Document:

exv4w4

 

Exhibit 4.4

SUPPLEMENTAL INDENTURE

DELIVERED BY ATM NATIONAL, LLC

A SUBSEQUENT GUARANTOR

          Supplemental Indenture (this “Supplemental Indenture”), dated as of December 22, 2005, among
ATM National, LLC, a Delaware limited liability company (the “Guaranteeing Subsidiary”), a
subsidiary of Cardtronics, Inc., a Delaware corporation (or its permitted successor) (the
“Company”), and Wells Fargo Bank, National Association, a nationally chartered banking association
(or its permitted successor), as trustee under the Indenture referred to below (the “Trustee”).

W I T N E S S E T H

          WHEREAS, the Company and the other Guarantors party thereto have heretofore executed and
delivered to the Trustee an indenture (the “Indenture”), dated as of August 12, 2005 providing for
the issuance of the Company’s 9 1/4% Senior Subordinated Notes due 2013 (the “Notes”);

          WHEREAS, the Indenture provides that under certain circumstances the Guaranteeing Subsidiary
shall execute and deliver to the Trustee a supplemental indenture pursuant to which the
Guaranteeing Subsidiary shall, subject to Article Twelve of the Indenture, unconditionally
guarantee the Notes on the terms and conditions set forth therein (the “Note Guarantee”); and

          WHEREAS, pursuant to Section 9.01 of the Indenture, the Trustee is authorized to execute and
deliver this Supplemental Indenture.

          NOW THEREFORE, in consideration of the foregoing and for other good and valuable
consideration, the receipt of which is hereby acknowledged, the Company, the Guarantors, the
Guaranteeing Subsidiary and the Trustee agree as follows for the equal and ratable benefit of the
Holders of the Notes:

          1. Capitalized Terms. Capitalized terms used herein without definition shall have the
meanings assigned to them in the Indenture.

          2. Agreement to Guarantee.

          (a) Subject to Article Twelve of the Indenture, the Guaranteeing Subsidiary, jointly and
severally with all other Guarantors, fully and unconditionally guarantees to each Holder of a Note
authenticated and delivered by the Trustee and to the Trustee and its successors and assigns,
irrespective of the validity and enforceability of the Indenture, the Notes or the obligations of
the Company hereunder or thereunder, that:

     (i) the principal of, premium, if any, and accrued and unpaid interest and Additional
Interest, if any, on the Notes will be promptly paid in full when due, whether at maturity,
by acceleration, redemption or otherwise, and interest on the overdue principal of, premium,
if any, and interest and Additional Interest, if any, on the Notes, if

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lawful (subject in all cases to any applicable grace period provided herein), and all other
obligations of the Company to the Holders or the Trustee hereunder or thereunder will be
promptly paid in full, all in accordance with the terms hereof and thereof; and

     (ii) in case of any extension of time of payment or renewal of any Notes or any of such
other obligations, the same will be promptly paid in full when due in accordance with the
terms of the extension or renewal, whether at stated maturity, by acceleration or otherwise.
Failing payment when due of any amount so guaranteed for whatever reason, the Guarantors
shall be jointly and severally obligated to pay the same immediately. The Guaranteeing
Subsidiary agrees that this is a guarantee of payment and not a guarantee of collection.

          (b) The Guaranteeing Subsidiary hereby agrees that, to the maximum extent permitted under
applicable law, its obligations hereunder shall be unconditional, irrespective of the validity,
regularity or enforceability of the Notes or the Indenture, the absence of any action to enforce
the same, any waiver or consent by any Holder of the Notes with respect to any provisions hereof or
thereof, the recovery of any judgment against the Company, any action to enforce the same or any
other circumstance which might otherwise constitute a legal or equitable discharge or defense of a
Guarantor.

          (c) The Guaranteeing Subsidiary, subject to Section 6.06 of the Indenture, hereby waives
diligence, presentment, demand of payment, filing of claims with a court in the event of insolvency
or bankruptcy of the Company, any right to require a proceeding first against the Company, protest,
notice and all demands whatsoever and covenants that this Note Guarantee shall not be discharged
except by complete performance of the obligations contained in the Notes and the Indenture.

          (d) If any Holder or the Trustee is required by any court or otherwise to return to the
Company, the Guarantors, or any custodian, trustee, liquidator or other similar official acting in
relation to any of the Company or the Guarantors, any amount paid by any of them to the Trustee or
such Holder, this Note Guarantee, to the extent theretofore discharged, shall be reinstated in full
force and effect.

          (e) The Guaranteeing Subsidiary agrees that it shall not be entitled to any right of
subrogation in relation to the Holders in respect of any obligations guaranteed hereby until
payment in full of all obligations guaranteed hereby.

          (f) The Guaranteeing Subsidiary agrees that, as between the Guarantors, on the one hand, and
the Holders and the Trustee, on the other hand, (x) the maturity of the obligations guaranteed
hereby may be accelerated as provided in Article Six of the Indenture for the purposes of the Note
Guarantee, notwithstanding any stay, injunction or other prohibition preventing such acceleration
in respect of the obligations guaranteed hereby, and (y) in the event of any declaration of
acceleration of such obligations as provided in Article Six of the Indenture, such obligations
(whether or not due and payable) shall forthwith become due and payable by the Guarantors for the
purpose of the Note Guarantee.

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          (g) The Guaranteeing Subsidiary shall have the right to seek contribution from any non-paying
Guarantor so long as the exercise of such right does not impair the rights of the Holders under the
Note Guarantee.

          (h) The Guaranteeing Subsidiary confirms, pursuant to Section 12.02 of the Indenture, that it
is the intention of such Guaranteeing Subsidiary that the Note Guarantee not constitute (i) a
fraudulent transfer or conveyance for purposes of Bankruptcy Law, the Uniform Fraudulent Conveyance
Act, the Uniform Fraudulent Transfer Act or any similar federal or state law to the extent
applicable to the Note Guarantee or (ii) an unlawful distribution under any applicable state law
prohibiting shareholder distributions by an insolvent subsidiary to the extent applicable to the
Note Guarantee. To effectuate the foregoing intention, the Guaranteeing Subsidiary and the Trustee
hereby irrevocably agree that the obligations of the Guaranteeing Subsidiary will be limited to the
maximum amount as will, after giving effect to all other contingent and fixed liabilities of such
Guaranteeing Subsidiary that are relevant under such laws, and after giving effect to any
collections from, rights to receive contribution from or payments made by or on behalf of any other
Guarantor in respect of the obligations of such other Guarantor under Article Twelve of the
Indenture, result in the obligations of the Guaranteeing Subsidiary under the Note Guarantee not
constituting a fraudulent transfer or conveyance or such an unlawful shareholder distribution.

          3. Execution and Delivery. The Guaranteeing Subsidiary agrees that the Note Guarantee
shall remain in full force and effect notwithstanding any failure to endorse on each Note a
notation of the Note Guarantee.

          4. Guaranteeing Subsidiary May Consolidate, Etc., on Certain Terms. The Guaranteeing
Subsidiary may not sell or otherwise dispose of all or substantially all of its assets to, or
consolidate with or merge with or into, any Person other than as set forth in Section 12.04 of the
Indenture.

          5. Release. The Guaranteeing Subsidiary’s Note Guarantee shall be released as set
forth in Section 12.05 of the Indenture.

          6. No Recourse Against Others. Pursuant to Section 14.07 of the Indenture, no
director, officer, employee, incorporator or stockholder of the Guaranteeing Subsidiary shall have
any liability for any obligations of the Guaranteeing Subsidiary under the Notes, the Indenture,
this Supplemental Indenture, the Note Guarantees or for any claim based on, in respect of, or by
reason of, such obligations or their creation. This waiver and release are part of the
consideration for the Note Guarantee.

          7. Subordination of Note Guarantee. Payments on the Note Guarantees are subordinated
to the extent and manner provided for in Article 13 of the Indenture, to the prior payment in full
in cash or Cash Equivalents of all Senior Debt of the Guarantors, including Senior Debt of the
Guarantors incurred after the date of the Indenture.

          8. NEW YORK LAW TO GOVERN. THE LAWS OF THE STATE OF NEW YORK SHALL GOVERN AND BE USED
TO CONSTRUE THIS SUPPLEMENTAL INDENTURE.

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          9. Counterparts. The parties may sign any number of copies of this Supplemental
Indenture. Each signed copy shall be an original, but all of them together represent the same
agreement.

          10. Effect of Headings. The Section headings herein are for convenience only and
shall not affect the construction hereof.

          11. Trustee. The Trustee shall not be responsible in any manner whatsoever for or in
respect of the validity or sufficiency of this Supplemental Indenture or for or in respect of the
recitals contained herein, all of which recitals are made solely by the Guaranteeing Subsidiary and
the Company.

          IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture to be duly
executed and attested, all as of the date first above written.

	 	 	 	 	 
	 	ATM NATIONAL, LLC

 	 
	 	By:  	/s/ Benjamin Psillas
 	 
	 	 	Name:  	Benjamin Psillas 	 
	 	 	Title:  	President 	 
	 
	 	WELLS FARGO BANK, National Association,

as Trustee

 	 
	By: 	/s/ Patrick T. Giordano
 	 
	 	Name:  Patrick T. Giordano 	 
	 	Title:    Vice President 	 
	 

4exv10w2

 

Exhibit 10.2

AMENDMENT NO. 7 TO CREDIT AGREEMENT

          AMENDMENT NO. 7 TO CREDIT AGREEMENT dated as of July 18, 2007 (this “Amendment”) among (a)
Cardtronics, Inc., a Delaware corporation (the “Borrower”), (b) Cardtronics, LP, a Delaware limited
partnership, Cardtronics GP, Inc., a Delaware corporation, and Cardtronics LP, Inc., a Delaware
corporation (collectively, the “Guarantors”), (c) the lenders party to the Credit Agreement
referred to below (the “Lenders”), (d) the New Lenders (as defined below), and (e) BNP Paribas, as
administrative agent (the “Administrative Agent”) for the Lenders.

          PRELIMINARY STATEMENTS:

          1. The Borrower, the Guarantors, the Lenders, the Administrative Agent and others have entered
into a Third Amended and Restated First Lien Credit Agreement dated as of May 17, 2005, as amended
by Amendment No. 1 to Credit Agreement dated as of July 6, 2005, Amendment No. 2 to Credit
Agreement dated as of August 5, 2005, Amendment No. 3 to Credit Agreement dated as of November 17,
2005, Amendment No. 4 to Credit Agreement dated as of February 14, 2006, Amendment No. 5 to Credit
Agreement dated as of September 29, 2006 and Amendment No. 6 to Credit Agreement dated as of May 3,
2007 (as so amended, the “Credit Agreement”; capitalized terms used herein and not otherwise
defined in this Amendment being used herein as defined in the Credit Agreement);

          2. The Borrower intends to acquire all of the ATM operations in the United States of 7-Eleven,
Inc. (the “7-Eleven Acquisition”), and to finance the 7-Eleven Acquisition and related costs and
expenses, the Borrower has given notice to the Administrative Agent of the Borrower’s desire to (i)
amend the Credit Agreement as provided herein to provide for, among other things, an increase in
the Total Revolving Commitment, effective as of the effective date of the amendments set forth
herein, to $175 million and (ii) request the consent of the Requisite Lenders to the 7-Eleven
Acquisition in accordance with Section 5.04 of the Credit Agreement; and

          3. The Lenders have agreed, subject to the terms and conditions hereinafter set forth, to
amend the Credit Agreement as set forth below, to increase the Total Revolving Credit Commitment to
$175 million and to consent to the 7-Eleven Acquisition pursuant to Section 5.04 of the Credit
Agreement;

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

          SECTION 1. Amendments to Credit Agreement. Upon, and subject to, the
satisfaction of the conditions precedent set forth in Section 2 below, the Credit Agreement is
hereby amended as follows:

          (a) Section 1.01 of the Credit Agreement is amended by adding the following definitions in
alphabetical order:

Cardtronics Amendment No. 7

 

 

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     “7-Eleven Acquisition” means the acquisition contemplated by the
7-Eleven Acquisition Agreement.

     “7-Eleven Acquisition Agreement” means the Asset Purchase Agreement
dated June 1, 2007 among 7-Eleven, Inc., Vcom Financial Services, Inc., and
Cardtronics, LP, a Delaware limited partnership.

     “7-Eleven Acquisition Closing” means the “Closing” as defined in the
7-Eleven Acquisition Agreement.

     “Guaranty Supplements” means (i) the Guaranty Supplement dated July,
2007 between BNP Paribas, as Agent, and ATM National, LLC, and (ii) the
Guaranty Supplement dated July, 2007 between BNP Paribas, as Agent, and
Cardtronics Holdings, LLC.”

     “Vcom Business” means those services which are provided by the assets
acquired in the 7-Eleven Acquisition in addition to typical ATM
transactions, including, without limitation, check cashing, bill payment,
money transfer and deposit taking services.

     “Vcom Negative EBITDA” means, in respect of any calculation of Adjusted
Target EBITDA or EBITDA for any period ending during the first 18 months
following the 7-Eleven Acquisition Closing, the Target EBITDA of the Vcom
Business for such period to the extent such Target EBITDA is a negative
number, in each case not to exceed $10 million in any period of four
consecutive fiscal quarters.

          (b) The definition of “Adjusted Target EBITDA” in Section 1.01 of the Credit Agreement is
amended and restated to read as follows:

     “Adjusted Target EBITDA” means, for any period, the sum of the
following, each calculated without duplication for the Target or the assets
acquired for such period or the Large Program Expenditure for such period,
as the case may be: (1) Target EBITDA; plus (2) all of those expenses which
have been deducted in calculating Target EBITDA for such period and which
will be eliminated in the future upon the consummation of the proposed
Acquisition by the Borrower or its Subsidiary as approved by Agent, with
such other adjustments as are also approved by the Agent; minus (3) all
income or gains which have been added in calculating Target EBITDA for such
period and which will be eliminated in the future upon the consummation of
the proposed Acquisition by the Borrower as approved by Agent; minus (4) any
Vcom Negative EBITDA for such period.

          (c) The definition of “EBITDA” in Section 1.01 of the Credit Agreement is amended and restated
to read as follows:

Cardtronics Amendment No. 7

 

 

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     “EBITDA” means, with respect to the Borrower and its Subsidiaries
determined on a consolidated basis for the four (4) fiscal quarters
immediately preceding the most recent Financial Statement Delivery Date,
without duplication, the result of net income less any non-cash income and
any Vcom Negative EBITDA to the extent included in determining net income
and without giving effect to any non-recurring items, expenses relating to
the compensation of sellers in connection with any Permitted Acquisitions or
Large Program Expenditures and other transaction expenses and costs pursuant
to any Permitted Acquisition or Large Program Expenditure, extraordinary
gains or losses from the sale of assets or write-down in the value of assets
owned by any Loan Party or any Subsidiary of any Loan Party during such
period plus depreciation, amortization, Interest Expense, book taxes and
other non cash charges for such period, in each case to the extent deducted
in determining net income; provided that, in the case of any
consolidated Subsidiary of the Borrower that is not a Wholly-Owned
Subsidiary, the amount included in the calculation of EBITDA in respect of
any such items or any components thereof shall be the Owned Percentage of
the amount that would otherwise be included in the absence of this proviso.

          (d) The definition of “Domestic Subsidiary” in Section 1.01 of the Credit Agreement is amended
and restated to read as follows:

     ““Domestic Subsidiary” means, with respect to any Person, any
Subsidiary of such Person that is neither a CFC nor a Subsidiary that is
held directly or indirectly by a CFC.”

          (e) The definition of “Loan Documents” in Section 1.01 of the Credit Agreement is amended and
restated to read as follows:

     ““Loan Documents” means this Agreement, the Notes, the Intercreditor
Agreement, the Guaranty Supplements or any other guaranty of the obligations
of the Borrower, any agreement with respect to a Derivative entered into
with a Lender or any Affiliate of a Lender existing from time to time and
the Security Documents.”

          (f) The definition of “Maturity Date” in Section 1.01 of the Credit Agreement is amended and
restated to read as follows:

     “Maturity Date” means the seventh (7th) anniversary of the
Execution Date, unless accelerated pursuant to Section 9.02.

          (g) The definition of “Permanent Securities” in Section 1.01 of the Credit Agreement is
amended and restated to read as follows:

     “Permanent Securities” means (a) the Borrower’s 9.25% Senior
Subordinated Notes due August 15, 2013 in the original principal amount of
$200,000,000 and (b) either (i) the Borrower’s 9.25% Senior

Cardtronics Amendment No. 7

 

 

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Subordinated
Notes due August 15, 2013 – Series B, or (ii) any other new notes with
substantially similar covenants and subordination provisions as those
described in clause (a) above, in either such case under this clause (b) in
an original aggregate principal amount not to exceed $150,000,000 to be
issued in connection with the 7-Eleven Acquisition.

          (h) Section 8.03(c) of the Credit Agreement is amended and restated in full to read as
follows:

     “Capitalized Lease Obligations and purchase money financing not to
exceed $10,000,000 in the aggregate outstanding at any time; provided that
Capitalized Lease Obligations and purchase money financing of a Subsidiary
that is not a Wholly-Owned Subsidiary shall only be included in an amount
equal to the Owned Percentage of such Subsidiary”.

          (i) Section 8.03(i) of the Credit Agreement is amended and restated in full to read as
follows:

     “Indebtedness in respect of the Permanent Securities in an aggregate
principal amount not to exceed $350,000,000, less principal amounts paid
thereunder from time to time;”

          (j) Section 8.06 of the Credit Agreement is amended and restated in full to read as follows:

     “Guaranties. None of the Loan Parties will, directly or indirectly,
guarantee the Indebtedness of any Person, or permit any of its Subsidiaries
to do so, except:

     (a) endorsements of instruments for deposit or collection in the
ordinary course of business;

     (b) guaranties of the Obligations in favor of the Agent, the Lenders or
the other holders of the Obligations evidenced by a Loan Document;

     (c) guaranties by the Partnership of any obligations of the
Borrower, or guaranties by the Borrower of any obligations of the
Partnership, or guaranties by the Partnership or the Borrower of any
obligations of any other Subsidiary of the Borrower, in each case in respect
of Indebtedness permitted hereby incurred in the ordinary course of business
and not otherwise prohibited hereby;

     (d) guaranties of obligations of the Borrower under the Second Lien
Loan Documents;

     (e) guaranties of obligations of the Borrower under the Permanent
Securities so long as such Subsidiaries are Guarantors hereunder.”

Cardtronics Amendment No. 7

 

 

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          (k) Section 8.12(b) of the Credit Agreement is amended and restated in full to read as
follows:

     “(b) Senior Leverage Ratio. The Borrower will not permit at
any time the Senior Leverage Ratio to be greater than the ratio set forth
below for each corresponding period set forth below:

	 	 	 	 	 
	Four (4) Quarter Period Ending:	 	Ratio:
	June 30, 2007
	 	 	2.50:1.00	 
	September 30, 2007
	 	 	2.50:1.00	 
	December 31, 2007
	 	 	2.50:1.00	 
	March 31, 2008
	 	 	2.50:1.00	 
	June 30, 2008
	 	 	2.50:1.00	 
	September 30, 2008
	 	 	2.50:1.00	 
	December 31, 2008
	 	 	2.50:1.00	 
	March 31, 2009
	 	 	2.50:1.00	 
	June 30, 2009
	 	 	2.50:1.00	 
	September 30, 2009
	 	 	2.50:1.00	 
	December 31, 2009 and each fiscal quarter-end thereafter
	 	 	2.25:1.00	 

          (l) Section 8.12(c) of the Credit Agreement is amended and restated in full to read as
follows:

     “(c) Fixed Charge Coverage Ratio. The Borrower will not permit
at any time the Fixed Charge Coverage Ratio to be less than the ratio set
forth below for each corresponding period set forth below:

	 	 	 	 	 
	Four (4) Quarter Period Ending:	 	Ratio:
	June 30, 2007
	 	 	1.25:1.00	 
	September 30, 2007
	 	 	1.25:1.00	 
	December 31, 2007
	 	 	1.25:1.00	 
	March 31, 2008
	 	 	1.25:1.00	 
	June 30, 2008
	 	 	1.25:1.00	 
	September 30, 2008
	 	 	1.25:1.00	 
	December 31, 2008
	 	 	1.35:1.00	 
	March 31, 2009
	 	 	1.35:1.00	 
	June 30, 2009
	 	 	1.35:1.00	 
	September 30, 2009
	 	 	1.35:1.00	 
	December 31, 2009 and each fiscal-quarter end thereafter
	 	 	1.40:1.00	 

Cardtronics Amendment No. 7

 

 

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          (m) Section 8.13(a) of the Credit Agreement is amended and restated as full to read as
follows:

	 	 	 	 	 
	Test Period Ending:	 	Amounts:
	June 30, 2007
	 	$	60,000,000	 
	September 30, 2007
	 	$	67,500,000	 
	December 31, 2007
	 	$	72,500,000	 
	March 31, 2008 and each fiscal quarter-end thereafter
	 	$	75,000,000	 

          SECTION 2. Conditions of Effectiveness of Amendment.  The amendments to
the Credit Agreement set forth in Section 1 shall become effective on the date (which shall be on
or before August 30, 2007) (the “Effective Date”) when the Administrative Agent shall have received
the following, each in form and substance reasonably satisfactory to the Administrative Agent:

     (a) counterparts of this Amendment executed by (i) the Borrower and each Loan
Party, (ii) the Administrative Agent, and (iii) each of the Lenders;

     (b) a certificate (i) of the secretary or an assistant secretary or other
Responsible Officer of each of the Loan Parties certifying (A) true and complete copies
of each of the articles or certificate of incorporation, organization or partnership, as
applicable, as amended and in effect, of such Person, the bylaws, regulations, operating
agreement, or agreement of limited partnership, as applicable, as amended and in effect,
of such Person (or, in each case, that the same have not changed since the most recent
certified copies thereof delivered to the Administrative Agent in connection with the
initial Advance under the Credit Agreement or any amendments thereto) and the
resolutions adopted by the Board of Directors, general partner, requisite members or
mangers, as applicable, of such Person, (1) authorizing the execution, delivery and
performance by such Person of the Loan Documents to which it is or will be a party and,
as to the Borrower, the Advances to be made hereunder, and (2) authorizing Responsible
Officers of such Person to negotiate, execute and deliver the Loan Documents to which it
is or will be a party and any related documents, including, any agreement contemplated
by this Agreement, and (B) the incumbency and specimen signatures of the Responsible
Officers of such Person executing any documents on its behalf and (ii) of a Responsible
Officer of the Borrower certifying (which certification shall be deemed to be a
representation and warranty by the Borrower for all purposes of the Credit Agreement),
(A) that there has been no change in the businesses or financial condition of such
Person which would reasonably be expected to have a Material Adverse Effect since
December 31, 2006, (B) that the representations and warranties set forth in Article
VI of the Credit
Agreement and the representations and warranties set forth in the Security
Documents are true and correct in all material respects as of and as if such
representations and warranties were made on, the Effective Date (unless such
representation and warranty expressly relates to an earlier date), and (C) that no
Default or Event of Default shall

Cardtronics Amendment No. 7

 

 

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have occurred and be continuing or would result from
the transactions contemplated hereby, including the consummation of the 7-Eleven
Acquisition and the issuance of the additional Permanent Securities;

     (c) a favorable, signed opinions addressed to the Administrative Agent and the
Lenders from Vinson & Elkins L.L.P., counsel to the Loan Parties, in form and substance
reasonably satisfactory to the Administrative Agent and its counsel;

     (d) the Administrative Agent shall have received the payment for the Administrative
Agent and the Lenders, as applicable, of all fees and expenses agreed upon by such
parties and the Borrower to be payable on or prior to the Effective Date, including the
fees described in Section 5 below;

     (e) certificates of appropriate public officials as to the existence, good standing
and, if material, qualification to do business as a foreign corporation, as applicable,
of the Loan Parties and their respective Subsidiaries, in each jurisdiction in which the
ownership of their properties or the conduct of their business requires such
qualifications;

     (f) a solvency certificate, in form and substance reasonably satisfactory to
Administrative Agent, executed by the chief financial officer of the Borrower certifying
as to the solvency of each Loan Party before and after giving effect to the 7-Eleven
Acquisition, the making of the first Advance after the Effective Date and the
application of proceeds thereof;

     (g) evidence reasonably satisfactory to the Agent that the Borrower has received
all material governmental, shareholder and third party consents and/or approvals
necessary to effect the 7-Eleven Acquisition, expiration of all applicable waiting
periods without any action being taken by any authority that could restrain, prevent or
impose any material adverse conditions on any of the Borrower and its Subsidiaries, or
the 7-Eleven Acquisition, or that could seek to restrain or threaten any of the
foregoing, and the absence of any applicable law or regulation which in the reasonable
judgment of the Administrative Agent could have such material adverse conditions or
effect;

     (h) such other consents, approvals, opinions or documents as the Administrative
Agent may reasonably request.

Cardtronics Amendment No. 7

 

 

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          SECTION 3. Increase of Total Revolving Commitment. Effective as of the
Effective Date, (a) each Person signing this Amendment as a “Lender” which was not a Lender
immediately prior to the Effective Date (each such Person being a “New Lender”) shall become and
shall be deemed to be a Lender for all purposes of the Loan Documents, (b) the Total
Revolving Commitment shall be increased by $50 million to a total of $175 million, and (c) the
Commitment of each Lender shall be in the amount set forth under its signature herein.

          SECTION 4. Requisite Lenders’ Consent. Effective as of the Effective Date,
the Requisite Lenders as of the Effective Date consent to the 7-Eleven Acquisition pursuant to
Section 5.04 of the Credit Agreement.

          SECTION 5. Fees. On or before the Effective Date, the Borrower agrees to pay
to the Administrative Agent (a) for the account of each Lender party to the Credit Agreement prior
to this Amendment (the “Existing Lenders”) an amendment fee (the “Amendment Fee”) equal to 0.125%
of the amount of each Existing Lender’s Revolving Credit Commitment immediately prior to the
Effective Date, (b) for the account of each Existing Lender that increases its Commitment pursuant
to this Amendment (as shown on the signature pages herein), an additional fee in an amount equal to
0.25% of the amount of such increase, (c) for the account of each New Lender, a fee equal to 0.25%
of the amount of such New Lender’s Commitment as of the Effective Date, and (d) a structuring fee
for the sole account of the Administrative Agent as separately agreed between the Borrower and the
Administrative Agent.

          SECTION 6. Representations and Warranties. The Borrower represents and
warrants as follows:

     (a) The execution, delivery and performance by each of the Borrower and each of the
other Loan Parties of this Amendment and the consummation of the transactions contemplated
hereby are within its corporate powers, have been duly authorized by all necessary corporate
action and do not contravene (i) its charter or by-laws or (ii) any law or any contractual
restriction binding on or affecting it the contravention of which would be reasonably likely
to have a Material Adverse Effect.

     (b) After giving effect to this Amendment, the representations and warranties contained
in each of the Loan Documents are correct in all material respects on and as of the date
hereof as though made on and as of such date (other than any such representations or
warranties that, by their terms, refer to a specific date, in which case as of such specific
date).

     (c) After giving effect to this Amendment, no event shall have occurred and be
continuing that constitutes a Default.

          SECTION 7. Reference to and Effect on the Credit Agreement and the Loan
Documents.

     (a) On and after the effectiveness of this Amendment, each reference in the Credit
Agreement to “this Agreement”, “hereunder”, “hereof” or words of like import referring to
the Credit Agreement, and each reference in the Notes and each of the other Loan Documents
to “the Credit Agreement”, “thereunder”, “thereof” or words of like

Cardtronics Amendment No. 7

 

 

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import referring to the Credit Agreement, shall mean and be a reference to the Credit
Agreement, as amended by this Amendment.

     (b) Each of the Credit Agreement, the Notes and each of the other Loan
Documents, as specifically amended by this Amendment, is and shall continue to be in full
force and effect and is hereby in all respects ratified and confirmed. Without limiting the
generality of the foregoing, the Guaranty does and shall continue to guarantee the
Guaranteed Obligations, in each case, as amended by this Amendment.

     (c) The execution, delivery and effectiveness of this Amendment shall not,
except as expressly provided herein, operate as a waiver of any right, power or remedy of
any Lender or the Administrative Agent under any of the Loan Documents, nor constitute a
waiver of any provision of any of the Loan Documents. On and after the effectiveness of
this Amendment, this Amendment shall for all purposes constitute a Loan Document.

          SECTION 8. Execution in Counterparts. This Amendment may be executed in any
number of counterparts and by different parties hereto in separate counterparts, each of which when
so executed shall be deemed to be an original and all of which taken together shall constitute but
one and the same agreement. Delivery of an executed counterpart of a signature page to this
Amendment by telecopier shall be effective as delivery of a manually executed counterpart of this
Amendment.

          SECTION 9. Governing Law. This Amendment shall be governed by, and
construed in accordance with, the laws of the State of New York.

[The remainder of this page is intentionally left blank]

Cardtronics Amendment No. 7

 

 

     IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed by their
respective officers thereunto duly authorized, as of the date first above written.

	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 
	 	 	Borrower	 	 
	 
	 	 	 	 	 	 
	 	 	CARDTRONICS, INC.	 	 
	 
	 	 	 	 	 	 
	 

	 	By
	 	/s/ Jack M. Antonini	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Name: Jack M. Antonini	 	 
	 

	 	 	 	Title: President and Chief Executive Officer	 	 
	 
	 	 	 	 	 	 
	 	 	Guarantors	 	 
	 
	 	 	 	 	 	 
	 	 	CARDTRONICS, LP	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	CARDTRONICS GP, INC.,	 	 
	 

	 	 	 	its general partner	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Jack M. Antonini	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Name: Jack M. Antonini	 	 
	 

	 	 	 	Title: President	 	 
	 
	 	 	 	 	 	 
	 	 	CARDTRONICS GP, INC.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Jack M. Antonini	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Name: Jack M. Antonini	 	 
	 

	 	 	 	Title: President	 	 
	 
	 	 	 	 	 	 
	 	 	CARDTRONICS LP, INC.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Peter J. Winnington	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Name: Peter J. Winnington	 	 
	 

	 	 	 	Title: President	 	 

Cardtronics Amendment No. 7

 

 

	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	BNP PARIBAS, as Administrative Agent	 	 
	 
	 	 	 	 	 	 
	 

	 	By
	 	/s/ Sean Davenport	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Name: Sean Davenport	 	 
	 

	 	 	 	Title: Director	 	 
	 
	 	 	 	 	 	 
	 

	 	By
	 	/s/ Matthew R. Wyatt	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Name: Matt Wyatt	 	 
	 

	 	 	 	Title: Vice President	 	 

Cardtronics Amendment No. 7

 

 

	 	 	 	 	 	 	 
	 	 	Lenders:	 	 
	 
	 	 	 	 	 	 
	 	 	BNP PARIBAS, as Lender	 	 
	 
	 	 	 	 	 	 
	 

	 	By
	 	/s/ Sean Davenport	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Name: Sean Davenport	 	 
	 

	 	 	 	Title: Director	 	 
	 
	 

	 	By
	 	/s/ Matthew R. Wyatt	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Name: Matt Wyatt	 	 
	 
	 	 	 	 	 	 
	 	 	Commitment: $24,500,000	 	 

Cardtronics Amendment No. 7

 

 

	 	 	 	 	 	 	 
	 	 	Lenders:	 	 
	 
	 	 	 	 	 	 
	 	 	Bank of America, N.A.	 	 
	 
	 	 	 	 	 	 
	 

	 	By
	 	/s/ Gary L. Mingle	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Name: Gary L. Mingle	 	 
	 

	 	 	 	Title: Senior Vice-President	 	 
	 
	 	 	 	 	 	 
	 	 	Commitment: $24,500,000	 	 

Cardtronics Amendment No. 7

 

 

	 	 	 	 	 	 	 
	 	 	Lenders:	 	 
	 
	 	 	 	 	 	 
	 	 	JPMorgan Chase Bank, N.A.	 	 
	 
	 	 	 	 	 	 
	 

	 	By
	 	/s/ Michael Becker	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Name: Michael Becker	 	 
	 

	 	 	 	Title: Vice-President	 	 
	 
	 	 	 	 	 	 
	 	 	Commitment: $22,000,000	 	 

Cardtronics Amendment No. 7

 

 

	 	 	 	 	 	 	 
	 	 	Lenders:	 	 
	 
	 	 	 	 	 	 
	 	 	Wells Fargo Bank, N.A.	 	 
	 
	 	 	 	 	 	 
	 

	 	By
	 	/s/ John Kallina	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Name: John Kallina	 	 
	 

	 	 	 	Title: Senior Vice-President	 	 
	 
	 	 	 	 	 	 
	 	 	Commitment: $22,000,000	 	 

Cardtronics Amendment No. 7

 

 

	 	 	 	 	 	 	 
	 	 	Lenders:	 	 
	 
	 	 	 	 	 	 
	 	 	GENERAL ELECTRIC CAPITAL CORPORATION	 	 
	 
	 	 	 	 	 	 
	 

	 	By
	 	/s/ Jeffrey Skinner	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Name: Jeffrey Skinner	 	 
	 

	 	 	 	Title: Duly Authorized Signatory	 	 
	 
	 	 	 	 	 	 
	 	 	Commitment: $22,000,000	 	 

Cardtronics Amendment No. 7

 

 

	 	 	 	 	 	 	 
	 	 	Lenders:	 	 
	 
	 	 	 	 	 	 
	 	 	AMEGY BANK NATIONAL ASSOCIATION	 	 
	 
	 	 	 	 	 	 
	 

	 	By
	 	/s/ David C. Moriniere	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Name: David C. Moriniere	 	 
	 

	 	 	 	Title: Vice-President	 	 
	 
	 	 	 	 	 	 
	 	 	Commitment: $22,000,000	 	 

Cardtronics Amendment No. 7

 

 

	 	 	 	 	 	 	 
	 	 	Lenders:	 	 
	 
	 	 	 	 	 	 
	 	 	Allied Irish Banks, plc.	 	 
	 
	 	 	 	 	 	 
	 

	 	By
	 	/s/ Gregory J. Wiske	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Name: Gregory J. Wiske	 	 
	 

	 	 	 	Title: Vice President	 	 
	 
	 	 	 	 	 	 
	 

	 	By
	 	/s/ Denise Magyer	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Name: Denise Magyer	 	 
	 

	 	 	 	Title: Vice President	 	 
	 
	 	 	 	 	 	 
	 	 	Commitment: $19,500,000	 	 

Cardtronics Amendment No. 7

 

 

	 	 	 	 	 	 	 
	 	 	Lenders:	 	 
	 
	 	 	 	 	 	 
	 	 	Compass Bank	 	 
	 
	 	 	 	 	 	 
	 

	 	By
	 	/s/ Payton K. Swope	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Name: Payton K. Swope	 	 
	 

	 	 	 	Title: Vice President	 	 
	 
	 	 	 	 	 	 
	 	 	Commitment: $18,500,000	 	 

Cardtronics Amendment No. 7

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