Document:

Form of Patent Ownership Agreement

 Exhibit 10.4 
  
 PATENT OWNERSHIP AGREEMENT AND COVENANT NOT TO SUE 
  
 This Agreement is entered into and made effective as of the ______ day
of _______, 2006, by and between First Data Corporation, a Delaware corporation, having a principal place of business at 6200 S. Quebec Street, Greenwood Village, CO 80111 (hereinafter “First Data”) and The Western Union Company, a
Delaware corporation having a principal place of business at 12500 E. Belford Ave., Englewood, CO 80112 (hereinafter “Western Union”). 
  
 1.0 BACKGROUND 
  
 The parties have entered into the Separation Agreement concurrently herewith, under which they have agreed to their separation into two separately traded
public companies (the “Separation”). The parties desire to provide for ownership and other rights to patents that have previously been owned by the parent company prior to the Separation. Accordingly, the parties agree as follows:

  
 2.0 DEFINITIONS 
  
 The following capitalized terms, whether in singular of plural form, shall
have the meanings set forth below for all purposes of this Agreement: 
  
 “Affiliate” shall mean, when used with reference to a specific Person, any Person that, directly or indirectly, or through one or more intermediaries, owns or controls, is owned or controlled by, or is under common
ownership or common control with, such specific Person. As used herein, “control” means the power to direct the management or affairs of a Person and “ownership” means the beneficial ownership of more than 50% of the voting
equity securities of the Person. 
  
 “Business
Unit” shall mean assets, liabilities and employees of a party that while not necessarily organized as a separate corporation or other legal entity is regarded by the party as a distinct unit for purposes of profit and loss management, or
which is designated for the specific purpose of disposition as an operating entity by a party. 
  
 “Control” shall mean the power to direct the management of an entity, directly or indirectly, whether through the ownership of voting securities, by contract or otherwise; and the terms
“Controlled by” and “under common Control” have meanings correlative to the foregoing. 
  
 “First Data Patents” shall mean (a) those U. S. patents (and any non-U.S. patents corresponding thereto) identified in Exhibit A
attached hereto, (b) any U.S. or non-U.S. patents corresponding to and issuing from those patent applications and invention disclosures identified in Exhibit A, and (c) divisions, continuations, continuations-in-part, re-examinations,
reissues, extensions or renewals of any such U.S. or non-U.S. patents. 
  
 “First Data Controlled Patents” shall mean (a) those U. S. patents (and any non-U.S. patents corresponding thereto) identified in Exhibit B attached hereto, (b) any U.S. or non-U.S. patents corresponding to and
issuing from those patent applications and invention disclosures identified in Exhibit B, and (c) divisions, continuations, continuations-in-part (but 

 
only to the extent claims are supported by the specifications of those patents), re-examinations, reissues, extensions or renewals of any such U.S. or
non-U.S. patents. 
  
 “Separation Agreement”
shall mean the Separation and Distribution Agreement dated ______________, 2006 between the parties. 
  
 “Subsidiary” shall mean (a) a corporation or other legal entity Controlled by a party or (b) a Business Unit. Any such
corporation, other legal entity or Business Unit shall be deemed a Subsidiary of a party only so long as it is Controlled by that party. 
  
 “Western Union Patents” shall mean (a) those U. S. patents (and any non-U.S. patents corresponding thereto) identified in Exhibit C
attached hereto, (b) any U.S. or non-U.S. patents corresponding to and issuing from those patent applications and invention disclosures identified in Exhibit C, and (c) divisions, continuations, continuations-in-part, re-examinations,
reissues, extensions or renewals of any such U.S. or non-U.S. patents. 
  
 “Western Union Controlled Patents” shall mean (a) those U. S. patents (and any non-U.S. patents corresponding thereto) identified in Exhibit D attached hereto, (b) any U.S. or non-U.S. patents corresponding to and
issuing from those patent applications and invention disclosures identified in Exhibit D, and (c) divisions, continuations, continuations-in-part (but only to the extent claims are supported by the specifications of those patents),
re-examinations, reissues, extensions or renewals of any such U.S. or non-U.S. patents. 
  
 3.0 OWNERSHIP OF WESTERN UNION PATENTS AND FIRST DATA PATENTS 
  
 3.1 At the time of Separation, Western Union shall become the sole and exclusive owner of all right, title and interest in the Western Union Patents,
including the right to sue for past infringement. 
  
 3.2 At the
time of Separation, First Data shall continue as the sole and exclusive owner of all right, title and interest in the First Data Patents, including the right to sue for past infringement. 
  
 3.3 The parties agree to file appropriate assignment documents with the U. S. Patent and Trademark Office (and at
appropriate non-U. S. patent offices for corresponding non-U. S. patents) and reasonably cooperate with each other in order to effect and record the ownership of the Western Union Patents and the First Data Patents as provided under this
Section 3.0. The cost of such assignment documents and their filing shall be born by Western Union for the Western Union Patents, and shall be born by First Data for the First Data Patents. 
  

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 4.0 OWNERSHIP OF WESTERN UNION CONTROLLED PATENTS AND FIRST DATA CONTROLLED PATENTS 
  
 4.1 At the time of Separation, Western Union and First Data shall each have,
as joint owners, an undivided interest in and to all right, title and interest in both the Western Union Controlled Patents and the First Data Controlled Patents. 
  
 4.2 The parties agree to file appropriate assignment documents with the U. S. Patent and Trademark Office (and at
appropriate non-U. S. patent offices for corresponding non-U.S. patents) and reasonably cooperate with each other in order to effect and record the joint ownership of the Western Union Controlled Patents and the First Data Controlled Patents as
provided under this Section 4.0. The cost of such assignment documents and their filing shall be born by Western Union for the Western Union Controlled Patents, and shall be born by First Data for the First Data Controlled Patents. It is
understood that the parties may delay the recording of assignment documents in jurisdictions outside of the U.S. for cost, administrative convenience or other reasons, but any such delay in recording shall not operate as a waiver or otherwise affect
the ownership of patents as provided herein. In the event of such delay and if a prompt recording should thereafter become necessary for carrying out any purpose of this Agreement, the parties agree to proceed with such recording in a reasonably
expeditious manner. 
  
 4.3 Western Union and First Data shall
each have, as joint owners, full right to practice the inventions claimed in the Western Union Controlled Patents and the First Data Controlled Patents. The scope of such rights shall be comparable to the scope of rights granted under
Section 5.0 below (and subject to Sections 6.0 and 7.0 below). 
  
 4.4 Western Union shall have the right (in its sole discretion) to transfer its joint ownership interest in the Western Union Controlled Patents, but not the First Data Controlled Patents (subject to Paragraph 9.3). First Data shall have
the right (in its sole discretion) to transfer its joint ownership interest in the First Data Controlled Patents, but not the Western Union Controlled Patents (subject to Paragraph 8.3). 
  
 4.5 Western Union hereby agrees to provide all commercially reasonable cooperation to First Data regarding notification of
significant events in the process of prosecuting the Western Union Controlled Patents. First Data hereby agrees to provide all commercially reasonable cooperation to Western Union regarding notification of significant events in the process of
prosecuting the First Data Controlled Patents. Such commercially reasonable cooperation includes but is not limited to, making inventors who are employed by a party available for review of amendments and signature of documents and providing copies
of documents. 
  

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 5.0 IMMUNITY AS TO WESTERN UNION PATENTS AND FIRST DATA PATENTS 
  
 5.1 Western Union (on behalf of itself and its Subsidiaries) hereby grants to
First Data and its Subsidiaries: 
  
 (a) an
immunity from patent infringement claims, actions and suits based on any act which, if not licensed hereunder, would infringe, contributorily infringe or induce the infringement of any Western Union Patent, and 
  
 (b) pursuant to such immunity, a worldwide, royalty-free,
non-exclusive license under the Western Union Patents to (i) make, have made (including authorizing others to provide to First Data for its own use), use (on behalf of First Data or for the benefit of its customers), have used, sell, offer to
sell, lease, import and otherwise transfer any machine, system, process or product, or any component thereof, (ii) provide and have provided any service, (iii) provide and have provided any software to third parties, and (iv) practice
and have practiced any process or method. 
  
 5.2 First Data (on
behalf of itself and its Subsidiaries) hereby grants to Western Union and its Subsidiaries: 
  
 (a) an immunity from patent infringement claims, actions and suits based on any act which, if not licensed hereunder, would infringe,
contributorily infringe or induce the infringement of any First Data Patent, and 
  
 (b) pursuant to such immunity, a worldwide, royalty-free, non-exclusive license under the First Data Patents to (i) make, have made
(including authorizing others to provide to Western Union for its own use), use (on behalf of First Data or for the benefit of its customers), have used, sell, offer to sell, lease, import and otherwise transfer any machine, system, process or
product, or any component thereof, (ii) provide and have provided any service, (iii) provide and have provided any software to third parties, and (iv) practice and have practiced any process or method. 
  
 5.3 Except as specifically provided otherwise in this Agreement, the immunity
and licenses granted under this Section 5.0 are personal, non-transferable and non-assignable (other than to a successor resulting from an internal corporate reorganization and not related to acquisition of the assigning party by a third
party), and do not include the right to sublicense any other party unless such sublicense is granted to a third party for the exclusive purpose of having products, processes, services, etc. provided to a Party. 
  
 5.4 The immunity and licenses granted under this Section 5.0 extend to
and from Subsidiaries of the parties. Each Subsidiary shall be bound by the terms and conditions of this Agreement as if it were a named party hereto. If at any time a Subsidiary of a party ceases to be a Subsidiary, then (a) any immunity and
licenses to such Subsidiary under the patents of the 

  

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other party shall continue, but only to the business operations of the Subsidiary (and its products and services) existing at the time it ceased to be a
Subsidiary, and (b) any immunity and licenses on behalf of such Subsidiary to the other party shall continue, notwithstanding its ceasing to be a Subsidiary. 
  
 5.5 Nothing in this Section 5.0 shall be deemed an obligation on the part of either party to provide trade secrets,
know-how or any technical information to the other, nor shall be construed as granting by implication, estoppel or otherwise any rights or licenses other than those expressly stated. Subject to either Party’s rights in patents, either Party
shall be free to use any ideas, concepts, or know-how that may be or was learned, exchanged, or developed while Western Union was a subsidiary of First Data without compensation to the other Party insofar as such ideas, concepts and know-how are
retained in the unaided memory of the employees of either Western Union or First Data. 
  
 5.6 Nothing in this Section 5.0 shall be deemed a grant of immunity from any claim, action, or suit other than as specifically provided herein. 
  
 6.0 LICENSING OF WESTERN UNION CONTROLLED PATENTS 
  
 6.1 Western Union shall have the exclusive right (as between itself and First Data) to grant licenses under the Western
Union Controlled Patents. The grant of any such license, and the terms thereof, shall be within the sole discretion of Western Union, but subject to the rights granted to First Data under Sections 4.0 and 8.0. First Data shall have no right to an
accounting by Western Union or to otherwise share in any royalties received by Western Union under any such license. 
  
 6.2 Upon written request of First Data, such request identifying a specific Western Union Controlled Patent and a third party, Western Union shall notify
First Data in writing whether such third party has been granted a license under that Western Union Controlled Patent. 
  
 7.0 LICENSING OF FIRST DATA CONTROLLED PATENTS 
  
 7.1 First Data shall have the exclusive right (as between itself and Western Union) to grant licenses under the First Data Controlled Patents. The grant
of any such license, and the terms thereof, shall be within the sole discretion of First Data, but subject to the rights granted to Western Union under Sections 4.0 and 9.0. Western Union shall have no right to an accounting by First Data or to
otherwise share in any royalties received by First Data under any such license. 
  
 7.2 Upon written request of Western Union, such request identifying a specific First Data Controlled Patent and a third party, First Data shall notify Western Union in writing whether such third party has been granted
a license under that First Data Controlled Patent. 
  

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 8.0 ASSERTION OF WESTERN UNION CONTROLLED PATENTS 
  
 8.1 Western Union, and not First Data, shall have the sole and exclusive
right (in its sole discretion) to assert and bring legal action against others for infringement (including past infringement) of the Western Union Controlled Patents, except under the limited circumstances provided in Paragraph 8.2 below. First Data
agrees to be bound by any decision in such action as to the affected Western Union Controlled Patents. If, notwithstanding the foregoing, First Data is required by law or by the court to be a party to such action, First Data shall waive venue and
permit itself to be joined as a party; however, in this instance, First Data shall not incur any expenses as a joined party. Settlement decisions shall be made, with respect to the Western Union Controlled Patents, by Western Union, unless First
Data has been joined voluntarily as a party. If First Data joined voluntarily as a party, settlement decisions shall be made jointly with the cost of settlement and any benefits being shared between the Parties pursuant to Section 8.2.

  
 8.2 As the only exception to the sole and exclusive right of
Western Union to assert the Western Union Controlled Patents, should legal action be brought against First Data in any jurisdiction claiming infringement by First Data of a patent of a third party issued in the U. S. or any other country, then
First Data may assert any one or more of the Western Union Controlled Patents against such third party for infringement (including past infringement) thereof, by bringing legal action for monetary and equitable relief against such third party with
Western Union’s written consent, which shall not be unreasonably withheld. In determining whether Western Union is acting reasonably, it may take into account all appropriate factors including i) value of the suit; ii) value of the Western
Union Controlled Patent; iii) the presence of a good faith belief of infringement of the patent by the third party’s methods, systems or processes, iv) likelihood of success on the merits; v) the potential harm to Western Union if the Western
Union Controlled Patent were to be invalidated or its claims limited; and vi) the effort and/or expense that First Data would have to incur in order to modify its product or service to avoid infringement. First Data may not grant a license under the
Western Union Controlled Patents in settlement of such action, without the prior written approval and authorization of (and agreed compensation to) Western Union. Under the limited circumstances provided under this Paragraph 8.2, First Data shall
provide written notice of its intent to assert such patents. Such notice shall include (a) the name of the third party, (b) the circumstances (including relevant dates) leading to such assertion, and (c) a summary of all information
known to First Data relating to the infringement by the third party, and shall be delivered to Western Union at least thirty (30) days prior to First Data’s proposed commencement of an infringement action. Any such assertion shall have a
good faith and reasonable basis for claiming infringement by the third party. Western Union shall have the right (to be exercised within ten (10) days after receiving the assertion notice) to have both parties jointly retain counsel (skilled in
patent law and selected by mutual agreement) to assist in determining whether to grant or withhold its consent as provided in this paragraph, with such advice and related discussions to be maintained as privileged and confidential. Such
determination shall be made within thirty (30) days after delivery of the assertion notice from First Data. If Western Union does not respond to the notice within thirty (30) days, First Data may commence the action. 
  

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 Western Union may, at its option, elect to join as a voluntary party to such legal action prior to its
commencement, in which event Western Union shall (a) share equally in the cost (including attorney fees) of such action, (b) have the right to participate (in good faith) in such action with counsel of its own choosing and at its own
expense, (c) be entitled to share equally in all damages that may be awarded (or made in settlement) against the third party on account of the Western Union Controlled Patents after deduction of both parties’ costs (including attorney
fees), and (d) have control over any matters that affect or are likely to affect the validity or enforceability (including future economic value) of the Western Union Controlled Patents, including the future enforceability against such third
party. First Data shall have control over all other matters arising in such action or its settlement (provided any settlement relating to the Western Union share of damages is agreed to by Western Union). 
  
 If Western Union declines to join as a voluntary party to such action prior
to its commencement, it agrees to be bound by any decision in or settlement of such action as to the affected Western Union Controlled Patents. In such event, all costs and expenses of such action shall be borne by First Data, and First Data shall
be entitled to receive all damages that may be awarded (or made in settlement). If notwithstanding the foregoing, Western Union is required by law or by the court to be a party to such action, Western Union shall waive venue and permit itself to be
joined as a party. 
  
 8.3 The rights granted to First Data under
Section 8.2 are personal, non-transferable and non-assignable (other than to a successor resulting from an internal corporate reorganization not related to the acquisition of First Data by a third party). 
  
 9.0 ASSERTION OF FIRST DATA CONTROLLED PATENTS 
  
 9.1 First Data, and not Western Union, shall have the sole and exclusive
right (in its sole discretion) to assert and bring legal action against others for infringement (including past infringement) of the First Data Controlled Patents, except under the limited circumstances provided in Paragraph 9.2 below. Western Union
agrees to be bound by any decision in such action as to the affected First Data Controlled Patents. If, notwithstanding the foregoing, Western Union is required by law or by the court to be a party to such action, Western Union shall waive venue and
permit itself to be joined as a party; however, in this instance Western Union shall not incur any expenses as a joined party. Settlement decisions shall be made, with respect to the First Data Controlled Patents, by First Data, unless Western Union
has been joined as a party. If Western Union joined voluntarily as a party, settlement decisions shall be made jointly, with cost of settlement and any benefits being shared between the Parties pursuant to Section 9.2. 
  
 9.2 As the only exception to the sole and exclusive right of First Data to
assert the First Data Controlled Patents, should legal action be brought against Western Union in any jurisdiction claiming infringement by Western Union of a patent of a third party issued in the U. S. or any other country, then Western Union
may assert any one or more of the First Data Controlled Patents against such third party for infringement (including past infringement) thereof, by bringing legal action for monetary and equitable relief against such third party with First
Data’s written consent, which shall not be unreasonably withheld. In determining whether 

  

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First Data is acting reasonably, it may take into account all appropriate factors including i) value of the suit; ii) value of the First Data Controlled
Patent; iii) the presence of a good faith belief of infringement of the patent by the third party’s methods, systems or processes, iv) likelihood of success on the merits; v) the potential harm to First Data if the First Data Controlled Patent
were to be invalidated or its claims limited; and vi) the effort and/or expense that Western Union would have to incur in order to modify its product or service to avoid infringement Western Union may not grant a license under the First Data
Controlled Patents in settlement of such action, without the prior written approval and authorization of (and agreed compensation to) First Data. Under the limited circumstances provided under this Paragraph 9.2, Western Union shall provide written
notice of its intent to assert such patents. Such notice shall include (a) the name of the third party, (b) the circumstances (including relevant dates) leading to such assertion, and (c) a summary of all information known to Western
Union relating to the infringement by the third party, and shall be delivered to First Data at least thirty (30) days prior to Western Union’s commencement of an infringement action. Any such assertion shall have a good faith and
reasonable basis for claiming infringement by the third party. First Data shall have the right (to be exercised within ten (10) days after receiving the assertion notice) to have both parties jointly retain counsel (skilled in patent law and
selected by mutual agreement) to assist in determining whether to grant or withhold its consent as provided in this paragraph, with such advice and related discussions to be maintained as privileged and confidential. Such determination shall be made
within thirty (30) days after delivery of the assertion notice from Western Union. If First Data does not respond to the notice within thirty (30) days, Western Union may commence the action. 
  
 First Data may, at its option, elect to join as a voluntary party to such
legal action prior to its commencement, in which event First Data shall (a) share equally in the cost (including attorney fees) of such action, (b) have the right to participate (in good faith) in such action with counsel of its own
choosing and at its own expense, (c) be entitled to share equally in all damages that may be awarded (or made in settlement) against the third party on account of the First Data Controlled Patents after deduction of both parties’ costs
(including attorney fees) and (d) have control over any matters that affect or are likely to affect the validity or enforceability (including future economic value) of the First Data Controlled Patents, including the future enforceability
against such third party. Western Union shall have control over all other matters arising in such action or its settlement (provided any settlement relating to the First Data share of damages is agreed to by First Data). 
  
 If First Data declines to join as a voluntary party to such action prior to
its commencement, it agrees to be bound by any decision in or settlement of such action as to the affected First Data Controlled Patents. In such event, all costs and expenses of such action shall be borne by Western Union, and Western Union shall
be entitled to receive all damages that may be awarded (or made in settlement). If notwithstanding the foregoing, First Data is required by law or by the court to be a party to such action, First Data shall waive venue and permit itself to be joined
as a party. 
  
 9.3 The rights granted to Western Union under
Section 9.2 are personal, non-transferable and non-assignable (other than to a successor resulting from an internal corporate reorganization not related to acquisition of Western Union by a third party). 
  

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 10.0 JOINTLY OWNED PATENTS — PROSECUTION AND MAINTENANCE 
  
 10.1 Western Union shall have sole control over and be responsible for the
prosecution and maintenance of the Western Union Controlled Patents (including all costs and expenses in connection therewith). In the event Western Union decides to abandon any Western Union Controlled Patent, it shall use reasonable efforts to
notify First Data in writing at least thirty (30) days prior to such abandonment. Upon such notification, First Data may, at its option, elect to assume full and complete control over and bear all costs in connection with such patent. Upon such
election, Western Union agrees to promptly transfer all of its ownership interest in such patent to First Data, and thereafter such patent shall be deemed a First Data Patent for purposes of this Agreement (with immunity and licenses under such
patent conveyed to Western Union pursuant to Section 5.0 above). 
  
 10.2 First Data shall have sole control over and be responsible for the prosecution and maintenance of the First Data Controlled Patents (including all costs and expenses in connection therewith). In the event First Data decides to abandon
any First Data Controlled Patent, it shall use reasonable efforts to notify Western Union in writing at least thirty (30) days prior to such abandonment. Upon such notification, Western Union may, at its option, elect to assume full and
complete control over and bear all costs in connection with such patent. Upon such election, First Data agrees to promptly transfer all of its ownership interest in such patent to Western Union, and thereafter such patent shall be deemed a Western
Union Patent for purposes of this Agreement (with immunity and licenses under such patent conveyed to First Data pursuant to Section 5.0 above). 
  
 10.3 Upon request, each party will provide to the other a copy of any patent issuing after the date of this Agreement, for which such party has the
responsibility for prosecution and maintenance under this Section 10. Such party shall also permit the other, at its expense, to inspect and make copies of the content of its file wrapper (as it customarily maintains such file, but excluding
any attorney-client privileged material) for any such patent at any time prior to or after issuance. 
  
 10.4 The party having responsibility for prosecution and maintenance under this Section 10.0 shall have sole discretion as to all matters pertaining
to such prosecution and maintenance, and shall have no liability to the other for any action, failure to take action or decision in connection therewith, including for abandonment or for failure to notify the other of abandonment as required in
Paragraphs 10.1 or 10.2. Notwithstanding any other provision in this Agreement, the party not having responsibility for prosecution and maintenance can request in writing the ability to file any divisions, continuations, continuations-in-part,
re-examinations, reissues, extensions or renewals of any such patents controlled by the other party, provided that any such divisions, continuations, continuations-in-part, re-examinations, reissues, extensions or renewals shall meet applicable laws
and regulations governing the filing of such patents. 
  
 10.5
Each party shall provide, upon request of the other, reasonable cooperation (including making inventor-employees reasonably available) to the other as may be required in 

  

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the course of prosecution and enforcement of the Western Union Controlled Patents or the First Data Controlled Patents, at the requesting party’s
expense. 
  
 11.0 LICENSING AND ENFORCEMENT DISCUSSIONS; THIRD
PARTY INFRINGEMENT; INDEMNIFICATION 
  
 11.1 If either party
becomes aware of infringement by a third party of any jointly owned patent controlled by the other party, it shall notify the other party in writing of such infringement. 
  
 11.2 If one party is required by law or by a court to be a party to an action (by virtue of being a joint owner, and after
having elected not to be a party to the action) against a third party brought by the other, such party shall appear as a party to such action and be indemnified by the other party against any costs and expenses (including reasonable attorney fees)
in connection with such action. If one party enforces a patent (and the other party is not a party to such enforcement action), the other party shall be indemnified by the first party against any costs and expenses (including reasonable attorney
fees) in connection with such action. 
  
 12.0 TERM

  
 The term of this Agreement shall be from the date hereof until
the expiration of the last to expire of the Western Union Patents, First Data Patents, Western Union Controlled Patents, and First Data Controlled Patents, with the term as respects each individual Patent expiring on the date that the patent expires
or otherwise becomes abandoned, unenforceable, or invalid. 
  
 13.0 ACQUISITION OF A PARTY 
  
 13.1 In the event
either party is Acquired by a third party (“Buyer”) at any time during the term of this Agreement, then: 
  
 (a) the immunity and licenses granted under Section 5.0 shall continue for both parties, but as to the Acquired party such immunity
and licenses shall extend only to the business operations of the Acquired party (and its products and services) existing at the time of acquisition, and shall not extend to the Buyer as a whole; 
  
 (b) if Western Union is the Acquired party, it shall
transfer, effective upon the date of its acquisition, all of its ownership rights in the First Data Controlled Patents to First Data and such patents shall thereafter be deemed First Data Patents for purposes of this Agreement (including
Section 5.0 above); and 
  
 (c) if First
Data is the Acquired party, it shall transfer, effective upon the date of its acquisition, all of its ownership rights in the Western Union Controlled Patents to Western Union and such patents shall thereafter be deemed Western Union Patents for
purposes of this Agreement (including Section 5.0 above). 
  

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 13.2 Any transfer of ownership pursuant to Paragraph 13.1(b) and 13.1(c) above shall be subject to any
prior licenses granted by the transferor, and such transfer shall not operate to release the transferor from any obligations it has under such prior license or to impose any such obligations on the transferee. 
  
 13.3 For purposes of this Agreement, an entity shall be “Acquired”
if (i) any “person” (as such term is used in Sections 13(d) and 14(d)(2) of the Securities Exchange Act of 1934, as amended) becomes a beneficial owner (or otherwise has the authority to vote), directly or indirectly, securities
representing more than 50% of the total voting power of such entity’s then outstanding voting securities, or (ii) such entity becomes a party to a merger, consolidation or share exchange (other than a re-incorporation or the establishment
of a holding company involving no change in ownership of the entity) and either (x) such entity is not in substance the surviving corporation or (y) as a result of such transaction, such entity’s board of directors is reconstituted so
that a majority of such board of directors consists of individuals who were not directors prior to such transaction. Notwithstanding the foregoing, an entity shall not be deemed “Acquired” in the event of an internal corporate
reorganization not involving a third party. 
  
 14.0 ALLOCATION
OF PATENTS 
  
 It is acknowledged by both parties that
reasonable efforts have been undertaken prior to the Separation to allocate the patents previously owned by their combined businesses, with the allocation based on the overall relevance of individual patents to one party or the other. If, after the
date of this Agreement, either party notifies the other of a reasonable basis for believing that a patent has been improperly allocated to one party (solely owned or controlled by that party) when it should have been allocated to the other, both
parties agree to negotiate in good faith to determine the proper allocation of such patent and to establish any other terms as may be equitable in connection with such patent or its allocation to the proper party. 
  
 15.0 MISCELLANEOUS 
  
 15.1 Confidentiality. Information concerning the First Data Patents
and the Western Union Patents, to the extent it meets the definition of Confidential Information under the Separation Agreement, shall be the Confidential Information of First Data and Western Union, respectively, under the Separation Agreement.
However, nothing herein shall preclude either party from responding to a third party inquiry as to the scope of its licensing or enforcement rights under any patent which is the subject of this Agreement. 
  
 15.2 Headings and Interpretation. Regardless of which Party may have
drafted this Agreement or any part thereof, no rule of strict construction shall be applied against either Party or any of its Affiliates. If any provision of this Agreement is determined by a court of law to be invalid, illegal, or unenforceable
pursuant to a judicial decree or decision, the Parties shall deem the provision to be modified to the extent necessary to allow it to be enforced to the extent permitted by law, or if it cannot be so modified, the provision will be severed and
deleted from this Agreement, and the remainder of this Agreement shall continue to be binding and enforceable according to its terms. In this Agreement: 
  
 (a) references to the singular include references to the plural and words denoting any gender shall include all genders; 
  

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 (b) the headings in this Agreement do not affect its interpretation; 
  
 (c) references to a party to this Agreement include
references to its successors or assigns (immediate or otherwise of that party) as such are appointed in accordance with the terms of this Agreement; 
  
 (d) references to a clause, section, paragraph or Exhibit are to a clause, section, paragraph or Exhibit to this Agreement and references
to this Agreement include the Exhibits; 
  
 (e)
any reference to a document being “in writing” includes any communication made by letter, facsimile transmission or email provided neither party may exercise any rights to terminate this Agreement or any of the services in it or
make any notifications under clause 24 (termination) by email; 
  
 (f) in the event of any conflict or inconsistency between these Terms and Conditions and any of the other Exhibits or other Agreements as referenced herein, these Terms and Conditions shall prevail to the extent of
that conflict or inconsistency unless expressly stated otherwise or agreed by the parties in writing; and, 
  
 (g) any reference, express or implied, to an enactment (which includes any legislation in any jurisdiction) includes references to
(i) that enactment as re-enacted, amended, extended or applied by or under any other enactment (before or after the signature of this Agreement); or (ii) any subordinate legislation made (before or after the signature of this Agreement)
under such enactment. 
  
 (h) Words and
expressions defined in any clause shall, unless the application of any such word or expression is specifically limited to that clause, bear the meaning assigned to such word or expression throughout this Agreement. 
  
 (i) Terms other than those defined within this Agreement and
its exhibits will be given their plain English meaning, and those terms, acronyms, and phrases known in the information technology industry will be interpreted in accordance with their generally accepted meanings. 
  
 (j) Defined terms appearing in this Agreement and its
Schedules in title case shall be given their meaning as defined, while the same terms appearing in lower case shall be interpreted in accordance with their plain English meaning, and shall, unless the context otherwise requires, include the terms as
defined. 
  
 (k) Reference to months or years
shall be construed as calendar months (i.e. one or more of the twelve periods into which a conventional year is divided) or conventional years (i.e. 1 January to 31 December). Reference to “days” shall be construed as calendar days
unless qualified by the word “business”, in which instance a “business day” shall be any day other than a Saturday, Sunday 

  

 12 

 
or public holiday. Any reference to “business hours” shall be construed as being the hours between 08h00 (eight hours) and 17h00 (seventeen hours)
on any business day. Any reference to time shall be based upon Eastern Standard Time. 
  
 (l) Unless specifically otherwise provided, any number of days prescribed shall be determined by excluding the first and including the
last day or, where the last day falls on a Saturday, Sunday or public holiday, the next succeeding business day. 
  
 (m) Where figures are referred to in numerals and in words, and there is any conflict between the two, the words shall prevail, unless the
context indicates a contrary intention. 
  
 (n)
The words “include” and “including” mean “include without limitation” and “including without limitation”. The use of the words “include” and “including” followed by a specific example or
examples shall not be construed as limiting the meaning of the general wording preceding it: the application of the eiusdem generis rule is excluded. 
  
 15.3 Severability. If any provision of this Agreement or any document referred to in it is held to be illegal, invalid or unenforceable by any
court of competent jurisdiction or Governmental Authority in whole or in part this Agreement shall continue to be valid as to its other provisions and the remainder of the affected provision. The parties shall negotiate in good faith to agree to a
substitute provision for any such provision held to be invalid. Any invalidity in one legal jurisdiction shall not affect the validity of any of the provisions of this Agreement in any other legal jurisdiction in which this Agreement may apply or
otherwise take effect. 
  
 15.4 Governing Law. This
Agreement shall be governed by and construed and enforced in accordance with the substantive laws of the State of Delaware and the federal laws of the United States of America applicable therein, as though all acts and omissions related hereto
occurred in Delaware. 
  
 15.5 Notices. All notices or
other communications required to be given hereunder shall be in writing and delivered either personally or by United States Postal Service, facsimile, or electronic mail, and addressed as provided in this Agreement or as otherwise requested by the
receiving party. Notices delivered personally shall be effective upon delivery and notices delivered by mail shall be effective upon their receipt by the party to whom they are addressed. The appropriate addressees are: 
  

			
	For Western Union:	 	For First Data:
		
	Intellectual Property Counsel	 	Intellectual Property Counsel
	12500 E. Belford Ave.	 	6200 S. Quebec Street
	Englewood, CO 80112	 	Greenwood Village, CO 80111
	Fax: (720) 332-0519	 	Fax: (303) 967-5258

  
 (ii) Dispute
Resolution. If the disputing Parties are unable to resolve any Dispute, then such Dispute shall be governed by the Dispute Resolution procedures contained in Article XIII of the Separation Agreement. 
  

 13 

 15.6 Assignment. This Agreement is personal to the Parties and their Affiliates. Neither this
Agreement nor any right or obligation under this Agreement shall be assignable or assumable, without the prior written consent of other Party, which consent may be withheld at the sole discretion of such other Party. 
  
 15.7 Survival. The following provisions of this Agreement will survive
the expiration or any termination of this Agreement: Sections 3 and 11, and any other provision that by its terms or implication is intended to survive. 
  
 15.8 Counterparts. This Agreement may be executed in two or more counterparts, each of which shall be deemed an original, but all of which
together shall constitute one and the same instrument. 
  
 15.9
Entire Agreement. This Agreement (together with any documents referred to herein) contains the entire agreement and understanding of the parties and supersedes all prior agreements, understandings or arrangements (both oral and written)
relating to the subject matter of this Agreement. Each of the parties acknowledges and agrees that: 
  

	 	(i)	it does not enter into this Agreement on the basis of and does not rely, and has not relied, upon any statement, representation, warranty, forecast or other information (in any case
whether oral, written, express or implied) made, given or agreed to by any person (whether negligently or innocently and whether or not made by a party to this Agreement) which is not expressly contained or referred to in this Agreement (a
“Representation”); 

  

	 	(ii)	nothing in this Agreement is intended to provide any representations or warranties, including any relating to ownership or freedom from infringement, as to any of the First Data
Patents, Western Union Patents, First Data Controlled Patents, or Western Union Controlled Patents, or to create any exception to the exclusion of representations and warranties contained in Section 7.1 and 7.2 of the Separation Agreement;

  

	 	(iii)	it shall have no remedy (including any rights to damages or rescission in an action for misrepresentation) for any Representation which was, is or becomes false or misleading;

  

	 	(iv)	the only remedy available in respect of any misleading or false warranty or other term contained in this Agreement shall be a claim for breach of contract under this Agreement

  
 save that nothing in this Agreement shall
exclude or restrict a party’s rights, remedies or liability under the law governing this Agreement in respect of any fraud or fraudulent misrepresentation. 
  

 14 

 IN WITNESS WHEREOF, each of the parties has caused this Agreement to be duly executed on its behalf by
its officers thereunto duly authorized, as of the date and year first written above. 
  

									
	FIRST DATA CORPORATION	 		 	THE WESTERN UNION COMPANY
					
	By:	 	  	 		 	By:	 	  
		 	Name:	 		 		 	Name:
		 	Title:	 		 		 	Title:

  

 15 

 EXHIBIT A 
 FIRST DATA PATENTS 
  

 16 

 EXHIBIT B 
 FIRST DATA CONTROLLED PATENTS 
  

 17 

 EXHIBIT C 
 WESTERN UNION PATENTS 
  

 18 

 EXHIBIT D 
 WESTERN UNION CONTROLLED PATENTS 
  

 19Form of Retail Money Order Issuance and Management Services Agreement

 Exhibit 10.5 
 RETAIL MONEY ORDER ISSUANCE AND MANAGEMENT AGREEMENT 
 By and between 
 INTEGRATED PAYMENT SYSTEMS INC. 
 and 
 WESTERN UNION FINANCIAL SERVICES, INC. 
  

 1 

 SCHEDULES 
  

			
	Schedule 2.1(A)	  	WU Services
	Schedule 2.1(B)	  	Contract Schedule
	Schedule 2.2	  	Payment for WU Services
	Schedule 5.5	  	IPS Services
	Schedule 7.4	  	Equipment

  

 -2- 

 AGREEMENT 
 THIS RETAIL MONEY ORDER ISSUANCE AND MANAGEMENT AGREEMENT (this “Agreement”), dated as of August 14, 2006, by and between Western Union Financial Services, Inc., a Colorado corporation
(“WU”) and Integrated Payment Systems Inc., a Delaware corporation (“IPS”). 
 RECITALS

 WHEREAS, IPS desires to retain WU to manage IPS’ agents that currently issue and sell money orders at retail locations
specified herein and to perform certain data processing and other related services (collectively the “Services”); and 
 WHEREAS, WU desires to perform the Services for IPS, all on the terms and conditions and for the consideration set forth herein. 
 NOW, THEREFORE, for and in consideration of the mutual covenants and agreements hereinafter set forth, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, WU and IPS hereby agree
as follows: 
 ARTICLE I 
 DEFINITIONS 
 1.1. Definitions. In this Agreement, the following terms have the meanings
specified or referred to in this Section 1.1: 
 “Account Manager” has the meaning specified in
Section 2.4(a). 
 “Additional Term” has the meaning specified in Section 9.1(b). 

“Affiliate” means, with respect to any Person, any other Person that directly or indirectly controls, is controlled by or is
under common control with such Person; provided, however, IPS and WU shall not be considered Affiliates of each other for purposes of this Agreement. 
 “Agreement” has the meaning specified in the Preamble. 
 “Business” means sale of Money Orders at locations covered by IPS Agreements. 
 “Business
Day” means any day other than Saturday, Sunday and those legal public holidays specified in 5 U.S.C. §6103(a), as it may be amended from time to time, or any successor provision, on which banking institutions in the city of Denver,
Colorado are open for business. If a payment date under this Agreement is not a Business Day, payment shall be made on the next succeeding Business Day. 
  

 3 

 “Claim Notice” has the meaning specified in Section 10.4(a).

 “Closing Date” has the meaning specified in Article IV. 
 “COBRA” means the provisions set forth in Sections 601 to 608 of ERISA or Section 4980B of the Code. 
 “Code” means the Internal Revenue Code of 1986, as amended. 
 “Confidential Information” has the meaning specified in Section 8.2(d). 
 “Contract Schedule” means Schedule 2.1 (B). 
 “Counterfeit Item” means a paper payment instrument that is a counterfeit of an Item and the MICR line specifications for that counterfeit item match the MICR line specifications for a Money
Order. 
 “Court Order” means any judgment, order, award or decree of any foreign, federal, state, local or other
court or tribunal and any award in any arbitration proceeding. 
 “Distant Executive” has the meaning specified in
Section 11.13(b). 
 “Employee” has the meaning specified in Section 8.3. 
 “Event of Default” has the meaning specified in Section 9.3(a). 
 “Expenses” means any and all expenses incurred in connection with investigating, defending or asserting any claim, action, suit
or proceeding incident to any matter indemnified against hereunder (including, without limitation, court filing fees, court costs, arbitration fees or costs, witness fees, and reasonable fees and disbursements of legal counsel, investigators, expert
witnesses, consultants, accountants and other professionals). 
 “Force Majeure” means any cause beyond the control
of a party that such party is unable to overcome by the exercise of reasonable diligence, which may include fire; flood; explosion; war; strike; embargo; government regulation; civil or military authority; act of God; acts or omissions of carriers;
or other similar causes. 
 “Governmental Body” means any foreign, federal, state, local or other governmental
authority or regulatory body. 
 “Governmental Permits” has the meaning specified in Section 5.4.

 “Indemnified Party” has the meaning specified in Section 10.4(a). 
 “Indemnifying Party” has the meaning specified in Section 10.4(a). 
  

 4 

 “Initial Term” has the meaning specified in Section 9.1(a).

 “IPS” has the meaning specified in the Preamble. In addition, with respect to business conducted in Canada, the
term “IPS” shall include the Integrated Payment Systems Canada Inc., a Canadian corporation, which is a wholly-owned subsidiary of Integrated Payment Systems Inc. 
 “IPS Agreements” means the contracts listed on Schedule 2.1 (B), including any renewals thereof, and the contracts
executed pursuant to Schedule 2.1 (A), Section 1 (b) hereof. 
 “IPS Client” means, in the case of
each IPS Agreement, the party other than IPS and WU to such IPS Agreement. 
 “IPS Group Member” means IPS and its
Affiliates and their respective successors and assigns. 
 “Issue Statements” has the meaning specified in
Section 11.13(a). 
 “Item” means a Money Order. 
 “Legal Requirements” means all federal, state and local laws, regulations and judicial and administrative decisions and
interpretations applicable to the Business. 
 “Losses” means any and all losses, costs, obligations, liabilities,
settlement payments, awards, judgments, fines, penalties, damages, expenses, deficiencies or other charges. 
 “Money
Order” means a paper payment instrument that is named and denominated as a money order and that is sold pursuant to an IPS Agreement to a purchaser for the purpose of the purchaser’s effecting a payment to a third party. The term
“Money Order” also includes a paper payment instrument that is issued directly by IPS, provided that the issuance of such instrument falls within one of the product codes listed on Schedule 2.1 (B). The term “Money Order”
also includes refund checks issued by WU for IPS as further described on Schedule 2.1 (A). 
 “Notice of
Default” has the meaning specified in Section 9.3(b). 
 “Party” means IPS or WU.

 “Patent License” has the meaning specified in Section 8.6. 
 “Person” means any individual, corporation, partnership, joint venture, limited liability company, association, joint-stock
company, trust, unincorporated organization or Governmental Body. 
 “POS Equipment” has the meaning specified in
Section 7.4. 
 “Service Fees” has the meaning specified in Section 2.2(a). 
  

 5 

 “Senior Executives” has the meaning specified in Section 11.13(a).

 “Tax” (and with correlative meaning, “Taxes”) means: (i) any federal, state, local or
foreign net income, gross income, gross receipts, windfall profit, severance, property, production, sales, use, license, excise, franchise, employment, payroll, withholding, alternative or add-on minimum, ad valorem, value-added, transfer, stamp or
environmental (including taxes under Code Section 59A) tax, or any other tax custom, duty or other like assessment or charge of any kind whatsoever, together with any interest or any penalty; and (ii) any liability for the payment of
amounts with respect to payments of a type described in clause (i) as a result of being a member of an affiliated, consolidated, combined or unitary group, or as a result of any obligation under any Tax sharing arrangement or Tax indemnity
arrangement. 
 “Term” has the meaning specified in Section 9.1(b). 
 “Trade Secrets” means confidential ideas, trade secrets, know-how, concepts, methods, processes, practices, formulae, reports,
data, customer lists, mailing lists, business plans or other proprietary information. 
 “Transaction Tax” has the
meaning specified in Section 8.1. 
 “User Manual has the meaning specified in Schedule 5.5.

 “WU” has the meaning specified in the Preamble. In addition, with respect to business conducted in Canada, the
term “WU” shall include the Western Union Financial Services (Canada), Inc., an Ontario corporation, which is a wholly-owned subsidiary of Western Union Financial Services, Inc. 
 “WU Agreement” has the meaning specified in Section 7.3. 
 “WU Group Member” means WU and its Affiliates and their respective successors and assigns. 
 “WU Services” has the meaning specified in Section 2.1(a). 
 “WU Statement” has the meaning specified in Section 2.2 (b). 
 “WU Service Location” means 12500 East Belford Avenue, Englewood, Colorado 80112, or as otherwise permitted in accordance with
Section 2.6. 
 1.2. Interpretation. (a) In this Agreement, unless the context clearly indicates
otherwise: 
 (i) words used in the singular include the plural and words in the plural include the singular; 
 (ii) reference to any Person includes such Person’s successors and assigns but, if applicable, only if such successors and assigns
are permitted by this Agreement; 
  

 6 

 (iii) reference to any gender includes the other gender; 
 (iv) the word “including” means “including but not limited to” or “including without limitation”;

 (v) reference to any Article, Section, Exhibit or Schedule means such Article or Section of, or such Exhibit or Schedule
to, this Agreement, as the case may be, and references in any Section or definition to any clause means such clause of such Section or definition; 
 (vi) the words “herein,” “hereunder,” “hereof,” “hereto” and words of similar import shall be deemed references to this Agreement as a whole and not to any particular Section or
other provision hereof; 
 (vii) reference to any agreement, instrument or other document means such agreement, instrument or
other document as amended, supplemented and modified from time to time to the extent permitted by the provisions thereof and by this Agreement; 
 (viii) reference to any statute means such statute (including all rules and regulations promulgated thereunder) as amended from time to time and includes any successor legislation thereto; 
 (ix) relative to the determination of any period of time, “from” means “from and including,” “to” means
“to but excluding” and “through” means “through and including”; 
 (x) in the event of any
conflict between the provisions of the body of this Agreement and the Exhibits or Schedules hereto, the provisions of the body of this Agreement shall control; and 
 (xi) the titles to Articles and headings of Sections contained in this Agreement have been inserted for convenience of reference only and
shall not be deemed to be a part of or to affect the meaning or interpretation of this Agreement. 
 (b) This Agreement was negotiated by the
Parties with the benefit of legal representation, and any rule of construction or interpretation otherwise requiring this Agreement to be construed or interpreted against either Party shall not apply to any construction or interpretation hereof.
Subject to Section 11.10, this Agreement shall be interpreted and construed to the maximum extent possible so as to uphold the enforceability of each of the terms and provisions hereof, it being understood and acknowledged that this
Agreement was entered into by the Parties after substantial negotiations and with full awareness by the Parties of the terms and provisions hereof and the consequences thereof. 
  

 7 

 ARTICLE II 
 SERVICES 
 2.1. WU Services. (a) Subject to the terms and conditions stated
herein, commencing on the Closing Date and continuing throughout the Term, WU shall provide (or cause one of its Affiliates to provide) the services set forth on Schedule 2.1(A) (collectively, the “WU Services”), in
accordance with the procedures and standards set forth on Schedule 2.1(A) and in the User Manuals, for each Money Order issued during the Term hereof. 
 (b) In the event that WU wishes to designate a WU Affiliate or a third party to perform any of the WU Services, WU shall be permitted to do so so long as the transferred WU Services are performed in compliance with
this Agreement. WU shall remain responsible and liable for all WU Services provided hereunder, whether performed by WU, by a WU Affiliate or by a third party. 
 (c) Except as expressly provided herein, no interest whatsoever in any IPS Agreement is or will be transferred to WU under this Agreement. All payments to be made to IPS under the IPS Agreements, whether by IPS
Clients or otherwise, shall continue to be for the account of IPS, and the only remuneration of, or financial benefit to WU with respect to the IPS Agreements shall be the fees for the WU Services as set forth on Schedule 2.2. 
 (d) In performing the WU Services, WU may make no use of the names or trademarks of IPS or any of its Affiliates, except as is essential in order to
perform the WU Services in accordance with Schedule 2.1(A). 
 2.2. Payment for WU Services. In consideration for
providing the WU Services to IPS, IPS shall pay WU the fees (the “Service Fees”) set forth on Schedule 2.2. 
 2.3. Quality of WU Services. (a) WU shall provide the WU Services to IPS in accordance with the User Manuals, in substantially the same manner as WU performs such aspect for itself and in compliance with all Legal
Requirements applicable to the Business and to WU as the provider of the WU Services. 
 (b) The data and information submitted by WU to IPS
shall be accurate and complete, and WU shall be responsible for any errors in and with respect to the data and information submitted to IPS; provided, however, WU shall not be responsible for, and shall not be required to indemnify IPS
with respect to, incomplete, inaccurate or erroneous data or information to the extent such inaccuracy, incompleteness or error results from any inaccuracy, incompleteness or error in the data received by WU from IPS. To the extent WU is responsible
for the inaccuracy, incompleteness or error, WU shall promptly correct such errors or inaccuracies in the data or information prepared by WU and submitted to IPS, but such correction shall not limit WU’s indemnification obligations under
Article X. 
 (c) WU shall provide access to the WU Service Locations to such auditors, internal and external, and inspectors as IPS
or any regulatory authority may designate. Audits by regulatory authorities will occur on such occasions as the regulatory authority requires and with 
  

 8 

 such notice as the regulatory authority permits. Such auditors and inspectors will be required to sign appropriate
confidentiality agreements and will be escorted by WU personnel while performing any audits or inspections (to the extent permitted by the regulatory authority, in the case of audits required by regulatory authorities). All audits or inspections of
the WU Service Locations and the WU Services that are required by IPS or by a regulatory authority having jurisdiction over IPS will be at the expense of IPS. WU shall provide such auditors and inspectors any assistance that they may reasonably
require. IPS shall not be required to reimburse WU for the costs or time of the WU employees providing such assistance or related overhead. If any audit by an auditor designated by IPS or a regulatory authority having jurisdiction over IPS or WU
results in WU being notified that it is not in compliance with any relevant and generally accepted accounting principle or other audit requirement relating to the WU Services, then: 
 (i) if the non-compliance was in existence prior to the date of this Agreement, WU will make such change at WU’s own expense; or

 (ii) if the non-compliance arose after the date of this Agreement and the change is requested by IPS in order to comply
with its auditors or regulators, WU shall make the change at IPS’ expense and any incremental recurring costs related to such change shall be at IPS’ expense; provided, however, that if WU would otherwise be required to make
such change if it were the issuer of Money Orders hereunder, WU shall make the change at its own expense and WU shall bear any incremental recurring costs related to such change. 
 In the event of a dispute between WU and IPS relating to a notification of non-compliance received by WU from an auditor or regulatory authority, WU and IPS shall resolve such dispute in accordance with the procedures
described in Section 11.13. 
 2.4. WU Personnel. WU shall designate an individual who shall be responsible
for implementing the WU Services (“Account Manager”). 
 2.5. Location of WU Services. The WU Services shall
be performed by WU at the WU Service Locations. WU may change any WU Service Location to a location where WU performs the same services for a majority of money orders processed by WU (including, but not limited to, Items). If a location is to be
changed, WU will provide IPS thirty (30) calendar days’ prior notice. If required by law or IPS’ regulators, WU must obtain IPS’ prior written consent to change any WU Service location, which consent will not be unreasonably
withheld. 
 2.6. Safety and Security Standards. As part of the WU Services, WU shall maintain and enforce at the WU
Service Locations such safety and security procedures as are required to meet the applicable regulatory standards. The safety and security procedures shall protect the data and information of IPS and its customers from unauthorized access. In the
event WU suffers a data security breach with respect to any of IPS’ data, WU shall promptly notify IPS of such event. 
  

 9 

 2.7. Effect of Non-Performance of Either Party. In the event that either Party fails
to timely perform any task assigned to it pursuant to this Agreement, the other Party shall be excused from performing any subsequent task therein that is dependent upon, and cannot be performed in the ordinary course of the provision of the WU
Services without, the performance of the non-performed task, until the non-performed task is performed, and the time period for performing such subsequent task shall commence only when the non-performed task is completed in accordance therewith. The
excuse from performance provided in this Section 2.7 does not limit any remedy otherwise available to the Party so excused, including the right of the Party so excused to perform the non-performed task if practicable. 
 ARTICLE III 
 MANAGEMENT OF THE
IPS CLIENTS 
 3.1 IPS Agreements. Certain provisions relating to IPS Agreements are set forth in Schedule 2.1
(A). 
 3.2 Limitations on WU’s Obligations. Certain limitations on WU’s obligations as manager of the Business
are set forth in Schedule 2.1 (A). 
 ARTICLE IV 
 CLOSING 
 The closing shall occur by mutual agreement of the Parties as evidenced by the
execution of a certificate specifying the date of the closing (sometimes referred to herein as the “Closing Date”) by each of the Parties. 
 ARTICLE V 
 REPRESENTATIONS AND WARRANTIES OF IPS 
 As an inducement to WU to enter into this Agreement and to consummate the transactions contemplated hereby, IPS represents and warrants to WU and agrees
as follows: 
 5.1. Organization of IPS. IPS is a corporation duly organized, validly existing and in good standing under
the laws of the State of Delaware. IPS has full corporate power and authority to own, operate and use the assets used in connection with the Business and to carry on the Business as now conducted. 
 5.2. Authority of IPS. IPS has full corporate power and authority to execute, deliver and perform this Agreement. The execution,
delivery and performance of this Agreement by IPS have been duly authorized and approved by IPS and do not require any further authorization or consent of IPS or its stockholder. This Agreement has been duly executed and delivered by IPS and is the
legal, valid and binding obligation of IPS enforceable in accordance with its terms. 
  

 10 

 5.3. Contract Schedule. The IPS Agreements referenced on the Contract Schedule are
all of the agreements, contracts or understandings that have been entered into by IPS and are currently in force with sellers of Money Orders or pursuant to which Money Orders are sold. 
 5.4 Governmental Permits. IPS owns, holds or possesses all licenses, franchises, permits, privileges, immunities, approvals and other
authorizations from a Governmental Body that are necessary to entitle it to own or lease, operate and use the assets used in connection with the Business and to carry on and conduct the Business substantially as currently conducted (collectively,
the “Governmental Permits”), except for such Governmental Permits as to which the failure to so own, hold or possess would not have a material adverse effect on the Business. 
 5.5 Capacity. IPS has, and will maintain throughout the Term, the operational capacity and resources necessary to perform the
services as set forth on Schedule 5.5. 
 ARTICLE VI 
 REPRESENTATIONS AND WARRANTIES OF WU 
 As an inducement to IPS to enter
into this Agreement and to consummate the transactions contemplated hereby, WU hereby represents and warrants to IPS and agrees as follows: 
 6.1. Organization of WU. WU is a corporation duly organized, validly existing and in good standing under the laws of the State of Colorado. WU has full corporate power and authority to provide the WU Services and to
own, operate and use its properties and assets and to carry on its business as now conducted. 
 6.2. Authority of WU.
WU has full corporate power and authority to execute, deliver and perform this Agreement. The execution, delivery and performance of this Agreement by WU have been duly authorized and approved by WU and do not require any further authorization or
consent of WU or its stockholder. This Agreement has been duly executed and delivered by WU and is the legal, valid and binding agreement of WU enforceable in accordance with its terms. 
 6.3. Capacity and Governmental Permits. WU has, and will maintain throughout the Term, the operational capacity and resources
necessary to perform the WU Services in accordance with this Agreement. WU owns, holds or possesses all licenses, franchises, permits, privileges, immunities, approvals and other authorizations from Governmental Bodies that are necessary for it to
perform the WU Services in accordance with this Agreement. 
  

 11 

 ARTICLE VII 
 CERTAIN CONTRACT AND TRANSITION RELATED PROVISIONS 
 7.1 Contract Provisions.
Certain provisions relating to agreements with selling agents are set forth in Schedule 2.1 (A). 
 7.2 Termination of
Certain IPS Contractual Provisions. Certain provisions relating to agreements with IPS Clients are set forth in Schedule 2.1 (A). 
 7.3 Transition Efforts. (a) If WU decides to issue WU branded money orders under its own licenses or to issue money orders under another third party’s licenses, IPS agrees that it will, in good faith, negotiate with
WU a transition services agreement to provide WU with the types of services that IPS is providing under this Agreement as listed in Schedule 5.5 for a reasonable period of time in order to allow WU to make a smooth transition to the sale of
such other money order service. 
 (b) After the third anniversary of the Closing Date, IPS shall have the right to require WU to agree to
either (i) issue Money Orders under its own licenses (or make arrangements with another third party to issue Money Orders) and perform the obligations of the issuer of Money Orders under any IPS Agreements after the last day of the Initial
Term; or (ii) cease entering into IPS Agreements that extend beyond the last day of the Initial Term. 
 7.4 Equipment.
Point of Sale equipment, software and other equipment used in connection with the Business (collectively, all such items are referred to herein as “POS Equipment”) shall be maintained by WU. POS Equipment shall be provided to WU and
the IPS Client in accordance with Schedule 7.4. 
 7.5 Abandoned Property Software, Documentation and System. The
abandoned property software, documentation and system utilized in the Business shall be provided to WU in accordance with Schedule 5.5. 
 ARTICLE VIII 
 ADDITIONAL AGREEMENTS 
 8.1. Taxes. For purposes of this Section 8.1, “Transaction Tax” shall mean any federal, state or local gross
receipts, sales or use tax or other like assessment or charge. The recipient of any services rendered pursuant to this Agreement shall be responsible for any Transaction Taxes levied or imposed on the provision of such services. 
 8.2. Proprietary and Confidential Information. (a) Except as specifically provided in this Agreement, neither Party shall use
or disclose to any third party any Confidential Information of the other Party; provided, however, that information shall not be regarded as 
  

 12 

 Confidential Information if it (i) is or becomes generally available to the public other than as a result of a
disclosure by one of the Parties or any of its Affiliates, as the case may be; (ii) is or becomes known or available to one of the Parties or its respective Affiliates, as the case may be, on a non-confidential basis from a source who, insofar
as is known to such Party, is not prohibited from transmitting the information to such Party or its Affiliates by a contractual, legal or fiduciary obligation; or (iii) is or was developed by a Party or any of its Affiliates without the use of
any Confidential Information from the other Party or any of its Affiliates. All Confidential Information shall be held in confidence by the Parties to the same extent and in at least the same manner as the Parties protect their own confidential or
proprietary information. 
 (b) Each Party shall be permitted to disclose relevant aspects of the other Party’s Confidential Information
to its officers, agents and employees and to the officers, agents and employees of its Affiliates to the extent that such disclosure is reasonably necessary for the performance of its duties and obligations under this Agreement; provided,
that such Party shall take all reasonable measures to ensure that Confidential Information of the other Party is not disclosed or duplicated in contravention of this Agreement by such officers, agents and employees. In addition, WU may use IPS’
Confidential Information regarding IPS Clients for the purposes contemplated by Schedule 2.1 (A), Section 1 (b); provided, that such use is not in contravention of any agreement between IPS and the applicable IPS Client or such use is
not prohibited by law. 
 (c) The obligations in this Section 8.2 shall not restrict any disclosure by either Party pursuant to
any applicable law or by order of any court or government agency (provided that the disclosing Party shall give prompt notice to the non-disclosing Party of such order). 
 (d) As used in this Agreement, the term “Confidential Information” shall mean (i) with respect to IPS, all information, data and materials relating to the customers, business and affairs of IPS
provided to, disclosed or received by WU from any source in connection with this Agreement or WU’s performance of the WU Services, including any Trade Secrets and the terms of any IPS Agreement, (ii) with respect to WU, all information,
data and materials relating to the customers, business and affairs of WU provided to, disclosed or received by IPS from any source in connection with this Agreement, including any Trade Secrets and the terms of any WU Agreement and (iii) the
terms of this Agreement. 
 (e) Notwithstanding the foregoing, WU shall be entitled to use Confidential Information of IPS after the
termination of this Agreement to the extent use of such information is necessary in connection with its continuation of the Business after the termination of this Agreement. 
 8.3. Employees and Employee Benefit Plans. (a) Other than as WU may otherwise agree in its discretion by separate agreement in
connection with its spin off from First Data Corp., no person who is or who has been an employee of IPS (an “Employee”) shall transfer employment to WU or any of its Affiliates in connection with WU’s provision of WU Services
pursuant to this Agreement. Nothing contained in this Agreement shall obligate WU to employ any persons who are or who have been Employees. IPS shall retain the sole 
  

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 responsibility, in connection with the Employees’ employment by IPS and its Affiliates, for all matters relating to
the maintenance of personnel and payroll records, the withholding and payment of federal, state and local income and payroll Taxes, the payment of workers’ compensation and unemployment compensation insurance, salaries, wages and pension,
welfare and other fringe benefits, including any severance and/or pay-out of accrued vacation pay which may be triggered as a result of any termination of employment (including all severance and vacation pay liabilities incurred on or prior to the
Closing Date) and the conduct of all other matters relating to labor relations, including compliance with IPS’ obligations under any applicable collective bargaining agreements and all negotiations and communications with any union. IPS shall
retain liability for compliance with all applicable labor and employment laws relating to the Employees in connection with their employment by IPS or any of its Affiliates. IPS shall retain the obligation and liability for any workers’
compensation or similar workers’ protection claims with respect to any Employee in connection with the Employee’s employment by IPS or its Affiliates. 
 (b) IPS shall retain all liabilities under its employee benefits plans, programs, agreements and arrangements, in connection with each Employee’s employment by IPS and its Affiliates, including (a) any
liabilities relating to any noncompliance with applicable laws, including COBRA, and (b) any liabilities which arise as a result of IPS’ joint and several liability through its relationship with an Affiliate. IPS shall be solely
responsible to provide continuation coverage under COBRA and other any applicable law to any Employee or beneficiary of any Employee who is entitled to such continuation coverage in connection with the Employee’s employment by IPS and its
Affiliates. 
 8.4. Insurance. During the Term, WU shall maintain the adequate and customary insurance coverages for the
conduct of the Business. WU shall add IPS to the Commercial General Liability policy as an additional insured. WU shall provide IPS with a certificate of such coverage prior to the date of this Agreement. WU shall provide to IPS at least thirty
(30) days prior written notice of any cancellation, modification or alteration affecting the coverage. 
 8.5. Independent
Contractor Status. Nothing in this Agreement shall be deemed to create a partnership, joint venture or agency relationship between the Parties. WU shall render and perform the WU Services as an independent contractor in accordance with its
own standards, subject to its compliance with the provisions of this Agreement and with all applicable laws, ordinances and regulations. 
 8.6. License to Use IPS Patent License. As further described in Schedule 2.1 (A), IPS has granted WU a license to use an IPS patent license. 
 8.7. Legal Requirements. During the Term, (i) IPS agrees to conduct the Business in compliance with the Legal Requirements (but
such agreement shall not limit WU’s obligation to perform the WU Services in accordance herewith), and (ii) WU agrees to perform the WU Services in compliance with all Legal Requirements applicable to the Business and to WU as the provider
of the WU Services. 
  

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 ARTICLE IX 
 TERM AND TERMINATION 
 9.1. Term. (a) Subject to any early
termination provided for in this Agreement, the term of the provision of WU Services under this Agreement begin on the effective date hereof and shall continue for a period of 5 years (the “Initial Term”). 
 (b) At any time after the first anniversary of the Closing Date, WU may request any extension of this Agreement for an additional term. If the parties
are able to mutually agree to the terms of such extension (including without limitation, the length of the extension and pricing), the provision of WU Services under this Agreement may be extended for an additional term (the “Additional
Term” and, together with the Initial Term, the “Term”). 
 (c) The provisions related to IPS’ payment for WU
Services shall survive the termination of this Agreement and IPS shall continue to pay WU for the WU Services until all Money Orders have either been paid or escheated. In the event a Money Order is not subject to escheatment, the provisions related
to IPS’ payment for WU Services with respect to such Money Order shall survive the termination of this Agreement and IPS shall continue to pay WU for the WU Services until such Money Order is either paid or, if not paid, until seven years after
the date of issuance of such Money Order. 
 (d) If on the last day of the Initial Term, IPS continues to have obligations under the IPS
Agreements that have not been assumed by WU, then IPS and WU agree to extend the term of this Agreement until all such obligations have been satisfied; provided, however, that during such extended Term, WU shall not be authorized to further extend
the term of any IPS Agreement without the written consent of IPS. 
 9.2. Termination. The provision of WU Services
under this Agreement may be terminated pursuant to Section 9.3 or at any time by the mutual written consent of WU and IPS. 
 9.3. Events of Default. (a) The occurrence of any of the following events (each, an “Event of Default”) shall constitute an Event of Default under this Agreement: 
 (i) Payment of Obligations under this Agreement. The failure by either Party to make any payment to the other when such payment is
due and owing pursuant to the terms and conditions of this Agreement. 
 (ii) Failure to Perform. The failure of either
Party to perform any material term, covenant, or agreement contained in this Agreement. 
 (iii) Breach of Representation
or Warranty. Any representation or warranty of either Party made in this Agreement or in any document or instrument delivered pursuant to or in connection with this Agreement shall prove to have been false in any material respect upon the date
when made. 
  

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 (iv) Insolvency, Bankruptcy, Etc. 
 (A) If either Party shall make an assignment for the benefit of creditors, or shall admit in writing its inability to pay or shall
generally fail to pay its debts as they mature or become due, or shall petition or apply for the appointment of a trustee or other custodian, liquidator or receiver of such Party or of any substantial part of the assets of such Party or shall
commence any case or other proceeding relating to such Party under any bankruptcy, reorganization, insolvency, readjustment of debt, dissolution or liquidation or similar law of any jurisdiction, now or hereafter in effect, or shall take any action
to authorize or in furtherance of any of the foregoing, or any such petition or application shall be filed or any such case or other proceeding shall be commenced against such Party and such Party shall indicate its approval thereof, consent
thereto, or acquiescence therein. 
 (B) If a decree or order shall be entered appointing any such trustee, custodian,
liquidator or receiver, or adjudicating either Party bankrupt or insolvent, or approving a petition in any such case or other proceeding, or a decree or order for relief shall be entered in respect of such Party in an involuntary case under Federal
bankruptcy laws as now or hereafter in effect. 
 (b) If any Event of Default shall have occurred, the non-defaulting Party shall notify the
defaulting Party in writing (the “Notice of Default”) of such Event of Default. If such Event of Default has not been cured or waived in writing within thirty (30) calendar days of the date of the Notice of Default, the
non-defaulting Party may, in its discretion, immediately terminate the provision of WU Services under this Agreement; provided, however, that if the Event of Default is a payment default pursuant to Section 9.3(a)(i), the
period for curing such default shall be reduced to ten (10) calendar days. The foregoing right to terminate is not intended to be exclusive of any other remedy given hereunder or now or hereafter existing at law or in equity or by statute or
any other provision of law. 
 9.4. Effect of Termination. Except as expressly provided herein, the termination of the
provision of WU Services under this Agreement shall not affect any other provisions of this Agreement. Termination of the provision of WU Services under this Agreement shall not limit either Party’s obligations for breach of this Agreement
prior to termination or for the payment of amounts due that were incurred prior to such termination. 
 ARTICLE X 
 INDEMNIFICATION AND LIMITATION ON LIABILITY 
 10.1. Indemnification by IPS. (a) IPS agrees to indemnify and hold harmless each WU Group Member from and against any and all Losses and Expenses incurred by such WU Group Member in
connection with or arising from: 
 (i) any breach by IPS of any of its covenants in this Agreement; 
  

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 (ii) any failure of IPS to perform any of its obligations in this Agreement; 

(iii) any breach of any warranty or the inaccuracy of any representation of IPS contained or referred to in this Agreement; or

 (iv) the grossly negligent, intentionally wrongful or fraudulent acts of IPS or its employees, agents or representatives.

 (b) Limitation on Indemnification by IPS. Subject to Section 10.4(b), the indemnification by IPS provided for in
Section 10.1(a) shall terminate one (1) year after the expiration of the Initial Term (and no claims shall be made by a WU Group Member thereafter); provided, however, indemnification by IPS shall continue as to:

 (i) the covenants of IPS set forth in Sections 8.1, 8.2 and 8.3, as to all of which no time
limitation shall apply; 
 (ii) any Losses or Expenses of which any WU Group Member has notified IPS in accordance with the
requirements of Section 10.4 on or prior to the date such indemnification would otherwise terminate in accordance with this Section 10.1(b), as to which the obligation of IPS shall continue until the liability of IPS shall
have been determined pursuant to this Article X, and IPS shall have reimbursed all WU Group Members for the full amount of such Losses and Expenses for which IPS is liable in accordance with this Article X; 
 (iii) claims relating to or arising out of the WU Services provided in the Additional Term or during the term of any extension of the
term of this Agreement pursuant to Section 9.1 (d); provided, however, that the indemnification provided for in this subsection (iii) shall terminate one (1) year after the expiration of the Additional Term
or the expiration of the term of any extension of the term of this Agreement pursuant to Section 9.1 (d), as the case may be; 
 (iv) claims relating to or arising out of the failure of IPS to pay WU for the WU Services; and 
 (v) claims related to payment for WU Services as set forth in Section 9.1. 
 IPS’ indemnification obligations provided for in this
Agreement shall be further limited as follows: 
 (A) No Consequential Damages. In no event shall IPS or any of its
Affiliates be liable for any consequential damages under or in connection with this Agreement, which are hereby excluded by agreement of the Parties regardless of whether IPS or any of its Affiliates has been advised, or could have foreseen, of the
possibility of such damages; provided, however, that the foregoing exclusion shall not apply to (1) consequential damages incurred by any WU Group Member as a result of the violation by IPS of the covenants in
Section 8.2, or (2) in the case of consequential damages recovered from a WU Group Member by a third party. The foregoing represents an express allocation of risk between the Parties. 
  

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 (B) Notwithstanding anything in this Agreement to the contrary, IPS shall in no event be
liable or responsible for its failure to carry out any of its obligations under this Agreement, if and to the extent such failure is caused by Force Majeure. If performance by IPS is delayed by more than thirty (30) days by Force Majeure, WU
may terminate this Agreement by notice to IPS which termination right, if exercised by WU, shall be WU’s sole remedy for IPS’ failure to provide IPS Services by reason of any Force Majeure. Notwithstanding anything in this paragraph,
nothing shall limit any claims by WU unrelated to the Force Majeure event. 
 (C) Disclaimer of Warranties. Except as
expressly set forth in this Agreement, IPS does not make any representation or warranty whatsoever, express or implied, including, but not limited to, any representation or warranty as to IPS Services (including with respect to the nature, quantity
or quality thereof) to be provided hereunder. 
 (D) Notwithstanding anything contained in this Agreement to the contrary,
IPS’ aggregate liability for indemnification pursuant to this Section 10.1 shall in no event exceed $5 million. 
 10.2. Indemnification by WU. (a) WU agrees to indemnify and hold harmless each IPS Group Member from and against any and all Losses and Expenses incurred by such IPS Group Member in connection with or
arising from: 
 (i) any breach by WU of any of its covenants or agreements in this Agreement; 
 (ii) any failure by WU to perform any of its obligations in this Agreement including its obligations to perform the WU Services in
accordance with Schedule 2.1(A); 
 (iii) any breach of any warranty or the inaccuracy of any representation of WU
contained or referred to in this Agreement; 
 (iv) the grossly negligent, intentionally wrongful or fraudulent acts of WU or
its employees, agents or representatives; 
 (v) any Counterfeit Item that is presented to IPS for payment during the Term
with respect to which action was required to be taken by WU pursuant to Schedule 2.1(A) and WU failed to take such action; or 
 (vi) any acts of IPS Clients. 
  

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 (b) Limitation on Indemnification by WU. Subject to Section 10.4(b), the
indemnification by WU provided for in Section 10.2(a) shall terminate one (1) year after the expiration of the Initial Term (and no claims shall be made by an IPS Group Member thereafter), provided, however,
indemnification by WU shall continue as to: 
 (i) the covenants of WU set forth in Sections 8.1, 8.2, and
8.3, as to all of which no time limitation shall apply; 
 (ii) any Losses or Expenses of which IPS has notified WU in
accordance with the requirements of Section 10.4 on or prior to the date such indemnification would otherwise terminate in accordance with this Section 10.2(b), as to which the obligation of WU shall continue until the
liability of WU shall have been determined pursuant to this Article X, and WU shall have reimbursed all IPS Group Members for the full amount of such Losses and Expenses for which WU is liable in accordance with this
Article X; and 
 (iii) claims relating to or arising out of the WU Services provided in the Additional Term or
during the term of any extension of the term of this Agreement pursuant to Section 9.1 (d); provided, however, that the indemnification provided for in this subsection (iii) shall terminate one (1) year
after the expiration of the Additional Term or the expiration of the term of any extension of the term of this Agreement pursuant to Section 9.1 (d), as the case may be. 
 WU’s indemnification obligations provided for in this Agreement shall be further limited as follows: 
 (A) Notwithstanding anything in this Agreement to the contrary, WU shall in no event be liable or responsible for its failure to carry out
any of its obligations under this Agreement, if and to the extent such failure is caused by Force Majeure. If performance by WU is delayed by more than thirty (30) days by Force Majeure, IPS may terminate this Agreement by notice to WU, which
termination right, if exercised by IPS, shall be IPS’ sole remedy for WU’s failure to provide WU Services by reason of any Force Majeure. Notwithstanding anything in this paragraph, nothing shall limit any claims by IPS unrelated to the
Force Majeure event. 
 (B) Disclaimer of Warranties. Except as expressly set forth in this Agreement, WU does not make
any representation or warranty whatsoever, express or implied, including, but not limited to, any representation or warranty as to WU Services (including with respect to the nature, quantity or quality thereof) to be provided hereunder. 

(C) No Consequential Damages. In no event shall WU or any of its Affiliates be liable for any consequential damages under or in
connection with this Agreement, which are hereby excluded by agreement of the Parties regardless of whether WU or any of its Affiliates has been advised, or could have foreseen, of the possibility of such damages; provided, however,
that the foregoing 
  

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 exclusion shall not apply (1) to consequential damages incurred by any IPS Group Member as a result
of violations by WU of the covenants in Section 8.2, or (2) in the case of consequential damages recovered from an IPS Group Member by a third party. The foregoing represents an express allocation of risk between the Parties.

 (D) Counterfeit Items. In the case of any Counterfeit Item which is presented to IPS for payment during the Term
with respect to which either no action was required to be taken by WU pursuant to Schedule 2.1(A) or all action that was required to be taken by WU pursuant to Schedule 2.1(A) was taken, WU will have no obligation to indemnify and hold
harmless each IPS Group Member and any and all Losses and Expenses incurred in connection with or arising from such Counterfeit Item shall be the sole responsibility of IPS. 
 (E) Notwithstanding anything contained in this Agreement to the contrary and except for the indemnification obligations of WU set forth in
Section 10.2(a)(v), WU’s annual aggregate liability for indemnification pursuant to this Section 10.2 shall in no event exceed $5 million, provided, however, that such limit shall not apply to: 

(i) Losses and Expenses related to a failure of either WU or an IPS Client to remit proceeds from the sale of Money Orders to
IPS. 
 (ii) Losses and Expenses caused by WU’s failure to instruct IPS to return, by the applicable deadline
specified in the User Manuals, a Counterfeit Item when such failure to make a timely return was not caused by IPS’s failure to follow the procedure set in the User Manuals; 
 (iii) Losses and Expenses caused by WU’s failure to instruct IPS to return (including all such failures caused by IPS’s failure
to enter stop payment orders in accordance with User Manuals), by the applicable deadline specified in the User Manuals, an Item on which a stop payment has been requested in accordance the procedure set forth in the User Manuals, when such failure
to make a timely return was not caused by IPS’s failure to follow the procedure set forth in the User Manuals; 
 (iv)
Losses and Expenses caused by WU’s failure to instruct IPS to return, by the applicable deadline specified in the User Manuals, a payment instrument that does not bear a serial number assigned to an IPS Client or does bear a serial number
assigned to an IPS Client but its face amount does not correspond to the issue amount reported by the IPS Client when such failure to make a timely return was not caused by IPS’s failure to follow the procedure set forth on in the User Manuals;
or 
 (v) Losses and Expenses caused by WU’s failure to instruct IPS to return, by the applicable deadline specified in
the User Manuals, a 
  

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 payment instrument or Item that bears the same valid serial number and face amount as an Item (or
Counterfeit Item) previously paid when such failure to make a timely return was not caused by IPS’s failure to follow the procedure set forth in the User Manuals. 
 (vi) Regulatory fines, assessment and penalties arising from WU’s non-compliance with the terms and conditions of this Agreement.

 For purposes of subparagraphs (i) through (iv) above, the terms “Losses and Expenses” shall not include losses or expenses incurred by
IPS that are related to adjustments to the average investable balance of an IPS Client that will be required when the items described above are properly recorded or adjusted as the case may be. 
 (c) In the event that IPS makes a claim against WU for indemnification under this Agreement, IPS shall assist and cooperate fully with WU, in all such
lawful manners as WU shall request, in asserting in the name of WU any claims or rights against any third party or any defenses to claims asserted by third parties that IPS may have, or have the right to assert, including, without limitation, any
rights under any agreement with IPS’ depository banks, the IPS Clients or other third party, by law or in equity. Such assistance and cooperation shall include, but not be limited to, the assignment of claims, rights or defenses held by IPS,
but excludes the right to assert or defend any action in the name of IPS. As part of such assistance, IPS will make available IPS employees knowledgeable with respect to such claim or defense. WU shall bear any material costs and expenses incurred
by IPS to third parties, such as IPS’ out-of-pocket costs and outside attorneys’ fees, in providing such assistance and cooperation, but WU shall not be required to reimburse IPS for the costs or time of IPS employees or related overhead.
Upon reasonable request, WU shall provide IPS with non-confidential information regarding the status of any such actions. 
 (d) In the event
that WU is required by law, regulation or court order to bring a formal legal action against an IPS Client, an IPS depository bank or other third party, under IPS’ name (whether as a claimant or co-claimant), then WU and IPS shall utilize the
following procedures: 
 (A) WU will notify IPS of its intent to bring a formal legal action against the third party, and will
include in such notification a copy of the law, regulation, court order or written opinion of outside counsel on letterhead, demonstrating that IPS is a necessary party to the legal proceedings contemplated. 
 (B) IPS shall determine within ten (10) Business Days of the receipt of the notice and documentation whether it will permit WU to
proceed in IPS’ name. If IPS will permit WU to proceed in IPS’ name, WU shall proceed with the proposed formal legal action and/or any other action WU has the right to pursue pursuant to Section 10.2(c). If IPS will not permit
WU to proceed in IPS’ name, (1) IPS shall promptly reimburse WU for the amount of the claim that is attributable to the actions or failures of the third party (and that WU has previously paid to IPS), and (2) IPS shall have no
further right to seek 
  

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 indemnification from WU for such that portion of such claim under this Agreement. In the event IPS and WU
do not agree as to the amount of the claim attributable to the actions or failures of the third party, such dispute will be resolved in accordance with Section 11.13. 
 (C) In the event any formal proceedings are commenced hereunder under IPS’ name, WU will update IPS regularly on the status of such
proceedings and provide information as reasonably requested by IPS regarding such proceedings. 
 10.3. Specific
Performance. (a) In the event IPS or any of its Affiliates violates any of its obligations under Section 8.2, WU may proceed against it in law or in equity for such damages or other relief as a court may deem
appropriate. IPS acknowledges that a violation of Section 8.2 may cause WU irreparable harm which may not be adequately compensated for by money damages. IPS therefore agrees that in the event of any actual or threatened violation of
Section 8.2, WU shall be entitled, in addition to other remedies that it may have, to a temporary restraining order and to preliminary and final injunctive relief against IPS or such Affiliate of IPS to prevent any violations of
Section 8.2, without the necessity of posting a bond. 
 (b) In the event WU or any of its Affiliates violates any of its
obligations under Section 8.2, IPS may proceed against it in law or in equity for such damages or other relief as a court may deem appropriate. WU acknowledges that a violation of Section 8.2 may cause IPS irreparable harm
which may not be adequately compensated for by money damages. WU therefore agrees that in the event of any actual or threatened violation of Section 8.2, IPS shall be entitled, in addition to other remedies that it may have, to a
temporary restraining order and to preliminary and final injunctive relief against WU or such Affiliate of WU to prevent any violations of Section 8.2, without the necessity of posting a bond. 
 (c) The prevailing Party in any action commenced under this Section 10.3 shall also be entitled to receive reasonable attorneys’ fees
and court costs. 
 10.4. Notice of Claims. 
 (a) General Procedures. The following procedures shall apply to any claim for indemnification under this Agreement: 
 (i) Any Person (the “Indemnified Party”) seeking indemnification hereunder shall give to the Party obligated to provide indemnification to such Indemnified Party (the “Indemnifying
Party”) a notice (a “Claim Notice”) describing in reasonable detail the facts giving rise to any claim for indemnification hereunder and shall include in such Claim Notice (if then known) the amount or the method of
computation of the amount of such claim, and a reference to the provision of this Agreement or any other agreement, document or instrument executed hereunder or in connection herewith upon which such claim is based; provided, that a Claim
Notice in respect of any action at law or suit in equity by or against a third Person as to which indemnification will be sought shall be 
  

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 given promptly after the action or suit is commenced; provided further that failure to give
such notice shall not relieve the Indemnifying Party of its obligations hereunder except to the extent it shall have been prejudiced by such failure. 
 (ii) In calculating any Losses or Expenses (i) there shall be deducted (x) any insurance recovery in respect thereof (and no right of subrogation shall accrue hereunder to any insurer) and (y) the
amount of any Tax benefit to the Indemnified Party (or any of its Affiliates) with respect to such Losses or Expenses (after giving effect to the tax effect of receipt of the indemnification payments), and (ii) there shall be added the amount
of any Tax detriment to the Indemnified Party (or any of its Affiliates) with respect to such Losses or Expenses (after giving effect to the tax effect of receipt of the indemnification payments). 
 (iii) After the giving of any Claim Notice pursuant hereto, the amount of indemnification to which an Indemnified Party shall be entitled
under this Article X shall be determined (i) by the written agreement between the Indemnified Party and the Indemnifying Party; (ii) pursuant to Section 11.13; or (iii) by any other means to which the
Indemnified Party and the Indemnifying Party shall agree. The judgment or decree of a court shall be deemed final when the time for appeal, if any, shall have expired and no appeal shall have been taken or when all appeals taken shall have been
finally determined. The Indemnified Party shall have the burden of proof in establishing the amount of Losses and Expenses suffered by it. 
 (b) Limitation on Notice Period Relating to WU Services. No cause of action, dispute or claim for indemnification relating to the WU Services may be asserted or made against any Party on a date later than: (i) two (2) years
after the date in which facts giving rise to such cause of action, dispute or claim are discovered or, with the exercise of due diligence, should reasonably have been discovered, or if such event for which indemnification is claimed is an action or
proceeding brought against the Indemnified Party, the end of the related notification period provided in Section 10.4(a) or (ii) one year after the earlier of the termination of the provision of WU Services under this Agreement or
the expiration of the Additional Term. 
 10.5. Third Person Claims. The following procedures shall apply to any claim
for indemnification under this Agreement: 
 (a) Subject to Section 10.5(b), the Indemnified Party shall have the right to conduct
and control, through counsel of its choosing, the defense, compromise or settlement of any third Person claim, action or suit against such Indemnified Party as to which indemnification will be sought by any Indemnified Party from any Indemnifying
Party hereunder, and in any such case the Indemnifying Party shall cooperate in connection therewith and shall furnish such records, information and testimony and attend such conferences, discovery proceedings, hearings, trials and appeals as may be
reasonably requested by the Indemnified Party in connection therewith; provided, that the Indemnifying Party may participate, through counsel chosen by it and at its own expense, in the defense of any such claim, action or suit as to which
the Indemnified Party has so elected to conduct and control the defense thereof; and provided, further, that the Indemnified Party shall not, without the written consent of the Indemnifying 
  

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 Party (which written consent shall not be unreasonably withheld), pay, compromise or settle any such claim, action or
suit, except that no such consent shall be required if, following a written request from the Indemnified Party, the Indemnifying Party shall fail, within fourteen (14) days after the making of such request, to acknowledge and agree in writing
that, if such claim, action or suit shall be adversely determined, such Indemnifying Party has an obligation to provide indemnification hereunder to such Indemnified Party. Notwithstanding the foregoing, the Indemnified Party shall have the right to
pay, settle or compromise any such claim, action or suit without such consent, provided that in such event the Indemnified Party shall waive any right to indemnity therefor hereunder unless such consent is unreasonably withheld. 

(b) If any third Person claim, action or suit against any Indemnified Party is solely for money damages, then the Indemnifying Party shall have the
right to conduct and control, through counsel of its choosing, the defense, compromise or settlement of any such third Person claim, action or suit against such Indemnified Party as to which indemnification will be sought by any Indemnified Party
from any Indemnifying Party hereunder if the Indemnifying Party has acknowledged and agreed in writing that, if the same is adversely determined, the Indemnifying Party has an obligation to provide indemnification to the Indemnified Party in respect
thereof, and in any such case the Indemnified Party shall cooperate in connection therewith and shall furnish such records, information and testimony and attend such conferences, discovery proceedings, hearings, trials and appeals as may be
reasonably requested by the Indemnifying Party in connection therewith; provided, that the Indemnified Party may participate, through counsel chosen by it and at its own expense, in the defense of any such claim, action or suit as to which
the Indemnifying Party has so elected to conduct and control the defense thereof. Notwithstanding the foregoing, the Indemnified Party shall have the right to pay, settle or compromise any such claim, action or suit, provided that in such
event the Indemnified Party shall waive any right to indemnity therefor hereunder unless the Indemnified Party shall have sought the consent of the Indemnifying Party to such payment, settlement or compromise and such consent was unreasonably
withheld, in which event no claim for indemnity therefor hereunder shall be waived. 
 ARTICLE XI 
 GENERAL PROVISIONS 
 11.1. Survival of Obligations. All representations, warranties, covenants and obligations contained in this Agreement shall survive the consummation of the transactions contemplated by this Agreement. 
 11.2. No Public Announcement. Neither WU nor IPS shall, without the approval of the other, make any press release or other public
announcement concerning the transactions contemplated by this Agreement, except as and to the extent that any such Party shall be so obligated by law or the rules of any stock exchange, in which case the other Party shall be advised and the Parties
shall use their best efforts to cause a mutually agreeable release or announcement to be issued; provided, however, that the foregoing shall not preclude communications or disclosures necessary to implement the provisions of this
Agreement or to comply with the accounting and Securities and Exchange Commission disclosure obligations. 
  

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 11.3. Notices. All notices or other communications required or permitted hereunder
shall be in writing and shall be deemed given or delivered (i) when delivered personally, (ii) if transmitted by facsimile, when confirmation of transmission is received, (iii) if sent by registered or certified mail, postage prepaid,
return receipt requested, on the third Business Day after mailing, or (iv) if sent by reputable overnight courier services, when received, and shall be addressed as follows: 
 If to WU, to: 
 Western Union Financial
Services, Inc. 
 12510 East Belford Avenue 
 Englewood, Colorado 80112 
 Telephone: (720) 332-3190 
 Facsimile: (720) 332-0501 
 Attention:
General Manager- Retail Money Order 
 with a copy to: 
 General Counsel 
 If to IPS, to: 
 Integrated Payment Systems Inc. 
 12500 East
Belford Avenue, Mail Stop M18U 
 Englewood, Colorado 80112 
 Telephone: (720) 332-3101 
 Facsimile: (720) 332-0096 
 Attention: President 
 with a copy to:

 General Counsel 
 or to such other address as such Party may indicate by a notice delivered to the other Party. 
 11.4. Successors and
Assigns; Third Party Beneficiaries. (a) The rights and obligations of either Party under this Agreement shall not be assigned by such Party without the written consent of the other Party. 
 (b) This Agreement shall be binding upon and inure to the benefit of the Parties and their respective successors and permitted assigns. Except for
Article X, which is intended to benefit, and to be enforceable by, the parties specified therein, nothing in this 
  

 25 

 Agreement, expressed or implied, is intended or shall be construed to confer upon any Person other than the Parties and
their respective successors and assigns permitted by this Section 11.4 any right, remedy or claim under or by reason of this Agreement. 
 11.5. Access to Records after Closing Date. For a period of eight (8) years after the expiration or termination of the Term or the expiration of the term of any extension of the term of this Agreement pursuant to
Section 9.1 (c) or Section 9.1(d), as applicable, each Party and its representatives shall have reasonable access to all of the books and records related to this Agreement to the extent necessary for such Party to meet
its regulatory and contractual responsibilities. Such access shall be afforded to such Party and its Affiliates upon receipt of reasonable advance notice and during normal business hours. The requesting Party shall be solely responsible for any
costs and expenses incurred by it pursuant to this Section 11.5 in seeking access to books and records in the control of the other Party. The non-requesting Party shall be solely responsible for any costs and expenses incurred by it in
complying with this Section 11.5. If either Party or any of its Affiliates shall desire to dispose of any of such books and records prior to the expiration of such eight-year period, such Party shall, prior to such disposition, give the
other Party a reasonable opportunity, at the non-disposing Party’s expense, to segregate and remove such books and records as the non-disposing Party may select. 
 11.6. Entire Agreement; Amendments. This Agreement and the Exhibits and Schedules referred to herein and the documents delivered pursuant hereto contain the entire understanding of the Parties
with regard to the subject matter contained herein or therein, and supersede all prior agreements, understandings or letters of intent between the Parties. This Agreement shall not be amended, modified or supplemented except by a written instrument
signed by an authorized representative of each of the Parties. 
 11.7. Interpretation. Article titles and headings to Sections
are inserted for convenience of reference only and are not intended to be a part of or to affect the meaning or interpretation of this Agreement. 
 11.8. Waivers. Any term or provision of this Agreement may be waived, or the time for its performance may be extended, by the Party or Parties entitled to the benefit thereof. Any such waiver shall be validly and
sufficiently authorized for the purposes of this Agreement only if, as to any Party, it is in writing signed by an authorized representative of such Party. The failure of any Party to enforce at any time any provision of this Agreement shall not be
construed to be a waiver of such provision, nor in any way to affect the validity of this Agreement or any part hereof or the right of any Party thereafter to enforce each and every such provision. No waiver of any breach of this Agreement shall be
held to constitute a waiver of any other or subsequent breach. 
 11.9. Expenses. Each Party will pay all costs and expenses
incident to its negotiation and preparation of this Agreement and to its performance and compliance with all agreements and conditions contained herein on its part to be performed or complied with, including the fees, expenses and disbursements of
its counsel and accountants. 
  

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 11.10. Severability. Wherever possible, each provision of this Agreement shall be
interpreted in such manner as to be effective and valid under applicable law, but in case any one or more of the provisions contained herein shall, for any reason, be held to be invalid, illegal or unenforceable in any respect, such provision shall
be ineffective to the extent, but only to the extent, of such invalidity, illegality or unenforceability without invalidating the remainder of such provision or provisions or any other provisions hereof, unless such a construction would be
unreasonable. 
 11.11. Execution in Counterparts. This Agreement may be executed in any number of counterparts, each of
which shall be considered an original instrument, but all of which together shall be considered one and the same agreement, and shall become binding when one or more counterparts have been signed and delivered to each of the Parties. 
 11.12. Governing Law. This Agreement shall be governed by and construed in accordance with the internal laws (without regard to the
conflicts of law provisions) of the State of New York. 
 11.13. Dispute Resolution. IPS and WU agree to utilize the
following procedures to resolve any disputes between them that arise under this Agreement (other than those governed by Section 10.2(d)): 
 (a) Level One. If IPS identifies an issue, or issues, that requires resolution, it will give the Account Manager written notice thereof; and if WU identifies an issue, or issues, that require resolution, it
will give IPS written notice thereof. The Account Manager and an IPS designee will then negotiate in good faith on a regular basis to resolve the issue(s) as expeditiously as feasible. If they are unable to resolve the issue(s) within ten
(10) Business Days of such notice, either may state in writing to the other that they will not be able to resolve the remaining issue(s) through continued negotiation. Promptly thereafter, they will refer the issue(s) to the IPS executive with
management responsibility for the WU relationship and the executive of WU with management responsibility for the IPS relationship (collectively, the “Senior Executives”) and will each provide to the Senior Executives a written
statement describing in detail their respective positions related to the issue(s) (the “Issue Statements”). 
 (b) Level
Two. Promptly after receiving the Issue Statements, the Senior Executives will negotiate in good faith on a regular basis to resolve the issue(s) as expeditiously as feasible. If the Senior Executives are unable to resolve the issue(s) within
ten (10) Business Days of receipt of such Issue Statements, either Senior Executive may state in writing to the other that they will not be able to resolve the remaining issue(s) through continued negotiation. Promptly thereafter, each Senior
Executive will refer the issue(s) to a senior level executive from a separate business unit, division, subsidiary or Affiliate of their respective Party (the “Distant Executive”) and each Party’s respective management team will
prepare any revisions to their respective Issue Statements. The Issue Statements, as revised, will be submitted to the Distant Executives. 
 (c) Level Three. Promptly after receiving the Issue Statements, the Distant Executives will negotiate in good faith on a regular basis to resolve the issue(s) as expeditiously 
  

 27 

 as feasible. Thereafter, the Distant Executives will submit a joint written recommendation for any issue(s) the Distant
Executives agreed upon and separate written recommendations for any issue(s) the Distant Executives disagreed upon or which remain unresolved. IPS and WU agree to be bound by such joint written recommendation. In the event, the Distant Executives
are unable to resolve the dispute, then, at the request of either Party, the dispute shall be settled by binding arbitration by a single arbitrator. Such arbitration shall occur in Denver, Colorado, and shall be administered by the American
Arbitration Association under its Commercial Arbitration Rules. Judgment on the award rendered by the arbitrator may be entered in any court having jurisdiction thereof. 
 (d) Continuity of WU Services. WU acknowledges that the timely and complete performance of its obligations pursuant to this Agreement is critical to the business and operations of IPS. Accordingly, in the event
of a dispute between IPS and WU, WU shall continue to so perform its obligations under this Agreement in good faith during the resolution of such dispute unless and until this Agreement is terminated in accordance with the provisions hereof.

 IN WITNESS WHEREOF, the Parties have caused this Agreement to be executed the day and year first above written. 
  

			
	INTEGRATED PAYMENT SYSTEMS INC.
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	WESTERN UNION FINANCIAL SERVICES, INC.
		
	By:	 	  

	Name:	 	
	Title:	 	

  

 28 

 [Schedules Intentionally Omitted] 
  

 29

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