Document:

DST EX 10.2 12.31.14

Exhibit 10.2
AMENDMENT TO ORIGINATOR PURCHASE AGREEMENT
THIS AMENDMENT is made as of November 26, 2014 (this “Amendment”), by and among each of the parties listed on Schedule I hereto (each, a “Seller” and collectively, the “Sellers”), and DST Systems, Inc., a Delaware corporation, as the Servicer and as the purchaser (the “Purchaser”) with respect to that certain Originator Purchase Agreement, dated as of May 21, 2009, among the parties hereto (as amended, restated or otherwise modified from time to time, the “Agreement”).   Capitalized terms used and not otherwise defined herein are used with the meanings attributed thereto in the Agreement.
For good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, each of the parties hereto agrees as follows: 
		
	1.
	Effective as of November 26, 2014, DST Global Solutions North America Ltd., a Delaware corporation (“DST North America”) shall cease being a Seller under and a party to the Agreement, and all sales of Receivables and Related Security by it shall cease.

		
	2.
	Schedule I to the Agreement is hereby amended and restated in its entirety to read as set forth in Schedule I to this Amendment.

		
	3.
	Any reference in the Agreement to “the Seller” is hereby replaced with “the Sellers”, “each Seller” or “any Seller”, mutatis mutandis, as the context may require.

		
	4.
	In order to induce the Agent and the other parties hereto to consent to this Amendment, each of the remaining Sellers hereby represents and warrants as follows:  (a) the execution, delivery and performance by such Seller of this Amendment (i) are within such Seller’s corporate or limited liability company powers, as applicable, (ii) have been duly authorized by all necessary corporate or limited liability company action, as applicable, (iii) do not contravene (1) such Seller’s charter or by-laws or limited liability company agreement, as applicable, (2) any Law applicable to such Seller, (3) any contractual restriction binding on or affecting such Seller or its property or (4) any order, writ, judgment, award, injunction or decree binding on or affecting such Seller or its property, and (iv) do not result in or require the creation of any lien, security interest or other charge or encumbrance upon or with respect to any of its properties (except for the transfer of such Seller’s interest in the Receivables and the Related Security pursuant to the Agreement); and (b) this Amendment has  been duly executed and delivered by such Seller and constitutes the legal, valid and binding obligation of such Seller enforceable against such Seller in accordance with its terms, subject to applicable bankruptcy, insolvency, moratorium or other similar Laws affecting the rights of creditors generally and general equitable principles (whether considered in a proceeding at law or in equity). 

		
	5.
	This Amendment shall be binding upon and inure to the benefit of the Sellers, the Purchaser and their respective successors and assigns; provided, however, that no Seller may assign its rights or obligations hereunder or any interest herein, except to the SPV 

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and the Agent as provided in the Transaction Documents, without the prior written consent of the Purchaser. 
		
	6.
	The Sellers agree to pay on demand, on a joint and several basis, all costs and expenses in connection with the preparation, execution and delivery of this Amendment. 

		
	7.
	THIS AMENDMENT SHALL BE  GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE  STATE OF NEW YORK (WITHOUT REFERENCE TO THE CONFLICTS OF LAW PRINCIPLES THEREOF OTHER THAN SECTION 5-1401 OF THE NEW YORK GENERAL OBLIGATIONS LAW). THE SELLERS AND THE PURCHASER HEREBY SUBMIT TO THE NONEXCLUSIVE JURISDICTION OF THE UNITED STATES DISTRICT COURT FOR THE SOUTHERN DISTRICT OF NEW YORK AND OF ANY NEW YORK STATE COURT SITTING IN THE CITY OF NEW YORK FOR PURPOSES OF ALL LEGAL PROCEEDINGS ARISING OUT OF OR RELATING TO THIS AMENDMENT, ANY OTHER TRANSACTION DOCUMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY. 

		
	8.
	THE SELLERS AND THE PURCHASER HEREBY IRREVOCABLY WAIVE, TO THE FULLEST EXTENT IT MAY EFFECTIVELY DO SO, ANY OBJECTION WHICH IT MAY NOW OR HEREAFTER HAVE TO THE LAYING OF THE VENUE OF ANY SUCH PROCEEDING BROUGHT IN SUCH A COURT AND ANY CLAIM THAT ANY SUCH PROCEEDING BROUGHT IN SUCH A COURT HAS BEEN BROUGHT IN AN INCONVENIENT FORUM. NOTHING IN THIS SECTION 7 SHALL AFFECT THE RIGHT OF THE INVESTORS TO BRING ANY ACTION OR PROCEEDING AGAINST ANY SELLER OR THE PURCHASER OR ANY OF THEIR RESPECTIVE PROPERTY IN THE COURTS OF OTHER JURISDICTIONS. 

		
	9.
	This Amendment may be executed in any number of counterparts, each of which when so executed shall be deemed to be an original and all of which when taken together shall constitute one and the same agreement.   Delivery by a party hereto of an executed counterpart of this Amendment by facsimile or similar electronic means shall be deemed effective as delivery of the original executed counterpart by such party for purposes of execution hereof. 

		
	10.
	Except as expressly amended hereby, the Agreement is hereby ratified and confirmed.

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IN WITNESS WHEREOF, the parties have hereunto set their hands as of the date first above written.

DST SYSTEMS, INC.

By:    /s/ Gregg Wm. Givens                
Name:    Gregg Wm. Givens
Title:    Senior Vice President, Chief Financial
Officer and Treasurer

DST OUTPUT, LLC 
DST OUTPUT CENTRAL, LLC 
DST OUTPUT EAST, LLC 
DST OUTPUT WEST, LLC 
DST TECHNOLOGIES, INC. 
DST MAILING SERVICES, INC. 
DST OUTPUT ELECTRONIC SOLUTIONS, INC. 
DST WORLDWIDE SERVICES, LLC 
DST RETIREMENT SOLUTIONS, LLC 
ARGUS HEALTH SYSTEMS, INC. 
DST DIRECT, LLC 
DST HEALTH SOLUTIONS, LLC 
DST BROKERAGE SOLUTIONS, LLC
FINIX PROFESSIONAL SERVICES, LLC
CONVERGE SYSTEMS, LLC
NEWKIRK PRODUCTS, INC.
LTM PUBLISHING, INC.
MCKAY HOCHMAN CO., INC.
THIRD PARTY EDUCATIONAL SYSTEMS, INC.
LATERAL GROUP NA, LLC
DST HEALTHCARE HOLDINGS, INC.

By:    /s/ Gregg Wm. Givens                 
Name:    Gregg Wm. Givens
Title:    Treasurer

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The undersigned hereby consents to the foregoing Amendment as of the date first above written:
Wells Fargo Bank, National Association, individually and as Agent

By:    /s/ William P. Rutkowski                 
 
Name: William P. Rutkowski
 
Title: Vice President
 

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SCHEDULE I
SELLERS AS OF NOVEMBER 26, 2014 
(after giving effect to the Amendment as of such date)

	
			
	1
	DST Output, LLC
	DE

	2
	DST Output Central, LLC
	DE

	3
	DST Output East, LLC
	DE

	4
	DST Output West, LLC
	DE

	5
	DST Technologies, Inc.
	MO

	6
	DST Mailing Services, Inc.
	DE

	7
	DST Output Electronic Solutions, Inc.
	MO

	8
	DST Worldwide Services, LLC
	MO

	9
	DST Retirement Solutions, LLC
	DE

	10
	DST Brokerage Solutions, LLC
	DE

	11
	Finix Professional Services, LLC
	DE

	12
	Converge Systems, LLC
	DE

	13
	Lateral Group NA, LLC (f/n/a CFG Output LLC)
	de

	14
	Argus Health Systems, Inc.
	DE

	15
	DST Direct, LLC
	MO

	16
	DST Health Solutions, LLC
	DE

	17
	DST Healthcare Holdings, Inc.
	DE

	18
	Newkirk Products, Inc.
	NY

	19
	LTM Publishing, Inc.
	NY

	20
	McKay Hochman Co., Inc.
	NY

	21
	Third Party Educational Systems, Inc.
	MN

	22
	DST Systems, Inc.
	DE

	23
	Fountain City Finance, LLC
	DE

5DST EX 10.3 12.31.14

Exhibit 10.3
RECEIVABLES SALE AGREEMENT
THIS RECEIVABLES SALE AGREEMENT, dated as of November 26, 2014 (this “Agreement”), is entered into by and among Wells Fargo Bank, National Association, as Agent (the “Agent”), Fountain City Finance, LLC, a Delaware limited liability company (the “SPE”), DST Systems, Inc., a Delaware corporation (the “Parent” and, together with the SPE and the Agent, the “Transferors”), and DST Global Solutions North America Ltd., a Delaware corporation (the “Originator”).
		
	1.
	Definitions.  As used in this Agreement:

“Collections” means, with respect to any Receivable, all cash collections and other cash proceeds of such Receivable, including, without limitation, all finance charges and all cash proceeds of Related Security with respect to such Receivable, and any Collection of such Receivable deemed to have been received with respect thereto.
“Contract” means, in relation to any Receivable, any and all contracts, instruments, agreements, leases, invoices, notes, or other writings pursuant to which such Receivable arises or which evidence such Receivable or under which a Person becomes or is obligated to make payment in respect of such Receivable.
“Obligor” means with respect to any Receivable, the Person obligated to make payments in respect of such Receivable.
“Originator” means DST Global Solutions North America Ltd., a Delaware corporation.
“Person” means an individual, partnership, corporation (including a business trust), limited liability company, joint stock company, trust, unincorporated association, joint venture or other entity, or a government or any political subdivision or agency thereof.
“Purchased Assets” means Receivables, whether now owned and existing or hereafter acquired or arising, together with the Related Security and Collections (each, as hereinafter defined) with respect thereto and all proceeds of any and all of the foregoing.
“Receivable” means any indebtedness of any Person, whether constituting an account, chattel paper, investment or general intangible, arising in connection with the sale of goods or the rendering of services by the Originator, including the right to payment of any interest, fees or finance charges and other obligations of such Person with respect thereto.
“Related Security” means with respect to any Receivable:
(i)    all right, title and interest in any merchandise (including returned merchandise) relating to any sale giving rise to such Receivable;
(ii)    all security interests or liens and property subject thereto from time to time purporting to secure payment of such Receivable, whether pursuant to the Contract related to such Receivable or otherwise, together with all financing statements filed against an Obligor describing any collateral securing such Receivable;

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(iii)    the Contract and all guaranties, indemnities, warranties, insurance (and proceeds and premium refunds thereof) and other agreements or arrangements of whatever character from time to time supporting or securing payment of such Receivable whether pursuant to the Contract related to such Receivable or otherwise; and
(iv)    all contracts and all other documents, purchase orders, invoices, agreements, books, records and other information (including, without limitation, computer programs, tapes, discs, punch cards, data processing software and related property and rights) relating to such Receivable and the related Obligor.
2.Sales of the Receivables, Related Security and Collections.  On the date hereof, the following transactions shall occur in the order listed:
(a)For value received, the Agent, hereby absolutely and unconditionally, sells, assigns, conveys and transfers to the SPE (the Agent’s “Transferee”) all of the Agent’s existing and future right, title and interest in and to the Purchased Assets, without representation, warranty or recourse of any kind, express or implied, except as expressly provided in Section 2 below;
(b)For value received, the SPE, hereby absolutely and unconditionally, sells, assigns, conveys and transfers to the Parent (the SPE’s “Transferee”) all of the SPE’s existing and future right, title and interest in and to the Purchased Assets, without representation, warranty or recourse of any kind, express or implied, except as expressly provided in Section 2 below; and
(c)For value received, the Parent, hereby absolutely and unconditionally, sells, assigns, conveys and transfers to the Originator (the Parent’s “Transferee”) all of the Parent’s existing and future right, title and interest in and to the Purchased Assets, without representation, warranty or recourse of any kind, express or implied, except as expressly provided in Section 2 below.
It is the intention of each Transferor and its applicable Transferee that the sale, assignment, conveyance and transfer by such Transferor set forth above constitute a true sale and outright conveyance to its Transferee of all of its existing and future right, title and interest in and to the Purchased Assets, vesting its Transferee identified above with all benefits and burdens of owning the Purchased Assets, and none of the parties hereto intends any of the transactions contemplated hereby to constitute loans secured by the Purchased Assets.  For the avoidance of doubt, after giving effect to the above sale, assignment, conveyance and transfer by each Transferor to its Transferee, such Transferor hereby absolutely and unconditionally releases any security interest or ownership interest it may have been granted in the Purchased Assets.
3.Representations and Warranties.
(a)Each of the Transferors hereby represents and warrants to its Transferee that such Transferor’s sale, assignment, conveyance and transfer of its right, title and interest in and to the Purchased Assets is made free and clear of any lien, security interest, mortgage, pledge, assignment or other charge or encumbrance, or any other type of preferential arrangement created by or through such Transferor.
(b)Each of the parties hereto represents and warrants to the other parties hereto that this Agreement has been duly authorized, executed and delivered by such party, and constitutes is legally binding obligation, enforceable against it in accordance with its terms subject to applicable bankruptcy, 

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insolvency, receivership, moratorium or other similar Laws affecting the rights of creditors generally and general equitable principles (whether considered in a proceeding at law or in equity).
		
	4.
	Miscellaneous.

(a)Each Transferee is hereby authorized to file a Uniform Commercial Code financing statement against its applicable Transferor to perfect the sale of the Purchased Assets by such Transferor to such Transferee.  In addition, the Agent hereby authorizes the Originator to terminate the financing statement naming the Originator, as debtor/seller, the SPE, as original secured party/buyer and the Agent, as total assignee.
(b)No amendment or waiver of any provision of this Agreement or consent to any departure by any party therefrom shall be effective unless in writing signed by each of the parties hereto.
(c)THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK (WITHOUT REFERENCE TO THE CONFLICTS OF LAW PRINCIPLES THEREOF OTHER THAN SECTIONS 5-1401 AND 5-1402 OF THE NEW YORK GENERAL OBLIGATIONS LAW, WHICH SHALL APPLY HERETO).  
(d)This Agreement may be executed in any number of counterparts, each of which when so executed shall be deemed to be an original and all of which when taken together shall constitute one and the same agreement.  Delivery by a party hereto of an executed counterpart of this Agreement by facsimile or similar electronic means shall be deemed effective as delivery of the original executed counterpart by such party for purposes of execution hereof.
(e)Each party hereto hereby irrevocably submits to the non-exclusive jurisdiction of any New York State or Federal court sitting in New York City in any action or proceeding arising out of or relating to this agreement, and each party hereto hereby irrevocably agrees that all claims in respect of such action or proceeding may be heard and determined in such New York State court or, to the extent permitted by law, in such Federal court.  The parties hereto hereby irrevocably waive, to the fullest extent they may effectively do so, the defense of an inconvenient forum to the maintenance of such action or proceeding.  The parties hereto agree that a final judgment in any such action or proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by law.
(f)EACH PARTY HERETO HEREBY WAIVES, TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, TRIAL BY JURY IN ANY JUDICIAL PROCEEDING INVOLVING, DIRECTLY OR INDIRECTLY, ANY MATTER (WHETHER SOUNDING IN TORT, CONTRACT OR OTHERWISE) IN ANY WAY ARISING OUT OF, RELATED TO, OR CONNECTED WITH THIS AGREEMENT.

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IN WITNESS WHEREOF, the parties have hereunto set their hands as of the date first above written.
WELLS FARGO BANK, NATIONAL ASSOCIATION, as Agent

By:   /s/ William P. Rutkowski                           
 
Title: Vice President

FOUNTAIN CITY FINANCE, LLC, 
DST SYSTEMS, INC. and 
DST GLOBAL SOLUTIONS NORTH AMERICA, LLC

By:    /s/ Gregg Wm. Givens                             
Name:    Gregg Wm. Givens
For:    FOUNTAIN CITY FINANCE, LLC as President and Treasurer
DST SYSTEMS, INC. as Senior Vice President, Chief Financial Officer and Treasurer
DST GLOBAL SOLUTIONS NORTH AMERICA, LLC as Vice President and Treasurer

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