Document:

exv10w2

Exhibit 10.2

AMENDMENT NO. 2

     THIS AMENDMENT NO. 2, dated as of February 18, 2009 (this “Amendment”), of that
certain Credit Agreement referenced below is by and among Euronet Worldwide, Inc., a Delaware
corporation (“EWI”), certain Subsidiaries and Affiliates of EWI identified herein, as
Borrowers and Guarantors, the undersigned Lenders, Bank of America, N.A., as Administrative Agent
for Domestic Loan Obligations and F/X Obligations and, acting through its Mumbai Branch, as
Administrative Agent for all India Obligations, and Bank of America, as Collateral Agent.
Capitalized terms used but not otherwise defined herein shall have the meanings provided in the
Credit Agreement.

W I T N E S S E T H

     WHEREAS, multicurrency revolving and institutional term loan facilities have been established
in favor of the Borrowers pursuant to the terms of that certain Credit Agreement, dated as of April
4, 2007 (as amended, restated, extended, supplemented or otherwise modified from time to time, the
“Credit Agreement”), among the Borrowers named therein, the Guarantors named therein, the
Lenders identified therein, Bank of America, N.A., as Administrative Agent for Domestic Loan
Obligations and F/X Obligations and, acting through its Mumbai Branch, as Administrative Agent for
all India Obligations, and Bank of America, as Collateral Agent;

     WHEREAS, EWI has requested certain modifications to the Credit Agreement;

     WHEREAS, the Lenders have agreed to the requested modifications on the terms and conditions
set forth herein;

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

     1. Acknowledgment. Section 2.06(b)(vi) of the Credit Agreement provides for certain
mandatory prepayments and termination of Commitments unless certain conditions are satisfied with
respect to the Convertible Debentures, including demonstration by EWI of sufficient liquidity and
pro forma compliance with the financial covenants. Acknowledgment is hereby given that EWI has
satisfied the conditions in subclause (B) of Section 2.06(b)(vi) such that no mandatory prepayment
is required in respect of the next Repurchase Date for the Convertible Debentures.

     2. Amendments to the Credit Agreement. The Credit Agreement is amended as follows:

     2.1 Section 1.01 (Definitions) is amended in the following respects:

     (a) The definition of “Consolidated EBITDA” is amended to read as follows:

     “Consolidated EBITDA” means, for any period for the Consolidated Group,
without duplication, the sum of (i) operating income, plus (ii)
depreciation, plus (iii) amortization,  plus (iv) interest income
from the operations of the Prepaid Processing Segment, plus (v) certain
one-time non-cash charges with the consent of the Administrative Agent and the
Required Lenders, plus (vi) non-cash expenses recognized pursuant to FASB
Statement No. 123(R) (Share-Based Payments) plus (vii) net income from joint
ventures and other minority interests owned by members of the Consolidated Group
when and as earned and received plus (viii) to the extent deducted in the
calculation of operating income, charges resulting from the proposed acquisition of
MoneyGram International, Inc. in an aggregate amount not to exceed $4 million
plus (ix)

 

 

to the extent deducted in the calculation of operating income, one-time
non-cash charges for impairment of goodwill or other intangible assets taken during
the period ending December 31, 2008 and thereafter; provided that (A)
appropriate adjustments will be made in subsequent periods where cash payments are
subsequently made in respect of non-cash charges previously excluded under clauses
(v) and (vi) and (B) such calculations to exclude the effect of extraordinary gains
and losses and tax effects relating thereto Except as otherwise expressly provided,
the applicable period shall be the four consecutive fiscal quarters ending as of the
date of determination.

     (b) The “except” clause in the definition of “Debt Transactions” is amended to read as
follows:

     , except for Funded Debt permitted to be incurred pursuant to clauses
(a) through (o) of Section 8.03.

     (c) Clause (f) of the definition of “Equity Transactions” is amended to read as
follows:

     (f) of Capital Stock the proceeds of which are used to make payments permitted
on the Convertible Debentures in accordance with Section 8.10(b)(iii),
Section 8.10(b)(iv) or the “Notwithstanding” sentence at the end of Section
8.10.

     (d) The definition of “Permitted Disposition” is amended by deleting the “and” at the
end of clause (b), relabeling clause (c) as clause (d), and adding a new clause (c) to read
as follows:

     (c) the contribution of all or any portion of the assets of, or the equity
interests in, certain subsidiaries organized and operating in Spain (including
Euronet Movilcarga S.L. and Euronet Telerecarga, S.L.) into a non-wholly owned joint
venture otherwise permitted hereunder; and

     2.2 In Section 2.06(b)(ii)(B) (Prepayments), the reference to “clause (b)” in the first
parenthetical is amended to be a reference to “clause (b) or (c)”.

     2.3 In Section 7.11 (Use of Proceeds), the proviso is amended to read as follows:

provided that, notwithstanding anything contained herein to the contrary,
Credit Extensions may not be used for the repurchase or redemption of the
Convertible Debentures (it being understood that Credit Extensions shall not be
deemed to have been so used solely because Credit Extensions are outstanding at the
time of such repurchases or redemptions).

     2.4 Section 8.01 (Liens) is amended in the following respects:

     (a) Subclause (m) is amended to read as follows:

     (m) rights or Liens granted to (1) vendors or suppliers of products, content or
services distributed or provided through processing networks of the Consolidated
Group (including, without limitation, those that supply PIN’s, on-line mobile or
long distance phone time (including, without limitation, telephone operators and
other vendors or suppliers, including Transport for London; distributors of prepaid
music, television and

2

 

other services; and issuers of gift cards and other stored value cards)) in the
products or content supplied (including, without limitation, PIN inventory, PIN
accounts receivable (including the rights and Liens of mobile operators in the
Mobile Network Trust Arrangement) and any restricted cash accounts associated with
the purchase or sale of those products or content or (2) correspondent payout agents
to facilitate money transfers;

     (b) Subclause (o) is amended to read as follows:

     (o) cash collateral in an aggregate amount of up to €35 million to secure
letters of credit or bank guarantees permitted by Section 8.03(l);

     2.5 Section 8.02 (Investments) is amended in the following respects:

     (a) Clause (i) is amended in the following respects:

     (1) In subclause (i), the references to “$25 million” are amended to read “$50
million”; and

     (2) Subclause (iii) is amended to read “Foreign Subsidiaries that are organized
and operating under the laws of the Peoples Republic of China, whether or not
wholly-owned and whether or not a Guarantor, in an aggregate principal amount not to
exceed an amount equal to the remainder of $50 million minus the aggregate amount of
Indebtedness outstanding under Sections 8.03(e)(iii)(A) and 8.03(o)(iv)”.

     (b) Clause (j) is amended to change the section reference at the end of the section
from “Section 8.03(m)” to “Section 8.03(n)”.

     (c) The existing subclause (m) is relabeled as subclause (n) and a new subclause (m) is
added as follows:

     (m) the contribution of all or any portion of the assets of, or the equity
interests in, certain subsidiaries organized and operating in Spain (including
Euronet Movilcarga, S.L. and Euronet Telerecarga, S.L.) into a non-wholly owned
joint venture otherwise permitted hereunder; and

     2.6 Section 8.03 (Indebtedness) is amended in the following respects:

     (a) Subclause (iv) of clause (c) is amended to read as follows:

     (iv) the covenants, terms and provisions of the indenture, note purchase
agreement, credit agreement or other governing instrument will not be less favorable
to EWI and the Consolidated Group, in any material respect, than the indenture
governing the Convertible Subordinated Debentures; provided that the conversion rate
may be less favorable to EWI and the Consolidated Group;

     (b) Subclause (iii) of the proviso of clause (e) is amended to read as follows:

     (iii) the aggregate principal amount of all such Indebtedness shall not exceed
(A) in the case of members of the Consolidated Group organized and operating in the
Peoples Republic of China, an amount, at any time, equal to the remainder of $50
million minus the aggregate amount of Investments under Section 8.02(i)(iii) and the
aggregate amount

3

 

of Indebtedness outstanding under Section 8.03(o)(iv), and (B) in the case of
members of the Consolidated Group other than members that are organized and
operating in the Peoples Republic of China, $40 million at any time;

     (c) Clause (l) is amended to read as follows:

     (l) Indebtedness of up to €35 million under letters of credit or bank
guaranties (net of cash collateral provided therefor) required by (1) vendors or
suppliers of products, content or services distributed or provided through
processing networks of the Consolidated Group (including, without limitation, those
that supply PIN’s, on-line mobile or long distance phone time (including, without
limitation, telephone operators and other vendors or suppliers, including Transport
for London; distributors of prepaid music, television and other services; and
issuers of gift cards and other stored value cards)) in the products or content
supplied (including, without limitation, PIN inventory, PIN accounts receivable
(including the rights and Liens of mobile operators in the Mobile Network Trust
Arrangement) and any restricted cash accounts associated with the purchase or sale
of those products or content or (2) correspondent payout agents to facilitate money
transfers;

     (d) Clause (o) is amended to read as follows:

     (o) other Funded Debt not contemplated in the foregoing clauses of this Section
in an aggregate principal amount not to exceed (i) $10 million, in the case of EWI,
(ii) $5 million, in the case of any member of the Consolidated Group other than EWI
and members of the Consolidated Group that are organized and operating in the
Peoples Republic of China, (iii) $30 million in the aggregate for all members of the
Consolidated Group other than EWI and members of the Consolidated Group that are
organized and operating in the Peoples Republic of China, and (iv) an amount, at any
time, equal to the remainder of $50 million minus the aggregate amount of
Investments under Section 8.02(i)(iii) and the aggregate amount of Indebtedness
outstanding under Section 8.02(e)(iii)(A), in the aggregate for all members of the
Consolidated Group that are organized and operating in the Peoples Republic of
China; and

     2.7 Clause (g) of Section 8.06 (Restricted Payments) is amended to read:

     (g) EWI may redeem, retire, repurchase or acquire for value and otherwise make payments
with respect to the Convertible Debentures pursuant to the terms and conditions set forth in
Section 8.10.

     2.8 Section 8.10 (Covenants Regarding Convertible Debentures and Other Subordinated Debt) is
amended in the following respects:

     (a) Clause (b) is amended as follows:

     (1) in subclause (iii) all references to the “Convertible Debentures” are
amended to read “Convertible Subordinated Debentures”;

     (2) the “and” at the end of subclause (ii) is deleted and an “and” is inserted
at the end of subclause (iii); and

4

 

     (3) a new clause (iv) is added providing “the redemption, retirement,
repurchase, or acquisition for value of the Convertible Subordinated Debentures, at
any time and from time to time, (A) in connection with a refinancing, refunding,
renewal or extension of the Convertible Subordinated Debentures otherwise permitted
under Section 8.03(c), (B) in exchange for Capital Stock of EWI issued directly to
the holders of the Convertible Subordinated Debentures or (C) with the proceeds of
an Equity Transaction permitted for such purpose hereunder.”

     (b) The “Notwithstanding” sentence at the end of Section 8.10 is amended to read as
follows:

     “Notwithstanding the foregoing, EWI shall be permitted to redeem, repurchase,
retire or acquire, at any time and from time to time, Convertible Senior Debentures
(whether for cash and/or in exchange for Capital Stock of EWI) so long as no Default
or Event of Default shall exist immediately before or immediately after giving
effect to such redemption, repurchase, retirement or acquisition.”

     2.9 Section 8.13(a) (Consolidated Net Worth) is amended to read as follows:

     (a) Consolidated Net Worth. At any time, permit Consolidated Net Worth to be
less than the sum of (i) 75% of Consolidated Net Worth (as established by the financial
statements delivered pursuant to Section 7.01(b) for the fiscal quarter ending March 31,
2007) after giving effect to the RIA Acquisition on a Pro Forma Basis plus (ii) an
amount equal to 50% of cumulative Consolidated Net Income (but not less than zero) from the
end of the first fiscal quarter to occur after the Closing Date, plus (iii) an
amount equal to 75% of net cash proceeds from Equity Transactions occurring after the
Closing Date, minus (iv) one-time non-cash charges for impairment of goodwill or
other intangible assets taken during the period ending December 31, 2008 and thereafter to
the extent not included in the foregoing clause (ii) hereof.

     2.10 The Domestic Security Agreement is amended such that (a) each reference in Section 5(k)
and (l) thereof to a Patent, Trademark or Copyright is amended by inserting the word “material”
immediately prior to such reference and (b) the portion of Schedule 1(b) (Intellectual Property)
thereto relating to Patents is amended to read as attached hereto. Certain information on the
version of that schedule delivered at closing was incomplete or inaccurate. The corrected schedule
is provided with the intent to address and correct such items. Further, by execution of this
Amendment, the Lenders waive any Default or Event of Default that exists, or may have existed, on
account of the foregoing but that would not have existed had the amendments provided for by this
Section 2.10 been in effect at the relevant time.

     3. EWI’s Objection to FASB 141(R). As permitted by Section 1.03(c) of the Credit
Agreement, EWI hereby objects to determining compliance with any financial ratio or requirement set
forth in any Credit Documents under the computations required by FASB Statement No. 141(R)
(Business Combinations) and the Lenders hereby acknowledge that such computations shall continue to
be made on a basis consistent with the most recent financial statements delivered by EWI under
Section 7.01(b).

     4. Conditions Precedent. This Amendment shall be effective (such date on which this
Amendment becomes effective, the “Amendment No. 2 Effectiveness Date”) immediately upon
satisfaction of the following conditions:

5

 

     (a) Executed Amendment. Receipt by the Administrative Agent of multiple
counterparts of this Amendment duly executed by the Credit Parties, the Required Lenders and
the Administrative Agent.

     (b) Legal Opinions. Receipt by the Administrative Agent of favorable legal
opinions of counsel for EWI and the other Domestic Credit Parties, in form and substance
reasonably satisfactory to the Administrative Agent and the requisite Lenders.

     (c) Organization Documents, Incumbency, Resolutions, Etc. Receipt by the
Administrative Agent of the following, each of which shall be originals or facsimiles
(followed promptly by originals), in form and substance satisfactory to the Administrative
Agent:

     (i) copies of the Organization Documents of each Domestic Credit Party
certified to be true and complete as of a recent date by the appropriate
Governmental Authority of the state or other jurisdiction of its incorporation or
organization, where applicable, and certified by a secretary or assistant secretary
of such Domestic Credit Party to be true and correct as of the date of this
Amendment, unless a Responsible Officer of EWI certifies in a certificate that the
Organization Documents previously delivered to the Administrative Agent in
connection with the Credit Agreement have not been amended, supplemented or
otherwise modified and remain in full force and effect as of the date hereof;

     (ii) incumbency certificates identifying the Responsible Officers of the
Domestic Credit Parties who are authorized to execute this Amendment and related
documents and to act on the Domestic Credit Parties behalf in connection with this
Amendment and the Credit Documents, unless a Responsible Officer of EWI certifies in
a certificate that the incumbency certificates previously delivered to the
Administrative Agent in connection with the Credit Agreement have not been amended,
supplemented or otherwise modified and remain in full force and effect as of the
date hereof.

     (iii) such certificates of resolutions or other action, incumbency certificates
and/or other certificates of Responsible Officers of each Domestic Credit Party as
the Administrative Agent may require evidencing the identity, authority and capacity
of each Responsible Officer thereof authorized to act as a Responsible Officer in
connection with this Amendment; and

     (iv) such documents and certifications as the Administrative Agent may
reasonably require to evidence that each Domestic Credit Party is duly organized or
formed, and is validly existing, and in good standing in its state of organization
or formation.

     (d) Receipt by the Administrative Agent of (i) a fee, for the benefit of the Lenders
consenting to this Amendment, in an amount equal to one half of one percent (0.50%) of the
aggregate amount of such consenting Lenders’ loans and commitments under the Credit
Agreement and (ii) all other fees and expenses required to be paid on or before the
Amendment No. 2 Effectiveness Date.

     5. Effectiveness of Amendment. On and after the date hereof, all references to the
Credit Agreement in each of the Credit Documents shall hereafter mean the Credit Agreement as
amended by this Amendment. For purposes of clarification, all financial covenant calculations with
respect to periods prior to the Amendment No. 2 Effectiveness Date will be made using the financial
definitions and

6

 

covenants as amended by this Amendment. Except as specifically amended hereby or otherwise
agreed, the Credit Agreement is hereby ratified and confirmed and shall remain in full force and
effect according to its terms.

     6. Representations and Warranties; Defaults. The Credit Parties hereby affirm each of
the following:

     (a) all necessary action to authorize the execution, delivery and performance of this
Amendment has been taken;

     (b) after giving effect to this Amendment, the representations and warranties set forth
in the Credit Agreement and the other Credit Documents are true and correct in all material
respects as of the date hereof (except to the extent that such representations and
warranties specifically refer to an earlier date, in which case they shall be true and
correct as of such earlier date, and except that for purposes of this Section 6, the
representations and warranties contained in subsections (a) and (b) of Section 6.05 of the
Credit Agreement shall be deemed to refer to the most recent statements furnished pursuant
to clauses (a) and (b), respectively, of Section 7.01 of the Credit Agreement).

     (c) except as waived in Section 2.10 of this Amendment, before and after giving
effect to this Amendment, no Default or Event of Default shall exist; and

     (d) except as expressly provided otherwise herein, the liens and security interests
created and granted in the Credit Documents remain in full force and effect and this
Amendment is not intended to adversely affect or impair such liens and security interests in
any manner.

     7. Full Force and Effect. Except as modified hereby, all of the terms and provisions
of the Credit Agreement and the other Credit Documents (including schedules and exhibits thereto)
shall remain in full force and effect.

     8. Reaffirmation of Security Interests. The Credit Parties (a) affirm that each of
the liens granted in or pursuant to the Credit Documents are valid and subsisting and (b) agree
that this Amendment shall in no manner impair or otherwise adversely effect any of the liens
granted in or pursuant to the Credit Documents.

     9. Counterparts. This Amendment may be executed in any number of counterparts, each
of which when so executed and delivered shall be deemed an original, and it shall not be necessary
in making proof of this Amendment to produce or account for more than one such counterpart.
Delivery by any party hereto of an executed counterpart of this Amendment by facsimile shall be
effective as such party’s original executed counterpart and shall constitute a representation that
such party’s original executed counterpart will be delivered.

     10. Fees and Expenses. The Credit Parties agree to pay all reasonable costs and
expenses of the Administrative Agent in connection with the preparation, execution and delivery of
this Amendment, including the reasonable fees and expenses of Moore & Van Allen, PLLC.

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

[SIGNATURES ON FOLLOWING PAGES]

7

 

     IN WITNESS WHEREOF, each of the parties hereto has caused a counterpart of this Amendment to
be duly executed and delivered as of the date first above written.

	 	 	 	 	 	 	 
	DOMESTIC BORROWERS:	 	EURONET WORLDWIDE, INC.
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Rick Weller	 	 
	 

	 	 	 	 	 	 
	 	 	Name: Rick L. Weller
	 	 	Title: EVP & CFO
	 
	 	 	 	 	 	 
	 	 	EURONET PAYMENTS & REMITTANCE, INC.
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Eric Mettemeyer	 	 
	 

	 	 	 	 	 	 
	 	 	Name: Eric Mettemeyer
	 	 	Title: Treasurer
	 
	 	 	 	 	 	 
	 	 	RIA ENVIA, INC.
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Juan Bianchi	 	 
	 

	 	 	 	 	 	 
	 	 	Name: Juan C. Bianchi
	 	 	Title: President & CEO
	 
	 	 	 	 	 	 
	 	 	CONTINENTAL EXCHANGE SOLUTIONS, INC.
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Juan Bianchi	 	 
	 

	 	 	 	 	 	 
	 	 	Name: Juan C. Bianchi
	 	 	Title: President & CEO
	 
	 	 	 	 	 	 
	DOMESTIC GUARANTORS:	 	EURONET WORLDWIDE, INC.
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Rick Weller	 	 
	 

	 	 	 	 	 	 
	 	 	Name: Rick L. Weller
	 	 	Title: EVP & CFO
	 
	 	 	 	 	 	 
	 	 	EURONET PAYMENTS & REMITTANCE, INC.
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Eric Mettemeyer	 	 
	 

	 	 	 	 	 	 
	 	 	Name: Eric Mettemeyer
	 	 	Title: Treasurer

EURONET WORLDWIDE, INC.
AMENDMENT NO. 2

 

 

	 	 	 	 	 	 	 
	 	 	EURONET USA, INC.
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Jeff Newman	 	 
	 

	 	 	 	 	 	 
	 	 	Name: Jeff Newman
	 	 	Title: Vice President & Secretary
	 
	 	 	 	 	 	 
	 	 	PAYSPOT, INC.
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Eric Mettemeyer	 	 
	 

	 	 	 	 	 	 
	 	 	Name: Eric Mettemeyer
	 	 	Title: President
	 
	 	 	 	 	 	 
	 	 	RIA ENVIA, INC.
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Juan Bianchi	 	 
	 

	 	 	 	 	 	 
	 	 	Name: Juan C. Bianchi
	 	 	Title: President & CEO
	 
	 	 	 	 	 	 
	 	 	CONTINENTAL EXCHANGE SOLUTIONS, INC.
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Juan Bianchi	 	 
	 

	 	 	 	 	 	 
	 	 	Name: Juan C. Bianchi
	 	 	Title: President & CEO
	 
	 	 	 	 	 	 
	 	 	RIA TELECOMMUNICATIONS OF NEW YORK, INC.
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Juan Bianchi	 	 
	 

	 	 	 	 	 	 
	 	 	Name: Juan C. Bianchi
	 	 	Title: President & CEO
	 
	 	 	 	 	 	 
	F/X BORROWERS:	 	EFT SERVICES HOLDINGS BV
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Jeff Newman	 	 
	 

	 	 	 	 	 	 
	 	 	Name: Jeff Newman
	 	 	Title: EVP, Euronet Worldwide, Inc., Managing
Director
	 
	 	 	 	 	 	 
	 	 	DELTA EURONET GmbH
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Roger Heinz	 	 
	 

	 	 	 	 	 	 
	 	 	Name: Roger Heinz
	 	 	Title: SVP, Managing Director EEFT

EURONET WORLDWIDE, INC.
AMENDMENT NO. 2

 

 

	 	 	 	 	 	 	 
	 	 	E-PAY HOLDINGS LTD
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Jeff Newman	 	 
	 

	 	 	 	 	 	 
	 	 	Name: Jeff Newman
	 	 	Title: Director
	 
	 	 	 	 	 	 
	F/X GUARANTORS:	 	EFT SERVICES HOLDINGS BV
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Jeff Newman	 	 
	 

	 	 	 	 	 	 
	 	 	Name: Jeff Newman
	 	 	Title: EVP Euronet Worldwide, Inc., Managing Director
	 
	 	 	 	 	 	 
	 	 	DELTA EURONET GmbH
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Roger Heinz	 	 
	 

	 	 	 	 	 	 
	 	 	Name: Roger Heinz
	 	 	Title: SVP, Managing Director EEFT
	 
	 	 	 	 	 	 
	 	 	E-PAY HOLDINGS LTD
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Jeff Newman	 	 
	 

	 	 	 	 	 	 
	 	 	Name: Jeff Newman
	 	 	Title: EVP Euronet Worldwide, Inc., Managing Director
	 
	 	 	 	 	 	 
	 	 	RIA FINANCIAL SERVICES AUSTRALIA PTY LTD
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Juan Bianchi	 	 
	 

	 	 	 	 	 	 
	 	 	Name: Juan C. Bianchi
	 	 	Title: Director
	 
	 	 	 	 	 	 
	 	 	E-PAY AUSTRALIA PTY LIMITED
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Gareth Gumbley	 	 
	 

	 	 	 	 	 	 
	 	 	Name: Gareth Gumbley
	 	 	Title: Director, SVP

EURONET WORLDWIDE, INC.
AMENDMENT NO. 2

 

 

	 	 	 	 	 	 	 
	 	 	E-PAY AUSTRALIA HOLDINGS PTY LTD
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Gareth Gumbley	 	 
	 

	 	 	 	 	 	 
	 	 	Name: Gareth Gumbley
	 	 	Title: Director, SVP
	 
	 	 	 	 	 	 
	 	 	EURONET SERVICES GmbH
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Roger Heinz	 	 
	 

	 	 	 	 	 	 
	 	 	Name: Roger Heinz
	 	 	Title: SVP, Managing Director EEFT
	 
	 	 	 	 	 	 
	 	 	RIA ENVIA FINANCIAL SERVICES GmbH
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Wolf-Dieter Weschke	 	 
	 

	 	 	 	 	 	 
	 	 	Name: Wolf-Dieter Weschke
	 	 	Title: Managing Director
	 
	 	 	 	 	 	 
	 	 	TRANSACT ELEKTRONISCHE
 ZAHLUNGSSYSTEME GmbH
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Marc Ehler	 	 
	 

	 	 	 	 	 	 
	 	 	Name: Marc Ehler
	 	 	Title: Managing Director
	 
	 	 	 	 	 	 
	 	 	EURONET BANKTECHNIKAI SZOLGÁLTATÓ 
KORLÁTOLT

FELELÕSSÉGÛ TÁRSASÁG
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Erika Schalkhammer	 	 
	 

	 	 	 	 	 	 
	 	 	Name: Erika Schalkhammer
	 	 	Title: Managing Director/Country Manager
	 
	 	 	 	 	 	 
	 	 	EURONET ADMINISZTRÁCIÓS SZOLGÁLTATÓ
 KORLÁTOLT

FELELÕSSÉGÛ TÁRSASÁG
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Va’Rady-Szabo Bence	 	 
	 

	 	 	 	 	 	 
	 	 	Name: Bence Va’Rady-Szabo
	 	 	Title: Managing Director, EEFT Finance Director

EURONET WORLDWIDE, INC.
AMENDMENT NO. 2

 

 

	 	 	 	 	 	 	 
	 	 	EURONET PAY & TRANSACTION SERVICES S.R.L.
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Giuseppe Di Marco	 	 
	 

	 	 	 	 	 	 
	 	 	Name: Giuseppe Di Marco
	 	 	Title: Managing Director
	 
	 	 	 	 	 	 
	 	 	E-PAY NEW ZEALAND LIMITED
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Gareth Gumbley	 	 
	 

	 	 	 	 	 	 
	 	 	Name: Gareth Gumbley
	 	 	Title: Director, SVP
	 
	 	 	 	 	 	 
	 	 	EURONET TELERECARGA, S.L. SOCIEDAD UNIPERSONAL
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Jesus Sanchez Rios	 	 
	 

	 	 	 	 	 	 
	 	 	Name: Jesus Sanchez Rios
	 	 	Title: Sole Administrator
	 
	 	 	 	 	 	 
	 	 	E-PAY LIMITED
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ A. JT Westlake	 	 
	 

	 	 	 	 	 	 
	 	 	Name: Anthony JT Westlake
	 	 	Title: Director
	 
	 	 	 	 	 	 
	 	 	RIA FINANCIAL SERVICES LIMITED
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Marcela Gonzalez	 	 
	 

	 	 	 	 	 	 
	 	 	Name: Marcela Gonzalez
	 	 	Title: Director
	 
	 	 	 	 	 	 
	 	 	OMEGA LOGIC LIMITED
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Jeff Newman	 	 
	 

	 	 	 	 	 	 
	 	 	Name: Jeff Newman
	 	 	Title: Director

EURONET WORLDWIDE, INC.
AMENDMENT NO. 2

 

 

	 	 	 	 	 	 	 
	 	 	EURONET ESSENTIS LIMITED
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Antony Brown	 	 
	 

	 	 	 	 	 	 
	 	 	Name: Antony Brown
	 	 	Title: Director
	 
	 	 	 	 	 	 
	 	 	ENVIA TELECOMUNICACIONES, S.A.
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Sebastian Plubins	 	 
	 

	 	 	 	 	 	 
	 	 	Name: Sebastian Plubins
	 	 	Title: General Director
	 
	 	 	 	 	 	 
	 	 	EURONET BUSINESS HOLDINGS S.L.
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Jesus Sanchez Rios	 	 
	 

	 	 	 	 	 	 
	 	 	Name: Jesus Sanchez Rios
	 	 	Title: Sole Administrator
	 
	 	 	 	 	 	 
	 	 	RIA SPAIN HOLDINGS, S.L.
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Sebastian Plubins	 	 
	 

	 	 	 	 	 	 
	 	 	Name: Sebastian Plubins
	 	 	Title: General Director
	 
	 	 	 	 	 	 
	 	 	BANKOMAT 24/EURONET SP.Z.O.O.
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Marek Szafirski	 	 
	 

	 	 	 	 	 	 
	 	 	Name: Marek Szafirski
	 	 	Title: President
	 
	 	 	 	 	 	 
	INDIA BORROWER:	 	EURONET SERVICES INDIA PVT LTD.
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Jeff Newman	 	 
	 

	 	 	 	 	 	 
	 	 	Name: Jeff Newman
	 	 	Title: Director

EURONET WORLDWIDE, INC.
AMENDMENT NO. 2

 

 

	 	 	 	 	 	 	 
	ADMINISTRATIVE AGENT
	 	 	 	 	 	 
	(FOR DOMESTIC LOAN
	 	 	 	 	 	 
	OBLIGATIONS AND
	 	 	 	 	 	 
	F/X OBLIGATIONS):	 	BANK OF AMERICA, N.A.,
	 	 	as Administrative Agent
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Michael Brashler	 	 
	 

	 	 	 	 	 	 
	 	 	Name: Michael Brashler
	 	 	Title: Vice President

EURONET WORLDWIDE, INC.
AMENDMENT NO. 2

 

 

	 	 	 	 	 	 	 
	ADMINISTRATIVE AGENT
	 	 	 	 	 	 
	(FOR INDIA OBLIGATIONS):	 	BANK OF AMERICA, N.A., acting through its Mumbai Branch, as
Administrative Agent for all India related credit facilities
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Uday Nair	 	 
	 

	 	 	 	 	 	 
	 	 	Name: Uday Nair
	 	 	Title: VP, Corporate Debt Products
	 
	LENDERS:	 	BANK OF AMERICA, N.A.,
	 	 	as Domestic L/C Issuer, F/X L/C Issuer, Domestic
Swingline Lender and as a Lender
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Jeffrey P. Yoakum	 	 
	 

	 	 	 	 	 	 
	 	 	Name: Jeffrey P. Yoakum
	 	 	Title: Vice President

EURONET WORLDWIDE, INC.
AMENDMENT NO. 2

 

 

	 	 	 	 	 	 	 
	 	 	BANK OF AMERICA, N.A., acting through its Mumbai
Branch, as India Revolving Lender and India L/C
Issuer
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Uday Nair	 	 
	 

	 	 	 	 	 	 
	 	 	Name: Uday Nair
	 	 	Title: VP, Corporate Debt Products

EURONET WORLDWIDE, INC.
AMENDMENT NO. 2

 

 

	 	 	 	 	 	 	 
	 	 	BANK OF KANSAS CITY, N.A.
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Matthew J. Mason	 	 
	 

	 	 	 	 	 	 
	 	 	Name: Matthew J. Mason
	 	 	Title: Vice President

EURONET WORLDWIDE, INC.
AMENDMENT NO. 2

 

 

	 	 	 	 	 	 	 
	 	 	CALIFORNIA BANK & TRUST, A CALIFORNIA BANKING
CORPORATION
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Ursula St. Geme	 	 
	 

	 	 	 	 	 	 
	 	 	Name: Ursula St. Geme
	 	 	Title: Vice President

EURONET WORLDWIDE, INC.
AMENDMENT NO. 2

 

 

	 	 	 	 	 	 	 
	 	 	CITIBANK, N.A.
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Scott Miller	 	 
	 

	 	 	 	 	 	 
	 	 	Name: Scott Miller
	 	 	Title: Vice President

EURONET WORLDWIDE, INC.
AMENDMENT NO. 2

 

 

	 	 	 	 	 	 	 
	 	 	HARRINGTON BANK, A DIVISION OF LOS PADRES BANK
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Gregory L. Sweeney	 	 
	 

	 	 	 	 	 	 
	 	 	Name: Gregory L. Sweeney
	 	 	Title: Sr. Vice President

EURONET WORLDWIDE, INC.
AMENDMENT NO. 2

 

 

	 	 	 	 	 	 	 
	 	 	KEYBANK NATIONAL ASSOCIATION
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ David A. Wild	 	 
	 

	 	 	 	 	 	 
	 	 	Name: David A. Wild
	 	 	Title: Vice President

EURONET WORLDWIDE, INC.
AMENDMENT NO. 2

 

 

	 	 	 	 	 	 	 
	 	 	LLOYDS TSB BANK PLC
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Windsor R. Davies	 	 
	 

	 	 	 	 	 	 
	 	 	Name: Windsor R. Davies
	 	 	Title: Managing Director
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Carlos E. Lopez	 	 
	 

	 	 	 	 	 	 
	 	 	Name: Carlos E. Lopez
	 	 	Title: Associate Director

EURONET WORLDWIDE, INC.
AMENDMENT NO. 2

 

 

	 	 	 	 	 	 	 
	 	 	NATIONAL CITY BANK
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Michael Leong	 	 
	 

	 	 	 	 	 	 
	 	 	Name: Michel Leong
	 	 	Title: Vice President

EURONET WORLDWIDE, INC.
AMENDMENT NO. 2

 

 

	 	 	 	 	 	 	 
	 	 	U.S. BANK NATIONAL ASSOCIATION
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Kari E. Niermann	 	 
	 

	 	 	 	 	 	 
	 	 	Name: Kari E. Niermann
	 	 	Title: Assistant Vice President

EURONET WORLDWIDE, INC.
AMENDMENT NO. 2

 

 

	 	 	 	 	 	 	 
	 	 	GENERAL ELECTRIC CAPITAL CORPORATION
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Jeffrey Skinner	 	 
	 

	 	 	 	 	 	 
	 	 	Name: Jeffrey Skinner
	 	 	Title: Duly Authorized Signatory

EURONET WORLDWIDE, INC.
AMENDMENT NO. 2

 

 

	 	 	 	 	 	 	 
	 	 	STATE BANK OF INDIA
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Prabodh Parikh	 	 
	 

	 	 	 	 	 	 
	 	 	Name: Prabodh Parikh
	 	 	Title: Vice President & Head (Credit)

EURONET WORLDWIDE, INC.
AMENDMENT NO. 2

 

 

	 	 	 	 	 	 	 
	 	 	ABCLO 2007-1, LTD.
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Alliance Bernstein L.P., as manager	 	 
	 

	 	 	 	 	 	 
	 	 	Name: Michael E. Sohr
	 	 	Title: Senior Vie President

EURONET WORLDWIDE, INC.
AMENDMENT NO. 2

 

 

	 	 	 	 	 	 	 
	 	 	AIB DEBT MANAGEMENT LIMITED
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Joseph Augustini	 	 
	 

	 	 	 	 	 	 
	 	 	Name: Joseph Augustini
	 	 	Title: Senior Vice President 

Investment Advisor to 

AIB Debt Management, Limited
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Shane O’Driscoll	 	 
	 

	 	 	 	 	 	 
	 	 	Name: Shane O’Driscoll
	 	 	Title: Assistant Vice President 

Investment Advisor to 

AIB Debt Management, Limited

EURONET WORLDWIDE, INC.
AMENDMENT NO. 2

 

 

	 	 	 	 	 	 	 
	 	 	AMMC VIII, LIMITED
	 
	 	 	 	 	 	 
	 	 	By: American Money Management Corp.,
As Collateral Manager
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Chester M. Eng	 	 
	 

	 	 	 	 	 	 
	 	 	Name: Chester M. Eng
	 	 	Title: Senior Vice President

EURONET WORLDWIDE, INC.
AMENDMENT NO. 2

 

 

	 	 	 	 	 	 	 
	 	 	ATLANTIS FUNDING LTD.
	 
	 	 	 	 	 	 
	 	 	By: INVESCO Senior Secured Management, Inc.

As Collateral Manager
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Angela Gambardella	 	 
	 

	 	 	 	 	 	 
	 	 	Name: Angela Gambardella
	 	 	Title: Authorized Signatory

EURONET WORLDWIDE, INC.
AMENDMENT NO. 2

 

 

	 	 	 	 	 	 	 
	 	 	ARTUS LOAN FUND 2007-1, LTD.

BABSON CLO LTD. 2008-II
	 	 	By: Babson Capital Management LLC as Collateral

Manager
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Arthur McMahon	 	 
	 

	 	 	 	 	 	 
	 	 	Name: Arthur McMahon
	 	 	Title: Director
	 
	 	 	 	 	 	 
	 	 	VINASCA CLO, LTD.
	 	 	By: Babson Capital Management LLC as Collateral

Servicer
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Arthur McMahon	 	 
	 

	 	 	 	 	 	 
	 	 	Name: Arthur McMahon
	 	 	Title: Director

EURONET WORLDWIDE, INC.
AMENDMENT NO. 2

 

 

	 	 	 	 	 	 	 
	 	 	BAKER STREET FUNDING CLO 2005-I LTD.
	 	 	By: Seix Investment Advisors LLC, as

Collateral Manager
	 
	 	 	 	 	 	 
	 	 	BAKER STREET CLO II LTD.
	 	 	By: Seix Investment Advisors LLC, as

Collateral Manager
	 
	 	 	 	 	 	 
	 	 	GRAND HORN CLO LTD.
	 	 	By: Seix Investment Advisors LLC, as

Collateral Manager
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ George Goudelias	 	 
	 

	 	 	 	 	 	 
	 	 	Name: George Goudelias
	 	 	Title: Managing Director

EURONET WORLDWIDE, INC.
AMENDMENT NO. 2

 

 

	 	 	 	 	 	 	 
	 	 	CAVALRY CLO I, LTD.
	 	 	By: Regiment Capital Management, LLC

As its Investment Advisor
	 
	 	 	 	 	 	 
	 	 	By: Regiment Capital Advisors, LP
its Manager and pursuant to delegated
authority
	 
	 	 	 	 	 	 
	 	 	By: Regiment Capital Advisors, LLC

its General Partner
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Mark A. Brostowski	 	 
	 

	 	 	 	 	 	 
	 	 	Name: Mark A. Brostowski
	 	 	Title: Authorized Signatory

EURONET WORLDWIDE, INC.
AMENDMENT NO. 2

 

 

	 	 	 	 	 	 	 
	 	 	CIFC FUNDING 2007 - III, LTD.
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Nga Tran	 	 
	 

	 	 	 	 	 	 
	 	 	Name: Nga Tran
	 	 	Title: Head of Institutional Relationships

EURONET WORLDWIDE, INC.
AMENDMENT NO. 2

 

 

	 	 	 	 	 	 	 
	 	 	COLUMBUSNOVA CLO LTD. 2007-I
	 
	 	 	COLUMBUSNOVA CLO IV LTD. 2007-II
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Benjamin Peterson	 	 
	 

	 	 	 	 	 	 
	 	 	Name: Benjamin Peterson
	 	 	Title: Associate Director

EURONET WORLDWIDE, INC.
AMENDMENT NO. 2

 

 

	 	 	 	 	 	 	 
	 	 	CONFLUENT 3 LIMITED
	 	 	By: Morgan Stanley Investment Management Inc. 

As Investment Manager
	 
	 	 	 	 	 	 
	 	 	MORGAN STANLEY INVESTMENT

MANAGEMENT CROTON, LTD.
	 	 	By: Morgan Stanley Investment Management Inc. as 

Collateral Manager
	 
	 	 	 	 	 	 
	 	 	MSIM PECONIC BAY, LTD.
	 	 	By: Morgan Stanley Investment Management Inc. as 

Interim Collateral Manager
	 
	 	 	 	 	 	 
	 	 	QUALCOMM GLOBAL TRADING, INC.
	 	 	By: Morgan Stanley Investment Management Inc. as 

Investment Manager
	 
	 	 	 	 	 	 
	 	 	ZODIAC FUND - MORGAN STANLEY US

SENIOR LOAN FUND
	 	 	By: Morgan Stanley Investment Management Inc. as 

Investment Manager
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ John Hayes	 	 
	 

	 	 	 	 	 	 
	 	 	Name: John Hayes
	 	 	Title: Executive Director

EURONET WORLDWIDE, INC.
AMENDMENT NO. 2

 

 

	 	 	 	 	 	 	 
	 	 	CORNERSTONE CLO LTD.
	 	 	By: Stone Tower Debt Advisors LLC,

As its Collateral Manager
	 
	 	 	 	 	 	 
	 	 	GRANITE VENTURES I LTD.
	 	 	By: Stone Tower Debt Advisors LLC,

As its Collateral Manager
	 
	 	 	 	 	 	 
	 	 	RAMPART CLO 2006-1 LTD.
	 	 	By: Stone Tower Debt Advisors LLC,

As its Collateral Manager
	 
	 	 	 	 	 	 
	 	 	RAMPART CLO 2007 LTD.
	 	 	By: Stone Tower Debt Advisors LLC,

As its Collateral Manager
	 
	 	 	 	 	 	 
	 	 	STONE TOWER CLO III LTD.
	 	 	By: Stone Tower Debt Advisors LLC,

As its Collateral Manager
	 
	 	 	 	 	 	 
	 	 	STONE TOWER CLO IV LTD.
	 	 	By: Stone Tower Debt Advisors LLC,

As its Collateral Manager
	 
	 	 	 	 	 	 
	 	 	STONE TOWER CLO V LTD.
	 	 	By: Stone Tower Debt Advisors LLC,

As its Collateral Manager
	 
	 	 	 	 	 	 
	 	 	STONE TOWER CLO VI LTD.
	 	 	By: Stone Tower Debt Advisors LLC,

As its Collateral Manager
	 
	 	 	 	 	 	 
	 	 	STONE TOWER CLO VII LTD.
	 	 	By: Stone Tower Debt Advisors LLC,

As its Collateral Manager
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Michael W. DelPercio	 	 
	 

	 	 	 	 	 	 
	 	 	Name: Michael W. DelPercio
	 	 	Title: Authorized Signatory

EURONET WORLDWIDE, INC.
AMENDMENT NO. 2

 

 

	 	 	 	 	 	 	 
	 	 	DRYDEN XVIII LEVERAGED LOAN 2007 LTD.
	 	 	By: Prudential Investment Management, Inc. as
Collateral Manager
	 
	 	 	 	 	 	 
	 	 	DRYDEN XI — LEVERAGED LOAN CDO 2006
	 	 	By: Prudential Investment Management, Inc. as
Collateral Manager
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Stephen J. Collins	 	 
	 

	 	 	 	 	 	 
	 	 	Name: Stephen J. Collins
	 	 	Title: VP

EURONET WORLDWIDE, INC.
AMENDMENT NO. 2

 

 

	 	 	 	 	 	 	 
	 	 	EAGLE MASTER FUND LTD.
	 	 	By: Citigroup Alternative Investments LLC,

As Investment Manager for and on behalf of

Eagle Master Fund Ltd.
	 
	 	 	 	 	 	 
	 	 	REGATTA FUNDING LTD.
	 	 	By: Citigroup Alternative Investments LLC,

Attorney-in-fact
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Robert O’Brien	 	 
	 

	 	 	 	 	 	 
	 	 	Name: Robert O’Brien
	 	 	Title: VP

EURONET WORLDWIDE, INC.
AMENDMENT NO. 2

 

 

	 	 	 	 	 	 	 
	 	 	GALAXY IV CLO, LTD.
	 	 	By: AIG Global Investment Corp.

Its Collateral Manager
	 
	 	 	 	 	 	 
	 	 	GALAXY V CLO, LTD.
	 	 	By: AIG Global Investment Corp.

Its Collateral Manager
	 
	 	 	 	 	 	 
	 	 	GALAXY VIII CLO, LTD.
	 	 	By: AIG Global Investment Corp.
	 	 	Its Collateral Manager
	 
	 	 	 	 	 	 
	 	 	SATURN CLO, LTD.
	 	 	By: AIG Global Investment Corp.

As Collateral Manager
	 
	 	 	 	 	 	 
	 	 	AMERICAN INTERNATIONAL GROUP, INC.
	 	 	By: AIG Global Investment Corp.
	 	 	Its Investment Advisor
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Chang W. Chung	 	 
	 

	 	 	 	 	 	 
	 	 	Name: Chang W. Chung
	 	 	Title: Vice President

EURONET WORLDWIDE, INC.
AMENDMENT NO. 2

 

 

	 	 	 	 	 	 	 
	 	 	GOLDMAN SACHS ASSET MANAGEMENT CLO,

PUBLIC LIMITED COMPANY
	 	 	By: Goldman Sachs Asset Manager, L.P., as Manager
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ John Mack	 	 
	 

	 	 	 	 	 	 
	 	 	Name: John Mack
	 	 	Title: Vice President

EURONET WORLDWIDE, INC.
AMENDMENT NO. 2

 

 

	 	 	 	 	 	 	 
	 	 	GULF STREAM-COMPASS CLO 2005-II LTD.
	 	 	By: Gulf Stream Asset Management LLC.

As Collateral Manager
	 
	 	 	 	 	 	 
	 	 	GULF STREAM-COMPASS CLO 2007 LTD.
	 	 	By: Gulf Stream Asset Management LLC.

As Collateral Manager
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Barry Love	 	 
	 

	 	 	 	 	 	 
	 	 	Name: Barry Love
	 	 	Title: Chief Credit Officer

EURONET WORLDWIDE, INC.
AMENDMENT NO. 2

 

 

	 	 	 	 	 	 	 
	 	 	KINGSLAND V, LTD.
	 	 	By: Kingsland Capital Management, LLC.

As Manager
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Joyce C. DeLucca	 	 
	 

	 	 	 	 	 	 
	 	 	Name: Joyce C. DeLucca
	 	 	Title: Authorized Officer

EURONET WORLDWIDE, INC.
AMENDMENT NO. 2

 

 

	 	 	 	 	 	 	 
	 	 	FEINGOLD O’KEEFFE CAPITAL, LLC

As Collateral Manager for
	 	 	Lime Street CLO, Ltd.
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Scott D’Orsi	 	 
	 

	 	 	 	 	 	 
	 	 	Name: Scott D’Orsi
	 	 	Title: Portfolio Manager

EURONET WORLDWIDE, INC.
AMENDMENT NO. 2

 

 

	 	 	 	 	 	 	 
	 	 	MOUNTAIN CAPITAL CLO III LTD.
	 
	 	 	 	 	 	 
	 	 	MOUNTAIN CAPITAL CLO VI LTD.
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Candace Ebanks	 	 
	 

	 	 	 	 	 	 
	 	 	Name: Candace Ebanks
	 	 	Title: Director

EURONET WORLDWIDE, INC.
AMENDMENT NO. 2

 

 

	 	 	 	 	 	 	 
	 	 	OCTAGON INVESTMENT PARTNERS V, LTD.
	 	 	By: OCTAGON CREDIT INVESTORS, LLC
	 	 	AS PORTFOLIO MANAGER
	 
	 	 	 	 	 	 
	 	 	OCTAGON INVESTMENT PARTNERS VI, LTD.
	 	 	By: OCTAGON CREDIT INVESTORS, LLC
	 	 	AS COLLATERAL MANAGER
	 
	 	 	 	 	 	 
	 	 	OCTAGON INVESTMENT PARTNERS VII, LTD.
	 	 	By: OCTAGON CREDIT INVESTORS, LLC
	 	 	AS COLLATERAL MANAGER
	 
	 	 	 	 	 	 
	 	 	OCTAGON INVESTMENT PARTNERS VIII, LTD.
	 	 	By: OCTAGON CREDIT INVESTORS, LLC
	 	 	AS COLLATERAL MANAGER
	 
	 	 	 	 	 	 
	 	 	OCTAGON INVESTMENT PARTNERS XI, LTD.
	 	 	By: OCTAGON CREDIT INVESTORS, LLC
	 	 	AS COLLATERAL MANAGER
	 
	 	 	 	 	 	 
	 	 	HAMLET II, LTD.
	 	 	By: OCTAGON CREDIT INVESTORS, LLC
	 	 	AS PORTFOLIO MANAGER
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Margaret B. Harvey	 	 
	 

	 	 	 	 	 	 
	 	 	Name: Margaret B. Harvey
	 	 	Title: Senior Director

EURONET WORLDWIDE, INC.
AMENDMENT NO. 2

 

 

	 	 	 	 	 	 	 
	 	 	PPM GRAYHAWK CLO, LTD.
	 	 	By: PPM AMERICA, INC., AS COLLATERAL MANAGER
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ David C. Wagner	 	 
	 

	 	 	 	 	 	 
	 	 	Name: David C. Wagner
	 	 	Title: Managing Director

EURONET WORLDWIDE, INC.
AMENDMENT NO. 2

 

 

	 	 	 	 	 	 	 
	 	 	ROSEDALE CLO II LTD.
	 	 	By: Princeton Advisory Group, Inc.
	 	 	The Collateral Manager
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Troy Isaksen	 	 
	 

	 	 	 	 	 	 
	 	 	Name: Troy Isaksen
	 	 	Title: Sr. Credit Analyst

EURONET WORLDWIDE, INC.
AMENDMENT NO. 2

 

 

	 	 	 	 	 	 	 
	 	 	THE SUMITOMO TRUST & BANKING CO., LTD.

NEW YORK BRANCH
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Frances E. Wynne	 	 
	 

	 	 	 	 	 	 
	 	 	Name: Frances E. Wynne
	 	 	Title: Senior Director

EURONET WORLDWIDE, INC.
AMENDMENT NO. 2

 

 

	 	 	 	 	 	 	 
	 	 	TRALEE CDO I, LTD.
	 	 	By: Par-Four Investment Management, LLC

As Collateral Manager
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Edward Labrenz	 	 
	 

	 	 	 	 	 	 
	 	 	Name: Edward Labrenz
	 	 	Title: Authorized Signatory

EURONET WORLDWIDE, INC.
AMENDMENT NO. 2

 

 

	 	 	 	 	 	 	 
	 	 	WHITEHORSE V, LTD.
	 	 	By: Whitehorse Capital Partners, L.P.

As Collateral Manager
	 	 	By: WhiteRock Asset Advisor, L.L.C., its G.P.
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Ethan Underwood	 	 
	 

	 	 	 	 	 	 
	 	 	Name: Ethan Underwood
	 	 	Title: Manager

EURONET WORLDWIDE, INC.

AMENDMENT NO. 2

 

 

Schedule 1(b)

Intellectual Property

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	U.S. Patents (as of 2/5/09)
	Patent	 	Serial No.	 	Recorded Date	 	Inventors	 	PCT filed
	 
	Methods and Systems for Transferring Funds
	 	 	6,736,314	 	 	18-May 2004	 	 	 	 	 	18-May 2004

License Agreements:

(1) License Agreement, entered into on June 30, 2004 between TGIP, Inc., a Texas corporation and
Call Processing, Inc., to use U.S. Patent Nos. 5,511,114; 5,577,109; 5,721,768 and 6,502,745.  

(2) PaySpot, Inc., a Delaware corporation, entered into a License Agreement with EWI Holdings,
Inc., a Delaware corporation and unaffiliated third party, dated as of January 30, 2007 whereby
PaySpot was granted a license by EWI Holdings, Inc. to use US Patent No. 6,526,130 and US Patent
Application No. 10/316603.

 

 

Schedule 1(b)

Foreign Patents (as of 2/5/09)

Euronet Foreign Patents and Applications

In the name of Euronet Worldwide Inc.

“Multifunctional Mobile Banking System”

Filed 5th March 2001 as international application no. PCT/US01/06922 (publication no. WO 02/07320)

Claiming priority date of 8th August 2000 from US application no. 09/634984

Page White & Farrer ref. 307571

	 	 	 	 	 
	Country	 	Application No.	 	Patent No.
	Australia
	 	2001241977	 	2001241977
	Canada
	 	2418991	 	 
	China
	 	1817033.1	 	 
	Czech Republic
	 	2003-1107	 	 
	European Patent
	 	1913300.8	 	 
	Hong Kong
	 	3105586.6	 	 
	Croatia
	 	P20030164A	 	 
	Hungary
	 	P0301709	 	 
	Indonesia
	 	W00200300240	 	 
	India
	 	130/MUMNP/2003	 	 
	New Zealand
	 	523880	 	523880
	Poland
	 	P365196	 	 
	Serbia
	 	P-92/03	 	 

“Financial Transaction system”

Filed 5th March 2001 as international application no. PCT/US01/06965 (publication no. WO 02/021416)

Claiming priorty date of 7th September 2000 from US application no. 09/657478

Page White & Farrer ref. 307572

	 	 	 	 	 
	Country	 	Application No.	 	Patent No.
	Australia
	 	2001245430	 	2001245430
	Canada
	 	2421308	 	 
	China
	 	1818516.9	 	 

 

 

	 	 	 	 	 
	Country	 	Application No.	 	Patent No.
	Czech Republic
	 	2003-1131	 	 
	European Patent
	 	1918342.5	 	 
	Hong Kong
	 	3109454.7	 	 
	Croatia
	 	P20030254A	 	 
	Hungary
	 	P0302122	 	 
	Indonesia
	 	W00200300478	 	 
	India
	 	249/MUMNP/2003	 	 
	New Zealand
	 	524435	 	524435
	Poland
	 	P365173	 	 
	Serbia
	 	P-173/03	 	 

“System and Method for Purchasing Goods and Services through Financial Data Network Access Points”

Filed 6th February 2001 as international application no. PCT/US01/40024 (publication no. WO 02/027629)

Claiming priority date of 28th September 2000 from US application no. 09/670826

Page White & Farrer ref. 307573

	 	 	 	 	 
	Country	 	Application No.	 	Patent No.
	Australia
	 	2001247953	 	2001247953
	Canada
	 	2424037	 	 
	China
	 	1819540.7	 	 
	Czech Republic
	 	2003-1053	 	 
	European Patent
	 	1920951.9	 	 
	Hong Kong
	 	4100232.4	 	 
	Croatia
	 	P20030325A	 	 
	Hungary
	 	P0302552	 	 
	Indonesia
	 	W00200300639	 	 
	India
	 	341/MUMNP/2003	 	 
	New Zealand
	 	546571	 	546571
	Poland
	 	P366045	 	 
	Serbia
	 	P-237/03	 	 

“System and Method for Purchasing Goods and Services through Financial Data Network Access Points over a Point of Sale Network”

Filed 14th March 2003 as international application no. PCT/US03/07988 (publication no. WO 03/079159)

Claiming priority date of 14th March 2002 from US application no. 60/363884

Page White & Farrer ref. 306877

 

 

	 	 	 	 	 
	Country	 	Application No.	 	Patent No.
	Australia
	 	2003218178	 	 
	Canada
	 	2479179	 	 
	China
	 	3808393	 	 
	European Patent
	 	3714169.4	 	 
	Hong Kong
	 	5102043.8	 	 
	Croatia
	 	P20040957A	 	 
	Indonesia
	 	W-00200401972	 	 
	India
	 	2304/CHENP/2004	 	 
	New Zealand
	 	546789	 	546789
	Poland
	 	P-373282	 	 
	Serbia
	 	P-901/04	 	 
	Russian Federation
	 	2004130461	 	2323477
	South Africa
	 	2004/7341	 	2004/7341exv10w3

Exhibit 10.3

EURONET WORLDWIDE, INC.

2006 STOCK INCENTIVE PLAN

(Amended and Restated)

(As Amended by the Board in April, 2009)

 

 

EURONET WORLDWIDE, INC.

2006 STOCK INCENTIVE PLAN

(Amended and Restated)

I. INTRODUCTION

	1.01	 	Establishment. Euronet Worldwide, Inc., a corporation organized and existing under the laws
of the state of Delaware (the “Company”), established effective May 18, 2006 (the “Effective
Date”) the Euronet Worldwide, Inc. 2006 Stock Incentive Plan (the “Plan”) for certain current
or prospective directors, officers, key employees or outside consultants of the Company and
its affiliates.
	 
	1.02	 	Purpose. The purpose of this Plan is to encourage Participants to acquire a proprietary and
vested interest in the growth and performance of the Company. The Plan is also designed to
assist the Company in attracting and retaining employees, non-employee directors and other
Participants by providing them with the opportunity to participate in the success and
profitability of the Company.
	 
	1.03	 	Duration. The Plan shall commence on the Effective Date and shall remain in effect, subject
to the right of the Board to amend or terminate the Plan at any time pursuant to Section 15
hereof, until all Shares subject to it shall have been issued, purchased or acquired according
to the Plan’s provisions. Unless the Plan shall be reapproved by the stockholders of the
Company and the Board renews the continuation of the Plan, no Awards shall be issued pursuant
to the Plan after the tenth (10th) anniversary of the Plan’s Effective Date.

II. DEFINITIONS

	2.01	 	The following terms shall have the meanings set forth below.

	 	(a)	 	“1933 Act” means the Securities Act of 1933, as amended. Reference to a
specific section of the 1933 Act or regulation thereunder shall include such section or
regulation, any valid regulation promulgated under such section, and any comparable
provision of any future legislation or regulation amending, supplementing, or
superseding such section or regulation.
	 
	 	(b)	 	“1934 Act” means the Securities Exchange Act of 1934, as amended. Reference to
a specific section of the 1934 Act or regulation thereunder shall include such section
or regulation, any valid regulation promulgated under such section, and any comparable
provision of any future legislation or regulation amending, supplementing, or
superseding such section or regulation.
	 
	 	(c)	 	“Affiliate” of the Company means any person, corporation, partnership,
association or other business or professional entity that directly, or indirectly
through one or more intermediaries, Controls or is Controlled by, or is under common
Control with the Company.

 

 

	 	(d)	 	“Award” means a grant made under this Plan in any form which may include but is
not limited to Stock Options, Restricted Stock, Restricted Stock Units, Performance
Shares, Bonus Shares, Stock Appreciation Rights, Performance Awards and Performance
Units.
	 
	 	(e)	 	“Award Agreement” means a written agreement or instrument between the Company
and a Holder evidencing an Award.
	 
	 	(f)	 	“Beneficiary” means the person, persons, trust or trusts which have been
designated by a Holder in his or her most recent written beneficiary designation filed
with the Company to receive the benefits specified under this Plan upon the death of
the Holder, or, if there is no designated Beneficiary or surviving designated
Beneficiary, then the person, persons, trust or trusts entitled by will or the laws of
descent and distribution to receive such benefits.
	 
	 	(g)	 	“Board” means the Board of Directors of the Company.
	 
	 	(h)	 	“Bonus Shares” means the Shares granted to a Participant in accordance with
Section 10.

	 	(i)	 	“Cause” means, unless otherwise defined in an Award Agreement,
	 
	 	(i)	 	Participant’s conviction of, plea of guilty to, or plea of nolo
contendere to a felony or other crime that involves fraud or dishonesty,
	 
	 	(ii)	 	any willful action or omission by a Participant which would
constitute grounds for immediate dismissal under the employment policies of the
Company by which Participant is employed, including but not limited to
intoxication with alcohol or illegal drugs while on the premises of the
Company, or violation of sexual harassment laws or the internal sexual
harassment policy of the Company by which Participant is employed,
	 
	 	(iii)	 	Participant’s habitual neglect of duties, including but not
limited to repeated absences from work without reasonable excuse, or
	 
	 	(iv)	 	Participant’s willful and intentional material misconduct in
the performance of his duties that results in financial detriment to the
Company;

	 	 	 	provided, however, that for purposes of clauses (ii), (iii) and (iv), Cause shall
not include any one or more of the following: bad judgment, negligence or any act
or omission believed by the Participant in good faith to have been in or not opposed
to the interest of the Company (without intent of the Participant to gain, directly
or indirectly, a profit to which the Participant was not legally entitled). A
Participant who agrees to resign from his affiliation with the Company in lieu of
being terminated for Cause may be deemed to have been terminated for Cause for
purposes of this Plan.

2

 

	 	(j)	 	“Change in Control” means the first to occur of the following events:

	 	(i)	 	Any Person is or becomes the Beneficial Owner (within the
meaning set forth in Rule 13d-3 under the 1934 Act), directly or indirectly, of
securities of the Company (not including in the securities beneficially owned
by such Person any securities acquired directly from the Company or its
Affiliates) representing 50% or more of the combined voting power of the
Company’s then outstanding securities, excluding any Person who becomes such a
Beneficial Owner in connection with a transaction described in clause (x) of
paragraph (iii) of this Section 2.01(j); or
	 
	 	(ii)	 	The following individuals cease for any reason to constitute a
majority of the number of directors then serving: individuals who, on the
Effective Date, constitute the Board and any new director (other than a
director whose initial assumption of office is in connection with an actual or
threatened election contest, including but not limited to a consent
solicitation, relating to the election of directors of the Company) whose
appointment or election by the Board or nomination for election by the
Company’s stockholders was approved by a vote of at least two-thirds of the
directors then still in office who either were directors on the date hereof or
whose appointment, election or nomination for election was previously so
approved or recommended; or
	 
	 	(iii)	 	There is consummated a merger or consolidation of the Company
with any other corporation, OTHER THAN (x) a merger or consolidation which
would result in the voting securities of the Company outstanding immediately
prior to such merger or consolidation continuing to represent (either by
remaining outstanding or by being converted into voting securities of the
surviving entity or any parent thereof), in combination with the ownership of
any trustee or other fiduciary holding securities under an employee benefit
plan of the Company at least 50% of the combined voting power of the securities
of the Company or such surviving entity or any parent thereof outstanding
immediately after such merger or consolidation, or (y) a merger or
consolidation effected to implement a recapitalization of the Company (or
similar transaction) in which no Person is or becomes the Beneficial Owner,
directly or indirectly, of securities of the Company (not including in the
securities beneficially owned by such Person any securities acquired directly
from the Company or its Affiliates other than in connection with the
acquisition by the Company or its Affiliates of a business) representing 50% or
more of the combined voting power of the Company’s then outstanding securities;
or
	 
	 	(iv)	 	The stockholders of the Company approve a plan of complete
liquidation or dissolution of the Company or there is consummated an agreement
for the sale or disposition by the Company of all or substantially all of the
Company’s assets, other than a sale or disposition by the Company of all

3

 

	 	 	 	or substantially all of the Company’s assets to an entity, at least 50% of the
combined voting power of the voting securities of which are owned by
stockholders of the Company in substantially the same proportions as their
ownership of the Company immediately prior to such sale.

	 	 	 	Notwithstanding the foregoing, a “Change in Control” shall not be deemed to have
occurred by virtue of the consummation of any transaction or series of integrated
transactions immediately following which the record holders of the Company’s common
stock immediately prior to such transaction or series of transactions continue to
have substantially the same proportionate ownership in an entity which owns all or
substantially all of the Company’s assets immediately following such transaction or
series of transactions.
	 
	 	(k)	 	“Code” means the Internal Revenue Code of 1986, as it may be amended from time
to time, and the rules and regulations promulgated thereunder.
	 
	 	(l)	 	“Committee” means (i) the Board, or (ii) one or more committees of the Board to
whom the Board has delegated all or part of its authority under this Plan.
	 
	 	(m)	 	“Company” means Euronet Worldwide, Inc., a Delaware corporation, and any
successor thereto.
	 
	 	(n)	 	“Control” means the possession, directly or indirectly, of the power to direct
or cause the direction of the management and policies of a person, whether through the
ownership of voting securities, by contract or otherwise.
	 
	 	(o)	 	“Covered Employee” means an Employee that meets the definition of “covered
employee” under section 162(m)(3) of the Code, or any successor provision thereto.
	 
	 	(p)	 	“Date of Grant” or “Grant Date” means, with respect to any Award, the date as
of which such Award is granted under the Plan.
	 
	 	(q)	 	“Disabled” or “Disability” means an individual (i) is unable to engage in any
substantial gainful activity by reason of any medically determinable physical or mental
impairment which can be expected to result in death or can be expected to last for a
continuous period of not less than twelve (12) months or (ii) is, by reason of any
medically determinable physical or mental impairment which can be expected to result in
death or can be expected to last for a continuous period of not less than twelve (12)
months, receiving income replacement benefits for a period of not less than 3 months
under a Company-sponsored accident and health plan. Notwithstanding the above, with
respect to an Incentive Stock Option and the period after time following a separation
from service a Holder has to exercise such Incentive Stock Option, “disabled” shall
have the same meaning as defined in Code section 22(e)(3).

4

 

	 	(r)	 	“Effective Date” means May 18, 2006, such date being the date this Plan was
originally approved by the Company’s stockholders.
	 
	 	(s)	 	“Eligible Employees” means key employees (including, without limitations,
officers and directors who are also employees) of the Company or an Affiliate upon
whose judgment, initiative and efforts the Company is, or will be, important to the
successful conduct of its business.
	 
	 	(t)	 	“Executive Officer” means (i) the president of the Company, any vice president
of the Company in charge of a principal business unit, division or function (such as
sales, administration, or finance), any other officer who performs a policy making
function or any other person who performs similar policy making functions for the
Company and (ii) Executive Officers (as defined in part (i) of this definition) of
subsidiaries of the Company who perform policy making functions for the Company.
	 
	 	(u)	 	“Fair Market Value” means, as of any date, the value of the Stock determined in
good faith, from time to time, by the Committee in its sole discretion and the
Committee may adopt such formulas as in its opinion shall reflect the true fair market
value of such stock from time to time and may rely on such independent advice with
respect to such fair market value as the Committee shall deem appropriate. In the
event that the Shares of the Company are traded on a national securities exchange, the
Committee may determine that the Fair Market Value of the Stock shall be based upon the
last sale before or the first sale after the Grant Date, the closing price on the
trading day before or the trading day of the grant, or any other reasonable basis using
actual transactions in such Stock as reported in The Wall Street Journal and
consistently applied. The determination of Fair Market Value also may be based upon an
average selling price during a specified period that is within 30 days before or 30
days after the Grant Date, provided that the commitment to grant the stock right based
on such valuation method must be irrevocable before the beginning of the specified
period, and such valuation method must be used consistently for grants of stock rights
under the same and substantially similar programs.
	 
	 	(v)	 	“Freestanding SAR” means any SAR that is granted independently of any Option.
	 
	 	(w)	 	“Good Reason” shall mean any of the following events, which has not been either
consented to in advance by the Participant in writing or cured by the Company within a
reasonable period of time not to exceed 20 days after the Participant provides written
notice thereof: (i) the requirement that the Participant’s principal service for the
Company be performed more than 30 miles from the Participant’s primary office as of the
effective date of a Change in Control, (ii) other than as part of an across-the-board
reduction affecting all similarly-situated employees, a material reduction in the
Participant’s base compensation in effect immediately before the Change in Control;
(iii) other than as part of an across-the-board reduction affecting all
similarly-situated employees, the failure by the Company to
continue to provide the Participant with the same level of overall compensation

5

 

	 	 	 	and benefits provided immediately before the Change in Control, or the taking of any
action by the Company which would directly or indirectly reduce any of such benefits
or deprive the Participant of any material fringe benefit; (iv) the assignment to
the Participant of duties and responsibilities materially different from those
associated with his position immediately before the Change in Control; or (v) a
material diminution or reduction, on or after a Change in Control, in the
Participant’s responsibilities or authority, including reporting responsibilities in
connection with the Participant’s service with the Company.
	 
	 	(x)	 	“Holder” means a Participant, Beneficiary or Permitted Transferee who is in
possession of an Award Agreement representing an Award that (i) in the case of a
Participant has been granted to such individual, (ii) in the case of a Beneficiary has
transferred to such person under the laws of descent and distribution or (iii) in the
case of a Permitted Transferee, has been transferred to such person as permitted by the
Committee, and such Award Agreement has not expired, been canceled or terminated.
	 
	 	(y)	 	“Incentive Stock Option” means any Option designated as such and granted in
accordance with the requirements of section 422 of the Code or any successor provisions
thereto.
	 
	 	(z)	 	“Nonqualified Stock Option” means any Option to purchase Shares that is not an
Incentive Stock Option.
	 
	 	(aa)	 	“Option” means a right to purchase Stock at a stated price for a specified
period of time. Such definition includes both Nonqualified Stock Options and Incentive
Stock Options.
	 
	 	(bb)	 	“Option Agreement” or “Option Award Agreement” means a written agreement or
instrument between the Company and a Holder evidencing an Option.
	 
	 	(cc)	 	“Option Exercise Price” means the price at which Shares subject to an Option
may be purchased, determined in accordance with Section 6.02(b).
	 
	 	(dd)	 	“Option Holder” shall have the meaning as set forth in Section 6.02. For the
avoidance of any doubt, in situations where the Option has been transferred to a
Permitted Transferee or passed to a Beneficiary in accordance with the laws of descent
and distribution, the Option Holder will not be the same person as the Holder of the
Option.
	 
	 	(ee)	 	“Participant” means a Service Provider of the Company designated by the
Committee from time to time during the term of the Plan to receive one or more Awards
under the Plan.
	 
	 	(ff)	 	“Performance Award” means any Award that will be issued or granted, or become
vested or payable, as the case may be, upon the achievement of certain

6

 

	 	 	 	performance goals (as described in Section 17) to a Participant pursuant to Section
17.
	 
	 	(gg)	 	“Performance Period” means the period of time as specified by the Committee
over which Performance Units are to be earned.
	 
	 	(hh)	 	“Performance Shares” means an Award made pursuant to Section 9 which entitles a
Holder to receive Shares, their cash equivalent, or a combination thereof based on the
achievement of performance targets during a Performance Period.
	 
	 	(ii)	 	“Performance Units” means an Award made pursuant to Section 9 which entitles a
Holder to receive cash, Stock or a combination thereof based on the achievement of
performance targets during a Performance Period.
	 
	 	(jj)	 	“Person” shall have the meaning ascribed to such term in Section 3(a)(9) of the
1934 Act and used in Sections 13(d) and 14(d) thereof, including “group” as defined in
Section 13(d) thereof.
	 
	 	(kk)	 	“Plan” means the Euronet Worldwide, Inc. 2006 Stock Incentive Plan, as set
forth in this instrument and as hereafter amended from time to time.
	 
	 	(ll)	 	“Plan Year” means each 12-month period beginning January 1 and ending the
following December 31, except that for the first year of the Plan it shall begin on the
Original Effective Date and extend to December 31 of that year.
	 
	 	(mm)	 	“Restricted Stock” means Stock granted under Section 8 that is subject those
restrictions set forth therein and the Award Agreement.
	 
	 	(nn)	 	“Restricted Stock Unit” means an Award granted under Section 8 evidencing the
Holder’s right to receive a Share (or cash payment equal to the Fair Market Value of a
Share) at some future date.
	 
	 	(oo)	 	“Rule 16b-3” means Rule 16b-3 promulgated under the 1934 Act, and any future
regulation amending, supplementing, or superseding such regulation.
	 
	 	(pp)	 	“SAR” or “Stock Appreciation Right” means an Award, granted either alone or in
connection with an Option, that is designated as a SAR pursuant to Section 7.
	 
	 	(qq)	 	“SAR Holder” shall have the meaning as set forth in Section 7.02.
	 
	 	(rr)	 	“Section 16 Person” means a Person who is subject to obligations under section
16 of the 1934 Act with respect to transactions involving equity securities of the
Company.
	 
	 	(ss)	 	“Service Provider” means an Eligible Employee, non-employee director, officer,
or outside consultant of the Company or any Subsidiary, as well as to any
prospective director, officer, employee, or outside consultant of the Company or any
Subsidiary.

7

 

	 	(tt)	 	“Share” means a share of Stock.
	 
	 	(uu)	 	“Stock” means authorized and issued or unissued common stock of the Company, at
such par value as may be established from time to time.
	 
	 	(vv)	 	“Subsidiary” means (i) in the case of an Incentive Stock Option a “subsidiary
corporation,” whether now or hereafter existing, as defined in section 424(f) of the
Code, and (ii) in the case of any other type of Award, in addition to a subsidiary
corporation as defined in (i), a limited liability company, partnership or other entity
in which the Company controls fifty percent (50%) or more of the voting power or equity
interests.
	 
	 	(ww)	 	“Tandem SAR” means a SAR which is granted in connection with, or related to, an
Option, and which requires forfeiture of the right to purchase an equal number of
Shares under the related Option upon the exercise of such SAR; or alternatively, which
requires the cancellation of an equal amount of SARs upon the purchase of the Shares
subject to the Option.
	 
	 	(xx)	 	“Vested Option” means any Option, or portion thereof, which is fully
exercisable by the Holder. Vested Options remain exercisable only for that period of
time as provided for under this Plan and any applicable Option Award Agreement. Once a
Vested Option is no longer exercisable after otherwise having been exercisable, the
Option shall become null and void.

	2.02	 	Gender and Number. Except when otherwise indicated by the context, the masculine gender
shall also include the feminine gender, and the definition of any term herein in the singular
shall also include the plural.

III. PLAN ADMINISTRATION

	3.01	 	Composition of Committee. The Plan shall be administered by the Committee. To the extent
the Board considers it desirable for transactions relating to Awards to be eligible to qualify
for an exemption under Rule 16b-3, the Committee shall consist of two or more directors of the
Company, all of whom qualify as “non-employee directors” within the meaning of Rule 16b-3. To
the extent the Board considers it desirable for compensation delivered pursuant to Awards to
be eligible to qualify for an exemption from the limit on tax deductibility of compensation
under section 162(m) of the Code, the Committee shall consist of two or more directors of the
Company, all of whom shall qualify as “outside directors” within the meaning of Code section
162(m).
	 
	3.02	 	Authority of Committee. Subject to the terms of the Plan and applicable law, and in addition
to other express powers and authorizations conferred on the Committee by the Plan, the
Committee shall have full power and authority to:

	 	(a)	 	select the Service Providers to whom Awards may from time to time be granted
hereunder;

8

 

	 	(b)	 	determine the type or types of Awards to be granted to eligible Service
Providers;
	 
	 	(c)	 	determine the number of Shares to be covered by, or with respect to which
payments, rights, or other matters are to be calculated in connection with, Awards;
	 
	 	(d)	 	determine the terms and conditions of any Award;
	 
	 	(e)	 	determine whether, and to what extent, and under what circumstances Awards may
be settled or exercised in cash, Shares, other securities, other Awards or other
property;
	 
	 	(f)	 	determine whether, and to what extent, and under what circumstance Awards may
be canceled, forfeited, or suspended and the method or methods by which Awards may be
settled, exercised, canceled, forfeited, or suspended;
	 
	 	(g)	 	correct any defect, supply an omission, reconcile any inconsistency and
otherwise interpret and administer the Plan and any instrument or Award Agreement
relating to the Plan or any Award hereunder;
	 
	 	(h)	 	accelerate the exercisability of any Option, the vesting of any Restricted
Shares or otherwise remove any restriction on any Award such that the Award becomes
fully payable;
	 
	 	(i)	 	modify and amend the Plan, establish, amend, suspend, or waive such rules,
regulations and procedures of the Plan, and appoint such agents as it shall deem
appropriate for the proper administration of the Plan; and
	 
	 	(j)	 	make any other determination and take any other action that the Committee deems
necessary or desirable for the administration of the Plan.

	3.03	 	Committee Delegation. The Committee may delegate to any member of the Board or committee of
Board members such of its powers as it deems appropriate, including the power to sub-delegate,
except that only a member of the Board (or a committee thereof) may grant Awards from time to
time to specified categories of Service Providers in amounts and on terms to be specified by
the Board; provided that no such grants shall be made other than by the Board or the Committee
to individuals who are then Section 16 Persons or other than by the Committee to individuals
who are then or are deemed likely to become a “covered employee” within the meaning of Code
section 162(m). A majority of the members of the Committee may determine its actions and fix
the time and place of its meetings.
	 
	3.04	 	Determination Under the Plan. Unless otherwise expressly provided in the Plan, all
designations, determinations, adjustments, interpretations, and other decisions under or with
respect to the Plan, any Award or Award Agreement shall be within the sole
discretion of the Committee, may be made at any
time and shall be final, conclusive, and binding
upon all persons, including the Company, any
Participant, any Holder, and any

9

 

	 	 	stockholder. No member of the Committee shall be liable for any
action, determination or interpretation made in
good faith, and all members of the Committee
shall, in addition to their rights as directors,
be fully protected by the Company with respect to
any such action, determination or interpretation.

IV. STOCK SUBJECT TO THE PLAN

	4.01	 	Number of Shares. Subject to adjustment as provided in Section 4.03 and subject to the
maximum amount of Shares that may be granted to an individual in a calendar year as set forth
in Section 5.05, no more than a total of Four Million (4,000,000) Shares are authorized for
issuance under the Plan (the “Maximum Limitation”) in accordance with the provisions of the
Plan and subject to such restrictions or other provisions as the Committee may from time to
time deem necessary. Any Shares issued hereunder may consist, in whole or in part, of
authorized and unissued shares or treasury shares. The Shares may be divided among the various
Plan components as the Committee shall determine; provided, however, the maximum number of
Shares that may be issued pursuant to Incentive Stock Options shall be the Maximum Limitation.
Shares that are subject to an underlying Award and Shares that are issued pursuant to the
exercise of an Award shall be applied to reduce the maximum number of Shares remaining
available for use under the Plan. The Company shall at all times during the term of the Plan
and while any Awards are outstanding retain as authorized and unissued Stock, or as treasury
Stock, at least the number of Shares from time to time required under the provisions of the
Plan, or otherwise assure itself of its ability to perform its obligations hereunder.
	 
	4.02	 	Unused and Forfeited Stock. Any Shares that are subject to an Award under this Plan that are
not used because the terms and conditions of the Award are not met, including any Shares that
are subject to an Award that expires or is terminated for any reason, any Shares that are used
for full or partial payment of the purchase price of Shares with respect to which an Option is
exercised and any Shares retained by the Company pursuant to Section 16.02 shall automatically
become available for use under the Plan. Notwithstanding the foregoing, any Shares used for
full or partial payment of the purchase price of the Shares with respect to which an Option is
exercised and any Shares retained by the Company pursuant to Section 16.02 that were
originally Incentive Stock Option Shares must still be considered as having been granted for
purposes of determining whether the Share limitation provided for in Section 4.01 has been
reached for purposes of Incentive Stock Option grants.
	 
	4.03	 	Adjustment in Authorized Shares. If, without the receipt of consideration therefore by the
Company, the Company shall at any time increase or decrease the number of its outstanding
Shares or change in any way the rights and privileges of such Shares such as, but not limited
to, the payment of a stock dividend or any other distribution upon such Shares payable in
Stock, or through a stock split, subdivision, consolidation, combination, reclassification or
recapitalization involving the Stock, such that an adjustment is necessary in order to prevent
dilution or enlargement of the benefits or
potential benefits intended to be made available
under the Plan, then in relation to the Shares
that are affected by one or more of the above
events, the numbers, rights and

10

 

	 	 	privileges of (i)
the Shares as to which Awards may be granted under
the Plan, (ii) the exercise or purchase price of
each outstanding Award, and (iii) the Shares then
included in each outstanding Award granted
hereunder, shall be increased, decreased or
changed in like manner, as if the Shares
underlying the Award had been issued and
outstanding, fully paid and non assessable at the
time of such occurrence. The manner in which
Awards are adjusted pursuant to this Section 4.03
is to be determined by the Board or the Committee;
provided that all adjustments must be determined
by the Board or Committee in good faith, and must
be effectuated so as to preserve the value that
any Participant has in outstanding Awards as of
the time of the event giving rise to any potential
dilution or enlargement of rights.
	 
	4.04	 	General Adjustment Rules.

	 	(a)	 	If any adjustment or substitution provided for in this Section 4 shall result
in the creation of a fractional Share under any Award, such fractional Share shall be
rounded to the nearest whole Share and fractional Shares shall not be issued.
	 
	 	(b)	 	In the case of any such substitution or adjustment affecting an Option or a SAR
(including a Nonqualified Stock Option) such substitution or adjustments shall be made
in a manner that is in accordance with the substitution and assumption rules set forth
in Treasury Regulations 1.424-1 and the applicable guidance relating to Code section
409A.

V. PARTICIPATION

	5.01	 	Basis of Grant. Participants in the Plan shall be those Service Providers, who, in the
judgment of the Committee, are performing, or during the term of their incentive arrangement
will perform, important services in the management, operation and development of the Company,
and significantly contribute, or are expected to significantly contribute, to the achievement
of long-term corporate economic objectives. Participants may also include Service Providers
who, in the Committee’s discretion, are entitled to receive Awards as an inducement to perform
services for the Company or any Subsidiary; provided that an Award Agreement may contain terms
and conditions providing for the termination of such inducement Award in the event that such
Service Provider is not retained to perform services for the Company with the period specified
therein.
	 
	5.02	 	Types of Grants; Limits. Participants may be granted from time to time one or more Awards;
provided, however, that the grant of each such Award shall be separately approved by the
Committee or its designee, and receipt of one such Award shall not result in the automatic
receipt of any other Award. Written notice shall be given to such Person, specifying the
terms, conditions, right and duties related to such Award. Under no circumstance shall
Incentive Stock Options be granted to (i) non-employee directors, (ii)
Consultants, (iii) any prospective non-employee director, employee or consultant, or (iv)
any person not permitted to receive Incentive Stock Options under the Code.

11

 

	5.03	 	Award Agreements. Each Participant shall enter into an Award Agreement(s) with the Company,
in such form as the Committee shall determine and which is consistent with the provisions of
the Plan, specifying such terms, conditions, rights and duties. Unless otherwise explicitly
stated in the Award Agreement, Awards shall be deemed to be granted as of the date specified
in the grant resolution of the Committee, which date shall be the date of any related
agreement(s) with the Participant. Unless explicitly provided for in a particular Award
Agreement that the terms of the Plan are being superseded, in the event of any inconsistency
between the provisions of the Plan and any such Award Agreement(s) entered into hereunder, the
provisions of the Plan shall govern.
	 
	5.04	 	Restrictive Covenants. The Committee may, in its sole and absolute discretion, place certain
restrictive covenants in an Award Agreement requiring the Participant to agree to refrain from
certain actions. Such Restrictive Covenants, if contained in the Award Agreement, will be
binding on the Participant.
	 
	5.05	 	Maximum Annual Award. The maximum number of Shares with respect to which an Award or Awards
may be granted to any Participant in any one taxable year of the Company (the “Maximum Annual
Participant Award”) shall not exceed Four Hundred Thousand (400,000) Shares (increased,
proportionately, in the event of any stock split or stock dividend with respect to the
Shares). The Maximum Annual Participant Award shall include any Bonus Shares that are paid to
a Participant in that taxable year pursuant to the achievement of one or more established and
objective performance goals under the Company’s Executive Annual Incentive Plan or pursuant to
any other Company-sponsored compensation plan or program. If an Option is in tandem with a
SAR, such that the exercise of the Option or SAR with respect to a Share cancels the tandem
SAR or Option right, respectively, with respect to each Share, the tandem Option and SAR
rights with respect to each Share shall be counted as covering but one Share for purposes of
the Maximum Annual Participant Award.

VI. STOCK OPTIONS

	6.01	 	Grant of Options. A Participant may be granted one or more Options. The Committee in its
sole discretion shall designate whether an Option is an Incentive Stock Option or a
Nonqualified Stock Option. The Committee may grant both an Incentive Stock Option and a
Nonqualified Stock Option to the same Participant at the same time or at different times.
Incentive Stock Options and Nonqualified Stock Options, whether granted at the same or
different times, shall be deemed to have been awarded in separate grants, shall be clearly
identified, and in no event shall the exercise of one Option affect the right to exercise any
other Option or affect the number of Shares for which any other Option may be exercised.
	 
	6.02	 	Option Agreements. Each Option granted under the Plan shall be evidenced by a written Option
Award Agreement which shall be entered into by the Company and the Participant
to whom the Option is granted (the “Option Holder”), and which shall contain, or be subject
to, the following terms and conditions, as well as such other terms and conditions not
inconsistent therewith, as the Committee may consider appropriate in each case.

12

 

	 	(a)	 	Number of Shares. Each Option Award Agreement shall state that it covers a
specified number of Shares, as determined by the Committee. To the extent that the
aggregate Fair Market Value of Shares with respect to which Options designated as
Incentive Stock Options are exercisable for the first time by any Option Holder during
any calendar year exceeds $100,000 or, if different, the maximum limitation in effect
at the time of grant under section 422(d) of the Code, or any successor provision, such
Options in excess of such limit shall be treated as Nonqualified Stock Options. The
foregoing shall be applied by taking Options into account in the order in which they
were granted. For the purposes of the foregoing, the Fair Market Value of any Share
shall be determined as of the time the Option with respect to such Share is granted. In
the event the foregoing results in a portion of an Option designated as an Incentive
Stock Option exceeding the $100,000 limitation, only such excess shall be treated as a
Nonqualified Stock Option.
	 
	 	(b)	 	Price. Each Option Award Agreement shall state the Option Exercise Price at
which each Share covered by an Option may be purchased. Such Option Exercise Price
shall be determined in each case by the Committee; provided, however, that the Option
Exercise Price for each Share covered by an Incentive Stock Option shall not be less
than the Fair Market Value of the Stock on the Option’s Grant Date and provided further
that the Incentive Stock Option granted to an Eligible Employee who then owns stock
possessing more than 10% of the total combined voting power of all classes of stock of
the Company or any parent or Subsidiary corporation of the Company must be at least
110% of the Fair Market Value of the Stock subject to the Incentive Stock Option on the
Option’s Grant Date.
	 
	 	(c)	 	Duration of Options. Each Option Award Agreement shall state the period of
time, determined by the Committee, within which the Option may be exercised by the
Option Holder (the “Option Period”). The Option Period must expire, in all cases, not
more than ten years from the Option’s Grant Date; provided, however, that the Option
Period of an Incentive Stock Option granted to an Eligible Employee who then owns Stock
possessing more than 10% of the total combined voting power of all classes of Stock of
the Company must expire not more than five years from the Option’s Grant Date. Each
Option Award Agreement shall also state the periods of time, if any, as determined by
the Committee, when incremental portions of each Option shall become exercisable. If
any Option or portion thereof is not exercised during its Option Period, such
unexercised portion shall be deemed to have been forfeited and have no further force or
effect. Due to Code section 409A’s treatment of an extension or renewal of an Option as
the granting of a new Option, the Committee shall not extend or renew the term of an
Option without the consent of the Holder.
	 
	 	(d)	 	Termination of Service, Death, Disability, etc. Each Option Agreement shall
state the period of time, if any, determined by the Committee, within which the Vested
Option may be exercised after an Option Holder ceases to be a Service Provider on
account of the Participant’s death, Disability, voluntary resignation, removal

13

 

	 	 	 	from the Board or the Company having terminated such Option Holder’s employment with or without
Cause. Unless an Option Award Agreement provides otherwise, a Participant’s change in
status between serving as an employee and/or director will not be considered a
cessation of the Participant as a Service Provider for purposes of any Option
expiration period under the Plan.
	 
	 	(e)	 	Transferability. Except as otherwise determined by the Committee, Options
shall not be transferable by the Option Holder except by will or pursuant to the laws
of descent and distribution. Each Vested Option shall be exercisable during the Option
Holder’s lifetime only by him or her, or in the event of Disability or incapacity, by
his or her guardian or legal representative. Shares issuable pursuant to any Option
shall be delivered only to or for the account of the Option Holder, or in the event of
Disability or incapacity, to his or her guardian or legal representative.
	 
	 	(f)	 	Exercise, Payments, etc.

	 	(i)	 	Unless otherwise provided in the Option Award Agreement, each
Vested Option may be exercised by delivery to the Corporate Secretary of the
Company a written notice specifying the number of Shares with respect to which
such Option is exercised and payment of the Option Exercise Price. Such notice
shall be in a form satisfactory to the Committee or its designee and shall
specify the particular Vested Option that is being exercised and the number of
Shares with respect to which the Vested Option is being exercised. The exercise
of the Vested Option shall be deemed effective upon receipt of such notice by
the Corporate Secretary and payment to the Company. The purchase of such Stock
shall take place at the principal offices of the Company upon delivery of such
notice, at which time the purchase price of the Stock shall be paid in full by
any of the methods or any combination of the methods set forth in (ii) below.
	 
	 	(ii)	 	The Option Exercise Price may be paid by any of the following
methods:

	 	1.	 	Cash or Certified bank check;
	 
	 	2.	 	By delivery to the Company of a number of
Shares then owned by the Holder, the Fair Market Value of which equals
the purchase price of the Stock purchased pursuant to the Vested
Option,; provided, however, that Shares used for this purpose must have
been held by the Holder for such minimum period of time as may be
established from time to time by the Committee; and provided further
that the Fair Market Value of any Shares delivered in
payment of the purchase price upon exercise of the Options shall be
the Fair Market Value as of the exercise date, which shall be the
date of delivery of the certificates for the Stock used as payment of
the Option Exercise Price.

14

 

	 	 	 	In lieu of actually surrendering to the Company a number of Shares
then owned by the Holder, the Committee may, in its discretion permit
the Holder to submit to the Company a statement affirming ownership
by the Holder of such number of Shares and request that such Shares,
although not actually surrendered, be deemed to have been surrendered
by the Holder as payment of the exercise price.
	 
	 	3.	 	For any Holder other than an Executive Officer
or except as otherwise prohibited by the Committee, by payment through
a broker in accordance with procedures permitted by Regulation T of the
Federal Reserve Board.
	 
	 	4.	 	For any Nonqualified Stock Option, by a “net
exercise” arrangement pursuant to which the Company will not require a
payment of the Option Exercise Price but will reduce the number of
Shares of Stock upon the exercise by the largest number of whole shares
that has a Fair Market Value on the date of exercise that does not
exceed the aggregate Option Exercise Price.
	 
	 	5.	 	Any combination of the consideration provided
in the foregoing subsections (1), (2), (3) and (4).

	 	(iii)	 	The Company shall not guarantee a third-party loan obtained by
a Holder to pay part or the entire Option Exercise Price of the Shares.

	 	(g)	 	Date of Grant. An option shall be considered as having been granted on the
date the Committee or its delegate completes the corporate action necessary to create a
legally binding right constituting the option, as set forth under the applicable
Treasury Regulations issued under Section 409A.
	 
	 	(h)	 	Withholding.

	 	(i)	 	Nonqualified Stock Options. Upon any exercise of a
Nonqualified Stock Options, the Option Holder shall make appropriate
arrangements with the Company to provide for the minimum amount of additional
withholding required by applicable federal and state income tax and payroll
laws, including payment of such taxes through delivery of Stock or by
withholding Stock to be issued under the Option, as provided in Section 16.
	 
	 	(ii)	 	Incentive Stock Options. In the event that an Option Holder
makes a disposition (as defined in section 424(c) of the Code) of any Stock
acquired pursuant to the exercise of an Incentive Stock Option prior to the
later of (a) the expiration of two years from the date on which the
Incentive Stock Option was granted or (b) the expiration of one year from
the date on which the Option was exercised, the Participant shall send

15

 

	 	 	 	written notice to the Company at its principal office (Attention: Corporate
Secretary) of the date of such disposition, the number of shares disposed
of, the amount of proceeds received from such disposition, and any other
information relating to such disposition as the Company may reasonably
request. The Option Holder shall, in the event of such a disposition, make
appropriate arrangements with the Company to provide for the amount of
additional withholding, if any, required by applicable Federal and state
income tax laws.

	 	(i)	 	Adjustment of Options. Subject to the limitations set forth below and those
contained in Sections 6, 13.04 and 15, the Committee may make any adjustment in the
Option Exercise Price, the number of Shares subject to, or the terms of, an outstanding
Option and a subsequent granting of an Option by amendment or by substitution of an
outstanding Option. Such amendment, substitution, or re-grant may result in terms and
conditions (including Option Exercise Price, number of Shares covered, vesting schedule
or exercise period) that differ from the terms and conditions of the original Option.
The Committee may not, however, adversely affect the rights of any Option Holder to
previously granted Options without the consent of such Option Holder. If such action
is affected by the amendment, the effective date of such amendment shall be the date of
the original grant. Any adjustment, modification, extension or renewal of an Option
shall be effected such that the Option is either exempt from, or is compliant with,
Code section 409A.

	6.03	 	Stockholder Privileges. No Holder shall have any rights as a stockholder with respect to any
Shares covered by an Option until the Holder becomes the holder of record of such Stock, and
no adjustments shall be made for dividends or other distributions or other rights as to which
there is a record date preceding the date such Holder becomes the holder of record of such
Stock, except as provided in Section 4.

VII. STOCK APPRECIATION RIGHTS

	7.01	 	Grant of SARs. Subject to the terms and conditions of this Plan, a SAR may be granted to a
Participant at any time and from time to time as shall be determined by the Committee in its
sole discretion. The Committee may grant Freestanding SARs or Tandem SARs, or any combination
thereof.

	 	(a)	 	Number of Shares. The Committee shall have complete discretion to determine
the number of SARs granted to any Participant, subject to the limitations imposed in
this Plan and by applicable law.
	 
	 	(b)	 	Exercise Price and Other Terms. The Committee, subject to the provisions of
this Plan, shall have complete discretion to determine the terms and conditions of
SARs granted under this Plan. The exercise price per Share of Tandem SARs shall
equal the exercise price per Share of the related Option. In no event shall a SAR
granted to a Section 16 Person become exercisable until at least six (6)

16

 

	 	 	 	months after the Date of Grant or such shorter period as may be permissible while
maintaining compliance with Rule 16b-3.

	7.02	 	SAR Award Agreement. Each SAR granted under the Plan shall be evidenced by a written SAR
Award Agreement which shall be entered into by the Company and the Participant to whom the SAR
is granted (the “SAR Holder”), and which shall specify the exercise price per share, the terms
of the SAR, the conditions of exercise, and such other terms and conditions as the Committee
in its sole discretion shall determine.
	 
	7.03	 	Exercise of Tandem SARs. Tandem SARs may be exercised for all or part of the Shares subject
to the related Option upon the surrender of the right to exercise the equivalent portion of
the related Option. A Tandem SAR may be exercised only with respect to the Shares for which
its related Option is then exercisable. With respect to a Tandem SAR granted in connection
with an Incentive Stock Option: (a) the Tandem SAR shall expire no later than the expiration
of the underlying Incentive Stock Option; (b) the value of the payout with respect to the
Tandem SAR shall be for no more than one hundred percent (100%) of the difference between the
Exercise Price per Share of the underlying Incentive Stock Option and the Fair Market Value
per Share of the Shares subject to the underlying Incentive Stock Option at the time the
Tandem SAR is exercised; and (c) the Tandem SAR shall be exercisable only when the Fair Market
Value per Share of the Shares subject to the Incentive Stock Option exceeds the per share
Option Price per Share of the Incentive Stock Option.
	 
	7.04	 	Exercise of Freestanding SARs. Freestanding SARs shall be exercisable on such terms and
conditions as the Committee in its sole discretion shall determine; provided, however, that no
Freestanding SAR granted to a Section 16 Person shall be exercisable until at least six (6)
months after the Date of Grant or such shorter period as may be permissible while maintaining
compliance with Rule 16b-3.
	 
	7.05	 	Expiration of SARs. A SAR granted under this Plan shall expire on the date set forth in the
SAR Award Agreement, which date shall be determined by the Committee in its sole discretion.
Unless otherwise specifically provided for in the SAR Award Agreement, a Freestanding SAR
granted under this Plan shall terminate according to the same rules under which a Nonqualified
Stock Option would terminate in the event of a SAR Holder’s termination of employment, death
or Disability as provided for in the SAR Award Agreement. Unless otherwise specifically
provided for in the SAR Award agreement, a Tandem SAR granted under this Plan shall be
exercisable at such time or times and only to the extent that the related Option is
exercisable. The Tandem SAR shall terminate and no longer be exercisable upon the termination
or exercise of the related Options, except that Tandem SARs granted with respect to less than
the full number of shares covered by a related Option shall not be reduced until the exercise
or termination of the related Option exceeds the number of Shares not covered by the SARs.
	 
	7.06	 	Payment of SAR Amount. Upon exercise of a SAR, a Holder shall be entitled to receive payment
from the Company in an amount determined by multiplying (i) the positive difference between
the Fair Market Value of a Share on the date of exercise over the exercise price per Share by
(ii) the number of Shares with respect to which the SAR is

17

 

	 	 	exercised. The payment upon a SAR
exercise may be in whole Shares of equivalent value, cash, or a combination of whole Shares
and cash. Fractional Shares shall be rounded down to the nearest whole Share.

VIII. AWARDS OF RESTRICTED STOCK AND RESTRICTED STOCK UNITS

	8.01	 	Restricted Stock Awards Granted by Committee. Coincident with or following designation for
participation in the Plan and subject to the terms and provisions of the Plan, the Committee,
at any time and from time to time, may grant Restricted Stock to any Service Provider in such
amounts as the Committee shall determine.
	 
	8.02	 	Restricted Stock Unit Awards Granted by Committee. Coincident with or following designation
for participation in the Plan and subject to the terms and provisions of the Plan, the
Committee may grant a Service Provider Restricted Stock Units, in connection with or separate
from a grant of Restricted Stock. Upon the vesting of Restricted Stock Units, the Holder
shall be entitled to receive the full value of the Restricted Stock Units payable in either
Shares or cash.
	 
	8.03	 	Restrictions. A Holder’s right to retain Shares of Restricted Stock or be paid with respect
to Restricted Stock Units shall be subject to such restrictions, including but not limited to,
him or her continuing to perform as a Service Provider for a restriction period specified by
the Committee, or the attainment of specified performance goals and objectives, as may be
established by the Committee with respect to such Award. The Committee may in its sole
discretion require different periods of service or different performance goals and objectives
with respect to (i) different Holders, (ii) different Restricted Stock or Restricted Stock
Unit Awards, or (iii) separate, designated portions of the Shares constituting a Restricted
Stock Award. Any grant of Restricted Stock or Restricted Stock Units shall contain terms such
that the Award is either exempt from Code section 409A or complies with such section.
	 
	8.04	 	Privileges of a Stockholder, Transferability. Unless otherwise provided in the Award
Agreement, a Participant shall have all voting, dividend, liquidation and other rights with
respect to Shares of Restricted Stock, provided however that any dividends paid on Shares of
Restricted Stock prior to such Shares becoming vested shall be held in escrow by the Company
and subject to the same restrictions on transferability and forfeitability as the underlying
Shares of Restricted Stock. Any voting, dividend, liquidation or other rights shall accrue to
the benefit of a Holder only with respect to Shares of Restricted Stock held by, or for the
benefit of, the Holder on the record date of any such dividend or voting date. A Participant’s
right to sell, encumber or otherwise transfer such Restricted Stock shall, in addition to the
restrictions otherwise provided for in the Award Agreement, be subject to the limitations of
Section 12.02 hereof. The Committee may determine that a Holder of Restricted Stock Units is
entitled to receive dividend
equivalent payments on such units. If the Committee determines that Restricted Stock Units
shall receive dividend equivalent payments, such feature will be specified in the applicable
Award Agreement. Restricted Stock Units shall not have any voting rights.

18

 

	8.05	 	Enforcement of Restrictions. The Committee may in its sole discretion require one or more of
the following methods of enforcing the restrictions referred to in Sections 8.03 and 8.04:

	 	(a)	 	placing a legend on the stock certificates, or the Restricted Stock Unit Award
Agreement, as applicable, referring to restrictions;
	 
	 	(b)	 	requiring the Holder to keep the stock certificates, duly endorsed, in the
custody of the Company while the restrictions remain in effect;
	 
	 	(c)	 	requiring that the stock certificates, duly endorsed, be held in the custody of
a third party nominee selected by the Company who will hold such Shares of Restricted
Stock on behalf of the Holder while the restrictions remain in effect; or
	 
	 	(d)	 	inserting a provision into the Restricted Stock Award Agreement prohibiting
assignment of such Award Agreement until the terms and conditions or restrictions
contained therein have been satisfied or released, as applicable.

	8.06	 	Termination of Service, Death, Disability, etc. Except as otherwise provided in an Award
Agreement, in the event of the death or Disability of a Participant, all service period and
other restrictions applicable to Restricted Stock Awards then held by him or her shall lapse,
and such Awards shall become fully nonforfeitable. Subject to Section 11 and except as
otherwise provided in an Award Agreement, in the event a Participant ceases to be a Service
Provider for any other reason, any Restricted Stock Awards as to which the service period or
other vesting conditions have not been satisfied shall be forfeited.

IX. PERFORMANCE SHARES AND PERFORMANCE UNITS

	9.01	 	Awards Granted by Committee. Coincident with or following designation for participation in
the Plan, a Participant may be granted Performance Shares or Performance Units.
	 
	9.02	 	Amount of Award. The Committee shall establish a maximum amount of a Holder’s Award, which
amount shall be denominated in Shares in the case of Performance Shares or in dollars in the
case of Performance Units.
	 
	9.03	 	Communication of Award. Written notice of the maximum amount of a Holder’s Award and the
Performance Period determined by Committee shall be given to a Participant as soon as
practicable after approval of the Award by the Committee.
	 
	9.04	 	Amount of Award Payable. The Committee shall establish maximum and minimum performance
targets to be achieved during the applicable Performance Period. Performance targets
established by the Committee shall relate to corporate, group, unit or
individual performance and may be established in terms of (i) specified levels of earnings
per share from continuing operations, (ii) operating income, (iii) revenues, (iv) gross
margin, (v) return on operating assets (whether all assets or designated assets), (vi)

19

 

	 	 	return on equity, (vii) economic value added, (viii) stock price appreciation, (ix) total
stockholder return (measured in terms of stock price appreciation and dividend growth), (x)
net income, (xi) debt reduction, (xii) cost control, or (xiii) such other measures or
standards determined by the Committee. Multiple performance targets may be used and the
components of multiple performance targets may be given the same or different weighting in
determining the amount of an Award earned, and may relate to absolute performance or
relative performance measured against other groups, units, individual or entities.
Achievement of the maximum performance target shall entitle the Holder to payment (subject
to Sections 9.05, 9.06 and 9.07) at the full or maximum amount specified with respect to the
Award: provided, however, that notwithstanding any other provisions of this Plan, in the
case of an Award of Performance Shares the Committee in its discretion may establish an
upper limit on the amount payable (whether in cash or Stock) as a result of the achievement
of the maximum performance target. The Committee may also establish that a portion of a full
or maximum amount of a Holder’s Award will be paid (subject to Section 9.05, 9.06 and 9.07)
for performance which exceeds the minimum performance target but falls below the maximum
performance target applicable to such Award.
	 
	9.05	 	Adjustments. At any time prior to payment of a Performance Share or Performance Unit Award,
the Committee may adjust previously established performance targets or other terms and
conditions to reflect events such as changes in law, regulations, or accounting practice, or
mergers acquisitions or divestitures.
	 
	9.06	 	Payment of Awards. Following the conclusion of each Performance Period, the Committee shall
determine the extent to which performance targets have been attained, and the satisfaction of
any other terms and conditions with respect to an Award relating to such Performance Period.
The Committee shall determine what, if any, payment is due with respect to an Award and
whether such payment shall be made in cash, Stock or some combination, as determined by the
Committee. Payment shall be made in a lump sum, during the calendar year that first follows
the end of the calendar year in which the applicable Performance Period ends.
	 
	9.07	 	Termination of Employment. If a Participant ceases to be a Service Provider for any reason
other than having been terminated for Cause after the end of a Performance Period yet before
receiving payment as provided for in Section 9.06, the Holder (or the Holder’s Beneficiaries)
shall be entitled to receive the full amount of such payment. If a Holder ceases to be a
Service Provider before the end of a Performance Period by reason of his or her death or
Disability, the Performance Period for such Holder for the purpose of determining the amount
of the Award payable shall end at the end of the calendar quarter immediately preceding the
date on which such Holder ceased to be a Service Provider. The amount of an Award payable to a
Holder to whom the preceding sentence is applicable shall be paid in a lump sum, during the
calendar year that first follows the end of the calendar year in which the applicable
Performance Period would have ended but
for the Holder’s cessation as a Service Provider and shall be that fraction of the Award
computed pursuant to the preceding sentence the numerator of which is the number of calendar
quarters during the Performance Period during all of which said Holder was a

20

 

	 	 	Service
Provider and the denominator of which is the number of full calendar quarters in the
Performance Period. In the event a Holder is terminated as a Service Provider for Cause,
either before the end of the Performance Period or after the end of the Performance Period
but prior to the amount of the Award having been paid, the Holder’s participation in the
Plan shall cease, all outstanding Awards of Performance Shares or Performance Units to such
Participant and any right to receive the payment for any Awards (whether or not any
Performance Period has been completed) shall be canceled.

X. BONUS SHARES

Subject to the terms of the Plan, the Committee may grant Bonus Shares to any Participant in such
amount and upon such terms and at any time and from time to time as shall be determined by the
Committee. The Committee may grant such Bonus Shares in connection with or pursuant to another
Company-sponsored compensation plan or program.

XI. REORGANIZATION, CHANGE IN CONTROL OR LIQUIDATION

	11.01	 	Except as otherwise provided in an Award Agreement or other agreement approved by the
Committee to which any Participant is a party, in the event that within the period commencing
on a Change in Control and ending on the first anniversary of the Change in Control, a
Participant resigns for Good Reason or the Company terminates the Participant’s employment
other than for cause, each Option, share of Restricted Stock and/or other Award shall without
regard to any vesting schedule, restriction or performance target, automatically become fully
exercisable, fully vested or fully payable, as the case may be, as of the date of such
termination of employment; provided, however, to the extent required by Code section 409A, if
the Participant was a “specified employee” as defined under Code section 409A as of the time
of such Participant’s separation from service, no share of Restricted Stock or other Award
shall become payable until six months and one day from the effective date of such
Participant’s separation from service.
	 
	11.02	 	In addition to the foregoing, in the event the Company undergoes a Change in Control or in
the event of a corporate merger, consolidation, major acquisition of property (or stock),
separation, reorganization or liquidation in which the Company is a party and in which a
Change in Control does not occur, the Committee, or the board of directors of any corporation
assuming the obligations of the Company, shall have the full power and discretion to take any
one or more of the following actions:

	 	(a)	 	Without reducing the economic value of outstanding Awards, prescribe and amend
the terms and conditions for the exercise of, or settlement of, outstanding Awards
granted hereunder;
	 
	 	(b)	 	Remove restrictions on Restricted Stock, Restricted Stock Units or, as
applicable, Performance Award;

21

 

	 	(c)	 	Provide that Options or SARs granted hereunder must be exercised in connection
with the closing of such transactions, and that if not so exercised such Options or
SARs will expire; or
	 
	 	(d)	 	Cause any Award then outstanding to be assumed, or new rights of equivalent
economic value substituted therefore, by the acquiring or surviving corporation.

	 	 	Any such determinations by the Committee may be made generally with respect to all
Participants, or may be made on a case-by-case basis with respect to particular
Participants. Notwithstanding the foregoing, any transaction undertaken for the purpose of
reincorporating the Company under the laws of another jurisdiction, if such transaction does
not materially affect the beneficial ownership of the Company’s Shares, such transaction
shall not constitute a merger, consolidation, major acquisition of property for stock,
separation, reorganization, liquidation, or Change in Control.

XII. RIGHTS OF EMPLOYEES; PARTICIPANTS

	12.01	 	Employment. Nothing contained in the Plan or in any Award granted under the Plan shall
confer upon any Participant any right with respect to the continuation of his or her services
as a Service Provider or interfere in any way with the right of the Company, subject to the
terms of any separate employment or consulting agreement to the contrary, at any time to
terminate such services or to increase or decrease the compensation of the Participant from
the rate in existence at the time of the grant of an Award. Whether an authorized leave of
absence, or absence in military or government service, shall constitute a termination of
Participant’s services as a Service Provider shall be determined by the Committee at the time.
	 
	12.02	 	Nontransferability. Except as provided in Section 12.03, no right or interest of any Holder
in an Award granted pursuant to the Plan shall be assignable or transferable during the
lifetime of the Participant, either voluntarily or involuntarily, or be subjected to any lien,
directly or indirectly, by operation of law, or otherwise, including execution, levy,
garnishment, attachment, pledge or bankruptcy. In the event of a Participant’s death, a
Holder’s rights and interests in all Awards shall, to the extent not otherwise prohibited
hereunder, be transferable by testamentary will or the laws of descent and distribution, and
payment of any amounts due under the Plan shall be made to, and exercise of any Options or
SARs may be made by, the Holder’s legal representatives, heirs or legatees. If, in the opinion
of the Committee, a person entitled to payments or to exercise rights with respect to the Plan
is disabled from caring for his or her affairs because of a mental condition, physical
condition or age, payment due such person may be made to, and such rights shall be exercised
by, such person’s guardian, conservator, or other legal personal representative upon
furnishing the Committee with evidence satisfactory to the Committee of such status.
“Transfers” shall not be deemed to include transfers to the Company or “cashless exercise”
procedures with third parties who provide financing for
the purpose of (or who otherwise facilitate) the exercise of Awards consistent with
applicable laws and the authorization of the Committee.

22

 

	12.03	 	Permitted Transfers. Pursuant to conditions and procedures established by the Committee
from time to time, the Committee may permit Awards to be transferred to, exercised by and paid
to certain persons or entities related to a Participant, including but not limited to members
of the Participant’s immediate family, charitable institutions, or trusts or other entities
whose beneficiaries or beneficial owners are members of the Participant’s immediate family
and/or charitable institutions (a “Permitted Transferee”). In the case of initial Awards, at
the request of the Participant, the Committee may permit the naming of the related person or
entity as the Award recipient. Any permitted transfer shall be subject to the condition that
the Committee receive evidence satisfactory to it that the transfer is being made for estate
and/or tax planning purposes on a gratuitous or donative basis and without consideration
(other than nominal consideration). Notwithstanding the foregoing, Incentive Stock Options
shall only be transferable to the extent permitted in section 422 of the Code, or such
successor provision thereto, and the treasury regulations thereunder.

XIII. GENERAL RESTRICTIONS

	13.01	 	Investment Representations. The Company may require any person to whom an Option or other
Award is granted, as a condition of exercising such Option or receiving Stock under the Award,
to give written assurances in substance and form satisfactory to the Company and its counsel
to the effect that such person is acquiring the Stock subject to the Option or the Award for
his own account for investment and not with any present intention of selling or otherwise
distributing the same, and to such other effects as the Company deems necessary or appropriate
in order to comply with federal and applicable state securities laws. Legends evidencing such
restrictions may be placed on the certificates evidencing the Stock.
	 
	13.02	 	Compliance with Securities Laws.

	 	(a)	 	Each Award shall be subject to the requirement that, if at any time counsel to
the Company shall determine that the listing, registration or qualification of the
Shares subject to such Award upon any securities exchange or under any state or federal
law, or the consent or approval of any governmental or regulatory body, is necessary as
a condition of, or in connection with, the issuance or purchase of Shares thereunder,
such Award may not be accepted or exercised in whole or in part unless such listing,
registration, qualification, consent or approval shall have been effected or obtained
on conditions acceptable to the Committee. Nothing herein shall be deemed to require
the Company to apply for or to obtain such listing, registration or qualification.
	 
	 	(b)	 	Each Holder who is a director or an Executive Officer is restricted from taking
any action with respect to any Award if such action would result in a (i) violation of
Section 306 of the Sarbanes-Oxley Act of 2002, and the regulations
promulgated thereunder, whether or not such law and regulations are applicable to
the Company, or (ii) any policies adopted by the Company restricting transactions in
the Stock.

23

 

	13.03	 	Stock Restriction Agreement. The Committee may provide that Shares issuable upon the
exercise of an Option shall, under certain conditions, be subject to restrictions whereby the
Company has (i) a right of first refusal with respect to such shares, (ii) specific rights or
limitations with respect to the Participant’s ability to vote such shares, or (iii) a right or
obligation to repurchase all or a portion of such shares, which restrictions may survive a
Participant’s cessation or termination as a Service Provider.
	 
	13.04	 	Prohibition on Repricings. Except in connection with a corporate transaction involving the
Company (including, without limitation, any stock dividend, stock split, extraordinary cash
dividend, recapitalization, reorganization, merger, consolidation, split-up, spin-off,
combination, or exchange of shares), the terms of outstanding Options or SARs may not be
amended to reduce the exercise price of outstanding Options or SARs or cancel outstanding
Options or SARs in exchange for other Options or SARs with an exercise price that is less than
the exercise price of the original Options or SARs without stockholder approval.

XIV. OTHER EMPLOYEE BENEFITS

The amount of any compensation deemed to be received by a Participant as a result of the exercise
of an Option or the grant, payment or vesting of any other Award shall not constitute “earnings”
with respect to which any other benefits of such Participant are determined, including without
limitation benefits under (a) any pension, profit sharing, life insurance or salary continuation
plan or other employee benefit plan of the Company or (b) any agreement between the Company and the
Participant, except as such plan or agreement shall otherwise expressly provide.

XV. PLAN AMENDMENT, MODIFICATION AND TERMINATION

	15.01	 	Amendment, Modification, and Termination. The Board may at any time terminate, and from
time to time may amend or modify, the Plan; provided, however, that no amendment or
modification may become effective without approval of the amendment or modification by the
stockholders if stockholder approval is required to enable the Plan to satisfy any applicable
statutory or regulatory requirements, to comply with the requirements for listing on any
exchange where the Shares are listed, or if the Company, on the advice of counsel, determines
that stockholder approval is otherwise necessary or desirable.
	 
	15.02	 	Adjustment Upon Certain Unusual or Nonrecurring Events. The Board may make adjustments in
the terms and conditions of Awards in recognition of unusual or nonrecurring events (including
the events described in Section 4.03) affecting the Company or the financial statements of the
Company or of changes in applicable laws, regulations, or accounting principles, whenever the
Board determines that such
adjustments are appropriate in order to prevent dilution or enlargement of the benefits or
potential benefits intended to be made available under the Plan.
	 
	15.03	 	Awards Previously Granted. Notwithstanding any other provision of the Plan to the contrary
(but subject to Section 2.01(i) and Section 15.02), no termination, amendment or

24

 

	 	 	modification
of the Plan shall adversely affect in any material way any Award previously granted under the
Plan, without the written consent of the Holder of such Award.

XVI. WITHHOLDING

	16.01	 	Withholding Requirement. The Company’s obligations to deliver Shares upon the exercise of
an Option, or upon the vesting of any other Award, shall be subject to the Holder’s
satisfaction of all applicable federal, state and local income and other tax withholding
requirements.
	 
	16.02	 	Withholding with Stock. For Eligible Employees, the Company may permit the Holder to pay
all minimum required amounts of tax withholding, or any part thereof, by electing to transfer
to the Company, or to have the Company withhold from Shares otherwise issuable to the Holder,
Shares having a value not to exceed the minimum amount required to be withheld under federal,
state or local law or such lesser amount as may be elected by the Holder. For non-employees,
including non-employee directors, the Company may also permit the Holder to transfer to the
Company or have the Company withhold from Shares otherwise issuable to the Holder, an amount
of Shares determined by the Holder necessary to cover applicable federal, state or local
income or self-employment taxes relating to the exercise, vesting or payment of the Award.
All elections shall be subject to the approval or disapproval of the Committee or its
delegate. The value of Shares to be withheld shall be based on the Fair Market Value of the
Stock on the date that the amount of tax to be withheld is to be determined (the “Tax Date”),
as determined by the Committee. Any such elections by Holder to have Shares withheld for this
purpose will be subject to the following restrictions:

	 	(a)	 	All elections must be made prior to the Tax Date;
	 
	 	(b)	 	All elections shall be irrevocable; and
	 
	 	(c)	 	If the Holder is an officer or director of the Company within the meaning of
Section 16 of the 1934 Act (“Section 16”), the Holder must satisfy the requirements of
such Section 16 and any applicable rules thereunder with respect to the use of Stock to
satisfy such tax withholding obligation.

XVII. SECTION 162(m) PROVISIONS

	17.01	 	Limitations. Notwithstanding any other provision of this Plan, if the Committee determines
at the time any Award is granted to a Participant that such Participant is, or is likely to be
at the time he or she recognizes income for federal income tax purposes in connection with
such Award, a Covered Employee, then the Committee may provide that this Section 17 is
applicable to such Performance Award.
	 
	17.02	 	Performance Goals. If a Performance Award is subject to this Section 17, then the lapsing
of restrictions thereon and the distribution of cash, Shares or other property pursuant
thereto, as applicable, shall be subject to the achievement of one or more

25

 

	 	 	objective
performance goals established by the Committee, which shall be based on the attainment of one
or any combination of the following:

	 	(a)	 	Earnings (either in the aggregate or on a per-Share basis);
	 
	 	(b)	 	Growth or rate of growth in earnings (either in the aggregate or on a per Share
basis);
	 
	 	(c)	 	Net income or loss (either in the aggregate or on a per-Share basis);
	 
	 	(d)	 	Cash flow provided by operations, either in the aggregate or on a per-Share
basis;
	 
	 	(e)	 	Growth or rate of growth in cash flow (either in the aggregate or on a per
Share basis);
	 
	 	(f)	 	Free cash flow (either in the aggregate on a per-Share basis);
	 
	 	(g)	 	Reductions in expense levels, determined either on a Corporation-wide basis or
in respect of any one or more business units;
	 
	 	(h)	 	Operating and maintenance cost management and employee productivity;
	 
	 	(i)	 	Stockholder returns (including return on assets, investments, equity, or gross
sales);
	 
	 	(j)	 	Return measures (including return on assets, equity, or sales);
	 
	 	(k)	 	Growth or rate of growth in return measures (including return on assets,
equity, or sales);
	 
	 	(l)	 	Share price (including attainment of a specified per-Share price during the
Incentive Period; growth measures and total stockholder return or attainment by the
Shares of a specified price for a specified period of time);
	 
	 	(m)	 	Strategic business criteria, consisting of one or more objectives based on
meeting specified revenue, market share, market penetration, geographic business
expansion goals, objectively identified project milestones, production volume levels,
cost targets, and goals relating to acquisitions or divestitures; and/or
	 
	 	(n)	 	Achievement of business or operational goals such as market share and/or
business development;

	 	 	provided that applicable incentive goals may be applied on a pre- or post-tax basis; and
provided further that the Committee may, when the applicable incentive goals are
established, provide that the formula for such goals may include or exclude items to
measure specific objectives, such as losses from discontinued operations, extraordinary
gains or losses, the cumulative effect of accounting changes, acquisitions or divestitures,
foreign exchange impacts and any unusual, nonrecurring gain or loss. In addition to the

26

 

	 	 	foregoing performance goals, the performance goals shall also include any performance goals
which are set forth in the Company’s Executive Annual Incentive Plan, if any, which has been
approved by the Company’s stockholders, which are incorporated herein by reference. Such
performance goals shall be set by the Committee within the time period prescribed by, and
shall otherwise comply with the requirements of, section 162(m) of the Code and the
regulations thereunder.

	17.03	 	Adjustments. Notwithstanding any provision of the Plan other than Section 4.03 or Section
11, with respect to any Award that is subject to Section 17, the Committee may not adjust
upwards the amount payable pursuant to such Award, nor may it waive the achievement of the
applicable performance goals except in the case of the death or disability of the Participant.
	 
	17.04	 	Other Restrictions. The Committee shall have the power to impose such other restrictions on
Awards subject to this Section 17 as it may deem necessary or appropriate to insure that such
Awards satisfy all requirements for “performance-based compensation” within the meaning of
section 162(m)(4)(B) of the Code or any successor thereto.

XVIII. NONEXCLUSIVITY OF THE PLAN

	18.01	 	Neither the adoption of the Plan by the Board nor the submission of the Plan to stockholders
of the Company for approval shall be construed as creating any limitations on the power or
authority of the Board to continue to maintain or adopt such other or additional incentive or
other compensation arrangements of whatever nature as the Board may deem necessary or
desirable or preclude or limit the continuation of any other plan, practice or arrangement for
the payment of compensation or fringe benefits to employees, or non-employee directors
generally, or to any class or group of employees, or non-employee directors, which the Company
now has lawfully put into effect, including, without limitation, any retirement, pension,
savings and stock purchase plan, insurance, death and disability benefits and executive
short-term incentive plans.

XIX. REQUIREMENTS OF LAW

	19.01	 	Requirements of Law. The issuance of Stock and the payment of cash pursuant to the Plan
shall be subject to all applicable laws, rules and regulations, and to such approvals by any
governmental agencies or stock exchanges as may be required. Notwithstanding any provision of
the Plan or any Award, Holders shall not be entitled to exercise, or receive benefits under
any Award, and the Company shall not be obligated to deliver any Shares or other benefits to a
Holder, if such exercise or delivery would constitute a violation by the Holder or the Company
of any applicable law or regulation.
	 
	19.02	 	Code Section 409A. This Plan is intended to meet or to be exempt from the requirements of
Code section 409A, and shall be administered, construed and interpreted in a manner that is in
accordance with and in furtherance of such intent. Any provision of this Plan that would
cause an Award to fail to satisfy Code section 409A or, if applicable, an exemption from the
requirements of that Section, shall be amended (in a manner that as

27

 

	 	 	closely as practicable
achieves the original intent of this Plan) to comply with Code section 409A or any such
exemption on a timely basis, which may be made on a retroactive basis, in accordance with
regulations and other guidance issued under Code section 409A.
	 
	19.03	 	Rule 16b-3. Transactions under the Plan and to the extent even applicable, within the scope
of Rule 16b-3 are intended to comply with all applicable conditions of Rule 16b-3. To the
extent any provision of the Plan or any action by the Committee under the Plan fails to so
comply, such provision or action shall, without further action by any person, be deemed to be
automatically amended to the extent necessary to effect compliance with Rule 16b-3; provided,
however, that if such provision or action cannot be amended to effect such compliance, such
provision or action shall be deemed null and void to the extent permitted by law and deemed
advisable by the Committee.
	 
	19.04	 	Governing Law. The Plan and all agreements hereunder shall be construed in accordance with
and governed by the laws of the State of Delaware without giving effect to the principles of
the conflict of laws to the contrary.

28

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00158-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00158-of-00352.parquet"}]]