Document:

EX-4.2

 Exhibit 4.2 

 

							
	 

	

	 	250 Royall Street, Suite V	 	
	 	Canton MA 02021	 	
	 	Information Agent:	 	
	 	Georgeson	 	
	 	Telephone 800 509 0976	 	
	 	

	 	
	 	Primary Subscription Rights	  	12345678901234

  
  
 SIMON WORLDWIDE, INC. SUBSCRIPTION RIGHTS CERTIFICATE AND ELECTION FORM 
  

THIS SUBSCRIPTION RIGHTS OFFERING EXPIRES AT 5:00 P.M., EASTERN TIME, ON [—], 2013, UNLESS
THE EXERCISE PERIOD IS EXTENDED BY SIMON WORLDWIDE, INC. IN ITS SOLE DISCRETION (SUCH DATE AND TIME, AS IT MAY BE EXTENDED, THE “EXPIRATION DATE”). 
 Simon Worldwide, Inc. (“Simon”) has distributed, at no charge, to each holder of record of its common stock (each an “Eligible Holder”) as of 5:00 p.m. on July 25, 2013 (the
“Record Date”), one non-transferable right for each whole share of common stock owned by such Eligible Holder on the Record Date. The rights entitle each Eligible Holder to acquire, at the subscription price of $0.21 per full share, 0.471
shares of common stock of Simon for every 1 right held (the “Subscription Rights”). Each Subscription Right entitles any Eligible Holder who exercises its basic subscription right in full to subscribe, prior to the Expiration Date, for
additional shares of Simon common stock at a subscription price of $0.21 per full share to the extent that any shares are not purchased by other Eligible Holders under their basic subscription rights as of the Expiration Date or to the extent Simon
decides to increase the size of the offering (the “Over-subscription Privilege”). The terms and conditions of the Subscription Rights offering are set forth in Simon’s Prospectus dated
[—], 2013 (as it may be amended or supplemented, the “Prospectus”), which is incorporated into this Subscription Rights Certificate and Election Form (“Rights Certificate”) by
reference. Capitalized terms used but not defined herein have the meanings set forth in the Prospectus. The owner of this certificate is entitled to the number of basic Subscription Rights shown on this Rights Certificate. 

SUBSCRIPTION PRICE 
 The
subscription price for the Subscription Rights and the Over-subscription Privilege is $0.21 per full share. Fractional shares or cash in lieu of fractional shares will not be issued. Instead, fractional shares resulting from the exercise of
Subscription Rights will be eliminated by rounding down to the nearest whole share. For example, if you owned 100 shares of Simon common stock on the record date, you would receive 100 basic subscription rights to purchase 47 shares of Simon common
stock for $0.21 per share. 
 METHOD OF EXERCISE OF RIGHTS 
 IN ORDER TO EXERCISE YOUR SUBSCRIPTION RIGHTS, YOU MUST PROPERLY COMPLETE AND SIGN THIS RIGHTS CERTIFICATE ON THE BACK AND BELOW AND RETURN IT IN THE ENVELOPE PROVIDED TO COMPUTERSHARE TRUST COMPANY,
N.A., TOGETHER WITH PAYMENT IN FULL FOR AN AMOUNT EQUAL TO THE APPLICABLE SUBSCRIPTION PRICE MULTIPLIED BY THE TOTAL NUMBER OF SHARES OF COMMON STOCK THAT YOU ARE REQUESTING TO PURCHASE TO THE SUBSCRIPTION AGENT, COMPUTERSHARE TRUST COMPANY, N.A.,
BEFORE 5:00 P.M. EASTERN TIME, ON [—], 2013. 
  

													
	Holder ID	  	COY	  	 	Class	  	  	Rights Qty Issued	  	Rights Cert #	  	
	123456789	  	XXXX	  	 	Subscription Rights	  	  	XXX.XXXXXX	  	12345678	  	

  

									
	Signature of Owner and U.S. Person for Tax Certification	  		 	Signature of Co-Owner (if more than one registered holder listed)	  		 	Date (mm/dd/yyyy)
	 		 		 
	 	  		 	 	  		 	 

  
 

 

 Full payment of the subscription price for each share of common stock you wish to purchase must be made in
U.S. dollars by (1) a certified check, cashier’s check or bank draft drawn upon a U.S. bank, (2) a U.S. postal or express money order, or (3) a personal check that clears by the Expiration Date, in each case payable to
“Computershare Trust Company, N.A. acting as Subscription Agent for Simon Worldwide, Inc.” and delivered in accordance with the “INSTRUCTIONS FOR USE OF SIMON WORLDWIDE, INC. SUBSCRIPTION RIGHTS CERTIFICATE AND ELECTION
FORM” that accompanied the mailing of the Prospectus. You cannot revoke any exercises made pursuant to this Rights Certificate, except as expressly provided otherwise in the Prospectus. 

The method of delivery of this Rights Certificate and the payment for the shares of common stock subscribed for hereunder are at the election and risk of
the Eligible Holder, but if sent by mail it is recommended that the Rights Certificate and payment be sent by registered mail, properly insured, with return receipt requested, and that a sufficient number of days be allowed to ensure delivery to the
Subscription Agent and clearance of payment prior to 5:00 p.m., Eastern Time on the Expiration Date. Because uncertified personal checks may take at least five business days to clear, you are strongly urged to pay, or arrange for payment, by means
of certified or cashier’s check, bank draft or money order. 
 Payments of the subscription price for the shares of common stock subscribed
for will be distributed to Simon no later than the third business day following the Expiration Date, unless Simon terminates the Rights Offering. You will not be paid any interest on funds paid to the Subscription Agent, regardless of whether the
funds are applied to the subscription price or returned to you. 
  

																									
	PLEASE PRINT ALL INFORMATION
CLEARLY AND LEGIBLY	 	 
	SECTION 1:         OFFERING INSTRUCTIONS (check the appropriate
boxes)	 	 
	 	 
	IF YOU WISH TO SUBSCRIBE FOR YOUR FULL ENTITLEMENT OF SUBSCRIPTION RIGHTS:	 	 
	 										 
	 ̈	 	I apply for ALL of my entitlement of new shares pursuant to the basic subscription	 	  
	 	X 0.471	 	=	 	  
	 	X $0.[—]    	 	=	 	    $	 	  
	 	 
	 	 	 	(no. of Subscription Rights)	 	 	 	(no. of new shares, rounded down)	 	    (per share)	 		 		 		 	 
	 						 
	 	 	EXAMPLE: If you own 100 shares of Simon common stock, you will receive 100 Subscription Rights which will permit you to purchase 47 shares. [100 Subscription Rights X
0.471 = 47 shares, with fractional shares rounded down to the nearest whole number].	 		 		 		 		 	 
	 								 
	 ̈	 	In addition, I apply for additional shares pursuant to the Over-subscription Privilege*	 	  
	 	 X $0.21    

(per share)
	 	=	 		 	$	 	  
	 	 
	 	 	 	(no. of additional whole shares)	 	 	 		 		 		 	 
	 	 
	IF YOU WISH TO APPLY FOR LESS THAN YOUR FULL ENTITLEMENT OF SUBSCRIPTION RIGHTS:	 	 
	 								 
	 ̈	 	I apply for the following number of shares pursuant to the basic subscription	 	  
	 	 X $0.21    

(per share)
	 	=	 		 	$	 	  
	 	 
	 	 	 	(no. of new whole shares)	 	 		 		 		 		 	 
	 									 
	 	 		 		 	Amount of check or money order enclosed  	 		 		 		 	$	 	  
	 	 
	 	 
	IF YOU DO NOT WISH TO EXERCISE YOUR RIGHT TO SUBSCRIBE:	 	 
	Please disregard this mailing.	 	 

																							
	 
	SECTION 2:
        SUBSCRIPTION AUTHORIZATION:
	 
	 I acknowledge that I have
received the Prospectus for this offering of Subscription Rights and I hereby subscribe for the number of shares indicated above on the terms and conditions specified in the Prospectus relating to the basic subscription and the Over-subscription
Privilege in the Subscription Rights offering.

	 						 
	 	  		  	Signature of Subscriber(s)	  		  		  		 	 
	 	  		  		  		 	 
	 	  		  	  
	 	 
	 	  		  	(and address if different than that listed on this Subscription Certificate)	 	 
	 	  		  	  
	 	 
	 	  		  		  		 	 
	 	  		  	  
	 	 
	 								 
	 	  		  	Telephone number (including area code)	  	  
	 		  		  		  		 	 
	 	  	 	  	 	  	 	  	 	 	 	 	 	 	 	  	 	  	 	  	 	 	 

  

	*	You can only participate in the Over-subscription Privilege if you have subscribed for your full entitlement of new shares pursuant to the basic subscription. If
over-subscription requests exceed the number of shares available, we will allocate the available shares among the stockholders exercising the Over-Subscription Privilege in accordance with the procedures set forth in the Prospectus.

 Please complete all applicable information and return to: COMPUTERSHARE TRUST COMPANY, N.A.

 By First Class, Registered or Certified Mail: Computershare Trust Company, N.A., c/o Voluntary Corporate Actions,
P.O. Box 43011, Providence, RI 02940-3011  
 By Express Mail or Overnight Delivery: Computershare Trust Company,
N.A., c/o Voluntary Corporate Actions, 250 Royall Street, Suite V, Canton, MA 02021 
 DELIVERY OF THIS SUBSCRIPTION
CERTIFICATE TO AN ADDRESS OTHER THAN AS SET FORTH ABOVE DOES NOT CONSTITUTE A VALID DELIVERY. 
 Any questions regarding
this Subscription Certificate and Subscription Rights Offering may be directed to the Information Agent, Georgeson Inc. toll free at (800) 509-0976 or, if you are located outside the U.S., (781) 575-3340 (collect).EX-4.3

 Exhibit 4.3 

 
 

 
 (Subscription Agent - FINAL) 
 SUBSCRIPTION AGENT AGREEMENT 
 This Subscription Agent Agreement
(the “Agreement”) is made as of July 11, 2013 by and among Simon Worldwide, Inc., (the “ Company”), Computershare Inc., a Delaware corporation and its wholly-owned subsidiary Computershare Trust Company, N.A., a
national banking association (collectively, the “Agent” or individually “Computershare” and the “Trust Company”, respectively). All terms not defined herein shall have the meaning given in the prospectus (the
“Prospectus”) included in the (Registration Statement on Form S-1, File No. 333-189020 filed by the Company with the Securities and Exchange Commission on May 31, 2013, as amended by any amendment filed with respect thereto (the
“Registration Statement”). 
 WHEREAS, the Company proposes to make subscription offer by issuing certificates or
other evidences of subscription rights, in the form designated by the Company (the “Subscription Certificates”) to shareholders of record (the “Shareholders”) of its Common Stock, par value $.01 per share (“Common
Stock”), as of a record date specified by the Company (the “Record Date”), pursuant to which each Shareholder will have certain rights (the “Rights”) to subscribe for shares of Common Stock, as described in and upon such
terms as are set forth in the Prospectus, a final copy of which has been or, upon availability will promptly be, delivered to the Agent; and 
 WHEREAS, the Company wishes the Agent to perform certain acts on behalf of the Company, and the Agent is willing to so act, in connection with the distribution of the Subscription Certificates and the
issuance and exercise of the Rights to subscribe therein set forth, all upon the terms and conditions set forth herein. 
 NOW,
THEREFORE, in consideration of the foregoing and of the mutual agreements set forth herein, the parties agree as follows: 
  

	1.	Appointment. 

 The
Company hereby appoints the Agent to act as subscription agent in connection with the distribution of Subscription Certificates and the issuance and exercise of the Rights in accordance with the terms set forth in this Agreement and the Agent hereby
accepts such appointment. 
  

	2.	Form and Execution of Subscription Certificates. 

 A. Each Subscription Certificate shall be irrevocable and non-transferable. The Agent shall, in its capacity as Transfer Agent of the Company, maintain a register of Subscription Certificates and the
holders of record thereof (each of whom shall be deemed a “Shareholder” hereunder for purposes of determining the rights of holders of Subscription Certificates). Each Subscription Certificate shall, subject to the provisions thereof,
entitle the Shareholder in whose name it is recorded to the following: 
 (1) With respect to Record Date Shareholders only, the
right to acquire during the Subscription Period, as defined in the Prospectus, at the Subscription Price, as defined in the Prospectus, a number of shares of Common Stock equal to a fraction of a share of Common Stock (with such fraction to be
specified in the Prospectus) for every one Right held (the “Primary Subscription Right”), with fractional shares resulting from the exercise of Rights being eliminated by rounding down to the nearest whole share; and 

(2) With respect to Record Date Shareholders only, the right to subscribe for additional shares of Common Stock, subject to the
availability of such shares and to the allotment of such shares as may be available among Record Date Shareholders who exercise Over-Subscription Rights on the basis specified in the Prospectus; provided, however, that such Record Date Shareholder
has exercised all Primary Subscription Rights issued to him or her (the “Over-Subscription Privilege”). 

 B. Create a special account for the issuance of shares of Common Stock to shareholders who
have exercised the rights set forth herein. Prior to the issuance of Common Stock as set forth herein, the Company shall provide an opinion of counsel, which opinion may be subject to the customary qualifications of counsel and the receipt by
counsel of appropriate certificates from the Company, to set up the reserve of shares. The opinion shall state that all shares of Common Stock to be issued pursuant to the exercise of the Rights are: 

(1) Registered, or subject to a valid exemption from registration, under the Securities Act of 1933 (the “Securities Act”), as
amended 
 (2) To the best of counsel’s actual knowledge, registered, qualified, or subject to a valid exemption from
registration or qualification under applicable state securities law; and 
 (3) Validly issued, fully paid and non-assessable.

  

	3.	Rights and Issuance of Subscription Certificates. 

 A. Each Subscription Certificate shall evidence the Rights of the Shareholder therein named to purchase Common Stock upon the terms and conditions therein and herein set forth. 

B. Upon the written advice of the Company, signed by any of its duly authorized officers, as to the Record Date, the Agent shall, from a
list of the Company Shareholders as of the Record Date to be prepared by the Agent in its capacity as Transfer Agent of the Company, prepare and record Subscription Certificates in the names of the Shareholders, setting forth the number of Rights to
subscribe for the Company’s Common Stock calculated on the basis of one Right for 1 whole share of Common Stock recorded on the books in the name of each such Shareholder as of the Record Date. The number of Rights that are issued to Record
Date Shareholders will be rounded down, by the Agent, to the nearest number of Full Rights as Fractional Rights will not be issued. Each Subscription Certificate shall be dated as of the Record Date and shall be executed manually or by facsimile
signature of a duly authorized officer of the Subscription Agent. Upon the written advice, signed as aforesaid, as to the effective date of the Registration Statement, the Agent shall promptly countersign and deliver the Subscription Certificates,
together with a copy of the Prospectus, instruction letter and any other document as the Company deems necessary or appropriate, to all Shareholders with record addresses in the United States (including its territories and possessions and the
District of Columbia). Delivery shall be by first class mail (without registration or insurance), except for those Shareholders having a registered address outside the United States (who will only receive copies of the Prospectus, instruction letter
and other documents as the Company deems necessary or appropriate, if any), delivery shall be by air mail (without registration or insurance) and by first class mail (without registration or insurance) to those Shareholders having APO or FPO
addresses. No Subscription Certificate shall be valid for any purpose unless so executed. 
 C. The Agent will mail a copy of
the Prospectus, instruction letter, a special notice and other documents as the Company deems necessary or appropriate, if any, but not Subscription Certificates to Record Date Shareholders whose record addresses are outside the United States
(including its territories and possessions and the District of Columbia ) (“Foreign Record Date Shareholders”). The Rights to which such Subscription Certificates relate will be held by the Agent for such Foreign Record Date
Shareholders’ accounts until instructions are received to exercise the Rights. 
  

	4.	Exercise. 

 A.
Record Date Shareholders may acquire shares of Common Stock on Primary Subscription and pursuant to the Over-Subscription Privilege by delivery to the Agent as specified in the Prospectus of (i) the Subscription Certificate with respect
thereto, duly executed by such Shareholder in accordance with 

 
and as provided by the terms and conditions of the Subscription Certificate, together with (ii) the estimated purchase price, as disclosed in the Prospectus, for each share of Common Stock
subscribed for by exercise of such Rights, in U.S. dollars by (1) a certified check, cashier’s check or bank draft drawn upon a U.S. bank, (2) a U.S. postal or express money order, or (3) a personal check that clears by the
Expiration Date, in each case payable to the order of Computershare Trust Company, N.A. acting as Subscription Agent for Simon Worldwide, Inc. 
 B. Rights may be exercised at any time after the date of issuance of the Subscription Certificates with respect thereto but no later than 5:00 P.M. New York time on such date as the Company shall
designate to the Agent in writing (the “Expiration Date”). For the purpose of determining the time of the exercise of any Rights, delivery of any material to the Agent shall be deemed to occur when such materials are received at the
Shareholder Services Division of the Agent specified in the Prospectus. 
 C. The Board of Directors of the Company will
determine the Subscription Price by taking into account a variety of factors as set forth in the Prospectus. Promptly after the Expiration Date (the “Confirmation Date”), COMPUTERSHARE shall send to each exercising shareholder (or, if
shares of Common Stock on the Record Date are held by Cede & Co. or any other depository or nominee, to Cede & Co. or such other depository or nominee) a confirmation showing the number of shares of Common Stock acquired pursuant
to the Primary Subscription, and, if applicable, the Over-Subscription Privilege, the per share and total purchase price for such shares, and any excess to be refunded by the Company to such shareholder in the form of a check and stub, along with a
letter explaining the allocation of shares of Common Stock pursuant to the Over-Subscription Privilege. 
 D. Any excess payment
to be refunded by the Company to a shareholder will be mailed by Computershare within three Business Days after the Confirmation Date. Computershare will not issue or deliver certificates or Statements of Holding for shares subscribed for until
payment in full therefore has been received, including collection of checks. All funds must be received by Computershare and cleared no later than 5:00 P.M. New York time on the Expiration Date. 

 

	5.	Validity of Subscriptions. 

 Irregular subscriptions not otherwise covered by specific instructions herein shall be promptly submitted to an appropriate officer of the Company and handled in accordance with his or her instructions.
Such instructions will be documented by the Agent indicating the instructing officer and the date thereof. 
  

	6.	Over-Subscription. 

If, after allocation of shares of Common Stock to Record Date Shareholders, there remain unexercised Rights, then the Agent shall allot
the shares issuable upon exercise of such unexercised Rights (the “Remaining Shares”) to shareholders who have exercised all the Rights initially issued to them and who wish to acquire more than the number of shares for which the Rights
issued to them are exercisable. Shares subscribed for pursuant to the Over-Subscription Privilege will be allocated in the amounts of such over-subscriptions. If the number of shares for which the Over-Subscription Privilege has been exercised is
greater than the Remaining Shares, the Agent shall allocate the Remaining Shares pro rata among the Record Date Shareholders exercising the Over-Subscription Privilege in proportion to the number of shares of Common Stock each of those Record
Date Shareholders owned on the Record Date, relative to the number of shares owned on the Record Date by all Record Date Shareholders exercising the Over-Subscription Privilege. If this pro rata allocation results in any Record Date
Shareholder receiving a greater number of shares of Common Stock than the Record Date Shareholder subscribed for pursuant to the exercise of the Over-Subscription Privilege, then such Record Date Shareholder will be allocated only that number of
shares for which the Record Date Shareholder over-subscribed, and the remaining shares will be allocated among all other Record Date Shareholders exercising the Over-Subscription Privilege on the same pro rata basis described above. The
proration process will be repeated until all shares of Common Stock have been allocated. The percentage of Remaining Shares each over-subscribing Record Date Shareholder or other Rights holder may acquire

 
will be rounded up or down to result in delivery of whole shares of Common Stock. The Agent shall advise the Company immediately upon the completion of the allocation set forth above as to the
total number of shares subscribed and distributable. 
  

	7.	Delivery of Shares. 

The Agent will deliver Statements of Holding reflecting new shares of Common Stock in the Direct Registration System, representing those
shares of Common Stock purchased pursuant to the Basic Subscription and, if applicable, those shares purchased pursuant to the exercise of the Over-Subscription Privilege as soon as practicable after the Expiration Date, after all allocations have
been effected and full payment for such shares has been received and cleared. 
  

	8.	Holding Proceeds of Rights Offering. 

 A. All proceeds received by Computershare from Shareholders in respect of the exercise of Rights shall be held by Computershare, on behalf of the Company, in a segregated account (the “Account”)
pending the closing of the rights offering on the Confirmation Date or the cancellation of the rights offering. No interest shall accrue to the Company or shareholders on funds held in the Account pending disbursement in the manner described in
Section 4(D) above. 
 B. Computershare shall deliver all proceeds received in respect of accepted exercises of Rights to
the Company as promptly as practicable following the closing of the rights offering, but in no event later than three business days after the Confirmation Date. Computershare shall deliver the proceeds of any excess payments received to the
applicable shareholders of record who made such payments in the manner described in Section 4(D) above. In the event of cancellation of the right offering, Computershare shall return by mail all subscription payments received, without interest
or penalty, to the applicable shareholders of record who made such payments promptly following the Company’s cancellation of the rights offering, and in no event shall Computershare mail such refunds later than three business days following
such cancellation. 
 C. The Company acknowledges that the bank accounts maintained by Computershare in connection with the
services provided under this Agreement will be in its name and that Computershare may receive investment earnings in connection with the investment at Computershare’s risk and for its benefit of funds held in those accounts from time to time.

  

	9.	Reports. 

 Daily,
once volume begins for the offer, until termination of the Subscription Period, the Agent will report by email, to an Officer of the Company, data regarding Rights exercised, the total number of shares of Common Stock subscribed for, and payments
received therefor, bringing forward the figures from the previous day’s report in each case so as to show the cumulative totals and any such other information as may be mutually determined by the Company and the Agent. 

 

	10.	Loss or Mutilation. 

If any Subscription Certificate is lost, stolen, mutilated or destroyed, the Agent may, on such terms which will indemnify and protect the
Company and the Agent as the Agent may in its discretion impose (which shall include a corporate bond of indemnity satisfactory to the Agent, and in the case of a mutilated Subscription Certificate, shall include the surrender and cancellation
thereof), issue a new Subscription Certificate of like denomination in substitution for the Subscription Certificate so lost, stolen, mutilated or destroyed. 
  

	11.	Compensation for Services. 

 The Company agrees to pay to the Agent compensation for its services hereunder in accordance with its Fee Schedule to act as Agent provided to the Company on July 9, 2013. The Company further agrees that
it will reimburse the Agent for its reasonable out-of-pocket expenses incurred in the performance of its duties as such. 

	12.	Instructions, Indemnification and Limitation of Liability. 

  

	12.1	Company Indemnity. The Company covenants and agrees to indemnify and to hold the Agent harmless against any costs, expenses (including reasonable fees of its
legal counsel), losses or damages, which may be paid, incurred or suffered by or to which it may become subject, arising from or out of, directly or indirectly, any claims or liability resulting from its actions as Agent (including as Agent the
provision of any services set forth in the Fee and Service Schedule attached hereto) pursuant to the terms set forth in this Agreement; provided, that such covenant and agreement does not extend to, and the Agent shall not be indemnified with
respect to, such costs, expenses, losses and damages incurred or suffered by the Agent as a result of, or arising out of, its gross negligence, bad faith, or willful misconduct. 

In addition to the foregoing, the Agent: 
 A. Shall have no duties or obligations other than those specifically set forth herein or as may subsequently be requested of the Agent by the Company with respect to the Subscription Offer and agreed upon
by the Agent; 
 B. May rely on and shall be indemnified and held harmless by the Company in acting upon any certificate,
instrument, opinion, notice, letter, facsimile transmission, telegram or other document, or any security delivered to it, and reasonably believed by it to be genuine and to have been signed by the proper party or parties; 

C. May consult with counsel satisfactory to it (including counsel for the Company) and shall be held harmless in relying on the written
advice or opinion of such counsel in respect of any action taken, suffered or omitted by it hereunder in good faith and in accordance with such advice or opinion of such counsel. 
 12.2 Instructions. From time to time, Agent may apply to any officer of the Company for instruction and Company shall provide Agent with such instructions concerning the Services. In addition,
Agent may consult with legal counsel for the Agent or the Company with respect to any matter arising in connection with the services to be performed by the Agent under this Agreement, and Agent and its agents and subcontractors shall not be liable
and shall be indemnified by the Company for any action taken or omitted by it in reliance upon any Company instructions or upon the advice or opinion of such counsel. The Agent shall not be held to have notice of any change of authority of any
person, until receipt of written notice thereof from the Company. 
 12.3 Agent Indemnification/Limitation of Liability. Agent shall be
responsible for and shall indemnify and hold the Company harmless from and against any and all losses, damages, costs, charges, counsel fees, payments, expenses and liability arising out of or attributable to: (a) Agent’s refusal or
failure to comply with the terms of this Agreement, (b) Agent’s gross negligence or willful misconduct, or (c) Agent’s breach of any representation or warranty hereunder, for which Agent is not entitled to indemnification under
this Agreement; provided, however, that Agent’s aggregate liability during any term of this Agreement with respect to, arising from, or arising in connection with this Agreement, or from all Services provided or omitted to be provided under
this Agreement, whether in contract, or in tort, or otherwise, is limited to, and shall not exceed, the amounts paid hereunder by the Company to Agent as fees and charges, but not including reimbursable expenses. 

12.4 Notice. In order that the indemnification provisions contained in this Section shall apply, upon the assertion of a claim for which one party
may be required to indemnify the other, the 

 
party seeking indemnification shall promptly notify the other party of such assertion, and shall keep the other party advised with respect to all developments concerning such claim. The
indemnifying party shall have the option to participate with the indemnified party in the defense of such claim or to defend against said claim in its own name or the name of the indemnified party. The indemnified party shall in no case confess any
claim or make any compromise in any case in which the indemnifying party may be required to indemnify it except with the indemnifying party’s prior written consent. 

 

	13.	Changes in Subscription Certificate. 

 The Agent may, without the consent or concurrence of the Shareholders in whose names Subscription Certificates are registered, by supplemental agreement or otherwise, concur with the Company in making any
changes or corrections in a Subscription Certificate that it shall have been advised by counsel (who may be counsel for the Company) is appropriate to cure any ambiguity or to correct any defective or inconsistent provision or clerical omission or
mistake or manifest error therein or herein contained, and which shall not be inconsistent with the provision of the Subscription Certificate except insofar as any such change may confer additional rights upon the Shareholders. 

 

	14.	Assignment/Delegation. 

 A. Except as provided in Section 14(B) below, neither this Agreement nor any rights or obligations hereunder may be assigned or delegated by either party without the written consent of the other
party. 
 B. The Agent may, without further consent on the part of the Company, subcontract with other subcontractors for
systems, processing, telephone and mailing services, and post-exchange activities, as may be required from time to time; provided, however, that the Agent shall be as fully responsible to the Company for the acts and omissions of any subcontractor
as it is for its own acts and omissions. 
  

	15.	Third Party Beneficiaries. 

 Except as explicitly stated elsewhere in this Agreement, nothing under this Agreement shall be construed to give any rights or benefits in this Agreement to anyone other than the Agent and the Company and
the duties and responsibilities undertaken pursuant to this Agreement shall be for the sole and exclusive benefit of the Agent and the Company. Neither party shall make any commitments with third parties that are binding on the other party without
the other party’s prior written consent. 
  

	16.	Governing Law. 

The validity, interpretation and performance of this Agreement shall be governed by the law of the Commonwealth of Massachusetts.

  

	17.	Partnership. 

 This
Agreement does not constitute an agreement for a partnership or joint venture between the Agent and the Company. 
  

	18.	Force Majeure. 

 In
the event either party is unable to perform its obligations under the terms of this Agreement because of acts of God, strikes, terrorist acts, equipment or transmission failure or damage reasonably beyond its control, or other cause reasonably
beyond its control, such party shall not be liable for damages to the other for any damages resulting from such failure to perform or otherwise from such causes. Performance under this Agreement shall resume when the affected party or parties are
able to perform substantially that party’s duties. 
  

	19.	Consequential Damages. 

 Neither party to this Agreement shall be liable to the other party for any consequential, indirect, special or incidental damages under any provisions of this Agreement or for any consequential, indirect,
penal, special or incidental damages arising out of any act or failure to act hereunder even if that party has been advised of or has foreseen the possibility of such damages. 

	20.	Severability. 

 If any provision of
this Agreement shall be held invalid, unlawful, or unenforceable, the validity, legality, and enforceability of the remaining provisions shall not in any way be affected or impaired. 

 

	21.	Counterparts. 

 This Agreement may
be executed in one or more counterparts, each of which shall be deemed an original and all of which together shall be considered one and the same agreement. 
  

	22.	Captions. 

 The captions and
descriptive headings herein are for the convenience of the parties only. They do not in any way modify, amplify, alter or give full notice of the provisions hereof. 
  

	23.	Confidentiality. 

 23.1
Definition. Each party acknowledges and understands that any and all technical, trade secret, or business information, including, without limitation, financial information, business or marketing strategies or plans, product development,
Company information, Shareholder information (including any non-public information of such Shareholder), proprietary information, or proprietary software (including methods or concepts used therein, sources code, object code, or related technical
information) which has been or is disclosed to the other or has been or is otherwise obtained by the other, its affiliates, agents or representatives before or during the term of this Agreement (the “Confidential Information”) is
confidential and proprietary, constitutes trade secrets of the owner (or its affiliates), and is of great value and importance to the success of the owner’s (or its affiliates’) business. The parties shall treat the terms and conditions
(but not the existence) of this Agreement as the Confidential Information of the other party. Confidential Information shall not include any information that is: (a) already known to the other party or its affiliates at the time of the
disclosure; (b) publicly known at the time of the disclosure or becomes publicly known through no wrongful act or failure of the other party; (c) subsequently disclosed to the other party or its affiliates on a non-confidential basis by a
third party not having a confidential relationship with the owner and which rightfully acquired such information; or (d) independently developed by one party without access to the Confidential Information of the other. 

23.2. Use and Disclosure. All Confidential Information relating to a party will be held in confidence by the other party to the same extent and
with at least the same degree of care as such party protects its own confidential or proprietary information of like kind and import, but in no event using less than a reasonable degree of care. Neither party will disclose, duplicate, publish,
release, transfer or otherwise make available Confidential Information of the other party in any form to, or for the use or benefit of, any person or entity without the other party’s consent. Each party will, however, be permitted to disclose
relevant aspects of the other party’s Confidential Information to its officers, affiliates, agents, subcontractors and employees to the extent that such disclosure is reasonably necessary for the performance of its duties and obligations under
this Agreement and such disclosure is not prohibited by the Gramm-Leach-Bliley Act of 1999 (15 U.S.C. 6801 et seq.), as it may be amended from time to time (the “GLB Act”), the regulations promulgated thereunder or other applicable law.
Each party will establish commercially reasonable controls to ensure that the confidentiality of the Confidential Information and to ensure that the Confidential Information is not disclosed contrary to the provisions of this Agreement, the GLB Act
or any other applicable privacy law. Without limiting the foregoing, each party will implement such physical and other security measures as are necessary to (a) ensure the security and confidentiality of the Confidential Information;
(b) protect against any threats or hazards to the security and integrity of the Confidential Information; and (c) protect against any unauthorized access to or use of the Confidential Information. To the extent that any

 
duties and responsibilities under this Agreement are delegated to an agent or other subcontractor, the party ensures that such agent and subcontractor are contractually bound to confidentiality
terms consistent with the terms of this Section 23. 
 23.3. Required or Permitted Disclosure. In the event that any
requests or demands are made for the disclosure of Confidential Information, other than requests to Agent for records of Shareholders pursuant to standard subpoenas from state or federal government authorities (e.g., in divorce and criminal
actions), the party will notify the other party to secure instructions from an authorized officer of such party as to request and to enable the other party the opportunity to obtain a protective order or other confidential treatment. Each party
expressly reserves the right, however, to disclose the Confidential Information to any person whenever it is advised by counsel that it may be held liable for the failure to disclose such Confidential Information or if required by law or court
order.  
 23.4 Unauthorized Disclosure. As may be required by law and without limiting either party’s rights
in respect of a breach of this Section, each party will: 
  

	 	(a)	promptly notify the other party in writing of any unauthorized possession, use or disclosure of the other party’s Confidential Information by any person or entity
that may become known to such party; 

  

	 	(b)	promptly furnish to the other party full details of the unauthorized possession, use or disclosure; and 

 

	 	(c)	promptly use commercially reasonable efforts to prevent a recurrence of any such unauthorized possession, use or disclosure of Confidential Information.

 23.5 Costs. Each party will bear the costs it incurs as a result of compliance with this Section 23. 

 

	24.	Term and Termination. 

 This Agreement shall remain in effect until the earlier of (a) thirty (30) days after the Expiration Date; (b) it is terminated by either party upon a material breach of this Agreement
which remains uncured for 30 days after written notice of such breach has been provided; or (c) 30 days’ written notice has been provided by either party to the other. Upon termination of the Agreement, the Agent shall retain all canceled
Certificates and related documentation as required by applicable law. 
  

	25.	Notices. 

 Until
further notice in writing by either party hereto to the other party, all written reports, notices and other communications between the Agent and the Company required or permitted hereunder shall be delivered or mailed by first class mail, postage
prepaid, telecopy or overnight courier guaranteeing next day delivery, addressed as follows: 
 If to the Company, to:

 Simon Worldwide 
 18952 MacArthur Boulevard, Ste. 470 
 Irvine, CA 92612 

Attn: Chief Financial Officer 
 If to the Agent, to: 
 Computershare Trust Company, N.A. 

c/o Computershare Inc. 
 250 Royall Street 
 Canton, MA 02021 

Attn: Reorganization Department 

	26.	Survival. 

 The
provisions of Paragraphs 12, 15, 17-19, 22, and 24-31 shall survive any termination, for any reason, of this Agreement. 
  

	27.	Merger of Agreement. 

 This Agreement constitutes the entire agreement between the parties hereto and supersedes any prior agreement with respect to the subject matter hereof whether oral or written. 

 

	28.	Priorities. 

 In
the event of any conflict, discrepancy, or ambiguity between the terms and conditions contained in this Agreement and any schedules or attachments hereto, the terms and conditions contained in this Agreement shall take precedence. 

 

	29.	Successors. 

 All
the covenants and provisions of this Agreement by or for the benefit of the Company or the Agent shall bind and inure to the benefit of their respective successors and assigns hereunder. 

 

	30.	No Strict Construction. 

 The parties hereto have participated jointly in the negotiation and drafting of this Agreement. In the event any ambiguity or question of intent or interpretation arises, this Agreement shall be construed
as if drafted jointly by all parties hereto, and no presumption or burden of proof shall arise favoring or disfavoring any party by virtue of the authorship of any provision of this Agreement. 

 

	31.	Descriptive Headings.  

 Descriptive headings contained in this Agreement are inserted for convenience only and shall not control or affect the meaning or construction of any of the provisions hereof. 

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

COMPUTERSHARE TRUST COMPANY, N.A. 

and COMPUTERSHARE, INC. 
  

			
	By:	 	 /s/ Thomas Borbely

	Title:	 	 MANAGER, CORPORATE ACTIONS

	Date:	 	 07/11/2013

 SIMON WORLDWIDE, INC. 
  

			
	By:	 	 /s/ Terrence Wallock

	Title:	 	 Secretary and General Counsel

	Date:	 	 07/11/2013

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