1(n) of the US Credit Agreement less any proceeds of any Indebtedness incurred by the
Borrower Agent in connection with the issuance and sale of the Convertible Debentures permitted by
Section 10.1(n) of the US Credit Agreement held by the Borrower Agent in the Proceeds Account.

          (b) Consolidated Fixed Charge Coverage Ratio. Maintain as of the last day of each fiscal
quarter, a Consolidated Fixed Charge Coverage Ratio of at least 1.25 to 1.00, determined on a
consolidated basis in accordance with GAAP. “Consolidated Fixed Charge Coverage Ratio” means, as
of the last day of any fiscal quarter, for the Euronet Entities, the ratio of (i) EBITDAR for the
four (4) fiscal quarters ending on such day less cash Capital Expenditures made during such four
(4) fiscal quarters and tax expense (other than VAT taxes) paid and dividends paid during such four
(4) fiscal quarters to (ii) the sum of interest expense and rent payments paid during such four (4)
fiscal quarters, plus recurring payments of principal scheduled for the four (4) fiscal quarters
after such day, all as calculated in accordance with GAAP, plus 33 1/3 % of the Revolving Credit
Commitment.

          (c) Minimum Consolidated EBITDA. Maintain, for the Euronet Entities, (i) for the period
commencing the Closing Date and ending the last day of the first fiscal quarter to end after the
Closing Date a minimum trailing twelve month Consolidated EBITDA equal to at least $63,000,000 and
(ii) for each fiscal quarter thereafter a minimum trailing twelve month EBITDA equal to the greater
of (x) the minimum trailing twelve month EBITDA required hereunder for the previous fiscal quarter
or (y) 85% of the trailing twelve month Consolidated EBITDA as of the last day of the previous
fiscal quarter. “Consolidated EBITDA” means EBITDA of the Euronet Entities for each such period,
determined on a consolidated basis in accordance with GAAP.

     9.2 Minimum Borrower EBITDA. The Borrower shall, so long as this Agreement shall remain in
effect or any Obligations shall be unpaid, maintain as of the last day of each fiscal quarter set
forth in the grid below, a minimum trailing twelve month Borrower EBITDA for the Borrower equal to
at least the amount set forth opposite such fiscal quarter, determined in accordance with GAAP.

- 34 -

 

	 	 	 	 	 
	Fiscal Quarter	 	EBITDA
	June 30, 2006
	 	$	1,500,000	 
	September 30, 2006
	 	$	2,250,000	 
	December 31, 2006
	 	$	2,500,000	 
	March 31, 2007
	 	$	3,000,000	 
	June 30, 2007 and each fiscal quarter thereafter
	 	$	3,500,000	 

ARTICLE 10
NEGATIVE COVENANTS

     So long as this Agreement shall remain in effect or any of the Obligations shall be unpaid,
unless the Agent and the Required Lenders shall otherwise consent in writing, the Borrower (unless
otherwise specifically set forth herein) agrees that it will:

     10.1 Indebtedness. Not incur, create or suffer to exist any Indebtedness (other than to the
Lenders hereunder), except:

          (a) trade payables incurred in the ordinary course of business;

          (b) Indebtedness existing on the date of this Agreement and disclosed in Schedule 10.1 hereto;

          (c) intercompany Indebtedness to any direct or indirect Subsidiary of the Borrower Agent that
is (i) a “Borrower” or “Obligor” as such terms are defined in the US Credit Agreement (provided
that the conditions set forth in Section 6.11 of the US Credit Agreement have been satisfied with
respect to any such “Borrower” or “Obligor”) or (ii) a “Borrower” or “Obligor” as such terms are
defined in the Euro Credit Agreement (provided that the conditions set forth in Section 6.11 or
Section 8.10 of the Euro Credit Agreement have been satisfied with respect to any such “Borrower”
or “Obligor”);

          (d) Indebtedness under any Interest Rate Contract to the extent relating to, (i) outstanding
Indebtedness of the Borrower otherwise allowed under this Agreement, or (ii) Indebtedness for which
a lender has provided a commitment in an amount reasonably anticipated to be incurred by the
Borrower in the following twelve (12) months after such Interest Rate Contract has been entered
into, and such Indebtedness is otherwise allowed under this Agreement;

          (e) Indebtedness under other Hedging Agreements to the extent related to (i) Indebtedness of
the Borrower otherwise allowed under this Agreement, or (ii) obligations to purchase assets,
properties or services otherwise allowed under this Agreement; provided such Hedging Agreements do
not increase the Indebtedness
outstanding of the Borrower other than as a result of fluctuations in foreign currency

- 35 -

 

exchange rates or by reason of reasonable fees, indemnities and compensation payable thereunder;

          (f) Indebtedness in respect of performance bonds and surety bonds incurred in the ordinary
course of the Borrower’s business;

          (g) Indebtedness consisting of guarantees, indemnities or obligations in respect of purchase
price adjustments in connection with the acquisition or disposition of Assets or shares of capital
stock, so long as such acquisitions or dispositions are otherwise permitted under this Agreement;

          (h) Indebtedness consisting of the Borrower’s guaranty of its Subsidiary’s Indebtedness to the
extent that the Subsidiary’s Indebtedness is reflected in the consolidated balance sheet of the
Euronet Entities;

          (i) Indebtedness consisting of limited financial guaranties or contractual performance
guaranties executed by the Borrower to secure the performance obligation of any of its Subsidiaries
incurred in the Borrower’s ordinary course of business, consistent with past practice;

          (j) Indebtedness to the extent it represents a replacement, renewal, refinancing or extension
of outstanding Indebtedness provided for herein;

          (k) Indebtedness incurred with respect to Acquisitions provided that the Borrower has complied
with the provisions of Section 10.4(e); and

          (l) Indebtedness under capitalized leases incurred in the ordinary course of business.

Notwithstanding the foregoing, no Indebtedness otherwise permitted by this Section 10.1, shall
result in or cause a breach or default under any Convertible Senior Debenture Document or any
Convertible Debenture Document.

     10.2 Liens. Not create, incur, or suffer to exist any other Lien in, of or on any of its
properties (now owned or hereafter acquired) or on any income or revenues or rights in respect of
any thereof, nor will the Borrower Parties permit any other Euronet Entity to create, incur, or
suffer to exist any other Lien in, of or on any of their respective properties (now owned or
hereafter acquired) or on any income or revenues or rights in respect of any thereof, except:

          (a)    (i) Liens in favor of the Agent and the Lenders created by the Loan Documents, (ii) Liens
in favor of the “Agent” and the “Lenders” created by the “Loan Documents” as such terms are defined
in the US Credit Agreement, and (iii) Liens in favor of the “Agent” and the “Lenders” created by
the “Loan Documents” as such terms are defined in the Euro Credit Agreement;

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          (b) Liens for taxes, assessments or governmental charges or levies, if the same shall not at
the time be delinquent or thereafter can be paid without penalty, or are being contested in good
faith and by appropriate proceedings;

          (c) Liens imposed by law, such as carriers’, warehousemen’s and mechanics’ Liens and other
similar Liens arising in the ordinary course of business, that secure payment of obligations not
more than sixty (60) days past due except for such Liens as are being contested in good faith by
appropriate proceedings;

          (d) Liens arising out of pledges or deposits under laws relating to worker’s compensation,
unemployment insurance, old age pensions, or other social security or retirement benefits, or under
similar laws;

          (e) Liens existing on the date of this Agreement and disclosed in Schedule 10.2 hereto;

          (f) Liens securing equipment under equipment leases arising in the ordinary course of
business, but only to the extent that such Liens secure only the equipment being leased;

          (g) Liens securing Indebtedness incurred by any Euronet Entity which becomes a Euronet Entity
as a result of an Acquisition;

          (h) Easements, rights-of-way, restrictions and other similar charges or encumbrances incurred
in the ordinary course of business not interfering in any material respect with Borrower’s business
or operations;

          (i) Options to purchase stock of Borrower under stock-based compensation plans or arrangements
in favor of employees of Borrower and non-employee directors of Borrower;

          (j) Liens arising by reason of any judgment, decree or order of any court not constituting an
Event of Default, so long as such Liens are adequately bonded and any appropriate legal proceedings
that may have been duly initiated for the review of such judgment, decree or order shall not have
been finally terminated or the period within which such proceedings may be initiated shall not have
expired;

          (k) Liens incurred or deposits made to secure the performance of tenders, bids, leases,
statutory obligations, surety and appeal bonds, government contracts, performance bonds and other
obligations of a like nature incurred in the ordinary course of business (other than contracts for
the payment of money);

          (l) Liens securing Interest Rate Contracts or other Hedging Agreements permitted under Section
10.1;

          (m) Liens arising from purchase money indebtedness, so long as such Liens extend only to the
assets constructed, expanded, installed, acquired or improved

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with such purchase money indebtedness
and do not secure any Indebtedness in an amount in excess of such purchase money indebtedness;

          (n) Property ownership transfers made for security purposes (Sicherungseigentum), retention of
title arrangements (Eigentumsvorbehalt) and assignments of claims, rights and receivables made for
security purposes (Sicherungsabtretungen), in each case made in the ordinary course of business;

          (o) Any extension, renewal, or replacement, in whole or in part, of any Lien described in the
foregoing clauses (a) through (n); provided that any such extension, renewal or replacement shall
be no more restrictive in any material respect than the Lien so extended, renewed or replaced;

          (p) Cash deposited with banks that participate in any Euronet Entities’ ATM network in the
ordinary course of business to secure cash contributed by such banks for use in the ATM network and
cash deposited with vendors or suppliers of PINs or mobile phone time to any Euronet Entity in the
ordinary course of business to secure accounts payable to such vendors or suppliers;

          (q) Rights or Liens granted to vendors or suppliers of PINs or on-line mobile or long distance
phone time (including, without limitation, telephone operators) in PIN inventory, PIN accounts
receivable or restricted cash accounts associated with the purchase or sale of such PINs or phone
time including the rights and Liens of mobile operators in the Mobile Network Trust Arrangement;

          (r) Pledges of the stock, shares or other equity interests in any entity acquired in an
Acquisition permitted by Section 10.4(e) to secure Indebtedness permitted by Section 10.1(k); and

          (s) Liens to secure up to 19,000,000 Euro of the Indebtedness to Bank of America pursuant to
standby letters of credit and Liens on up to an additional 10,000,000 Euro of cash collateral to
secure Indebtedness with any Person pursuant to standby letters of credit to secure bank guarantees
required by mobile phone operators.

          Provided, however, the Liens set forth in subsections (j) through (m) above, and any
extensions, renewals, or replacements of such Liens, shall not encumber assets of the Euronet
Entities at any time with a value in excess of One Million Dollars ($1,000,000) in the aggregate;
provided, further that no Lien otherwise permitted by this Section 10.2 shall result in the
creation or imposition of a Lien on the assets of the Borrower Agent or any of its Subsidiaries
that would cause a breach or default under any Convertible Senior Debenture Document or any
Convertible Debenture Document.

     10.3 Sale and Lease-Back Transactions. Not enter into any arrangement, directly or
indirectly, with any person whereby it shall sell or transfer any property, real or personal, used
or useful in its business, whether now owned or hereafter acquired, and thereafter rent or lease
such property or other property which it intends to use for substantially the same purpose or
purposes as the property being sold or transferred,

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provided that Borrower may enter into any sale
and lease-back transaction if (a) at the time of such transaction no Default or Event of Default
shall have occurred and be continuing, (b) the proceeds from the sale of the subject property shall
be at least equal to its fair market value, and (c) the subject property shall have been acquired
by the
Borrower after the date of this Agreement and held by it for not more than one year or for
such longer time as may be agreed to by the Agent. The provisions of this Section 10.3 shall not
apply to a sale and lease back of ATM machines or POS terminals in the ordinary course of business
when such sale and leaseback is entered into in connection with an agreement between the Borrower
and a customer for the provision of services, such as the outsourced operation of the ATMs or POS
terminals or the licensing and maintenance of software for the operation of such ATMs or POS
terminals.

     10.4 Mergers, Transfers of Assets, Acquisitions. Not merge into or consolidate with any other
Person, or permit any other Person to merge into or consolidate with it; sell, transfer, lease or
otherwise dispose of (in one transaction or in a series of transactions) any Assets or any capital
stock of the Borrower; or be a party to any Acquisition of another Person or any acquisition of all
or substantially all of another Person’s assets, other than:

          (a) sales of inventory in the ordinary course of business;

          (b) the lease of terminal equipment in the ordinary course of business;

          (c) the disposition of obsolete or worn-out fixed assets or other property no longer required
by or useful to it in connection with the operation of its business;

          (d) sales, assignments, transfers or other dispositions of Assets for cash consideration, but
only so long as (i) the consideration received by Borrower is not less than fair market value of
the Assets sold; and (ii) the cash consideration thereof is used within twelve (12) months to, (A)
permanently repay or prepay any then outstanding Obligations, or (B) invest in properties or assets
useful in an ATM network business or transaction processing business and which will benefit
Borrower;

          (e) any Acquisition by the Borrower, so long as Borrower Agent gives Agent thirty (30) days
prior written notice of such Acquisition or completion of an Acquisition under an Agreement
executed prior to the Closing Date, so long as the Borrower Agent has notified the Agent of such
Acquisition prior to the Closing Date. In each case Borrower Agent shall provide to the Agent the
following information: pro forma financial statements and projections and a pro forma Compliance
Certificate, demonstrating that the Borrower Parties will be, after giving effect to the
Acquisition, in compliance with each of the financial covenants set forth in Article 9 of this
Agreement. For purposes of such pro forma financial statements and pro forma Compliance
Certificate, to calculate the Borrower Parties’ compliance with the financial covenants set forth
in Article 9 hereof, after an acquisition of one hundred percent (100%) of the stock or assets of
an Acquired Company, the EBITDA and EBITDAR of the Acquired

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Company, based upon pro forma numbers
acceptable to the Agent, from its last four rolling quarters may be included to the extent that
such numbers reflect cash flow from assets fully transferred to the Borrower as a result of the
acquisition of the Acquired Company, with adjustments for any transactions not in the ordinary
course of business. If the Borrower acquires less than one hundred percent (100%) of the stock or
assets of an
Acquired Company, the Agent shall make a good faith determination of what portion, if any, of
such Acquired Company’s EBITDA and EBITDAR to include in the pro forma financial statements. The
Agent may require that any Acquired Company enter into and deliver a Guaranty Agreement in form and
substance satisfactory to the Agent; and

          (f) issuances of capital stock or treasury stock made in the ordinary course of Borrower’s
business so long as such issuance or issuances does not result in an Event of Default under Section
11.1(j).

     10.5 Creation of Subsidiaries. Not create any Foreign Subsidiaries or U.S. Subsidiaries
without the Agent’s prior written consent. The Agent may require any such Subsidiaries enter into
and deliver a Guaranty Agreement in form and substance satisfactory to the Agent.

     10.6 Subsidiary Dividend Restrictions. Not permit any Subsidiary of the Borrower to be bound
by or enter into any agreement, amendment, covenant, understanding or revision to any agreement
which prohibits or restricts the ability of any such subsidiary to declare and pay dividends or
make any other distribution to the Borrower.

     10.7 [Intentionally Omitted.]

     10.8 Use of Proceeds. Not use any of the proceeds of the Loans (a) for any purpose that
entails a violation of, or that is inconsistent with, the provisions of the regulations of the
Board of Governors of the Federal Reserve System, including without limitation Regulations T, U and
X or (b) to make any Acquisition for which the board of directors of the target company has not
given its consent or approval.

     10.9 Loans, Advances and Investments. Not make, nor permit any of its Subsidiaries that are
Obligors to make, any loans, advances or extensions of credit to, or investments (whether
acquisitions of stock or securities or otherwise) in, or acquire any Assets of, any Persons,
including, without limitation, any Affiliates of the Borrower or any of its partners, shareholders,
officers or employees (collectively, “Investments”), other than:

          (a) Assets acquired or expenses advanced in the ordinary course of business, including
extensions of credit to Borrower’s customers in the ordinary course of Borrower’s business
consistent with past practice;

          (b) Investments in short-term obligations issued or fully guaranteed by the U.S. Government
and funds comprised of such obligations;

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          (c) certificates of deposit and other time deposits with, and any other Investment purchased
through Bank of America;

          (d) commercial paper rated A-1 by Standard & Poor’s Corporation or P-1 by Moody’s Investors
Service, Inc.;

          (e) existing Investments listed on Schedule 10.9 hereto;

          (f) Investments made to acquire Acquisitions permitted under Section 10.4 above;

          (g) Investments of the Borrower in or to any one or more Obligors pursuant to this Agreement;

          (h) Investments permitted under Section 10.1 of this Agreement;

          (i) Investments in minority interests in other Persons and Investments for the purchase of
tradenames, software or patents not to exceed One Million Dollars ($1,000,000) in the aggregate,
unless otherwise approved in writing by Lender; and

          (j) Investments in money market funds governed by Rule 2a-7 of the Investment Company Act of
1940, as amended (each a “Money Market Fund”).

     In no event will any Investment otherwise permitted by this Section 10.9 result in or cause a
breach or default under any Convertible Senior Debenture Document or any Convertible Debenture
Document.

     10.10 Negative Pledge. Not permit to exist any Lien on any of its property or the property of
any other Euronet Entity, except as permitted under Section 10.2 above. On the request of the
Agent, the Borrower will, and the Borrower Agent will cause the other Euronet Entities to, execute
acknowledgments or other forms of notice of such negative pledge, and the Agent may record or file
the same in the appropriate filing offices.

     10.11 Liquidation or Change in Business. Not liquidate, dissolve or discontinue the Borrower
or any material business line, materially change its general business purpose or the character of
its business, engage in any type of business not reasonably related to its business as conducted on
the Closing Date.

     10.12 Money Services Business. Not engage in any business, nor permit any other Obligor to
engage in any business, that could reasonably be classified as a “Money services business” (as
defined in 31 C.F.R. §103.11(uu) as amended, restated or replaced from time to time).

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ARTICLE 11
EVENTS OF DEFAULT

     11.1 Events of Default. Each of the following events shall constitute an Event of Default
under this Agreement:

          (a) Misrepresentation. Any representation or warranty made or deemed made by or on behalf of
any Borrower Party to the Agent and the Lenders under or in connection with this Agreement, any
Loan, or any certificate or information delivered in connection with this Agreement or any other
Loan Document shall be materially false on the date as of which made;

          (b) Nonpayment. Any Borrower Party shall fail to pay any principal of the Note, any interest
upon the Note, any reimbursement obligation respecting any Letter of Credit or any Fee or other
Obligations within five (5) Business Days after the same becomes due;

          (c) Non-Performance of Other Covenants. Any Borrower Party shall fail to perform or comply
with any of the terms or provisions of Article 8 of this Agreement and such failure is not cured
within fifteen (15) days or any Borrower Party shall fail to perform or comply with or violates any
covenant set forth in Article 9, Article 10 or any other covenant, term or provision hereof;

          (d) Other Indebtedness. The failure of any Euronet Entity to make any payment of principal or
interest within five (5) Business Days after the same becomes due on any Indebtedness to the Agent,
any Lender or any of the Agent’s or Lenders’ affiliates or subsidiaries (other than Indebtedness
relating to the Loans) or with respect to any Indebtedness to any other Person or Persons or any
default occurs under any agreement which evidences, secures or relates to, any such Indebtedness;

          (e) Insolvency. Any Borrower Party shall (i) have an order for relief entered with respect to
it under the federal Bankruptcy Code or under any other laws relating to bankruptcy, insolvency,
dissolution, winding up, liquidation or reorganization or relief of debtors, (ii) not pay, or admit
in writing its inability to pay, its debts generally as they become due, (iii) make an assignment
for the benefit of creditors, (iv) apply for, seek, consent to, or acquiesce in, the appointment of
a receiver, custodian, trustee, administrator, examiner, liquidator or similar official for it or
any substantial part of its property, (v) institute any proceeding seeking an order for relief
under the federal Bankruptcy Code or under any other laws relating to bankruptcy, insolvency,
dissolution, winding up, liquidation or reorganization or relief of debtors, (vi) take any
corporate action to authorize or effect any of the foregoing actions set forth in this paragraph
(e), or (vii) fail to contest in good faith any appointment or proceeding described in paragraph
(f) of this Section 11.1, or any of the foregoing shall occur with respect to any Euronet Entity
(other than the Borrower) which would have a material adverse effect on the business or financial
condition of the Borrower or on the Euronet Entities taken as a whole;

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          (f) Appointment of Receiver. Without the application, approval or consent of any Euronet
Entity, a receiver, trustee, administrator, examiner, liquidator or similar official shall be
appointed for any Euronet Entity or any substantial part of its property, or a proceeding described
in clause (v) of paragraph (e) of this Section 11.1 shall be instituted against any Euronet Entity;

          (g) Judgment. Any Borrower Party shall fail within forty-five (45) days to pay, bond or
otherwise discharge any judgment or order for the payment of money in excess of Seven Hundred Fifty
Thousand Dollars ($750,000) in the aggregate against the Borrower that is not stayed on appeal or
otherwise being appropriately contested in good faith;

          (h) ERISA. Any Reportable Event shall occur in connection with any Defined Benefit Pension
Plan adopted or sponsored by any Borrower Party or to which a Borrower Party makes contributions,
which occurrence may have a materially adverse effect on such entity’s business or financial
condition;

          (i) Material Adverse Change. Upon the occurrence of any event or condition which the Agent,
in its reasonable sole discretion, determines is a material adverse change in the business or
financial condition of the Borrower or which materially and adversely affects the Borrower’s
ability to perform its obligations to the Agent and the Lenders; or

          (j) Change of Control. (i) Except as permitted by Section 10.4, any Change of Control of any
U.S. Subsidiary of the Borrower or any Obligor, or any acquisition by a third-party of more than
fifty percent (50%) of the ownership or voting capital of Borrower Agent or (ii) a “Change of
Control” as defined in the Convertible Senior Debenture Indenture shall have occurred, or (iii) a
change of control or substantively similar concept as provided in any Convertible Debenture
Document shall have occurred.

          (k) Other Credit Agreements. Any “Event of Default” shall have occurred pursuant to the US
Credit Agreement or the Euro Credit Agreement.

     11.2 Rights and Remedies. Upon the occurrence of each and every Event of Default (other than
an event described in paragraphs (e), (f) or (k) of Section 11.1 above and, in the case of an event
described in paragraph (k) of Section 11.1, the effect of such event is to accelerate the maturity
of any Indebtedness pursuant to the US Credit Agreement or the Euro Credit Agreement), and at any
time thereafter during the continuance of such event, the Agent may (and shall at the instruction
of the Required Lenders), by notice to the Borrower Agent, take either or both of the following
actions, at the same or different times: (i) terminate forthwith the Commitment and (ii) declare
the Loans then outstanding to be forthwith due and payable in whole or in part, whereupon the
principal of the Loans so declared to be due and payable, together with all accrued interest
thereon and all other Obligations shall become forthwith due and payable, without presentment,
demand, protest or any other notice of any kind, all of which are hereby expressly waived by the
Borrower or the Borrower Agent on its behalf, anything

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contained herein or in any other Loan
Document to the contrary notwithstanding; and in the case of any event described in paragraphs (e),
(f) or (k) of Section 11.1 above and, in the case of an event described in paragraph (k) of Section
11.1, the effect of such event is to accelerate the maturity of any Indebtedness pursuant to the US
Credit Agreement or the Euro Credit Agreement, the Commitments shall automatically terminate and
the principal of the Loans then outstanding, together with all accrued interest thereon and all
other Obligations shall automatically become due and payable, without presentment, demand, protest
or any other notice of any kind, all of which are hereby expressly waived by the Borrower or the
Borrower Agent on its behalf, anything contained herein or in any other Loan Document to the
contrary notwithstanding.

     Upon the occurrence and during the continuance of any Event of Default, the Agent may also
exercise any or all of its rights and remedies, whether existing under this Agreement, other Loan
Documents, applicable law or otherwise.

ARTICLE 12

AGENT

     12.1 Appointment and Authority. Each of the Lenders and the L/C Issuer hereby irrevocably
appoints Bank of America to act on its behalf as the Agent hereunder and under the other Loan
Documents and authorizes the Agent to take such actions on its behalf and to exercise such powers
as are delegated to the Agent by the terms hereof or thereof, together with such actions and powers
as are reasonably incidental thereto. The provisions of this Article are solely for the benefit of
the Agent, the Lenders and the L/C Issuer, and neither the Borrower nor any other Obligor shall
have rights as a third party beneficiary of any of such provisions.

     12.2 Rights as a Lender. The Person serving as the Agent hereunder shall have the same rights
and powers in its capacity as a Lender as any other Lender and may exercise the same as though it
were not the Agent and the term “Lender” or “Lenders” shall, unless otherwise expressly indicated
or unless the context otherwise requires, include the Person serving as the Agent hereunder in its
individual capacity. Such Person and its Affiliates may accept deposits from, lend money to, act
as the financial advisor or in any other advisory capacity for and generally engage in any kind of
business with the Borrower Parties or any Subsidiary or other Affiliate thereof as if such Person
were not the Agent hereunder and without any duty to account therefor to the Lenders.

     12.3 Exculpatory Provisions. The Agent shall not have any duties or obligations except those
expressly set forth herein and in the other Loan Documents. Without limiting the generality of the
foregoing, the Agent:

          (a) shall not be subject to any fiduciary or other implied duties, regardless of whether a
Default has occurred and is continuing;

          (b) shall not have any duty to take any discretionary action or exercise any discretionary
powers, except discretionary rights and powers expressly contemplated hereby or by the other Loan
Documents that the Agent is required to

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exercise as directed in writing by the Required Lenders (or
such other number or percentage of the Lenders as shall be expressly provided for herein or in the
other Loan Documents), provided that the Agent shall not be required to take any action
that, in its opinion or the opinion of its counsel, may expose the Agent to liability or that is
contrary to any Loan Document or applicable law; and

          (c) shall not, except as expressly set forth herein and in the other Loan Documents, have any
duty to disclose, and shall not be liable for the failure to disclose, any information relating to
the Borrower Parties or any of its Affiliates that is communicated to or obtained by the Person
serving as the Agent or any of its Affiliates in any capacity.

     The Agent shall not be liable for any action taken or not taken by it (i) with the consent or
at the request of the Required Lenders (or such other number or percentage of the Lenders as shall
be necessary, or as the Agent shall believe in good faith shall be necessary, under the
circumstances as provided in Sections 13.9 and 11.2) or (ii) in the absence of its own gross
negligence or willful misconduct. The Agent shall be deemed not to have knowledge of any Default
unless and until notice describing such Default is given to the Agent by the Borrower, the Borrower
Agent, a Lender or the L/C Issuer.

     The Agent shall not be responsible for or have any duty to ascertain or inquire into (i) any
statement, warranty or representation made in or in connection with this Agreement or any other
Loan Document, (ii) the contents of any certificate, report or other document delivered hereunder
or thereunder or in connection herewith or therewith, (iii) the performance or observance of any of
the covenants, agreements or other terms or conditions set forth herein or therein or the
occurrence of any Default, (iv) the validity, enforceability, effectiveness or genuineness of this
Agreement, any other Loan Document or any other agreement, instrument or document or (v) the
satisfaction of any condition set forth in Article 6 or elsewhere herein, other than to confirm
receipt of items expressly required to be delivered to the Agent.

     12.4 Reliance by Agent. The Agent shall be entitled to rely upon, and shall not incur any
liability for relying upon, any notice, request, certificate, consent, statement, instrument,
document or other writing (including any electronic message, Internet or intranet website posting
or other distribution) believed by it to be genuine and to have been signed, sent or otherwise
authenticated by the proper Person. The Agent also may rely upon any statement made to it orally
or by telephone and believed by it to have been made by the proper Person, and shall not incur any
liability for relying thereon. In determining compliance with any condition hereunder to the
making of a Loan, or the issuance of a Letter of Credit, that by its terms must be fulfilled to the
satisfaction of a Lender or the L/C Issuer, the Agent may presume that such condition is
satisfactory to such Lender or the L/C Issuer unless the Agent shall have received notice to the
contrary from such Lender or the L/C Issuer prior to the making of such Loan or the issuance of
such Letter of Credit. The Agent may consult with legal counsel (who may be counsel for the
Borrower), independent accountants and other experts selected by it, and shall not be liable for
any action taken or not taken by it in accordance with the advice of any such counsel, accountants
or experts.

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     12.5 Delegation of Duties. The Agent may perform any and all of its duties and exercise its
rights and powers hereunder or under any other Loan Document by or through any one or more
sub-agents appointed by the Agent. The Agent and any such sub-agent may perform any and all of its
duties and exercise its rights and powers by or through their respective Related Parties. The
exculpatory provisions of this Article shall apply to any such sub-agent and to the Related Parties
of the Agent and any such sub-agent, and shall apply to their respective activities in connection
with the syndication of the credit facilities provided for herein as well as activities as Agent.

     12.6 Resignation of Agent. (a) The Agent may at any time give notice of its resignation to
the Lenders, the L/C Issuer and the Borrower Agent. Upon receipt of any such notice of
resignation, the Required Lenders shall have the right, in consultation with
the Borrower Agent, to appoint a successor, which shall be a bank with an office in the United
States, or an Affiliate of any such bank with an office in the United States. If no such successor
shall have been so appointed by the Required Lenders and shall have accepted such appointment
within 30 days after the retiring Agent gives notice of its resignation, then the retiring Agent
may on behalf of the Lenders and the L/C Issuer, appoint a successor Agent meeting the
qualifications set forth above; provided that if the Agent shall notify the Borrower Agent and the
Lenders that no qualifying Person has accepted such appointment, then such resignation shall
nonetheless become effective in accordance with such notice and (1) the retiring Agent shall be
discharged from its duties and obligations hereunder and under the other Loan Documents (except
that in the case of any collateral security held by the Agent on behalf of the Lenders or the L/C
Issuer under any of the Loan Documents, the retiring Agent shall continue to hold such collateral
security until such time as a successor Agent is appointed) and (2) all payments, communications
and determinations provided to be made by, to or through the Agent shall instead be made by or to
each Lender and the L/C Issuer directly, until such time as the Required Lenders appoint a
successor Agent as provided for above in this Section. Upon the acceptance of a successor’s
appointment as Agent hereunder, such successor shall succeed to and become vested with all of the
rights, powers, privileges and duties of the retiring (or retired) Agent, and the retiring Agent
shall be discharged from all of its duties and obligations hereunder or under the other Loan
Documents (if not already discharged therefrom as provided above in this Section). The fees
payable by the Borrower or Borrower Agent to a successor Agent shall be the same as those payable
to its predecessor unless otherwise agreed between the Borrower and such successor. After the
retiring Agent’s resignation hereunder and under the other Loan Documents, the provisions of this
Article and Section 13.6 shall continue in effect for the benefit of such retiring Agent, its
sub-agents and their respective Related Parties in respect of any actions taken or omitted to be
taken by any of them while the retiring Agent was acting as Agent.

          (b) Any resignation by Bank of America as Agent pursuant to this Section shall also constitute
its resignation as L/C Issuer. In the event of any such resignation as L/C Issuer, the Borrower
shall be entitled to appoint from among the Lenders a successor L/C Issuer hereunder; provided,
however, that no failure by the Borrower to appoint any such successor shall affect the resignation
of Bank of America as L/C Issuer, as the case may be. Upon the acceptance of a successor’s
appointment as Agent hereunder, (a) such successor shall succeed to and become vested with all of
the

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rights, powers, privileges and duties of the retiring L/C Issuer, (b) the retiring L/C Issuer
shall be discharged from all of its respective duties and obligations hereunder or under the other
Loan Documents, and (c) the successor L/C Issuer shall issue letters of credit in substitution for
the Letters of Credit, if any, outstanding at the time of such succession or make other arrangement
satisfactory to the retiring L/C Issuer to effectively assume the obligations of the retiring L/C
Issuer with respect to such Letters of Credit.

     12.7 Non-Reliance on Agent and Other Lenders. Each Lender and the L/C Issuer acknowledges
that it has, independently and without reliance upon the Agent or any other Lender or any of their
Related Parties and based on such documents and information as it has deemed appropriate, made its
own credit analysis and decision to enter into this Agreement. Each Lender and the L/C Issuer also
acknowledges that it will, independently and without reliance upon the Agent or any other Lender or
any of
their Related Parties and based on such documents and information as it shall from time to
time deem appropriate, continue to make its own decisions in taking or not taking action under or
based upon this Agreement, any other Loan Document or any related agreement or any document
furnished hereunder or thereunder.

     12.8 Agent May File Proofs of Claim. In case of the pendency of any receivership, insolvency,
liquidation, bankruptcy, reorganization, arrangement, adjustment, composition or other judicial
proceeding relative to any Borrower Party or other Obligor, the Agent (irrespective of whether the
principal of any Loan or L/C Obligation shall then be due and payable as herein expressed or by
declaration or otherwise and irrespective of whether the Agent shall have made any demand on the
Borrower Parties) shall be entitled and empowered, by intervention in such proceeding or otherwise:

          (a) to file and prove a claim for the whole amount of the principal and interest owing and
unpaid in respect of the Loans, L/C Obligations and all other Obligations that are owing and unpaid
and to file such other documents as may be necessary or advisable in order to have the claims of
the Lenders, the L/C Issuer and the Agent (including any claim for the reasonable compensation,
expenses, disbursements and advances of the Lenders, the L/C Issuer and the Agent and their
respective agents and counsel and all other amounts due the Lenders, the L/C Issuer and the Agent
under Section 13.6) allowed in such judicial proceeding; and

          (b) to collect and receive any monies or other property payable or deliverable on any such
claims and to distribute the same;

and any custodian, receiver, assignee, trustee, liquidator, sequestrator or other similar official
in any such judicial proceeding is hereby authorized by each Lender and the L/C Issuer to make such
payments to the Agent and, in the event that the Agent shall consent to the making of such payments
directly to the Lenders and the L/C Issuer, to pay to the Agent any amount due for the reasonable
compensation, expenses, disbursements and advances of the Agent and its agents and counsel, and any
other amounts due the Agent under Section 13.6.

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     Nothing contained herein shall be deemed to authorize the Agent to authorize or consent to or
accept or adopt on behalf of any Lender or the L/C Issuer any plan of reorganization, arrangement,
adjustment or composition affecting the Obligations or the rights of any Lender or to authorize the
Agent to vote in respect of the claim of any Lender in any such proceeding.

     12.9 Collateral and Guaranty Matters. The Lenders and the L/C Issuer irrevocably authorize
the Agent, at its option and in its discretion,

          (a) to release any Lien on any property granted to or held by the Agent under any Loan
Document (i) upon termination of the Commitments and payment in full of all Obligations (other than
contingent indemnification obligations) and the expiration or termination of all Letters of Credit,
(ii) that is sold or to be sold as part of or in connection with any sale permitted hereunder or
under any other Loan Document, or
(iii) subject to Section 13.9, if approved, authorized or ratified in writing by the Required
Lenders; and

          (b) to subordinate any Lien on any property granted to or held by the Agent under any Loan
Document to the holder of any Lien on such property that is permitted by Section 10.2.

     Upon request by the Agent at any time, the Required Lenders will confirm in writing the
Agent’s authority to release or subordinate its interest in particular types or items of property
pursuant to this Section 12.9.

ARTICLE 13

MISCELLANEOUS

     13.1 Notices. Notices and other communications provided for herein shall be in writing and
shall be delivered by hand or overnight courier service, mailed or sent by telecopy or other
telegraphic communications equipment of the sending party, as follows:

          (a) if to Borrower Agent or the Borrower, to it c/o Euronet Worldwide, Inc. at 4601 College
Boulevard, Suite 300, Leawood, Kansas 66211 (Facsimile: 913-327-1921) or in the case of Borrower
also as follows: Euronet Services India Pvt., Ltd. , North Quadrant, II Floor , IL&FS Financial
Center , BKC, Bandra East, Mumbai — 400 051 (Tel: +91 — 22 — 3064 7040 and Fax: +91 — 22 — 2653
3103);

          (b) if to the Agent, to Bank of America, N.A., Mumbai branch, Express Towers, Nariman Point,
Mumbai 400021 India, attention – Loan Servicing Department, (Telephone: +91-22-5632-3064,
+91-22-5632-3048);

or to such other address or telecopy number as any party may direct by notice given as provided in
this Section 13.1. All notices and other communications given to any party hereto in accordance
with the provisions of this Agreement shall be deemed to have been given on the date of receipt if
delivered by hand or overnight courier service or sent by telecopy or other telegraphic
communications equipment of the sender, if received on or before 5:00 p.m., local time of the
recipient, on a Business Day, or on the next Business

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Day if received after 5:00 p.m. on a Business
Day or on a day that is not a Business Day, or on the date five (5) Business Days after dispatch by
certified or registered mail if mailed, in each case delivered, sent or mailed (properly addressed)
to such party as provided in this Section 13.1 or in accordance with the latest unrevoked direction
from such party given in accordance with this Section 13.1.

     13.2 [Intentionally Omitted.]

     13.3 Survival of Agreement. All covenants, agreements, representations and warranties made by
the Borrower Parties herein and in the certificates or other instruments prepared or delivered in
connection with or pursuant to this Agreement or any other Loan Document shall be considered to
have been relied upon by the Agent and the Lenders and shall survive the making by the Lenders of
the Loans and the execution and delivery to the Lenders of the Notes, regardless of any
investigation made by the Agent of the Lenders or on its behalf, and shall continue in full force
and effect as long as
the principal of or any accrued interest on any Loan or any other Obligations are outstanding.

     13.4 Binding Effect. This Agreement shall become effective when it shall have been executed
by the Borrower Agent, the Borrower, the Agent and the Lenders and thereafter shall be binding upon
and inure to the benefit of the Borrower Agent, the Borrower, the Agent, the Lenders and their
respective successors and permitted assigns, except that neither the Borrower Agent nor the
Borrower shall have the right to assign or delegate any of their respective rights or duties
hereunder or any interest herein without the prior written consent of the Agent.

     13.5 Successors and Assigns; Participations. (a) The provisions of this Agreement shall
be binding upon and inure to the benefit of the parties hereto and their respective successors and
assigns permitted hereby, except that neither the Borrower nor any other Obligor may assign or
otherwise transfer any of its rights or obligations hereunder without the prior written consent of
the Agent and each Lender and no Lender may assign or otherwise transfer any of its rights or
obligations hereunder except (i) to an Eligible Assignee in accordance with the provisions of
subsection (b) of this Section 13.5, (ii) by way of participation in accordance with the provisions
of subsection (d) of this Section 13.5, or (iii) by way of pledge or assignment of a security
interest subject to the restrictions of subsection (f) of this Section 13.5 (and any other
attempted assignment or transfer by any party hereto shall be null and void). Nothing in this
Agreement, expressed or implied, shall be construed to confer upon any Person (other than the
parties hereto, their respective successors and assigns permitted hereby, Participants to the
extent provided in Section 13.5(d) and, to the extent expressly contemplated hereby, the Related
Parties of each of the Agent, the L/C Issuer and the Lenders) any legal or equitable right, remedy
or claim under or by reason of this Agreement.

          (b) Assignments by Lenders. Any Lender may at any time assign to one or more Eligible
Assignees all or a portion of its rights and obligations under this Agreement (including all or a
portion of its Commitment and the Loans (including for

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purposes of this Section 13.5(b),
participations in L/C Obligations) at the time owing to it); provided that

               (i) except in the case of an assignment of the entire remaining amount of the assigning
Lender’s Commitment and the Loans at the time owing to it or in the case of an assignment to a
Lender or an Affiliate of a Lender or an Approved Fund with respect to a Lender, the aggregate
amount of the Commitment (which for this purpose includes Loans outstanding thereunder) or, if the
Commitment is not then in effect, the principal outstanding balance of the Loans of the assigning
Lender subject to each such assignment, determined as of the date the Assignment and Assumption
with respect to such assignment is delivered to the Agent or, if “Trade Date” is specified in the
Assignment and Assumption, as of the Trade Date, shall not be less than $5,000,000 unless each of
the Agent and, so long as no Event of Default has occurred and is continuing, the Borrower Agent
otherwise consents (each such consent not to be unreasonably withheld or delayed);

               (ii) each partial assignment shall be made as an assignment of a proportionate part of all the
assigning Lender’s rights and obligations under this Agreement with respect to the Loans or the
Commitment assigned;

               (iii) any assignment of a Commitment must be approved by the Agent and the L/C Issuer unless
the Person that is the proposed assignee is itself a Lender (whether or not the proposed assignee
would otherwise qualify as an Eligible Assignee);

               (iv) the parties to each assignment shall execute and deliver to the Agent an Assignment and
Assumption, together with a processing and recordation fee of $3,500, and the Eligible Assignee, if
it shall not be a Lender, shall deliver to the Agent a questionnaire in the form provided by the
Agent; and

               (v) so long as no Default or Event of Default has occurred and continuing, there shall be no
more than three (3) Lenders party to the Credit Agreement at any time without the consent of the
Borrower Agent (such consent not to be unreasonably withheld or delayed).

Subject to acceptance and recording thereof by the Agent pursuant to subsection (c) of this
Section, from and after the effective date specified in each Assignment and Assumption, the
Eligible Assignee thereunder shall be a party to this Agreement and, to the extent of the interest
assigned by such Assignment and Assumption, have the rights and obligations of a Lender under this
Agreement, and the assigning Lender thereunder shall, to the extent of the interest assigned by
such Assignment and Assumption, be released from its obligations under this Agreement (and, in the
case of an Assignment and Assumption covering all of the assigning Lender’s rights and obligations
under this Agreement, such Lender shall cease to be a party hereto) but shall continue to be
entitled to the benefits of Sections 3.5, 5.2 and 13.6 with respect to facts and circumstances
occurring prior to the effective date of such assignment. Upon request, the Borrower (at its
expense) shall execute and deliver a Note to the assignee Lender. Any assignment or transfer by a
Lender of rights or obligations under this Agreement that does not comply

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with this subsection
shall be treated for purposes of this Agreement as a sale by such Lender of a participation in such
rights and obligations in accordance with subsection (d) of this Section.

          (c) Register. The Agent, acting solely for this purpose as an agent of the Borrower, shall
maintain at the Agent’s principal office a copy of each Assignment and Assumption delivered to it
and a register for the recordation of the names and addresses of the Lenders, and the Commitments
of, and principal amounts of the Loans and L/C Obligations owing to, each Lender pursuant to the
terms hereof from time to time (the “Register”). The entries in the Register shall be conclusive,
and the Borrower, the Agent and the Lenders may treat each Person whose name is recorded in the
Register pursuant to the terms hereof as a Lender hereunder for all purposes of this Agreement,
notwithstanding notice to the contrary. The Register shall be available for inspection by the
Borrower Parties and the L/C Issuer at any reasonable time and from time to time upon reasonable
prior notice. In addition, at any time that a request for a consent for a material or substantive
change to the Loan Documents is pending, any Lender wishing to
consult with other Lenders in connection therewith may request and receive from the Agent a
copy of the Register.

          (d) Participations. Any Lender may at any time, without the consent of, or notice to, the
Borrower or the Agent, sell participations to any Person (other than a natural person or the
Borrower or any of the Borrower’s Affiliates or Subsidiaries) (each, a “Participant”) in all or a
portion of such Lender’s rights and/or obligations under this Agreement (including all or a portion
of its Commitment and/or the Loans (including such Lender’s participations in L/C Obligations)
owing to it); provided that (i) such Lender’s obligations under this Agreement shall remain
unchanged, (ii) such Lender shall remain solely responsible to the other parties hereto for the
performance of such obligations and (iii) the Borrower, the Agent, the Lenders and the L/C Issuer
shall continue to deal solely and directly with such Lender in connection with such Lender’s rights
and obligations under this Agreement.

     Any agreement or instrument pursuant to which a Lender sells such a participation shall
provide that such Lender shall retain the sole right to enforce this Agreement and to approve any
amendment, modification or waiver of any provision of this Agreement; provided that such
agreement or instrument may provide that such Lender will not, without the consent of the
Participant, agree to any amendment, waiver or other modification requiring the consent of all
Lenders or the Lenders affected thereby, that affects such Participant. Subject to subsection (e)
of this Section, the Borrower agrees that each Participant shall be entitled to the benefits of
Section 5.2 to the same extent as if it were a Lender and had acquired its interest by assignment
pursuant to subsection (b) of this Section. To the extent permitted by law, each Participant also
shall be entitled to the benefits of Section 13.7 as though it were a Lender.

          (e) Limitations upon Participant Rights. A Participant shall not be entitled to receive any
greater payment under Section 5.2 than the applicable Lender would have been entitled to receive
with respect to the participation sold to such Participant, unless the sale of the participation to
such Participant is made with the

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Borrower’s prior written consent. A Participant that would be a
Foreign Lender if it were a Lender shall not be entitled to the benefits of Section 4.5(b) unless
the Borrower is notified of the participation sold to such Participant and such Participant agrees,
for the benefit of the Borrower, to comply with Section 4.6 as though it were a Lender.

          (f) Certain Pledges. Any Lender may at any time pledge or assign a security interest in all
or any portion of its rights under this Agreement (including under its Note, if any) to secure
obligations of such Lender, including any pledge or assignment to secure obligations to a Federal
Reserve Bank; provided that no such pledge or assignment shall release such Lender from any
of its obligations hereunder or substitute any such pledgee or assignee for such Lender as a party
hereto.

          (g) Electronic Execution of Assignments. The words “execution,” “signed,” “signature,” and
words of like import in any Assignment and Assumption shall be deemed to include electronic
signatures or the keeping of records in electronic form, each of which shall be of the same legal
effect, validity or enforceability as a manually executed signature or the use of a paper-based
recordkeeping system, as the case may be,
to the extent and as provided for in any applicable law, including the Federal Electronic
Signatures in Global and National Commerce Act, the New York State Electronic Signatures and
Records Act, or any other similar state laws based on the Uniform Electronic Transactions Act.

          (h) Resignation as L/C Issuer after Assignment. Notwithstanding anything to the contrary
contained herein, if at any time Bank of America assigns all of its Commitments and Loans pursuant
to Section 13.5(b) above, Bank of America may, upon 30 days’ notice to the Borrower Agent and the
Lenders, resign as L/C Issuer. In the event of any such resignation as L/C Issuer, the Borrower
shall be entitled to appoint from among the Lenders a successor L/C Issuer hereunder; provided,
however, that no failure by the Borrower to appoint any such successor shall affect the resignation
of Bank of America as L/C Issuer, as the case may be. If Bank of America resigns as L/C Issuer, it
shall retain all the rights and obligations of the L/C Issuer hereunder with respect to all Letters
of Credit outstanding as of the effective date of its resignation as L/C Issuer and all L/C
Obligations with respect thereto (including the right to require the Lenders to make Prime Lending
Rate Loans or fund risk participations in Unreimbursed Amounts).

     13.6 Expenses; Indemnity.

          (a) The Borrower agrees to pay all out-of-pocket expenses reasonably incurred by the Lenders
and the Agent in connection with the preparation of this Agreement and the other Loan Documents or
in connection with any amendments, modifications or waivers of the provisions hereof or thereof
(whether or not the transactions hereby contemplated shall be consummated) or incurred by the Agent
and the Lenders in connection with the enforcement or protection of its rights in connection with
this Agreement and the other Loan Documents or in connection with the Loans made or the Note issued
hereunder, including, but not limited to, all appraisal fees (equipment or otherwise), filing fees
and search fees, the fees, charges and disbursements of Lathrop & Gage L.C., counsel for the Agent,
and, in connection with any such

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amendment, modification or waiver or any such
enforcement or
protection, the fees, charges and disbursements of any other counsel for the Agent or the Lenders.
The Borrower further agrees that it shall indemnify the Agent and the Lenders from and hold it
harmless against any documentary taxes, assessments or charges made by any Governmental Authority
by reason of the Loans or this Agreement or any of the other Loan Documents other than taxes on the
income of the Agent or any Lender.

          (b) The Borrower agrees to indemnify the Agent and each Lender and their respective directors,
officers, employees and agents (each such person being called an “Indemnitee”) against, and to hold
each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related
expenses, including reasonable counsel fees, charges and disbursements, incurred by or asserted
against any Indemnitee arising out of, in any way connected with, or as a result of (i) the
execution or delivery of this Agreement or any other Loan Document or any agreement or instrument
contemplated thereby, the performance by the parties thereto of their respective obligations
thereunder or the consummation of the transactions contemplated thereby, (ii) the making of any
Loans or the use of the proceeds of the Loans or (iii) any claim, litigation, investigation or
proceeding relating to any of the foregoing, whether or not any Indemnitee is a party
thereto (each an “Indemnified Claim”); provided that such indemnity shall not, as to any
Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related
expenses (i) are determined by a court of competent jurisdiction by final and nonappealable
judgment to have resulted from the negligence or willful misconduct of such Indemnitee and (ii)
have not, in whole or in part, arisen out of or resulted from any act, or omission to act, of any
Borrower Party or any of their Affiliates.

          (c) The provisions of this Section 13.6 shall remain operative and in full force and effect
regardless of the expiration of the term of this Agreement, the consummation of the transactions
contemplated hereby, the repayment of any of the Loans, the invalidity or unenforceability of any
term or provision of this Agreement or any other Loan Document or any investigation made by or on
behalf of the Agent or any Lender. All amounts due under this Section 13.6 shall be payable on
written demand therefor.

     13.7 Right of Setoff. If an Event of Default shall have occurred and be continuing, the Agent
and each Lender is hereby authorized at any time and from time to time, to the fullest extent
permitted by law, to set off and apply any and all deposits (general or special, time or demand,
provisional or final) at any time held and other indebtedness at any time owing by the Agent or any
such Lender to or for the credit or the account of the Borrower Agent or the Borrower against any
and all of the Obligations, irrespective of whether or not the Agent or such Lender shall have made
any demand under this Agreement or such other Loan Document and notwithstanding that such
Obligations may be unmatured. The rights of the Agent and the Lenders under this Section 13.7 are
in addition to other rights and remedies (including other rights of setoff) which the Agent of the
Lenders may have.

     13.8 Applicable Law. This Agreement and the other Loan Documents, except as otherwise
expressly provided in such other Loan Documents, shall be governed by and

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construed and enforced
under and in accordance with the laws of the State of Missouri applicable to contracts made and to
be performed wholly within said state, without giving effect to choice of law or conflict of law
principles.

     13.9 Waivers; Amendment. (a) No failure or delay of the Agent or any Lender in exercising
any power or right hereunder shall operate as a waiver thereof, nor shall any single or partial
exercise of any such right or power preclude any other or further exercise thereof or the exercise
of any other right or power. The rights and remedies of the Agent and each Lender hereunder and
under the other Loan Documents are cumulative and are not exclusive of any rights or remedies which
the Agent or the Lenders would otherwise have. No waiver of any provision of this Agreement or any
other Loan Document or consent to any departure by any Borrower Party therefrom shall in any event
be effective unless the same shall be contained in a written instrument signed by the Agent and the
Required Lender, and then such waiver or consent shall be effective only in the specific instance
and for the purpose for which given. No notice or demand on any Borrower Party in any case shall
entitle Borrower Parties to any other or further notice or demand in similar or other
circumstances. Notwithstanding the foregoing:

               (i) without the prior written consent of Agent, no amendment or waiver shall be effective with
respect to any provision in any of the Loan Documents (including Section 12) to the extent such
provision relates to the rights, duties, immunities or discretion of Agent;

               (ii) without the prior written consent of all Lenders, no waiver of any Default or Event of
Default shall be effective if the Default or Event of Default relates to either any Borrower
Party’s failure to observe or perform any covenant that may not be amended without the unanimous
written consent of Lenders (and, where so provided hereinafter, the written consent of Agent) as
hereinafter set forth in this Section 13.9; and

               (iii) written agreement of all Lenders (except a defaulting Lender) shall be required to
effectuate any amendment, modification or waiver that would:

          A. increase or extend the Commitment of any Lender;

          B. postpone or delay any date fixed by this Agreement or any other
Loan Document for any payment of principal, interest, fees or other
amounts due to the Lenders (or any of them) hereunder or under any other
Loan Document;

          C. reduce the principal of, or the rate of interest specified herein
on any Loan, or any fees or other amounts payable hereunder or under any
other Loan Document;

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          D. change the percentage of the Commitments or of the aggregate
unpaid principal amount of the Revolving Loans which is required for the
Lenders or any of them to take any action hereunder; provided that
Schedule E-1 hereto (Revolving Commitments) may be amended from time to
time by Agent alone to reflect assignments of Commitments in accordance
herewith so long as the total of the Commitments is not modified except as
otherwise permitted hereunder;

          E. amend this Section or any provision of this Agreement providing
for consent or other action by all Lenders;

          F. release Collateral other than as expressly permitted by this
Agreement; or

          G. change the definitions “Required Lenders”;

                  (iv) without the prior written consent of the L/C Issuer, no amendment or waiver with respect
to the provisions of Sections 2.4, 2.5, 2.6, 2.7, 2.8, 2.9, 2.10, 2.11, 2.12, 2.13, 2.14, and 2.15
shall be effective;

If any fees are paid to the Lenders as consideration for amendments,
waivers or consents with respect to this Agreement, at Agent’s election,
such fees may be paid only to those Lenders that agree to such amendments,
waivers or consents within the time specified for submission thereof.

          (b) If, in connection with any proposed amendment, waiver or consent (a “Proposed Change”)
requiring the consent of all Lenders, the consent of Required Lenders is obtained, but the consent
of other Lenders is not obtained (any such Lenders whose consent is not obtained a “Non-Consenting
Lender”) then, so long as the Agent is not a Non-Consenting Lender, at the Borrower Agent’s
request, an Eligible Assignee selected by the Borrower Agent or otherwise shall have the right (but
not the obligation) with the Agent’s approval, to purchase from the Non-Consenting Lenders, and the
Non-Consenting Lenders agree that they shall sell, all the Non-Consenting Lenders’ Commitments for
an amount equal to the principal balances thereof and all accrued interest and fees with respect
thereto through the date of sale pursuant to an assignment and acceptance agreement, without
premium or discount.

     13.10 Suretyship Waivers. The Borrower hereby expressly waives (a) diligence, presentment,
demand for payment, protest, benefit of any statute of limitations affecting the Borrower’s
liability under this Agreement or the Loan Documents; (b) discharge due to any disability of any
Obligor; (c) any defenses of the Borrower to obligations under this Agreement or the Loan Documents
not arising under the express terms of this Agreement or the Loan Documents or from a material
breach thereof by Agent or the Lenders which under applicable law has the effect of discharging any
Obligor from the obligations as to which any Loan Document is sought to be enforced;

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(d) the
benefit of any act or omission by Agent or the Lenders which directly or indirectly results in or
aids the discharge of any Obligor from any of the Obligations by operation of law or otherwise; (e)
except as expressly provided herein, all notices whatsoever, including, without limitation, notice
of acceptance of the incurring of the Indebtedness; (f) any right it may have to require the Agent
or the Lenders to disclose to it any information that the Agent or the Lenders may now or hereafter
acquire concerning the financial condition or any circumstance that bears on the risk of nonpayment
by any Obligor, including, without limitation, the release of any such Obligor from the
Indebtedness; and (g) any requirement that the Agent or the Lenders exhaust any right, power or
remedy or proceed against any Obligor or any other security for, or any guarantor of, or any other
party liable for, any of the Indebtedness, or any portion thereof. The Borrower specifically
agrees that it shall not be necessary or required, and the Borrower shall not be entitled to
require, that the Agent or the Lenders (i) file suit or proceed to assert or obtain a claim for
personal judgment against any Obligor for all or any part of the Indebtedness; (ii) make any effort
at collection or enforcement of all or any part of the Obligations from any Obligor; (iii)
foreclose against or seek to realize upon any security now or hereafter existing for all or any
part of the Indebtedness; (iv) file suit or proceed to obtain or assert a claim for personal
judgment against any Obligor or other party liable for all or any part of the Indebtedness; (v)
exercise or assert any other right or remedy to which the Agent or any Lender is or may be entitled
in connection with the Obligations or any security or guaranty relating thereto to assert; or
(vi) file any claim against assets of one Obligor before or as a condition of enforcing the
liability of any other Obligor under this Agreement or the Loan Documents.

     Without limiting the foregoing in any way, the Borrower hereby irrevocably waives and
releases:

          (a) Any and all rights it may have at any time (whether arising directly or indirectly, by
operation of law, contract or otherwise) to require the marshaling of any assets of the Borrower,
which right of marshaling might otherwise arise from any such payments made or Obligations
performed;

          (b) Until such time as the Obligations have been satisfied in full, any and all rights that
would result in the Borrower being deemed a “Creditor” under the United States Bankruptcy Code of
any Obligor or any other person, on account of payments made or Obligations performed by the
Borrower; and

          (c) Until such time as the Obligations have been satisfied in full, any claim, right or remedy
which it may now have or hereafter acquire against any Obligor that arises hereunder and/or from
the performance by it hereunder including, without limitation, any claim, remedy or right of
subrogation, reimbursement, exoneration, contribution, indemnification or participation in any
claim, right or remedy of the Agent or any Lender against any Obligor or any collateral security
which the Agent or any Lender now has or may hereafter acquire, whether or not such claim, right or
remedy arises in equity, under contract, by statute, under common law or otherwise.

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     13.11 Interest Rate Limitation. Notwithstanding anything herein or in the Note to the
contrary, if at any time the applicable interest rate, together with all fees and charges which are
treated as interest under applicable law (collectively the “Charges”), as provided for herein or in
any other document executed in connection herewith, or otherwise contracted for, charged, received,
taken or reserved by the Agent or the Lenders, shall exceed the maximum lawful rate (the “Maximum
Rate”) which may be contracted for, charged, taken, received or reserved by the Agent or the
Lenders in accordance with applicable law, the rate of interest payable under the Note, together
with all Charges payable to the Agent or the Lenders, shall be limited to the Maximum Rate.

     13.12 Entire Agreement. This Agreement and the other Loan Documents constitute the entire
contract between the parties relative to the subject matter hereof. Any previous agreement among
the parties with respect to the subject matter hereof is superseded by this Agreement and the other
Loan Documents. Nothing in this Agreement or in the other Loan Documents, expressed or implied, is
intended to confer upon any party other than the parties hereto and thereto any rights, remedies,
obligations or liabilities under or by reason of this Agreement or the other Loan Documents.

     13.13 Severability. In the event any one or more of the provisions contained in this
Agreement or in any other Loan Document should be held invalid, illegal or unenforceable in any
respect, the validity, legality and enforceability of the remaining provisions contained herein and
therein shall not in any way be affected or impaired thereby. The parties shall endeavor in good
faith negotiations to replace the invalid,
illegal or unenforceable provisions with valid provisions the economic effect of which comes
as close as possible to that of the invalid, illegal or unenforceable provisions.

     13.14 Counterparts. This Agreement may be executed in two or more counterparts, all of which
when taken together shall constitute but one contract, and shall become effective as provided in
Section 13.4.

     13.15 Headings. Section headings and the Table of Contents used herein are for convenience of
reference only, are not part of this Agreement and are not to affect the construction of, or to be
taken into consideration in interpreting, this Agreement.

     13.16 Jurisdiction; Consent to Service of Process.

          (a) Each Borrower Party hereby irrevocably and unconditionally submits, for itself and its
property, to the nonexclusive jurisdiction of any Missouri state court or the federal court for the
Western District of Missouri, any appellate court from any thereof, in any action or proceeding
brought by the Lenders to obtain provisional or ancillary remedies described in Section 13.20(b).
Nothing in this Agreement shall affect any right that the Agent or the Lenders may otherwise have
to bring any action or proceeding to obtain any such provisional or ancillary remedy in the courts
of any jurisdiction. For the avoidance of doubt, the parties hereto hereby acknowledge and confirm
that all Claims (as defined in Section 13.20) between or among the parties hereto shall be
determined by binding arbitration in accordance with the provisions of Section 13.20.

 - 57 -

 

          (b) Each Borrower Party hereby irrevocably and unconditionally waives, to the fullest extent
it may legally and effectively do so, any objection which it may now or hereafter have to the
laying of venue of any action or proceeding to obtain any provisional or ancillary remedies
described in Section 13.20(b) in any Missouri state court or federal court for the Western District
of Missouri. Each of the parties hereto hereby irrevocably waives, to the fullest extent permitted
by law, the defense of an inconvenient forum to the maintenance of such action or proceeding in any
such court.

          (c) Each party to this Agreement irrevocably consents to service of process in the manner
provided for notices in Section 13.1. Nothing in this Agreement will affect the right of any party
to this Agreement to serve process in any other manner permitted by law.

     13.17 Terms Generally. The definitions contained in this Agreement and in Exhibit 1 hereto
shall apply equally to both the singular and plural forms of the terms defined. Whenever the
context may require, any pronoun shall include the corresponding masculine, feminine and neuter
forms. The words “include,” “includes” and “including” shall be deemed to be followed by the
phrase “without limitation.” All references herein to Articles, Sections, Exhibits and Schedules
shall be deemed references to Articles and Sections of, and Exhibits and Schedules to, this
Agreement unless the context shall otherwise require. Except as otherwise expressly provided
herein, all terms of an accounting or financial nature shall be construed in accordance with GAAP,
as in effect from time to time, provided, however, that, for purposes of determining compliance
with
any covenant set forth in Article 9, such terms shall be construed in accordance with GAAP as
in effect on the date of this Agreement applied on a basis consistent with the application used in
preparing the Borrower Parties’ financial statements referred to in Article 9.

     13.18 English Language.

          (a) Any notice given under or in connection with any Loan Document must be in English.

          (b) All other documents provided under or in connection with any Loan Document must be:

               (i) in English; or

               (ii) if not in English, accompanied by a certified English translation and, in this case, the
English translation will prevail unless the document is a constitutional, statutory or other
official document.

     13.19 USA PATRIOT Act Notice. Each Lender that is subject to the USA Patriot Act and the
Agent (for itself and not on behalf of any Lender) hereby notifies the Borrower that pursuant to
the requirements of the USA Patriot Act (Title III of Pub. L. 107-56 (signed into law October 26,
2001)) (the “US Patriot Act”), it is required to obtain, verify and record information that
identifies the Borrower, which information

 - 58 -

 

includes the name and address of the Borrower and other
information that will allow such Lender or the Agent, as applicable, to identify the Borrower in
accordance with the Act.

     13.20 ARBITRATION. EXCEPT AS SET OUT BELOW, ANY CONTROVERSY OR CLAIM BETWEEN OR AMONG THE
PARTIES HERETO, INCLUDING BUT NOT LIMITED TO THOSE ARISING OUT OF OR RELATING TO THIS AGREEMENT OR
ANY RELATED DOCUMENTS, INCLUDING ANY CLAIM BASED ON OR ARISING FROM AN ALLEGED TORT (COLLECTIVELY,
“CLAIM”), SHALL BE DETERMINED BY BINDING ARBITRATION IN ACCORDANCE WITH THE FEDERAL ARBITRATION ACT
(OR IF NOT APPLICABLE, THE APPLICABLE STATE LAW), THE RULES OF PRACTICE AND PROCEDURE FOR THE
ARBITRATION OF COMMERCIAL DISPUTES OF J.A.M.S./ENDISPUTE OR ANY SUCCESSOR THEREOF (“J.A.M.S.”), AND
THE “SPECIAL RULES” SET FORTH BELOW. IN THE EVENT OF ANY INCONSISTENCY, THE SPECIAL RULES SHALL
CONTROL. JUDGMENT UPON ANY ARBITRATION AWARD MAY BE ENTERED IN ANY COURT HAVING JURISDICTION. ANY
PARTY TO THIS AGREEMENT MAY BRING AN ACTION, INCLUDING A SUMMARY OR EXPEDITED PROCEEDING, TO COMPEL
ARBITRATION OF ANY CLAIM IN ANY COURT HAVING JURISDICTION OVER SUCH ACTION. THE INSTITUTION AND
MAINTENANCE OF AN ACTION FOR ANY SUCH JUDICIAL RELIEF SHALL NOT CONSTITUTE A WAIVER OF THE RIGHT OF
ANY PARTY, INCLUDING THE PLAINTIFF, TO SUBMIT THE CLAIM TO ARBITRATION IF ANY OTHER PARTY
CONTESTS SUCH ACTION FOR JUDICIAL RELIEF.

          (a) SPECIAL RULES. ANY ARBITRATION SHALL BE CONDUCTED IN THE COUNTY OF BORROWER AGENT’S
DOMICILE AT THE TIME OF THE EXECUTION OF THIS AGREEMENT, OR IF THERE IS REAL OR PERSONAL PROPERTY
COLLATERAL, IN THE COUNTY WHERE SUCH REAL OR PERSONAL PROPERTY IS LOCATED, AND ADMINISTERED BY
J.A.M.S. WHO WILL APPOINT AN ARBITRATOR; IF J.A.M.S. IS UNABLE OR LEGALLY PRECLUDED FROM
ADMINISTERING THE ARBITRATION, THEN THE AMERICAN ARBITRATION ASSOCIATION WILL SERVE. ALL
ARBITRATION HEARINGS WILL BE COMMENCED WITHIN 90 DAYS OF THE DEMAND FOR ARBITRATION; FURTHER, THE
ARBITRATION SHALL ONLY, UPON A SHOWING OF CAUSE, BE PERMITTED TO EXTEND THE COMMENCEMENT OF SUCH
HEARING FOR UP TO AN ADDITIONAL 60 DAYS. ANY DISPUTE CONCERNING THIS ARBITRATION PROVISION OR
WHETHER A CLAIM IS ARBITRABLE SHALL BE DETERMINED BY THE ARBITRATOR. THE ARBITRATOR SHALL HAVE THE
POWER TO AWARD LEGAL FEES PURSUANT TO THE TERMS OF THIS AGREEMENT. The parties agree that the
arbitration award shall be foreign award within the meaning of the Indian Arbitration and
Conciliation Act, 1996 (the “Act”) and that either party may enforce the award against the other
party in India in accordance with the provisions of the Act. It is further agreed by and between
the parties that Part I of the Act shall not apply to the Borrower Parties in case of any
arbitration held in accordance with the terms of this clause. The parties further agree that the
Borrower Parties shall not approach the courts of law in India and

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the courts of law in India by
virtue of this clause shall not have jurisdiction to grant interim injunctions on an application
made by the Borrower Parties under section 9 of the Act.

          (b) RESERVATION OF RIGHTS. NOTHING IN THIS ARBITRATION PROVISION SHALL BE DEEMED TO (I) LIMIT
THE APPLICABILITY OF ANY OTHERWISE APPLICABLE STATUTES OF LIMITATION OR REPOSE AND ANY WAIVERS
CONTAINED IN THIS AGREEMENT; OR (II)) BE A WAIVER BY BANK OF THE PROTECTION AFFORDED TO IT BY 12
U.S.C. SEC. 91 OR ANY SUBSTANTIALLY EQUIVALENT STATE LAW; OR (III) LIMIT THE RIGHT OF ANY PARTY
HERETO (A) TO EXERCISE SELF HELP REMEDIES SUCH AS (BUT NOT LIMITED TO) SETOFF, OR (B) TO FORECLOSE
AGAINST OR SELL ANY REAL OR PERSONAL PROPERTY OR COLLATERAL, OR (C) TO OBTAIN FROM A COURT
PROVISIONAL OR ANCILLARY REMEDIES SUCH AS (BUT NOT LIMITED TO) INJUNCTIVE RELIEF, WRIT OF
POSSESSION OR THE APPOINTMENT OF A RECEIVER, ANY PARTY MAY EXERCISE SUCH SELF HELP RIGHTS,
FORECLOSE OR SELL COLLATERAL OR OBTAIN SUCH PROVISIONAL OR ANCILLARY REMEDIES BEFORE, DURING OR
AFTER THE PENDENCY OF ANY ARBITRATION PROCEEDING BROUGHT PURSUANT TO THIS AGREEMENT. NONE OF THESE
ACTIONS SHALL CONSTITUTE A WAIVER OF THE RIGHT OF ANY PARTY, INCLUDING THE CLAIMANT IN ANY SUCH
ACTION, TO ARBITRATE THE MERITS OF THE CLAIM OCCASIONING RESORT TO SUCH REMEDIES OR PROCEDURES.

          (c) WAIVER OF CERTAIN DAMAGES. THE PARTIES HERETO WAIVE ANY RIGHT OR REMEDY EITHER MAY HAVE
AGAINST THE OTHER TO RECOVER PUNITIVE OR EXEMPLARY DAMAGES ARISING OUT OF ANY CLAIM WHETHER THE
CLAIM IS RESOLVED BY ARBITRATION OR BY JUDICIAL ACTION.

ORAL AGREEMENTS OR COMMITMENTS TO LOAN MONEY, EXTEND CREDIT
OR TO FORBEAR FROM ENFORCING REPAYMENT OF A DEBT INCLUDING
PROMISES TO EXTEND OR RENEW SUCH DEBT ARE NOT ENFORCEABLE. TO
PROTECT YOU (BORROWER) AND US (CREDITOR) FROM MISUNDERSTANDING OR
DISAPPOINTMENT, ANY AGREEMENTS WE REACH COVERING SUCH MATTERS ARE
CONTAINED IN THIS WRITING, WHICH IS THE COMPLETE AND EXCLUSIVE
STATEMENT OF THE AGREEMENT BETWEEN US, EXCEPT AS WE MAY LATER
AGREE IN WRITING TO MODIFY IT.

THIS DOCUMENT, TOGETHER WITH OTHER WRITTEN AGREEMENTS BETWEEN
BORROWER AND BANK OF AMERICA, N.A., IS THE FINAL EXPRESSION OF THE
CREDIT AGREEMENT BETWEEN SUCH PARTIES. THIS DOCUMENT MAY NOT BE
CONTRADICTED BY EVIDENCE OF PRIOR OR CONTEMPORANEOUS ORAL CREDIT
AGREEMENTS OR

 - 60 -

 

PRIOR WRITTEN CREDIT AGREEMENTS BETWEEN SUCH PARTIES
RELATING TO THE SUBJECT MATTER HEREOF. ANY ADDITIONAL TERMS OF
THE CREDIT AGREEMENT BETWEEN SUCH PARTIES ARE SET FORTH BELOW.

THERE ARE NO SUCH ORAL AGREEMENTS BETWEEN SUCH PARTIES.

[Remainder of page intentionally left blank]

 - 61 -

 

IN WITNESS WHEREOF, the parties have executed this Agreement on
the                      day of                                         , 2006, by their duly authorized
officers, effective for all purposes as of                                                               ,
2006.

THIS AGREEMENT CONTAINS A BINDING ARBITRATION PROVISION WHICH
MAY BE ENFORCED BY THE PARTIES.

	 	 	 	 	 	 	 
	BORROWER AGENT:	 	EURONET WORLDWIDE, INC.,	 	 
	 	 	a Delaware corporation	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Rick Weller	 	 
	 

	 	 	 	 	 	 
	 	 	Name: Rick Weller	 	 
	 	 	Title: EVP & CFO	 	 
	 
	 	 	 	 	 	 
	BORROWER	 	EURONET SERVICES INDIA PVT LTD,	 	 
	 	 	a company organized under the laws of India	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Jeff Newman	 	 
	 

	 	 	 	 	 	 
	 	 	Name: Jeff Newman	 	 
	 	 	Title: Director	 	 

Signature Page to Euronet
Rupee Credit Agreement

  

 

	 	 	 	 	 	 	 
	AGENT AND LENDER	 	BANK OF AMERICA, N.A., a national	 	 
	 	 	banking association	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ John Mills	 	 
	 

	 	 	 	 	 	 
	 	 	Name: John P. Mills	 	 
	 	 	Title: Vice President	 	 

Signature Page to Euronet
Rupee Credit Agreement

 

 

EXHIBIT 1

DEFINITIONS

     For purposes of said Credit Agreement, the following terms shall have the meanings specified
below:

     “Acquired Company” shall mean any company acquired (in whole or in part) pursuant to Section
10.4(e).

     “Acquisition” shall mean any transaction, or any series of related transactions, consummated
after the date of this Agreement, by which the Borrower (in one transaction or as the most recent
transaction in a series of transactions) (i) acquires any going business or all or substantially
all of the assets of any Person (including, in the case of a corporation, any division thereof),
whether through purchase of assets, merger or otherwise, (ii) directly or indirectly acquires
control of at least a majority (in number of votes) of the securities of a corporation which have
voting power for the election of directors, or (iii) directly or indirectly acquires control of a
majority ownership interest in any partnership or joint venture.

     “Affiliate” shall mean, when used with respect to a specified person, another person that
directly, or indirectly through one or more intermediaries, Controls or is Controlled by or is
under common Control with the person specified and in any case shall include, when used with
respect to the Borrower, any joint venture in which the Borrower holds an equity interest.

     “Agent” is defined in the preamble to this Agreement.

     “Agent’s Spot Rate of Exchange” means the Agent’s spot rate of exchange for the purchase of
the Funding Currency with the Base Currency in the London foreign exchange market at or about 11:00
a.m. on a particular day.

     “Agreement” or “Credit Agreement” shall mean this Agreement, together with all exhibits and
schedules hereto, as it may be amended from time to time.

     “Applicable Margin” shall mean the percentage set forth below opposite the applicable
Consolidated Senior Funded Debt/EBITDA Ratio calculated and adjusted on the first day of the month
following the receipt by the Agent of each quarterly Compliance Certificate; any change in the
“Applicable Margin” shall be effective with respect to any MIBOR Rate Loan, any Prime Lending Rate
Loan, any unused commitment fee and any Letter of Credit Fee on or after each such date.

 

 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	If the Euronet Entities’ Consolidated	 	MIBOR Rate	 	Prime Lending	 	Unused	 	Letter of
	Senior Funded Debt / EBITDA Ratio is	 	Loans	 	Rate Loans	 	Commitment Fee	 	Credit Fee
	greater than 2.50:1.00
	 	 	2.50	%	 	 	.25	%	 	 	.25	%	 	 	1.75	%
	less than or equal to 2.50:1.00, but
greater than 2.00:1.00
	 	 	2.25	%	 	 	0	%	 	 	.25	%	 	 	1.75	%
	less than or equal to 2.00:1.00, but
greater than 1.50:1.00
	 	 	1.75	%	 	 	0	%	 	 	.20	%	 	 	1.75	%
	less than or equal to 1.50:1.00, but
greater than 1.00:1.00
	 	 	1.25	%	 	 	0	%	 	 	.20	%	 	 	1.75	%
	less than or equal to 1.00: 1.00
	 	 	1.00	%	 	 	0	%	 	 	.15	%	 	 	1.75	%

     Notwithstanding anything in this definition to the contrary, the Borrower must maintain a
Consolidated Senior Funded Debt Ratio in accordance with Section 9.1 or pay interest at the Default
Rate in accordance with Section 4.3(b).

     “Approved Fund” means any Fund that is administered or managed by (a) a Lender, (b) an
Affiliate of a Lender or (c) an entity or an Affiliate of an entity that administers or manages a
Lender.

     “Assets” shall mean all assets which, under GAAP, would appear as assets on the balance sheet
of a Borrower Party.

     “Assignment and Assumption” means an assignment and assumption entered into by a Lender and an
Eligible Assignee (with the consent of any party whose consent is required by Section 13.5(b)), and
accepted by the Agent, in form and substance approved by the Agent.

     “Bank of America” is defined in the preamble to this Agreement.

     “Base Currency” means lawful money of the United States.

     “Borrower” is defined in the preamble to this Agreement.

     “Borrower Agent” is defined in Section 4.9 of this Agreement.

     “Borrower EBITDA” shall mean, for any period, operating income plus depreciation plus
amortization plus, upon the request of the Borrower with the prior consent of the Agent, certain
one-time, non-cash charges included in operating income.

     “Borrower Parties” shall mean the Borrower and the Borrower Agent.

     “Business Day” shall mean any day (other than a day which is a Saturday, Sunday or legal
holiday in the jurisdiction in which the Agent’s principal office is located) on which banks in the
jurisdiction in which the Agent’s principal office is located are open for business, and in
relation to any date for payment or purchase of Rupees, any day on which banks in Mumbai, India are
open for business.

     “Calculation Date” is defined in Section 3.3 of this Agreement.

- 2 -

 

     “Capital Expenditures” shall mean, without duplication, (i) expenditures (whether paid in cash
or accrued as a liability) for fixed assets, tooling, plant and equipment (including without
limitation the incurrence of Capital Lease Obligations), and (ii) any other expenditures that would
be classified as capital expenditures under GAAP. Capital Expenditures shall not include the
amount of consideration paid or any monetary obligation incurred in respect of the purchase price
for any Acquisition.

     “Capital Lease Obligations” shall mean, as to any Person, the obligations of such Person to
pay rent or other amounts under a lease of (or other agreement conveying the right to use) real or
personal property which obligations are required to be classified and accounted for as a capital
lease on a balance sheet of such Person under GAAP; and, for purposes of this Agreement, the amount
of such obligations shall be the capitalized amount thereof, determined in accordance with GAAP.

     “Cash Collateral” is defined in Section 2.10 of this Agreement.

     “Cash Collateral Account” shall mean a demand deposit, money market or other account
established by Agent at such financial institution as Agent may select in its discretion, which
account shall be in Agent’s name and subject to Agent’s Liens for the Pro Rata benefit of the
Lenders.

     “Cash Collateralize” is defined in Section 2.10 of this Agreement.

     “CERCLA” shall mean the Comprehensive Environmental Response, Compensation and Liability Act
of 1980, as amended by the Superfund Amendments and Reauthorization Act of 1986.

     “Charges” is defined in Section 13.11 of this Agreement.

     “Closing Date” shall mean May 26, 2006.

     “Code” shall mean the Internal Revenue Code of 1986, as the same may be amended from time to
time.

     “Collateral” shall mean the any property of any Obligor that is subject to a security interest
or other Lien granted pursuant to any Loan Document.

     “Commitment” shall mean each Lender’s Revolving Credit Commitments.

     “Compliance Certificate” is defined in Section 8.4(d) of this Agreement.

     “Consolidated EBITDA,” and “Consolidated Fixed Charge Coverage Ratio,” are defined in Article
9 of this Agreement.

     “Consolidated Senior Funded Debt/EBITDA Ratio,” and “Consolidated Total Funded Debt/EBITDA
Ratio” are defined in Article 9 of this Agreement.

- 3 -

 

     “Control” shall mean the possession, directly or indirectly, of the power to direct or cause
the direction of the management or policies of a person, whether through the
ownership of voting securities, by contract or otherwise, and “Controlling” and “Controlled”
shall have meanings correlative thereto.

     “Convertible Debenture Indenture” shall mean the Indenture between the Borrower Agent, and US
Bank National Association, as trustee with respect to the Convertible Debentures, as the same may
be amended, restated, supplemented or otherwise modified in accordance with the terms of this
Agreement.

     “Convertible Debentures” shall mean the convertible debentures issued by the Borrower Agent,
at any time or from time to time, in the maximum aggregate principal amount not to exceed
$175,000,000, that are expressly subordinated to the Obligations pursuant to this Agreement and the
“Obligations” pursuant to the US Credit Agreement, in each case as the same may be amended,
restated, supplemented or otherwise modified in accordance with the terms of this Agreement.
“Convertible Debentures” do not include the “Convertible Senior Debentures”.

     “Convertible Debenture Documents” shall mean the Convertible Debenture Indenture and the
Convertible Debentures.

     “Convertible Senior Debenture Indenture” shall mean that certain Indenture between the
Borrower Agent and U.S. Bank National Association, as Trustee, dated as of December 15, 2004, as
the same may be amended, restated, supplemented or otherwise modified in accordance with the terms
of this Agreement.

     “Convertible Senior Debentures” shall mean the Convertible Senior Debentures issued by the
Borrower Agent pursuant to the Convertible Senior Debenture Indenture, in the maximum aggregate
principal amount not to exceed $125,000,000 (or such greater amount to the extent the initial
purchaser’s option to purchase additional Convertible Senior Debentures is exercised in accordance
with its terms, provided that such amount shall not exceed $140,000,000), as the same may be
amended, restated, supplemented or otherwise modified in accordance with the terms of this
Agreement.

     “Convertible Senior Debenture Documents” shall mean the Convertible Senior Debenture Indenture
and the Convertible Senior Debentures.

     “Debtor Relief Laws” means the Bankruptcy Code of the United States, and all other
liquidation, conservatorship, bankruptcy, assignment for the benefit of creditors, moratorium,
rearrangement, receivership, insolvency, reorganization, or similar debtor relief Laws of the
United States or other applicable jurisdictions from time to time in effect and affecting the
rights of creditors generally.

     “Default” shall mean any event or condition which upon notice, lapse of time or both would
constitute an Event of Default.

     “Default Rate” shall mean a rate of interest per annum equal to two percent (2.000%) plus the
rate otherwise prevailing hereunder.

- 4 -

 

     “Defaulting Lender” means any Lender that (a) has failed to fund any portion of the Loans or
participations in L/C Obligations required to be funded by it hereunder within one Business Day of
the date required to be funded by it hereunder, (b) has otherwise failed to pay over to the Agent
or any other Lender any other amount required to be paid by it hereunder within one Business Day of
the date when due, unless the subject of a good faith dispute, or (c) has been deemed insolvent or
become the subject of a bankruptcy or insolvency proceeding.

     “Defined Benefit Pension Plan” shall mean any employee pension benefit plan that is covered by
Title IV of ERISA or subject to the minimum funding standards under Section 412 of the Code as to
which the Borrower may have any liability.

     “Disbursement Date” shall mean the date on which Agent makes a disbursement of a Loan, which
date shall be a Business Day.

     “Dollars”, “dollars” or “$” shall mean lawful money of the United States of America.

     “EBITDA” shall mean, for any period, (i) operating income, plus (ii) depreciation, plus (iii)
amortization plus (iv) interest income from the operations of the Prepaid Processing Segment, plus
(v) upon the request of the Borrower Agent with the prior consent of the Agent, certain one-time,
non-cash charges included in operating income, plus (vi) non-cash expenses recognized pursuant to
Financial Accounting Standards Board Statement No. 123(R), (Share-Based Payments); provided that if
any non-cash expense referred to in the immediately preceding clauses (v) and (vi), including for
stock options, becomes a cash charge in a future period then EBITDA shall be adjusted by the amount
of such cash charge.

     “EBITDAR” shall mean, for any period, (i) operating income, plus (ii) depreciation, plus (iii)
amortization, plus (iv) interest income from the operations of the Prepaid Processing Segment, plus
(v) rent, plus (vi) upon the request of the Borrower Agent with the prior consent of the Agent,
certain one-time, non-cash charges included in operating income, plus (vii) non-cash expenses
recognized pursuant to Financial Accounting Standards Board Statement No. 123(R), (Share-Based
Payments); provided that if any non-cash expense referred to in the immediately preceding clauses
(vi) and (vii), including for stock options, becomes a cash charge in a future period then EBITDAR
shall be adjusted by the amount of such cash charge.

     “Eligible Assignee” means (a) a Lender; (b) an Affiliate of a Lender; (c) an Approved Fund;
and (d) any other Person (other than a natural person) approved by (i) the Agent, and (ii) unless
an Event of Default has occurred and is continuing, the Borrower Agent (each such approval not to
be unreasonably withheld or delayed), and in the case of each of (a), (b), (c) or (d) as may be
permitted by any applicable law; provided that notwithstanding the foregoing, “Eligible
Assignee” shall not include the Borrower Parties or any of the Borrower Parties’ Affiliates or
Subsidiaries.

     “Environmental Laws” is defined in Section 7.4(b) of this Agreement.

- 5 -

 

     “Environmental Lien” shall mean a Lien in favor of any Governmental Authority or other Person
for (a) any liability under Environmental Laws, or (b) damages arising from, or costs incurred by
such Governmental Authority in response to, a release or threatened release of any toxic or
hazardous waste or substance into the environment.

     “ERISA” shall mean the Employee Retirement Income Security Act of 1974, as amended from time
to time.

     “Euro Borrowers” are the “Borrowers” as defined in the Euro Credit Agreement.

     “Euro Credit Agreement” shall mean that certain $30,000,000 EURO/GBP Credit Agreement dated as
of October 25, 2004, as amended or otherwise modified by that certain Amendment No. 1 and Limited
Waiver, dated as of December 14, 2004, that certain Limited Waiver dated as of December 23, 2004,
that certain Limited Waiver dated as of February 10, 2005, that certain Amendment No. 2, dated as
of March 14, 2005, that certain Limited Waiver dated as of May 11, 2005, that certain Limited
Waiver dated as of May 17, 2005, that certain Amendment No. 3 dated as of May 25, 2005, that
certain Amendment No. 4 dated as of June 8, 2005, that certain Limited Waiver dated as of June 9,
2005, that certain Amendment No. 5 dated as of June 16, 2005, that certain Amendment No. 6 dated as
of July 15, 2005, that certain Amendment No. 7 dated as of September 28, 2005, that certain Limited
Waiver dated as of November 4, 2005, that certain Amendment No. 8 dated as of November 17, 2005,
that certain Amendment No. 9 dated as of May 26, 2006 and as further amended, supplemented or
modified from time to time, by and among the Borrower Agent, e-pay Holdings Limited, Delta
Euronet GmbH, Bank of America, as agent and a lender and the other financial institutions from time
to time party thereto.

     “Euronet Entities” shall mean the Borrower Agent and each U.S. Subsidiary and Foreign
Subsidiary of the Borrower Agent and each U.S. Subsidiary and Foreign Subsidiary of each such
subsidiary.

     “Euros” shall mean lawful money of the European Union.

     “Event of Default” is defined in Article 11 of this Agreement.

     “Exchange Rate” shall mean, on any day, with respect to the Funding Currency, the rate at
which the Funding Currency may be exchanged into the Base Currency, as set forth at approximately
11:00 a.m., Mumbai time, on such day on the Reuters World Currency Page for the Funding Currency.
In the event that such rate does not appear on any Reuters World Currency Page, the Exchange Rate
shall be determined by reference to such other publicly available service for exchange rates as the
Agent shall determine, and in the event there is no other publicly available service, the Exchange
Rate shall be the Agent’s Spot Rate of Exchange on such Date for the purchase of the Base Currency
for delivery two Business Days later; provided that the Agent’s Spot Rate of Exchange is not
determinable on such date, the Agent may use any commercially reasonable method it deems
appropriate to determine such rate, and such determination shall be presumed correct absent
manifest error.

- 6 -

 

     “Facility Office” means the office or offices notified by a Lender to the Agent in writing on
or before the date it becomes a Lender (or, following that date, by not less than five Business
Days’ written notice) as the office or offices through which it will perform its obligations under
this Agreement.

     “Fees” shall mean the fees payable under Article 5 of this Agreement.

     “Foreign Lender” means any Lender that is organized under the laws of a jurisdiction other
than that in which the Borrower Agent is resident for tax purposes. For purposes of this
definition, the United States, each State thereof and the District of Columbia shall be deemed to
constitute a single jurisdiction.

     “Foreign Subsidiary” shall mean a subsidiary of any Person not organized and existing under
the laws of the United States of America or any state thereof.

     “Fund” means any Person (other than a natural person) that is (or will be) engaged in making,
purchasing, holding or otherwise investing in commercial loans and similar extensions of credit in
the ordinary course of its business.

     “Funding Currency” shall mean Rupees.

     “GAAP” shall mean generally accepted accounting principles, applied on a consistent basis.

     “Governmental Authority” shall mean any federal, state, local or foreign court or governmental
agency, board, authority, instrumentality or regulatory body.

     “Guarantee” or “Guaranty” of a Person shall mean any agreement by which such Person assumes,
guarantees, endorses, contingently agrees to purchase or provide funds for the payment of, or
otherwise becomes liable upon, the obligation of any other Person, or agrees to maintain the net
worth or working capital or other financial condition of any other Person or otherwise assures any
creditor of such other Person against loss, including, without limitation, any comfort letter,
operating agreement or take-or-pay contract and shall include, without limitation, the contingent
liability of such person in connection with any application for a letter of credit. The term
“Guarantee” used as a verb has a corresponding meaning.

     “Guaranty Agreement” shall mean the Guaranty by the Borrower Agent in favor of the Agent on
behalf of the Lenders or any other Guaranty by any Affiliate of a Borrower Party in favor of the
Agent on behalf of the Lenders that may be entered into from time to time.

     “Hazardous Materials” is defined in Section 7.4(b) of this Agreement.

     “Hedging Agreement” shall mean any Interest Rate Contract, foreign currency exchange
agreement, commodity price protection agreement or other interest or currency exchange rate or
commodity price hedging arrangement at any time entered into by the Borrower with any Lender (or
any Affiliate of any Lender) or Agent.

- 7 -

 

     “Honor Date” is defined in Section 2.6(a) of this Agreement.

     “Increase Effective Date” is defined in Section 2.3(d) of this Agreement.

     “Indebtedness” shall mean, as to any Person, on a consolidated basis with such Person’s
subsidiaries (unless otherwise specified), without duplication: (i) all obligations of such Person
for borrowed money or evidenced by bonds, debentures, notes or similar instruments (including all
indebtedness to stockholders, howsoever evidenced), (ii) all obligations of such Person for the
deferred purchase price of property or services, except trade accounts payable and accrued
liabilities arising in the ordinary course of business which are not overdue by more than sixty
(60) days or which are being contested in good faith by appropriate proceedings, (iii) all Capital
Lease Obligations of such Person, (iv) all Indebtedness of others secured by a Lien on any
properties, assets or revenues of such Person to the extent of the value of the property subject to
such Lien, (v) all Indebtedness of others Guaranteed by such Person and (vi) all obligations of
such Person, contingent or otherwise, in respect of any letters of credit or bankers’ acceptances,
unless such letters of credit or banker’s acceptances are fully secured by cash. The Indebtedness
of any Person shall include the Indebtedness of any partnership in which such Person is a general
partner.

     “Indemnified Claims” is defined in Section 13.6 of this Agreement.

     “Indemnitee” is defined in Section 13.6(b) of this Agreement.

     “Interest Period” shall mean, with respect to any MIBOR Rate Loan, each period commencing on
the date such Loan is made or is converted from a Prime Lending Rate Loan type or the last day of
the next preceding Interest Period for such Loan, and ending on the date that is thirty (30), sixty
(60) or ninety (90) days thereafter, as the Borrower (or Borrower Agent on behalf of the Borrower)
may select. Notwithstanding the foregoing: (i) any Interest Period for any Loan which would
otherwise extend beyond the Revolving Credit Termination Date shall end on the Revolving Credit
Termination Date; (ii) each Interest Period that would otherwise end on a day which is not a
Business Day shall end on the immediately succeeding Business Day; and (iii) the Borrower (or
Borrower Agent on behalf of the Borrower) shall select the duration of Interest Periods in such a
way so that notwithstanding clauses (i) and (ii) above, no Interest Period shall have a duration of
less than thirty (30) days (and, if any MIBOR Rate Loans would otherwise have an Interest Period of
a shorter duration, they shall be Prime Lending Rate Loans for the relevant period).

     “Interest Rate Contract” shall mean any interest rate agreement, interest rate collar
agreement, interest rate swap agreement, or other agreement or arrangement at any time entered into
by the Borrower with any Lender (or any Affiliate of a Lender or Agent) that is designed to protect
against fluctuations in interest rates.

     “Investments” is defined in Section 10.9 of this Agreement.

- 8 -

 

     “ISP” means, with respect to any Letter of Credit, the “International Standby Practices 1998”
published by the Institute of International Banking Law & Practice (or such later version thereof
as may be in effect at the time of issuance).

     “Issuer Documents” means with respect to any Letter of Credit, the Letter Credit Application,
and any other document, agreement and instrument entered into by the L/C Issuer and the Borrower or
in favor the L/C Issuer and relating to any such Letter of Credit.

     “L/C Advance” means, with respect to each Lender, such Lender’s funding of its participation
in any L/C Borrowing in accordance with its Pro Rata Share.

     “L/C Borrowing” means an extension of credit resulting from a drawing under any Letter of
Credit which has not been reimbursed on the date when made or refinanced as a Loan.

     “L/C Credit Extension” means, with respect to any Letter of Credit, the issuance thereof or
extension of the expiry date thereof, or the increase of the amount thereof.

     “L/C Issuer” means Bank of America in its capacity as issuer of Letters of Credit hereunder,
or any successor issuer of Letters of Credit hereunder.

     “L/C Obligations” means, as at any date of determination, the aggregate amount available to be
drawn under all outstanding Letters of Credit plus the aggregate of all Unreimbursed Amounts,
including all L/C Borrowings. For purposes of computing the amount available to be drawn under any
Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with
Section 2.15. For all purposes of this Agreement, if on any date of determination a Letter of
Credit has expired by its terms but any amount may still be drawn thereunder by reason of the
operation of Rule 3.14 of the ISP, such Letter of Credit shall be deemed to be “outstanding” in the
amount so remaining available to be drawn.

     “Lender” and “Lenders” is defined in the preamble to this Agreement.

     “Letter of Credit” means (i) any standby letter of credit issued hereunder and (ii) any
guarantee, indemnity or other instrument in a form requested by the Borrower or the Borrower Agent
and agreed by the Agent and the L/C Issuer.

     “Letter of Credit Application” means an application and agreement for the issuance or
amendment of a Letter of Credit in the form from time to time in use by the L/C Issuer.

     “Letter of Credit Expiration Date” means the day that is seven days prior to the Revolving
Credit Termination Date then in effect (or, if such day is not a Business Day, the next preceding
Business Day).

     “Letter of Credit Fee” is defined in Section 2.12 of this Agreement.

- 9 -

 

     “Lien” shall mean, with respect to any asset, (a) any mortgage, deed of trust, lien, pledge,
encumbrance, charge or security interest in or on such asset, (b) the interest of a vendor or a
lessor under any conditional sale agreement, capital lease or title retention agreement relating to
such asset, and (c) in the case of securities, any purchase option, call, restriction on right to
sell or similar right of a third party with respect to such securities.

     “Loan” shall mean any Revolving Loan or any advance under this Agreement, and “Loans” shall
mean all Revolving Loans and advances thereunder collectively.

     “Loan Request” is defined in Section 4.8 of this Agreement.

     “Loan Documents” shall mean, collectively, this Agreement, the Revolving Notes, the Guaranty
Agreements and all other documents, agreements and instruments executed by any Borrower Party or
Obligor in favor of the Agent or any Lender in connection with the transactions contemplated by
this Agreement.

     “Material Contracts” is defined in Section 7.10 of this Agreement.

     “Maximum Rate” is defined in Section 13.11 of this Agreement.

     “MIBOR Rate” shall mean, for any Interest Period with respect to a MIBOR Rate Loan, the rate
per annum equal to the rate published by the National Stock Exchange (NSE) of India. If such rate
is not available at such time for any reason, then the “MIBOR Rate” for such Interest Period shall
be the rate per annum determined by the Agent to be the rate at which deposits in Rupees for
delivery on the first day of such Interest Period in same day funds in the approximate amount of
the MIBOR Rate Loan being made, continued or converted by Bank of America and with a term
equivalent to such Interest Period would be offered by Bank of America’s Mumbai Branch to major
banks in the Mumbai interbank market at their request at approximately 11:00 a.m. (Mumbai time) on
the first day of the commencement of such Interest Period.

     “MIBOR Rate Loan” shall mean a Loan that accrues interest at the MIBOR Rate.

     “Mobile Network Trust Arrangement” shall mean (i) the arrangements, whether registered or
unregistered, between e-Pay Limited, the Law Debenture Trust Corporation plc and certain mobile
telephone networks in the UK, including Orange, Vodafone, O2, Virgin Mobile and T-Mobile pursuant
to which e-pay Limited collects fees for mobile telephone top-ups, holds cash and accounts for, and
distributes cash amounts to, such networks and itself; (ii) any other similar arrangements entered
into from time to time.

     “Money Market Fund” is defined in Section 10.9(j) of this Agreement.

     “Non-Consenting Lender” is defined in Section 13.9 of this Agreement.

     “Notes” shall mean the Revolving Notes.

- 10 -

 

     “Obligations” shall mean all unpaid principal of and accrued and unpaid interest on the
Revolving Notes, all accrued and unpaid Fees, and all other obligations and liabilities of the
Borrower to the Agent or any Lender now existing or hereafter arising under the Loan Documents and
any Hedging Agreements, including, without limitation, all renewals, replacements, extensions and
modifications thereof and thereto and any and all draws under any and all Letters of Credit and any
other letters of credit issued by the L/C Issuer or Bank of America for the account of the
Borrower.

     “Obligor” shall mean each Borrower Party and each direct or indirect Subsidiary of any
Borrower Party which is a party to a Guaranty Agreement, or party to any security agreement,
mortgage, deed of trust or other document or instrument provided to the Agent in support of the
Borrower’s Obligations pursuant to this Agreement and the other Loan Documents from time to time.

     “Participant” is defined in Section 13.5(d) of this Agreement.

     “PBGC” shall mean the Pension Benefit Guarantee Corporation referred to and defined in ERISA.

     “Person” or “person” shall mean any natural person, corporation, business trust, joint
venture, association, company, partnership or government, or any agency or political subdivision
thereof.

     “Prepaid Processing Segment” shall mean the reportable “Prepaid Processing” segment as
reported in the Borrowing Agent’s form 10-Q and 10-K filings with the Securities and Exchange
Commission.

     “Prime Lending Rate” shall mean, at any date, the rate of interest per annum then most
recently established by the Mumbai Office of Bank of America as its “prime lending rate,” it being
understood and agreed that such rate is set by Bank of America as a general reference rate of
interest, taking into account such factors as Bank of America may deem appropriate, that it is not
necessarily the lowest or best rate actually charged to any customer or a favored rate, that it may
not correspond with future increases or decreases in interest rates charged by other lenders or
market rates in general, and that Bank of America may make various business or other loans at rates
of interest having no relationship to such rate.

     “Prime Lending Rate Loan” shall mean a Loan that accrues interest at the Prime Lending Rate.

     “Pro Rata” shall mean a share of or in all Revolving Loans, participations in L/C Obligations,
liabilities, payments, proceeds, collections, Collateral and, which share for any Lender on any
date shall be a percentage (expressed as a decimal, rounded to the ninth decimal place) arrived at
by dividing the amount of the Revolving Credit Commitment of such Lender on such date by the
aggregate amount of all of the Revolving Credit Commitments of all Lenders on such date.

- 11 -

 

     “Proceeds Account” shall mean that certain account maintained with the Agent, established by
the Borrower Agent for the purpose of depositing proceeds in connection with the issuance and sale
of the Convertible Senior Debentures permitted pursuant to Section 10.1(m) of the US Credit
Agreement or any Subordinated Securities permitted pursuant to Section 10.1(n) of the US Credit
Agreement, unless such account offers inferior interest rates or fees than a comparable account
with another reputable banking institution, and in such case the Borrower Agent may designate such
comparable account as the Proceeds Account.

     “RCRA” shall mean the Resource Conservation and Recovery Act, as the same may be amended from
time to time.

     “Related Parties” is defined in Section 2.9 of this Agreement.

     “Relevant Interbank Market” means the Mumbai interbank market.

     “Register” is defined in Section 13.5(c) of this Agreement.

     “Regulation T, U or X” shall mean Regulation T, U or X, respectively, of the Board of
Governors of the Federal Reserve System as from time to time in effect and all official rulings and
interpretations thereunder or thereof.

     “Regulatory Change” shall mean, with respect to the Agent or any Lender, any change after the
date of this Agreement in (i) United States federal or state law or regulations, or the entry,
adoption, or making after such date of any order, interpretation, directive, or request of or under
any United States federal or state law or regulations (whether or not having the force of law) by
any court or governmental or monetary authority charged with the interpretation or administration
thereof, or (ii) Indian central or state law or regulations, or the entry, adoption, or making
after such date of any order, interpretation, directive, or request of or under any Indian central
or state law or regulations (whether or not having the force of law) by any court or governmental
or monetary authority charged with the interpretation or administration thereof, in each case
applying to a class of banks including Agent or any Lender.

     “Reportable Event” shall mean any reportable event, as defined in Section 4043 of ERISA and
the regulations issued under such Section, with respect to a Defined Benefit Pension Plan,
excluding, however, such events as to which the PBGC by regulation has waived the requirement of
Section 4043(a) of ERISA that it be notified within 30 days of the occurrence of such event;
provided that a failure to meet the minimum funding standard of Section 412 of the Code and of
Section 302 of ERISA involving an amount aggregating $50,000 or more shall be a Reportable Event
regardless of the issuance of any waiver in accordance with Section 412(d) of the Code.

     “Required Lenders” shall mean at any date of determination thereof, Aggregate Lenders having
Aggregate Revolving Credit Commitments representing at least 51% of the Aggregate Revolving Credit
Commitments at such time; provided, however, that if any Aggregate Lender shall be in breach of any
of its obligations hereunder to the

- 12 -

 

Borrower or Agent, under the US Credit Agreement to the
“Borrowers” or “Agent” party
thereto or under the Euro Credit Agreement to the “Borrowers” or “Agent” party thereto,
including any breach resulting from its failure to honor any of its Aggregate Revolving Credit
Commitments in accordance with the terms of this Agreement, the US Credit Agreement or the Euro
Credit Agreement, as applicable, then, for so long as such breach continues, the term “Required
Lenders” shall mean Aggregate Lenders (excluding each Aggregate Lender that is in breach of such
obligations) having Aggregate Revolving Credit Commitments representing at least 51% of the
Aggregate Revolving Credit Commitments (excluding the Aggregate Revolving Credit Commitments of
each Aggregate Lender that is in breach of such obligations) outstanding at such time; provided
further, however, that if the Aggregate Revolving Credit Commitments have been terminated, the term
“Required Lenders” shall mean the Aggregate Lenders (excluding each Aggregate Lender that is in
breach of such obligations) holding Aggregate Revolving Loans representing at least 51% of the
aggregate principal amount of all Aggregate Revolving Loans (excluding the Aggregate Revolving
Loans of each Aggregate Lender that is in breach of such obligations) outstanding at such time;
provided, that in addition to the foregoing, in the event there are less than four Aggregate
Lenders then the term Required Lenders must also constitute at least two Aggregate Lenders. For
the purposes of the definition of Required Lenders the following terms shall have the following
meanings: “Aggregate Lenders” shall mean the Lenders under this Agreement, the “Lenders” under the
US Credit Agreement and the “Lenders” under the Euro Credit Agreement; “Aggregate Revolving Credit
Commitments” shall mean the Revolving Credit Commitments under this Agreement, plus the “Revolving
Credit Commitments” under the US Credit Agreement, plus the “Revolving Credit Commitments” under
the Euro Credit Agreement; and “Aggregate Revolving Loans” shall mean the Revolving Loans under
this Agreement, plus the “Revolving Loans” under the US Credit Agreement, plus the “Revolving
Loans” under the Euro Credit Agreement.

     “Reset Date” is defined in Section 3.3 of this Agreement.

     “Revolving Credit Commitment” shall mean the aggregate of all Revolving Credit Commitments of
each Lender set forth on Schedule E-1 or such amount reduced as provided in Section 2.1(a) of this
Agreement.

     “Revolving Credit Termination Date” shall mean May 26, 2009 or such other date as may be
agreed to by Agent, the Required Lenders, the Borrower Agent and the Borrower from time to time;
provided that no Lender shall be required to extend its Commitment without such Lender’s consent.

     “Revolving Loan” is defined in Section 2.1 of this Agreement.

     “Revolving Notes” is defined in Section 2.2 of this Agreement.

     “Rupees” shall mean the lawful currency of India.

     “SEC” is defined in Section 8.4(e) of this Agreement.

- 13 -

 

     “Senior Funded Debt” is defined in Section 9.1 of this Agreement.

     “subsidiary” shall mean, with respect to any person (herein referred to as the “parent”), any
corporation, partnership, association or other business entity (a) of which securities or other
ownership interests representing more than fifty percent (50%) of the equity or more than fifty
percent (50%) of the voting power or more than fifty percent (50%) of the general partnership
interests are, at the time any determination is being made, owned, controlled or held by the
parent, or (b) which is, at the time any determination is made, otherwise Controlled by the parent
or one or more subsidiaries of the parent or by the parent and one or more subsidiaries of the
parent.

     “Subsidiary” shall mean any subsidiary of the Borrower Agent or the Borrower, direct or
indirect, now existing or hereafter acquired or created, whether a U.S. Subsidiary or a Foreign
Subsidiary.

     “Sum” is defined in Section 3.5(a) of this Agreement.

     “Tax” shall mean any tax, levy, impost, duty or other charge or withholding of a similar
nature (including any penalty or interest payable in connection with any failure to pay or any
delay in paying any of the same).

     “Tax Deduction” shall mean a deduction or withholding for or on account of a Tax from a
payment under a Loan Document or a Hedging Agreement.

     “Unreimbursed Amount” is defined in Section 2.6(a) of this Agreement.

     “US Borrowers” are the Borrowers as defined in the US Credit Agreement.

     “US Credit Agreement” shall mean that certain $10,000,000 U.S. Credit Agreement dated as of
October 25, 2004, as amended, supplemented or otherwise modified by that certain Amendment No. 1
and Limited Waiver, dated as of December 14, 2004, that certain Limited Waiver dated as of December
23, 2004, that certain Limited Waiver dated as of February 10, 2005, that certain Amendment No. 2
dated as of March 14, 2005, that certain Limited Waiver dated as of April 14, 2005, that certain
Limited Waiver dated as of May 11, 2005, that certain Limited Waiver dated as of May 17, 2005, that
certain Amendment No. 3 dated as of May 25, 2005, that certain Amendment No. 4 dated as June 8,
2005, that certain Limited Waiver dated as of June 9, 2005, that certain Supplement No. 1 dated as
of June 15, 2005, that certain Amendment No. 5 dated as of July 15, 2005, that certain Amendment
No. 6 dated as of September 28, 2005, that certain Limited Waiver dated as of November 4, 2005,
that certain Amendment No. 7 dated as of November 17, 2005, that certain Amendment No. 8 dated as
of May 26, 2006 and as further, amended, supplemented or modified from time to time by and among
the Borrower Agent, PaySpot, Inc., a Delaware corporation, Euronet USA, Inc., an Arkansas
corporation, and Call Processing, Inc., a Texas corporation, Bank of America, as agent and a
lender, and the other financial institutions from time to time party thereto.

 - 14 -

 

     “U.S. Subsidiary” shall mean a subsidiary of any Person organized and existing under the laws
of the United States of America or any state thereof.

 - 15 -

 

Schedule E-1

Revolving Credit Commitments

	 	 	 	 	 
	Lender	 	Revolving Credit Commitment
	Bank of America, N.A.
	 	$	10,000,000	 

 

 

Exhibit 2.2

Revolving Note

 - 2 -

 

Exhibit 4.8-A

Notice of Borrowing

 - 3 -

 

Exhibit 4.8-B

Notice of Termination or Reduction

 - 4 -

 

Exhibit 8.4

Compliance Certificate

 - 5 -

 

Schedule 7.4

Environmental Matters

None.

 - 6 -

 

Schedule 7.5

Financial Statements

 - 7 -

 

Schedule 7.8

Corporate Structure

 - 8 -

 

Schedule 10.1

Existing Indebtedness

 - 9 -

 

Schedule 10.2

Existing Liens

 - 10 -

 

Schedule 10.9

LOANS, ADVANCES AND INVESTMENTS

 - 11 -

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