Document:

<PAGE>
                                                                    Exhibit 10.5

                                                                  EXECUTION COPY

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                                 LOAN AGREEMENT

                                   dated as of

                                  JULY 1, 2005

                                      among

                               eFUNDS CORPORATION

                                 as the Borrower

                            The Lenders Party Hereto

                                       and

                           JPMORGAN CHASE BANK, N.A.,
                  as Administrative Agent and Collateral Agent

                                   ----------

                          J.P. MORGAN SECURITIES INC.,
                    as Sole Bookrunner and Sole Lead Arranger

================================================================================

<PAGE>

                                TABLE OF CONTENTS

<TABLE>
<CAPTION>
                                                                            Page
                                                                            ----
<S>             <C>                                                         <C>
                                    ARTICLE I

                                   Definitions

SECTION 1.01.   Defined Terms ...........................................     1
SECTION 1.02.   Classification of Loans and Borrowings ..................    20
SECTION 1.03.   Terms Generally .........................................    20
SECTION 1.04.   Accounting Terms; GAAP ..................................    20

                                   ARTICLE II

                                   The Credits

SECTION 2.01.   Commitments .............................................    21
SECTION 2.02.   Loans and Borrowings ....................................    21
SECTION 2.03.   Requests for Borrowing ..................................    21
SECTION 2.04.   Intentionally Omitted ...................................    22
SECTION 2.05.   Intentionally Omitted ...................................    22
SECTION 2.06.   Intentionally Omitted ...................................    22
SECTION 2.07.   Funding of Borrowings ...................................    22
SECTION 2.08.   Interest Elections ......................................    23
SECTION 2.09.   Termination of Commitments ..............................    24
SECTION 2.10.   Repayment of Loans; Evidence of Debt ....................    24
SECTION 2.11.   Prepayment of Loans .....................................    25
SECTION 2.12.   Fees. ...................................................    25
SECTION 2.13.   Interest ................................................    25
SECTION 2.14.   Alternate Rate of Interest ..............................    26
SECTION 2.15.   Increased Costs .........................................    26
SECTION 2.16.   Break Funding Payments ..................................    27
SECTION 2.17.   Taxes ...................................................    28
SECTION 2.18.   Payments Generally; Pro Rata Treatment; Sharing of
                Set-offs. ...............................................    29
SECTION 2.19.   Mitigation Obligations; Replacement of Lenders ..........    30

                                   ARTICLE III

                         Representations and Warranties

SECTION 3.01.   Organization; Powers ....................................    31
SECTION 3.02.   Authorization; Enforceability ...........................    32
SECTION 3.03.   Governmental Approvals; No Conflicts ....................    32
SECTION 3.04.   Financial Condition; No Material Adverse Effect .........    32
</TABLE>

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<TABLE>
<S>             <C>                                                         <C>
SECTION 3.05.   Properties and Insurance ................................    32
SECTION 3.06.   Litigation, Contingent Obligations, Labor and
                Environmental Matters ...................................    33
SECTION 3.07.   Compliance with Laws and Agreements .....................    33
SECTION 3.08.   Investment and Holding Company Status ...................    33
SECTION 3.09.   Taxes ...................................................    33
SECTION 3.10.   ERISA ...................................................    34
SECTION 3.11.   Disclosure ..............................................    34
SECTION 3.12.   No Default ..............................................    34

                                   ARTICLE IV

                                   Conditions

SECTION 4.01.   Effective Date ..........................................    34

                                    ARTICLE V

                              Affirmative Covenants

SECTION 5.01.   Financial Statements and Other Information ..............    37
SECTION 5.02.   Notices of Material Events ..............................    39
SECTION 5.03.   Existence; Conduct of Business ..........................    39
SECTION 5.04.   Payment of Obligations ..................................    39
SECTION 5.05.   Maintenance of Properties; Insurance ....................    39
SECTION 5.06.   Books and Records; Inspection Rights ....................    39
SECTION 5.07.   Compliance with Laws ....................................    40
SECTION 5.08.   Use of Proceeds .........................................    40
SECTION 5.09.   Subsidiary Guaranty .....................................    40
SECTION 5.10.   Pledge Agreements .......................................    40

                                   ARTICLE VI

                               Negative Covenants

SECTION 6.01.   Indebtedness ............................................    41
SECTION 6.02.   Liens ...................................................    41
SECTION 6.03.   Mergers; Sales of Assets and other Fundamental Changes ..    42
SECTION 6.04.   Investments, Loans, Advances, Guarantees and
                Acquisitions ............................................    43
SECTION 6.05.   Swap Agreements .........................................    44
SECTION 6.06.   Restricted Payments .....................................    44
SECTION 6.07.   Transactions with Affiliates ............................    44
SECTION 6.08.   Restrictive Agreements ..................................    45
SECTION 6.09.   Financial Covenants .....................................    45
SECTION 6.10.   Sale of Accounts ........................................    46
</TABLE>

                                       ii

<PAGE>

<TABLE>
<S>             <C>                                                         <C>
SECTION 6.11.   Subordinated Indebtedness and Amendments to Subordinated
                Note Documents ..........................................    46

                                   ARTICLE VII

                                Events of Default

                                  ARTICLE VIII

                  The Administrative Agent and Collateral Agent

                                   ARTICLE IX

                                  Miscellaneous

SECTION 9.01.   Notices .................................................    53
SECTION 9.02.   Waivers; Amendments .....................................    54
SECTION 9.03.   Expenses; Indemnity; Damage Waiver ......................    54
SECTION 9.04.   Successors and Assigns ..................................    56
SECTION 9.05.   Survival ................................................    58
SECTION 9.06.   Counterparts; Integration; Effectiveness ................    59
SECTION 9.07.   Severability ............................................    59
SECTION 9.08.   Right of Setoff .........................................    59
SECTION 9.09.   Governing Law; Jurisdiction; Consent to Service of
                Process .................................................    59
SECTION 9.10.   WAIVER OF JURY TRIAL ....................................    60
SECTION 9.11.   Headings ................................................    60
SECTION 9.12.   Confidentiality .........................................    60
SECTION 9.13.   USA PATRIOT Act .........................................    61
</TABLE>

                                       iii

<PAGE>

SCHEDULES:

Schedule 2.01 -- Commitments
Schedule 3.01 -- Subsidiaries
Schedule 6.01 -- Existing Indebtedness
Schedule 6.02 -- Existing Liens
Schedule 6.04 -- Permitted Investments
Schedule 6.08 -- Existing Restrictions

EXHIBITS:

Exhibit A -- Form of Assignment and Assumption
Exhibit B -- Form of Opinion of Borrower's Counsel
Exhibit C -- Intentionally Omitted
Exhibit D -- Form of Subsidiary Guaranty
Exhibit E -- Form of Written Money Transfer Instruction
Exhibit F -- List of Closing Documents
Exhibit G -- Form of Promissory Note

                                       iv

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          LOAN AGREEMENT dated as of July 1, 2005, among eFUNDS CORPORATION, the
LENDERS party hereto and JPMORGAN CHASE BANK, N.A., as Administrative Agent and
Collateral Agent.

          The parties hereto agree as follows:

                                    ARTICLE I

                                   Definitions

          SECTION 1.01. Defined Terms. As used in this Agreement, the following
terms have the meanings specified below:

          "ABR", when used in reference to any Loan or Borrowing, refers to
whether such Loan, or the Loans comprising such Borrowing, are bearing interest
at a rate determined by reference to the Alternate Base Rate.

          "Acquired Entity or Business" means any Person, business, property or
asset that was the subject of an Acquisition during any period and which was not
subsequently sold or otherwise disposed of by the Borrower or a Subsidiary
during such period.

          "Acquisition" means any acquisition (whether by purchase, merger,
consolidation or otherwise) or series of related acquisitions by the Borrower or
any Subsidiary of all or substantially all of the assets of, or all or a
majority of the Equity Interests in, a Person or division or line of business of
a Person.

          "Acquisition Consideration" means the sum of all consideration paid or
otherwise delivered or deliverable in connection with an Acquisition, including
any Contingent Payments, Indebtedness assumed or issued in connection with, or
resulting from, such Acquisition and the fair market value of any non-cash
consideration issued in connection with any Acquisition.

          "Adjusted Consolidated EBITDA" means Consolidated Net Income plus, to
the extent deducted from revenues in determining Consolidated Net Income, (i)
Consolidated Interest Expense, (ii) expense for taxes accrued, (iii)
depreciation, (iv) amortization, (v) extraordinary or non-recurring non-cash
losses incurred other than in the ordinary course of business and in an amount
not exceeding $2,000,000 in any period of four consecutive fiscal quarters, (vi)
non-cash charges solely with respect to the impairment of intangible assets
resulting from the discontinuation of use of the tradenames of the Borrower, and
(vii) non-cash charges arising from compensation expense as a result of the
adoption of the proposed amendment to Financial Accounting Standards Board
Statement 123, "Share Based Payments," which would require certain stock based
compensation to be recorded as expense within the Borrower's consolidated
statement of operations minus, (a) to the extent included in Consolidated Net
Income, extraordinary or non-recurring non-cash gains realized other than in the
ordinary course of business and (b) the amount of any subsequent cash payments
in respect of any non-cash charges described in the preceding clause (vii), all
calculated for the Borrower and its Subsidiaries in accordance with GAAP on a
consolidated basis; provided, that, there shall be included (to the extent not
already included) in determining Adjusted Consolidated EBITDA

<PAGE>

for any period ending after the Effective Date the following items attributable
to any Significant Acquisition consummated during such period: (a) the net
income (or loss) of the related Acquired Entity or Business, (b) the interest
expense (including without limitation interest expense under Capital Lease
Obligations) that is treated as interest in accordance with GAAP of such
Acquired Entity or Business, (c) expense of such Acquired Entity or Business for
taxes accrued during such period, (d) depreciation during such period, (e)
amortization during such period, (f) extraordinary or non-recurring non-cash
losses incurred other than in the ordinary course of business and in an amount
not exceeding, when aggregated with the extraordinary or non-recurring non-cash
losses described in clause (v) above, $250,000 in any period of four consecutive
fiscal quarters minus extraordinary or non-recurring non-cash gains realized
other than in the ordinary course of business, in each case on a pro forma basis
reasonably acceptable to the Administrative Agent but without giving effect to
any projected synergies and based on the actual net income (or loss), interest
expense, tax expense, depreciation expense, non-cash losses and non-cash gains
of such Acquired Entity or Business for the entire period (including the portion
thereof occurring prior to the relevant Acquisition).

          "Adjusted LIBO Rate" means, with respect to any Eurodollar Borrowing
for any Interest Period, an interest rate per annum (rounded upwards, if
necessary, to the next 1/16 of 1%) equal to (a) the LIBO Rate for such Interest
Period multiplied by (b) the Statutory Reserve Rate.

          "Administrative Agent" means JPMorgan Chase Bank, N.A., in its
capacity as administrative agent for the Lenders hereunder.

          "Administrative Questionnaire" means an Administrative Questionnaire
in a form supplied by the Administrative Agent.

          "Affiliate" means, 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.

          "Agents" means the Administrative Agent and the Collateral Agent.

          "Alternate Base Rate" means, for any day, a rate per annum equal to
the greater of (a) the Prime Rate in effect on such day and (b) the Federal
Funds Effective Rate in effect on such day plus 1/2 of 1%. Any change in the
Alternate Base Rate due to a change in the Prime Rate or the Federal Funds
Effective Rate shall be effective from and including the effective date of such
change in the Prime Rate or the Federal Funds Effective Rate, respectively.

          "Applicable Percentage" means, with respect to any Lender, the
percentage of the total Commitments represented by such Lender's Commitment. If
the Commitments have terminated or expired, the Applicable Percentages shall be
determined based upon the percentage obtained by dividing such Lender's
outstanding Loans by the aggregate outstanding principal amount of all of the
Loans at such time.

          "Applicable Pledge Percentage" means 100%, but 65% in the case of a
pledge of Equity Interests in a Foreign Subsidiary to the extent a 100% pledge
would cause a Deemed Dividend Problem.

                                        2

<PAGE>

          "Applicable Rate" means, for any day, with respect to any ABR Loan or
Eurodollar Loan, or with respect to the commitment fees payable hereunder, as
the case may be, the applicable rate per annum set forth below under the caption
"ABR Spread" or "Eurodollar Spread", as the case may be, based upon the Leverage
Ratio as reflected in the then most recently delivered Financials:

<TABLE>
<CAPTION>
                        Leverage           ABR     Eurodollar
Pricing Level:           Ratio:          Spread:     Spread:
--------------   ---------------------   -------   ----------
<S>              <C>                     <C>       <C>
Level I               < or = 0.75x          0%       0.625%

Level II               >0.75x but
                      < or = 1.25x          0%       0.750%

Level III              >1.25x but
                      < or = 1.75x          0%       0.875%

Level IV         >1.75 but < or = 2.25      0%       1.00%

Level V                  >2.25x             0%       1.375%
</TABLE>

          For purposes of the foregoing,

               (i) if at any time the Borrower fails to deliver the Financials
          required under Section 5.01(a) or 5.01(b) on or before the date such
          Financials are due, Pricing Level IV shall be deemed applicable for
          the period commencing five (5) Business Days after such required date
          of delivery and ending on the date which is five (5) Business Days
          after such Financials are actually delivered, after which the Pricing
          Level shall be determined in accordance with the table above as
          applicable;

               (ii) adjustments, if any, to the Pricing Level then in effect
          shall be effective five (5) Business Days after the Administrative
          Agent has received the applicable Financials (it being understood and
          agreed that each change in Pricing Level shall apply during the period
          commencing on the effective date of such change and ending on the date
          immediately preceding the effective date of the next such change); and

               (iii) each determination of the Applicable Rate made by the
          Administrative Agent in accordance with the foregoing shall, if
          reasonably determined, be conclusive and binding on the Borrower and
          each Lender.

               Notwithstanding the foregoing, Pricing Level III shall be deemed
          to be applicable until the Administrative Agent's receipt of the
          applicable Financials for the Borrower' fiscal quarter ending on or
          about September 30, 2005 and adjustments to the Pricing Level then in
          effect shall thereafter be effected in accordance with the preceding
          provisions.

          "Approved Fund" has the meaning assigned to such term in Section 9.04.

                                        3

<PAGE>

          "Assignment and Assumption" means an assignment and assumption entered
into by a Lender and an assignee (with the consent of any party whose consent is
required by Section 9.04), and accepted by the Administrative Agent, in the form
of Exhibit A or any other form approved by the Administrative Agent.

          "Board" means the Board of Governors of the Federal Reserve System of
the United States of America.

          "Borrower" means eFunds Corporation, a Delaware corporation.

          "Borrowing" means Term Loans of the same Type, made, converted or
continued on the same date and, in the case of Eurodollar Loans, as to which a
single Interest Period is in effect.

          "Borrowing Request" means a request by the Borrower for a Borrowing in
accordance with Section 2.03.

          "Business Day" means any day that is not a Saturday, Sunday or other
day on which commercial banks in Chicago, Illinois are authorized or required by
law to remain closed; provided that, when used in connection with a Eurodollar
Loan, the term "Business Day" shall also exclude any day on which banks are not
open for dealings in dollar deposits in the London interbank market.

          "Capital Expenditures" means, without duplication, any expenditures
for any purchase or other acquisition of any asset which would be classified as
a fixed or capital asset on a consolidated balance sheet of the Borrower and its
Subsidiaries prepared in accordance with GAAP.

          "Capital Lease Obligations" of any Person means the obligations of
such Person to pay rent or other amounts under any lease of (or other
arrangement conveying the right to use) real or personal property, or a
combination thereof, which obligations are required to be classified and
accounted for as capital leases on a balance sheet of such Person under GAAP,
and the amount of such obligations shall be the capitalized amount thereof
determined in accordance with GAAP.

          "Change in Control" means (a) the acquisition of ownership, directly
or indirectly, beneficially or of record, by any Person or group (within the
meaning of the Securities Exchange Act of 1934 and the rules of the Securities
and Exchange Commission thereunder as in effect on the date hereof), of Equity
Interests representing more than 35% of the aggregate ordinary voting power
represented by the issued and outstanding Equity Interests of the Borrower; (b)
occupation of a majority of the seats (other than vacant seats) on the board of
directors of the Borrower by Persons who were neither (i) nominated by the board
of directors of the Borrower nor (ii) appointed by directors so nominated; or
(c) the acquisition of direct or indirect Control of the Borrower by any Person
or group.

          "Change in Law" means (a) the adoption of any law, rule or regulation
after the date of this Agreement, (b) any change in any law, rule or regulation
or in the interpretation or application thereof by any Governmental Authority
after the date of this Agreement or (c)

                                        4

<PAGE>

compliance by any Lender (or, for purposes of Section 2.15(b), by any lending
office of such Lender or by such Lender's holding company, if any) with any
request, guideline or directive (whether or not having the force of law) of any
Governmental Authority made or issued after the date of this Agreement.

          "Code" means the Internal Revenue Code of 1986, as amended from time
to time.

          "Collateral" means all pledged Equity Interests in or upon which a
security interest or Lien is from time to time granted to the Collateral Agent,
for the benefit of the Holders of Secured Obligations, whether under the Pledge
Agreements, under any of the other Collateral Documents or under any of the
other Loan Documents.

          "Collateral Agent" means JPMorgan Chase Bank, N.A. in its capacity as
Collateral Agent for the Holders of Secured Obligations and any successor
Collateral Agent appointed pursuant to the terms of the Intercreditor Agreement.

          "Collateral Documents" means all agreements, instruments and documents
executed in connection with this Agreement pursuant to which the Collateral
Agent is granted a security interest in Collateral, including, without
limitation, the Pledge Agreements and all other security agreements, loan
agreements, notes, guarantees, subordination agreements, pledges, powers of
attorney, consents, assignments, contracts, fee letters, notices, leases,
financing statements and all other written matter whether heretofore, now, or
hereafter executed by or on behalf of the Borrower or any of its Subsidiaries
and delivered to the Collateral Agent or any of the Lenders, together with all
agreements and documents referred to therein or contemplated thereby.

          "Commitment" means, with respect to each Lender, the commitment of
such Lender to make Term Loans on the Effective Date, expressed as an amount
representing the maximum aggregate amount of such Lender's Term Loans hereunder.
The amount of each Lender's Commitment is set forth on Schedule 2.01, or in the
Assignment and Assumption pursuant to which such Lender shall have assumed its
Commitment, as applicable. The aggregate amount of the Lenders' Commitments is
$100,000,000.

          "Consolidated Capital Expenditures" means, with reference to any
period, the Capital Expenditures of the Borrower and its Subsidiaries calculated
on a consolidated basis for such period.

          "Consolidated EBITDA" means Consolidated Net Income plus, to the
extent deducted from revenues in determining Consolidated Net Income, (i)
Consolidated Interest Expense, (ii) expense for taxes accrued, (iii)
depreciation, (iv) amortization, (v) extraordinary or non-recurring non-cash
losses incurred other than in the ordinary course of business and in an amount
not exceeding $2,000,000 in any period of four consecutive fiscal quarters, (vi)
non-cash charges solely with respect to the impairment of intangible assets
resulting from the discontinuation of use of the tradenames of the Borrower, and
(vii) non-cash charges arising from compensation expense as a result of the
adoption of the proposed amendment to Financial Accounting Standards Board
Statement 123, "Share Based Payments," which would require certain stock based
compensation to be recorded as expense within the Borrower's consolidated

                                        5

<PAGE>

statement of operations minus, (a) to the extent included in Consolidated Net
Income, extraordinary or non-recurring non-cash gains realized other than in the
ordinary course of business and (b) the amount of any subsequent cash payments
in respect of any non-cash charges described in the preceding clause (vii), all
calculated for the Borrower and its Subsidiaries in accordance with GAAP on a
consolidated basis.

          "Consolidated EBITDAR" means, for any period, Consolidated EBITDA
plus, to the extent deducted from revenues in determining Consolidated EBITDA,
Consolidated Rent Expense, minus, to the extent not subtracted in determining
Consolidated EBITDA, the aggregate amount of all Restricted Payments (other than
Excluded Restricted Payments) by the Borrower or (other than with respect to
Restricted Payments ultimately made to a Loan Party) any Subsidiary during such
period, all calculated for the Borrower and its Subsidiaries in accordance with
GAAP on a consolidated basis.

          "Consolidated Fixed Charges" means, with reference to any period and
without duplication, all payments by the Borrower and its Subsidiaries during
such period in respect of the sum of (i) principal required to be repaid of
Indebtedness with a tenor at its issuance date of 12 months or longer (but
excluding any voluntary prepayments on such Indebtedness), (ii) Capital Lease
Obligations, (iii) Consolidated Interest Expense, (iv) expense for taxes accrued
and (v) Consolidated Rent Expense.

          "Consolidated Interest Expense" means, with reference to any period,
the interest expense (including without limitation interest expense under
Capital Lease Obligations that is treated as interest in accordance with GAAP)
of the Borrower and its Subsidiaries calculated on a consolidated basis for such
period.

          "Consolidated Net Income" means, with reference to any period, the net
income (or loss) of the Borrower and its Subsidiaries calculated in accordance
with GAAP on a consolidated basis (without duplication) for such period.

          "Consolidated Rent Expense" means, with reference to any period, all
payments under Operating Leases to the extent deducted in computing Consolidated
Net Income, net of any related income from subleases, in each case calculated in
accordance with GAAP for the Borrower and its Subsidiaries on a consolidated
basis for such period.

          "Consolidated Total Assets" means, as of the date of any determination
thereof, total assets of the Borrower and its Subsidiaries calculated in
accordance with GAAP on a consolidated basis as of such date.

          "Consolidated Total Indebtedness" means at any time the aggregate
Indebtedness of the Borrower and its Subsidiaries calculated on a consolidated
basis as of such time.

          "Contingent Payments" means any earnouts, holdbacks or other
contingent payments that may become payable to the sellers following the
consummation of an Acquisition that are not evidenced by bonds, debentures,
notes or similar instruments.

          "Control" means 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 ability to

                                        6

<PAGE>

exercise voting power, by contract or otherwise. "Controlling" and "Controlled"
have meanings correlative thereto.

          "Deemed Dividend Problem" means, with respect to any Foreign
Subsidiary, such Foreign Subsidiary's accumulated and undistributed earnings and
profits being deemed to be repatriated to the Borrower or the applicable parent
Domestic Subsidiary under Section 956 of the Code and the effect of such
repatriation causing materially adverse tax consequences to the Borrower or such
parent Domestic Subsidiary, in each case as determined by the Borrower in its
commercially reasonable judgment acting in good faith and in consultation with
its legal and tax advisors.

          "Default" means any event or condition which constitutes an Event of
Default or which upon notice, lapse of time or both would, unless cured or
waived, become an Event of Default.

          "dollars" or "$" refers to lawful money of the United States of
America.

          "Domestic Subsidiary" means a Subsidiary organized under the laws of a
jurisdiction located in the United States of America.

          "EBITDA" of any Person means such Person's Net Income plus, to the
extent deducted from revenues in determining Net Income, such Person's (i)
Interest Expense, (ii) expense for taxes accrued, (iii) depreciation, (iv)
amortization, (v) extraordinary or non-recurring non-cash losses incurred other
than in the ordinary course of business minus, to the extent included in Net
Income, extraordinary or non-recurring non-cash gains realized other than in the
ordinary course of business, all calculated for such Person and its subsidiaries
in accordance with GAAP on a consolidated basis.

          "Effective Date" means July 1, 2005.

          "Environmental Laws" means all laws, rules, regulations, codes,
ordinances, orders, decrees, judgments, injunctions, notices or binding
agreements issued, promulgated or entered into by any Governmental Authority,
relating in any way to the environment, preservation or reclamation of natural
resources, the management, release or threatened release of any Hazardous
Material or to health and safety matters.

          "Environmental Liability" means any liability, contingent or otherwise
(including any liability for damages, costs of environmental remediation, fines,
penalties or indemnities), of the Borrower or any Subsidiary directly or
indirectly resulting from or based upon (a) violation of any Environmental Law,
(b) the generation, use, handling, transportation, storage, treatment or
disposal of any Hazardous Materials, (c) exposure to any Hazardous Materials,
(d) the release or threatened release of any Hazardous Materials into the
environment or (e) any contract, agreement or other consensual arrangement
pursuant to which liability is assumed or imposed with respect to any of the
foregoing.

          "Equity Interests" means shares of capital stock, partnership
interests, membership interests in a limited liability company, beneficial
interests in a trust or other equity

                                        7

<PAGE>

ownership interests in a Person, and any warrants, options or other rights
entitling the holder thereof to purchase or acquire any such equity interest.

          "ERISA" means the Employee Retirement Income Security Act of 1974, as
amended from time to time.

          "ERISA Affiliate" means any trade or business (whether or not
incorporated) that, together with the Borrower, is treated as a single employer
under Section 414(b) or (c) of the Code or, solely for purposes of Section 302
of ERISA and Section 412 of the Code, is treated as a single employer under
Section 414 of the Code.

          "ERISA Event" means (a) any "reportable event", as defined in Section
4043 of ERISA or the regulations issued thereunder with respect to a Plan (other
than an event for which the 30-day notice period is waived); (b) the existence
with respect to any Plan of an "accumulated funding deficiency" (as defined in
Section 412 of the Code or Section 302 of ERISA), whether or not waived; (c) the
filing pursuant to Section 412(d) of the Code or Section 303(d) of ERISA of an
application for a waiver of the minimum funding standard with respect to any
Plan; (d) the incurrence by the Borrower or any of its ERISA Affiliates of any
liability under Title IV of ERISA with respect to the termination of any Plan;
(e) the receipt by the Borrower or any ERISA Affiliate from the PBGC or a plan
administrator of any notice relating to an intention to terminate any Plan or
Plans or to appoint a trustee to administer any Plan; (f) the incurrence by the
Borrower or any of its ERISA Affiliates of any liability with respect to the
withdrawal or partial withdrawal from any Plan or Multiemployer Plan; or (g) the
receipt by the Borrower or any ERISA Affiliate of any notice, or the receipt by
any Multiemployer Plan from the Borrower or any ERISA Affiliate of any notice,
concerning the imposition of Withdrawal Liability or a determination that a
Multiemployer Plan is, or is expected to be, insolvent or in reorganization,
within the meaning of Title IV of ERISA.

          "Eurodollar", when used in reference to any Loan or Borrowing, refers
to such Loan, or the Loans comprising such Borrowing, bearing interest at a rate
determined by reference to the Adjusted LIBO Rate.

          "Event of Default" has the meaning assigned to such term in Article
VII.

          "Excluded Restricted Payments" means the $100,000,000 of Restricted
Payments made by the Borrower pursuant to the stock repurchase plan announced by
the Borrower on February 23, 2005.

          "Excluded Taxes" means, with respect to the Administrative Agent, any
Lender, or any other recipient of any payment to be made by or on account of any
obligation of the Borrower hereunder, (a) income or franchise taxes imposed on
(or measured by) its net income by the United States of America, or by the
jurisdiction under the laws of which such recipient is organized or in which its
principal office is located or, in the case of any Lender, in which its
applicable lending office is located, (b) any branch profits taxes imposed by
the United States of America or any similar tax imposed by any other
jurisdiction in which the Borrower is located and (c) in the case of a Foreign
Lender (other than an assignee pursuant to a request by the Borrower under
Section 2.19(b)), any withholding tax that is imposed on amounts payable to

                                        8

<PAGE>

such Foreign Lender at the time such Foreign Lender becomes a party to this
Agreement (or designates a new lending office) or is attributable to such
Foreign Lender's failure to comply with Section 2.17(e), except to the extent
that such Foreign Lender (or its assignor, if any) was entitled, at the time of
designation of a new lending office (or assignment), to receive additional
amounts from the Borrower with respect to such withholding tax pursuant to
Section 2.17(a).

          "Federal Funds Effective Rate" means, for any day, the weighted
average (rounded upwards, if necessary, to the next 1/100 of 1%) of the rates on
overnight Federal funds transactions with members of the Federal Reserve System
arranged by Federal funds brokers, as published on the next succeeding Business
Day by the Federal Reserve Bank of New York, or, if such rate is not so
published for any day that is a Business Day, the average (rounded upwards, if
necessary, to the next 1/100 of 1%) of the quotations for such day for such
transactions received by the Administrative Agent from three Federal funds
brokers of recognized standing selected by it.

          "Fee Letter" means that certain fee letter dated as of June 8, 2005 by
and among the Borrower, J.P. Morgan Securities Inc. as arranger and the
Administrative Agent, as the same may be amended, restated, supplemented or
otherwise modified from time to time.

          "Financial Officer" means the chief financial officer, principal
accounting officer, treasurer or controller of the Borrower.

          "Financials" means the annual or quarterly financial statements, and
accompanying certificates and other documents, of the Borrower required to be
delivered pursuant to Section 5.01(a) or 5.01(b).

          "First-Tier Foreign Subsidiary" means each Foreign Subsidiary with
respect to which any one or more of the Borrower and its Domestic Subsidiaries
directly owns or controls more than 50% of such Foreign Subsidiary's Equity
Interests.

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

          "Foreign Pledge Event" means any time when, as of the most recent
fiscal quarter of the Borrower for which financial statements have been
delivered pursuant to Section 5.01, (i) the aggregate amount of EBITDA of the
Loan Parties and Pledged Subsidiaries and Subsidiaries of the Pledged
Subsidiaries is less than seventy-five percent (75%) of the Borrower's
Consolidated EBITDA for the period of four consecutive fiscal quarters ending
with the end of such quarter or (ii) the aggregate amount of consolidated total
assets of the Loan Parties and Pledged Subsidiaries and Subsidiaries of the
Pledged Subsidiaries is less than seventy-five percent (75%) of the Borrower's
Consolidated Total Assets as of such date.

          "Foreign Subsidiary" means any Subsidiary which is not a Domestic
Subsidiary.

          "GAAP" means generally accepted accounting principles in the United
States of America.

                                        9

<PAGE>

          "Governmental Authority" means the government of the United States of
America, any other nation or any political subdivision thereof, whether state or
local, and any agency, authority, instrumentality, regulatory body, court,
central bank or other entity exercising executive, legislative, judicial,
taxing, regulatory or administrative powers or functions of or pertaining to
government.

          "Guarantee" of or by any Person (the "guarantor") means any
obligation, contingent or otherwise, of the guarantor guaranteeing or having the
economic effect of guaranteeing any Indebtedness or other obligation of any
other Person (the "primary obligor") in any manner, whether directly or
indirectly, and including any obligation of the guarantor, direct or indirect,
(a) to purchase or pay (or advance or supply funds for the purchase or payment
of) such Indebtedness or other obligation or to purchase (or to advance or
supply funds for the purchase of) any security for the payment thereof, (b) to
purchase or lease property, securities or services for the purpose of assuring
the owner of such Indebtedness or other obligation of the payment thereof, (c)
to maintain working capital, equity capital or any other financial statement
condition or liquidity of the primary obligor so as to enable the primary
obligor to pay such Indebtedness or other obligation or (d) as an account party
in respect of any letter of credit or letter of guaranty issued to support such
Indebtedness or obligation; provided, that the term Guarantee shall not include
endorsements for collection or deposit in the ordinary course of business,
assignments of real property leases with recourse to such Person to the extent
such assignments are entered into in the ordinary course of business consistent
with past practice, or any obligation with respect to working capital reserves
established in the ordinary course of business consistent with past practice and
related to settlement advances made to, or on behalf of, processing customers.

          "Hazardous Materials" means all explosive or radioactive substances or
wastes and all hazardous or toxic substances, wastes or other pollutants,
including petroleum or petroleum distillates, asbestos or asbestos containing
materials, polychlorinated biphenyls, radon gas, infectious or medical wastes
and all other substances or wastes of any nature regulated pursuant to any
Environmental Law.

          "Holders of Obligations" means the holders of the Obligations from
time to time and shall include (i) each Lender, (ii) the Administrative Agent
and the Lenders in respect of all other present and future obligations and
liabilities of the Borrower and each Subsidiary of every type and description
arising under or in connection with the Credit Agreement or any other Loan
Document, (iii) each Lender and affiliate of such Lender in respect of Swap
Agreements entered into with such Person by the Borrower or any Subsidiary, (iv)
each indemnified party under Section 9.03 in respect of the obligations and
liabilities of the Borrower to such Person hereunder and under the other Loan
Documents, and (v) their respective successors and (in the case of a Lender,
permitted) transferees and assigns.

          "Holders of Revolving Facility Obligations" means the holders of the
Revolving Facility Obligations from time to time and shall include their
respective successors, transferees and assigns.

          "Holders of Secured Obligations" means the Holders of Obligations and
the Holders of Revolving Facility Obligations.

                                       10

<PAGE>

          "Hostile Acquisition" means (a) the acquisition of the Equity
Interests of a Person through a tender offer or similar solicitation of the
owners of such Equity Interests which has not been approved (prior to such
acquisition) by the board of directors (or any other applicable governing body)
of such Person or by similar action if such Person is not a corporation and (b)
any such acquisition as to which such approval has been withdrawn.

          "Indebtedness" of any Person means, without duplication, (a) all
obligations of such Person for borrowed money or with respect to deposits or
advances of any kind, (b) all obligations of such Person evidenced by bonds,
debentures, notes or similar instruments, (c) all obligations of such Person
upon which interest charges are customarily paid, (d) all obligations of such
Person under conditional sale or other title retention agreements relating to
property acquired by such Person if required to be classified as a liability in
accordance with GAAP, (e) all obligations of such Person in respect of the
deferred purchase price of property or services (excluding (i) current accounts
payable and other accrued liabilities incurred in the ordinary course of
business or incurred in connection with Permitted Acquisitions and (ii)
Contingent Payments associated with Permitted Acquisitions to the extent such
Contingent Payments are not classified as liabilities in accordance with GAAP)
if required to be classified as a liability in accordance with GAAP, (f) all
Indebtedness of others secured by (or for which the holder of such Indebtedness
has an existing right, contingent or otherwise, to be secured by) any Lien on
property owned or acquired by such Person, whether or not the Indebtedness
secured thereby has been assumed, (g) all Guarantees by such Person of
Indebtedness of others, (h) all Capital Lease Obligations of such Person, (i)
all obligations, contingent or otherwise, of such Person as an account party in
respect of letters of credit and letters of guaranty, (j) all obligations,
contingent or otherwise, of such Person in respect of bankers' acceptances and
(k) all Net Mark-to-Market Exposure of such Person. The Indebtedness of any
Person shall include the Indebtedness of any other entity (including any
partnership in which such Person is a general partner) to the extent such Person
is liable therefor as a result of such Person's ownership interest in or other
relationship with such entity. The Indebtedness of any Person shall not include
any liability arising under or related to any employee, officer or director
compensation plan of such Person, severance or income continuation amounts owing
to former officers, employees or directors or any surety bonds, performance
guarantees, operating leases or outsourcing and maintenance obligations.

          "Indemnified Taxes" means Taxes other than Excluded Taxes.

          "Information Memorandum" means the Confidential Information Memorandum
dated June 2005 relating to the Borrower and the Transactions.

          "Intercreditor Agreement" means that certain Intercreditor Agreement
entered into by the Administrative Agent, the Collateral Agent and the Holders
of Revolving Facility Obligations in connection with this Agreement and the
Revolving Facility Documents, as the same may be amended, restated, supplemented
or otherwise modified from time to time.

          "Interest Election Request" means a request by the Borrower to convert
or continue a Borrowing in accordance with Section 2.08.

                                       11

<PAGE>

          "Interest Expense" means, with reference to any period, the interest
expense (including without limitation interest expense under Capital Lease
Obligations that is treated as interest in accordance with GAAP) of such Person
and its subsidiaries calculated on a consolidated basis for such period.

          "Interest Payment Date" means (a) with respect to any ABR Loan, the
last day of each March, June, September and December and (b) with respect to any
Eurodollar Loan, the last day of the Interest Period applicable to the Borrowing
of which such Loan is a part and, in the case of a Eurodollar Borrowing with an
Interest Period of more than three months' duration, each day prior to the last
day of such Interest Period that occurs at intervals of three months' duration
after the first day of such Interest Period.

          "Interest Period" means, with respect to any Eurodollar Borrowing, the
period commencing on the date of such Borrowing and ending on the numerically
corresponding day in the calendar month that is one, two, three or six (or with
the consent of each Lender, twelve) months thereafter, as the Borrower may
elect; provided, that (i) if any Interest Period would end on a day other than a
Business Day, such Interest Period shall be extended to the next succeeding
Business Day unless, in the case of a Eurodollar Borrowing only, such next
succeeding Business Day would fall in the next calendar month, in which case
such Interest Period shall end on the next preceding Business Day and (ii) any
Interest Period pertaining to a Eurodollar Borrowing that commences on the last
Business Day of a calendar month (or on a day for which there is no numerically
corresponding day in the last calendar month of such Interest Period) shall end
on the last Business Day of the last calendar month of such Interest Period. For
purposes hereof, the date of a Borrowing initially shall be the date on which
such Borrowing is made and thereafter shall be the effective date of the most
recent conversion or continuation of such Borrowing.

          "Lenders" means the Persons listed on Schedule 2.01 and any other
Person that shall have become a party hereto pursuant to an Assignment and
Assumption, other than any such Person that ceases to be a party hereto pursuant
to an Assignment and Assumption.

          "Leverage Ratio" is defined in Section 6.9.01.

          "LIBO Rate" means, with respect to any Eurodollar Borrowing for any
Interest Period, the rate appearing on Page 3750 of the Dow Jones Market Service
(or on any successor or substitute page of such Service, or any successor to or
substitute for such Service, providing rate quotations comparable to those
currently provided on such page of such Service, as determined by the
Administrative Agent from time to time for purposes of providing quotations of
interest rates applicable to dollar deposits in the London interbank market) at
approximately 11:00 a.m., London time, two Business Days prior to the
commencement of such Interest Period, as the rate for dollar deposits with a
maturity comparable to such Interest Period. In the event that such rate is not
available at such time for any reason, then the "LIBO Rate" with respect to such
Eurodollar Borrowing for such Interest Period shall be the rate at which dollar
deposits of $5,000,000 and for a maturity comparable to such Interest Period are
offered by the principal London office of the Administrative Agent in
immediately available funds in the London interbank market at approximately
11:00 a.m., London time, two Business Days prior to the commencement of such
Interest Period.

                                       12

<PAGE>

          "Lien" means, with respect to any asset, (a) any mortgage, deed of
trust, lien, pledge, hypothecation, encumbrance, charge or security interest in,
on or of such asset, (b) the interest of a vendor or a lessor under any
conditional sale agreement, capital lease or title retention agreement (or any
financing lease having substantially the same economic effect as any of the
foregoing) relating to such asset and (c) in the case of securities, other than
securities which are Permitted Investments, any purchase option, call or similar
right of a third party with respect to such securities. The interests of the
sellers of any Acquired Entity or Business pursuant to a Permitted Acquisition
in any escrow or similar depository account into which any Contingent Payments
may be deposited in connection with the Acquisition of such Entity or Business
shall not constitute a "Lien."

          "Limited Equity Acquisition" means any acquisition (whether by
purchase, merger, consolidation or otherwise) or series of related acquisitions
by the Borrower or any Subsidiary of 50% or less of the Equity Interests in a
Person.

          "Loans" means the loans made by the Lenders to the Borrower pursuant
to this Agreement.

          "Loan Documents" means this Agreement, any promissory notes executed
and delivered pursuant to Section 2.10(e), the Subsidiary Guaranty, the
Collateral Documents, the Intercreditor Agreement and any and all other
instruments and documents executed and delivered in connection with any of the
foregoing.

          "Loan Parties" means, collectively, the Borrower and the Subsidiary
Guarantors.

          "Material Adverse Effect" means a material adverse effect on (a) the
business, assets, operations, prospects or condition, financial or otherwise, of
the Borrower and the Subsidiaries taken as a whole, (b) the ability of the
Borrower to perform any of its obligations under this Agreement or (c) the
rights of or benefits available to the Lenders under this Agreement and the
other Loan Documents.

          "Maturity Date" means January 1, 2006.

          "Moody's" means Moody's Investors Service, Inc.

          "Multiemployer Plan" means a multiemployer plan as defined in Section
4001(a)(3) of ERISA.

          "Net Income" means, with reference to any period for any Person, the
net income (or loss) of such Person and its subsidiaries calculated on a
consolidated basis for such period.

          "Net Mark-to-Market Exposure" of a Person means, as of any date of
determination, the excess (if any) of all unrealized losses over all unrealized
profits of such Person arising from Swap Agreements. "Unrealized losses" means
the fair market value of the cost to such Person of replacing the transaction
under any Swap Agreement as of the date of determination (assuming such
transaction were to be terminated as of that date), and "unrealized profits"
means the fair market value of the gain to such Person of replacing such
transaction as of the date of determination (assuming such transaction were to
be terminated as of that date).

                                       13

<PAGE>

          "Obligations" means all Loans, advances, debts, liabilities,
obligations, covenants and duties owing by the Borrower or any Subsidiary
Guarantor to the Administrative Agent, any Lender, any Affiliate of the
Administrative Agent or any Lender or any indemnified Person hereunder, of any
kind or nature, present or future, arising under this Agreement, the Subsidiary
Guaranty, any Collateral Document, any Swap Agreement (to the extent such Swap
Agreement is with a Lender or its Affiliate) or any other Loan Document, whether
or not evidenced by any note, guaranty or other instrument, whether or not for
the payment of money, whether arising by reason of an extension of credit, loan,
guaranty, indemnification, or in any other manner, whether direct or indirect
(including those acquired by assignment), absolute or contingent, due or to
become due, now existing or hereafter arising and however acquired. The term
includes, without limitation, all interest, charges, expenses, fees, reasonable
attorneys' fees and disbursements, reasonable paralegals' fees (in each case
whether or not allowed), and any other sum chargeable to the Borrower or any
Subsidiary Guarantor under this Agreement or any other Loan Document.

          "Operating Lease" of a Person means any lease of property (other than
a capital lease under GAAP) by such Person as lessee which has an original term
(including any required renewals and any renewals effective at the option of the
lessor) of one year or more.

          "Other Taxes" means any and all present or future stamp or documentary
taxes or any other excise or property taxes, charges or similar levies arising
from any payment made hereunder or from the execution, delivery or enforcement
of, or otherwise with respect to, this Agreement.

          "Participant" has the meaning set forth in Section 9.04.

          "PBGC" means the Pension Benefit Guaranty Corporation referred to and
defined in ERISA and any successor entity performing similar functions.

          "Permitted Acquisition" means (1) any Acquisition consented to in
writing by the Required Lenders, (2) the WildCard Acquisition and (3) any other
Acquisition (but excluding in any event a Hostile Acquisition) if, at the time
of and immediately after giving effect thereto, (a) no Default has occurred and
is continuing or would arise after giving effect thereto, (b) the principal
business of such Person shall be in the same line of business as, or otherwise
reasonably related to, a business in which the Borrower or a Subsidiary is
engaged on the Effective Date, (c) each Subsidiary formed for the purpose of or
resulting from such Acquisition shall, to the extent required by Section 5.09 be
a Subsidiary Guarantor and to the extent required by Section 5.10 be a Pledged
Subsidiary and all of the Equity Interest of such Subsidiary Guarantor or
Pledged Subsidiary shall be owned directly by the Borrower or, to the extent so
required by such definition, a Subsidiary Guarantor or Pledged Subsidiary, and
all actions required to be taken with respect to such acquired or newly formed
Subsidiary under Sections 5.09 and 5.10 shall have been taken, (d) for
Significant Acquisitions, the Borrower and the Subsidiaries are in compliance,
on a pro forma basis acceptable to the Administrative Agent after giving effect
to such Acquisition (but without giving effect to any synergies), with the
covenants contained in Sections 5.09, 5.10 and 6.09 (provided that, with respect
to determining pro forma compliance with the financial covenants contained in
Section 6.09, Adjusted Consolidated EBITDA shall be substituted in lieu of
Consolidated EBITDA for computing the relevant calculations) recomputed as of
the last day of the most recently ended fiscal quarter of the

                                       14

<PAGE>

Borrower for which financial statements are available, as if such Acquisition
(and any related incurrence or repayment of Indebtedness, with any new
Indebtedness being deemed to be amortized over the applicable testing period in
accordance with its terms) had occurred on the first day of each relevant period
for testing such compliance, (e) no material challenge to such Acquisition
(excluding the exercise of appraisal rights) shall be pending by any shareholder
or director of the seller or Person to be acquired, (f) all material
governmental and corporate approvals required in connection therewith shall have
been obtained, (g) the sum of all Acquisition Consideration paid or otherwise
delivered in connection with any such Acquisition and all such Acquisitions
shall not exceed, on an aggregate basis during the term of this Agreement, the
Permitted Acquisition Amount and (h) the Borrower has delivered to the
Administrative Agent an officers' certificate certifying as to clauses (a), (b),
(c), (d) (if applicable), (e), (f) and (g) above, together with all relevant
financial information for the Person or assets to be acquired and reasonably
detailed calculations demonstrating satisfaction of the requirement set forth in
clause (d) above.

          "Permitted Acquisition Amount" means (a) $200,000,000 of Acquisition
Consideration for all Permitted Acquisitions described in clause (3) of the
definition of "Permitted Acquisitions" during any period of twelve consecutive
calendar months less the amount of all Limited Equity Acquisitions made during
such period and (b) $500,000,000 of Acquisition Consideration for all Permitted
Acquisitions (as so described) during the term of this Agreement less the amount
of all Limited Equity Acquisitions made during the term of this Agreement.

          "Permitted Encumbrances" means:

          (a) Liens imposed by law for taxes that are not yet due or are being
     contested in compliance with Section 5.04;

          (b) carriers', warehousemen's, mechanics', materialmen's, repairmen's
     and other like Liens imposed by law, arising in the ordinary course of
     business and securing obligations that are not overdue by more than 30 days
     or are being contested in compliance with Section 5.04;

          (c) pledges and deposits made in the ordinary course of business in
     compliance with workers' compensation, unemployment insurance and other
     social security laws or regulations;

          (d) deposits to secure the performance of bids, trade contracts,
     leases, statutory obligations, surety and appeal bonds, performance bonds
     and other obligations of a like nature, in each case in the ordinary course
     of business;

          (e) judgment liens in respect of judgments that do not constitute an
     Event of Default under clause (k) of Article VII;

          (f) easements, zoning restrictions, rights-of-way and similar
     encumbrances on real property imposed by law or arising in the ordinary
     course of business that do not secure any monetary obligations and do not
     materially detract from the value of the

                                       15

<PAGE>

     affected property or interfere with the ordinary conduct of business of the
     Borrower or any Subsidiary; and

          (g) any interest or title of a lessor under any operating lease
     entered into in the ordinary course of business;

provided that the term "Permitted Encumbrances" shall not include any Lien
securing Indebtedness.

          "Permitted Investments" means:

          (a) direct obligations of, or obligations the principal of and
     interest on which are unconditionally guaranteed by, the United States of
     America (or by any agency thereof to the extent such obligations are backed
     by the full faith and credit of the United States of America), in each case
     maturing within one year from the date of acquisition thereof;

          (b) obligations issued by any Federal agency of the United States of
     America, in each case maturing within one year from the date of acquisition
     thereof;

          (c) investments in commercial paper maturing within 270 days from the
     date of acquisition thereof and having, at such date of acquisition, the
     highest credit rating described on the Permitted Investments Schedule;

          (d) investments in certificates of deposit, banker's acceptances and
     time deposits maturing within 180 days from the date of acquisition thereof
     issued or guaranteed by or placed with, and money market deposit accounts
     issued or offered by, any domestic office of any commercial bank organized
     under the laws of the United States of America or any State thereof which
     has a combined capital and surplus and undivided profits of not less than
     $500,000,000;

          (e) fully collateralized repurchase agreements with a term of not more
     than 30 days for securities described in clause (a) above and entered into
     with a financial institution satisfying the criteria described in clause
     (d) above;

          (f) money market funds that (i) comply with the criteria set forth in
     Securities and Exchange Commission Rule 2a-7 under the Investment Company
     Act of 1940, (ii) are rated AAA by S&P and Aaa by Moody's and (iii) have
     portfolio assets of at least $5,000,000,000;

          (g) municipal investments and direct obligations of any State of the
     United States of America, in each case with a rating of AAA or higher by
     S&P or Aaa or higher by Moody's and a maximum maturity of 12 months (for
     securities where the interest rate is adjusted periodically (e.g. floating
     rate securities), the reset date will be used to determine the maturity
     date);

          (h) investments in auction rate securities with a rating of AAA or
     higher by S&P or Aaa or higher by Moody's and a maximum maturity of one
     year, for which the reset date will be used to determine the maturity date;
     and

                                       16

<PAGE>

          (i) to the extent not previously described in this definition,
     investments described on the Permitted Investments Schedule.

          "Permitted Investments Schedule" means the schedule attached as
Schedule 6.04 hereto, as the same may be modified from time to time in writing
by the Borrower and agreed to in writing by the Administrative Agent.

          "Person" means any natural person, corporation, limited liability
company, trust, joint venture, association, company, partnership, Governmental
Authority or other entity.

          "Plan" means any employee pension benefit plan (other than a
Multiemployer Plan) subject to the provisions of Title IV of ERISA or Section
412 of the Code or Section 302 of ERISA, and in respect of which the Borrower or
any ERISA Affiliate is (or, if such plan were terminated, would under Section
4069 of ERISA be deemed to be) an "employer" as defined in Section 3(5) of
ERISA.

          "Pledge Agreements" means the pledge agreements, share mortgages,
charges and comparable instruments and documents from time to time executed
pursuant to the terms of Section 5.10 in favor of the Collateral Agent for the
benefit of the Holders of Secured Obligations as amended, restated, supplemented
or otherwise modified from time to time.

          "Pledged Subsidiary" means each First-Tier Foreign Subsidiary all or a
portion of the Equity Interests of which has been pledged pursuant to a Pledge
Agreement in accordance with Section 5.10.

          "Prime Rate" means the rate of interest per annum publicly announced
from time to time by JPMorgan Chase Bank, N.A. as its prime rate in effect at
its principal office; each change in the Prime Rate shall be effective from and
including the date such change is publicly announced as being effective.

          "Register" has the meaning set forth in Section 9.04.

          "Related Parties" means, with respect to any specified Person, such
Person's Affiliates and the respective directors, officers, employees, agents
and advisors of such Person and such Person's Affiliates.

          "Required Lenders" means, at any time, Lenders having Loans
representing more than 50% of the sum of the aggregate principal amount of all
of the Loans at such time.

          "Restricted Payment" means any dividend or other distribution (whether
in cash, securities or other property) with respect to any Equity Interests in
the Borrower or any Subsidiary to any Person which is not a Subsidiary or the
Borrower, or any payment (whether in cash, securities or other property),
including any sinking fund or similar deposit, on account of the purchase,
redemption, retirement, acquisition, cancellation or termination of any such
Equity Interests in the Borrower or any option, warrant or other right to
acquire any such Equity Interests in the Borrower, or any loan, advance or
capital contribution made pursuant to Section 6.04(j).

                                       17

<PAGE>

          "Revolving Facility" means the revolving credit facility evidenced on
the Effective Date by that certain Credit Agreement dated as of the Effective
Date by and among the Borrower, certain lenders party thereto and JPMorgan Chase
Bank, N.A., as administrative agent, as such facility is amended, modified or
replaced from time to time.

          "Revolving Facility Documents" means the instruments and documents
evidencing the Revolving Facility.

          "Revolving Facility Obligations" means the Indebtedness and other
obligations of the Borrower and its Subsidiaries under the Revolving Facility
Documents.

          "S&P" means Standard & Poor's.

          "Sale and Leaseback Transaction" means any sale or other transfer of
assets or property by any Person with the intent to lease any such asset or
property as lessee.

          "SEC" means the Securities and Exchange Commission, or any
Governmental Authority succeeding to any or all of the functions of the
Securities and Exchange Commission.

          "Significant Acquisition" means any Acquisition with respect to which
the Acquisition Consideration exceeds $50,000,000.

          "Significant Indebtedness" means Indebtedness (other than the Loans),
or obligations in respect of one or more Swap Agreements, of any one or more of
the Borrower and its Subsidiaries in an aggregate principal amount exceeding
$5,000,000. For purposes of determining Significant Indebtedness, the "principal
amount" of the obligations of the Borrower or any Subsidiary in respect of any
Swap Agreement at any time shall be the maximum aggregate amount (giving effect
to any netting agreements) that the Borrower or such Subsidiary would be
required to pay if such Swap Agreement were terminated at such time.

          "Statutory Reserve Rate" means a fraction (expressed as a decimal),
the numerator of which is the number one and the denominator of which is the
number one minus the aggregate of the maximum reserve percentages (including any
marginal, special, emergency or supplemental reserves) expressed as a decimal
established by the Board to which the Administrative Agent is subject, with
respect to the Adjusted LIBO Rate, for eurocurrency funding (currently referred
to as "Eurocurrency Liabilities" in Regulation D of the Board). Such reserve
percentages shall include those imposed pursuant to such Regulation D.
Eurodollar Loans shall be deemed to constitute eurocurrency funding and to be
subject to such reserve requirements without benefit of or credit for proration,
exemptions or offsets that may be available from time to time to any Lender
under such Regulation D or any comparable regulation. The Statutory Reserve Rate
shall be adjusted automatically on and as of the effective date of any change in
any reserve percentage.

          "Subordinated Indebtedness" of the Borrower or Subsidiary means any
Indebtedness of such Person the payment of which is subordinated to payment of
the obligations under the Loan Documents to the written satisfaction of, and the
terms and conditions of which are otherwise satisfactory to, the Required
Lenders.

                                       18

<PAGE>

          "Subordinated Indebtedness Documents" means any document, agreement or
instrument evidencing any Subordinated Indebtedness or entered into in
connection with any Subordinated Indebtedness.

          "subsidiary" means, with respect to any Person (the "parent") at any
date, any Person the accounts of which would be consolidated with those of the
parent in the parent's consolidated financial statements if such financial
statements were prepared in accordance with GAAP as of such date, as well as any
other Person (a) of which securities or other ownership interests representing
more than 50% of the equity or more than 50% of the ordinary voting power or, in
the case of a partnership, more than 50% of the general partnership interests
are, as of such date, owned, controlled or held, or (b) that is, as of such
date, 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" means any subsidiary of the Borrower.

          "Subsidiary Guarantor" means each Domestic Subsidiary (i) the EBITDA
of which, as of the most recent fiscal quarter of the Borrower, for the period
of four consecutive fiscal quarters then ended, for which financial statements
have been delivered pursuant to Section 5.01 was greater than five percent (5%)
of the Borrower's Consolidated EBITDA for such period or (ii) the consolidated
total assets of which as of the end of such fiscal quarter were greater than
five percent (5%) of the Borrower's Consolidated Total Assets as of such date;
provided that, if at any time the aggregate amount of the EBITDA or consolidated
total assets of all Domestic Subsidiaries that are not Subsidiary Guarantors
exceeds ten percent (10%) of the Borrower's Consolidated EBITDA for any such
period or ten percent (10%) of the Borrower's Consolidated Total Assets as of
the end of any such fiscal quarter, the Borrower (or, in the event the Borrower
has failed to do so within ten days, the Administrative Agent) shall designate
sufficient Domestic Subsidiaries as "Subsidiary Guarantors" to eliminate such
excess, and such designated Subsidiaries shall for all purposes of this
Agreement constitute Subsidiary Guarantors. The Subsidiary Guarantors on the
Effective Date are identified as such in Schedule 3.01 hereto.

          "Subsidiary Guaranty" means that certain Guaranty (and any and all
supplements thereto) executed by each Subsidiary Guarantor, in substantially the
form of Exhibit D attached hereto, and, in the case of any guaranty by a Foreign
Subsidiary, any other guaranty agreements as are reasonably requested by the
Administrative Agent and its counsel, in each case as amended, restated,
supplemented or otherwise modified from time to time.

          "Swap Agreement" means any agreement with respect to any swap,
forward, future or derivative transaction or option or similar agreement
involving, or settled by reference to, one or more rates, currencies,
commodities, equity or debt instruments or securities, or economic, financial or
pricing indices or measures of economic, financial or pricing risk or value or
any similar transaction or any combination of these transactions; provided that
no phantom stock or similar plan providing for payments only on account of
services provided by current or former directors, officers, employees or
consultants of the Borrower or the Subsidiaries shall be a Swap Agreement.

                                       19

<PAGE>

          "Target" means WildCard Systems, Inc., a Florida corporation.

          "Taxes" means any and all present or future taxes, levies, imposts,
duties, deductions, charges or withholdings imposed by any Governmental
Authority.

          "Term Loan" means the Term Loan made pursuant to Section 2.01.

          "Transactions" means the execution, delivery and performance by the
Loan Parties of this Agreement and the other Loan Documents, the borrowing of
Loans, the use of the proceeds thereof and the consummation of the WildCard
Acquisition.

          "Type", when used in reference to any Loan or Borrowing, refers to
whether the rate of interest on such Loan, or on the Loans comprising such
Borrowing, is determined by reference to the Adjusted LIBO Rate or the Alternate
Base Rate.

          "WildCard Acquisition" means the acquisition by the Borrower, directly
or indirectly, of all issued and outstanding stock of the Target.

          "Withdrawal Liability" means liability to a Multiemployer Plan as a
result of a complete or partial withdrawal from such Multiemployer Plan, as such
terms are defined in Part I of Subtitle E of Title IV of ERISA.

          SECTION 1.02. Classification of Loans and Borrowings. For purposes of
this Agreement, Loans may be classified and referred to by Type (e.g., a
"Eurodollar Loan") and Borrowings also may be classified and referred to by Type
(e.g., a "Eurodollar Borrowing").

          SECTION 1.03. Terms Generally. The definitions of terms herein shall
apply equally to 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". The word "will"
shall be construed to have the same meaning and effect as the word "shall".
Unless the context requires otherwise (a) any definition of or reference to any
agreement, instrument or other document herein shall be construed as referring
to such agreement, instrument or other document as from time to time amended,
supplemented or otherwise modified (subject to any restrictions on such
amendments, supplements or modifications set forth herein), (b) any reference
herein to any Person shall be construed to include such Person's successors and
assigns, (c) the words "herein", "hereof" and "hereunder", and words of similar
import, shall be construed to refer to this Agreement in its entirety and not to
any particular provision hereof, (d) all references herein to Articles,
Sections, Exhibits and Schedules shall be construed to refer to Articles and
Sections of, and Exhibits and Schedules to, this Agreement and (e) the words
"asset" and "property" shall be construed to have the same meaning and effect
and to refer to any and all tangible and intangible assets and properties,
including cash, securities, accounts and contract rights.

          SECTION 1.04. Accounting Terms; GAAP. 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
that, if the Borrower notifies the Administrative Agent that the Borrower
requests an amendment to any provision hereof to

                                       20

<PAGE>

eliminate the effect of any change occurring after the date hereof in GAAP or in
the application thereof on the operation of such provision (or if the
Administrative Agent notifies the Borrower that the Required Lenders request an
amendment to any provision hereof for such purpose), regardless of whether any
such notice is given before or after such change in GAAP or in the application
thereof, then such provision shall be interpreted on the basis of GAAP as in
effect and applied immediately before such change shall have become effective
until such notice shall have been withdrawn or such provision amended in
accordance herewith.

                                   ARTICLE II

                                   The Credits

          SECTION 2.01. Commitments. Subject to the terms and conditions set
forth herein, each Lender agrees to make Loans to the Borrower on the Effective
Date in an aggregate principal amount that will not result in (a) the principal
amount of such Lender's Loans exceeding such Lender's Commitment and (b) the sum
of the aggregate principal amount of the Loans exceeding the total Commitments.

          SECTION 2.02. Loans and Borrowings. (a) Each Loan shall be made as
part of a Borrowing consisting of Loans made by the Lenders ratably in
accordance with their respective Commitments. The failure of any Lender to make
any Loan required to be made by it shall not relieve any other Lender of its
obligations hereunder; provided that the Commitments of the Lenders are several
and no Lender shall be responsible for any other Lender's failure to make Loans
as required.

          (b) Subject to Section 2.14, each Borrowing shall be comprised
entirely of ABR Loans or Eurodollar Loans as the Borrower may request in
accordance herewith. Each Lender at its option may make any Eurodollar Loan by
causing any domestic or foreign branch or Affiliate of such Lender to make such
Loan; provided that any exercise of such option shall not affect the obligation
of the Borrower to repay such Loan in accordance with the terms of this
Agreement.

          (c) At the commencement of each Interest Period for any Eurodollar
Borrowing, such Borrowing shall be in an aggregate amount that is an integral
multiple of $500,000 and not less than $1,000,000. At the time that each ABR
Borrowing is made, such Borrowing shall be in an aggregate amount that is an
integral multiple of $500,000 and not less than $1,000,000. Borrowings of more
than one Type may be outstanding at the same time; provided that there shall not
at any time be more than a total of ten (10) Eurodollar Borrowings outstanding
in the aggregate.

          (d) Notwithstanding any other provision of this Agreement, the
Borrower shall not be entitled to request any Borrowing other than the initial
Borrowing on the Effective Date and shall not be entitled to elect to convert or
continue any Borrowing if the Interest Period requested with respect thereto
would end after the Maturity Date.

          SECTION 2.03. Requests for Borrowing. To request a Borrowing, the
Borrower shall notify the Administrative Agent of such request by telephone (a)
in the case of a Eurodollar

                                       21

<PAGE>

Borrowing, not later than 11:00 a.m., Chicago, Illinois time, three Business
Days before the date of the proposed Borrowing or (b) in the case of an ABR
Borrowing, not later than 11:00 a.m., Chicago, Illinois time, on the date of the
proposed Borrowing. Each such telephonic Borrowing Request shall be irrevocable
and shall be confirmed promptly by hand delivery, electronic communication in
accordance with the terms of Section 9.01(b) or telecopy to the Administrative
Agent of a written Borrowing Request in a form approved by the Administrative
Agent and signed by the Borrower. Each such telephonic and written Borrowing
Request shall specify the following information in compliance with Section 2.02:

          (i) the aggregate amount of the requested Borrowing;

          (ii) the date of such Borrowing, which shall be a Business Day;

          (iii) whether such Borrowing is to be an ABR Borrowing or a Eurodollar
          Borrowing;

          (iv) in the case of a Eurodollar Borrowing, the initial Interest
          Period to be applicable thereto, which shall be a period contemplated
          by the definition of the term "Interest Period"; and

          (v) the location and number of the Borrower's account to which funds
          are to be disbursed, which shall comply with the requirements of
          Section 2.07.

If no election as to the Type of Borrowing is specified, then the requested
Borrowing shall be an ABR Borrowing. If no Interest Period is specified with
respect to any requested Eurodollar Borrowing, then the Borrower shall be deemed
to have selected an Interest Period of one month's duration. Promptly following
receipt of a Borrowing Request in accordance with this Section, the
Administrative Agent shall advise each Lender of the details thereof and of the
amount of such Lender's Loan to be made as part of the requested Borrowing.

          SECTION 2.04. Intentionally Omitted.

          SECTION 2.05. Intentionally Omitted.

          SECTION 2.06. Intentionally Omitted.

          SECTION 2.07. Funding of Borrowings. (a) Each Lender shall make the
Loan to be made by it hereunder on the Effective Date by wire transfer of
immediately available funds by 12:00 noon, Chicago, Illinois time, to the
account of the Administrative Agent most recently designated by it for such
purpose by notice to the Lenders. The Administrative Agent will make such Loans
available to the Borrower by promptly crediting the amounts so received, in like
funds, to an account of the Borrower maintained with the Administrative Agent in
Phoenix, Arizona or such other account as is designated by the Borrower in the
applicable Borrowing Request, all to the extent specified in a written money
transfer instruction in the form of Exhibit E, as supplemented from time to
time.

          (b) Unless the Administrative Agent shall have received notice from a
Lender prior to the proposed date of any Borrowing that such Lender will not
make available to the

                                       22

<PAGE>

Administrative Agent such Lender's share of such Borrowing, the Administrative
Agent may assume that such Lender has made such share available on such date in
accordance with paragraph (a) of this Section and may, in reliance upon such
assumption, make available to the Borrower a corresponding amount. In such
event, if a Lender has not in fact made its share of the applicable Borrowing
available to the Administrative Agent, then the applicable Lender and the
Borrower severally agree to pay to the Administrative Agent forthwith on demand
such corresponding amount with interest thereon, for each day from and including
the date such amount is made available to the Borrower to but excluding the date
of payment to the Administrative Agent, at (i) in the case of such Lender, the
greater of the Federal Funds Effective Rate and a rate determined by the
Administrative Agent in accordance with banking industry rules on interbank
compensation or (ii) in the case of the Borrower, the interest rate applicable
to ABR Loans. If such Lender pays such amount to the Administrative Agent, then
such amount shall constitute such Lender's Loan included in such Borrowing.

          SECTION 2.08. Interest Elections. (a) Each Borrowing initially shall
be of the Type specified in the applicable Borrowing Request and, in the case of
a Eurodollar Borrowing, shall have an initial Interest Period as specified in
such Borrowing Request. Thereafter, the Borrower may elect to convert such
Borrowing to a different Type or to continue such Borrowing and, in the case of
a Eurodollar Borrowing, may elect Interest Periods therefor, all as provided in
this Section. The Borrower may elect different options with respect to different
portions of the affected Borrowing, in which case each such portion shall be
allocated ratably among the Lenders holding the Loans comprising such Borrowing,
and the Loans comprising each such portion shall be considered a separate
Borrowing.

          (b) To make an election pursuant to this Section, the Borrower shall
notify the Administrative Agent of such election by telephone by the time that a
Borrowing Request would be required under Section 2.03 if the Borrower were
requesting a Borrowing of the Type resulting from such election to be made on
the effective date of such election. Each such telephonic Interest Election
Request shall be irrevocable and shall be confirmed promptly by hand delivery,
electronic communication in accordance with the terms of Section 9.01(b) or
telecopy to the Administrative Agent of a written Interest Election Request in a
form approved by the Administrative Agent and signed by the Borrower.

          (c) Each telephonic and written Interest Election Request shall
specify the following information in compliance with Section 2.02:

          (i) the Borrowing to which such Interest Election Request applies and,
     if different options are being elected with respect to different portions
     thereof, the portions thereof to be allocated to each resulting Borrowing
     (in which case the information to be specified pursuant to clauses (iii)
     and (iv) below shall be specified for each resulting Borrowing);

          (ii) the effective date of the election made pursuant to such Interest
     Election Request, which shall be a Business Day;

          (iii) whether the resulting Borrowing is to be an ABR Borrowing or a
     Eurodollar Borrowing; and

                                       23

<PAGE>

          (iv) if the resulting Borrowing is a Eurodollar Borrowing, the
     Interest Period to be applicable thereto after giving effect to such
     election, which shall be a period contemplated by the definition of the
     term "Interest Period".

If any such Interest Election Request requests a Eurodollar Borrowing but does
not specify an Interest Period, then the Borrower shall be deemed to have
selected an Interest Period of one month's duration.

          (d) Promptly following receipt of an Interest Election Request, the
Administrative Agent shall advise each Lender of the details thereof and of such
Lender's portion of each resulting Borrowing.

          (e) If the Borrower fails to deliver a timely Interest Election
Request with respect to a Eurodollar Borrowing prior to the end of the Interest
Period applicable thereto, then, unless such Borrowing is repaid as provided
herein, at the end of such Interest Period such Borrowing shall be converted to
an ABR Borrowing. Notwithstanding any contrary provision hereof, if an Event of
Default has occurred and is continuing and the Administrative Agent, at the
request of the Required Lenders, so notifies the Borrower, then, so long as an
Event of Default is continuing (i) no outstanding Borrowing may be converted to
or continued as a Eurodollar Borrowing and (ii) unless repaid, each Eurodollar
Borrowing shall be converted to an ABR Borrowing at the end of the Interest
Period applicable thereto.

          SECTION 2.09. Termination of Commitments. The Commitments shall
terminate on the Effective Date in accordance with Section 4.1.

          SECTION 2.10. Repayment of Loans; Evidence of Debt. (a) The Borrower
hereby unconditionally promises to pay to the Administrative Agent for the
account of each Lender the then unpaid principal amount of each Loan on the
Maturity Date.

          (b) Each Lender shall maintain in accordance with its usual practice
an account or accounts evidencing the indebtedness of the Borrower to such
Lender resulting from each Loan made by such Lender, including the amounts of
principal and interest payable and paid to such Lender from time to time
hereunder.

          (c) The Administrative Agent shall maintain accounts in which it shall
record (i) the amount of each Loan made hereunder, the Type thereof and the
Interest Period applicable thereto, (ii) the amount of any principal or interest
due and payable or to become due and payable from the Borrower to each Lender
hereunder and (iii) the amount of any sum received by the Administrative Agent
hereunder for the account of the Lenders and each Lender's share thereof.

          (d) The entries made in the accounts maintained pursuant to paragraph
(b) or (c) of this Section shall be prima facie evidence of the existence and
amounts of the obligations recorded therein; provided that the failure of any
Lender or the Administrative Agent to maintain such accounts or any error
therein shall not in any manner affect the obligation of the Borrower to repay
the Loans in accordance with the terms of this Agreement.

                                       24

<PAGE>

          (e) Any Lender may request that Loans made by it be evidenced by a
promissory note. In such event, the Borrower shall execute and deliver to such
Lender a single promissory note payable to the order of such Lender (or, if
requested by such Lender, to such Lender and its registered assigns)
substantially in the form of Exhibit G. Thereafter, the Loans evidenced by such
promissory note and interest thereon shall at all times (including after
assignment pursuant to Section 9.04) be represented by a promissory note in such
form payable to the order of the payee named therein (or, if such promissory
note is a registered note, to such payee and its registered assigns).

          SECTION 2.11. Prepayment of Loans. (a) The Borrower shall have the
right at any time and from time to time to prepay any Borrowing in whole or in
part, subject to prior notice in accordance with paragraph (b) of this Section.

          (b) The Borrower shall notify the Administrative Agent by telephone
(confirmed by telecopy or electronic communication in accordance with the terms
of Section 9.01(b)) of any prepayment hereunder (i) in the case of prepayment of
a Eurodollar Borrowing, not later than 11:00 a.m., Chicago, Illinois time, three
Business Days before the date of prepayment and (ii) in the case of prepayment
of an ABR Borrowing, not later than 11:00 a.m., Chicago, Illinois time, one
Business Day before the date of prepayment. Each such notice shall be
irrevocable and shall specify the prepayment date and the principal amount of
each Borrowing or portion thereof to be prepaid. Promptly following receipt of
any such notice, the Administrative Agent shall advise the Lenders of the
contents thereof. Each prepayment of a Borrowing shall be applied ratably to the
Loans included in the prepaid Borrowing. Prepayments shall be accompanied by
accrued interest to the extent required by Section 2.13.

          SECTION 2.12. Fees.

          (a) The Borrower agrees to pay to the Administrative Agent, for its
own account, fees payable in the amounts and at the times separately agreed upon
between the Borrower and the Administrative Agent.

          (b) All fees payable hereunder shall be paid on the dates due, in
immediately available funds and shall not be refundable under any circumstances.

          SECTION 2.13. Interest. (a) The Loans comprising each ABR Borrowing
shall bear interest at the Alternate Base Rate plus the Applicable Rate.

          (b) The Loans comprising each Eurodollar Borrowing shall bear interest
at the Adjusted LIBO Rate for the Interest Period in effect for such Borrowing
plus the Applicable Rate.

          (c) Notwithstanding the foregoing, if any principal of or interest on
any Loan or any fee or other amount payable by the Borrower hereunder is not
paid when due, whether at stated maturity, upon acceleration or otherwise, such
overdue amount shall bear interest, after as well as before judgment, at a rate
per annum equal to (i) in the case of overdue principal of any Loan, 2% plus the
rate otherwise applicable to such Loan as provided in the preceding paragraphs
of this Section or (ii) in the case of any other amount, 2% plus the rate
applicable to ABR Loans as provided in paragraph (a) of this Section.

                                       25

<PAGE>

          (d) Accrued interest on each Loan shall be payable in arrears on each
Interest Payment Date for such Loan; provided that (i) interest accrued pursuant
to paragraph (c) of this Section shall be payable on demand, (ii) in the event
of any repayment or prepayment of any Loan, accrued interest on the principal
amount repaid or prepaid shall be payable on the date of such repayment or
prepayment and (iii) in the event of any conversion of any Eurodollar Loan prior
to the end of the current Interest Period therefor, accrued interest on such
Loan shall be payable on the effective date of such conversion.

          (e) All interest hereunder shall be computed on the basis of a year of
360 days, except that interest computed by reference to the Alternate Base Rate
at times when the Alternate Base Rate is based on the Prime Rate shall be
computed on the basis of a year of 365 days (or 366 days in a leap year), and in
each case shall be payable for the actual number of days elapsed (including the
first day but excluding the last day). The applicable Alternate Base Rate,
Adjusted LIBO Rate or LIBO Rate shall be determined by the Administrative Agent,
and such determination shall be conclusive absent manifest error.

          SECTION 2.14. Alternate Rate of Interest. If prior to the commencement
of any Interest Period for a Eurodollar Borrowing:

          (a) the Administrative Agent determines (which determination shall be
     conclusive absent manifest error) that adequate and reasonable means do not
     exist for ascertaining the Adjusted LIBO Rate or the LIBO Rate, as
     applicable, for such Interest Period; or

          (b) the Administrative Agent is advised by the Required Lenders that
     the Adjusted LIBO Rate or the LIBO Rate, as applicable, for such Interest
     Period will not adequately and fairly reflect the cost to such Lenders (or
     Lender) of making or maintaining their Loans (or its Loan) included in such
     Borrowing for such Interest Period;

then the Administrative Agent shall give notice thereof to the Borrower and the
Lenders by telephone, electronic communication in accordance with the terms of
Section 9.01(b) or telecopy as promptly as practicable thereafter and, until the
Administrative Agent notifies the Borrower and the Lenders that the
circumstances giving rise to such notice no longer exist, (i) any Interest
Election Request that requests the conversion of any Borrowing to, or
continuation of any Borrowing as, a Eurodollar Borrowing shall be ineffective;
provided that if the circumstances giving rise to such notice affect only one
Type of Borrowings, then the other Type of Borrowings shall be permitted.

          SECTION 2.15. Increased Costs. (a) If any Change in Law generally
applicable to financial institutions of the same classification as a Lender
shall:

          (i) impose, modify or deem applicable any reserve, special deposit or
     similar requirement against assets of, deposits with or for the account of,
     or credit extended by, such Lender (except any such reserve requirement
     reflected in the Adjusted LIBO Rate); or

                                       26

<PAGE>

          (ii) impose on such Lender or the London interbank market any other
     condition affecting this Agreement or Eurodollar Loans made by such Lender
     or participation therein;

and the result of any of the foregoing shall be to increase the cost to such
Lender of making or maintaining any Eurodollar Loan (or of maintaining its
obligation to make any such Loan) or to reduce the amount of any sum received or
receivable by such Lender hereunder (whether of principal, interest or
otherwise), then the Borrower will pay to such Lender such additional amount or
amounts as will compensate such Lender for such additional costs incurred or
reduction suffered.

          (b) If any Lender determines that any Change in Law generally
applicable to financial institutions of the same classification as such Lender
regarding capital requirements has or would have the effect of reducing the rate
of return on such Lender's capital or on the capital of such Lender's holding
company, if any, as a consequence of this Agreement or the Loans made by, such
Lender, to a level below that which such Lender or such Lender's holding company
could have achieved but for such Change in Law (taking into consideration such
Lender's policies and the policies of such Lender's holding company with respect
to capital adequacy), then from time to time the Borrower will pay to such
Lender such additional amount or amounts as will compensate such Lender or such
Lender's holding company for any such reduction suffered.

          (c) A certificate of a Lender setting forth the amount or amounts
necessary to compensate such Lender or its holding company, as the case may be,
as specified in paragraph (a) or (b) of this Section shall be delivered to the
Borrower and shall be conclusive absent manifest error. The Borrower shall pay
such Lender the amount shown as due on any such certificate within 10 days after
receipt thereof.

          (d) Failure or delay on the part of any Lender to demand compensation
pursuant to this Section shall not constitute a waiver of such Lender's right to
demand such compensation; provided that the Borrower shall not be required to
compensate a Lender pursuant to this Section for any increased costs or
reductions incurred more than 180 days prior to the date that such Lender
notifies the Borrower of the Change in Law giving rise to such increased costs
or reductions and of such Lender's intention to claim compensation therefor;
provided further that, if the Change in Law giving rise to such increased costs
or reductions is retroactive, then the 180-day period referred to above shall be
extended to include the period of retroactive effect thereof.

          SECTION 2.16. Break Funding Payments. In the event of (a) the payment
of any principal of any Eurodollar Loan other than on the last day of an
Interest Period applicable thereto (including as a result of an Event of
Default), (b) the conversion of any Eurodollar Loan other than on the last day
of the Interest Period applicable thereto, (c) the failure to borrow, convert,
continue or prepay any Eurodollar Loan on the date specified in any notice
delivered pursuant hereto (regardless of whether such notice may be revoked
under Section 2.11(b) and is revoked in accordance therewith) or (d) the
assignment of any Eurodollar Loan other than on the last day of the Interest
Period applicable thereto as a result of a request by the Borrower pursuant to
Section 2.19, then, in any such event, the Borrower shall compensate each Lender
for the loss,

                                       27

<PAGE>

cost and expense attributable to such event. In the case of a Eurodollar Loan,
such loss, cost or expense to any Lender shall be deemed to include an amount
determined by such Lender to be the excess, if any, of (i) the amount of
interest which would have accrued on the principal amount of such Loan had such
event not occurred, at the Adjusted LIBO Rate that would have been applicable to
such Loan, for the period from the date of such event to the last day of the
then current Interest Period therefor (or, in the case of a failure to borrow,
convert or continue, for the period that would have been the Interest Period for
such Loan), over (ii) the amount of interest which would accrue on such
principal amount for such period at the interest rate which such Lender would
bid were it to bid, at the commencement of such period, for dollar deposits of a
comparable amount and period from other banks in the eurodollar market. A
certificate of any Lender setting forth any amount or amounts that such Lender
is entitled to receive pursuant to this Section shall be delivered to the
Borrower promptly and shall be conclusive absent manifest error. The Borrower
shall pay such Lender the amount shown as due on any such certificate within 10
days after receipt thereof.

          SECTION 2.17. Taxes. (a) Any and all payments by or on account of any
obligation of the Borrower hereunder shall be made free and clear of and without
deduction for any Indemnified Taxes or Other Taxes; provided that if the
Borrower shall be required to deduct any Indemnified Taxes or Other Taxes from
such payments, then (i) the sum payable shall be increased as necessary so that
after making all required deductions (including deductions applicable to
additional sums payable under this Section) the Administrative Agent or Lender
receives an amount equal to the sum it would have received had no such
deductions been made, (ii) the Borrower shall make such deductions and (iii) the
Borrower shall pay the full amount deducted to the relevant Governmental
Authority in accordance with applicable law.

          (b) In addition, the Borrower shall pay any Other Taxes to the
relevant Governmental Authority in accordance with applicable law.

          (c) The Borrower shall indemnify the Administrative Agent and each
Lender, within 10 days after written demand therefor, for the full amount of any
Indemnified Taxes or Other Taxes paid by the Administrative Agent or such
Lender, as the case may be, on or with respect to any payment by or on account
of any obligation of the Borrower hereunder (including Indemnified Taxes or
Other Taxes imposed or asserted on or attributable to amounts payable under this
Section) and any penalties, interest and reasonable expenses arising therefrom
or with respect thereto, whether or not such Indemnified Taxes or Other Taxes
were correctly or legally imposed or asserted by the relevant Governmental
Authority. A certificate as to the amount of such payment or liability delivered
to the Borrower by a Lender, or by the Administrative Agent on its own behalf or
on behalf of a Lender, shall be conclusive absent manifest error.

          (d) As soon as practicable after any payment of Indemnified Taxes or
Other Taxes by the Borrower to a Governmental Authority, the Borrower shall
deliver to the Administrative Agent the original or a certified copy of a
receipt issued by such Governmental Authority evidencing such payment, a copy of
the return reporting such payment or other evidence of such payment reasonably
satisfactory to the Administrative Agent.

          (e) 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 located, or any treaty

                                       28

<PAGE>

to which such jurisdiction is a party, with respect to payments under this
Agreement shall deliver to the Borrower (with a copy to the Administrative
Agent), at the time or times prescribed by applicable law, such properly
completed and executed documentation prescribed by applicable law or reasonably
requested by the Borrower as will permit such payments to be made without
withholding or at a reduced rate.

          (f) If the Administrative Agent or a Lender determines, in its sole
discretion, that it has received a refund of any Taxes or Other Taxes as to
which it has been indemnified by the Borrower or with respect to which the
Borrower has paid additional amounts pursuant to this Section 2.17, it shall pay
over such refund to the Borrower (but only to the extent of indemnity payments
made, or additional amounts paid, by the Borrower under this Section 2.17 with
respect to the Taxes or Other Taxes giving rise to such refund), net of all
out-of-pocket expenses of the Administrative Agent or such Lender and without
interest (other than any interest paid by the relevant Governmental Authority
with respect to such refund); provided, that the Borrower, upon the request of
the Administrative Agent or such Lender, agrees to repay the amount paid over to
the Borrower (plus any penalties, interest or other charges imposed by the
relevant Governmental Authority) to the Administrative Agent or such Lender in
the event the Administrative Agent or such Lender is required to repay such
refund to such Governmental Authority. This Section shall not be construed to
require the Administrative Agent or any Lender to make available its tax returns
(or any other information relating to its taxes which it deems confidential) to
the Borrower or any other Person.

          SECTION 2.18. Payments Generally; Pro Rata Treatment; Sharing of
Set-offs.

          (a) The Borrower shall make each payment required to be made by it
hereunder (whether of principal, interest or fees, or of amounts payable under
Section 2.15, 2.16 or 2.17, or otherwise) prior to 1:00 p.m. Chicago, Illinois
time, on the date when due, in immediately available funds, without set-off or
counterclaim. Any amounts received after such time on any date may, in the
discretion of the Administrative Agent, be deemed to have been received on the
next succeeding Business Day for purposes of calculating interest thereon. All
such payments shall be made to the Administrative Agent at its main office at
Chicago, Illinois, except that payments pursuant to Sections 2.15, 2.16, 2.17
and 9.03 shall be made directly to the Persons entitled thereto. The
Administrative Agent shall distribute any such payments received by it for the
account of any other Person to the appropriate recipient promptly following
receipt thereof. If any payment hereunder shall be due on a day that is not a
Business Day, the date for payment shall be extended to the next succeeding
Business Day, and, in the case of any payment accruing interest, interest
thereon shall be payable for the period of such extension. All payments
hereunder shall be made in dollars.

          (b) If at any time insufficient funds are received by and available to
the Administrative Agent to pay fully all amounts of principal, interest and
fees then due hereunder, such funds shall be applied (i) first, towards payment
of interest and fees then due hereunder, ratably among the parties entitled
thereto in accordance with the amounts of interest and fees then due to such
parties, and (ii) second, towards payment of principal then due hereunder,
ratably among the parties entitled thereto in accordance with the amounts of
principal then due to such parties.

                                       29

<PAGE>

          (c) If any Lender shall, by exercising any right of set-off or
counterclaim or otherwise, obtain payment in respect of any principal of or
interest on any of its Loans resulting in such Lender receiving payment of a
greater proportion of the aggregate amount of its Loans and accrued interest
thereon than the proportion received by any other Lender, then the Lender
receiving such greater proportion shall purchase (for cash at face value)
participations in the Loans of other Lenders to the extent necessary so that the
benefit of all such payments shall be shared by the Lenders ratably in
accordance with the aggregate amount of principal of and accrued interest on
their respective Loans; provided that (i) if any such participations are
purchased and all or any portion of the payment giving rise thereto is
recovered, such participations shall be rescinded and the purchase price
restored to the extent of such recovery, without interest, and (ii) the
provisions of this paragraph shall not be construed to apply to any payment made
by the Borrower pursuant to and in accordance with the express terms of this
Agreement or any payment obtained by a Lender as consideration for the
assignment of or sale of a participation in any of its Loans or to any assignee
or participant, other than to the Borrower or any Subsidiary or Affiliate
thereof (as to which the provisions of this paragraph shall apply). The Borrower
consents to the foregoing and agrees, to the extent it may effectively do so
under applicable law, that any Lender acquiring a participation pursuant to the
foregoing arrangements may exercise against the Borrower rights of set-off and
counterclaim with respect to such participation as fully as if such Lender were
a direct creditor of the Borrower in the amount of such participation.

          (d) Unless the Administrative Agent shall have received notice from
the Borrower prior to the date on which any payment is due to the Administrative
Agent for the account of the Lenders hereunder that the Borrower will not make
such payment, the Administrative Agent may assume that the Borrower has made
such payment on such date in accordance herewith and may, in reliance upon such
assumption, distribute to the Lenders the amount due. In such event, if the
Borrower has not in fact made such payment, then each of the Lenders severally
agrees to repay to the Administrative Agent forthwith on demand the amount so
distributed to such Lender with interest thereon, for each day from and
including the date such amount is distributed to it to but excluding the date of
payment to the Administrative Agent, at the greater of the Federal Funds
Effective Rate and a rate determined by the Administrative Agent in accordance
with banking industry rules on interbank compensation.

          (e) If any Lender shall fail to make any payment required to be made
by it pursuant to Section 2.05(c), 2.06(d) or (e), 2.07(b), 2.18(d) or 9.03(c),
then the Administrative Agent may, in its discretion (notwithstanding any
contrary provision hereof), apply any amounts thereafter received by the
Administrative Agent for the account of such Lender to satisfy such Lender's
obligations under such Sections until all such unsatisfied obligations are fully
paid.

          SECTION 2.19. Mitigation Obligations; Replacement of Lenders. (a) If
any Lender requests compensation under Section 2.15, or if the Borrower is
required to pay any additional amount to any Lender or any Governmental
Authority for the account of any Lender pursuant to Section 2.17, then such
Lender shall use reasonable efforts to designate a different lending office for
funding or booking its Loans hereunder or to assign its rights and obligations
hereunder to another of its offices, branches or affiliates, if, in the judgment
of such Lender, such designation or assignment (i) would eliminate or reduce
amounts payable pursuant to Section 2.15 or 2.17, as the case may be, in the
future and (ii) would not subject such Lender to any

                                       30

<PAGE>

unreimbursed cost or expense and would not otherwise be disadvantageous to such
Lender. The Borrower hereby agrees to pay all reasonable costs and expenses
incurred by any Lender in connection with any such designation or assignment.

          (b) If any Lender requests compensation under Section 2.15, or if the
Borrower is required to pay any additional amount to any Lender or any
Governmental Authority for the account of any Lender pursuant to Section 2.17,
or if any Lender defaults in its obligation to fund Loans hereunder, then the
Borrower may, at its sole expense and effort, upon notice to such Lender and the
Administrative Agent, require such Lender to assign and delegate, without
recourse (in accordance with and subject to the restrictions contained in
Section 9.04), all its interests, rights and obligations under this Agreement to
an assignee that shall assume such obligations (which assignee may be another
Lender, if a Lender accepts such assignment); provided that (i) the Borrower
shall have received the prior written consent of the Administrative Agent, which
consent shall not unreasonably be withheld and shall not be required in the
event that the Lender being replaced is also then acting as the Administrative
Agent, (ii) such Lender shall have received payment of an amount equal to the
outstanding principal of its Loans, accrued interest thereon, accrued fees and
all other amounts payable to it hereunder, from the assignee (to the extent of
such outstanding principal and accrued interest and fees) or the Borrower (in
the case of all other amounts) and (iii) in the case of any such assignment
resulting from a claim for compensation under Section 2.15 or payments required
to be made pursuant to Section 2.17, such assignment will result in a reduction
in such compensation or payments. A Lender shall not be required to make any
such assignment and delegation if, prior thereto, as a result of a waiver by
such Lender or otherwise, the circumstances entitling the Borrower to require
such assignment and delegation cease to apply.

                                   ARTICLE III

                         Representations and Warranties

            The Borrower represents and warrants to the Lenders that:

          SECTION 3.01. Organization; Powers. The Borrower and its Subsidiaries
is duly organized, validly existing and in good standing under the laws of the
jurisdiction of its organization, has all requisite power and authority to carry
on its business as now conducted and, except where the failure to do so,
individually or in the aggregate, could not reasonably be expected to result in
a Material Adverse Effect, is qualified to do business in, and is in good
standing in, every jurisdiction where such qualification is required. Schedule
3.01 hereto (as supplemented from time to time) identifies each Subsidiary, the
jurisdiction of its incorporation or organization, as the case may be, the
percentage of issued and outstanding shares of each class of its capital stock
or other equity interests owned by the Borrower and the other Subsidiaries and,
if such percentage is not 100% (excluding directors' qualifying shares as
required by law), a description of each class issued and outstanding. All of the
outstanding shares of capital stock and other equity interests of each
Subsidiary are validly issued and outstanding and fully paid and nonassessable
and all such shares and other equity interests indicated on Schedule 3.01 as

                                       31

<PAGE>

owned by the Borrower or another Subsidiary are owned, beneficially and of
record, by the Borrower or any Subsidiary free and clear of all Liens (other
than Liens created by the Collateral Documents). Other than pursuant to
stock-based compensation plans and Equity Interests of the Borrower or its
Subsidiaries issuable as Acquisition Consideration in connection with pending or
completed Permitted Acquisitions, there are no outstanding commitments or other
obligations of the Borrower or any Subsidiary to issue, and no options, warrants
or other rights of any Person to acquire, any shares of any class of capital
stock or other equity interests of the Borrower or any Subsidiary.

          SECTION 3.02. Authorization; Enforceability. The Transactions are
within the Borrower's corporate powers and have been duly authorized by all
necessary corporate and, if required, stockholder action. This Agreement has
been duly executed and delivered by the Borrower and constitutes a legal, valid
and binding obligation of the Borrower, enforceable in accordance with its
terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium
or other laws affecting creditors' rights generally and subject to general
principles of equity, regardless of whether considered in a proceeding in equity
or at law.

          SECTION 3.03. Governmental Approvals; No Conflicts. The Transactions
(a) do not require any consent or approval of, registration or filing (other
than Form 8-K filings to be filed with the SEC by the Borrower within 5 Business
Days of the Effective Date) with, or any other action by, any Governmental
Authority, except such as have been obtained or made and are in full force and
effect, (b) will not violate any applicable law or regulation or the charter,
bylaws or other organizational documents of the Borrower or any of its
Subsidiaries or any order of any Governmental Authority, (c) will not violate or
result in a default under any indenture, material agreement or other instrument
binding upon the Borrower or any of its Subsidiaries or its assets, or give rise
to a right thereunder to require any payment to be made by the Borrower or any
of its Subsidiaries, and (d) will not result in the creation or imposition of
any Lien (other than Liens permitted under Section 6.02(b)) on any asset of the
Borrower or any of its Subsidiaries, other than pursuant to the Collateral
Documents.

          SECTION 3.04. Financial Condition; No Material Adverse Effect. (a) The
Borrower has heretofore furnished to the Lenders its consolidated balance sheet
and statements of income, stockholders equity and cash flows (i) as of and for
the fiscal year ended December 31, 2004, reported on by KPMG LLP, independent
public accountants, and (ii) as of and for the fiscal quarter and the portion of
the fiscal year ended March 31, 2005, certified by its chief financial officer.
Such financial statements present fairly, in all material respects, the
financial position and results of operations and cash flows of the Borrower and
its consolidated Subsidiaries as of such dates and for such periods in
accordance with GAAP, subject to year-end audit adjustments and the absence of
footnotes in the case of the statements referred to in clause (ii) above.

          (b) Since December 31, 2004, there has been no event or circumstance
which has resulted in, or could reasonably be expected to result in, a Material
Adverse Effect.

          SECTION 3.05. Properties and Insurance. (a) The Borrower and its
Subsidiaries has good title to, or valid leasehold interests in, all its real
and personal property material to its business, except for minor defects in
title that do not interfere with its ability to conduct its

                                       32

<PAGE>

business as currently conducted or to utilize such properties for their intended
purposes. The Borrower maintains, and has caused each Subsidiary to maintain,
with financially sound and reputable insurance companies insurance on all their
real and personal property in such amounts, subject to such deductibles and
self-insurance retentions and covering such properties and risks as are
customarily maintained by companies engaged in the same or similar businesses
operating in the same or similar locations.

          (b) The Borrower and its Subsidiaries owns, or is licensed to use, all
trademarks, tradenames, copyrights, patents and other intellectual property
material to its business, and the use thereof by the Borrower and its
Subsidiaries does not infringe upon the rights of any other Person, except for
any such infringements that, individually or in the aggregate, could not
reasonably be expected to result in a Material Adverse Effect.

          SECTION 3.06. Litigation, Contingent Obligations, Labor and
Environmental Matters. (a) There are no actions, suits or proceedings by or
before any arbitrator or Governmental Authority pending against or, to the
knowledge of the Borrower, threatened against or affecting the Borrower or any
of its Subsidiaries (i) which could reasonably be expected to result in a
Material Adverse Effect or (ii) that involve this Agreement or the Transactions.
Neither the Borrower nor any Subsidiary has any material contingent obligations
not provided for or disclosed in the financial statements referred to in Section
3.04.

          (b) There are no labor controversies pending against or, to the
knowledge of the Borrower, threatened against or affecting the Borrower or any
of its Subsidiaries (i) which could reasonably be expected, individually or in
the aggregate, to result in a Material Adverse Effect or (ii) that involve this
Agreement or the Transactions.

          (c) Except with respect to any other matters that, individually or in
the aggregate, could not reasonably be expected to result in a Material Adverse
Effect, neither the Borrower nor any of its Subsidiaries (i) has failed to
comply with any Environmental Law or to obtain, maintain or comply with any
permit, license or other approval required under any Environmental Law, (ii) has
become subject to any Environmental Liability, (iii) has received notice of any
claim with respect to any Environmental Liability or (iv) knows of any basis for
any Environmental Liability.

          SECTION 3.07. Compliance with Laws and Agreements. Each of the
Borrower and its Subsidiaries is in compliance with all laws, regulations and
orders of any Governmental Authority applicable to it or its property and all
indentures, agreements and other instruments binding upon it or its property,
except where the failure to do so, individually or in the aggregate, could not
reasonably be expected to result in a Material Adverse Effect.

          SECTION 3.08. Investment and Holding Company Status. Neither the
Borrower nor any of its Subsidiaries is (a) an "investment company" as defined
in, or subject to regulation under, the Investment Company Act of 1940 or (b) a
"holding company" as defined in, or subject to regulation under, the Public
Utility Holding Company Act of 1935.

          SECTION 3.09. Taxes. Each of the Borrower and its Subsidiaries has
timely filed or caused to be filed all Tax returns and reports required to have
been filed and has paid or

                                       33

<PAGE>

caused to be paid all Taxes required to have been paid by it, except (a) Taxes
that are being contested in good faith by appropriate proceedings and for which
the Borrower or such Subsidiary, as applicable, has set aside on its books
adequate reserves or (b) to the extent that the failure to do so could not
reasonably be expected to result in a Material Adverse Effect.

          SECTION 3.10. ERISA. No ERISA Event has occurred or is reasonably
expected to occur that, when taken together with all other such ERISA Events for
which liability is reasonably expected to occur, could reasonably be expected to
result in a Material Adverse Effect.

          SECTION 3.11. Disclosure. The Borrower has disclosed to the Lenders
all agreements, instruments and corporate or other restrictions to which it or
any of its Subsidiaries is subject, and all other matters known to it, that,
individually or in the aggregate, could reasonably be expected to result in a
Material Adverse Effect. Neither the Information Memorandum nor any of the other
reports, financial statements, certificates or other information furnished by or
on behalf of the Borrower to the Administrative Agent or any Lender in
connection with the negotiation of this Agreement or delivered hereunder (as
modified or supplemented by other information so furnished) contains any
material misstatement of fact or omits to state any material fact necessary to
make the statements therein, in the light of the circumstances under which they
were made, not misleading; provided that, with respect to projected financial
information, the Borrower represents only that such information was prepared in
good faith based upon assumptions believed to be reasonable at the time.

          SECTION 3.12. No Default. The Borrower is in full compliance with this
Agreement and no Default or Event of Default has occurred and is continuing.

                                   ARTICLE IV

                                   Conditions

          SECTION 4.01. Effective Date. The obligations of the Lenders to make
Loans hereunder shall not become effective until the date on which each of the
following conditions is satisfied (or waived in accordance with Section 9.02):

          (a) The Administrative Agent (or its counsel) shall have received from
     each party hereto either (i) a counterpart of this Agreement signed on
     behalf of such party or (ii) written evidence satisfactory to the
     Administrative Agent (which may include telecopy transmission of a signed
     signature page of this Agreement) that such party has signed a counterpart
     of this Agreement.

          (b) The Administrative Agent shall have received the favorable written
     opinions (addressed to the Administrative Agent and the Lenders and dated
     the Effective Date) of the General Counsel of the Borrower and Dorsey &
     Whitney LLP, counsel for the Loan Parties, addressing the matters set forth
     on Exhibit B, and covering such other matters relating to the Loan Parties,
     this Agreement or the Transactions as the Required Lenders shall reasonably
     request. The Borrower hereby requests each such counsel to deliver such
     opinions.

                                       34

<PAGE>

          (c) The Administrative Agent shall have received such documents and
     certificates as the Administrative Agent or its counsel may reasonably
     request relating to the organization, existence and good standing of each
     Loan Party, the authorization of the Transactions and any other legal
     matters relating to the Loan Parties, this Agreement or the Transactions,
     as set forth in Exhibit F and all in form and substance satisfactory to the
     Administrative Agent and its counsel.

          (d) The Administrative Agent shall have received a certificate, dated
     the Effective Date and signed by the Chief Executive Officer or a Financial
     Officer of the Borrower, confirming compliance with the conditions set
     forth in paragraphs (a) and (b) of Section 4.02.

          (e) The Administrative Agent shall have received all fees and other
     amounts due and payable on or prior to the Effective Date, including, to
     the extent invoiced, reimbursement or payment of all out-of-pocket expenses
     required to be reimbursed or paid by the Borrower hereunder.

          (f) The Administrative Agent shall have received reasonably
     satisfactory results of due diligence investigation of the Target, the
     Borrower and their respective subsidiaries, including, without limitation,
     contingent liabilities (e.g., environmental, retiree medical benefits,
     ERISA, etc.) and contractual obligations. All financial, accounting and tax
     aspects of the WildCard Acquisition must be reasonably acceptable to the
     Administrative Agent.

          (g) The Administrative Agent and the Lenders shall have received
     evidence satisfactory to them that the Target's and the Borrower's
     respective directors and, to the extent required, shareholders shall have
     approved the WildCard Acquisition; and all regulatory and legal approvals
     for the WildCard Acquisition shall have been obtained.

          (h) There shall exist an absence of any injunction or temporary
     restraining order which, in the judgment of the Administrative Agent or the
     Lenders would prohibit the making of the Loans or the consummation of the
     WildCard Acquisition; and there shall exist an absence of litigation which
     would reasonably be expected to result in a material adverse effect on the
     Target and its subsidiaries.

          (i) The WildCard Acquisition shall have been consummated on terms
     reasonably acceptable to the Administrative Agent and substantially
     concurrently with the making of the initial Loans.

          (j) The Administrative Agent shall have received the audited financial
     statements of the Target for the fiscal year ending December 31, 2004.

          (k) The Administrative Agent shall have received pro forma opening
     financial statements ("Pro Forma Opening Statements") giving effect to the
     WildCard Acquisition and projections ("Updated Projections") updating the
     projections dated as of January 2005 ("Earlier Projections") previously
     provided to the Administrative Agent, together with such information as the
     Administrative Agent may request to confirm the tax, legal and business
     assumptions made in such Pro Forma Opening Statements and Updated

                                       35

<PAGE>

     Projections. The Pro Forma Opening Statements and Updated Projections must
     demonstrate, in the reasonable judgment of the Administrative Agent and the
     Lenders, together with all other information then available to the
     Administrative Agent and the Lenders, that the ability of the Borrower and
     its Subsidiaries to repay their debts and satisfy their respective other
     obligations as and when due and to comply with Section 6.09 has not changed
     in any material respect from the Earlier Projections.

          (l) All legal (including tax implications) and regulatory matters
     shall be satisfactory to the Administrative Agent and the Lenders.

          (m) The agreement or agreements evidencing the WildCard Acquisition
     (collectively, the "Acquisition Agreement") contains terms and conditions
     acceptable to the Administrative Agent and the Lenders (including, without
     limitation, the consideration to be paid in the WildCard Acquisition), the
     representations and warranties contained in the Acquisition Agreement shall
     be true and correct as of the date of the Acquisition Agreement, the
     conditions precedent in the Acquisition Agreement shall have been satisfied
     and the Administrative Agent and the Lenders shall have received, to the
     extent delivered in connection with the WildCard Acquisition, an opinion
     letter of counsel satisfactory to them concerning the enforceability of the
     Acquisition Agreement and its compliance with all applicable law.

          (n) The amounts and forms of the consideration paid in connection with
     the WildCard Acquisition shall be acceptable to the Administrative Agent
     and the Lenders.

          (o) The Administrative Agent and the Lenders shall have received
     opinions of value, solvency and other appropriate factual information and
     advice in form and substance satisfactory to them and from the chief
     financial officer of the Borrower supporting the conclusions that, after
     giving effect to the WildCard Acquisition, the Borrower is solvent and will
     be solvent subsequent to incurring the indebtedness in connection with the
     WildCard Acquisition, will be able to pay its debts and liabilities as they
     become due and will not be left with unreasonably small capital with which
     to engage in its business.

          (p) The Administrative Agent shall have received a copy of any
     fairness opinion issued relating to the terms of the WildCard Acquisition.

          (q) Simultaneously with the making of the initial Loans, all
     obligations under the existing loan facilities of the Target and its
     subsidiaries shall be repaid pursuant to payoff letters in form and
     substance reasonably satisfactory to the Administrative Agent and its
     counsel as well as repayments of all obligations under that certain Credit
     Agreement dated as of February 18, 2005 by and among the Borrower, the
     lenders party thereto and JPMorgan Chase Bank, N.A. as administrative
     agent; provided that the Target may continue to be obligated under certain
     secured indebtedness of the Target with respect to limited recourse
     equipment financing agreements in existence on the date of the WildCard
     Acquisition.

                                       36

<PAGE>

          (r) No Default or Event of Default shall exist on the Effective Date.
     No material adverse change in the business, condition (financial or
     otherwise), operations, performance, properties or prospects of the
     Borrower or any of its Subsidiaries shall have occurred since December 31,
     2004.

          (s) The Administrative Agent shall have determined that there is an
     absence of any material adverse change or disruption in primary or
     secondary loan syndication markets, financial markets, or capital markets
     generally that would likely impair syndication of the credit facility
     evidenced hereby.

          (t) The representations and warranties of the Borrower set forth in
     this Agreement shall be true and correct on and as of the date of such
     Loans.

          (u) At the time of and immediately after giving effect to such Loans,
     no Default shall have occurred and be continuing.

The Administrative Agent shall notify the Borrower and the Lenders of the
Effective Date, and such notice shall be conclusive and binding. Notwithstanding
the foregoing, the obligations of the Lenders to make Loans hereunder shall not
become effective unless each of the foregoing conditions is satisfied (or waived
pursuant to Section 9.02) at or prior to 3:00 p.m., Chicago, Illinois time, on
August 1, 2005 (and, in the event such conditions are not so satisfied or
waived, the Commitments shall terminate at such time).

                                    ARTICLE V

                              Affirmative Covenants

          Until the Commitments have expired or been terminated and the
principal of and interest on each Loan and all fees payable hereunder shall have
been paid in full, the Borrower covenants and agrees with the Lenders that:

          SECTION 5.01. Financial Statements and Other Information. The Borrower
will furnish to the Administrative Agent for distribution to each Lender:

          (a) within the later of (i) 90 days after the end of each fiscal year
     of the Borrower and (ii) the date of submission to the SEC of the
     Borrower's annual financial report on Form 10K, its audited consolidated
     balance sheet and related statements of operations, stockholders' equity
     and cash flows as of the end of and for such year, setting forth in each
     case in comparative form the figures for the previous fiscal year, all
     reported on by KPMG LLP or other independent public accountants of
     recognized national standing (without a "going concern" or like
     qualification or exception and without any qualification or exception as to
     the scope of such audit) to the effect that such consolidated financial
     statements present fairly in all material respects the financial condition
     and results of operations of the Borrower and its consolidated Subsidiaries
     on a consolidated basis in accordance with GAAP consistently applied,
     provided that, the

                                       37

<PAGE>

     delivery to the Administrative Agent of copies of the Borrower's Annual
     Report on Form 10-K shall satisfy the requirements of this clause (a);

          (b) within the later of (i) 45 days after the end of each of the first
     three fiscal quarters of each fiscal year of the Borrower and (ii) the date
     of submission to the SEC of the Borrower's quarterly financial report on
     Form 10-Q, its consolidated balance sheet and related statements of
     operations and cash flows as of the end of and for such fiscal quarter and
     the then elapsed portion of the fiscal year, setting forth in each case in
     comparative form the figures for the corresponding period or periods of
     (or, in the case of the balance sheet, as of the end of) the previous
     fiscal year, all certified by one of its Financial Officers as presenting
     fairly in all material respects the financial condition and results of
     operations of the Borrower and its consolidated Subsidiaries on a
     consolidated basis in accordance with GAAP consistently applied, subject to
     normal year-end audit adjustments and the absence of footnotes, provided
     that, the delivery to the Administrative Agent of copies of the Borrower's
     quarterly financial report to the SEC on Form 10-Q shall satisfy the
     requirements of this clause (b);

          (c) concurrently with any delivery of financial statements under
     clause (a) or (b) above, a certificate of a Financial Officer of the
     Borrower (i) certifying as to whether a Default has occurred and, if a
     Default has occurred, specifying the details thereof and any action taken
     or proposed to be taken with respect thereto, (ii) setting forth reasonably
     detailed calculations demonstrating (A) compliance with Sections 5.10,
     6.01, 6.03(v), 6.04, 6.06 and 6.09 and (B) the determination of the
     Applicable Rate and (iii) stating whether any change in GAAP or in the
     application thereof that has a material financial impact to the Borrower's
     consolidated financial results not described in the financial statements
     delivered pursuant to clause (a) or (b), above, has occurred since the date
     of the audited financial statements referred to in Section 3.04 and, if any
     such change has occurred, specifying the effect of such change on the
     financial statements accompanying such certificate;

          (d) to the extent requested by the Administrative Agent, within 90
     days after the beginning of each fiscal year of the Borrower, a certificate
     of a Financial Officer of the Borrower accompanied by a reasonably detailed
     business plan and forecast (including a projected consolidated balance
     sheet, income statement and statement of cash flows) of the Borrower for
     such fiscal year;

          (e) as soon as available, but in any event within 30 days after the
     creation, sale or dissolution of any Subsidiary, an updated Schedule 3.01
     hereto reflecting appropriate changes thereto;

          (f) promptly after the same become publicly available, copies of all
     periodic and other reports, proxy statements and other materials filed by
     the Borrower or any Subsidiary with the SEC or with any national securities
     exchange, or distributed by the Borrower to its shareholders generally, as
     the case may be; and

          (g) promptly following any request therefor, such other information
     regarding the operations, business affairs and financial condition of the
     Borrower or any Subsidiary, or

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<PAGE>

     compliance with the terms of this Agreement, as the Administrative Agent or
     any Lender may reasonably request.

          SECTION 5.02. Notices of Material Events. The Borrower will furnish to
the Administrative Agent for distribution to each Lender prompt, and in any
event within 5 Business Days after occurrence, written notice of the following:

          (a) the occurrence of any Default; and

          (b) any other development that results in, or could reasonably be
     expected to result in, a Material Adverse Effect.

Each notice delivered under this Section shall be accompanied by a statement of
a Financial Officer or other executive officer of the Borrower setting forth the
details of the event or development requiring such notice and any action taken
or proposed to be taken with respect thereto.

          SECTION 5.03. Existence; Conduct of Business. The Borrower will, and
will cause each of its Subsidiaries to, do or cause to be done all things
necessary to preserve, renew and keep in full force and effect its legal
existence and the rights, licenses, permits, privileges and franchises material
to the conduct of its business; provided that the foregoing shall not prohibit
any merger, consolidation, liquidation or dissolution permitted under Section
6.03.

          SECTION 5.04. Payment of Obligations. The Borrower will, and will
cause each of its Subsidiaries to, pay its obligations, including Tax
liabilities, that, if not paid, could result in a Material Adverse Effect before
the same shall become delinquent or in default, except where (a) the validity or
amount thereof is being contested in good faith by appropriate proceedings, (b)
the Borrower or such Subsidiary has set aside on its books adequate reserves
with respect thereto in accordance with GAAP and (c) the failure to make payment
pending such contest could not reasonably be expected to result in a Material
Adverse Effect.

          SECTION 5.05. Maintenance of Properties; Insurance. The Borrower will,
and will cause each of its Subsidiaries to, (a) keep and maintain all property
material to the conduct of its business in good working order and condition,
ordinary wear and tear excepted, and (b) maintain, with financially sound and
reputable insurance companies, insurance in such amounts and against such risks
as are customarily maintained by companies engaged in the same or similar
businesses operating in the same or similar locations.

          SECTION 5.06. Books and Records; Inspection Rights. The Borrower will,
and will cause each of its Subsidiaries to, keep proper books of record and
account in which full, true and correct entries are made of all dealings and
transactions in relation to its business and activities. The Borrower will, and
will cause each of its Subsidiaries to, permit any representatives designated by
the Administrative Agent, upon reasonable prior notice, to visit and inspect its
properties, to examine and make extracts from its books and records, and to
discuss its affairs, finances and condition with its officers and independent
accountants, all at such reasonable times and as often as reasonably requested.

                                       39

<PAGE>

          SECTION 5.07. Compliance with Laws. The Borrower will, and will cause
each of its Subsidiaries to, comply with all laws, rules, regulations and orders
of any Governmental Authority applicable to it or its property, except where the
failure to do so, individually or in the aggregate, could not reasonably be
expected to result in a Material Adverse Effect.

          SECTION 5.08. Use of Proceeds. The proceeds of the Loans will be used
only to finance the WildCard Acquisition, other Permitted Acquisitions and
expenses incurred in connection therewith and to finance the working capital
needs and other general corporate purposes of the Borrower and its Subsidiaries
in the ordinary course of business. No part of the proceeds of any Loan will be
used, whether directly or indirectly, for any purpose that entails a violation
of any of the Regulations of the Board, including Regulations T, U and X.

          SECTION 5.09. Subsidiary Guaranty. As promptly as possible but in any
event within thirty (30) days (or such later date as may agreed upon by the
Administrative Agent) after any Person becomes a Subsidiary or any Subsidiary
qualifies independently as, or is designated by the Borrower as, a Subsidiary
Guarantor pursuant to the definition of "Subsidiary Guarantor"), the Borrower
shall provide the Administrative Agent with written notice thereof setting forth
information in reasonable detail describing the material assets of such Person
and shall cause each such Subsidiary which also qualifies or is designated by
the Borrower as a Subsidiary Guarantor to deliver to the Administrative Agent
the Subsidiary Guaranty pursuant to which such Subsidiary agrees to be bound by
the terms and provisions of thereof, such Subsidiary Guaranty to be accompanied
by, to the extent requested by the Administrative Agent, appropriate corporate
resolutions, other corporate documentation and legal opinions in form and
substance reasonably satisfactory to the Administrative Agent and its counsel.

          SECTION 5.10. Pledge Agreements. The Borrower shall execute or cause
to be executed, by no later than thirty (30) days (or such later date as is
agreed upon by the Administrative Agent acting in consultation with the Lenders)
after (i) each Foreign Pledge Event and (ii) the consummation of any Acquisition
pursuant to which the certificate described under clause (h) of the definition
of Permitted Acquisition demonstrates that a Foreign Pledge Event will occur as
a result of such acquisition, a Pledge Agreement in favor of the Collateral
Agent for the benefit of the Holders of Secured Obligations with respect to the
Applicable Pledge Percentage of the Equity Interests in each First-Tier Foreign
Subsidiary and all to the extent necessary or appropriate so that a Foreign
Pledge Event no longer exists or, notwithstanding such Acquisition, will not
exist, in each case after giving effect to such pledges; provided that no such
pledge of the Equity Interests in a First-Tier Foreign Subsidiary shall be
required hereunder to the extent such pledge is prohibited by applicable law or
the Administrative Agent and its counsel reasonably determine that such pledge
would not provide material Collateral for the benefit of the Holders of Secured
Obligations pursuant to legally binding, valid and enforceable Pledge
Agreements. The Borrower further agrees to deliver to the Collateral Agent all
such Pledge Agreements and other related Collateral Documents, together with
appropriate corporate resolutions and other corporate documentation (including,
to the extent requested by the Administrative Agent, legal opinions, stock
certificates representing the Equity Interests subject to such pledge, stock
powers with respect thereto executed in blank, and such other documents as shall
be reasonably requested to perfect the Lien of such pledge) in each case in form
and substance reasonably satisfactory to the Administrative Agent and its
counsel,

                                       40

<PAGE>

and in a manner that the Administrative Agent shall be reasonably satisfied that
the Collateral Agent has a first priority perfected pledge of or charge over the
Collateral related thereto.

                                   ARTICLE VI

                               Negative Covenants

          Until the Commitments have expired or terminated and the principal of
and interest on each Loan and all fees payable hereunder have been paid in full,
the Borrower covenants and agrees with the Lenders that:

          SECTION 6.01. Indebtedness. The Borrower will not, and will not permit
any Subsidiary to, create, incur, assume or permit to exist any Indebtedness,
except:

          (a) Indebtedness created hereunder and Indebtedness created under the
     Revolving Facility;

          (b) Subordinated Indebtedness in an aggregate principal amount not to
     exceed $25,000,000;

          (c) Indebtedness existing on the date hereof and set forth in Schedule
     6.01 and extensions, renewals and replacements of any such Indebtedness
     that do not increase the outstanding principal amount thereof;

          (d) Indebtedness of the Borrower to any Subsidiary and of any
     Subsidiary to the Borrower or any other Subsidiary (provided that not more
     than $50,000,000 in loans or advances may be made and remain outstanding,
     during the term of this Agreement, by any Loan Party to a Person which is
     not a Loan Party);

          (e) secured Indebtedness, not otherwise permitted by this Section
     6.01, in an aggregate principal amount not to exceed $15,000,000 at any
     time outstanding;

          (f) Indebtedness secured by Liens permitted under Section 6.02(c);

          (g) Guarantees by the Borrower of Indebtedness of any Subsidiary and
     by any Subsidiary of Indebtedness of the Borrower or any other Subsidiary,
     all to the extent permitted by this Section 6.01, provided that, with
     respect to a guarantee of Subordinated Indebtedness, such guarantee is
     subordinated similarly to such Subordinated Indebtedness;

          (h) Contingent Payments; and

          (i) other unsecured Indebtedness, not otherwise permitted by this
     Section 6.01, in an aggregate principal amount not exceeding $10,000,000 at
     any time outstanding.

          SECTION 6.02. Liens. The Borrower will not, and will not permit any
Subsidiary to, create, incur, assume or permit to exist any Lien on any property
or asset now

                                       41

<PAGE>

owned or hereafter acquired by it, or assign or sell any income or revenues
(including accounts receivable) or rights in respect of any thereof, except:

          (a) Permitted Encumbrances;

          (b) any Lien on any property or asset of the Borrower or any
     Subsidiary existing on the date hereof and set forth in Schedule 6.02;
     provided that (i) such Lien shall not apply to any other property or asset
     of the Borrower or any Subsidiary and (ii) such Lien shall secure only
     those obligations which it secures on the date hereof and extensions,
     renewals and replacements thereof that do not increase the outstanding
     principal amount thereof;

          (c) any Lien existing on any property or asset prior to the
     acquisition thereof by the Borrower or any Subsidiary or existing on any
     property or asset of any Person that becomes a Subsidiary after the date
     hereof prior to the time such Person becomes a Subsidiary; provided that
     (i) such Lien is not created in contemplation of or in connection with such
     acquisition or such Person becoming a Subsidiary, as the case may be, (ii)
     such Lien shall not apply to any other property or assets of the Borrower
     or any Subsidiary and (iii) such Lien shall secure only those obligations
     which it secures on the date of such acquisition or the date such Person
     becomes a Subsidiary, as the case may be and extensions, renewals and
     replacements thereof that do not increase the outstanding principal amount
     thereof;

          (d) licenses, leases or subleases granted to other Persons in the
     ordinary course of business and not interfering in any material respect
     with the businesses of the Borrower or any Subsidiary;

          (e) customary bankers' Liens and rights of setoff arising by operation
     of law and incurred on deposits made in the ordinary course of business;

          (f) Liens created by the Collateral Documents; and

          (g) other Liens securing Indebtedness permitted under Section 6.01(e).

          SECTION 6.03. Mergers; Sales of Assets and other Fundamental Changes.
(a) Unless consented to in writing by the Required Lenders, the Borrower will
not, and will not permit any Subsidiary to, merge into or consolidate with any
other Person, or permit any other Person to merge into or consolidate with it,
or sell, transfer, lease or otherwise dispose (including pursuant to a Sale and
Leaseback Transaction) of (in one transaction or in a series of transactions)
any of its assets (other than (1) sales, leases, transfers or other dispositions
of inventory in the ordinary course of business consistent with past practice,
(2) licenses, leases and subleases permitted by Section 6.02(e) and (3) sales or
dispositions of obsolete, damaged or worn-out equipment disposed of in the
ordinary course of business), or any of the stock of any of its Subsidiaries (in
each case, whether now owned or hereafter acquired), or liquidate or dissolve,
except that, if at the time thereof and immediately after giving effect thereto
no Default shall have occurred and be continuing (i) any Person may merge into
the Borrower or a Subsidiary Guarantor in a transaction in which the Borrower or
such Subsidiary Guarantor is the surviving entity or, in the case of a Person
merging with a Subsidiary Guarantor, such Person becomes a

                                       42

<PAGE>

Subsidiary Guarantor in accordance with the terms of Section 5.09 (provided
that, in connection with the WildCard Acquisition, any such Person shall become
a Subsidiary Guarantor substantially concurrently with the effectiveness of such
merger), (ii) any Subsidiary may merge into another Subsidiary in a transaction
in which the surviving entity is a Subsidiary (provided that any such merger
involving the Borrower or a Subsidiary Guarantor shall result with the Borrower
or such Subsidiary Guarantor as the surviving entity and a merger of the
Borrower and a Subsidiary Guarantor must result in the Borrower as the surviving
entity), (iii) any Loan Party may sell, transfer, lease or otherwise dispose of
its assets to another Loan Party, (iv) any Subsidiary may liquidate or dissolve
if the Borrower reasonably determines in good faith that such liquidation or
dissolution is in the best interests of the Borrower and is not materially
disadvantageous to the Lenders, (v) the Borrower or any Subsidiary may otherwise
sell, transfer, lease or dispose (including pursuant to a Sale and Leaseback
Transaction) of its assets so long as the assets sold or disposed by the
Borrower and its Subsidiaries in any fiscal year do not exceed, in the
aggregate, 10% of Consolidated Total Assets for the then most recently completed
fiscal year of the Borrower; provided that any such merger involving a Person
that is not a wholly owned Subsidiary immediately prior to such merger shall not
be permitted unless also permitted by Section 6.04, (vi) the Borrower may make
dispositions of cash equivalent investments assumed pursuant to a Permitted
Acquisition and replaced with cash or Permitted Investments and (vii) the sale
or discount without recourse of accounts receivable arising in the ordinary
course of business in connection with the compromise or collection thereof.

          (b) The Borrower will not, and will not permit any of its Subsidiaries
to, engage to any material extent in any business other than businesses (and
businesses reasonably related thereto) of the type conducted by the Borrower and
its Subsidiaries on the date of execution of this Agreement.

          SECTION 6.04. Investments, Loans, Advances, Guarantees and
Acquisitions. The Borrower will not, and will not permit any of its Subsidiaries
to, purchase, hold or acquire (including pursuant to any merger with any Person
that was not a wholly owned Subsidiary prior to such merger) any capital stock,
evidences of indebtedness or other securities (including any option, warrant or
other right to acquire any of the foregoing) of, make or permit to exist any
loans or advances to, Guarantee any obligations of, or make or permit to exist
any investment or any other interest in, any other Person, or purchase or
otherwise acquire (in one transaction or a series of transactions) any assets of
any other Person constituting a business unit, except:

          (a) Permitted Investments;

          (b) investments by the Borrower existing on the date hereof in the
capital stock of its Subsidiaries;

          (c) loans, advances or capital contributions made by the Borrower to
any Subsidiary and made by any Subsidiary to the Borrower or any other
Subsidiary (provided that not more than an aggregate of $50,000,000 in loans,
advances or capital contributions may be made and remain outstanding, during the
term of this Agreement, by Loan Parties to Subsidiaries which are not Loan
Parties);

          (d) Guarantees constituting Indebtedness permitted by Section 6.01;

                                       43

<PAGE>

          (e) extensions of trade credit in the ordinary course of business and
settlement advances made to, or on behalf of, processing customers in the
ordinary course of business consistent with past practice;

          (f) loans and advances to employees of the Borrower or any Subsidiary
in the ordinary course of business generally consistent with past practice;

          (g) investments (including debt obligations) received in connection
with the bankruptcy or reorganization of suppliers and customers and in
settlement of delinquent obligations of and other disputes with, customers and
suppliers arising in the ordinary course of business;

          (h) (i) Permitted Acquisitions and (ii) so long as the aggregate
outstanding amount thereof does not exceed $125,000,000, Limited Equity
Acquisitions;

          (i) other investments, loans and advances by the Borrower in or to
entities other than its Subsidiaries in an aggregate outstanding amount not to
exceed $20,000,000; and

          (j) loans, advances or capital contributions made by any Loan Party to
a Subsidiary which is not a Loan Party (in excess of such loans, advances or
capital contributions permitted by Section 6.04(c)) so long as no Default or
Event of Default has occurred and is continuing prior to making such loans,
advances or capital contributions or would arise after giving effect thereto.

          SECTION 6.05. Swap Agreements. The Borrower will not, and will not
permit any of its Subsidiaries to, enter into any Swap Agreement, except (a)
Swap Agreements entered into to hedge or mitigate risks to which the Borrower or
any Subsidiary has actual exposure regardless of maturity (other than those in
respect of Equity Interests of the Borrower or any of its Subsidiaries), and (b)
Swap Agreements entered into in order to effectively cap, collar or exchange
interest rates (from fixed to floating rates, from one floating rate to another
floating rate or otherwise) with respect to any interest-bearing liability or
investment of the Borrower or any Subsidiary.

          SECTION 6.06. Restricted Payments. The Borrower will not, and will not
permit any of its Subsidiaries to, declare or make, or agree to pay or make,
directly or indirectly, any Restricted Payment, except (a) the Borrower may
declare and pay dividends with respect to its Equity Interests payable solely in
additional shares of its common stock, (b) Subsidiaries may declare and pay
dividends ratably with respect to their Equity Interests, (c) the Borrower may
make Restricted Payments pursuant to and in accordance with stock option and
other employee benefit plans or in connection with the severance or termination
of employees of the Borrower or its Subsidiaries, and (d) the Borrower may make
any other Restricted Payment so long as no Default or Event of Default has
occurred and is continuing prior to making such Restricted Payment or would
arise after giving effect thereto.

          SECTION 6.07. Transactions with Affiliates. The Borrower will not, and
will not permit any of its Subsidiaries to, sell, lease or otherwise transfer
any property or assets to, or purchase, lease or otherwise acquire any property
or assets from, or otherwise engage in any other transactions with, any of its
Affiliates, except (a) in the ordinary course of business at

                                       44

<PAGE>

prices and on terms and conditions not less favorable to the Borrower or such
Subsidiary than could be obtained on an arm's-length basis from unrelated third
parties, (b) advances to officers, directors or employees of the Borrower or any
Subsidiary to the extent permitted by Section 6.04, (c) employment,
indemnification, and compensation arrangements (including arrangements made with
respect to bonuses and equity-based awards) entered into in the ordinary course
of business with members of the Board of Directors, officers and employees of
the Borrower or a Subsidiary, (d) transactions between or among the Borrower and
its wholly owned Subsidiaries not involving any other Affiliate, and (e) any
Restricted Payment permitted by Section 6.06.

          SECTION 6.08. Restrictive Agreements. The Borrower will not, and will
not permit any of its Subsidiaries to, directly or indirectly, enter into, incur
or permit to exist any agreement or other arrangement that prohibits, restricts
or imposes any condition upon (a) the ability of the Borrower or any Subsidiary
to create, incur or permit to exist any Lien upon any of its property or assets,
or (b) the ability of any Subsidiary to pay dividends or other distributions
with respect to any shares of its capital stock or to make or repay loans or
advances to the Borrower or any other Subsidiary or to Guarantee Indebtedness of
the Borrower or any other Subsidiary; provided that (i) the foregoing shall not
apply to restrictions and conditions imposed by law or by this Agreement or by
the Revolving Facility Documents, (ii) the foregoing shall not apply to
restrictions and conditions existing on the date hereof identified on Schedule
6.08 (but shall apply to any extension or renewal of, or any amendment or
modification expanding the scope of, any such restriction or condition), (iii)
the foregoing shall not apply to customary restrictions and conditions contained
in agreements relating to the sale of a Subsidiary pending such sale, provided
such restrictions and conditions apply only to the Subsidiary that is to be sold
and such sale is permitted hereunder, (iv) clause (a) of the foregoing shall not
apply to restrictions or conditions imposed by any agreement relating to secured
Indebtedness permitted by this Agreement if such restrictions or conditions
apply only to the property or assets securing such Indebtedness and (v) clause
(a) of the foregoing shall not apply to customary provisions in leases,
contracts or other agreements restricting the assignment thereof.

          SECTION 6.09. Financial Covenants.

          SECTION 6.09.01 Maximum Leverage Ratio. The Borrower will not permit
the ratio (the "Leverage Ratio"), determined as of the end of each of its fiscal
quarters ending on and after June 30, 2005, of (i) Consolidated Total
Indebtedness to (ii) Consolidated EBITDA for the period of 4 consecutive fiscal
quarters ending with the end of such fiscal quarter, all calculated for the
Borrower and its Subsidiaries on a consolidated basis, to be greater than 2.50
to 1.0.

Notwithstanding the foregoing, for purposes of determining the Leverage Ratio
pursuant to this Section, any Indebtedness incurred by the Borrower under the
Revolving Facility in order to make settlement advances as contemplated by
Section 6.04(e) shall not be included in the calculation of Consolidated Total
Indebtedness to the extent that such Indebtedness is repaid within 5 days of the
incurrence thereof.

          SECTION 6.09.02 Minimum Fixed Charge Coverage Ratio. The Borrower will
not permit the ratio (the "Fixed Charge Coverage Ratio"), determined as of the
end of each of its fiscal quarters ending on and after June 30, 2005 for the
period of 4 consecutive fiscal quarters ending with the end of such fiscal
quarter, of (i) Consolidated EBITDAR to (ii) Consolidated

                                       45

<PAGE>

Fixed Charges, all calculated for the Borrower and its Subsidiaries on a
consolidated basis, to be less than 1.75 to 1.0.

          SECTION 6.10. Sale of Accounts. The Borrower will not, nor will it
permit any Subsidiary to, sell or otherwise dispose of any of its notes
receivable or accounts receivable, with or without recourse, except as permitted
under Section 6.03(a)(vii).

          SECTION 6.11. Subordinated Indebtedness and Amendments to Subordinated
Note Documents. The Borrower will not, and will not permit any Subsidiary to,
directly or indirectly voluntarily prepay, defease or in substance defease,
purchase, redeem, retire or otherwise acquire, any Subordinated Indebtedness or
any Indebtedness from time to time outstanding under the Subordinated
Indebtedness Documents. Furthermore, the Borrower will not, and will not permit
any Subsidiary to, amend the Subordinated Indebtedness Documents or any
document, agreement or instrument evidencing any Indebtedness incurred pursuant
to the Subordinated Indebtedness Documents (or any replacements, substitutions,
extensions or renewals thereof) or pursuant to which such Indebtedness is issued
where such amendment, modification or supplement provides for the following or
which has any of the following effects:

          (a) increases the overall principal amount of any such Indebtedness or
     increases the amount of any single scheduled installment of principal or
     interest;

          (b) shortens or accelerates the date upon which any installment of
     principal or interest becomes due or adds any additional mandatory
     redemption provisions;

          (c) shortens the final maturity date of such Indebtedness or otherwise
     accelerates the amortization schedule with respect to such Indebtedness;

          (d) increases the rate of interest accruing on such Indebtedness;

          (e) provides for the payment of additional fees or increases existing
     fees;

          (f) amends or modifies any financial or negative covenant (or covenant
     which prohibits or restricts the Borrower or any Subsidiary from taking
     certain actions) in a manner which is more onerous or more restrictive in
     any material respect to the Borrower or such Subsidiary or which is
     otherwise materially adverse to the Borrower, any Subsidiary and/or the
     Lenders or, in the case of any such covenant, which places material
     additional restrictions on the Borrower or such Subsidiary or which
     requires the Borrower or such Subsidiary to comply with more restrictive
     financial ratios or which requires the Borrower to better its financial
     performance, in each case from that set forth in the existing applicable
     covenants in the Subordinated Indebtedness Documents or the applicable
     covenants in this Agreement; or

          (g) amends, modifies or adds any affirmative covenant in a manner
     which (i) when taken as a whole, is materially adverse to the Borrower, any
     Subsidiary and/or the Lenders or (ii) is more onerous than the existing
     applicable covenant in the Subordinated Indebtedness Documents or the
     applicable covenant in this Agreement.

                                       46

<PAGE>

                                   ARTICLE VII

                                Events of Default

          If any of the following events ("Events of Default") shall occur:

          (a) the Borrower shall fail to pay any principal of any Loan when and
as the same shall become due and payable, whether at the due date thereof or at
a date fixed for prepayment thereof or otherwise;

          (b) the Borrower shall fail to pay any interest on any Loan or any fee
or any other amount (other than an amount referred to in clause (a) of this
Article) payable under this Agreement, when and as the same shall become due and
payable, and such failure shall continue unremedied for a period of five
Business Days;

          (c) any representation or warranty made or deemed made by or on behalf
of the Borrower or any Subsidiary in or in connection with this Agreement, the
Subsidiary Guaranty, any Pledge Agreement, any other Loan Document or any
amendment or modification thereof or waiver thereunder, or in any report,
certificate, financial statement or other document furnished pursuant to or in
connection with this Agreement, the Subsidiary Guaranty, any other Loan Document
or any amendment or modification thereof or waiver thereunder, shall prove to
have been materially incorrect when made or deemed made;

          (d) (i) the Borrower shall fail to observe or perform any covenant,
condition or agreement contained in Sections 5.02, 5.03 (with respect to the
Borrower's existence), 5.08, 5.09 or 5.10 or in Article VI or (ii) any Loan
Document shall for any reason not be or shall cease to be in full force and
effect or is declared to be null and void, or the Borrower or any Subsidiary
takes any action for the purpose of terminating, repudiating or rescinding any
Loan Document or any of its obligations thereunder;

          (e) the Borrower shall fail to observe or perform any covenant,
condition or agreement contained in this Agreement or any other Loan Document
(other than those specified in clause (a), (b) or (d) of this Article), and such
failure shall continue unremedied for a period of 30 days after the earlier to
occur of (i) notice thereof from the Administrative Agent to the Borrower (which
notice will be given at the request of any Lender) or (ii) a Financial Officer
of the Borrower becomes aware of any such breach;

          (f) the Borrower or any Subsidiary shall fail to make any payment
(whether of principal or interest and regardless of amount) in respect of any
Significant Indebtedness, when and as the same shall become due and payable;

          (g) any event or condition occurs that results in any Significant
Indebtedness becoming due prior to its scheduled maturity or that enables or
permits (with or without the giving of notice, the lapse of time or both) the
holder or holders of any Significant Indebtedness or any trustee or agent on its
or their behalf to cause any Significant Indebtedness to become due, or to
require the prepayment, repurchase, redemption or defeasance thereof, prior to
its scheduled maturity; provided that this clause (g) shall not apply to secured
Indebtedness that becomes due as a result of the voluntary sale or transfer of
the property or assets securing such Indebtedness;

                                       47

<PAGE>

          (h) an involuntary proceeding shall be commenced or an involuntary
petition shall be filed seeking (i) liquidation, reorganization or other relief
in respect of the Borrower or any Subsidiary or its debts, or of a substantial
part of its assets, under any Federal, state or foreign bankruptcy, insolvency,
receivership or similar law now or hereafter in effect or (ii) the appointment
of a receiver, trustee, custodian, sequestrator, conservator or similar official
for the Borrower or any Subsidiary or for a substantial part of its assets, and,
in any such case, such proceeding or petition shall continue undismissed for 60
days or an order or decree approving or ordering any of the foregoing shall be
entered;

          (i) the Borrower or any Subsidiary shall (i) voluntarily commence any
proceeding or file any petition seeking liquidation, reorganization or other
relief under any Federal, state or foreign bankruptcy, insolvency, receivership
or similar law now or hereafter in effect, (ii) consent to the institution of,
or fail to contest in a timely and appropriate manner, any proceeding or
petition described in clause (h) of this Article, (iii) apply for or consent to
the appointment of a receiver, trustee, custodian, sequestrator, conservator or
similar official for the Borrower or any Subsidiary or for a substantial part of
its assets, (iv) file an answer admitting the material allegations of a petition
filed against it in any such proceeding, (v) make a general assignment for the
benefit of creditors or (vi) take any action for the purpose of effecting any of
the foregoing;

          (j) the Borrower or any Subsidiary shall become unable, admit in
writing its inability or fail generally to pay its debts as they become due;

          (k) one or more judgments for the payment of money in an aggregate
amount in excess of $5,000,000 shall be rendered against the Borrower, any
Subsidiary or any combination thereof and the same shall remain undischarged for
a period of 30 consecutive days during which execution shall not be effectively
stayed, or any action shall be legally taken by a judgment creditor to attach or
levy upon any assets of the Borrower or any Subsidiary to enforce any such
judgment;

          (l) an ERISA Event shall have occurred that, in the opinion of the
Required Lenders, when taken together with all other ERISA Events that have
occurred, could reasonably be expected to result in a Material Adverse Effect;
or

          (m) a Change in Control shall occur.

then, and in every such event (other than an event with respect to the Borrower
described in clause (h) or (i) of this Article), and at any time thereafter
during the continuance of such event, the Administrative Agent may, and at the
request of the Required Lenders shall, by notice to the Borrower, take either or
both of the following actions, at the same or different times: (i) terminate the
Commitments, and thereupon the Commitments shall terminate immediately, and (ii)
declare the Loans then outstanding to be due and payable in whole (or in part,
in which case any principal not so declared to be due and payable may thereafter
be declared to be due and payable), and thereupon the principal of the Loans so
declared to be due and payable, together with accrued interest thereon and all
fees and other Obligations accrued hereunder and under the other Loan Documents,
shall become due and payable immediately, without presentment, demand, protest
or other notice of any kind, all of which are hereby waived by the Borrower; and

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<PAGE>

in case of any event with respect to the Borrower described in clause (h) or (i)
of this Article, the Commitments shall automatically terminate and the principal
of the Loans then outstanding, together with accrued interest thereon and all
fees and other Obligations accrued hereunder, shall automatically become due and
payable, without presentment, demand, protest or other notice of any kind, all
of which are hereby waived by the Borrower.

                                  ARTICLE VIII

                  The Administrative Agent and Collateral Agent

          Each of the Lenders hereby irrevocably appoints the JPMorgan Chase
Bank, N.A. as Administrative Agent and Collateral Agent hereunder and under each
other Loan Document, and each of the Lenders authorizes each of the Agents to
enter into the Intercreditor Agreement on behalf of such Lender (each Lender
hereby agreeing to be bound by the terms of the Intercreditor Agreement as if it
were a party thereto) and to take such actions on its behalf and on behalf of
the Holders of Secured Obligations and to exercise such powers as are delegated
to the Agents by the terms hereof and the terms of the other Loan Documents,
together with such actions and powers as are reasonably incidental thereto.

          The Administrative Agent 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 Administrative Agent, and such bank and its Affiliates may accept
deposits from, lend money to and generally engage in any kind of business with
the Borrower or any Subsidiary or other Affiliate thereof as if it were not the
Administrative Agent hereunder.

          No Agent shall have any duties or obligations except those expressly
set forth herein. Without limiting the generality of the foregoing, (a) no Agent
shall be subject to any fiduciary or other implied duties, regardless of whether
a Default has occurred and is continuing, (b) no Agent shall have any duty to
take any discretionary action or exercise any discretionary powers, except
discretionary rights and powers expressly contemplated hereby that such Agent is
required to exercise in writing as directed by the Required Lenders (or such
other number or percentage of the Lenders as shall be necessary under the
circumstances as provided in Section 9.02), and (c) except as expressly set
forth herein, no Agent shall have any duty to disclose, and shall not be liable
for the failure to disclose, any information relating to the Borrower or any of
its Subsidiaries that is communicated to or obtained by the bank serving as
either Agent or any of its Affiliates in any capacity. No Agent shall be liable
for any action taken or not taken by it with the consent or at the request of
the Required Lenders (or such other number or percentage of the Lenders as shall
be necessary under the circumstances as provided in Section 9.02) or in the
absence of its own gross negligence or willful misconduct. No Agent shall be
deemed to have knowledge of any Default unless and until written notice thereof
is given to such Agent by the Borrower or a Lender, and neither shall 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, (ii)
the contents of any certificate, report or other document delivered hereunder or
in connection herewith, (iii) the performance or observance of any of the
covenants, agreements or other terms or conditions set forth herein, (iv) the
validity, enforceability, effectiveness or genuineness of this Agreement or any
other agreement, instrument or document, or (v) the

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<PAGE>

satisfaction of any condition set forth in Article IV or elsewhere herein, other
than to confirm receipt of items expressly required to be delivered to such
Agent or (vi) the perfection or priority of any of the Liens on any of the
Collateral.

          The Agents 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 believed by it to be genuine
and to have been signed or sent by the proper Person. The Agents also may rely
upon any statement made to it orally or by telephone and believed by it to be
made by the proper Person, and shall not incur any liability for relying
thereon. The Agents 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.

          Either Agent may perform any and all its duties and exercise its
rights and powers by or through any one or more subagents appointed by such
Agent. The Agents and any such subagent may perform any and all its duties and
exercise its rights and powers through their respective Related Parties. The
exculpatory provisions of the preceding paragraphs shall apply to any such
subagent and to the Related Parties of the Agents and any such subagent, and
shall apply to their respective activities in connection with the syndication of
the credit facilities provided for herein as well as activities as an Agent.

          Subject to the appointment and acceptance of a successor
Administrative Agent as provided in this paragraph, the Administrative Agent may
resign at any time by notifying the Lenders and the Borrower. The Administrative
Agent may be removed at any time with or without cause by written notice
received by the Administrative Agent from the Borrower and the Required Lenders.
Upon any such resignation or removal, the Required Lenders shall have the right,
with the consent of the Borrower, which consent shall not be unreasonably
withheld or delayed, to appoint a successor; provided, that if any Event of
Default has occurred and is continuing, no consent of the Borrower shall be
required. If no successor shall have been so appointed by the Required Lenders
and shall have accepted such appointment within 30 days after the such removal
or resignation, then the retiring or removed Administrative Agent may, on behalf
of the Lenders, appoint a successor Administrative Agent with the consent of the
Borrower; provided, that if an Event of Default has occurred and is continuing,
no consent of the Borrower shall be required. Upon the acceptance of its
appointment as Administrative Agent hereunder by a successor, such successor
shall succeed to and become vested with all the rights, powers, privileges and
duties of the retiring Administrative Agent, and the retiring Administrative
Agent shall be discharged from its duties and obligations hereunder. The fees
payable by the Borrower to a successor Administrative Agent shall be the same as
those payable to its predecessor unless otherwise agreed between the Borrower
and such successor. After the Administrative Agent's resignation or removal
hereunder, the provisions of this Article and Section 9.03 shall continue in
effect for the benefit of such retiring Administrative 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 it was acting as Administrative Agent.

          Each Lender acknowledges that it has, independently and without
reliance upon either Agent or any other Lender 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

                                       50

<PAGE>

also acknowledges that it will, independently and without reliance upon either
Agent or any other Lender 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 related
agreement or any document furnished hereunder or thereunder.

          None of the Lenders, if any, identified in this Agreement as a
Co-Syndication Agent shall have any right, power, obligation, liability,
responsibility or duty under this Agreement other than those applicable to all
Lenders as such. Without limiting the foregoing, none of such Lenders shall have
or be deemed to have a fiduciary relationship with any Lender. Each Lender
hereby makes the same acknowledgments with respect to the relevant Lenders in
their capacity as Co-Syndication Agents as it makes with respect to the
Administrative Agent in the preceding paragraph.

          Except with respect to the exercise of setoff rights of any Lender in
accordance with Section 9.08, the proceeds of which are applied in accordance
with this Agreement, each Lender agrees that it will not take any action, nor
institute any actions or proceedings, against the Borrower or with respect to
any Loan Document, without the prior written consent of the Required Lenders or,
as may be provided in this Agreement or the other Loan Documents, with the
consent of the Administrative Agent.

          The Lenders are not partners or co-venturers, and no Lender shall be
liable for the acts or omissions of, or (except as otherwise set forth herein in
case of the Administrative Agent) authorized to act for, any other Lender. The
Agents shall have the exclusive right on behalf of the Lenders to enforce the
payment of the principal of and interest on any Loan after the date such
principal or interest has become due and payable pursuant to the terms of this
Agreement.

          In its capacity, the Collateral Agent is a "representative" of the
Holders of Secured Obligations within the meaning of the term "secured party" as
defined in the Illinois Uniform Commercial Code. Each Lender authorizes the
Collateral Agent to enter into each of the Collateral Documents to which it is a
party and to take all action contemplated by such documents. Each Lender agrees
that no Holder of Secured Obligations (other than the Collateral Agent) shall
have the right individually to seek to realize upon the security granted by any
Collateral Document, it being understood and agreed that such rights and
remedies may be exercised solely by the Collateral Agent for the benefit of the
Holders of Secured Obligations upon the terms of the Collateral Documents. In
the event that any Collateral is hereafter pledged by any Person as collateral
security for the Obligations, the Collateral Agent is hereby authorized, and
hereby granted a power of attorney, to execute and deliver on behalf of the
Holders of Secured Obligations any Loan Documents necessary or appropriate to
grant and perfect a Lien on such Collateral in favor of the Collateral Agent on
behalf of the Holders of Secured Obligations. The Lenders hereby authorize the
Collateral Agent, at its option and in its discretion, to release any Lien
granted to or held by the Collateral Agent upon any Collateral (i) upon
termination of the Commitments and payment and satisfaction of all of the
Obligations (other than contingent indemnity obligations and Obligations in
respect of Swap Agreements) at any time arising under or in respect of this
Agreement or the Loan Documents or the transactions contemplated hereby or
thereby; (ii) as permitted by, but only in accordance with, the terms of the
applicable Loan Document; or (iii) if approved, authorized or ratified in
writing by the Required Lenders, unless such release is required to be approved
by all of the Lenders hereunder.

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<PAGE>

Upon request by the Collateral Agent at any time, the Lenders will confirm in
writing the Collateral Agent's authority to release particular types or items of
Collateral pursuant hereto. Upon any sale or transfer of assets constituting
Collateral which is permitted pursuant to the terms of any Loan Document, or
consented to in writing by the Required Lenders or all of the Lenders, as
applicable, and upon at least five Business Days' prior written request by the
Borrower to the Collateral Agent, the Collateral Agent shall (and is hereby
irrevocably authorized by the Lenders to) execute such documents as may be
necessary to evidence the release of the Liens granted to the Collateral Agent
for the benefit of the Holders of Secured Obligations herein or pursuant hereto
upon the Collateral that was sold or transferred; provided, however, that (i)
the Collateral Agent shall not be required to execute any such document on terms
which, in the Collateral Agent's reasonable opinion, would expose the Collateral
Agent to liability or create any obligation or entail any consequence other than
the release of such Liens without recourse or warranty, and (ii) such release
shall not in any manner discharge, affect or impair the Obligations or any Liens
upon (or obligations of the Borrower or any Subsidiary in respect of) all
interests retained by the Borrower or any Subsidiary, including (without
limitation) the proceeds of the sale, all of which shall continue to constitute
part of the Collateral.

          The Borrower, on its behalf and on behalf of its Subsidiaries, and
each Lender, on its behalf and on the behalf of its affiliated Holders of
Secured Obligations, hereby irrevocably constitute the Collateral Agent as the
holder of an irrevocable power of attorney (fonde de pouvoir within the meaning
of Article 2692 of the Civil Code of Quebec) in order to hold hypothecs and
security granted by the Borrower or any Subsidiary on property pursuant to the
laws of the Province of Quebec to secure obligations of the Borrower or any
Subsidiary under any bond, debenture or similar title of indebtedness issued by
the Borrower or any Subsidiary in connection with this Agreement, and agree that
the Collateral Agent may act as the bondholder and mandatary with respect to any
bond, debenture or similar title of indebtedness that may be issued by the
Borrower or any Subsidiary and pledged in favor of the Holders of Secured
Obligations in connection with this Agreement. Notwithstanding the provisions of
Section 32 of the An Act respecting the special powers of legal persons
(Quebec), JPMorgan Chase Bank, N.A. as Collateral Agent may acquire and be the
holder of any bond issued by the Borrower or any Subsidiary in connection with
this Agreement (i.e., the fonde de pouvoir may acquire and hold the first bond
issued under any deed of hypothec by the Borrower or any Subsidiary).

          The Collateral Agent is hereby authorized to execute and deliver any
documents necessary or appropriate to create and perfect the rights of pledge
for the benefit of the Holders of Secured Obligations including a right of
pledge with respect to the entitlements to profits, the balance left after
winding up and the voting rights of the Borrower as ultimate parent of any
subsidiary of the Borrower which is organized under the laws of the Netherlands
and the Equity Interests of which are pledged in connection herewith (a "Dutch
Pledge"). Without prejudice to the provisions of this Agreement and the other
Loan Documents, the parties hereto acknowledge and agree with the creation of
parallel debt obligations of the Borrower or any relevant Subsidiary as will be
described in any Dutch Pledge (the "Parallel Debt"), including that any payment
received by the Collateral Agent in respect of the Parallel Debt will -
conditionally upon such payment not subsequently being avoided or reduced by
virtue of any provisions or enactments relating to bankruptcy, insolvency,
preference, liquidation or similar laws of general application - be deemed a
satisfaction of a pro rata portion of the corresponding amounts of the
Obligations, and any payment to the Holders of Secured Obligations in
satisfaction of the

                                       52

<PAGE>

Obligations shall - conditionally upon such payment not subsequently being
avoided or reduced by virtue of any provisions or enactments relating to
bankruptcy, insolvency, preference, liquidation or similar laws of general
application - be deemed as satisfaction of the corresponding amount of the
Parallel Debt. The parties hereto acknowledge and agree that, for purposes of a
Dutch Pledge, any resignation by the Collateral Agent is not effective until its
rights under the Parallel Debt are assigned to the successor Collateral Agent.

                                   ARTICLE IX

                                  Miscellaneous

          SECTION 9.01. Notices. (a) Except in the case of notices and other
communications expressly permitted to be given by telephone (and subject to
paragraph (b) below), all notices and other communications provided for herein
shall be in writing and shall be delivered by hand or overnight courier service,
mailed by certified or registered mail or sent by telecopy or electronic
communication in accordance with the terms of Section 9.01(b), as follows:

          (i) if to the Borrower, to it at 8501 North Scottsdale Road, Suite
     300, Scottsdale, Arizona 85253, Attention of Chief Financial Officer and
     Director of Treasury (Telecopy No. (480) 629-1499), Email addresses:
     George_Gresham@eFunds.com; Helen_Johnson@eFunds.com), with a copy, in the
     case of notices of Default, to the Borrower's General Counsel, at 8501
     North Scottsdale Road, Suite 300, Scottsdale, Arizona 85253, Attention:
     General Counsel, (Telecopy No. (480) 629-1499), Email address:
     Steve_Coleman@eFunds.com);

          (ii) if to the Administrative Agent or Collateral Agent, to JPMorgan
     Chase Bank, N.A., Loan and Agency Services Group, 120 South LaSalle Street,
     Floor 9, Chicago, Illinois 60603, Attention of Nicole Ashford (Telecopy No.
     (312) 661-0116, Email address: nicole_ashford@bankone.com), with copies to
     JPMorgan Chase Bank, N.A., 201 North Central Avenue, 21st Floor, Phoenix,
     Arizona 85004, Attention of Steven J. Krakoski (Telecopy No. (612)
     221-1115, Email address: steven.j.krakoski@chase.com); and

          (iii) if to any other Lender, to it at its address (or telecopy number
     or e-mail address) set forth in its Administrative Questionnaire.

          (b) Notices and other communications to the Lenders hereunder may be
delivered or furnished by electronic communications pursuant to procedures
approved by the Administrative Agent; provided that the foregoing shall not
apply to notices pursuant to Article II unless otherwise agreed by the
Administrative Agent and the applicable Lender. The Administrative Agent or the
Borrower may, in its discretion, agree to accept notices and other
communications to it hereunder by electronic communications pursuant to
procedures approved by it; provided that approval of such procedures may be
limited to particular notices or communications.

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<PAGE>

          (c) Any party hereto may change its address or telecopy number or
e-mail address for notices and other communications hereunder by notice to the
other parties hereto. 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.

          SECTION 9.02. Waivers; Amendments. (a) No failure or delay by the
Administrative Agent or any Lender in exercising any right or power hereunder
shall operate as a waiver thereof, nor shall any single or partial exercise of
any such right or power, or any abandonment or discontinuance of steps to
enforce such a 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
Administrative Agent and the Lenders hereunder are cumulative and are not
exclusive of any rights or remedies that they would otherwise have. No waiver of
any provision of this Agreement or consent to any departure by the Borrower
therefrom shall in any event be effective unless the same shall be permitted by
paragraph (b) of this Section, and then such waiver or consent shall be
effective only in the specific instance and for the purpose for which given.
Without limiting the generality of the foregoing, the making of a Loan shall not
be construed as a waiver of any Default, regardless of whether the
Administrative Agent or any Lender may have had notice or knowledge of such
Default at the time.

          (b) Neither this Agreement nor any provision hereof may be waived,
amended or modified except pursuant to an agreement or agreements in writing
entered into by the Borrower and the Required Lenders or by the Borrower and the
Administrative Agent with the consent of the Required Lenders; provided that (1)
no such agreement shall (i) increase the Commitment of any Lender without the
written consent of such Lender, (ii) reduce the principal amount of any Loan or
reduce the rate of interest thereon, or reduce any fees payable hereunder,
without the written consent of each Lender affected thereby, (iii) postpone the
scheduled date of payment of the principal amount of any Loan, or any interest
thereon, or any fees payable hereunder, or reduce the amount of, waive or excuse
any such payment, or postpone the scheduled date of expiration of any
Commitment, without the written consent of each Lender affected thereby, (iv)
change Section 2.18(b) or (c) in a manner that would alter the pro rata sharing
of payments required thereby, without the written consent of each Lender, (v)
change any of the provisions of this Section or the definition of "Required
Lenders" or any other provision hereof specifying the number or percentage of
Lenders required to waive, amend or modify any rights hereunder or make any
determination or grant any consent hereunder, without the written consent of
each Lender or (vi) other than pursuant to a transaction permitted by the terms
of this Agreement or any other Loan Document, release all or substantially all
of the Collateral which is subject to the Loan Documents; (2) no such agreement
shall amend, modify or otherwise affect the rights or duties of the
Administrative Agent or the Collateral Agent hereunder without the prior written
consent of such Agent, as the case may be and (3) anything herein to the
contrary notwithstanding, the consent of the Borrower shall not be required for
any amendment to this Agreement made pursuant to the provisions of the Fee
Letter that provide for amendments or modifications to the Credit Agreement
without the consent of the Borrower.

          SECTION 9.03. Expenses; Indemnity; Damage Waiver. (a) The Borrower
shall pay (i) all reasonable out-of-pocket expenses incurred by the Agents and
their Affiliates, including the reasonable fees, charges and disbursements of
counsel for each Agent, in connection with the syndication of the credit
facilities provided for herein, the preparation and

                                       54

<PAGE>

administration of the Loan Documents or any amendments, modifications or waivers
of the provisions thereof (whether or not the transactions contemplated hereby
or thereby shall be consummated) and (ii) all out-of-pocket expenses incurred by
either Agent or any Lender, including the reasonable fees, charges and
disbursements of any counsel for either Agent or any Lender, in connection with
the enforcement or protection of its rights in connection with the Loan
Documents, including its rights under this Section, or in connection with the
Loans made hereunder, including all such out-of-pocket expenses incurred during
any workout, restructuring or negotiations in respect of such Loans.

          (b) The Borrower shall indemnify the Agents and each Lender, and each
Related Party of any of the foregoing Persons (each such Person being called an
"Indemnitee") against, and hold each Indemnitee harmless from, any and all
losses, claims, damages, liabilities and related expenses, including the fees,
charges and disbursements of any counsel for any Indemnitee, incurred by or
asserted against any Indemnitee arising out of, in connection with, or as a
result of (i) the execution or delivery of the Loan Documents or any agreement
or instrument contemplated thereby, the performance by the parties hereto of
their respective obligations hereunder or the consummation of the Transactions
or any other transactions contemplated hereby, (ii) any Loan or the use of the
proceeds therefrom, (iii) any actual or alleged presence or release of Hazardous
Materials on or from any property owned or operated by the Borrower or any of
its Subsidiaries, or any Environmental Liability related in any way to the
Borrower or any of its Subsidiaries, or (iv) any actual or prospective claim,
litigation, investigation or proceeding relating to any of the foregoing,
whether based on contract, tort or any other theory and regardless of whether
any Indemnitee is a party thereto; provided that such indemnity shall not, as to
any Indemnitee, be available to the extent that such losses, claims, damages,
liabilities or related expenses are determined by a court of competent
jurisdiction by final and nonappealable judgment to have resulted from the gross
negligence or willful misconduct of such Indemnitee. A Person seeking to be
indemnified under this Section 9.03 shall notify the Borrower of any event
requiring indemnification within 30 days following such Person's receipt of
notice of commencement of any action or proceeding, or such Person's obtaining
knowledge of the occurrence of any other event, giving rise to a claim for
indemnification hereunder, and furthermore such Person agrees to notify the
Borrower from time to time of the status of any such action or proceeding;
provided, that the failure to so notify the Borrower shall not affect the
Borrower's duty or obligations under this Section 9.03.

          (c) To the extent that the Borrower fails to pay any amount required
to be paid by it to the Agents under paragraph (a) or (b) of this Section, each
Lender severally agrees to pay to the relevant Agent such Lender's Applicable
Percentage (determined as of the time that the applicable unreimbursed expense
or indemnity payment is sought) of such unpaid amount; provided that the
unreimbursed expense or indemnified loss, claim, damage, liability or related
expense, as the case may be, was incurred by or asserted against the relevant
Agent in its capacity as such.

          (d) To the extent permitted by applicable law, the Borrower shall not
assert, and hereby waives, any claim against any Indemnitee, on any theory of
liability, for special, indirect, consequential or punitive damages (as opposed
to direct or actual damages) arising out of, in connection with, or as a result
of, this Agreement or any agreement or instrument contemplated hereby, the
Transactions, any Loan or the use of the proceeds thereof.

                                       55

<PAGE>

          (e) All amounts due under this Section shall be payable not later than
15 days after written demand therefor.

          SECTION 9.04. Successors and Assigns. (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 (i)
the Borrower may not assign or otherwise transfer any of its rights or
obligations hereunder without the prior written consent of each Lender (and any
attempted assignment or transfer by the Borrower without such consent shall be
null and void) and (ii) no Lender may assign or otherwise transfer its rights or
obligations hereunder except in accordance with this Section. 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 paragraph (c) of this
Section) and, to the extent expressly contemplated hereby, the Related Parties
of each of the Administrative Agent and the Lenders) any legal or equitable
right, remedy or claim under or by reason of this Agreement.

          (b)(i) Subject to the conditions set forth in paragraph (b)(ii) below,
any Lender may assign to one or more assignees all or a portion of its rights
and obligations under this Agreement (including all or a portion of its
Commitment and the Loans at the time owing to it) with the prior written consent
(such consent not to be unreasonably withheld) of:

               (A) the Borrower, provided that no consent of the Borrower shall
     be required for an assignment to a Lender, an Affiliate of a Lender, an
     Approved Fund or, if an Event of Default has occurred and is continuing,
     any other assignee; and

               (B) the Administrative Agent.

          (ii) Assignments shall be subject to the following additional
conditions:

               (A) except in the case of an assignment to a Lender or an
     Affiliate of a Lender or an assignment of the entire remaining amount of
     the assigning Lender's Commitment or Loans, the amount of the Commitment or
     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 Administrative Agent) shall not be less than
     $5,000,000 unless each of the Borrower and the Administrative Agent
     otherwise consent, provided that no such consent of the Borrower shall be
     required if an Event of Default has occurred and is continuing;

               (B) 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;

               (C) the parties to each assignment shall execute and deliver to
     the Administrative Agent an Assignment and Assumption, together with a
     processing and recordation fee of $3,500; and

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<PAGE>

               (D) the assignee, if it shall not be a Lender, shall deliver to
     the Administrative Agent an Administrative Questionnaire and shall agree to
     be bound by Section 9.12 hereof.

          For the purposes of this Section 9.04(b), the term "Approved Fund" has
the following meaning:

          "Approved Fund" means any Person (other than a natural person) that is
engaged in making, purchasing, holding or investing in bank loans and similar
extensions of credit in the ordinary course of its business and 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.

          (iii) Subject to acceptance and recording thereof pursuant to
paragraph (b)(iv) of this Section, from and after the effective date specified
in each Assignment and Assumption the assignee thereunder shall be a party
hereto 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 2.15, 2.16, 2.17 and 9.03). Any assignment or transfer by a
Lender of rights or obligations under this Agreement that does not comply with
this Section 9.04 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
paragraph (c) of this Section.

          (iv) The Administrative Agent, acting for this purpose as an agent of
the Borrower, shall maintain at one of its offices 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 Commitment of, and principal amount of the
Loans 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 Administrative 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 and any Lender, at
any reasonable time and from time to time upon reasonable prior notice.

          (v) Upon its receipt of a duly completed Assignment and Assumption
executed by an assigning Lender and an assignee, the assignee's completed
Administrative Questionnaire (unless the assignee shall already be a Lender
hereunder), the processing and recordation fee referred to in paragraph (b) of
this Section and any written consent to such assignment required by paragraph
(b) of this Section, the Administrative Agent shall accept such Assignment and
Assumption and record the information contained therein in the Register;
provided that if either the assigning Lender or the assignee shall have failed
to make any payment required to be made by it pursuant to Section 2.05(c),
2.06(d) or (e), 2.07(b), 2.18(d) or 9.03(c), the Administrative Agent shall have
no obligation to accept such Assignment and Assumption and record the
information therein in the Register unless and until such payment shall have
been made in full,

                                       57

<PAGE>

together with all accrued interest thereon. No assignment shall be effective for
purposes of this Agreement unless it has been recorded in the Register as
provided in this paragraph.

          (b) (i) Any Lender may, without the consent of the Borrower and the
Administrative Agent sell participations to one or more banks or other entities
(a "Participant") in all or a portion of such Lender's rights and obligations
under this Agreement (including all or a portion of its Commitment and the Loans
owing to it); provided that (A) such Lender's obligations under this Agreement
shall remain unchanged, (B) such Lender shall remain solely responsible to the
other parties hereto for the performance of such obligations and (C) the
Borrower, the Administrative Agent and the other Lenders 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, modification or waiver
described in the first proviso to Section 9.02(b) that affects such Participant.
Subject to paragraph (c)(ii) of this Section, the Borrower agrees that each
Participant shall be entitled to the benefits of Sections 2.15, 2.16 and 2.17 to
the same extent as if it were a Lender and had acquired its interest by
assignment pursuant to paragraph (b) of this Section. To the extent permitted by
law, each Participant also shall be entitled to the benefits of Section 9.08 as
though it were a Lender, provided such Participant agrees to be subject to
Section 2.18(c) as though it were a Lender.

          (ii) A Participant shall not be entitled to receive any greater
payment under Section 2.15 or 2.17 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
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 2.17 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
2.17(e) as though it were a Lender.

          (c) Any Lender may at any time pledge or assign a security interest in
all or any portion of its rights under this Agreement to secure obligations of
such Lender, including without limitation any pledge or assignment to secure
obligations to a Federal Reserve Bank, and this Section shall not apply to any
such pledge or assignment of a security interest; provided that no such pledge
or assignment of a security interest shall release a Lender from any of its
obligations hereunder or substitute any such pledgee or assignee for such Lender
as a party hereto.

          SECTION 9.05. Survival. All covenants, agreements, representations and
warranties made by the Borrower herein and in the certificates or other
instruments delivered in connection with or pursuant to this Agreement shall be
considered to have been relied upon by the other parties hereto and shall
survive the execution and delivery of this Agreement and the making of any
Loans, regardless of any investigation made by any such other party or on its
behalf and notwithstanding that the Administrative Agent or any Lender may have
had notice or knowledge of any Default or incorrect representation or warranty
at the time any credit is extended hereunder, and shall continue in full force
and effect as long as the principal of or any

                                       58

<PAGE>

accrued interest on any Loan or any fee or any other amount payable under this
Agreement is outstanding and unpaid and so long as the Commitments have not
expired or terminated. The provisions of Sections 2.15, 2.16, 2.17 and 9.03 and
Article VIII shall survive and remain in full force and effect regardless of the
consummation of the transactions contemplated hereby, the repayment of the
Loans, the expiration or termination of the Commitments or the termination of
this Agreement or any provision hereof.

          SECTION 9.06. Counterparts; Integration; Effectiveness. This Agreement
may be executed in counterparts (and by different parties hereto on different
counterparts), each of which shall constitute an original, but all of which when
taken together shall constitute a single contract. This Agreement, the Fee
Letter and any other letter agreements with respect to fees payable to the
Administrative Agent, and other matters described therein constitute the entire
contract among the parties relating to the subject matter hereof and supersede
any and all previous agreements and understandings, oral or written, relating to
the subject matter hereof. Except as provided in Section 4.01, this Agreement
shall become effective when it shall have been executed by the Administrative
Agent and when the Administrative Agent shall have received counterparts hereof
which, when taken together, bear the signatures of each of the other parties
hereto, and thereafter shall be binding upon and inure to the benefit of the
parties hereto and their respective successors and assigns. Delivery of an
executed counterpart of a signature page of this Agreement by telecopy or
electronic communication in accordance with the terms of Section 9.01(b) shall
be effective as delivery of a manually executed counterpart of this Agreement.

          SECTION 9.07. Severability. Any provision of this Agreement held to be
invalid, illegal or unenforceable in any jurisdiction shall, as to such
jurisdiction, be ineffective to the extent of such invalidity, illegality or
unenforceability without affecting the validity, legality and enforceability of
the remaining provisions hereof; and the invalidity of a particular provision in
a particular jurisdiction shall not invalidate such provision in any other
jurisdiction.

          SECTION 9.08. Right of Setoff. If an Event of Default shall have
occurred and be continuing, each Lender and each of its Affiliates 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 obligations at any time
owing by such Lender or Affiliate to or for the credit or the account of the
Borrower against any of and all the obligations of the Borrower now or hereafter
existing under this Agreement held by such Lender, irrespective of whether or
not such Lender shall have made any demand under this Agreement and although
such obligations may be unmatured. The rights of each Lender under this Section
are in addition to other rights and remedies (including other rights of setoff)
which such Lender may have.

          SECTION 9.09. Governing Law; Jurisdiction; Consent to Service of
Process. (a) This Agreement shall be construed in accordance with and governed
by the internal laws (including, without limitation, 735 ILCS Section 105/5-1 et
seq, but otherwise without regard to the conflict of laws provisions) of the
State of Illinois, but giving effect to federal laws applicable to national
banks.

                                       59

<PAGE>

          (b) The Borrower hereby irrevocably and unconditionally submits, for
itself and its property, to the nonexclusive jurisdiction of any United States
federal or Illinois state court sitting in Chicago, Illinois, and any appellate
court from any thereof, in any action or proceeding arising out of or relating
to this Agreement, or for recognition or enforcement of any judgment, and each
of the parties hereto hereby irrevocably and unconditionally agrees that all
claims in respect of any such action or proceeding may be heard and determined
in such Illinois State or, to the extent permitted by law, in such Federal
court. Each of the parties hereto agrees 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.
Nothing in this Agreement shall affect any right that the Administrative Agent
or any Lender may otherwise have to bring any action or proceeding relating to
this Agreement against the Borrower or its properties in the courts of any
jurisdiction.

          (c) The Borrower 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 suit, action or proceeding
arising out of or relating to this Agreement in any court referred to in
paragraph (b) of this Section. 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.

          (d) Each party to this Agreement irrevocably consents to service of
process in the manner provided for notices in Section 9.01. Nothing in this
Agreement will affect the right of any party to this Agreement to serve process
in any other manner permitted by law.

          SECTION 9.10. WAIVER OF JURY TRIAL. EACH PARTY HERETO HEREBY WAIVES,
TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A
TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR
RELATING TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY (WHETHER
BASED ON CONTRACT, TORT OR ANY OTHER THEORY). EACH PARTY HERETO (A) CERTIFIES
THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED,
EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF
LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT
AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY,
AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION.

          SECTION 9.11. Headings. Article and Section headings and the Table of
Contents used herein are for convenience of reference only, are not part of this
Agreement and shall not affect the construction of, or be taken into
consideration in interpreting, this Agreement.

          SECTION 9.12. Confidentiality. Each of the Administrative Agent and
the Lenders agrees to maintain the confidentiality of the Information (as
defined below), except that Information may be disclosed (a) to its and its
Affiliates' directors, officers, employees and agents, including accountants,
legal counsel and other advisors who request the Information in order to
implement the terms of this Agreement and establish, administer and enforce
rights or remedies with respect to the credit facility hereunder (it being
understood that the Persons to

                                       60

<PAGE>

whom such disclosure is made will be informed of the confidential nature of such
Information and instructed to keep such Information confidential), (b) to the
extent requested by any regulatory authority, (c) to the extent required by
applicable laws or regulations or by any subpoena or similar legal process, (d)
(i) to any other party to this Agreement which has agreed to be bound by the
terms of this Section and (ii) to any prospective or proposed Lender which has
agreed to be bound by an agreement containing confidentiality provisions
substantially the same as this paragraph or otherwise acceptable to the
Borrower, (e) in connection with the exercise of any remedies hereunder or any
suit, action or proceeding relating to this Agreement or the enforcement of
rights hereunder, (f) subject to an agreement containing provisions
substantially the same as those of this Section, to (i) any assignee of or
Participant in, or any prospective assignee of or Participant in, any of its
rights or obligations under this Agreement or (ii) any actual or prospective
counterparty (or its advisors) to any swap or derivative transaction relating to
the Borrower and its obligations, (g) with the consent of the Borrower or (h) to
the extent such Information (i) becomes publicly available other than as a
result of a breach of this Section or (ii) becomes available to the
Administrative Agent or any Lender on a nonconfidential basis from a source
other than the Borrower, which source is not known by the relevant officers and
employees of the Administrative Agent or such Lender involved in the credit
facility evidenced hereby to be bound by a confidentiality agreement with the
Borrower. For the purposes of this Section, "Information" means (i) the
commitment letter, term sheet and fee letters entered into in connection
herewith, (ii) all financial information and projections as has been requested
by the Administrative Agent from the Borrower in connection with the arrangement
and syndication of the credit facility evidenced hereby and (iii) all other
information received from the Borrower relating to the Borrower or its business,
other than any such information that is available to the Administrative Agent or
any Lender on a nonconfidential basis prior to disclosure by the Borrower. Any
Person required to maintain the confidentiality of Information as provided in
this Section (i) shall be considered to have complied with its obligation to do
so if such Person has exercised the same degree of care to maintain the
confidentiality of such Information as such Person would accord to its own
confidential information and (ii) agrees that money damages would not be a
sufficient remedy for any breach of agreement under this paragraph by such
Person or its agents, advisors or employees and that, in addition to all other
available legal or equitable remedies, the Borrower shall be entitled to
equitable relief, including injunction and specific performance, for any breach
of the provisions of this Section, without proof of actual damages.

          SECTION 9.13. USA PATRIOT Act. Each Lender that is subject to the
requirements of the USA Patriot Act (Title III of Pub. L. 107-56 (signed into
law October 26, 2001)) (the "Act") hereby notifies the Borrower that pursuant to
the requirements of the Act, it is required to obtain, verify and record
information that identifies the Borrower, which information includes the name
and address of the Borrower and other information that will allow such Lender to
identify the Borrower in accordance with the Act.

                           [Signature Pages to Follow]

                                       61

<PAGE>

          IN WITNESS WHEREOF, the parties hereto have caused this Agreement to
be duly executed by their respective authorized officers as of the day and year
first above written.

                                        eFUNDS CORPORATION, as the Borrower

                                        By: /s/ Paul F. Walsh
                                            ------------------------------------
                                        Name: Paul F. Walsh
                                        Title: Chairman and CEO

                        Signature Page to Loan Agreement

<PAGE>

                                        JPMORGAN CHASE BANK, N.A.,
                                        as a Lender and as Administrative Agent

                                        By: /s/ Steven J. Krakoski
                                            ------------------------------------
                                        Name: Steven J. Krakoski
                                        Title: Senior Vice President

                                        JPMORGAN CHASE BANK, N.A.,
                                        as Collateral Agent

                                        By: /s/ Steven J. Krakoski
                                            ------------------------------------
                                        Name: Steven J. Krakoski
                                        Title: Senior Vice President

                        Signature Page to Loan Agreement

<PAGE>

                                  SCHEDULE 2.01

                                   COMMITMENTS

<TABLE>
<CAPTION>
LENDER                       COMMITMENT
------                       ----------
<S>                         <C>
JPMorgan Chase Bank, N.A.   $100,000,000

AGGREGATE COMMITMENTS       $100,000,000
</TABLE>
<PAGE>
The following Schedules and Exhibits have been omitted from this Exhibit:

Schedule 3.01 -- Subsidiaries
Schedule 6.01 -- Existing Indebtedness
Schedule 6.02 -- Existing Liens
Schedule 6.04 -- Permitted Investments
Schedule 6.08 -- Existing Restrictions
Exhibit A     -- Form of Assignment and Assumption
Exhibit B     -- Form of Opinion of Borrower's Counsel
Exhibit C     -- Intentionally Omitted
Exhibit D     -- Form of Subsidiary Guaranty
Exhibit E     -- Form of Written Money Transfer Instruction
Exhibit F     -- List of Closing Documents
Exhibit G     -- Form of Promissory Note

The registrant will furnish supplementally a copy of any omitted Schedule or
Exhibit to the Securities and Exchange Commission upon the request of the
Commission.<PAGE>
                                                                    Exhibit 10.6

================================================================================

                               eFUNDS CORPORATION

       $100,000,000 5.39% Senior Guaranteed Notes due September 30, 2012

                                   ----------

                            NOTE PURCHASE AGREEMENT

                                   ----------

                         Dated as of September 30, 2005

================================================================================

<PAGE>

                               TABLE OF CONTENTS

<TABLE>
<CAPTION>
SECTION                                  HEADING                            PAGE
-------                                  -------                            ----
<S>                                                                         <C>
SECTION 1. AUTHORIZATION OF NOTES........................................     1

SECTION 2. SALE AND PURCHASE OF NOTES....................................     2

SECTION 3. CLOSING.......................................................     2

SECTION 4. CONDITIONS TO CLOSING.........................................     2
   Section 4.1.    Representations and Warranties........................     2
   Section 4.2.    Performance; No Default...............................     2
   Section 4.3.    Compliance Certificates...............................     3
   Section 4.4.    Opinions of Counsel...................................     3
   Section 4.5.    Purchase Permitted By Applicable Law, Etc.............     3
   Section 4.6.    Sale of Other Notes...................................     3
   Section 4.7.    Payment of Special Counsel Fees.......................     3
   Section 4.8.    Private Placement Number..............................     4
   Section 4.9.    Changes in Corporate Structure........................     4
   Section 4.10.   Funding Instructions..................................     4
   Section 4.11.   Proceedings and Documents.............................     4
   Section 4.12.   Consent of Administrative Agent under Bank Credit
                      Agreement..........................................     4
   Section 4.13.   Subsidiary Guarantee Agreement........................     4
   Section 4.14.   Intercreditor Agreement...............................     4

SECTION 5. REPRESENTATIONS AND WARRANTIES OF THE OBLIGORS................     4
   Section 5.1.    Organization; Power and Authority.....................     5
   Section 5.2.    Authorization, Etc....................................     5
   Section 5.3.    Disclosure............................................     5
   Section 5.4.    Organization and Ownership of Shares of
                   Subsidiaries; Affiliates..............................     5
   Section 5.5.    Financial Statements; Material Liabilities............     6
   Section 5.6.    Compliance with Laws, Other Instruments, Etc..........     6
   Section 5.7.    Governmental Authorizations, Etc......................     7
   Section 5.8.    Litigation; Observance of Agreements, Statutes and
                      Orders ............................................     7
   Section 5.9.    Taxes.................................................     7
   Section 5.10.   Title to Property; Leases.............................     7
   Section 5.11.   Licenses, Permits, Etc................................     8
   Section 5.12.   Compliance with ERISA.................................     8
   Section 5.13.   Private Offering by the Obligors......................     8
   Section 5.14.   Use of Proceeds; Margin Regulations...................     9
</TABLE>

<PAGE>

<TABLE>
<S>                                                                         <C>
   Section 5.15.   Existing Indebtedness; Future Lien....................     9
   Section 5.16.   Foreign Assets Control Regulations, Etc...............     9
   Section 5.17.   Status under Certain Statutes.........................    10
   Section 5.18.   Environmental Matters.................................    10
   Section 5.19.   Pari Passu Ranking....................................    11

SECTION 6. REPRESENTATIONS OF THE PURCHASERS.............................    11
   Section 6.1.    Purchase for Investment...............................    11
   Section 6.2.    Source of Funds.......................................    11

SECTION 7. INFORMATION AS TO COMPANY.....................................    13
   Section 7.1.    Financial and Business Information....................    13
   Section 7.2.    Officer's Certificate.................................    15
   Section 7.3.    Visitation............................................    16
   Section 7.4.    Limitation on Disclosure Obligation...................    16

SECTION 8. PAYMENT AND PREPAYMENT OF THE NOTES...........................    17
   Section 8.1.    Maturity..............................................    17
   Section 8.2.    Optional Prepayments..................................    17
   Section 8.3.    Prepayment of Notes Upon Change in Control............    18
   Section 8.4.    Allocation of Partial Prepayments.....................    19
   Section 8.5.    Maturity; Surrender, Etc..............................    19
   Section 8.6.    Purchase of Notes.....................................    19
   Section 8.7.    Make-Whole Amount.....................................    19

SECTION 9. AFFIRMATIVE COVENANTS.........................................    21
   Section 9.1.    Compliance with Law...................................    21
   Section 9.2.    Insurance.............................................    21
   Section 9.3.    Maintenance of Properties.............................    21
   Section 9.4.    Payment of Taxes and Claims...........................    21
   Section 9.5.    Corporate Existence, Etc..............................    22
   Section 9.6.    Books and Records.....................................    22
   Section 9.7.    Subsidiary Guarantors.................................    22
   Section 9.8.    Pari Passu Ranking....................................    23

SECTION 10. NEGATIVE COVENANTS...........................................    24
   Section 10.1.   Transactions with Affiliates..........................    24
   Section 10.2.   Merger, Consolidation, Etc............................    24
   Section 10.3.   Line of Business......................................    25
   Section 10.4.   Terrorism Sanctions Regulations.......................    26
   Section 10.5.   Liens.................................................    26
   Section 10.6.   Sale of Assets........................................    28
   Section 10.7.   Priority Debt.........................................    29
   Section 10.8.   Subsidiary Debt Limitation............................    29
</TABLE>

                                      -ii-

<PAGE>

<TABLE>
<S>                                                                         <C>
   Section 10.9.   Consolidated Total Indebtedness to Consolidated
                      EBITDA.............................................    30
   Section 10.10.  Minimum Fixed Charge Coverage.........................    30
   Section 10.11.  Sale of Accounts......................................    30

SECTION 11. EVENTS OF DEFAULT............................................    30

SECTION 12. REMEDIES ON DEFAULT, ETC.....................................    32
   Section 12.1.   Acceleration..........................................    32
   Section 12.2.   Other Remedies........................................    33
   Section 12.3.   Rescission............................................    33
   Section 12.4.   No Waivers or Election of Remedies, Expenses, Etc.....    34

SECTION 13. REGISTRATION; EXCHANGE; SUBSTITUTION OF NOTES................    34
   Section 13.1.   Registration of Notes.................................    34
   Section 13.2.   Transfer and Exchange of Notes........................    34
   Section 13.3.   Replacement of Notes..................................    35

SECTION 14. PAYMENTS ON NOTES............................................    35
   Section 14.1.   Place of Payment......................................    35
   Section 14.2.   Home Office Payment...................................    35

SECTION 15. EXPENSES, ETC................................................    36
   Section 15.1.   Transaction Expenses..................................    36
   Section 15.2.   Survival..............................................    36

SECTION 16. SURVIVAL OF REPRESENTATIONS AND WARRANTIES; ENTIRE
                   AGREEMENT.............................................    36

SECTION 17. AMENDMENT AND WAIVER.........................................    37
   Section 17.1.   Requirements..........................................    37
   Section 17.2.   Solicitation of Holders of Notes......................    37
   Section 17.3.   Binding Effect, etc...................................    37
   Section 17.4.   Notes Held by Company, etc............................    38

SECTION 18. NOTICES......................................................    38

SECTION 19. REPRODUCTION OF DOCUMENTS....................................    38

SECTION 20. CONFIDENTIAL INFORMATION.....................................    39

SECTION 21. SUBSTITUTION OF PURCHASER....................................    40
</TABLE>

                                      -iii-

<PAGE>

<TABLE>
<S>                                                                         <C>
SECTION 22. GUARANTEE AGREEMENT..........................................    40
   Section 22.1.   Guaranteed Obligations................................    40
   Section 22.2.   Performance under this Agreement......................    41
   Section 22.3.   Waivers...............................................    41
   Section 22.4.   Certain Waivers of Subrogation, Reimbursement and
                      Indemnity..........................................    42
   Section 22.5.   Releases..............................................    42
   Section 22.6.   Marshaling............................................    43
   Section 22.7.   Liability.............................................    43
   Section 22.8.   Character of Obligation...............................    44
   Section 22.9.   Election to Perform Obligations.......................    45
   Section 22.10.  No Election...........................................    45
   Section 22.11.  Severability..........................................    46
   Section 22.12.  Other Enforcement Rights..............................    46
   Section 22.13.  Delay or Omission; No Waiver..........................    46
   Section 22.14.  Restoration of Rights and Remedies....................    46
   Section 22.15.  Cumulative Remedies...................................    46
   Section 22.16.  Survival..............................................    46
   Section 22.17.  Miscellaneous.........................................    46
   Section 22.18.  Limitation............................................    47
   Section 22.19.  Written Notice........................................    47

SECTION 23. MISCELLANEOUS................................................    47
   Section 23.1.   Successors and Assigns................................    47
   Section 23.2.   Payments Due on Non-Business Days.....................    47
   Section 23.3.   Accounting Terms......................................    48
   Section 23.4.   Severability..........................................    48
   Section 23.5.   Construction, etc.....................................    48
   Section 23.6.   Counterparts..........................................    48
   Section 23.7.   Governing Law.........................................    49
   Section 23.8.   Jurisdiction and Process; Waiver of Jury Trial........    49
Signature................................................................    50
</TABLE>

                                      -iv-

<PAGE>

SCHEDULE A     -- INFORMATION RELATING TO PURCHASERS
SCHEDULE B     -- DEFINED TERMS
SCHEDULE 5.4   -- Subsidiaries of the Company and Ownership of Subsidiary Stock
SCHEDULE 5.5   -- Financial Statements
SCHEDULE 5.8   -- Litigation
SCHEDULE 5.15  -- Existing Indebtedness
EXHIBIT 1      -- Form of 5.39% Senior Guaranteed Note due September 30, 2012
EXHIBIT 4.4(a) -- Form of Opinion of Special Counsel for the Company
EXHIBIT 4.4(b) -- Form of Opinion of Special Counsel for the Purchasers
EXHIBIT 4.14   -- Form of Intercreditor Agreement
EXHIBIT 9.7.   -- Form of Joinder Agreement

                                       -v-

<PAGE>

                               eFUNDS CORPORATION

                       8501 N. Scottsdale Road, Suite 300
                            Scottsdale, Arizona 85253

        $100,000,000 5.39% Senior Guaranteed Notes due September 30, 2012

                                                        As of September 30, 2005

TO EACH OF THE PURCHASERS LISTED IN
     SCHEDULE A HERETO:

Ladies and Gentlemen:

     eFunds Corporation, a Delaware corporation (the "COMPANY"), and each of the
Guarantors which are party hereto from time to time, jointly and severally,
agree with each of the purchasers whose names appear at the end hereof (each, a
"PURCHASER" and, collectively, the "PURCHASERS") as follows:

SECTION 1. AUTHORIZATION OF NOTES.

     The Company will authorize the issue and sale of $100,000,000 aggregate
principal amount of its 5.39% Senior Guaranteed Notes due September 30, 2012
(the "NOTES," such term to include any such notes issued in substitution
therefor pursuant to Section 13). The Notes shall be substantially in the form
set out in Exhibit 1. Certain capitalized and other terms used in this Agreement
are defined in Schedule B; and references to a "Schedule" or an "Exhibit" are,
unless otherwise specified, to a Schedule or an Exhibit attached to this
Agreement.

     Payment of the principal of, Make-Whole Amount and interest on the Notes
and the other amounts owing hereunder and under the other Financing Agreements
(a) shall be unconditionally guaranteed, jointly and severally, by the
Guarantors pursuant to the Guarantee Agreement and (b) subject to the terms and
conditions of Sections 9.8 and 10.5(n), may be secured by the Collateral. In
addition, pursuant to the terms of the Intercreditor Agreement, the holders of
the Notes and the Lenders under the Bank Credit Agreement have agreed, among
other things, to share on a pari passu basis, in the manner set forth therein,
the proceeds arising from (i) any Guaranty given by the Company's Subsidiaries
in support of the Company's obligations under the Financing Agreements and the
Bank Credit Agreement (and the other Loan Documents as defined in the Bank
Credit Agreement) and/or (ii) any Collateral.

<PAGE>

eFUNDS CORPORATION                                       NOTE PURCHASE AGREEMENT

SECTION 2. SALE AND PURCHASE OF NOTES.

     Subject to the terms and conditions of this Agreement, the Company will
issue and sell to each Purchaser and each Purchaser will purchase from the
Company, at the Closing provided for in Section 3, Notes in the principal amount
specified opposite such Purchaser's name in Schedule A at the purchase price of
100% of the principal amount thereof. The Purchasers' obligations hereunder are
several and not joint obligations and no Purchaser shall have any liability to
any Person for the performance or non-performance of any obligation by any other
Purchaser hereunder.

SECTION 3. CLOSING.

     The sale and purchase of the Notes to be purchased by each Purchaser shall
occur at the offices of Chapman and Cutler LLP, 111 West Monroe Street, Chicago,
Illinois 60603, at 10:00 a.m., Chicago time, at a closing (the "CLOSING") on
September 30, 2005 or on such other Business Day thereafter on or prior to
October 3, 2005 as may be agreed upon by the Company and the Purchasers. At the
Closing, the Company will deliver to each Purchaser the Notes to be purchased by
such Purchaser in the form of a single Note (or such greater number of Notes in
denominations of at least $100,000 as such Purchaser may request) dated the date
of the Closing and registered in such Purchaser's name (or in the name of its
nominee), against delivery by such Purchaser to the Company or its order of
immediately available funds in the amount of the purchase price therefor by wire
transfer of immediately available funds for the account of the Company to
account number 656417870 at JPMorgan Chase Bank, N.A., 201 North Central Avenue,
Phoenix, Arizona 85004, ABA Number 021000021. If at the Closing the Company
shall fail to tender such Notes to any Purchaser as provided above in this
Section 3, or any of the conditions specified in Section 4 shall not have been
fulfilled to such Purchaser's satisfaction, such Purchaser shall, at its
election, be relieved of all further obligations under this Agreement, without
thereby waiving any rights such Purchaser may have by reason of such failure or
such nonfulfillment.

SECTION 4. CONDITIONS TO CLOSING.

     Each Purchaser's obligation to purchase and pay for the Notes to be sold to
such Purchaser at the Closing is subject to the fulfillment to such Purchaser's
satisfaction, prior to or at the Closing, of the following conditions:

     SECTION 4.1. REPRESENTATIONS AND WARRANTIES. The representations and
warranties of the Obligors in this Agreement and the other Financing Agreements
to which they are a party shall be correct when made and at the time of the
Closing.

     SECTION 4.2. PERFORMANCE; NO DEFAULT. The Obligors shall have performed and
complied with all agreements and conditions contained in this Agreement required
to be performed or complied with by each of them prior to or at the Closing and
after giving effect to the issue and sale of the Notes (and the application of
the proceeds thereof as contemplated by Section 5.14) no Default or Event of
Default shall have occurred and be continuing. Neither any Obligor nor any
Subsidiary shall have entered into any transaction since the date of the

                                      -2-

<PAGE>

eFUNDS CORPORATION                                       NOTE PURCHASE AGREEMENT

Memorandum that would have been prohibited by Sections 10.1, 10.2 and 10.5
through 10.11, inclusive, had such Sections applied since such date.

     SECTION 4.3. COMPLIANCE CERTIFICATES.

     (a) Officer's Certificate. Each Obligor shall have delivered to such
Purchaser an Officer's Certificate, dated the date of the Closing, certifying
that the conditions specified in Sections 4.1, 4.2 and 4.9 have been fulfilled.

     (b) Secretary's Certificate. Each Obligor shall have delivered to such
Purchaser a certificate of its Secretary or Assistant Secretary, dated the date
of the Closing, certifying as to the resolutions attached thereto and other
corporate proceedings relating to the authorization, execution and delivery of
the Financing Agreements to which it is a party.

     SECTION 4.4. OPINIONS OF COUNSEL. Such Purchaser shall have received
opinions in form and substance satisfactory to such Purchaser, dated the date of
the Closing (a) from each of the General Counsel of the Company and Dorsey &
Whitney LLP, special counsel to the Company, covering the matters set forth in
Exhibit 4.4(a) and covering such other matters incident to the transactions
contemplated hereby as such Purchaser or its counsel may reasonably request (and
the Company hereby instructs such counsels to deliver such opinions to the
Purchasers) and (b) from Chapman and Cutler LLP, the Purchasers' special counsel
in connection with such transactions, substantially in the form set forth in
Exhibit 4.4(b) and covering such other matters incident to such transactions as
such Purchaser may reasonably request.

     SECTION 4.5. PURCHASE PERMITTED BY APPLICABLE LAW, ETC. On the date of the
Closing such Purchaser's purchase of Notes shall (a) be permitted by the laws
and regulations of each jurisdiction to which such Purchaser is subject, without
recourse to provisions (such as section 1405(a)(8) of the New York Insurance
Law) permitting limited investments by insurance companies without restriction
as to the character of the particular investment, (b) not violate any applicable
law or regulation (including, without limitation, Regulation T, U or X of the
Board of Governors of the Federal Reserve System) and (c) not subject such
Purchaser to any tax, penalty or liability under or pursuant to any applicable
law or regulation, which law or regulation was not in effect on the date hereof.
If requested by such Purchaser, such Purchaser shall have received an Officer's
Certificate certifying as to such matters of fact as such Purchaser may
reasonably specify to enable such Purchaser to determine whether such purchase
is so permitted.

     SECTION 4.6. SALE OF OTHER NOTES. Contemporaneously with the Closing the
Company shall sell to each other Purchaser and each other Purchaser shall
purchase the Notes to be purchased by it at the Closing as specified in Schedule
A.

     SECTION 4.7. PAYMENT OF SPECIAL COUNSEL FEES. Without limiting the
provisions of Section 15.1, the Company shall have paid on or before the Closing
the fees, charges and disbursements of the Purchasers' special counsel referred
to in Section 4.4 to the extent reflected in a statement of such counsel
rendered to the Company at least one Business Day prior to the Closing.

                                      -3-

<PAGE>

eFUNDS CORPORATION                                       NOTE PURCHASE AGREEMENT

     SECTION 4.8. PRIVATE PLACEMENT NUMBER. A Private Placement Number issued by
Standard & Poor's CUSIP Service Bureau (in cooperation with the Securities
Valuation Office of the National Association of Insurance Commissioners) shall
have been obtained for the Notes.

     SECTION 4.9. CHANGES IN CORPORATE STRUCTURE. No Obligor shall have changed
its jurisdiction of incorporation or organization, as applicable, or been a
party to any merger or consolidation or succeeded to all or any substantial part
of the liabilities of any other entity, at any time following the date of the
most recent financial statements referred to in Schedule 5.5, other than the
WildCard Acquisition as described in the Memorandum, including Section 1
thereof, and the other acquisitions described in Section 2 of the Memorandum.

     SECTION 4.10. FUNDING INSTRUCTIONS. At least three Business Days prior to
the date of the Closing, each Purchaser shall have received written instructions
signed by a Senior Financial Officer on letterhead of the Company confirming the
information specified in Section 3 including (i) the name and address of the
transferee bank, (ii) such transferee bank's ABA number and (iii) the account
name and number into which the purchase price for the Notes is to be deposited.

     SECTION 4.11. PROCEEDINGS AND DOCUMENTS. All corporate and other
proceedings in connection with the transactions contemplated by the Financing
Agreements and all documents and instruments incident to such transactions shall
be satisfactory to such Purchaser and its special counsel, and such Purchaser
and its special counsel shall have received all such counterpart originals or
certified or other copies of such documents as such Purchaser or such special
counsel may reasonably request.

     SECTION 4.12. CONSENT OF ADMINISTRATIVE AGENT UNDER BANK CREDIT AGREEMENT.
The Company shall have obtained and provided a copy thereof to each Purchaser,
the written consent of the administrative agent under the Bank Credit Agreement
with respect to the transactions contemplated by this Agreement.

     SECTION 4.13. GUARANTEE AGREEMENT. Each Subsidiary that qualifies as a
Guarantor on the date of Closing pursuant to the terms of Section 9.7 shall have
executed and delivered this Agreement, and this Agreement shall be in full force
and effect with respect to such Guarantors.

     SECTION 4.14. INTERCREDITOR AGREEMENT. The Administrative Agent, on behalf
of itself and the Lenders, each of the Purchasers and the Collateral Agent shall
have executed and delivered (and each Obligor as of the date of Closing shall
have executed and delivered a consent and agreement to) the Intercreditor
Agreement substantially in the form of Exhibit 4.14 (as amended, restated,
supplemented or modified from time to time, the "INTERCREDITOR AGREEMENT"), and
the Intercreditor Agreement shall be in full force and effect.

SECTION 5. REPRESENTATIONS AND WARRANTIES OF THE OBLIGORS.,

     The Obligors, jointly and severally, represent and warrant to each
Purchaser that:

                                      -4-

<PAGE>

eFUNDS CORPORATION                                       NOTE PURCHASE AGREEMENT

     SECTION 5.1. ORGANIZATION; POWER AND AUTHORITY. Each Obligor is a
corporation, limited liability company or partnership, as applicable, duly
organized, validly existing and in good standing under the laws of its
jurisdiction of incorporation, organization or formation, as applicable, and is
duly qualified as a foreign corporation, limited liability company or
partnership, as applicable, and is in good standing in each jurisdiction in
which such qualification is required by law, other than those jurisdictions as
to which the failure to be so qualified or in good standing could not,
individually or in the aggregate, reasonably be expected to have a Material
Adverse Effect. Each Obligor has the corporate, limited liability company or
partnership power and authority to own or hold under lease the properties it
purports to own or hold under lease, to transact the business it transacts and
proposes to transact, to execute and deliver the Financing Agreements to which
it is a party, and to perform the provisions thereof.

     SECTION 5.2. AUTHORIZATION, ETC. The Financing Agreements have been duly
authorized by all necessary corporate, limited liability company or partnership
action on the part of each Obligor party thereto, and this Agreement and the
Guarantee Agreement constitute, and upon execution and delivery thereof each
Note and other Financing Agreement will constitute, a legal, valid and binding
obligation of each Obligor party hereto and/or thereto, as the case may be,
enforceable against such Obligor in accordance with its terms, except as such
enforceability may be limited by (i) applicable bankruptcy, insolvency,
reorganization, moratorium or other similar laws affecting the enforcement of
creditors' rights generally and (ii) general principles of equity (regardless of
whether such enforceability is considered in a proceeding in equity or at law).

     SECTION 5.3. DISCLOSURE. The Company, through its agent, J.P. Morgan
Securities Inc., has delivered to each Purchaser a copy of a Private Placement
Memorandum, dated September, 2005 (the "MEMORANDUM"), relating to the
transactions contemplated hereby. This Agreement, the Memorandum and the
financial statements delivered to the Purchasers by or on behalf of the Obligors
in connection with the transactions contemplated hereby and identified in
Schedule 5.5 (this Agreement, the Memorandum and such financial statements
delivered to each Purchaser prior to September 20, 2005 being referred to,
collectively, as the "DISCLOSURE DOCUMENTS") fairly describe, in all material
respects, the general nature of the business and principal properties of the
Company and its Subsidiaries, taken as a whole. The Disclosure Documents, taken
as a whole, do not contain any untrue statement of a material fact or omit to
state any material fact necessary to make the statements therein not misleading
in light of the circumstances under which they were made. Except as disclosed in
the Disclosure Documents, since December 31, 2004, there has been no change in
the financial condition, operations, business, properties or prospects of any
Obligor or any Subsidiary except changes that individually or in the aggregate
could not reasonably be expected to have a Material Adverse Effect. There is no
fact known to any Obligor that could reasonably be expected to have a Material
Adverse Effect that has not been set forth herein or in the Disclosure
Documents.

     SECTION 5.4. ORGANIZATION AND OWNERSHIP OF SHARES OF SUBSIDIARIES;
AFFILIATES. (a) Schedule 5.4 contains (except as noted therein) complete and
correct lists (i) of the Company's Subsidiaries, showing, as to each Subsidiary,
the correct name thereof, the jurisdiction of its organization, and the
percentage of shares of each class of its capital stock or similar equity
interests outstanding owned by the Company and each other Subsidiary and whether
such Subsidiary will on the date of the Closing be a Guarantor and Obligor under
this

                                      -5-

<PAGE>

eFUNDS CORPORATION                                       NOTE PURCHASE AGREEMENT

Agreement and (ii) of the Company's directors and senior officers. There are no
Persons that are Affiliates of the Company which are not Subsidiaries.

     (b) All of the outstanding shares of capital stock or similar equity
interests of each Subsidiary shown in Schedule 5.4 as being owned by the Company
and its Subsidiaries have been validly issued, are fully paid and nonassessable
and are owned by the Company or another Subsidiary free and clear of any Lien
(except as otherwise disclosed in Schedule 5.4).

     (c) Each Subsidiary identified in Schedule 5.4 is a corporation or other
legal entity duly organized, validly existing and in good standing under the
laws of its jurisdiction of organization, and is duly qualified as a foreign
corporation or other legal entity and is in good standing in each jurisdiction
in which such qualification is required by law, other than those jurisdictions
as to which the failure to be so qualified or in good standing could not,
individually or in the aggregate, reasonably be expected to have a Material
Adverse Effect. Each such Subsidiary has the corporate or other power and
authority to own or hold under lease the properties it purports to own or hold
under lease and to transact the business it transacts and proposes to transact.

     (d) No Subsidiary is a party to, or otherwise subject to any legal,
regulatory, contractual or other restriction (other than the Bank Credit
Agreement, the Financing Agreements, the agreements listed on Schedule 5.4 and
limitations imposed by corporate law or similar statutes or by applicable
regulatory or taxing authorities) restricting the ability of such Subsidiary to
pay dividends out of profits or make any other similar distributions of profits
to the Company or any of its Subsidiaries that owns outstanding shares of
capital stock or similar equity interests of such Subsidiary.

     SECTION 5.5. FINANCIAL STATEMENTS; MATERIAL LIABILITIES. The Company or
J.P. Morgan Securities Inc., as agent for the Company, has delivered to each
Purchaser copies of the financial statements of the Company and its Subsidiaries
listed on Schedule 5.5. All of said financial statements (including in each case
the related schedules and notes) fairly present in all material respects the
consolidated financial position of the Company and its Subsidiaries as of the
respective dates specified in such Schedule and the consolidated results of
their operations and cash flows for the respective periods so specified and have
been prepared in accordance with GAAP consistently applied throughout the
periods involved except as set forth in the notes thereto (subject, in the case
of any interim financial statements, to normal year-end adjustments and absence
of footnotes). The Company and its Subsidiaries do not have any Material
contingent obligations that are not disclosed on such financial statements or
otherwise disclosed in the Disclosure Documents.

     SECTION 5.6. COMPLIANCE WITH LAWS, OTHER INSTRUMENTS, ETC. The execution,
delivery and performance by each Obligor of the Financing Agreements to which it
is a party will not (i) contravene, result in any breach of, or constitute a
default under, or (except with respect to any Collateral created pursuant to the
terms of the Financing Agreements) result in the creation of any Lien in respect
of any property of such Obligor or any Subsidiary under, any indenture,
mortgage, deed of trust, loan, purchase or credit agreement, lease, corporate
charter or by-laws, or any other agreement or instrument to which such Obligor
or any Subsidiary is bound or by which such Obligor or any Subsidiary or any of
their respective properties may be bound or

                                      -6-

<PAGE>

eFUNDS CORPORATION                                       NOTE PURCHASE AGREEMENT

affected, (ii) conflict with or result in a breach of any of the terms,
conditions or provisions of any order, judgment, decree, or ruling of any court,
arbitrator or Governmental Authority applicable to such Obligor or any
Subsidiary or (iii) violate any provision of any statute or other rule or
regulation of any Governmental Authority applicable to such Obligor or any
Subsidiary.

     SECTION 5.7. GOVERNMENTAL AUTHORIZATIONS, ETC. No consent, approval or
authorization of, or registration, filing or declaration with, any Governmental
Authority is required in connection with the execution, delivery or performance
by any Obligor of the Financing Agreements to which it is a party other than
Form 8-K filings to be filed with the SEC within five Business Days after the
Closing (and the failure to make such filing would not affect the legality,
validity or enforceability of the Financing Agreements against the Obligors).

     SECTION 5.8. LITIGATION; OBSERVANCE OF AGREEMENTS, STATUTES AND ORDERS.
Except as set forth in Schedule 5.8:

     (a) there are no actions, suits, investigations or proceedings pending or,
to the knowledge of any Obligor, threatened against or affecting such Obligor or
any Subsidiary or any property of such Obligor or any Subsidiary in any court or
before any arbitrator of any kind or before or by any Governmental Authority
that, individually or in the aggregate, could reasonably be expected to have a
Material Adverse Effect; and

     (b) neither any Obligor nor any Subsidiary is in default under any term of
any agreement or instrument to which it is a party or by which it is bound, or
any order, judgment, decree or ruling of any court, arbitrator or Governmental
Authority or is in violation of any applicable law, ordinance, rule or
regulation (including without limitation Environmental Laws or the USA Patriot
Act) of any Governmental Authority, which default or violation, individually or
in the aggregate, could reasonably be expected to have a Material Adverse
Effect.

     SECTION 5.9. TAXES. To the extent a failure to do so could reasonably be
expected to result in a Material Adverse Effect, each Obligor and its
Subsidiaries have filed all tax returns that are required to have been filed in
any jurisdiction, and have paid all taxes shown to be due and payable on such
returns and all other taxes and assessments levied upon them or their
properties, assets, income or franchises, to the extent such taxes and
assessments have become due and payable and before they have become delinquent,
except for any taxes and assessments the amount, applicability or validity of
which is currently being contested in good faith by appropriate proceedings and
with respect to which such Obligor or a Subsidiary, as the case may be, has
established adequate reserves in accordance with GAAP. No Obligor knows of any
basis for any other tax or assessment that could reasonably be expected to have
a Material Adverse Effect. The Federal income tax liabilities of each Obligor
and its Subsidiaries have been finally determined (whether by reason of
completed audits or the statute of limitations having run) for all fiscal years
up to and including the fiscal year ended December 31, 2001.

     SECTION 5.10. TITLE TO PROPERTY; LEASES. Each Obligor and its Subsidiaries
have good and sufficient title to their respective properties that individually
or in the aggregate are Material, including all such properties reflected in the
most recent audited balance sheet referred to in Section 5.5 or purported to
have been acquired by any Obligor or any Subsidiary after said date

                                       -7-

<PAGE>

eFUNDS CORPORATION                                       NOTE PURCHASE AGREEMENT

(except as sold or otherwise disposed of in the ordinary course of business), in
each case free and clear of Liens prohibited by the Financing Agreements. All
leases that individually or in the aggregate are Material are valid and
subsisting and are in full force and effect in all material respects.

     SECTION 5.11. LICENSES, PERMITS, ETC. (a) Each Obligor and its Subsidiaries
own or are licensed to use all patents, copyrights, service marks, trademarks
and trade names, or rights thereto, that individually or in the aggregate are
Material and no Obligor or Subsidiary is infringing upon the intellectual
property rights of any other Person, except for such infringements that,
individually or in the aggregate, could not reasonably be expected to result in
a Material Adverse Effect.

     (b) To the actual knowledge of any Responsible Officer of each Obligor,
there is no Material violation by any Person of any right of such Obligor or any
of its Subsidiaries with respect to any patent, copyright, proprietary software,
service mark, trademark, trade name or other right owned or used by such Obligor
or any of its Subsidiaries.

     SECTION 5.12. ERISA AND EMPLOYEE BENEFITS. (a) Neither the Company nor any
ERISA Affiliate maintains, contributes to, or is obligated to maintain or
contribute to, or has, at any time within the past six years, maintained,
contributed to or been obligated to maintain or contribute to, any Plan or
Multiemployer Plan.

     (b) The expected postretirement benefit obligation (determined as of the
last day of the Company's most recently ended fiscal year in accordance with
Financial Accounting Standards Board Statement No. 106, without regard to
liabilities attributable to continuation coverage mandated by section 4980B of
the Code) of the Obligors and their Subsidiaries is not Material.

     (c) The execution and delivery of this Agreement and the Guarantee
Agreement and the issuance and sale of the Notes hereunder will not involve any
transaction that is subject to the prohibitions of section 406 of ERISA or in
connection with which a tax could be imposed pursuant to section
4975(c)(1)(A)-(D) of the Code. The representation by the Obligors to each
Purchaser in the first sentence of this Section 5.12(e) is made in reliance upon
and subject to the accuracy of such Purchaser's representation in Section 6.2 as
to the sources of the funds used to pay the purchase price of the Notes to be
purchased by such Purchaser.

     SECTION 5.13. PRIVATE OFFERING BY THE OBLIGORS. Neither any Obligor nor
anyone acting on its behalf has offered the Notes or the Guarantee Agreement or
any similar securities for sale to, or solicited any offer to buy any of the
same from, or otherwise approached or negotiated in respect thereof with, any
person other than the Purchasers and not more than 30 other Institutional
Investors, each of which has been offered the Notes at a private sale for
investment. Neither any Obligor nor anyone acting on its behalf has taken, or
will take, any action that would subject the issuance or sale of the Notes and
the Guarantee Agreement to the registration requirements of Section 5 of the
Securities Act or to the registration requirements of any securities or blue sky
laws of any applicable jurisdiction.

                                       -8-

<PAGE>

eFUNDS CORPORATION                                       NOTE PURCHASE AGREEMENT

     SECTION 5.14. USE OF PROCEEDS; MARGIN REGULATIONS. The Company will apply
the proceeds of the sale of the Notes to refinance and permanently retire
outstanding Indebtedness under the Loan Agreement dated as of July 1, 2005
entered into among the Company, the certain lenders party thereto and JPMorgan
Chase Bank, N.A., as administrative agent, and for general corporate purposes.
No part of the proceeds from the sale of the Notes hereunder will be used,
directly or indirectly, for the purpose of buying or carrying any margin stock
within the meaning of Regulation U of the Board of Governors of the Federal
Reserve System (12 CFR 221), or for the purpose of buying or carrying or trading
in any securities under such circumstances as to involve the Company in a
violation of Regulation X of said Board (12 CFR 224) or to involve any broker or
dealer in a violation of Regulation T of said Board (12 CFR 220). Margin stock
does not constitute more than 5.0% of the value of the consolidated assets of
any Obligor and its Subsidiaries and no Obligor has any present intention that
margin stock will constitute more than 5.0% of the value of such assets. As used
in this Section, the terms "MARGIN STOCK" and "PURPOSE OF BUYING OR CARRYING"
shall have the meanings assigned to them in said Regulation U.

     SECTION 5.15. EXISTING INDEBTEDNESS; FUTURE LIENS. (a) Except as described
therein, Schedule 5.15 sets forth a complete and correct list of all outstanding
Indebtedness of each Obligor and its Subsidiaries as of July 1, 2005 (including
a description of the obligors and obligees, principal amount outstanding and
collateral therefor, if any, and Guaranty thereof, if any), since which date
there has been no Material change in the amounts, interest rates, sinking funds,
installment payments or maturities of the Indebtedness of such Obligor or its
Subsidiaries. Neither any Obligor nor any Subsidiary is in default and no waiver
of default is currently in effect, in the payment of any principal or interest
on any Indebtedness of such Obligor or such Subsidiary and no event or condition
exists with respect to any Indebtedness of any Obligor or any Subsidiary that
would permit (or that with notice or the lapse of time, or both, would permit)
one or more Persons to cause such Indebtedness to become due and payable before
its stated maturity or before its regularly scheduled dates of payment.

     (b) Except as disclosed in Schedule 5.15, neither any Obligor nor any
Subsidiary has agreed or consented to cause or permit in the future (upon the
happening of a contingency or otherwise) any of its property, whether now owned
or hereafter acquired, to be subject to a Lien not permitted by Section 10.5.

     (c) Neither any Obligor nor any Subsidiary is a party to, or otherwise
subject to any provision contained in, any instrument evidencing Indebtedness of
such Obligor or such Subsidiary, any agreement relating thereto or any other
agreement (including, but not limited to, its charter or other organizational
document) which limits the amount of, or otherwise imposes restrictions on the
incurring of, Indebtedness of such Obligor, other than the Bank Credit Agreement
and the Financing Agreements.

     SECTION 5.16. FOREIGN ASSETS CONTROL REGULATIONS, ETC. (a) Neither the sale
of the Notes by the Company hereunder nor the Guaranty by the Guarantors under
the Guarantee Agreement nor their use of the proceeds thereof will violate the
Trading with the Enemy Act, as amended, or any of the foreign assets control
regulations of the United States Treasury

                                       -9-

<PAGE>

eFUNDS CORPORATION                                       NOTE PURCHASE AGREEMENT

Department (31 CFR, Subtitle B, Chapter V, as amended) or any enabling
legislation or executive order relating thereto.

     (b) Neither any Obligor nor any Subsidiary (i) is a Person described or
designated in the Specially Designated Nationals and Blocked Persons List of the
Office of Foreign Assets Control or in Section 1 of the Anti-Terrorism Order or
(ii) to the actual knowledge of any Responsible Officer of any Obligor, engages
in any material dealings or transactions with any such Person. Each Obligor and
its Subsidiaries are in compliance, in all material respects, with the USA
Patriot Act.

     (c) No part of the proceeds from the sale of the Notes hereunder will be
used, directly or indirectly, for any payments to any governmental official or
employee, political party, official of a political party, candidate for
political office, or anyone else acting in an official capacity, in order to
obtain, retain or direct business or obtain any improper advantage, in violation
of the United States Foreign Corrupt Practices Act of 1977, as amended, assuming
in all cases that such Act applies to the Obligors.

     SECTION 5.17. STATUS UNDER CERTAIN STATUTES. Neither any Obligor nor any
Subsidiary is subject to regulation under the Investment Company Act of 1940, as
amended, the Public Utility Holding Company Act of 1935, as amended, the ICC
Termination Act of 1995, as amended, or the Federal Power Act, as amended.

     SECTION 5.18. ENVIRONMENTAL MATTERS. (a) Neither any Obligor nor any
Subsidiary has knowledge of any claim or has received any notice of any claim,
and no proceeding has been instituted raising any claim against such Obligor or
any of its Subsidiaries or any of their respective real properties now or
formerly owned, or, to the actual knowledge of any Responsible Officer of any
Obligor, leased or operated by any of them or other assets, alleging any damage
to the environment or violation of any Environmental Laws, except, in each case,
such as could not reasonably be expected to result in a Material Adverse Effect.

     (b) No Responsible Officer of any Obligor has actual knowledge of any facts
which would give rise to any claim, public or private, of violation of
Environmental Laws or damage to the environment emanating from, occurring on or
in any way related to real properties now or formerly owned, leased or operated
by such Obligor or any Subsidiary or to other assets or their use, except, in
each case, such as could not reasonably be expected to result in a Material
Adverse Effect.

     (c) Neither any Obligor nor any Subsidiary has, to the actual knowledge of
any Responsible Officer of any Obligor, stored any Hazardous Materials on real
properties now or formerly owned, leased or operated by any of them and has not
disposed of any Hazardous Materials in a manner contrary to any Environmental
Laws in each case in any manner that could reasonably be expected to result in a
Material Adverse Effect; and

     (d) All buildings on all real properties now owned, leased or operated by
each Obligor or any Subsidiary are (to the actual knowledge of any Responsible
Officer of any Obligor with respect to such leased or operated real properties)
in compliance with applicable Environmental

                                      -10-

<PAGE>

eFUNDS CORPORATION                                       NOTE PURCHASE AGREEMENT

Laws, except where failure to comply could not reasonably be expected to result
in a Material Adverse Effect.

     SECTION 5.19. PARI PASSU RANKING. Except for Indebtedness specifically
identified as such on Schedule 5.15, the Company's obligations under the
Financing Agreements will, upon issuance of the Notes, rank at least pari passu,
without preference or priority, with all of its other outstanding unsubordinated
unsecured Indebtedness (including, without limitation, the Bank Credit Agreement
and the other Loan Documents). Except for Indebtedness specifically identified
as such on Schedule 5.15, each Obligor's (other than the Company) obligations
under the Financing Agreements will, upon issuance thereof, rank at least pari
passu, without preference or priority, with all of such Obligor's other
outstanding unsubordinated unsecured Indebtedness (including, without
limitation, the Bank Credit Agreement and the other Loan Documents). Each Person
which is a borrower, guarantor or other obligor, in each case, under the Bank
Credit Agreement and the other Loan Documents is an Obligor under the Financing
Agreements. No Subsidiary or Affiliate has provided, directly or indirectly, any
security, collateral or other credit enhancement in respect of the Bank Credit
Agreement and the other Loan Documents which has not been provided to the
Purchasers.

SECTION 6. REPRESENTATIONS OF THE PURCHASERS.

     SECTION 6.1. PURCHASE FOR INVESTMENT. Each Purchaser severally represents
that it is an "accredited investor" within the meaning of subparagraph (a) of
Rule 501 promulgated pursuant to the Securities Act. Each Purchaser severally
represents that it is purchasing the Notes for its own account or for one or
more separate accounts maintained by such Purchaser or for the account of one or
more pension or trust funds, each of which is also an "accredited investor", and
not with a view to the distribution thereof, provided that the disposition of
such Purchaser's or their property shall at all times be within such Purchaser's
or their control. Each Purchaser understands that the Notes and the Guarantee
Agreement have not been registered under the Securities Act and may be resold
only if registered pursuant to the provisions of the Securities Act or if an
exemption from registration is available, except under circumstances where
neither such registration nor such an exemption is required by law, and that the
Obligors are not required to register the Notes or the Guarantee Agreement.

     SECTION 6.2. SOURCE OF FUNDS. Each Purchaser severally represents that at
least one of the following statements is an accurate representation as to each
source of funds (a "SOURCE") to be used by such Purchaser to pay the purchase
price of the Notes to be purchased by such Purchaser hereunder:

          (a) the Source is an "insurance company general account" (as the term
     is defined in the United States Department of Labor's Prohibited
     Transaction Exemption ("PTE") 95-60) in respect of which the reserves and
     liabilities (as defined by the annual statement for life insurance
     companies approved by the National Association of Insurance Commissioners
     (the "NAIC ANNUAL STATEMENT")) for the general account contract(s) held by
     or on behalf of any employee benefit plan together with the amount of the
     reserves and liabilities for the general account contract(s) held by or on
     behalf of any other employee benefit plans maintained by the same employer
     (or affiliate thereof as

                                      -11-

<PAGE>

eFUNDS CORPORATION                                       NOTE PURCHASE AGREEMENT

     defined in PTE 95-60) or by the same employee organization in the general
     account do not exceed 10% of the total reserves and liabilities of the
     general account (exclusive of separate account liabilities) plus surplus as
     set forth in the NAIC Annual Statement filed with such Purchaser's state of
     domicile; or

          (b) the Source is a separate account that is maintained solely in
     connection with such Purchaser's fixed contractual obligations under which
     the amounts payable, or credited, to any employee benefit plan (or its
     related trust) that has any interest in such separate account (or to any
     participant or beneficiary of such plan (including any annuitant)) are not
     affected in any manner by the investment performance of the separate
     account; or

          (c) the Source is either (i) an insurance company pooled separate
     account, within the meaning of PTE 90-1 or (ii) a bank collective
     investment fund, within the meaning of the PTE 91-38 and, except as
     disclosed by such Purchaser to the Company in writing pursuant to this
     clause (c), no employee benefit plan or group of plans maintained by the
     same employer or employee organization beneficially owns more than 10% of
     all assets allocated to such pooled separate account or collective
     investment fund; or

          (d) the Source constitutes assets of an "investment fund" (within the
     meaning of Part V of PTE 84-14 (the "QPAM EXEMPTION")) managed by a
     "qualified professional asset manager" or "QPAM" (within the meaning of
     Part V of the QPAM Exemption), no employee benefit plan's assets that are
     included in such investment fund, when combined with the assets of all
     other employee benefit plans established or maintained by the same employer
     or by an affiliate (within the meaning of Section V(c)(1) of the QPAM
     Exemption) of such employer or by the same employee organization and
     managed by such QPAM, exceed 20% of the total client assets managed by such
     QPAM, the conditions of Part I(c) and (g) of the QPAM Exemption are
     satisfied, neither the QPAM nor a person controlling or controlled by the
     QPAM (applying the definition of "control" in Section V(e) of the QPAM
     Exemption) owns a 5% or more interest in the Company and (i) the identity
     of such QPAM and (ii) the names of all employee benefit plans whose assets
     are included in such investment fund have been disclosed to the Company in
     writing pursuant to this clause (d); or

          (e) the Source constitutes assets of a "plan(s)" (within the meaning
     of Section IV of PTE 96-23 (the "INHAM EXEMPTION")) managed by an "in-house
     asset manager" or "INHAM" (within the meaning of Part IV of the INHAM
     exemption), the conditions of Part I(a), (g) and (h) of the INHAM Exemption
     are satisfied, neither the INHAM nor a person controlling or controlled by
     the INHAM (applying the definition of "control" in Section IV(d) of the
     INHAM Exemption) owns a 5% or more interest in the Company and (i) the
     identity of such INHAM and (ii) the name(s) of the employee benefit plan(s)
     whose assets constitute the Source have been disclosed to the Company in
     writing pursuant to this clause (e); or

          (f) the Source is a governmental plan; or

                                      -12-

<PAGE>

eFUNDS CORPORATION                                       NOTE PURCHASE AGREEMENT

          (g) the Source is one or more employee benefit plans, or a separate
     account or trust fund comprised of one or more employee benefit plans, each
     of which has been identified to the Company in writing pursuant to this
     clause (g); or

          (h) the Source does not include assets of any employee benefit plan,
     other than a plan exempt from the coverage of ERISA.

As used in this Section 6.2, the terms "EMPLOYEE BENEFIT PLAN," "GOVERNMENTAL
PLAN," and "SEPARATE ACCOUNT" shall have the respective meanings assigned to
such terms in section 3 of ERISA.

SECTION 7. INFORMATION AS TO COMPANY.

     SECTION 7.1. FINANCIAL AND BUSINESS INFORMATION. The Obligors shall deliver
to each holder of Notes that is an Institutional Investor:

          (a) Quarterly Statements -- within 60 days after the end of each
     quarterly fiscal period in each fiscal year of the Company, other than the
     last quarterly fiscal period of each such fiscal year, copies of,

               (i) a consolidated balance sheet of the Company as at the end of
          such quarter, and

               (ii) consolidated statements of income and cash flows of the
          Company, for such quarter and (in the case of the second and third
          quarters) for the portion of the fiscal year ending with such quarter,

     setting forth in each case in comparative form the figures for the
     corresponding periods in the previous fiscal year, all in reasonable
     detail, prepared in accordance with GAAP applicable to quarterly financial
     statements generally, and certified by a Senior Financial Officer as fairly
     presenting, in all material respects, the financial position of the
     companies being reported on and their results of operations and cash flows,
     subject to changes resulting from year-end adjustments, provided that
     delivery within the time period specified above of copies of the Company's
     Quarterly Report on Form 10-Q (the "FORM 10-Q") prepared in compliance with
     the requirements therefor and filed with the SEC shall be deemed to satisfy
     the requirements of this Section 7.1(a), provided, further, that the
     Company shall be deemed to have made such delivery of such Form 10-Q if it
     shall have timely made such Form 10-Q available (x) on "EDGAR" (or similar
     service that the Company has confirmed in writing is accessible by each
     holder of Notes) or (y) on its home page on the worldwide web (at the date
     of this Agreement located at: http//www.efunds.com) and shall have given
     each Purchaser prior notice (which such notice may be made by electronic
     mail or facsimile to a holder of Notes provided such holder has made
     available a means for such communication as set forth in its Schedule A) of
     such availability on, and instructions for access to, EDGAR, its home page
     or any of the similar referenced sources in connection with each delivery
     (such availability and notice thereof being referred to as "ELECTRONIC
     DELIVERY");

                                      -13-

<PAGE>

eFUNDS CORPORATION                                       NOTE PURCHASE AGREEMENT

          (b) Annual Statements -- within 90 days after the end of each fiscal
     year of the Company, copies of

               (i) a consolidated balance sheet of the Company and its
          Subsidiaries as at the end of such year, and

               (ii) consolidated statements of income, changes in shareholders'
          equity and cash flows of the Company and its Subsidiaries for such
          year,

     setting forth in each case in comparative form the figures for the previous
     fiscal year, all reported on by KPMG LLP or other independent public
     accountants of recognized national standing (without a "going concern" or
     like qualification or exception and without any qualification or exception
     as to the scope of such audit) to the effect that such consolidated
     financial statements present fairly in all material respects the financial
     condition and results of operations of the Company and its consolidated
     Subsidiaries on a consolidated basis in accordance with GAAP consistently
     applied and the report of such accountants shall further state that their
     examination in connection with such financial statements has been made in
     accordance with the standards of the Public Company Accounting Oversight
     Board (United States), provided that the delivery within the time period
     specified above of the Company's Annual Report on Form 10-K (the "FORM 10-
     K") for such fiscal year prepared in accordance with the requirements
     therefor and filed with the SEC, shall be deemed to satisfy the
     requirements of this Section 7.1(b), provided, further, that the Company
     shall be deemed to have made such delivery of such Form 10-K if it shall
     have timely made Electronic Delivery thereof;

          (c) SEC and Other Reports -- promptly upon their becoming available,
     one copy of (i) each financial statement, report, notice or proxy statement
     sent by any Obligor or any Subsidiary to its principal lending banks as a
     whole (excluding information sent to such banks in the ordinary course of
     administration of a bank facility, such as information relating to pricing,
     borrowing availability and certificates as to covenant compliance) or to
     its public securities holders generally, including, without limitation, its
     annual report to shareholders, if any, prepared pursuant to Rule 14a-3
     under the Exchange Act, and (ii) each regular or periodic report, each
     registration statement (without exhibits except as expressly requested by
     such holder), and other materials filed by any Obligor or any Subsidiary
     with the SEC, provided, that an Obligor shall be deemed to have made
     delivery of the documents in this Section 7.1(c) if it shall have timely
     made Electronic Delivery thereof;

          (d) Notice of Default or Event of Default -- promptly, and in any
     event within five Business Days after a Senior Financial Officer of an
     Obligor becomes aware of the existence of any Default or Event of Default
     or that any Person has given any notice or taken any action with respect to
     a claimed default hereunder or that any Person has given any notice or
     taken any action with respect to a claimed default of the type referred to
     in Section 11(f), a notice specifying the nature and period of existence
     thereof (and whether or not the Obligors agree that any claimed default
     constitutes a Default or Event of

                                      -14-

<PAGE>

eFUNDS CORPORATION                                       NOTE PURCHASE AGREEMENT

     Default hereunder) and what action the Obligors are taking or proposes to
     take with respect thereto;

          (e) ERISA Matters -- promptly, and in any event within five days after
     a Senior Financial Officer of an Obligor becoming aware of any of the
     following, a notice setting forth the nature thereof and the action, if
     any, that such Obligor or an ERISA Affiliate proposes to take with respect
     thereto:

               (i) with respect to any Plan, any reportable event, as defined in
          section 4043(c) of ERISA and the regulations thereunder, for which
          notice thereof has not been waived pursuant to such regulations as in
          effect on the date hereof; or

               (ii) the taking by the PBGC of steps to institute, or the
          threatening by the PBGC of the institution of, proceedings under
          section 4042 of ERISA for the termination of, or the appointment of a
          trustee to administer, any Plan, or the receipt by such Obligor or any
          ERISA Affiliate of a notice from a Multi-employer Plan that such
          action has been taken by the PBGC with respect to such Multiemployer
          Plan; or

               (iii) any event, transaction or condition that could result in
          the incurrence of any liability by such Obligor or any ERISA Affiliate
          pursuant to Title I or IV of ERISA or the penalty or excise tax
          provisions of the Code relating to employee benefit plans, or in the
          imposition of any Lien on any of the rights, properties or assets of
          such Obligor or any ERISA Affiliate pursuant to Title I or IV of ERISA
          or such penalty or excise tax provisions, if such liability or Lien,
          taken together with any other such liabilities or Liens then existing,
          could reasonably be expected to have a Material Adverse Effect;

          (f) Notices from Governmental Authority -- promptly, and in any event
     within 30 days of receipt thereof, copies of any notice to any Obligor or
     any Subsidiary from any Federal or state Governmental Authority relating to
     any order, ruling, statute or other law or regulation that could reasonably
     be expected to have a Material Adverse Effect; and

          (g) Requested Information -- with reasonable promptness, such other
     data and information relating to the business, operations, affairs,
     financial condition, assets or properties of any Obligor or any of its
     Subsidiaries (including, but without limitation, actual copies of the
     Company's Form 10-Q and Form 10-K) or relating to the ability of any
     Obligor to perform its obligations hereunder and (in the case of the
     Company) under the Notes as from time to time may be reasonably requested
     by any such holder of Notes.

     SECTION 7.2. OFFICER'S CERTIFICATE. Each set of financial statements
delivered to a holder of Notes pursuant to Section 7.1(a) or Section 7.1(b)
shall be accompanied by a certificate of a Senior Financial Officer of the
Company setting forth (which, in the case of Electronic Delivery

                                      -15-

<PAGE>

eFUNDS CORPORATION                                       NOTE PURCHASE AGREEMENT

of any such financial statements, shall be by separate concurrent delivery of
such certificate to each holder of Notes):

          (a) Covenant Compliance -- the information (including detailed
     calculations) required in order to establish whether the Obligors were in
     compliance with the requirements of Section 10.2 and Section 10.5 through
     Section 10.11, inclusive, during the quarterly or annual period covered by
     the statements then being furnished (including with respect to Sections
     10.5(o), 10.6, 10.7, 10.8, 10.9, 10.10 and 10.11, the calculations of the
     maximum or minimum amount, ratio or percentage, as the case may be,
     permissible under the terms of such Sections, and the calculation of the
     amount, ratio or percentage then in existence); and

          (b) Event of Default -- a statement by such Senior Financial Officer
     as to whether a Default or an Event of Default has occurred and, if a
     Default or an Event of Default has occurred, specifying the nature and
     period of existence thereof and what action the Obligors shall have taken
     or proposes to take with respect thereto.

     SECTION 7.3. VISITATION. Each Obligor shall permit the representatives of
each holder of Notes that is an Institutional Investor:

          (a) No Default -- if no Default or Event of Default then exists, at
     the expense of such holder and upon reasonable prior notice to the Company,
     to visit the principal executive office of such Obligor, to discuss the
     affairs, finances and accounts of the Company and its Subsidiaries with
     such Obligor's officers, and (with the consent of the Company, which
     consent will not be unreasonably withheld) its independent public
     accountants, and (with the consent of the Company, which consent will not
     be unreasonably withheld) to visit the other offices and properties of such
     Obligor and each Subsidiary, all at such reasonable times and as often as
     may be reasonably requested in writing; and

          (b) Default -- if a Default or Event of Default then exists, at the
     expense of the Obligors (which shall not exceed the reasonable expenses
     incurred by such holder), upon reasonable prior notice to the Company, to
     visit and inspect any of the offices or properties of any Obligor or any
     Subsidiary, to examine all their respective books of account, records,
     reports and other papers, to make copies and extracts therefrom, and to
     discuss their respective affairs, finances and accounts with their
     respective officers and independent public accountants (and by this
     provision each Obligor authorizes said accountants to discuss the affairs,
     finances and accounts of such Obligor and its Subsidiaries), all at such
     reasonable times and as often as may be reasonably requested.

     SECTION 7.4. LIMITATION ON DISCLOSURE OBLIGATION. No Obligor shall be
required to disclose the following information pursuant to Section 7.1(g) or
7.3:

          (a) information that the Company determines after consultation with
     counsel qualified to advise on such matters that, notwithstanding the
     confidentiality requirements

                                      -16-

<PAGE>

eFUNDS CORPORATION                                       NOTE PURCHASE AGREEMENT

     of Section 20, such Obligor would be prohibited from disclosing by
     applicable privacy laws or regulations; or

          (b) information that, notwithstanding the confidentiality requirements
     of Section 20, such Obligor is prohibited from disclosing by the terms of
     an obligation of confidentiality contained in any agreement with any
     non-Affiliate binding upon such Obligor and not entered into in
     contemplation of this clause (b), provided that such Obligor shall use
     commercially reasonable efforts to obtain consent from the party in whose
     favor the obligation of confidentiality was made to permit the disclosure
     of the relevant information and provided further that such Obligor has
     received a written opinion of counsel confirming that disclosure of such
     information without consent from such other contractual party would
     constitute a breach of such agreement.

     Promptly after a request therefor from any holder of Notes that is an
     Institutional Investor, the Company will provide such holder with a written
     opinion of counsel (which may be addressed to the Company) relied upon as
     to any requested information that any Obligor is prohibited from disclosing
     to such holder under circumstances described in this Section 7.4.

SECTION 8. PAYMENT AND PREPAYMENT OF THE NOTES.

     SECTION 8.1. MATURITY. As provided therein, the entire unpaid principal
balance of the Notes shall be due and payable on the stated maturity date
thereof.

     SECTION 8.2. OPTIONAL PREPAYMENTS. (a) The Company may, at its option, upon
notice as provided below, prepay at any time all, or from time to time any part
of, the Notes, in an amount not less than 10% of the aggregate principal amount
of the Notes then outstanding in the case of a partial prepayment, at 100% of
the principal amount so prepaid, and the Make-Whole Amount determined for the
prepayment date with respect to such principal amount. The Company will give
each holder of Notes notice of each optional prepayment under this Section 8.2
not less than 30 days and not more than 60 days prior to the date fixed for such
prepayment. Each such notice shall specify such date (which shall be a Business
Day), the aggregate principal amount of the Notes to be prepaid on such date,
the principal amount of each Note held by such holder to be prepaid (determined
in accordance with Section 8.4), and the interest to be paid on the prepayment
date with respect to such principal amount being prepaid, and shall be
accompanied by a certificate of a Senior Financial Officer as to the estimated
Make-Whole Amount due in connection with such prepayment (calculated as if the
date of such notice were the date of the prepayment), setting forth the details
of such computation. Two Business Days prior to such prepayment, the Company
shall deliver to each holder of Notes a certificate of a Senior Financial
Officer specifying the calculation of such Make-Whole Amount as of the specified
prepayment date.

     (b) In the event of any Debt Prepayment Application pursuant to Section
10.6, the Company shall offer to prepay each outstanding Note in a principal
amount which equals the Ratable Portion for such Note (which offer shall be in
writing and shall offer to make such prepayment on a Business Day which is not
less than 30 and not more than 60 days after the date

                                      -17-

<PAGE>

eFUNDS CORPORATION                                       NOTE PURCHASE AGREEMENT

of the notice of offer (the "DISPOSITION PREPAYMENT DATE")), together with
accrued interest thereon to the date of such prepayment. Each holder of a Note
shall notify the Company of such holder's acceptance or rejection of such offer
within 10 Business Days of receipt thereof by giving notice of such acceptance
or rejection to the Company, provided, however, that any holder who fails to so
notify the Company within 10 Business Days of receipt of the notice of offer of
prepayment shall be deemed to have rejected such offer. If any holder rejects or
is deemed to have rejected such offer of prepayment in accordance with the
preceding sentence, then, for the purposes of determining compliance with
Section 10.6(c), the Company nevertheless will be deemed to have made a Debt
Prepayment Application in an amount equal to the Ratable Portion for such Note.
The Company shall prepay on the Disposition Prepayment Date the Ratable Portion
of each Note held by the holders who have accepted such offer in accordance with
this Section 8.2(b), together with accrued interest thereon to the date of such
prepayment. "RATABLE PORTION" for any Note means, with respect to a Debt
Prepayment Application, an amount equal to the product of (x) the Net Sales
Amount being so applied to the payment of Senior Debt multiplied by (y) a
fraction the numerator of which is the outstanding principal amount of such Note
and the denominator of which is the aggregate principal amount of Senior Debt of
the Obligors and their Subsidiaries that is being offered to be paid as part of
such Debt Prepayment Application. The Make-Whole Amount shall not be payable in
connection with any Debt Prepayment Application made with respect to the Notes
from the Net Sale Amount (or portion thereof) arising from Asset Dispositions.

     SECTION 8.3. PREPAYMENT OF NOTES UPON CHANGE IN CONTROL.

     (a) Notice of Change in Control. Within five Business Days of a Change in
Control, the Company shall have given to each holder of Notes written notice
containing and constituting an offer to prepay Notes as described in
subparagraph (b) of this Section 8.3, accompanied by the certificate described
in subparagraph (e) of this Section 8.3.

     (b) Offer to Prepay Notes. The offer to prepay Notes contemplated by
subparagraph (a) of this Section 8.3 shall be an offer to prepay, in accordance
with and subject to this Section 8.3, all, but not less than all, the Notes held
by each holder (in this case only, "HOLDER" in respect of any note registered in
the name of a nominee for a disclosed beneficial owner shall mean such
beneficial owner) on the date specified in such offer (the "PROPOSED PREPAYMENT
DATE") that is not less than 30 days and not more than 60 days after the date of
such offer.

     (c) Acceptance; Rejection. A holder of Notes may accept the offer to prepay
made pursuant to this Section 8.3 by causing a notice of such acceptance to be
delivered to the Company at least 10 Business Days prior to the Proposed
Prepayment Date. A failure by a holder of Notes to respond to an offer to prepay
made pursuant to this Section 8.3 shall be deemed to constitute a rejection of
such offer by such holder.

     (d) Prepayment. Prepayment of the Notes to be prepaid pursuant to this
Section 8.3 shall be at 100% of the principal amount of such Notes, together
with interest on such Notes accrued to the date of prepayment and without any
Make-Whole Amount. The prepayment shall be made on the Proposed Prepayment Date.

                                      -18-

<PAGE>

eFUNDS CORPORATION                                       NOTE PURCHASE AGREEMENT

     (e) Officer's Certificate. Each offer to prepay the Notes pursuant to this
Section 8.3 shall be accompanied by a certificate, executed by a Senior
Financial Officer of the Company and dated the date of such offer, specifying:
(i) the Proposed Prepayment Date; (ii) that such offer is made pursuant to this
Section 8.3; (iii) the principal amount of each Note offered to be prepaid; (iv)
the interest that would be due on each Note offered to be prepaid, accrued to
the Proposed Prepayment Date; (v) that the conditions of this Section 8.3 have
been fulfilled; and (vi) in reasonable detail, the nature and date or proposed
date of the Change in Control.

     (f) Certain Definitions. "CHANGE IN CONTROL" means (a) the acquisition of
ownership, directly or indirectly, beneficial or of record, by any "person" or
"group" (within the meaning of the Securities Exchange Act of 1934 and the rules
of the SEC thereunder as in effect on the date of Closing), of Equity Interest
representing more than 35% of the aggregate ordinary voting power represented by
the issued and outstanding Equity Interests of the Company; (b) occupation of a
majority of the seats (other than vacant seats) on the board of directors of the
Company by Persons who were neither (i) nominated by the board of directors of
the Company nor (ii) appointed by directors so nominated; or (c) the acquisition
of direct or indirect Control of the Company by any Person or group.

     SECTION 8.4. ALLOCATION OF PARTIAL PREPAYMENTS. In the case of each partial
prepayment of the Notes pursuant to Section 8.2(a), the principal amount of the
Notes to be prepaid shall be allocated among all of the Notes at the time
outstanding in proportion, as nearly as practicable, to the respective unpaid
principal amounts thereof not theretofore called for prepayment.

     SECTION 8.5. MATURITY; SURRENDER, ETC. In the case of each prepayment of
Notes pursuant to this Section 8, the principal amount of each Note to be
prepaid shall mature and become due and payable on the date fixed for such
prepayment (which shall be a Business Day), together with interest on such
principal amount accrued to such date and, in the case of prepayments pursuant
to Section 8.2(a), the applicable Make-Whole Amount, if any. From and after such
date, unless the Company shall fail to pay such principal amount when so due and
payable, together with the interest and Make-Whole Amount, if any, as aforesaid,
interest on such principal amount shall cease to accrue. Any Note paid or
prepaid in full shall be surrendered to the Company and cancelled and shall not
be reissued, and no Note shall be issued in lieu of any prepaid principal amount
of any Note.

     SECTION 8.6. PURCHASE OF NOTES. The Company will not and will not permit
any Affiliate to purchase, redeem, prepay or otherwise acquire, directly or
indirectly, any of the outstanding Notes except upon the payment or prepayment
of the Notes in accordance with the terms of this Agreement and the Notes. The
Company will promptly cancel all Notes acquired by it or any Affiliate pursuant
to any payment or prepayment of Notes pursuant to any provision of this
Agreement and no Notes may be issued in substitution or exchange for any such
Notes.

     SECTION 8.7. MAKE-WHOLE AMOUNT.

     "MAKE-WHOLE AMOUNT" means, with respect to any Note, an amount equal to the
excess, if any, of the Discounted Value of the Remaining Scheduled Payments with
respect to the Called Principal of such Note over the amount of such Called
Principal, provided that the

                                      -19-

<PAGE>

eFUNDS CORPORATION                                       NOTE PURCHASE AGREEMENT

Make-Whole Amount may in no event be less than zero. For the purposes of
determining the Make-Whole Amount, the following terms have the following
meanings:

     "CALLED PRINCIPAL" means, with respect to any Note, the principal of such
Note that is to be prepaid pursuant to Section 8.2(a) or has become or is
declared to be immediately due and payable pursuant to Section 12.1, as the
context requires.

     "DISCOUNTED VALUE" means, with respect to the Called Principal of any Note,
the amount obtained by discounting all Remaining Scheduled Payments with respect
to such Called Principal from their respective scheduled due dates to the
Settlement Date with respect to such Called Principal, in accordance with
accepted financial practice and at a discount factor (applied on the same
periodic basis as that on which interest on the Notes is payable) equal to the
Reinvestment Yield with respect to such Called Principal.

     "REINVESTMENT YIELD" means, with respect to the Called Principal of any
Note, .50% over the yield to maturity implied by (i) the yields reported as of
10:00 a.m. (New York City time) on the second Business Day preceding the
Settlement Date with respect to such Called Principal, on the display designated
as "Page PX1" (or such other display as may replace Page PX1 on Bloomberg
Financial Markets ("Bloomberg") or, if Page PX1 (or its successor screen on
Bloomberg) is unavailable, the Telerate Access Service screen which corresponds
most closely to Page PX1 for the most recently issued actively traded U.S.
Treasury securities having a maturity equal to the Remaining Average Life of
such Called Principal as of such Settlement Date, or (ii) if such yields are not
reported as of such time or the yields reported as of such time are not
ascertainable (including by way of interpolation), the Treasury Constant
Maturity Series Yields reported, for the latest day for which such yields have
been so reported as of the second Business Day preceding the Settlement Date
with respect to such Called Principal, in Federal Reserve Statistical Release
H.15 (519) (or any comparable successor publication) for actively traded U.S.
Treasury securities having a constant maturity equal to the Remaining Average
Life of such Called Principal as of such Settlement Date. Such implied yield
will be determined, if necessary, by (a) converting U.S. Treasury bill
quotations to bond equivalent yields in accordance with accepted financial
practice and (b) interpolating linearly between (1) the actively traded U.S.
Treasury security with the maturity closest to and greater than such Remaining
Average Life and (2) the actively traded U.S. Treasury security with the
maturity closest to and less than such Remaining Average Life. The Reinvestment
Yield shall be rounded to the number of decimal places as appears in the
interest rate of the applicable Note.

     "REMAINING AVERAGE LIFE" means, with respect to any Called Principal, the
number of years (calculated to the nearest one-twelfth year) obtained by
dividing (i) such Called Principal into (ii) the sum of the products obtained by
multiplying (a) the principal component of each Remaining Scheduled Payment with
respect to such Called Principal by (b) the number of years (calculated to the
nearest one-twelfth year) that will elapse between the Settlement Date with
respect to such Called Principal and the scheduled due date of such Remaining
Scheduled Payment.

     "REMAINING SCHEDULED PAYMENTS" means, with respect to the Called Principal
of any Note, all payments of such Called Principal and interest thereon that
would be due after the

                                      -20-

<PAGE>

eFUNDS CORPORATION                                       NOTE PURCHASE AGREEMENT

Settlement Date with respect to such Called Principal if no payment of such
Called Principal were made prior to its scheduled due date, provided that if
such Settlement Date is not a date on which interest payments are due to be made
under the terms of the Notes, then the amount of the next succeeding scheduled
interest payment will be reduced by the amount of interest accrued to such
Settlement Date and required to be paid on such Settlement Date pursuant to
Section 8.2(a) or Section 12.1.

     "SETTLEMENT DATE" means, with respect to the Called Principal of any Note,
the date on which such Called Principal is to be prepaid pursuant to Section
8.2(a) or has become or is declared to be immediately due and payable pursuant
to Section 12.1, as the context requires.

SECTION 9. AFFIRMATIVE COVENANTS.

     The Obligors, jointly and severally, covenant that so long as any of the
Notes are outstanding:

     SECTION 9.1. COMPLIANCE WITH LAW. Without limiting Section 10.4, each
Obligor will, and will cause each of its Subsidiaries to, comply with all laws,
ordinances or governmental rules or regulations to which each of them is
subject, including, without limitation, ERISA, the USA Patriot Act and
Environmental Laws, and will obtain and maintain in effect all licenses,
certificates, permits, franchises and other governmental authorizations
necessary to the ownership of their respective properties or to the conduct of
their respective businesses, in each case to the extent necessary to ensure that
non-compliance with such laws, ordinances or governmental rules or regulations
or failures to obtain or maintain in effect such licenses, certificates,
permits, franchises and other governmental authorizations could not,
individually or in the aggregate, reasonably be expected to have a Material
Adverse Effect.

     SECTION 9.2. INSURANCE. Each Obligor will, and will cause each of its
Subsidiaries to, maintain, with financially sound and reputable insurers,
insurance with respect to their respective properties and businesses against
such casualties and contingencies, of such types, on such terms and in such
amounts as is customary in the case of entities engaged in the same or a similar
business and similarly situated.

     SECTION 9.3. MAINTENANCE OF PROPERTIES. Each Obligor will, and will cause
each of its Subsidiaries to, maintain and keep, or cause to be maintained and
kept, their respective properties in good repair, working order and condition
(other than ordinary wear and tear), so that the business carried on in
connection therewith may be properly conducted at all times, provided that this
Section shall not prevent any Obligor or any Subsidiary from discontinuing the
operation and the maintenance of any of its properties if such discontinuance is
desirable in the conduct of its business and such Obligor has concluded that
such discontinuance could not, individually or in the aggregate, reasonably be
expected to have a Material Adverse Effect.

     SECTION 9.4. PAYMENT OF TAXES AND CLAIMS. Each Obligor will, and will cause
each of its Subsidiaries to, file all tax returns required to be filed in any
jurisdiction and to pay and discharge all taxes shown to be due and payable on
such returns and all other taxes, assessments, governmental charges, or levies
imposed on them or any of their properties, assets, income or

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eFUNDS CORPORATION                                       NOTE PURCHASE AGREEMENT

franchises, to the extent such taxes and assessments have become due and payable
and before they have become delinquent and all claims for which sums have become
due and payable that have or might become a Lien on properties or assets of such
Obligor or any Subsidiary, provided that neither such Obligor nor any Subsidiary
need pay any such tax or assessment or claims if (i) the amount, applicability
or validity thereof is contested by such Obligor or such Subsidiary on a timely
basis in good faith and in appropriate proceedings, and such Obligor or such
Subsidiary has established adequate reserves therefor in accordance with GAAP on
the books of the Company or such Subsidiary, or (ii) the nonpayment of all such
taxes, assessments and claims in the aggregate could not reasonably be expected
to have a Material Adverse Effect.

     SECTION 9.5. CORPORATE EXISTENCE, ETC. Each Obligor will, and will cause
each of its Subsidiaries to, do or cause to be done all things necessary to
preserve, renew and keep in full force and effect its corporate, limited
liability company or partnership existence and the rights, licenses, permits,
privileges and franchises Material to the conduct of its business; provided that
the foregoing shall not prohibit any merger, consolidation, liquidation,
dissolution or sale permitted under Sections 10.2 or 10.6.

     SECTION 9.6. BOOKS AND RECORDS. Each Obligor will, and will cause each of
its Subsidiaries to, maintain proper books of record and account in conformity
with GAAP in all material respects.

     SECTION 9.7. GUARANTORS. (a) The Company hereby covenants and agrees that,
as promptly as possible but in any event within thirty (30) days (or such later
date as may be agreed upon by the Required Holders) after any Person becomes a
Material Subsidiary or any Subsidiary qualifies independently as, or is
designated by the Company as, a Material Subsidiary pursuant to the definition
of "Material Subsidiary," the Company shall provide the holders with notice
thereof setting forth information in reasonable detail describing the material
assets of such Subsidiary and shall cause each such Subsidiary to enter into a
Joinder Agreement or otherwise deliver another Guarantee Agreement reasonably
acceptable to the Required Holders, in each case, for the benefit of the holders
of the Notes.

     In addition to the foregoing and not in limitation thereof, the Company
hereby covenants and agrees that, in any other event where any Subsidiary which
is not then a Guarantor guarantees the Company's obligations under the Bank
Credit Agreement, it will cause such Subsidiary to, concurrently therewith,
enter into a Joinder Agreement or otherwise deliver another Guarantee Agreement
reasonably acceptable to the Required Holders, in each case, for the benefit of
the holders of the Notes. For the avoidance of doubt, it is acknowledged and
agreed that no Subsidiary shall become a borrower or an obligor under the Bank
Credit Agreement, other than by reason of a Guaranty thereof (which Guaranty of
the Bank Credit Agreement shall be subject to the terms of the Intercreditor
Agreement).

     Concurrently with the delivery of a Joinder Agreement or another Guarantee
Agreement by a Subsidiary pursuant to the terms of this Section 9.7, the Company
will cause such Subsidiary to deliver appropriate corporate resolutions, other
corporate documentation and legal opinions (such legal opinions to be from staff
or independent counsel, in each case, reasonably

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eFUNDS CORPORATION                                       NOTE PURCHASE AGREEMENT

satisfactory to the Required Holders), all in form and substance reasonably
satisfactory to the Required Holders and their counsel.

     (b) Notwithstanding the foregoing, in the event that any Guarantor is no
longer obligated to any Lender pursuant to any Guaranty thereof and (x) no
Default or Event of Default exists or would exist immediately after such
release, and (y) such Guarantor is not a Material Subsidiary (including as a
result of a sale, transfer or other conveyance of such Guarantor permitted by
Section 10.6), the holders of the Notes hereby agree to, and they hereby do,
release such Guarantor from its obligations under the Guarantee Agreement. The
holders of the Notes will evidence such release pursuant to such instruments of
release as may be reasonably requested by the Company. For avoidance of doubt, a
disposition of a Guarantor that is permitted by Section 10.6 shall result in the
release of such Guarantor provided that the terms and conditions of this Section
9.7(b) are then satisfied.

     (c) For purposes of this Section 9.7, "MATERIAL SUBSIDIARY" means each
Domestic Subsidiary (i) the EBITDA of which, as of the most recent fiscal
quarter of the Company, for the period of four consecutive fiscal quarters then
ended, for which financial statements have been delivered pursuant to Section
7.1(a) and (b) was greater than five percent (5%) of Consolidated EBITDA for
such period or (ii) the consolidated total assets of which as of the end of such
fiscal quarter were greater than five percent (5%) of Consolidated Total Assets
as of such date; provided that, if at any time the aggregate amount of the
EBITDA or consolidated total assets of all Domestic Subsidiaries that are not
Guarantors exceeds ten percent (10%) of Consolidated EBITDA for any such period
or ten percent (10%) of Consolidated Total Assets as of the end of any such
fiscal quarter, the Company shall promptly (and in any event within 30 days)
designate sufficient Domestic Subsidiaries as "Material Subsidiaries" to
eliminate such excess, and such designated Subsidiaries shall for all purposes
of this Agreement constitute Guarantors.

     SECTION 9.8. PARI PASSU RANKING. (a) The Company's obligations under the
Financing Agreements will at all times rank at least pari passu, without
preference or priority, with all of its other outstanding unsubordinated
unsecured Indebtedness (including, without limitation, the Bank Credit Agreement
and the other Loan Documents). Each Obligor's (other than the Company)
obligations under the Financing Agreements will at all times rank at least pari
passu, without preference or priority, with all of such Obligor's other
outstanding unsubordinated unsecured Indebtedness (including, without
limitation, the Bank Credit Agreement and the other Loan Documents).

     In addition to the foregoing and not in limitation thereof, if at any time
the Company or any other Obligor is required to grant a security interest in or
pledge any assets pursuant to paragraph (b) of this Section 9.8, then (i) the
Company's obligations under, and any security interest in Collateral granted
under, the Financing Agreements will at all times rank at least pari passu,
without preference or priority, with all of its obligations under the Bank
Credit Agreement and the other Loan Documents secured by the same Collateral and
(ii) each Obligor's (other than the Company) obligations under, and any security
interest in Collateral granted under, the Financing Agreements will at all times
rank at least pari passu, without preference or priority, with all of such
Obligor's obligations under the Bank Credit Agreement and the other Loan
Documents secured by the same Collateral.

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eFUNDS CORPORATION                                       NOTE PURCHASE AGREEMENT

     (b) Each Obligor hereby covenants and agrees that, if such Obligor or any
Subsidiary grants a security interest and Lien in any Collateral as security for
the Company's or any Subsidiary's obligations under the Bank Credit Agreement
and the other Loan Documents, it will, and/or will cause such Subsidiary to,
concurrently therewith, (a) grant to the holders of the Notes or a Collateral
Agent, for the ratable benefit of the holders of the Notes and the Lenders, a
security interest in such property pursuant to Collateral Documents acceptable
to the Required Holders, on a pari passu basis with the Lenders and (b) deliver
appropriate corporate resolutions, other corporate documentation and legal
opinions (such legal opinions to be from staff or independent counsel, in each
case, reasonably satisfactory to the Required Holders), all in form and
substance reasonably satisfactory to the Required Holders and their counsel.
Each Obligor further agrees to deliver to the Collateral Agent (with a copy to
each holder of the Notes) or directly to the holders of the Notes, as the case
may be, all such Collateral Documents, together with appropriate corporate
documentation, in each case in form and substance reasonably satisfactory to the
Required Holders and their counsel, and in a manner that the Required Holders
shall be satisfied that the holders have a first priority perfected security
interest and Lien in such property. Each Obligor shall ensure that at the time
that such Obligor or any Subsidiary grants a security interest and Lien in any
Collateral as security for the Company's or any Subsidiary's obligations under
the Bank Credit Agreement and the other Loan Documents, such security interest
and Lien is subject to the Intercreditor Agreement, the Intercreditor Agreement
is in full force and effect and that the Lenders are a party thereto.

     SECTION 10. NEGATIVE COVENANTS.

     The Obligors, jointly and severally, covenant that so long as any of the
Notes are outstanding:

     SECTION 10.1. TRANSACTIONS WITH AFFILIATES. No Obligor will, or will permit
any Subsidiary to, enter into directly or indirectly any transaction or group of
related transactions (including without limitation the purchase, lease, sale or
exchange of properties of any kind or the rendering of any service) with any
Affiliate (other than any Obligor or another Subsidiary), except (a) in the
ordinary course of business and at prices and/or terms and conditions no less
favorable to such Obligor or such Subsidiary than would be obtained on an
arm's-length basis with a Person not an Affiliate, (b) advances to officers,
directors or employees of such Obligor or such Subsidiary in the ordinary course
of business consistent with past practice, (c) employment, indemnification, and
compensation arrangements (including arrangements made with respect to bonuses
and equity-based awards) entered into in the ordinary course of business
consistent with past practice with members of the board of directors, officers
and employees of such Obligor or such Subsidiary and (d) any payment of
dividends, redemptions of stock or other distributions to the shareholders of
such Obligor or such Subsidiary, provided, that in the case of the transactions
in clause (d), no Default or Event of Default exists at the time of, or would
exist after giving effect to, such transactions.

     SECTION 10.2. MERGER, CONSOLIDATION, ETC. No Obligor will consolidate with
or merge with any other Person or convey, transfer or lease all or substantially
all of its assets in a single transaction or series of transactions to any
Person (except that any Obligor may merge with or into, or convey, transfer or
lease all or substantially all of its assets to, the Company or another

                                      -24-

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eFUNDS CORPORATION                                       NOTE PURCHASE AGREEMENT

Obligor if (1) in any such merger or consolidation involving the Company, the
Company is the survivor and (2) immediately after giving effect to any such
merger, consolidation or conveyance, transfer or lease, no Default or Event of
Default would exist) unless :

          (a) the successor formed by such consolidation or the survivor of such
     merger or the Person that acquires by conveyance, transfer or lease all or
     substantially all of the assets of such Obligor as an entirety, as the case
     may be, shall be a solvent corporation, limited liability company, limited
     partnership or business trust organized and existing under the laws of the
     United States or any State thereof (including the District of Columbia),
     and, if such Obligor is not such corporation, limited liability company,
     limited partnership or business trust, (i) such corporation, limited
     liability company, limited partnership or business trust shall have
     executed and delivered to each holder of any Notes its assumption of the
     due and punctual performance and observance of each covenant and condition
     of the Financing Agreements to which such Obligor is a party, (ii) such
     corporation, limited liability company, limited partnership or business
     trust shall have caused to be delivered to each holder of any Notes an
     opinion of staff or independent counsel, in each case, reasonably
     satisfactory to the Required Holders, to the effect that all agreements or
     instruments effecting such assumption are enforceable in accordance with
     their terms and comply with the terms hereof and (iii) each other Obligor
     who was not a party to such consolidation, merger or conveyance, transfer
     or lease of assets, shall have executed and delivered an acknowledgement
     that the Financing Agreements to which they are a party continue in full
     force and effect; and

          (b) immediately before and immediately after giving effect to such
     transaction, (i) no Default or Event of Default shall have occurred and be
     continuing and (ii) such Obligor (or the successor to such Obligor, as the
     case may be) could incur at least $1.00 of additional Indebtedness pursuant
     to Sections 10.8, 10.9 and 10.10, treating such transaction, for purposes
     of determining compliance with Sections 10.8, 10.9 and 10.10, as having
     been consummated as of the last day of the immediately preceding fiscal
     quarter.

No such conveyance, transfer or lease of substantially all of the assets of an
Obligor shall have the effect of releasing such Obligor or any successor
corporation, limited liability company, limited partnership or business trust
that shall theretofore have become such in the manner prescribed in this Section
10.2 from its liability under the Financing Agreements to which it is a party,
other than the release of a Guarantor pursuant to the terms and conditions of
Section 9.7(b).

     This Section 10.2 shall not prohibit a disposition of a Subsidiary or the
assets thereof (including as a result of any merger or consolidation) if such
disposition is pursuant to and in accordance with the provision of Section 10.6

     SECTION 10.3. LINE OF BUSINESS. Each Obligor will not and will not permit
any Subsidiary to engage in any business if, as a result, the general nature of
the business in which the Company and its Subsidiaries, taken as a whole, would
then be engaged would be substantially changed

                                      -25-

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eFUNDS CORPORATION                                       NOTE PURCHASE AGREEMENT

from the general nature of the business in which the Company and its
Subsidiaries, taken as a whole, are engaged on the date of this Agreement as
described in the Disclosure Documents.

     SECTION 10.4. TERRORISM SANCTIONS REGULATIONS. Each Obligor will not and
will not permit any Subsidiary to (a) become a Person described or designated in
the Specially Designated Nationals and Blocked Persons List of the Office of
Foreign Assets Control or in Section 1 of the Anti-Terrorism Order or (b) with
the actual knowledge of any Senior Financial Officer of any Obligor, engage in
any material dealings or transactions with any such Person.

     SECTION 10.5. LIENS. No Obligor will, nor will it permit any Subsidiary to,
directly or indirectly create, incur, assume or permit to exist (upon the
happening of a contingency or otherwise) any Lien on or with respect to any
property or asset (including, without limitation, any document or instrument in
respect of goods or accounts receivable) of such Obligor or any such Subsidiary,
whether now owned or held or hereafter acquired, or any income or profits
therefrom or assign or otherwise convey any right to receive income or profits,
except:

          (a) Liens for taxes or assessments or other governmental charges or
     levies, provided that payment thereof is not required by Section 9.4;

          (b) carriers', warehousemen's, mechanics', materialmen's, repairmen's
     and other like Liens imposed by law, arising in the ordinary course of
     business and securing obligations that are not overdue by more than 30 days
     or are being contested by such Obligor or such Subsidiary on a timely basis
     in good faith and in appropriate proceedings in compliance with Section
     9.4;

          (c) pledges and deposits made in the ordinary course of business in
     compliance with workers' compensation, unemployment insurance and other
     social security laws or regulations;

          (d) Liens created by or resulting from any litigation or legal
     proceeding which is currently being contested in good faith by appropriate
     proceedings, provided that payment thereof is not required by Section 9.4,
     and Liens in respect of judgments that do not constitute an Event of
     Default under Section 11(i);

          (e) other Liens incidental to the normal conduct of the business of
     such Obligor and its Subsidiaries or the ownership of their property,
     including, without limitation, deposits and Liens with respect to the
     performance of bids, trade contracts, leases, statutory obligations, surety
     and appeal bonds, performance bonds and other obligations of a like nature,
     in each case which are not securing Indebtedness;

          (f) easements, zoning restrictions, rights of way and similar
     encumbrances on real property imposed by law as arising in the ordinary
     course of business that do not secure any monetary obligation and do not
     materially detract from the value of the affected property or interfere
     with the ordinary conduct of business of the Company and its Subsidiaries
     taken as a whole;

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eFUNDS CORPORATION                                       NOTE PURCHASE AGREEMENT

          (g) any interest or title of a lessor under any operating lease
     entered into in the ordinary course of business;

          (h) Liens existing on the date of this Agreement and securing the
     Indebtedness of such Obligor and its Subsidiaries referred to in Schedule
     5.15;

          (i) (i) any Lien in property or in rights relating thereto to secure
          any rights granted with respect to such property in connection with
          the provision of all or a part of the purchase price or cost of the
          construction of such property created contemporaneously with, or
          within 180 days after, such acquisition or the completion of such
          construction, or

               (ii) any Lien in property existing in such property at the time
          of acquisition thereof (including, without limitation, by acquisition
          of Equity Interests of a Person as contemplated in clause (iii) of
          this Section 10.5(i)), whether or not the Indebtedness secured thereby
          is assumed by such Obligor or such Subsidiary, or

               (iii) any Lien existing in the property of a Person at the time
          such Person is merged into or consolidated with such Obligor or a
          Subsidiary or at the time of a sale, lease or other disposition of the
          properties of a Person as an entirety or substantially as an entirety
          to such Obligor or a Subsidiary;

provided, however, that with respect to any of the Liens permitted by this
Section 10.5(i), (A) the principal amount of the Indebtedness secured by any
such Liens shall not increase from the Indebtedness secured at the time of such
merger, consolidation or acquisition, (B) any such Lien shall extend solely to
the item or items of such property (or improvement thereon) so acquired or
constructed and (C) with respect to the Liens permitted by clauses (ii) or (iii)
of this Section 10.5(i), no such Lien shall have been created or assumed in
contemplation of such consolidation or merger or such Person's becoming a
Subsidiary or such acquisition of property;

          (j) Liens securing the extension, renewal or replacement of any
     obligation secured by a Lien permitted by the foregoing paragraphs (h) and
     (i) in respect of the same property subject thereto or the extension,
     renewal of such replacement Liens (without increase of principal amount of
     the Indebtedness secured);

          (k) Liens securing obligations of a Subsidiary to an Obligor;

          (l) licenses, leases or subleases granted to other Persons in the
     ordinary course of business and not interfering in any material respect
     with the businesses of such Obligor or such Subsidiary;

          (m) customary bankers' Liens and rights of setoff arising by operation
     of law and incurred on deposits made in the ordinary course of business;

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eFUNDS CORPORATION                                       NOTE PURCHASE AGREEMENT

          (n) Liens on Collateral securing obligations of the Company and its
     Subsidiaries under the Financing Agreements and the Bank Credit Agreement
     and the other Loan Documents, on a pari passu basis, provided, that the
     Intercreditor Agreement is entered into by the holders of the Notes and
     each Lender with respect to such Collateral and is in full force and
     effect; and

          (o) Liens on assets (other than the Collateral) securing Indebtedness
     of such Obligor or any Subsidiary in addition to those described in clauses
     (a) through (n) above, provided, that no such Liens shall be incurred if at
     the time thereof or after giving effect thereto, a Default or Event of
     Default exists or would exist hereunder, including, without limitation,
     under Section 10.7.

     For the purposes of this Section 10.5, all of the Liens of any Person
becoming a Subsidiary after the date of this Agreement shall be deemed to be
outstanding Liens at the time it becomes a Subsidiary, and any Obligor or
Subsidiary extending, renewing or refunding any Indebtedness secured by any Lien
shall be deemed to have incurred such Lien at the time of such extension,
renewal or refunding.

     SECTION 10.6. SALE OF ASSETS. Except as permitted under Section 10.2, no
Obligor will, nor will it permit any Subsidiary to, make any Asset Disposition
unless:

          (a) in the good faith opinion of such Obligor or Subsidiary making the
     Asset Disposition, the Asset Disposition is in exchange for consideration
     having a fair market value at least equal to that of the property exchanged
     and such Asset Disposition is, in the good faith judgment of the Company,
     in the best interest of such Obligor or such Subsidiary;

          (b) immediately after giving effect to the Asset Disposition, (i) no
     Default or Event of Default would exist and (ii) such Obligor or such
     Subsidiary could incur at least $1.00 of additional Indebtedness pursuant
     to Sections 10.8, 10.9 and 10.10, assuming such Asset Disposition occurred
     as of the last day of the immediately preceding fiscal quarter; and

          (c) immediately after giving effect to the Asset Disposition, the sum
     of (i) the Disposition Value of the property subject to such Asset
     Disposition, plus (ii) the aggregate Disposition Value for all other
     property that was the subject of an Asset Disposition during the then
     current fiscal year, would not exceed 15% of Consolidated Total Assets
     determined as of the end of the most recently ended fiscal year preceding
     such Asset Disposition.

To the extent that the Net Sales Amount arising from Asset Dispositions is
applied or offered to be applied to a Debt Prepayment Application or applied to
a Property Reinvestment Application, in each case, within one year after such
Asset Disposition, then such Asset Disposition (or, if less than all such Net
Sales Amount is applied as contemplated hereinabove, the pro rata percentage
thereof which corresponds to the Net Sales Amount so applied (or offered in the
case of a Debt

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eFUNDS CORPORATION                                       NOTE PURCHASE AGREEMENT

Prepayment Application)), only for the purpose of determining compliance with
subsection (c) of this Section 10.6 as of any date, shall be deemed not to be an
Asset Disposition.

The Transfer of a Guarantor that is permitted by this Section 10.6 shall result
in the release of such Guarantor provided that the terms and conditions of
Section 9.7(b) are then satisfied.

     SECTION 10.7. PRIORITY DEBT. The Company will not, at any time, permit
Priority Debt to exceed 20% of Consolidated Net Worth. For purposes of this
Section 10.7, Consolidated Net Worth shall be determined as of the end of the
most recently ended fiscal quarter.

     SECTION 10.8. SUBSIDIARY DEBT LIMITATION. The Company will not, at any
time, permit any Subsidiary to, directly or indirectly, create, incur, assume,
guarantee, have outstanding, or otherwise become or remain directly or
indirectly liable with respect to, any Indebtedness other than:

          (a) Indebtedness of a Guarantor that is subject to the Intercreditor
     Agreement;

          (b) Indebtedness of a Guarantor that is not subject to the
     Intercreditor Agreement in an aggregate amount for such Guarantor not in
     excess of $20,000,000, provided that if such Indebtedness is in excess of
     $20,000,000, then all Indebtedness of such Guarantor that is not subject to
     the Intercreditor Agreement (including all amounts less than $20,000,000)
     shall be subject to the provisions of paragraph (f) of this Section 10.8
     unless otherwise permitted by another paragraph of this Section 10.8;

          (c) in addition to the Indebtedness permitted under paragraphs (a) and
     (b), Indebtedness of a Subsidiary outstanding on the date of this Agreement
     and described on Schedule 5.15 and any extension or renewal of any such
     Indebtedness that does not increase the principal amount then outstanding;

          (d) Indebtedness of a Subsidiary owed to the Company or a Wholly-Owned
     Subsidiary;

          (e) Indebtedness of a Subsidiary outstanding at the time such
     Subsidiary becomes a Subsidiary and any extension or renewal of such
     Indebtedness that does not increase the principal amount then outstanding,
     provided that (i) such Indebtedness shall not have been incurred in
     contemplation of such Subsidiary becoming a Subsidiary and (ii) immediately
     after such Subsidiary becomes a Subsidiary (and, if applicable, at the time
     of any such renewal or extension) no Default or Event of Default shall
     exist; and

          (f) Indebtedness of a Subsidiary in addition to that otherwise
     permitted by paragraphs (a) through (e) of this Section 10.8, provided that
     on the date such Subsidiary incurs or otherwise becomes liable with respect
     to any such additional Indebtedness and immediately after giving effect
     thereto and the concurrent retirement of any other Indebtedness, no Default
     or Event of Default exists under Section 10.7 or, assuming the incurrence
     of such additional Indebtedness and the concurrent retirement of such other

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eFUNDS CORPORATION                                       NOTE PURCHASE AGREEMENT

     Indebtedness as of the last day of the immediately preceding fiscal
     quarter, no Default or Event of Default would exist under Sections 10.9 and
     10.10.

     SECTION 10.9. CONSOLIDATED TOTAL INDEBTEDNESS TO CONSOLIDATED EBITDA. The
Company will not permit, as at the end of each fiscal quarter, the ratio of
Consolidated Total Indebtedness outstanding on such date to Consolidated EBITDA
for the immediately preceding four quarter period ending with the end of such
fiscal quarter, to be greater than 3.00 to 1.00.

Notwithstanding the foregoing, for purposes of determining the ratio of
Consolidated Total Indebtedness to Consolidated EBITDA pursuant to this Section
10.9, any Indebtedness incurred by the Company in order to make settlement
advances to or on behalf of processing customers in the ordinary course of
business consistent with past practice shall not be included in the calculation
of Consolidated Total Indebtedness to the extent that such Indebtedness is
repaid within 5 days after the incurrence thereof.

     SECTION 10.10. MINIMUM FIXED CHARGE COVERAGE. The Company will not permit,
as at the end of each fiscal quarter, the ratio of Consolidated EBITDAR to
Consolidated Fixed Charges, in each case for the immediately preceding four
quarter period ending with the end of such fiscal quarter, to be less than 1.50
to 1.00.

     SECTION 10.11. SALE OF ACCOUNTS. No Obligor will, nor will it permit any
Subsidiary to, sell or otherwise dispose of any of its notes receivable or
accounts receivable, with or without recourse, except the sale or discount
without recourse of accounts receivable arising in the ordinary course of
business in connection with the compromise or collection thereof.

SECTION 11. EVENTS OF DEFAULT.

     An "EVENT OF DEFAULT" shall exist if any of the following conditions or
events shall occur and be continuing:

          (a) the Company defaults in the payment of any principal or Make-Whole
     Amount, if any, on any Note when the same becomes due and payable, whether
     at maturity or at a date fixed for prepayment or by declaration or
     otherwise; or

          (b) the Company defaults in the payment of any interest on any Note
     for more than five Business Days after the same becomes due and payable; or

          (c) (i) any Guarantor defaults in the performance of or compliance
     with any term contained in the Guarantee Agreement, or (ii) any Obligor
     defaults in the performance of or compliance with any term contained in
     Section 7.1(d), Section 10.2 or Sections 10.5 through 10.11, inclusive; or

          (d) (i) any Obligor defaults in the performance of or compliance with
     any term contained herein (other than those referred to in Sections 11(a),
     (b) and (c)) or (ii) any Obligor defaults in the performance of or
     compliance with any term contained in the Financing Agreements (other than
     this Agreement), and in each case, such default is

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eFUNDS CORPORATION                                       NOTE PURCHASE AGREEMENT

     not remedied within 30 days after the earlier of (i) a Senior Financial
     Officer obtaining actual knowledge of such default and (ii) any Obligor
     receiving notice of such default from any holder of a Note (any such notice
     to be identified as a "notice of default" and to refer specifically to this
     Section 11(d)); or

          (e) any representation or warranty made in writing by or on behalf of
     any Obligor or by any officer of any Obligor in any Financing Agreement or
     in any writing furnished in connection with the transactions contemplated
     hereby proves to have been false or incorrect in any material respect on
     the date as of which made; or

          (f) (i) any Obligor or any Subsidiary is in default (as principal or
     as guarantor or other surety) in the payment of any principal of or premium
     or make-whole amount or interest on any Indebtedness that is outstanding in
     an aggregate principal amount of at least $25,000,000 beyond any period of
     grace provided with respect thereto, or (ii) any Obligor or any Subsidiary
     is in default in the performance of or compliance with any term of any
     evidence of any Indebtedness in an aggregate outstanding principal amount
     of at least $25,000,000 or of any mortgage, indenture or other agreement
     relating thereto or any other condition exists, and as a consequence of
     such default or condition such Indebtedness has become, or has been
     declared (or one or more Persons are entitled to declare such Indebtedness
     to be), due and payable before its stated maturity or before its regularly
     scheduled dates of payment, or any lender or agent therefor exercises any
     remedies in respect of any Collateral or Guaranty relative to the Bank
     Credit Agreement, or (iii) as a consequence of the occurrence or
     continuation of any event or condition (other than the passage of time or
     the right of the holder of Indebtedness to convert such Indebtedness into
     equity interests), (x) any Obligor or any Subsidiary has become obligated
     to purchase or repay Indebtedness before its regular maturity or before its
     regularly scheduled dates of payment in an aggregate outstanding principal
     amount of at least $25,000,000, or (y) one or more Persons have the right
     to require any Obligor or any Subsidiary so to purchase or repay such
     Indebtedness; or

          (g) any Obligor or any Subsidiary (i) is generally not paying, or
     admits in writing its inability to pay, its debts as they become due, (ii)
     files, or consents by answer or otherwise to the filing against it of, a
     petition for relief or reorganization or arrangement or any other petition
     in bankruptcy, for liquidation or to take advantage of any bankruptcy,
     insolvency, reorganization, moratorium or other similar law of any
     jurisdiction, (iii) makes an assignment for the benefit of its creditors,
     (iv) consents to the appointment of a custodian, receiver, trustee or other
     officer with similar powers with respect to it or with respect to any
     substantial part of its property, (v) is adjudicated as insolvent or to be
     liquidated, or (vi) takes corporate action for the purpose of any of the
     foregoing; or

          (h) a court or Governmental Authority of competent jurisdiction enters
     an order appointing, without consent by any Obligor or any of its
     Subsidiaries, a custodian, receiver, trustee or other officer with similar
     powers with respect to it or with respect to any substantial part of its
     property, or constituting an order for relief or approving petition for
     relief or reorganization or any other petition in bankruptcy or for
     liquidation

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eFUNDS CORPORATION                                       NOTE PURCHASE AGREEMENT

     or to take advantage of any bankruptcy or insolvency law of any
     jurisdiction, or ordering the dissolution, winding-up or liquidation of any
     Obligor or any of its Subsidiaries, or any such petition shall be filed
     against any Obligor or any of its Subsidiaries and such petition shall not
     be dismissed within 60 days; or

          (i) a final judgment or judgments for the payment of money aggregating
     in excess of $25,000,000 are rendered against one or more of the Obligors
     and their Subsidiaries and which judgments are not, within 60 days after
     entry thereof, bonded, discharged or stayed pending appeal, or are not
     discharged within 60 days after the expiration of such stay; or

          (j) if (i) any Plan shall fail to satisfy the minimum funding
     standards of ERISA or the Code for any plan year or part thereof or a
     waiver of such standards or extension of any amortization period is sought
     or granted under section 412 of the Code, (ii) a notice of intent to
     terminate any Plan shall have been or is reasonably expected to be filed
     with the PBGC or the PBGC shall have instituted proceedings under ERISA
     section 4042 to terminate or appoint a trustee to administer any Plan or
     the PBGC shall have notified the Company or any ERISA Affiliate that a Plan
     may become a subject of any such proceedings, (iii) the aggregate "amount
     of unfunded benefit liabilities" (within the meaning of section 4001(a)(18)
     of ERISA) under all Plans, determined in accordance with Title IV of ERISA,
     shall exceed $25,000,000, (iv) any Obligor or any ERISA Affiliate shall
     have incurred or is reasonably expected to incur any liability pursuant to
     Title I or IV of ERISA or the penalty or excise tax provisions of the Code
     relating to employee benefit plans, (v) any Obligor or any ERISA Affiliate
     withdraws from any Multiemployer Plan, or (vi) any Obligor or any
     Subsidiary establishes or amends any employee welfare benefit plan that
     provides post-employment welfare benefits in a manner that would increase
     the liability of such Obligor or any Subsidiary thereunder; and any such
     event or events described in clauses (i) through (vi) above, either
     individually or together with any other such event or events, could
     reasonably be expected to have a Material Adverse Effect; or

          (k) any Guarantee Agreement or any Collateral Document shall at any
     time after its execution and delivery for any reason cease to be in full
     force and effect, or shall be declared null and void, or any Obligor shall
     take any action for the purpose of terminating, repudiating or rescinding
     any Guarantee Agreement or any Collateral Document or any of its
     obligations thereunder.

As used in Section 11(j), the terms "EMPLOYEE BENEFIT PLAN" and "EMPLOYEE
WELFARE BENEFIT PLAN" shall have the respective meanings assigned to such terms
in Section 3 of ERISA.

SECTION 12. REMEDIES ON DEFAULT, ETC.

     SECTION 12.1. ACCELERATION. (a) If an Event of Default with respect to the
Obligors described in Section 11(g) or (h) (other than an Event of Default
described in clause (i) of Section 11(g) or described in clause (vi) of Section
11(g) by virtue of the fact that such clause

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eFUNDS CORPORATION                                       NOTE PURCHASE AGREEMENT

encompasses clause (i) of Section 11(g)) has occurred, all the Notes then
outstanding shall automatically become immediately due and payable.

     (b) If any other Event of Default has occurred and is continuing, any
holder or holders of at least 51% in principal amount of the Notes at the time
outstanding may at any time at its or their option, by notice or notices to the
Company, declare all the Notes then outstanding to be immediately due and
payable.

     (c) If any Event of Default described in Section 11(a) or (b) has occurred
and is continuing, any holder or holders of Notes at the time outstanding
affected by such Event of Default may at any time, at its or their option, by
notice or notices to the Company, declare all the Notes held by it or them to be
immediately due and payable.

     Upon any Notes becoming due and payable under this Section 12.1, whether
automatically or by declaration, such Notes will forthwith mature and the entire
unpaid principal amount of such Notes, plus (x) all accrued and unpaid interest
thereon (including, but not limited to, interest accrued thereon at the Default
Rate) and (y) the Make-Whole Amount determined in respect of such principal
amount (to the full extent permitted by applicable law), shall all be
immediately due and payable, in each and every case without presentment, demand,
protest or further notice, all of which are hereby waived. Each Obligor
acknowledges, and the parties hereto agree, that each holder of a Note has the
right to maintain its investment in the Notes free from repayment by the Company
(except as herein specifically provided for) and that the provision for payment
of a Make-Whole Amount by the Company in the event that the Notes are prepaid or
are accelerated as a result of an Event of Default, is intended to provide
compensation for the deprivation of such right under such circumstances.

     SECTION 12.2. OTHER REMEDIES. If any Default or Event of Default has
occurred and is continuing, and irrespective of whether any Notes have become or
have been declared immediately due and payable under Section 12.1, the holder of
any Note at the time outstanding may proceed to protect and enforce the rights
of such holder by an action at law, suit in equity or other appropriate
proceeding, whether for the specific performance of any agreement contained
herein, in any Note or in any other Financing Agreement, or for an injunction
against a violation of any of the terms hereof or thereof, or in aid of the
exercise of any power granted hereby or thereby or by law or otherwise.

     SECTION 12.3. RESCISSION. At any time after any Notes have been declared
due and payable pursuant to Section 12.1(b) or (c), the Required Holders, by
notice to the Company, may rescind and annul any such declaration and its
consequences if (a) the Company has paid all overdue interest on the Notes, all
principal of and Make-Whole Amount, if any, on any Notes that are due and
payable and are unpaid other than by reason of such declaration, and all
interest on such overdue principal and Make-Whole Amount, if any, and (to the
extent permitted by applicable law) any overdue interest in respect of the
Notes, at the Default Rate, (b) neither the Company nor any other Person shall
have paid any amounts which have become due solely by reason of such
declaration, (c) all Events of Default and Defaults, other than non-payment of
amounts that have become due solely by reason of such declaration, have been
cured or have been waived pursuant to Section 17, and (d) no judgment or decree
has been entered for the

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eFUNDS CORPORATION                                       NOTE PURCHASE AGREEMENT

payment of any monies due pursuant hereto or to the Notes. No rescission and
annulment under this Section 12.3 will extend to or affect any subsequent Event
of Default or Default or impair any right consequent thereon.

     SECTION 12.4. NO WAIVERS OR ELECTION OF REMEDIES, EXPENSES, ETC. No course
of dealing and no delay on the part of any holder of any Note in exercising any
right, power or remedy shall operate as a waiver thereof or otherwise prejudice
such holder's rights, powers or remedies. No right, power or remedy conferred by
this Agreement, any Note or any other Financing Agreement upon any holder
thereof shall be exclusive of any other right, power or remedy referred to
herein or therein or now or hereafter available at law, in equity, by statute or
otherwise. Without limiting the obligations of the Company under Section 15, the
Company will pay to the holder of each Note on demand such further amount as
shall be sufficient to cover all costs and expenses of such holder incurred in
any enforcement or collection under this Section 12, including, without
limitation, reasonable attorneys' fees, expenses and disbursements.

SECTION 13. REGISTRATION; EXCHANGE; SUBSTITUTION OF NOTES.

     SECTION 13.1. REGISTRATION OF NOTES. The Company shall keep at its
principal executive office a register for the registration and registration of
transfers of Notes. The name and address of each holder of one or more Notes,
each transfer thereof and the name and address of each transferee of one or more
Notes shall be registered in such register. Prior to due presentment for
registration of transfer, the Person in whose name any Note shall be registered
shall be deemed and treated as the owner and holder thereof for all purposes
hereof, and the Company shall not be affected by any notice or knowledge to the
contrary. The Company shall give to any holder of a Note that is an
Institutional Investor promptly upon request therefor, a complete and correct
copy of the names and addresses of all registered holders of Notes.

     SECTION 13.2. TRANSFER AND EXCHANGE OF NOTES. Upon surrender of any Note to
the Company at the address and to the attention of the designated officer (all
as specified in Section 18(iii)), for registration of transfer or exchange (and
in the case of a surrender for registration of transfer accompanied by a written
instrument of transfer duly executed by the registered holder of such Note or
such holder's attorney duly authorized in writing and accompanied by the
relevant name, address and other information for notices of each transferee of
such Note or part thereof), within ten Business Days thereafter, the Company
shall execute and deliver, at the Company's expense (except as provided below),
one or more new Notes (as requested by the holder thereof) in exchange therefor,
in an aggregate principal amount equal to the unpaid principal amount of the
surrendered Note. Each such new Note shall be payable to such Person as such
holder may request and shall be substantially in the form of Exhibit 1. Each
such new Note shall be dated and bear interest from the date to which interest
shall have been paid on the surrendered Note or dated the date of the
surrendered Note if no interest shall have been paid thereon. The Company may
require payment of a sum sufficient to cover any stamp tax or governmental
charge imposed in respect of any such transfer of Notes. Notes shall not be
transferred in denominations of less than $1,000,000, other than (a) if
necessary to enable the registration of transfer by a holder of its entire
holding of Notes, one Note may be in a denomination of less than $1,000,000, (b)
Notes in denominations of less than $1,000,000 may be transferred from a holder
to one or more of its Affiliates and (c) Notes issued on the date of

                                      -34-

<PAGE>

eFUNDS CORPORATION                                       NOTE PURCHASE AGREEMENT

Closing in denominations of less than $1,000,000. Any transferee, by its
acceptance of a Note registered in its name (or the name of its nominee), shall
be deemed to have made the representations set forth in Sections 6.1 and 6.2.

     SECTION 13.3. REPLACEMENT OF NOTES. Upon receipt by the Company at the
address and to the attention of the designated officer (all as specified in
Section 18(iii)) of evidence reasonably satisfactory to it of the ownership of
and the loss, theft, destruction or mutilation of any Note (which evidence shall
be, in the case of an Institutional Investor, notice from such Institutional
Investor of such ownership and such loss, theft, destruction or mutilation), and

          (a) in the case of loss, theft or destruction, of indemnity reasonably
     satisfactory to it (provided that if the holder of such Note is, or is a
     nominee for, an original Purchaser or another holder of a Note with a
     minimum net worth of at least $50,000,000 or a Qualified Institutional
     Buyer, such Person's own unsecured agreement of indemnity shall be deemed
     to be satisfactory), or

          (b) in the case of mutilation, upon surrender and cancellation
     thereof,

within ten Business Days thereafter, the Company at its own expense shall
execute and deliver, in lieu thereof, a new Note, dated and bearing interest
from the date to which interest shall have been paid on such lost, stolen,
destroyed or mutilated Note or dated the date of such lost, stolen, destroyed or
mutilated Note if no interest shall have been paid thereon.

SECTION 14. PAYMENTS ON NOTES.

     SECTION 14.1. PLACE OF PAYMENT. Subject to Section 14.2, payments of
principal, Make- Whole Amount, if any, and interest becoming due and payable on
the Notes shall be made in New York, New York at the principal office of
JPMorgan Chase Bank, N.A. in such jurisdiction. The Company may at any time, by
notice to each holder of a Note, change the place of payment of the Notes so
long as such place of payment shall be either the principal office of the
Company in such jurisdiction or the principal office of a bank or trust company
in such jurisdiction.

     SECTION 14.2. HOME OFFICE PAYMENT. So long as any Purchaser or its nominee
shall be the holder of any Note, and notwithstanding anything contained in
Section 14.1 or in such Note to the contrary, the Company will pay all sums
becoming due on such Note for principal, Make- Whole Amount, if any, and
interest by the method and at the address specified for such purpose below such
Purchaser's name in Schedule A, or by such other method or at such other address
as such Purchaser shall have from time to time specified to the Company in
writing for such purpose, without the presentation or surrender of such Note or
the making of any notation thereon, except that upon written request of the
Company made concurrently with or reasonably promptly after payment or
prepayment in full of any Note, such Purchaser shall surrender such Note for
cancellation, reasonably promptly after any such request, to the Company at its
principal executive office or at the place of payment most recently designated
by the Company pursuant to Section 14.1. Prior to any sale or other disposition
of any Note held by a Purchaser or its nominee, such Purchaser will, at its
election, either endorse thereon the amount of principal paid thereon and the
last date to which interest has been paid thereon or surrender such Note to

                                      -35-

<PAGE>

eFUNDS CORPORATION                                       NOTE PURCHASE AGREEMENT

the Company in exchange for a new Note or Notes pursuant to Section 13.2. The
Company will afford the benefits of this Section 14.2 to any Institutional
Investor that is the direct or indirect transferee of any Note purchased by a
Purchaser under this Agreement and that has made the same agreement relating to
such Note as the Purchasers have made in this Section 14.2.

SECTION 15. EXPENSES, ETC.

     SECTION 15.1. TRANSACTION EXPENSES. Whether or not the transactions
contemplated hereby are consummated, the Company will pay all costs and expenses
(including reasonable attorneys' fees of a special counsel and, if reasonably
required by the Required Holders, local or other counsel) incurred by the
Purchasers and each other holder of a Note in connection with such transactions
and in connection with any amendments, waivers or consents under or in respect
of any Financing Agreement (whether or not such amendment, waiver or consent
becomes effective), including, without limitation: (a) the costs and expenses
incurred in enforcing or defending (or determining whether or how to enforce or
defend) any rights under any Financing Agreement or in responding to any
subpoena or other legal process or informal investigative demand issued in
connection with any Financing Agreements, or by reason of being a holder of any
Note, (b) the costs and expenses, including financial advisors' fees, incurred
in connection with the insolvency or bankruptcy of any Obligor or any Subsidiary
or in connection with any work-out or restructuring of the transactions
contemplated by the Financing Agreements and (c) the costs and expenses incurred
in connection with the initial filing of this Agreement and all related
documents and financial information with the SVO provided, that such costs and
expenses shall not exceed $2,300 for any series of Notes. The Company will pay,
and will save each Purchaser and each other holder of a Note harmless from, all
claims in respect of any fees, costs or expenses, if any, of brokers and finders
(other than those, if any, retained by a Purchaser or other holder in connection
with its purchase of the Notes).

     SECTION 15.2. SURVIVAL. The obligations of the Company under this Section
15 will survive the payment or transfer of any Note, the enforcement, amendment
or waiver of any provision of any Financing Agreement, and the termination of
any Financing Agreement.

SECTION 16. SURVIVAL OF REPRESENTATIONS AND WARRANTIES; ENTIRE AGREEMENT.

     All representations and warranties contained herein are true and correct as
of the date of this Agreement and shall survive the execution and delivery of
this Agreement, the Notes and the other Financing Agreements, the purchase or
transfer by any Purchaser of any Note or portion thereof or interest therein and
the payment of any Note, and may be relied upon by any subsequent holder of a
Note, regardless of any investigation made at any time by or on behalf of such
Purchaser or any other holder of a Note. All statements contained in any
certificate or other instrument delivered by or on behalf of any Obligor
pursuant to any Financing Agreement shall be true and correct as of the date
made and shall be deemed representations and warranties of such Obligor under
such Financing Agreement. Subject to the preceding sentence, this Agreement, the
Notes and the other Financing Agreements embody the entire agreement and
understanding between each Purchaser and the Obligors and supersede all prior
agreements and understandings relating to the subject matter hereof.

                                      -36-

<PAGE>

eFUNDS CORPORATION                                       NOTE PURCHASE AGREEMENT

SECTION 17. AMENDMENT AND WAIVER.

     SECTION 17.1. REQUIREMENTS. This Agreement, the Notes and the other
Financing Agreements may be amended, and the observance of any term hereof, of
the Notes or of any other Financing Agreement may be waived (either
retroactively or prospectively), with (and only with) the written consent of the
Obligors and the Required Holders, except that (a) no amendment or waiver of any
of the provisions of Sections 1, 2, 3, 4, 5, 6, 21 or 22 hereof, or any defined
term (as it is used therein), will be effective as to any Purchaser unless
consented to by such Purchaser in writing, and (b) no such amendment or waiver
may, without the written consent of the holder of each Note at the time
outstanding affected thereby, (i) subject to the provisions of Section 12
relating to acceleration or rescission, change the amount or time of any
prepayment or payment of principal of, or reduce the rate or change the time of
payment or method of computation of interest or of the Make-Whole Amount on, the
Notes, (ii) change the percentage of the principal amount of the Notes the
holders of which are required to consent to any such amendment or waiver, or
(iii) amend any of Sections 8, 11(a), 11(b), 12, 17, 20 or 22.

     SECTION 17.2. SOLICITATION OF HOLDERS OF NOTES.

     (a) Solicitation. The Company will provide each holder of the Notes
(irrespective of the amount of Notes then owned by it) with reasonably
sufficient information, reasonably far enough in advance of the date a decision
is required, to enable such holder to make an informed and considered decision
with respect to any proposed amendment, waiver or consent in respect of any of
the provisions hereof or of the Notes. The Company will deliver executed or true
and correct copies of each amendment, waiver or consent effected pursuant to the
provisions of this Section 17 to each holder of outstanding Notes promptly
following the date on which it is executed and delivered by, or receives the
consent or approval of, the requisite holders of Notes.

     (b) Payment. No Obligor will directly or indirectly pay or cause to be paid
any remuneration, whether by way of supplemental or additional interest, fee or
otherwise, or grant any security or provide other credit support, to any holder
of Notes as consideration for or as an inducement to the entering into by any
holder of Notes of any waiver or amendment of any of the terms and provisions
hereof unless such remuneration is concurrently paid, or security is
concurrently granted or other credit support concurrently provided, on the same
terms, ratably to each holder of Notes then outstanding even if such holder did
not consent to such waiver or amendment.

     SECTION 17.3. BINDING EFFECT, ETC. Any amendment or waiver consented to as
provided in this Section 17 applies equally to all holders of Notes and is
binding upon them and upon each future holder of any Note and upon the Obligors
without regard to whether such Note has been marked to indicate such amendment
or waiver. No such amendment or waiver will extend to or affect any obligation,
covenant, agreement, Default or Event of Default not expressly amended or waived
or impair any right consequent thereon. No course of dealing between the
Obligors and the holder of any Note nor any delay in exercising any rights
hereunder or under any Note shall operate as a waiver of any rights of any
holder of such Note. As used herein, the term "this Agreement" and references
thereto shall mean this Agreement as it may from time to time be amended or
supplemented.

                                      -37-

<PAGE>

eFUNDS CORPORATION                                       NOTE PURCHASE AGREEMENT

     SECTION 17.4. NOTES HELD BY COMPANY, ETC. Solely for the purpose of
determining whether the holders of the requisite percentage of the aggregate
principal amount of Notes then outstanding approved or consented to any
amendment, waiver or consent to be given under this Agreement, the Notes or any
other Financing Agreement, or have directed the taking of any action provided
herein, in the Notes or any other Financing Agreement to be taken upon the
direction of the holders of a specified percentage of the aggregate principal
amount of Notes then outstanding, Notes directly or indirectly owned by the
Company or any of its Affiliates shall be deemed not to be outstanding.

SECTION 18. NOTICES.

     All notices and communications provided for hereunder shall be in writing
and sent (a) by electronic e-mail, provided, that, the recipient thereof has
specifically for the purposes of notice under the Financing Agreements made
available a means for such communication, or (b) by telefacsimile if the sender
on the same day sends a confirming copy of such notice by a recognized overnight
delivery service (charges prepaid), or (c) by registered or certified mail with
return receipt requested (postage prepaid), or (d) by a recognized overnight
delivery service (with charges prepaid). Any such notice must be sent:

          (i) if to any Purchaser or its nominee, to such Purchaser or nominee
     at the address (or telecopy number or e-mail address) specified for such
     communications in Schedule A, or at such other address as such Purchaser or
     nominee shall have specified to the Company in writing,

          (ii) if to any other holder of any Note, to such holder at such
     address (or telecopy number or e-mail address) as such other holder shall
     have specified to the Company in writing, or

          (iii) if to any Obligor, to the Company at its address set forth at
     the beginning hereof to the attention of Chief Financial Officer (Telecopy
     No. (480) 629-1499; Email address: George_W_Gresham@efunds.com), or at such
     other address as the Company shall have specified to the holder of each
     Note in writing.

Notices under this Section 18 will be deemed given (i) when actually received if
sent by email communication or telefacsimile, (ii) in four Business Days if sent
by mail, and (iii) in one Business Day if sent by overnight delivery service.

SECTION 19. REPRODUCTION OF DOCUMENTS.

     This Agreement and all documents relating thereto, including, without
limitation, (a) consents, waivers and modifications that may hereafter be
executed, (b) documents received by any Purchaser at the Closing (except the
Notes themselves), and (c) financial statements, certificates and other
information previously or hereafter furnished to any Purchaser, may be
reproduced by such Purchaser by any photographic, photostatic, electronic,
digital, or other similar process and such Purchaser may destroy any original
document so reproduced. The Obligors agree and stipulate that, to the extent
permitted by applicable law, any such

                                      -38-

<PAGE>

eFUNDS CORPORATION                                       NOTE PURCHASE AGREEMENT

reproduction shall be admissible in evidence as the original itself in any
judicial or administrative proceeding (whether or not the original is in
existence and whether or not such reproduction was made by such Purchaser in the
regular course of business) and any enlargement, facsimile or further
reproduction of such reproduction shall likewise be admissible in evidence. This
Section 19 shall not prohibit the Obligors or any other holder of Notes from
contesting any such reproduction to the same extent that it could contest the
original, or from introducing evidence to demonstrate the inaccuracy of any such
reproduction.

SECTION 20. CONFIDENTIAL INFORMATION.

     For the purposes of this Section 20, "Confidential Information" means
information delivered to any Purchaser by or on behalf of any Obligor or any
Subsidiary in connection with the transactions contemplated by or otherwise
pursuant to this Agreement that is proprietary in nature and that was clearly
marked or labeled or otherwise adequately identified when received by such
Purchaser as being confidential information of such Obligor or such Subsidiary,
provided that such term does not include information that (a) was publicly known
or otherwise known to such Purchaser prior to the time of such disclosure, (b)
subsequently becomes publicly known through no act or omission by such Purchaser
or any person acting on such Purchaser's behalf, (c) otherwise becomes known to
such Purchaser other than through disclosure by such Obligor or such Subsidiary
or (d) constitutes financial statements delivered to such Purchaser under
Section 7.1 that are otherwise publicly available. Each Purchaser will maintain
the confidentiality of such Confidential Information in accordance with
procedures adopted by such Purchaser in good faith to protect confidential
information of third parties delivered to such Purchaser, provided that such
Purchaser may deliver or disclose Confidential Information to (i) its directors,
officers, employees, agents, attorneys and affiliates (to the extent such
disclosure reasonably relates to the administration of the investment
represented by its Notes), (ii) its financial advisors and other professional
advisors who agree to hold confidential the Confidential Information
substantially in accordance with the terms of this Section 20, (iii) any other
holder of any Note, (iv) any Institutional Investor to which it sells or offers
to sell such Note or any part thereof or any participation therein (if such
Person has agreed in writing prior to its receipt of such Confidential
Information to be bound by the provisions of this Section 20), (v) any Person
from which it offers to purchase any security of an Obligor (if such Person has
agreed in writing prior to its receipt of such Confidential Information to be
bound by the provisions of this Section 20), (vi) any federal or state
regulatory authority having jurisdiction over such Purchaser, (vii) the NAIC or
the SVO or, in each case, any similar organization, or any nationally recognized
rating agency that requires access to information about such Purchaser's
investment portfolio, or (viii) any other Person to which such delivery or
disclosure may be necessary or appropriate (w) to effect compliance with any
law, rule, regulation or order applicable to such Purchaser, (x) in response to
any subpoena or other legal process, (y) in connection with any litigation to
which such Purchaser is a party or (z) if an Event of Default has occurred and
is continuing, to the extent such Purchaser may reasonably determine such
delivery and disclosure to be necessary or appropriate in the enforcement or for
the protection of the rights and remedies under such Purchaser's Notes, this
Agreement and the other Financing Agreements, provided that prior to disclosure
under this clause (viii) (other than sub clause (z) thereof), such Purchaser
will endeavor to provide notice to the Company reasonably far enough in advance
to enable the Company to seek protective orders to maintain the confidentiality
of information to be so

                                      -39-

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eFUNDS CORPORATION                                       NOTE PURCHASE AGREEMENT

disclosed, provided, however, such Purchaser shall have no liability for its
failure to so notify the Company. Each holder of a Note, by its acceptance of a
Note, will be deemed to have agreed to be bound by and to be entitled to the
benefits of this Section 20 as though it were a party to this Agreement. On
reasonable request by the Company in connection with the delivery to any holder
of a Note of information required to be delivered to such holder under this
Agreement or requested by such holder (other than a holder that is a party to
this Agreement or its nominee), such holder will enter into an agreement with
the Company embodying the provisions of this Section 20. Each Purchaser agrees
that for purposes of the Company's compliance with Regulation FD of the SEC, the
provisions of this Section 20 constitute a confidentiality agreement within the
meaning of Rule 100(b)(2)(ii) of Regulation FD of the SEC.

SECTION 21. SUBSTITUTION OF PURCHASER.

     Each Purchaser shall have the right to substitute any one of its Affiliates
as the purchaser of the Notes that it has agreed to purchase hereunder, by
notice to the Company, which notice shall be signed by both such Purchaser and
such Affiliate, shall contain such Affiliate's agreement to be bound by this
Agreement and shall contain a confirmation by such Affiliate of the accuracy
with respect to it of the representations set forth in Section 6. Such
substituted Purchaser shall provide to the Company in such notice of such
transfer information reasonably requested by the Company in order to facilitate
delivery of notices to such substituted Purchaser, including wire transfer
information similar to the information provided by other Purchasers in Schedule
A. Upon receipt of such notice, any reference to such Purchaser in this
Agreement (other than in this Section 21), shall be deemed to refer to such
Affiliate in lieu of such original Purchaser. In the event that such Affiliate
is so substituted as a Purchaser hereunder and such Affiliate thereafter
transfers to such original Purchaser all of the Notes then held by such
Affiliate, upon receipt by the Company of notice of such transfer, any reference
to such Affiliate as a "Purchaser" in this Agreement (other than in this Section
21), shall no longer be deemed to refer to such Affiliate, but shall refer to
such original Purchaser, and such original Purchaser shall again have all the
rights of an original holder of the Notes under this Agreement.

SECTION 22. GUARANTEE AGREEMENT.

     SECTION 22.1. GUARANTEED OBLIGATIONS. (a) Each Guarantor hereby,
irrevocably, unconditionally, absolutely, jointly and severally with each other
Guarantor, guarantees to each holder of Notes, as and for such Guarantor's own
debt, until final and indefeasible payment has been made the due and punctual
payment by the Company of the principal of, and interest (including default
interest and post-petition interest), and the Make-Whole Amount or any other
premium on, the Notes at any time outstanding and the due and punctual payment
of all other amounts payable, and all other Indebtedness owing, by the Company
to the holders of the Notes under this Agreement, the Notes and the other
Financing Agreements (all such obligations so guaranteed are herein collectively
referred to as the "Guaranteed Obligations"), in each case when and as the same
shall become due and payable, whether at maturity, pursuant to mandatory or
optional prepayment, by acceleration or otherwise, all in accordance with the
terms and provisions hereof and thereof.

                                      -40-

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eFUNDS CORPORATION                                       NOTE PURCHASE AGREEMENT

     (b) In addition to and without limiting the foregoing, each of the
Guarantors covenants that, so long as any Guaranteed Obligations shall remain
unpaid, it will, and, if necessary, will enable the Company to, fully comply
with those covenants and agreements of the Company and such Guarantor applicable
to such Guarantor set forth in this Agreement and the other Financing
Agreements.

     SECTION 22.2. PERFORMANCE UNDER THIS AGREEMENT. In the event that the
Company fails to make, on or before the due date thereof, any payment of the
Guaranteed Obligations, or if any Obligor shall fail to perform, keep, observe,
or fulfill any other obligation referred to in clause (a) or clause (b) of
Section 22.1 in the manner provided in this Agreement, the Notes or the other
Financing Agreements after in each case giving effect to any applicable grace
periods or cure provisions or waivers or amendments, each Guarantor shall cause
forthwith to be paid the moneys, or to be performed, kept, observed, or
fulfilled each of such obligations, in respect of which such failure has
occurred in accordance with the terms and provisions of this Agreement, the
Notes and the other Financing Agreements.

     SECTION 22.3. WAIVERS. To the fullest extent permitted by law, each
Guarantor does hereby waive:

          (a) notice of acceptance of this Guarantee Agreement;

          (b) notice of any purchase of the Notes under this Agreement, or the
     creation, existence or acquisition of any of the Guaranteed Obligations,
     subject to such Guarantor's right to make inquiry of each holder of Notes
     to ascertain the amount of the Guaranteed Obligations at any reasonable
     time;

          (c) notice of the amount of the Guaranteed Obligations, subject to
     such Guarantor's right to make inquiry of each holder of Notes to ascertain
     the amount of the Guaranteed Obligations at any reasonable time;

          (d) notice of adverse change in the financial condition of the
     Company, any other Obligor or any other guarantor or any other fact that
     might increase or expand such Guarantor's risk hereunder;

          (e) notice of any Default or Event of Default;

          (f) all other notices and demands to which such Guarantor might
     otherwise be entitled;

          (g) the defense of the "single action" rule or any similar right or
     protection, and the right by statute or otherwise to require any holder of
     Notes to institute suit against the Company, any other Obligor or any other
     guarantor or to exhaust its rights and remedies against the Company, any
     other Obligor or any other guarantor, such Guarantor being bound to the
     payment of each and all Guaranteed Obligations, whether now existing or
     hereafter accruing, as fully as if such Guaranteed Obligations were
     directly owing to the holders of Notes by such Guarantor;

                                      -41-

<PAGE>

eFUNDS CORPORATION                                       NOTE PURCHASE AGREEMENT

          (h) any defense of the Company or any other Obligor under the Notes,
     this Agreement or any other Financing Agreement other than the full and
     timely performance thereof;

          (i) any defense relating to the validity or enforceability (or absence
     or failure thereof) of any term of the Notes, this Agreement or any other
     Financing Agreement;

          (j) any defense arising by reason of any disability or other defense
     (other than the defense that the Guaranteed Obligations shall have been
     fully and finally performed and indefeasibly paid) of the Company or by
     reason of the cessation from any cause whatsoever of the liability of the
     Company in respect thereof, and any other defense that such Guarantor may
     otherwise have against the Company or any holder of Notes;

          (k) any stay (except in connection with a pending appeal), valuation,
     appraisal redemption or extension law now or at any time hereafter in force
     which, but for this waiver, might be applicable to any sale of property of
     such Guarantor made under any judgment, order or decree based on this
     Agreement, and such Guarantor covenants that it will not at any time insist
     upon or plead, or in any manner claim or take the benefit or advantage of
     such law;

          (l) any defense based on an increase in principal amount of the Notes
     or the interest rate thereunder; and

          (m) any other defense which such Guarantor may have to the full and
     complete performance of its obligations hereunder.

     SECTION 22.4. CERTAIN WAIVERS OF SUBROGATION, REIMBURSEMENT AND INDEMNITY.
Until all of the Guaranteed Obligations shall have been fully and finally paid,
each Guarantor shall have no right of subrogation, reimbursement or indemnity
whatsoever and no right of recourse to or with respect to any assets or property
of the Company, any other Obligor or any other guarantor. Without limiting the
foregoing, no Guarantor will in the event of a dissolution of an Obligor: (a)
take steps to recover (whether directly or by set-off, counterclaim or
otherwise) or accept money or other property, or exercise or enforce rights in
respect of, Indebtedness of that Obligor to that Guarantor so long as there is
any Guaranteed Obligations due by that Obligor, nor (b) claim, prove or accept
payment in composition by, or a dissolution of, that Obligor in competition with
any holder of Notes. Nothing shall discharge or satisfy the liability of a
Guarantor hereunder except the full and final performance and indefeasible
payment of the Guaranteed Obligations.

     SECTION 22.5. RELEASES. Each Guarantor consents and agrees that, without
notice to or by such Guarantor and without impairing, releasing, abating,
deferring, suspending, reducing, terminating or otherwise affecting the
obligations of such Guarantor hereunder, each holder of Notes, in the manner
provided herein, by action or inaction, may:

          (a) compromise or settle, renew or extend the period of duration or
     the time for the payment, or discharge the performance of, or may refuse
     to, or otherwise not,

                                      -42-

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eFUNDS CORPORATION                                       NOTE PURCHASE AGREEMENT

     enforce, or may, by action or inaction, release all or any one or more
     parties to, any one or more of this Agreement, the Notes or the other
     Financing Agreements;

          (b) assign, sell or transfer, or otherwise dispose of, any one or more
     of the Notes;

          (c) grant waivers, extensions, consents and other indulgences to the
     Company, any other Obligor or any other guarantor in respect of any one or
     more of this Agreement, the Notes or the other Financing Agreements;

          (d) amend, modify or supplement in any manner and at any time (or from
     time to time) any one or more of this Agreement, the Notes or the other
     Financing Agreements or increase the principal amount of the Notes or the
     interest rate thereunder;

          (e) add, release or substitute any one or more of the endorsers or
     guarantors of the Guaranteed Obligations whether parties hereto or not;

          (f) sell, exchange, release or surrender any property at any time
     pledged or granted as security in respect of the Guaranteed Obligations,
     whether so pledged or granted by such Guarantor or another guarantor of any
     Company's obligations under this Agreement, the Notes or the other
     Financing Agreements;

          (g) exchange, enforce, waive, or release, by action or inaction, any
     security for the Guaranteed Obligations or any other guarantee of any of
     the Notes; and

          (h) do any other act or event which could have the effect of releasing
     any Guarantor from the full and complete performance of its obligations
     hereunder.

     SECTION 22.6. MARSHALING. Each Guarantor consents and agrees that:

          (a) each holder of Notes shall be under no obligation to marshal any
     assets in favor of such Guarantor or against or in payment of any or all of
     the Guaranteed Obligations; and

          (b) to the extent the Company or another guarantor makes a payment or
     payments to any holder of Notes, which payment or payments or any part
     thereof are subsequently invalidated, declared to be fraudulent or
     preferential, set aside, or required, for any of the foregoing reasons or
     for any other reason, to be repaid or paid over to a custodian, trustee,
     receiver, or any other party under any bankruptcy law, common law, or
     equitable cause, then to the extent of such payment or repayment, the
     obligation or part thereof intended to be satisfied thereby shall be
     revived and continued in full force and effect as if said payment or
     payments had not been made and such Guarantor shall be primarily liable for
     such obligation.

     SECTION 22.7. LIABILITY. Each Guarantor agrees that the liability of such
Guarantor in respect of this Section shall be immediate, and shall not be
contingent upon the exercise or

                                      -43-

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eFUNDS CORPORATION                                       NOTE PURCHASE AGREEMENT

enforcement by any holder of Notes of whatever remedies such holder may have
against the Company, any other Obligor or any other guarantor or the enforcement
of any Lien or realization upon any security such holder may at any time
possess.

     SECTION 22.8. CHARACTER OF OBLIGATION. The Guaranty set forth in this
Section is a primary and original obligation of each Guarantor and is an
absolute, unconditional, continuing and irrevocable guarantee of payment and
performance (and not of collectibility) and shall remain in full force and
effect until the full, final and indefeasible payment of the Guaranteed
Obligations without respect to future changes in conditions.

     The obligations of each Guarantor under this Guarantee Agreement and the
rights of the holders of Notes to enforce such obligations by any proceedings,
whether by action at law, suit in equity or otherwise, shall not be subject to
any reduction, limitation, impairment or termination, whether by reason of any
claim of any character whatsoever or otherwise, including, without limitation,
claims of waiver, release, surrender, alteration or compromise, and shall not be
subject to any defense, set-off, counterclaim, recoupment or termination
whatsoever, other than the defense that the Guaranteed Obligations have been
fully and finally performed and indefeasibly paid in full in cash.

     Without limiting the generality of the foregoing, the obligations of each
Guarantor hereunder shall not be discharged or impaired or otherwise affected
by:

          (a) any default, failure or delay, willful or otherwise, in the
     performance by the Company of any obligations of any kind or character
     whatsoever of the Company;

          (b) any creditors' rights, bankruptcy, receivership or other
     insolvency proceeding of the Company or any other Person or in respect of
     the property of the Company or any other Person or any merger,
     consolidation, reorganization, dissolution, liquidation or winding up of
     the Company or any other Person;

          (c) impossibility or illegality of performance on the part of the
     Company of its obligations under the Notes, this Agreement, any other
     Financing Agreement or any other instruments or agreements;

          (d) the validity or enforceability of the Notes, this Agreement, any
     other Financing Agreement or any other instruments or agreements;

          (e) in respect of the Company or any other Person, any change of
     circumstances, whether or not foreseen or foreseeable, whether or not
     imputable to the Company or any other Person, or other impossibility of
     performance through fire, explosion, accident, labor disturbance, floods,
     droughts, embargoes, wars (whether or not declared), civil commotions, acts
     of terrorism, acts of God or the public enemy, delays or failure of
     suppliers or carriers, inability to obtain materials, action of any federal
     or state regulatory body or agency, change of law or any other causes
     affecting performance, or any other force majeure, whether or not beyond
     the control of the Company or any other Person and whether or not of the
     kind hereinbefore specified;

                                      -44-

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eFUNDS CORPORATION                                       NOTE PURCHASE AGREEMENT

          (f) any attachment, claim, demand, charge, lien, order, process,
     encumbrance or any other happening or event or reason, similar or
     dissimilar to the foregoing, or any withholding or diminution at the
     source, by reason of any taxes, assessments, expenses, debt, obligations or
     liabilities of any charter, foreseen or unforeseen, and whether or not
     valid, incurred by or against any Person, or any claims, demands, charges
     or Liens of any nature, foreseen or unforeseen, incurred by any Person, or
     against any sums payable under this Agreement, the Notes or any other
     Financing Agreement, so that such sums would be rendered inadequate or
     would be unavailable to make the payments herein provided;

          (g) any order, judgment, decree, law, ruling or regulation (whether or
     not valid) of any court of any nation or of any political subdivision
     thereof or any body, agency, department, official or administrative or
     regulatory agency of any thereof or any other action, happening, event or
     reason whatsoever which shall delay, interfere with, hinder or prevent, or
     in any way adversely affect, the performance by any party of its respective
     obligations under any instruments; or

          (h) any other circumstance which might otherwise constitute a defense
     available to, or a discharge of, any Guarantor in respect of the
     obligations of such Guarantor under this Guarantee Agreement, other than
     the defense that the Guaranteed Obligations have been fully and finally
     performed and indefeasibly paid in full in cash.

     SECTION 22.9. ELECTION TO PERFORM OBLIGATIONS. Any election by a Guarantor
to pay or otherwise perform any of the obligations of the Company under this
Agreement, the Notes or any other Financing Agreement, whether pursuant to this
Section or otherwise, shall not release the Company from such obligations
(except to the extent such obligation is indefeasibly performed) or any of such
Person's other obligations under this Agreement, the Notes or any other
Financing Agreement.

     SECTION 22.10. NO ELECTION. Each holder of Notes shall have the right to
seek recourse against any Guarantor to the fullest extent provided for in this
Section 22 and elsewhere as provided in this Agreement, the Notes and any other
Financing Agreement, and against the Company, to the full extent provided for in
this Agreement, the Notes and such other Financing Agreements. Each Guarantor
hereby acknowledges that it has other undertakings in this Agreement and running
in favor of each of the holders of Notes that are separate and apart from their
obligations under this Section 22. No election to proceed in one form of action
or proceeding, or against any party, or on any obligation, shall constitute a
waiver of the right of such holder of Notes to proceed in any other form of
action or proceeding or against other parties unless such holder of Notes has
expressly waived such right in writing. Specifically, but without limiting the
generality of the foregoing, no action or proceeding by any holder of Notes
against the Company or any Guarantor under any document or instrument evidencing
obligations of the Company or such Guarantor to such holder of Notes shall serve
to diminish the liability of a Guarantor under this Agreement (including,
without limitation, this Section 22) except to the extent that such holder of
Notes finally and unconditionally shall have realized payment of the Guaranteed
Obligations by such action or proceeding, notwithstanding the effect of any such
action or proceeding upon such Guarantor's right of subrogation against the
Company.

                                      -45-

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eFUNDS CORPORATION                                       NOTE PURCHASE AGREEMENT

     SECTION 22.11. SEVERABILITY. Each of the rights and remedies granted under
this Section 22 to the holder of Notes in respect of the Notes held by such
holder may be exercised by such holder without notice by such holder to, or the
consent of or any other action by, any other holder of Notes.

     SECTION 22.12. OTHER ENFORCEMENT RIGHTS. Each holder of Notes may proceed
to protect and enforce the Guaranty under this Section 22 by suit or suits or
proceedings in equity, at law or in bankruptcy, and whether for the specific
performance of any covenant or agreement contained in this Section 22 or in
execution or aid of any power herein granted or for the recovery of judgment for
or in respect of the Guaranteed Obligations or for the enforcement of any other
proper, legal or equitable remedy available under applicable law.

     SECTION 22.13. DELAY OR OMISSION; NO WAIVER. No course of dealing on the
part of any holder of Notes and no delay or failure on the part of such holder
to exercise any right under this Agreement, the Notes or the other Financing
Agreements shall impair such right or operate as a waiver of such right or
otherwise prejudice such holder's rights, powers and remedies hereunder. Every
right and remedy given in or by this Section 22 or by law to any holder of Notes
may be exercised from time to time as often as may be deemed expedient by such
Person.

     SECTION 22.14. RESTORATION OF RIGHTS AND REMEDIES. If any holder of Notes
shall have instituted any proceeding to enforce any right or remedy under this
Agreement, under any Note held by such holder or under any other Financing
Agreement and such proceeding shall have been discontinued or abandoned for any
reason, or shall have been determined adversely to such holder, then and in
every such case each such holder, the Company and each Guarantor shall, except
as may be limited or affected by any determination in such proceeding, be
restored severally and respectively to their respective former positions
hereunder and thereunder, and thereafter the rights and remedies of such holder
shall continue as though no such proceeding had been instituted.

     SECTION 22.15. CUMULATIVE REMEDIES. No remedy under this Agreement, the
Notes or the other Financing Agreements is intended to be exclusive of any other
remedy, but each and every remedy shall be cumulative and in addition to any and
every other remedy given pursuant to this Agreement, the Notes or the other
Financing Agreements.

     SECTION 22.16. SURVIVAL. So long as the Guaranteed Obligations shall not
have been fully and finally performed and indefeasibly paid, the obligations of
each Guarantor under this Section 22 shall survive the transfer and payment of
any Note and the payment in full of all the Notes.

     SECTION 22.17. MISCELLANEOUS. So long as the Guaranteed Obligations shall
not have been fully and finally performed and indefeasibly paid, each Guarantor
(to the fullest extent that it may lawfully do so) expressly waives any claim of
any nature arising out of any right of indemnity, contribution, reimbursement or
any similar right in respect of any payment made under this Section 22 or in
connection with this Section 22 or otherwise, or any claim of subrogation
arising with respect to any payment made under this Section 22 or otherwise,
against the Company or the estate of the Company (including Liens on the
property of the Company or

                                      -46-

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eFUNDS CORPORATION                                       NOTE PURCHASE AGREEMENT

the estate of the Company), in each case if, and for so long as, the Company is
the subject of any proceeding brought under any bankruptcy, reorganization,
arrangement, insolvency, administration, readjustment of debt, dissolution or
liquidation law of any jurisdiction, whether now or hereafter in effect, and
further agrees that it will not file any claims against the Company or the
estate of the Company in the course of such proceeding in respect of the rights
referred to in this Section 22, and further agrees that each holder of Notes may
specifically enforce the provisions of this Section 22. This clause creates a
promise which is intended to create obligations enforceable at the suit of each
holder of Notes.

     If an Event of Default has occurred and is continuing, then the holders of
Notes shall have the right to declare all of the Guaranteed Obligations to be,
and such Guaranteed Obligations shall thereupon become, forthwith due and
payable, without any presentment, demand, protest or other notice of any kind,
all of which have been expressly waived by the Company and each Guarantor, and
notwithstanding any stay, injunction or other prohibition preventing such
declaration (or such Guaranteed Obligations from becoming automatically due and
payable) as against the Company. In any such event, the holders of Notes shall
have immediate recourse to each Guarantor to the fullest extent set forth
herein.

     SECTION 22.18. LIMITATION. Anything herein, in the Notes or in any other
Financing Agreement to the contrary notwithstanding, the liability of each
Guarantor under this Agreement, the Notes and the other Financing Agreements
shall in no event exceed an amount equal to the maximum amount which can be
guaranteed by such Guarantor under applicable laws relating to the insolvency of
debtors and fraudulent conveyance.

     SECTION 22.19. WRITTEN NOTICE. Notwithstanding any other provision of this
Section 22, in the event of any acceleration of the Notes in accordance with the
provisions of Section 12 hereof, any requirement of written notice to, or demand
of, any Guarantor pursuant to this Section 22 shall be deemed automatically
satisfied upon such acceleration without further action on the part of any
holder (notwithstanding any stay, injunction or other prohibition preventing any
notice, demand or acceleration).

SECTION 23. MISCELLANEOUS.

     SECTION 23.1. SUCCESSORS AND ASSIGNS. All covenants and other agreements
contained in this Agreement and in the other Financing Agreements by or on
behalf of any of the parties hereto or thereto bind and inure to the benefit of
their respective successors and assigns (including, without limitation, any
subsequent holder of a Note) whether so expressed or not.

     SECTION 23.2. PAYMENTS DUE ON NON-BUSINESS DAYS. Anything in this
Agreement, the Notes or in any other Financing Agreement to the contrary
notwithstanding (but without limiting the requirement in Section 8.5 that the
notice of any optional prepayment specify a Business Day as the date fixed for
such prepayment), any payment of principal of or Make-Whole Amount or interest
on any Note that is due on a date other than a Business Day shall be made on the
next succeeding Business Day without including the additional days elapsed in
the computation of the interest payable on such next succeeding Business Day;
provided that if the maturity date of any Note is a date other than a Business
Day, the payment otherwise due on such maturity date shall

                                      -47-

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eFUNDS CORPORATION                                       NOTE PURCHASE AGREEMENT

be made on the next succeeding Business Day and shall include the additional
days elapsed in the computation of interest payable on such next succeeding
Business Day.

     SECTION 23.3. ACCOUNTING TERMS. All accounting terms used herein or in any
other Financing Agreement which are not expressly defined in this Agreement or
such other Financing Agreement have the meanings respectively given to them in
accordance with GAAP. Except as otherwise specifically provided herein, (i) all
computations made pursuant to this Agreement or in any other Financing Agreement
shall be made in accordance with GAAP, and (ii) all financial statements shall
be prepared in accordance with GAAP.

     Notwithstanding the foregoing, if the Company notifies the holders of the
Notes that the Company requests an amendment to any provision hereof to
eliminate the effect of any change occurring after the date hereof in GAAP or in
the application thereof on the operation of such provision (or if any holder of
Notes notifies the Company that the Required Holders request an amendment to any
provision hereof for such purpose), regardless of whether any such notice is
given before or after such change in GAAP or in the application thereof, then
such provision shall be interpreted on the basis of GAAP as in effect and
applied immediately before such change shall have become effective until such
notice shall have been withdrawn or such provision amended in accordance
herewith. In the event of any such notice and request for amendment, the
Obligors and the holders agree to promptly proceed in good faith to the
consummation of an amendment to the Financing Agreements to the end of negating
the effect of any such change in GAAP after the date hereof.

     SECTION 23.4. SEVERABILITY. Any provision of this Agreement that is
prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction,
be ineffective to the extent of such prohibition or unenforceability without
invalidating the remaining provisions hereof, and any such prohibition or
unenforceability in any jurisdiction shall (to the full extent permitted by law)
not invalidate or render unenforceable such provision in any other jurisdiction.

     SECTION 23.5. CONSTRUCTION, ETC. Each covenant contained herein shall be
construed (absent express provision to the contrary) as being independent of
each other covenant contained herein, so that compliance with any one covenant
shall not (absent such an express contrary provision) be deemed to excuse
compliance with any other covenant. Where any provision herein refers to action
to be taken by any Person, or which such Person is prohibited from taking, such
provision shall be applicable whether such action is taken directly or
indirectly by such Person.

     For the avoidance of doubt, all Schedules and Exhibits attached to this
Agreement shall be deemed to be a part hereof.

     SECTION 23.6. COUNTERPARTS. This Agreement may be executed in any number of
counterparts, each of which shall be an original but all of which together shall
constitute one instrument. Each counterpart may consist of a number of copies
hereof, each signed by less than all, but together signed by all, of the parties
hereto.

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eFUNDS CORPORATION                                       NOTE PURCHASE AGREEMENT

     SECTION 23.7. GOVERNING LAW. This Agreement shall be construed and enforced
in accordance with, and the rights of the parties shall be governed by, the law
of the State of New York excluding choice-of-law principles of the law of such
State that would permit the application of the laws of a jurisdiction other than
such State.

     SECTION 23.8. JURISDICTION AND PROCESS; WAIVER OF JURY TRIAL. (a) Each
Obligor irrevocably submits to the non-exclusive jurisdiction of any New York
State or federal court sitting in the Borough of Manhattan, The City of New
York, over any suit, action or proceeding arising out of or relating to this
Agreement, the Notes or any other Financing Agreement. To the fullest extent
permitted by applicable law, each Obligor irrevocably waives and agrees not to
assert, by way of motion, as a defense or otherwise, any claim that it is not
subject to the jurisdiction of any such court, any objection that it may now or
hereafter have to the laying of the venue of any such suit, action or proceeding
brought in any such court and any claim that any such suit, action or proceeding
brought in any such court has been brought in an inconvenient forum.

     (b) Each Obligor consents to process being served by or on behalf of any
holder of Notes in any suit, action or proceeding of the nature referred to in
Section 23.8(a) by mailing a copy thereof by registered or certified mail (or
any substantially similar form of mail), postage prepaid, return receipt
requested, to it at its address specified in Section 18 or at such other address
of which such holder shall then have been notified pursuant to said Section.
Each Obligor agrees that such service upon receipt (i) shall be deemed in every
respect effective service of process upon it in any such suit, action or
proceeding and (ii) shall, to the fullest extent permitted by applicable law, be
taken and held to be valid personal service upon and personal delivery to it.
Notices hereunder shall be conclusively presumed received as evidenced by a
delivery receipt furnished by the United States Postal Service or any reputable
commercial delivery service.

     (c) Nothing in this Section 23.8 shall affect the right of any holder of a
Note to serve process in any manner permitted by law, or limit any right that
the holders of any of the Notes may have to bring proceedings against an Obligor
in the courts of any appropriate jurisdiction or to enforce in any lawful manner
a judgment obtained in one jurisdiction in any other jurisdiction.

     (d) THE PARTIES HERETO HEREBY WAIVE TRIAL BY JURY IN ANY ACTION BROUGHT ON
OR WITH RESPECT TO THIS AGREEMENT, THE NOTES OR ANY OTHER DOCUMENT EXECUTED IN
CONNECTION HEREWITH OR THEREWITH.

                                   * * * * *

                                      -49-

<PAGE>

eFunds Corporation                                       Note Purchase Agreement

     If you are in agreement with the foregoing, please sign the form of
agreement on a counterpar of this Agreement and return it to the Company,
whereupon this Agreement shall become a binding agreement between you and the
Company.

                                        Very truly yours,

                                        eFUNDS CORPORATION

                                        By /s/ Paul F. Walsh
                                           -------------------------------------
                                        Name: Paul F. Walsh
                                        Title: Chief Executive Officer

                                        CHEX SYSTEMS, INC.

                                        By /s/ George W. Greshman
                                           -------------------------------------
                                        Name: George W. Gresham
                                        Title: Treasurer

                                        CLEARCOMMERCE CORPORATION

                                        By /s/ Paul F. Walsh
                                           -------------------------------------
                                        Name: Paul F. Walsh
                                        Title: Chief Executive Officer

                                        DEPOSIT PAYMENT PROTECTION SERVICES,
                                        INC.

                                        By /s/ George W. Greshman
                                           -------------------------------------
                                        Name: George W. Gresham
                                        Title: Treasurer

                                        EFUNDS GLOBAL HOLDINGS CORPORATION

                                        By /s/ Paul F. Walsh
                                           -------------------------------------
                                        Name: Paul F. Walsh
                                        Title: Chief Executive Officer

                                        EFUNDS IT SOLUTIONS GROUP, INC.

                                        By /s/ Paul F. Walsh
                                           -------------------------------------
                                        Name: Paul F. Walsh
                                        Title: Chief Executive Officer

<PAGE>

eFunds Corporation                                       Note Purchase Agreement

                                        PENLEY, INC.

                                        By /s/ Paul F. Walsh
                                           -------------------------------------
                                        Name: Paul F. Walsh
                                        Title: Chief Executive Officer

                                        WILDCARD SYSTEMS, INC.

                                        By /s/ Paul F. Walsh
                                           -------------------------------------
                                        Name: Paul F. Walsh
                                        Title: Chief Executive Officer

<PAGE>

eFunds Corporation                                       Note Purchase Agreement

This Agreement is hereby
accepted and agreed to as
of the date thereof.

                                        GREAT-WEST LIFE & ANNUITY INSURANCE
                                        COMPANY

                                        By /s/ Tad Anderson
                                           -------------------------------------
                                        Name: Tad Anderson
                                              Ass't. Vice President, Investments

                                        By /s/ J. G. Lowery
                                           -------------------------------------
                                        Name: J. G. Lowery
                                              Ass't. Vice President, Investments

                                        GREAT-WEST LIFE & ANNUITY INSURANCE
                                        COMPANY EMPLOYEES' AND AGENTS' PENSION
                                        BENEFITS PLAN TRUST

                                        BY /s/ Tad Anderson
                                           -------------------------------------
                                        Name: Tad Anderson
                                              Assistant Vice President,
                                              Investments

                                        By /s/ J. G. Lowery
                                           -------------------------------------
                                        Name: J. G. Lowery
                                              Assistant Vice President,
                                              Investments

<PAGE>

eFunds Corporation                                       Note Purchase Agreement

This Agreement is hereby
accepted and agreed to as
of the date thereof.

                                        LONDON LIFE REINSURANCE COMPANY

                                        By: Orchard Capital Management, LLC, as
                                        Investment Advisor

                                        By /s/ Tad Anderson
                                           -------------------------------------
                                        Name: Tad Anderson,
                                              Ass't. Vice President, Investments

                                        By /s/ J. G. Lowery
                                           -------------------------------------
                                        Name: J. G. Lowery,
                                              Ass't. Vice President, Investments

                                        LONDON LIFE INTERNATIONAL REINSURANCE
                                        CORPORATION

                                        By: Orchard Capital Management, LLC, as
                                        Investment Advisor

                                        By /s/ Tad Anderson
                                           -------------------------------------
                                        Name: Tad Anderson,
                                              Ass't. Vice President, Investments

                                        By /s/ J. G. Lowery
                                           -------------------------------------
                                        Name: J. G. Lowery,
                                              Ass't. Vice President, Investments

<PAGE>

eFunds Corporation                                       Note Purchase Agreement

This Agreement is hereby accepted
and agreed to as
of the date thereof.

                                        MASSACHUSETTS MUTUAL LIFE INSURANCE
                                        COMPANY

                                        By: Babson Capital Management LLC, as
                                            Investment Adviser

                                        By: /s/ Emeka O. Onukwugha
                                            ------------------------------------
                                        Name: Emeka O. Onukwugha
                                        Title: Managing Director

                                        C.M. LIFE INSURANCE COMPANY

                                        By: Babson Capital Management LLC, as
                                            Investment Sub-Adviser

                                        By: /s/ Emeka O. Onukwugha
                                            ------------------------------------
                                        Name: Emeka O. Onukwugha
                                        Title: Managing Director

                                        MASSMUTUAL ASIA LIMITED

                                        By: Babson Capital Management LLC, as
                                            Investment Adviser

                                        By: /s/ Emeka O. Onukwugha
                                            ------------------------------------
                                        Name: Emeka O. Onukwugha
                                        Title: Managing Director

<PAGE>

eFunds Corporation                                       Note Purchase Agreement

This Agreement is hereby
accepted and agreed to as
of the date thereof.

                                        PRINCIPAL LIFE INSURANCE COMPANY

                                        By: Principal Global Investors, LLC a
                                            Delaware limited liability company,
                                            its authorized signatory

                                        By: /s/ Colin Pennycooke
                                            ------------------------------------
                                        Name: COLIN PENNYCOOKE, Counsel
                                        Its:
                                             -----------------------------------

                                        By: /s/ James C. Fifield
                                            ------------------------------------
                                        Name: JAMES C. FIFIELD, Counsel
                                        Its:
                                             -----------------------------------

<PAGE>

eFunds Corporation                                       Note Purchase Agreement

This Agreement is hereby
accepted and agreed to as
of the date thereof.

                                        AMERICAN UNITED LIFE INSURANCE COMPANY

                                        By: /s/ Kent R. Adams
                                            ------------------------------------
                                        Name: Kent R. Adams
                                        Title: V.P. Fixed Income Securities

                                        PIONEER MUTUAL LIFE INSURANCE COMPANY

                                        By: American United Life Insurance
                                            Company, its Agent

                                        By: /s/ Kent R. Adams
                                            ------------------------------------
                                        Name: Kent R. Adams
                                        Title: V.P. Fixed Income Securities

                                        THE STATE LIFE INSURANCE COMPANY

                                        By: American United Life Insurance
                                            Company, its Agent

                                        By: /s/ Kent R. Adams
                                            ------------------------------------
                                        Name: Kent R. Adams
                                        Title: V.P. Fixed Income Securities

                                        LAFAYETTE LIFE INSURANCE COMPANY

                                        By: American United Life Insurance
                                            Company, its Agent

                                        By: /s/ Kent R. Adams
                                            ------------------------------------
                                        Name: Kent R. Adams
                                        Title: V.P. Fixed Income Securities

<PAGE>

eFunds Corporation                                       Note Purchase Agreement

This Agreement is hereby
accepted and agreed to as
of the date thereof.

                                        MODERN WOODMEN OF AMERICA

                                        By /s/ Nick S. Coin
                                           -------------------------------------
                                        Name: Nick S. Coin
                                        Title: Treasurer & Investment Manager

<PAGE>

                                 DEFINED TERMS

     As used herein, the following terms have the respective meanings set forth
below or set forth in the Section hereof following such term:

     "ACQUISITION" means any acquisition (whether by purchase, merger,
consolidation or otherwise) or series of related acquisitions by the Company or
any Subsidiary of all or substantially all of the assets of, or all or a
majority of the Equity Interests in, a Person or division or line of business of
a Person.

     "ADMINISTRATIVE AGENT" means JPMorgan Chase Bank, N.A. as administrative
agent under the Bank Credit Agreement and any successor or assign thereof in its
capacity as administrative agent thereunder.

     "AFFILIATE" means, at any time, and with respect to any Person, any other
Person that at such time directly or indirectly through one or more
intermediaries Controls, or is Controlled by, or is under common Control with,
such first Person. Unless the context otherwise clearly requires, any reference
to an "Affiliate" is a reference to an Affiliate of the Company.

     "ANTI-TERRORISM ORDER" means Executive Order No. 13,224 of September 24,
2001, Blocking Property and Prohibiting Transactions with Persons Who Commit,
Threaten to Commit or Support Terrorism, 66 U.S. Fed. Reg. 49, 079 (2001), as
amended.

     "ASSET DISPOSITION" means any Transfer except:

          (a) any Transfer from an Obligor or a Subsidiary thereof to another
     Obligor so long as immediately before and immediately after the
     consummation of any such Transfer and after giving effect thereto, no
     Default or Event of Default exists; and

          (b) any Transfer made in the ordinary course of business and involving
     only property that is either (i) inventory held for sale or lease, (ii)
     equipment, fixtures, supplies or materials no longer required in the
     operation of the business of an Obligor or any of its Subsidiaries or that
     is obsolete, (iii) assets subject to licenses, leases or subleases entered
     into in the ordinary course of business and not interfering in any material
     respect with the business of any Obligor, (iv) cash equivalent investments
     assumed pursuant to Acquisitions and replaced with cash or other
     investments, or (v) accounts receivable sold or discounted without recourse
     in connection with the compromise or collection thereof.

     "BANK CREDIT AGREEMENT" means that certain Credit Agreement dated as of
July 1, 2005 among the Company, the lenders party thereto and the Administrative
Agent, as amended, restated, supplemented, modified, extended, refinanced or
replaced from time to time, as the primary bank credit facility of the Obligors.

     "BUSINESS DAY" means (a) for the purposes of Section 8.7 only, any day
other than a Saturday, a Sunday or a day on which commercial banks in New York
City are required or

                                   SCHEDULE B
                          (to Note Purchase Agreement)

<PAGE>

authorized to be closed, and (b) for the purposes of any other provision of this
Agreement, any day other than a Saturday, a Sunday or a day on which commercial
banks in New York, New York or Phoenix, Arizona are required or authorized to be
closed.

     "CAPITAL LEASE" means, at any time, a lease with respect to which the
lessee is required concurrently to recognize the acquisition of an asset and the
incurrence of a liability in accordance with GAAP.

     "CAPITAL LEASE OBLIGATIONS" of any Person means the obligations of such
Person to pay rent or other amounts under any lease of (or other arrangement
conveying the right to use) real or personal property, or a combination thereof,
which obligations are required to be classified and accounted for as Capital
Leases on a balance sheet of such Person under GAAP, and the amount of such
obligations shall be the capitalized amount thereof determined in accordance
with GAAP.

     "CLOSING" is defined in Section 3.

     "CODE" means the Internal Revenue Code of 1986, as amended from time to
time, and the rules and regulations promulgated thereunder from time to time.

     "COLLATERAL" means all or a portion of property of the Company or any
Subsidiary in or upon which a security interest or Lien is from time to time
granted as security for the obligations of the Company and its Subsidiaries
under the Financing Agreements and the Bank Credit Agreement.

     "COLLATERAL AGENT" means a collateral agent appointed by the holders
pursuant to the Intercreditor Agreement or another agreement acceptable to the
Required Holders.

     "COLLATERAL DOCUMENTS" means all agreements, instruments and documents
executed in connection with this Agreement pursuant to which the holders of the
Notes or the Collateral Agent, for the ratable benefit of the holders of the
Notes and the Lenders is granted a security interest in Collateral, including,
without limitation, any and all security agreements, pledge agreements, loan
agreements, notes, guarantees, subordination agreements, intercreditor
agreements (including without limitation, the Intercreditor Agreement), pledges,
powers of attorney, consents, assignments, contracts, fee letters, notices,
leases, financing statements and all other written matter whether heretofore,
now or hereafter executed by or on behalf of the Company or any of its
Subsidiaries and delivered to the Collateral Agent or any of the holders of
Notes, together with all agreements and documents referred to therein or
contemplated thereby.

     "COMPANY" means eFunds Corporation, a Delaware corporation, or any
successor that becomes such in the manner prescribed in Section 10.2.

     "CONFIDENTIAL INFORMATION" is defined in Section 20.

                                       -2-

<PAGE>

     "CONSOLIDATED EBITDA" means, with reference to any period, Consolidated Net
Income for such period plus, to the extent deducted from revenues in determining
Consolidated Net Income, (i) Consolidated Interest Expense, (ii) expense for
income taxes paid or accrued, (iii) depreciation, (iv) amortization, (v)
non-cash charges arising from compensation expense as a result of the adoption
of the revised Statement of Financial Accounting Standards No. 123 (revised
2004), "Share Based Payments" (SFAS No. 123R) (or any similar successor
pronouncement) which would require certain stock based compensation to be
recorded as an expense within the Company's and its Subsidiaries' consolidated
statement of operations and (vi) extraordinary or non-recurring non-cash losses
incurred other than in the ordinary course of business minus, to the extent
included in Consolidated Net Income, extraordinary or non-recurring non-cash
gains realized other than in the ordinary course of business, all calculated for
the Company and its Subsidiaries in accordance with GAAP on a consolidated
basis.

     "CONSOLIDATED EBITDAR" means, with reference to any period, Consolidated
EBITDA plus, to the extent deducted from revenues in determining Consolidated
EBITDA, Consolidated Rent Expense, all calculated for the Company and its
Subsidiaries in accordance with GAAP on a consolidated basis.

     "CONSOLIDATED FIXED CHARGES" means, with reference to any period and
without duplication, all payments by the Company and its Subsidiaries during
such period in respect of the sum of (i) Consolidated Interest Expense plus (ii)
Consolidated Rent Expense.

     "CONSOLIDATED INTEREST EXPENSE" means, with reference to any period, the
interest expense (including without limitation interest expense under Capital
Lease Obligations that is treated as interest in accordance with GAAP) of the
Company and its Subsidiaries calculated on a consolidated basis for such period.

     "CONSOLIDATED NET INCOME" means, with reference to any period, the net
income (or loss) of the Company and its Subsidiaries for such period calculated
on a consolidated basis in accordance with GAAP.

     "CONSOLIDATED NET WORTH" means, as at any date of determination, the value
of stockholders' equity of the Company and its Subsidiaries as of such date
determined on a consolidated basis in accordance with GAAP.

     "CONSOLIDATED RENT EXPENSE" means, with reference to any period, all
payments under Operating Leases to the extent deducted in computing Consolidated
Net Income, net of any related income from subleases, in each case calculated in
accordance with GAAP for the Company and its Subsidiaries on a consolidated
basis for such period.

     "CONSOLIDATED TOTAL ASSETS" means, as at any date of determination, the
total assets of the Company and its Subsidiaries on such date, determined on a
consolidated basis in accordance with GAAP.

                                      -3-

<PAGE>

     "CONSOLIDATED TOTAL INDEBTEDNESS" means, as at any date of determination
and without duplication, the aggregate Indebtedness of the Company and its
Subsidiaries as of such date calculated on a consolidated basis in accordance
with GAAP.

     "CONTINGENT PAYMENTS" means liabilities for the deferred purchase price
associated with Acquisitions (such as hold-backs and earnouts) that are not
evidenced by bonds, debentures, notes or similar instruments.

     "CONTROL" means the possession, directly or indirectly, of the power to
direct or cause the direction of the management and policies of a Person,
whether through the ownership of voting securities, by contract or otherwise.

     "DEBT PREPAYMENT APPLICATION" means the application or offer to apply by an
Obligor or any Subsidiary of cash to pay Senior Debt of an Obligor or any
Subsidiary (other than Senior Debt in respect of any revolving credit or similar
credit facility providing an Obligor or any Subsidiary with the right to obtain
loans or other extensions of credit from time to time, except to the extent that
in connection with such payment of Senior Debt the availability of credit under
such credit facility is permanently reduced by an amount not less than the
amount of such proceeds applied to the payment of such Senior Debt).

     "DEFAULT" means an event or condition the occurrence or existence of which
would, with the lapse of time or the giving of notice or both, become an Event
of Default.

     "DEFAULT RATE" means that rate of interest that is the greater of (i) 2.0%
per annum above the rate of interest stated in clause (a) of the first paragraph
of the Notes or (ii) 2.0% over the rate of interest publicly announced by
JPMorgan Chase Bank, N.A. in New York, New York as its "base" or "prime" rate.

     "DISPOSITION VALUE" means, at any time, with respect to any property:

          (a) in the case of property that does not constitute stock of a
     Subsidiary, the book value thereof, valued at the time of such disposition
     in good faith by the applicable Obligor, and

          (b) in the case of property that constitutes stock of a Subsidiary, an
     amount equal to that percentage of book value of the assets of the
     Subsidiary that issued such stock as is equal to the percentage that such
     stock represents of all of the outstanding capital stock of such Subsidiary
     (assuming, in making such calculations, that all securities convertible
     into such capital stock are so converted and giving full effect to all
     transactions that would occur or be required in connection with such
     conversion) determined at the time of the disposition thereof, in good
     faith by the applicable Obligor.

                                       -4-

<PAGE>

     "DOMESTIC SUBSIDIARY" means a Subsidiary organized under the laws of a
jurisdiction located in the United States of America.

     "EBITDA" of any Person means, with reference to any period, such Person's
Net Income for such period plus, to the extent deducted from revenues in
determining Net Income, such Person's (i) Interest Expense, (ii) expense for
taxes accrued, (iii) depreciation, (iv) amortization, (v) non-cash charges
arising from compensation expense as a result of the adoption of the proposed
amendment to Financial Accounting Standards Board Statement 123, "Share Based
Payments," (or any similar successor pronouncement) which would require certain
stock based compensation to be recorded as an expense within the Company's and
its Subsidiaries' consolidated statement of operations and (v) extraordinary or
non-recurring non-cash losses incurred other than in the ordinary course of
business minus, to the extent included in Net Income, extraordinary or
non-recurring non-cash gains realized other than in the ordinary course of
business, all calculated for such Person and its Subsidiaries in accordance with
GAAP on a consolidated basis.

     "ELECTRONIC DELIVERY" is defined in Section 7.1(a).

     "ENVIRONMENTAL LAWS" means any and all Federal, state, local, and foreign
statutes, laws, regulations, ordinances, rules, judgments, orders, decrees,
permits, concessions, grants, franchises, licenses, agreements or governmental
restrictions relating to pollution and the protection of the environment or the
release of any materials into the environment, including but not limited to
those related to Hazardous Materials.

     "EQUITY INTERESTS" means shares of capital stock, partnership interests,
membership interests in a limited liability company, beneficial interests in a
trust or other equity ownership interests in a Person, and any warrants, options
or other rights entitling the holder thereof to purchase or acquire any such
equity interest.

     "ERISA" means the Employee Retirement Income Security Act of 1974, as
amended from time to time, and the rules and regulations promulgated thereunder
from time to time in effect.

     "ERISA AFFILIATE" means any trade or business (whether or not incorporated)
that is treated as a single employer together with any Obligor under section 414
of the Code.

     "EVENT OF DEFAULT" is defined in Section 11.

     "EXCHANGE ACT" means the Securities Exchange Act of 1934, as amended from
time to time, and the rules and regulations promulgated thereunder from time to
time in effect.

     "FINANCING AGREEMENTS" means the Notes, this Agreement, any Guarantee
Agreement and any Collateral Documents.

                                       -5-

<PAGE>

     "FORM 10-K" is defined in Section 7.1(b).

     "FORM 10-Q" is defined in Section 7.1(a).

     "GAAP" means generally accepted accounting principles as in effect from
time to time in the United States of America.

     "GOVERNMENTAL AUTHORITY" means

          (a) the government of

               (i) the United States of America or any State or other political
          subdivision thereof, or

               (ii) any other jurisdiction in which the Company or any
          Subsidiary conducts all or any part of its business, or which asserts
          jurisdiction over any properties of the Company or any Subsidiary, or

          (b) any entity exercising executive, legislative, judicial, regulatory
     or administrative functions of, or pertaining to, any such government.

     "GUARANTEE AGREEMENT" means the Guaranty of the Guarantors under and
pursuant to Section 22 (and any and all supplements and joinders hereto,
including, without limitation, a Joinder Agreement) and any other guarantee
agreement in form and substance satisfactory to the Required Holders and their
counsel guaranteeing the obligations of the Company hereunder and under the
Notes, in each case as amended, restated, supplemented or otherwise modified
from time to time.

     "GUARANTOR" means each Subsidiary of the Company which has executed and
delivered a Guarantee Agreement.

     "GUARANTY" of or by any Person (the "guarantor") means any obligation,
contingent or otherwise, of the guarantor guaranteeing or having the economic
effect of guaranteeing any Indebtedness or other obligation of any other Person
(the "primary obligor") in any manner, whether directly or indirectly, and
including any obligation of the guarantor, direct or indirect, (a) to purchase
or pay (or advance or supply funds for the purchase or payment of) such
Indebtedness or other obligation or to purchase (or to advance or supply funds
for the purchase of) any security for the payment thereof, (b) to purchase or
lease property, securities or services for the purpose of assuring the owner of
such Indebtedness or other obligation of the payment thereof, (c) to maintain
working capital, equity capital or any other financial statement condition or
liquidity of the primary obligor so as to enable the primary obligor to pay such
Indebtedness or other obligation or (d) as an account party in respect of any
letter of credit or letter of guaranty issued to support such Indebtedness or
obligation; provided, that the term Guaranty shall not

                                       -6-

<PAGE>

include endorsements for collection or deposit in the ordinary course of
business, assignments of real property leases with recourse to such Person to
the extent such assignments are entered into in the ordinary course of business
consistent with past practice, or any obligation with respect to working capital
reserves established in the ordinary course of business consistent with past
practice and related to settlement advances made to, or on behalf of, processing
customers.

     "HAZARDOUS MATERIAL" means any and all pollutants, toxic or hazardous
wastes or other substances that might pose a hazard to health and safety, the
removal of which may be required or the generation, manufacture, refining,
production, processing, treatment, storage, handling, transportation, transfer,
use, disposal, release, discharge, spillage, seepage or filtration of which is
or shall be restricted, prohibited or penalized by any applicable law including,
but not limited to, asbestos, urea formaldehyde foam insulation, polychlorinated
biphenyls, petroleum, petroleum products, lead based paint, radon gas or similar
restricted, prohibited or penalized substances.

     "HOLDER" means, with respect to any Note the Person in whose name such Note
is registered in the register maintained by the Company pursuant to Section
13.1.

     "INDEBTEDNESS" with respect to any Person means, at any time, without
duplication,

          (a) its liabilities for borrowed money;

          (b) all obligations of such Person evidenced by bonds, debentures,
     notes or similar instruments;

          (c) its liabilities for the deferred purchase price of property
     acquired by such Person (excluding (i) current accounts payable and other
     accrued liabilities incurred in the ordinary course of business or in
     connection with Acquisitions and (ii) Contingent Payments to the extent
     that such Contingent Payments are not classified as liabilities in
     accordance with GAAP, but including all liabilities created or arising
     under any conditional sale or other title retention agreement with respect
     to any such property if the same are required to be classified as a
     liability in accordance with GAAP);

          (d) all liabilities appearing on its balance sheet in accordance with
     GAAP in respect of Capital Leases;

          (e) all liabilities for borrowed money secured by any Lien with
     respect to any property owned by such Person (whether or not it has assumed
     or otherwise become liable for such liabilities);

          (f) all its liabilities in respect of letters of credit or instruments
     serving a similar function issued or accepted for its account by banks and
     other financial institutions (whether or not representing obligations for
     borrowed money);

                                      -7-

<PAGE>

          (g) all Net Mark-to-Market Exposure of such Person; and

          (h) any Guaranty of such Person with respect to liabilities of a type
     described in any of clauses (a) through (g) hereof.

Indebtedness of any Person shall include all obligations of such Person of the
character described in clauses (a) through (h) to the extent such Person remains
legally liable in respect thereof notwithstanding that any such obligation is
deemed to be extinguished under GAAP. Indebtedness shall not include any
liability arising under or related to any employee, officer or director
compensation plan of such Person, severance or income continuation amounts owing
to former officers, employees or directors or any surety bonds, performance
guarantees, operating leases or outsourcing and maintenance obligations.

     "INSTITUTIONAL INVESTOR" means (a) any Purchaser of a Note, (b) any holder
of a Note holding (together with one or more of its affiliates) more than 5% of
the aggregate principal amount of the Notes then outstanding, (c) any bank,
trust company, savings and loan association or other financial institution, any
pension plan, any investment company, any insurance company, any broker or
dealer, or any other similar financial institution or entity, regardless of
legal form, and (d) any Related Fund of any holder of any Note.

     "INTERCREDITOR AGREEMENT" is defined in Section 4.14.

     "INTEREST EXPENSE" of any Person means, with reference to any period, the
interest expense (including, without limitation, interest expense under Capital
Leases that is treated as interest in accordance with GAAP) of such Person and
its Subsidiaries calculated on a consolidated basis for such period.

     "JOINDER AGREEMENT" is defined in Section 9.7.

     "LENDERS" means the lenders and the Administrative Agent party to the Bank
Credit Agreement.

     "LIEN" means, with respect to any Person, any mortgage, lien, pledge,
charge, security interest or other encumbrance, or any interest or title of any
vendor, lessor, lender or other secured party to or of such Person under any
conditional sale or other title retention agreement or Capital Lease, upon or
with respect to any property or asset of such Person (including in the case of
stock, stockholder agreements, voting trust agreements and all similar
arrangements). Lien shall be deemed not to include any deposits, escrow accounts
or other amounts intended as assurance for the Company's obligations in respect
of any Contingent Payments provided that such Contingent Payments do not
constitute Indebtedness hereunder.

     "LOAN DOCUMENTS" shall have the meaning ascribed to such term in the Bank
Credit Agreement.

                                      -8-

<PAGE>

     "MAKE-WHOLE AMOUNT" is defined in Section 8.7.

     "MATERIAL" means material in relation to the business, operations, affairs,
financial condition, assets or properties of the Company and its Subsidiaries
taken as a whole.

     "MATERIAL ADVERSE EFFECT" means a material adverse effect on (a) the
business, operations, affairs, financial condition, assets or properties of the
Company and its Subsidiaries taken as a whole, or (b) the ability of any Obligor
to perform its obligations under the Financing Agreements to which it is a
party, or (c) the validity or enforceability of any Financing Agreement.

     "MATERIAL SUBSIDIARY" is defined in Section 9.7.

     "MEMORANDUM" is defined in Section 5.3.

     "MULTIEMPLOYER PLAN" means any Plan that is a "multiemployer plan" (as such
term is defined in section 4001(a)(3) of ERISA).

     "NAIC" means the National Association of Insurance Commissioners or any
successor thereto.

     "NET INCOME" of any Person means, with reference to any period, the net
income (or loss) of such Person and its Subsidiaries for such period calculated
on a consolidated basis in accordance with GAAP.

     "NET MARK-TO-MARKET EXPOSURE" of a Person means, as of any date of
determination, the excess (if any) of all unrealized losses over all unrealized
profits of such Person arising from Swap Agreements. "Unrealized losses" shall
mean the fair market value of the cost to such Person of replacing the
transaction under any Swap Agreement as of the date of determination (assuming
such transaction were to be terminated as of that date), and "unrealized
profits" shall mean the fair market value of the gain to such Person of
replacing such transaction as of the date of determination (assuming such
transaction were to be terminated as of that date).

     "NET SALES AMOUNT" means, with respect to any Asset Disposition by an
Obligor or any Subsidiary, an amount equal to the difference of:

          (a) the aggregate amount of consideration (valued at the fair market
     value thereof by such Obligor or such Subsidiary in good faith) received by
     such Obligor or such Subsidiary in respect of such Asset Disposition minus

          (b) all ordinary and reasonable out-of-pocket costs and expenses
     actually incurred by such Obligor or such Subsidiary in connection with
     such Asset Disposition.

                                      -9-

<PAGE>

     "NOTES" is defined in Section 1.

     "OBLIGORS" means the Company and the Guarantors and any other Person that
grants a security interest and Lien in any of its property as security for the
Notes.

     "OFFICER'S CERTIFICATE" means a certificate of a Senior Financial Officer
of an Obligor or of any other officer of an Obligor whose responsibilities
extend to the subject matter of such certificate.

     "OPERATING LEASE" of a Person means any lease of property (other than a
Capital Lease) by such Person as lessee which has an original term (including
any required renewals and any renewals effective at the option of the lessor) of
one year or more.

     "PBGC" means the Pension Benefit Guaranty Corporation referred to and
defined in ERISA or any successor thereto.

     "PERSON" means an individual, partnership, corporation, limited liability
company, association, trust, unincorporated organization, business entity or
Governmental Authority.

     "PLAN" means an "employee benefit plan" (as defined in section 3(3) of
ERISA) subject to Title I of ERISA that is or, within the preceding five years,
has been established or maintained, or to which contributions are or, within the
preceding five years, have been made or required to be made, by any Obligor or
any ERISA Affiliate or with respect to which any Obligor or any ERISA Affiliate
may have any liability.

     "PRIORITY DEBT" means the sum, without duplication, of (i) Indebtedness of
the Company and any Subsidiary secured by Liens not otherwise permitted by
clauses (a) through (n) of Section 10.5; and (ii) all other Indebtedness of
Subsidiaries not otherwise permitted by clauses (a) through (e) of Section 10.8.

     "PROPERTY" or "PROPERTIES" means, unless otherwise specifically limited,
real or personal property of any kind, tangible or intangible, choate or
inchoate.

     "PROPERTY REINVESTMENT APPLICATION" means the application of any Net Sales
Amount (or a portion thereof) to the acquisition by an Obligor or any Subsidiary
thereof of operating assets of such Obligor or such Subsidiary to be used in the
business of such Person or otherwise re-invested in such Person's business
through Acquisitions, purchases of fixed assets or similar fixed investments.

     "PTE" means a Prohibited Transaction Exemption issued by the Department of
Labor.

     "PURCHASER" is defined in the first paragraph of this Agreement.

                                      -10-

<PAGE>

     "QUALIFIED INSTITUTIONAL BUYER" means any Person who is a "qualified
institutional buyer" within the meaning of such term as set forth in Rule
144A(a)(1) under the Securities Act.

     "RELATED FUND" means, with respect to any holder of any Note, any fund or
entity that (i) invests in Securities or bank loans, and (ii) is advised or
managed by such holder, the same investment advisor as such holder or by an
affiliate of such holder or such investment advisor.

     "REQUIRED HOLDERS" means, at any time, the holders of at least 51% in
principal amount of the Notes at the time outstanding (exclusive of Notes then
owned by the Company or any of its Affiliates).

     "RESPONSIBLE OFFICER" means any Senior Financial Officer and any other
senior vice president or other executive officer of the Company or another
applicable Obligor, as the context requires, with responsibility for the
administration of the relevant portion of this Agreement.

     "SEC" shall mean the Securities and Exchange Commission of the United
States, or any successor thereto.

     "SECURITIES" or "SECURITY" shall have the meaning specified in Section 2(1)
of the Securities Act.

     "SECURITIES ACT" means the Securities Act of 1933, as amended from time to
time, and the rules and regulations promulgated thereunder from time to time in
effect.

     "SENIOR DEBT" means any Indebtedness of the Company or any Subsidiary owing
to any Person which is not the Company, a Subsidiary or an Affiliate and which
is not expressed to be junior or subordinate to any other Indebtedness of the
Company or such Subsidiary.

     "SENIOR FINANCIAL OFFICER" means the chief financial officer, principal
accounting officer, treasurer, director of treasury or controller of the Company
or another applicable Obligor, as the context requires.

     "SUBSIDIARY" means, as to any Person, any other Person in which such first
Person or one or more of its Subsidiaries or such first Person and one or more
of its Subsidiaries owns sufficient equity or voting interests to enable it or
them (as a group) ordinarily, in the absence of contingencies, to elect a
majority of the directors (or Persons performing similar functions) of such
second Person, and any partnership or joint venture if more than a 50% interest
in the profits or capital thereof is owned by such first Person or one or more
of its Subsidiaries or such first Person and one or more of its Subsidiaries
(unless such partnership can and does ordinarily take major business actions
without the prior approval of such Person or one or more of its Subsidiaries).
Unless the context otherwise clearly requires, any reference to a "Subsidiary"
is a reference to a Subsidiary of the Company or of any Obligor.

                                      -11-

<PAGE>

     "SVO" means the Securities Valuation Office of the NAIC or any successor to
such Office.

     "SWAP AGREEMENT" means any agreement with respect to any swap, forward,
future or derivative transaction or option or similar agreement involving, or
settled by reference to, one or more rates, currencies, commodities, equity or
debt instruments or securities, or economic, financial or pricing indices or
measures of economic, financial or pricing risk or value or similar transaction
or any combination of these transactions; provided that no phantom stock or
similar plan providing for payments only on account of services provided by
current or former directors, officers, employees or consultants of the Company
or the Subsidiaries shall be a Swap Agreement.

     "TRANSFER" means with respect to any Person, any transaction in which such
Person sells, conveys, transfers or leases (as lessor) any of its property,
including any disposition of any capital stock of any Subsidiary or the assets
of any Subsidiary, whether by merger, consolidation or otherwise.

     "USA PATRIOT ACT" means United States Public Law 107-56, Uniting and
Strengthening America by Providing Appropriate Tools Required to Intercept and
Obstruct Terrorism (USA PATRIOT ACT) Act of 2001, as amended from time to time,
and the rules and regulations promulgated thereunder from time to time in
effect.

     "WHOLLY-OWNED SUBSIDIARY" means, at any time, any Subsidiary one hundred
percent of all of the Equity Interests (except directors' qualifying shares) and
voting interests of which are owned by any one or more of the Company or the
Company's other Wholly-Owned Subsidiaries at such time.

     "WILDCARD ACQUISITION" means the acquisition by the Company of all issued
and outstanding stock of WildCard Systems, Inc., a Florida corporation.

                                      -12-
<PAGE>
The following Schedules and Exhibits have been omitted from this Exhibit:

SCHEDULE A     -- INFORMATION RELATING TO PURCHASERS
SCHEDULE 5.4   -- Subsidiaries of the Company and Ownership of Subsidiary Stock
SCHEDULE 5.5   -- Financial Statements
SCHEDULE 5.8   -- Litigation
SCHEDULE 5.15  -- Existing Indebtedness
EXHIBIT 1      -- Form of 5.39% Senior Guaranteed Note due September 30, 2012
EXHIBIT 4.4(a) -- Form of Opinion of Special Counsel for the Company
EXHIBIT 4.4(b) -- Form of Opinion of Special Counsel for the Purchasers
EXHIBIT 4.14   -- Form of Intercreditor Agreement
EXHIBIT 9.7.   -- Form of Joinder Agreement

The registrant will furnish supplementally a copy of any Omitted Schedule or
Exhibit to the Securities and Exchange Commission upon the request of the
Commission.

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