Document:

exv10w2

 

Exhibit 10.2

REGISTRATION RIGHTS AGREEMENT

     This Registration Rights Agreement, dated as of September 17, 2007 (this “Agreement”),
is entered into by and among the investors signatory hereto (each a “Holder” and together
the “Holders”), and PC Mall, Inc., a Delaware corporation (the “Parent”).
Capitalized terms used but not defined herein shall have the meanings assigned to such terms in the
Merger Agreement (as defined below).

RECITALS

          A. The Parent, Mall Acquisition 2, Inc., a Delaware corporation and wholly-owned subsidiary of
the Parent (the “Merger Sub”), the Holders and SARCOM, Inc., a Delaware corporation (the
“Company”), are party to that certain Agreement and Plan of Merger, dated as of August 17,
2007 (the “Merger Agreement”), pursuant to which the Merger Sub will merge with and into
the Company, with the Company continuing as the surviving corporation and a wholly-owned subsidiary
of the Parent.

          B. Upon the Closing of the transactions contemplated by and in the Merger Agreement, the
Holders will receive shares of common stock of the Parent as a result of the Merger and pursuant to
the terms of the Merger Agreement. The shares of common stock of the Parent to be so received by
the Holders are referred to herein as “Parent Shares.”

          C. The Parent Shares will be issued by the Parent without registration under the Securities
Act of 1933, as amended (the “Securities Act”), pursuant to exemptions from registration
contained in the Securities Act, and as such the Parent Shares will be “restricted securities”
under the Securities Act.

          D. The Parent desires to grant to the Holders the registration rights set forth herein with
respect to the Parent Shares.

          E. Execution and delivery of this Agreement is a condition to the Parent’s and the Holders’
respective obligations to consummate the Closing as contemplated by the Merger Agreement.

AGREEMENT

     NOW, THEREFORE, the parties to this Agreement hereby agree as follows:

     1. Shelf Registration.

          (a) Subject to the provisions of Section 3, the Parent shall use its reasonable best efforts
to prepare and file not later than thirty (30) days following the Closing Date (the “Filing
Deadline”) with the U.S. Securities and Exchange Commission (the “SEC”) a “shelf” registration
statement with respect to the Parent Shares on an appropriate form, as determined by

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the Parent, for a resale offering of the Parent Shares to be made on a continuous basis
pursuant to Rule 415 under the Securities Act (the “Shelf Registration Statement”).

          (b) The Shelf Registration Statement shall provide for the public resale by the Holders either
in the public market or in negotiated transactions from time to time. If otherwise approved in
Parent’s sole and absolute discretion, the Shelf Registration Statement may include the
registration for public resale of shares held by any other director, officer or affiliate of the
Parent or their associates. The Parent shall use its commercially reasonable efforts to cause the
Shelf Registration Statement to be declared effective promptly after its filing with the SEC, and
shall use its commercially reasonable efforts to keep such Shelf Registration Statement
continuously effective for a period from the date such registration is initially declared effective
through the earliest to occur of (i) the second anniversary of the Closing Date, (ii) the date on
which all of the Parent Shares have been transferred by the Holders, and (iii) the date on which
the Parent Shares may be sold or transferred pursuant to Rule 144 under the Securities Act without
any volume or manner of sale restrictions thereunder. For the purposes of this Agreement, the term
“Rule 144” shall mean Rule 144 promulgated under the Securities Act, as such rule may be
amended from time to time, or any similar or successor rule (other than Rule 144A promulgated under
the Securities Act) or regulation hereafter adopted by the SEC providing for offers and sales of
securities made in compliance therewith resulting in offers and sales by subsequent holders that
are not affiliates of an issuer of such securities being free of the registration and prospectus
delivery requirements of the Securities Act.

          (c) If the Parent fails to file the Shelf Registration Statement with the SEC on or prior to
the Filing Deadline, then each Holder shall have the right, at its election in its sole discretion,
to require the Parent to repurchase all (or any portion) of the Parent Shares held by such Holder
at a per share price equal to the average closing price of shares of the Buyer Stock on the Nasdaq
Global Market for the period of twenty (20) consecutive trading days immediately preceding the
Closing Date, as reported by The Nasdaq Stock Market LLC (the “Repurchase Price”). Each
such Holder shall have until ten (10) business days following the Filing Deadline to provide
written notice of such election to the Parent, which notice shall specify the number of Parent
Shares to be repurchased by the Parent. Notwithstanding anything to the contrary herein, the
Parent shall have no obligation to repurchase any Parent Shares that are not free and clear of all
Encumbrances, and the applicable Holder shall represent and warrant to the Parent at the closing of
such repurchase that the Parent Shares so repurchased are free and clear of all Encumbrances other
than any Encumbrances created by the Parent or arising out of ownership of such Company Shares by
the Parent. The closing of the Parent’s repurchase of the Parent Shares held by such Holder shall
occur at a time and place mutually acceptable to the Parent and the Holder, but in any event shall
occur no later than twenty (20) business days following the Filing Deadline. At the closing of
such repurchase, (i) the Parent shall wire immediately available funds equal to the Repurchase
Price times the number of Parent Shares to be repurchased to an account designated by such Holder
at least two (2) business days prior to the closing, (ii) the Holder shall deliver to the Company
stock certificates representing the Parent Shares being repurchased thereat, accompanied by stock
powers duly endorsed in blank or duly executed instruments of transfer sufficient to vest title
thereof in the Parent, and (iii) the Parent and the Holder shall execute and deliver to one another
such additional certificates, documents, information and materials as the other may reasonably
request in connection with consummating

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the repurchase of such Parent Shares in accordance with the terms hereof. Upon the closing of
the repurchase of Parent Shares held by a Holder pursuant to this Section 1(c), this Agreement
shall be deemed to be automatically terminated in all respects with respect to such Holder and the
Parent shall have no further obligations or liabilities hereunder with respect to such Holder. The
repurchase rights contained in this Section 1 shall be the Holders’ exclusive remedy for the
Buyer’s failure to file the Shelf Registration Statement on or prior to the Filing Deadline.

     (d) Notwithstanding anything in this Section 1 to the contrary, the Parent’s obligations
under this Section 1 shall be tolled if and to the extent the Company’s independent auditor cannot
or will not provide its consent and certification with respect to the Audited Financial Statements,
as well as any updated consents and certifications, as may be reasonably necessary in the Parent’s
discretion in order for the Parent to comply with applicable Law with respect to the Shelf
Registration Statement, including any Laws which may require audited financial statement disclosure
related to the Company if the Company would be deemed (in the Parent’s discretion) a “significant
subsidiary” (as defined in Rule 1-02 of Regulation S-X promulgated under the Exchange Act) of the
Parent.

     2. Registration Procedures. Unless an applicable Holder notifies the Parent to the
contrary prior to the filing of the Shelf Registration Statement, all Parent Shares which such
Holder is entitled to have included under the Shelf Registration Statement shall be so included
(subject to Section 3). Parent shall, no less than five (5) business days prior to filing the
Shelf Registration Statement or any amendment or supplement thereto, furnish to each of the Holders
a copy of the Shelf Registration Statement as proposed to be filed and permit each such Holder to
provide comments on the proposed Shelf Registration Statement (which comments must be provided to
the Parent within three (3) business days of receipt of the proposed Shelf Registration Statement),
and thereafter the Parent shall furnish to such Holders such number of conformed copies of the
Shelf Registration Statement, each amendment and supplement thereto (in each case including all
exhibits filed therewith), the prospectus included in the Shelf Registration Statement (including
each applicable preliminary prospectus), and such other documents as such Holders may reasonably
request, in order to facilitate the disposition of the Parent Shares owned by such Holders. After
the filing of the Shelf Registration Statement, the Parent shall promptly notify each Holder of any
stop order issued by the SEC with respect thereto and take all reasonable actions required to
prevent the entry of such stop order or to remove it if entered. At any time when a prospectus
relating to the Shelf Registration Statement is required to be delivered under the Securities Act,
the Parent shall promptly notify each Holder of the occurrence of an event requiring the
preparation of a supplement or amendment to such prospectus so that, as thereafter delivered to the
purchasers of such Parent Shares, such prospectus will not contain an untrue statement of a
material fact or omit to state any material fact required to be stated therein or necessary to make
the statements therein, in light of the circumstances under which they were made, not misleading,
and promptly make available to each Holder any such supplement or amendment.

     3. Holder Information. Each Holder whose Parent Shares are, or are to be, registered
on the Shelf Registration Statement shall promptly furnish in writing to the Parent such
information regarding such Holder, the Parent Shares held by such Holder, the intended plan of
distribution of such Parent Shares, and any other information regarding the same that

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may be required under applicable laws in connection with the registration of the Parent Shares
as contemplated herein or that the Parent may from time to time reasonably request in connection
with the Shelf Registration Statement and the performance of its obligations hereunder. Without
limiting the generality of the foregoing, each Holder agrees to promptly furnish to the Parent all
information required to be disclosed in order to make the information previously furnished to the
Parent by or on behalf of such Holder not misleading, whether as a result of a material
misstatement, material omission or otherwise. Each Holder agrees that the obligations of Parent
under Section 1 shall be subject to the timely compliance by such Holder with the requirements of
this Section 3. The Parent may, in its sole discretion, exclude from registration on the Shelf
Registration Statement the Parent Shares of any Holder if such Holder fails to furnish the
information reasonably requested by the Parent pursuant hereto within five (5) business days after
receiving such request. The Parent may, in its sole discretion, but shall not be required to,
cause any of the Parent Shares held by a Holder that were not previously included in and registered
under the Shelf Registration Statement (or any amendment or supplement thereof) to be subsequently
included in and registered under the Shelf Registration Statement through an appropriate amendment
or supplement thereof. Any sale or other disposition of any Parent Shares by any Holder pursuant
to the Shelf Registration Statement shall constitute a representation and warranty by such Holder
that the information relating to such Holder and its plan of distribution is as set forth in the
prospectus delivered by such Holder in connection with such sale or disposition, that such
prospectus does not as of the time of such sale contain any untrue statement of a material fact
relating to such Holder or its plan of distribution and that such prospectus does not as of the
time of sale omit to state any material fact relating to such Holder or its plan of distribution
necessary to make the statements in such prospectus, in the light of the circumstances under which
they were made, not misleading. Each Holder agrees that it will promptly notify the Parent
following any sale or other disposition of Parent Shares by such Holder pursuant to the Shelf
Registration Statement by delivering a written notice to the Parent substantially in the form
attached hereto as Exhibit A. In furtherance of each Holder’s obligations to provide the
information referred to in this Section 3, concurrently with its execution and delivery of this
Agreement, each such Holder is delivering to the Parent a completed and executed questionnaire in
the form attached hereto as Exhibit B, and the Holder delivering the same hereby represents
and warrants that the responses and other information provided by such Holder therein are true,
correct and complete.

     4. Supplemental or Amended Prospectus. Each Holder agrees that, upon receipt of any
notice from the Parent of its intention to supplement or amend the prospectus included in the Shelf
Registration Statement, such Holder will forthwith discontinue disposition of Parent Shares
pursuant to the Shelf Registration Statement until such Holder’s receipt of a copy of the
prospectus as so supplemented or amended (which the Parent shall undertake to prepare, file and
provide to the Holders as promptly as practicable), and thereafter such Holder shall only dispose
of Parent Shares upon delivery of the prospectus as so supplemented or amended to the transferee of
such Parent Shares. Each Holder agrees that it will immediately notify the Parent at any time upon
the happening of an event of which such Holder has knowledge as a result of which, or if such
Holder otherwise becomes aware that, information previously furnished by such Holder to the Parent
in writing for inclusion in a prospectus relating to Shelf Registration Statement that is required
to be delivered under the Securities Act contains an untrue statement of a material fact (relating
to such information previously furnished by the Holder) or omits to

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state any material fact (relating to such information previously furnished by the Holder)
required to be stated therein or necessary to make the statements therein not misleading in light
of the circumstances in which they were made.

     5. Registration Expenses. The Parent shall pay and be solely responsible for the
Parent’s legal and accounting fees and expenses incurred in connection with the preparation, filing
and maintaining the continued effectiveness of the Shelf Registration Statement as required
hereunder, including any registration or filing fees charged by the SEC in connection with the
filing of the Shelf Registration Statement. The Holders shall pay and shall be solely responsible
for any and all underwriting fees, discounts, commissions or similar or related fees and expenses
attributable to the sale of the Parent Shares pursuant to the Shelf Registration Statement, as well
as any and all other out-of-pocket expenses of any Holder (including Holder’s legal and accounting
fees and expenses), and any and all transfer and other taxes, relating to the registration and
resale of the Parent Shares pursuant to the Shelf Registration Statement.

     6. Indemnification by the Parent. The Parent agrees to indemnify, defend and hold
harmless each Holder, their agents and affiliates from and against any and all Losses caused by any
untrue statement of a material fact contained in the Shelf Registration Statement or a related
prospectus relating to the Parent Shares (as the same may be amended or supplemented) or any
preliminary prospectus with respect thereto, or caused by any omission or alleged omission to state
therein a material fact required to be stated therein or necessary to make the statements therein,
in light of the circumstances under which they were made, not misleading, except insofar as such
Losses are caused by any such untrue statement or omission based upon information furnished in
writing to the Parent by such Holder or on such Holder’s behalf for inclusion therein.

     7. Indemnification by Holders. Each Holder shall indemnify and hold harmless the
Parent, its officers, directors, employees, agents, subsidiaries and affiliates from and against
any and all Losses caused by any untrue statement of a material fact contained in the Shelf
Registration Statement or a related prospectus relating to the Parent Shares (as the same may be
amended or supplemented) or any preliminary prospectus with respect thereto, or caused by any
omission or alleged to state therein a material fact required to be stated therein or necessary to
make the statements therein, in light of the circumstances under which they were made, not
misleading, but only with respect to information relating to such Holder furnished in writing by
such Holder or on such Holder’s behalf for use in the Shelf Registration Statement or a related
prospectus relating to the resale of the Parent Shares, or any amendment or supplement thereto, or
any preliminary prospectus with respect thereto.

     8. Indemnification Proceedings. Promptly after receipt by an indemnified party
hereunder of notice of the commencement of any action against such indemnified party, such
indemnified party will, if a claim in respect thereof is to be made against the indemnifying party, notify the indemnifying party in writing of the commencement thereof; but the omission so to
notify the indemnifying party will not relieve the indemnifying party from any liability which it
may have to any indemnified party except to the extent the failure of the indemnified party to
provide such written notification actually prejudices the ability of the indemnifying party to
defend such action. In case any such action is brought against any indemnified party, and it

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notifies the indemnifying party of the commencement thereof, the indemnifying party will be
entitled to participate in, and, to the extent that it may wish, jointly with any other
indemnifying party similarly notified, assume the defense thereof, subject to the provisions herein
stated and after notice from the indemnifying party to such indemnified party of its election so to
assume the defense thereof, the indemnifying party will not be liable to such indemnified party
hereunder for any legal or other expenses subsequently incurred by such indemnified party in
connection with the defense thereof other than reasonable costs of investigation, unless the
indemnifying party shall not pursue the action to its final conclusion. The indemnified parties as
a group shall have the right to employ one separate counsel in any such action and to participate
in the defense thereof, but the fees and expenses of such counsel shall not be at the expense of
the indemnifying party if the indemnifying party has assumed the defense of the action with counsel
reasonably satisfactory to the indemnified party unless (i) the employment of such counsel has been
specifically authorized in writing by the indemnifying party, or (ii) the named parties to any such
action (including any impleaded parties) include both the indemnified party and the indemnifying
party and the indemnified party shall have been reasonably advised by its counsel that there may be
one or more legal defenses available to the indemnifying party different from or in conflict with
any legal defenses which may be available to the indemnified party or any other indemnified party
(in which case the indemnifying party shall not have the right to assume the defense of such action
on behalf of such indemnified party, it being understood, however, that the indemnifying party
shall, in connection with any one such action or separate but substantially similar or related
actions in the same jurisdiction arising out of the same general allegations or circumstances, be
liable only for the reasonable fees and expenses of one separate firm of attorneys for the
indemnified party, which firm shall be designated in writing by the indemnified party). No
settlement of any action against an indemnified party shall be made without the prior written
consent of the indemnified party, which consent shall not be unreasonably withheld or delayed so
long as such settlement includes a full release of claims against the indemnified party. All
expenses of the indemnified party (including costs of defense and investigation incurred in a
manner not inconsistent with this Section and, except as otherwise provided above, reasonable
attorneys’ fees and expenses) shall be paid by the indemnifying party to the indemnified party
within ten (10) business days of written notice thereof with reasonably detailed and reliable
supporting documentation to the indemnifying party; provided, that the indemnifying party may
require such indemnified party to undertake to reimburse the indemnifying party for all of such
fees and expenses, with interest at market rates, if and to the extent that it is finally
judicially determined that such indemnified party is not entitled to indemnification hereunder.

     9. Certain Restrictions on Sale by Holders. To the extent not inconsistent with
applicable law, each Holder whose securities are included in the Shelf Registration Statement
agrees not to effect any sale or distribution of the Parent Shares being registered, or any
securities convertible into or exchangeable or exercisable for such securities, including a sale
pursuant to Rule 144 under the Securities Act, during the 14 days prior to, and during the 90-day
period beginning on, the effective date of a registration statement (except the Shelf Registration
Statement), if and to the extent reasonably requested in writing by the Parent.

     10. Material Disclosure. If the Parent determines in its reasonable judgment that the
filing of the Shelf Registration Statement or the use of any related prospectus would require the

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disclosure of material non-public information that the Parent has a bona fide business purpose
for preserving as confidential, and that the Parent is not otherwise then required by applicable
laws or regulations to disclose such information, then upon written notice of such determination by
Parent, the rights of the Holders to offer, sell or distribute any Parent Shares pursuant to the
Shelf Registration Statement or to require the Parent to take any public action with respect to the
registration of any Parent Shares pursuant to the Shelf Registration Statement shall be suspended
for a period not to exceed sixty (60) consecutive days or an aggregate of one hundred twenty (120)
days in any twelve (12) month period (without liability or penalty to the Parent) until the date,
determined by Parent in good faith, that suspension of such rights is no longer necessary. Each
Holder agrees that it shall not, during any such period of suspension, offer, sell or distribute
any Parent Shares pursuant to the Shelf Registration Statement.

     11. No Report Filing. If all reports required to be filed by the Parent pursuant to
the Securities Exchange Act of 1934, as amended (the “Exchange Act”), have not been filed
by the required date, despite Parent’s commercially reasonable efforts to do so, without regard to
any extension, or if the consummation of any business combination by the Parent has occurred or is
probable for purposes of Rule 3-05 or Article 11 of Regulation S-X under the Exchange Act, upon
written notice thereof by the Parent to the Holders, the rights of the Holders to offer, sell or
distribute any Parent Shares pursuant to the Shelf Registration Statement or to require the Parent
to take action with respect to the registration of any Parent Shares pursuant to the Shelf
Registration Statement shall be suspended (without liability or penalty to Parent) until the date
on which the Parent has, exercising diligence and good faith, filed such reports or obtained and
filed the financial information required by Rule 3-05 or Article 11 of Regulation S-X to be
included or incorporated by reference, as applicable, in the Shelf Registration Statement, and the
Parent shall in good faith notify the Holders as promptly as practicable when such suspension is no
longer required.

     12. Company Policies. Each of the Holders hereby acknowledges and agrees that, to the
extent such Holder is an officer, director or employee of the Parent or its subsidiaries following
the Closing, any sales of securities of the Parent made under the Shelf Registration Statement or
otherwise shall be subject to such Holder’s compliance with the Parent’s policies with respect to
trading in the Parent’s securities applicable to its officers, directors and employees generally.

     13. Waivers and Amendments. This Agreement or any provision hereof may be changed,
waived, discharged or terminated only by a statement in writing signed by the party against which
enforcement of the change, waiver, discharge or termination is sought.

     14. Governing Law. This Agreement and any disputes arising out of or in connection
herewith, whether in contract, tort or otherwise, shall be governed by and construed in accordance
with the domestic laws of the State of Delaware without giving effect to any choice or conflict of
law provision or rule (whether of the State of Delaware or any other jurisdiction) that would cause
the application of the laws of any jurisdiction other than the State of Delaware.

     15. Successors and Assigns. This Agreement is binding upon and inures to the benefit
of the parties hereto and their respective heirs, successors and permitted assigns; provided

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however, that the rights granted the Holders under this Agreement may not be assigned to any person
without the prior written consent of Parent.

     16. Entire Agreement. This Agreement and the other documents delivered pursuant
hereto constitute the full and entire understanding and agreement between the parties with regard
to the subject matter hereof and thereof.

     17. Notices, etc. All notices, requests, demands, claims, and other communications
hereunder shall be in writing. Any notice, request, demand, claim, or other communication
hereunder shall be deemed duly given (i) when delivered personally to the recipient, (ii) one
business day after being sent to the recipient by reputable overnight courier service (charges
prepaid), (iii) one business day after being sent to the recipient by facsimile transmission (with
electronic confirmation of receipt), or (iv) four business days after being mailed to the recipient
by certified or registered mail, return receipt requested and postage prepaid, and addressed to the
intended recipient as set forth on the signature pages hereto. Any party may change the address to
which notices, requests, demands, claims, and other communications hereunder are to be delivered by
giving the other parties notice in the manner herein set forth.

     18. Severability. In case any provision of this Agreement shall be invalid, illegal,
or unenforceable, the validity, legality and enforceability of the remaining provisions of this
Agreement or any provision of the other Agreement s shall not in any way be affected or impaired
thereby.

     19 Counterparts. This Agreement may be executed in any number of counterparts, each of
which shall be an original, but all of which together shall constitute one instrument.

Signature Page Follows

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     IN WITNESS WHEREOF, the parties hereto have caused this Registration Rights Agreement to
be duly executed, on the day and year first above written.

	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	PC MALL, INC.	 	 
	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	By:	 	/s/ Brandon H. La Verne	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	Name:	 	Brandon H. La Verne	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	Title:	 	Interim Chief Financial Officer	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	HOLDERS:	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	MAJORITY STOCKHOLDERS:	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	ZOHAR CDO 2003-1, LIMITED	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	By:	 	Patriarch Partners VIII, LLC

its Collateral Manager	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 

	 	 	 	 	 	 	 	By:
	 	/s/ Lynn Tilton	 	 
	 

	 	 	 	 	 	 	 	Name:
	 	Lynn Tilton	 	 
	 

	 	 	 	 	 	 	 	Title:
	 	Manager	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	ZOHAR II 2005-1, LIMITED	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	By:	 	Patriarch Partners XIV, LLC

its Collateral Manager	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 

	 	 	 	 	 	 	 	By:
	 	/s/ Lynn Tilton	 	 
	 

	 	 	 	 	 	 	 	Name:
	 	Lynn Tilton	 	 
	 

	 	 	 	 	 	 	 	Title:
	 	Manager	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	/s/ Charles E. Sweet	 	 
	 	 	 	 	 	 	Charles E. Sweet	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	ROBERT F. ANGART & COMPANY	 	 
	 
	 
	 	 	 	 	 	 	 	By:
	 	/s/ Robert F. Angart	 	 
	 

	 	 	 	 	 	 	 	Name:
	 	Robert F. Angart	 	 
	 

	 	 	 	 	 	 	 	Title:
	 	President	 	 

Signature Page to Registration Rights Agreement

 

	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	/s/ John R. Strauss	 	 
	 	 	 	 	 	 	John R. Strauss	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	/s/ Daniel A. Schneider	 	 
	 	 	 	 	 	 	Daniel A. Schneider	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	/s/ Howard Schapiro

Howard Schapiro	 	 

Signature Page to Registration Rights Agreement

 

Exhibit A

FORM OF NOTICE OF TRANSFER PURSUANT TO REGISTRATION STATEMENT

Date:            
                        
                    

PC Mall, Inc.

Attn: General Counsel

2555 West 190th Street, Suite 201

Torrance, CA 90504

Facsimile: (310) 353-7411

Re:      Transfer of PC Mall, Inc. Common Stock

Ladies and Gentlemen:

Please be advised that the undersigned transferor has transferred the number of shares of common
stock, par value $0.001 per share (the “Common Stock”), of PC Mall, Inc. (the
“Company”) indicated below pursuant to that certain Registration Statement on Form S-3
filed by the Company pursuant to the terms of that certain Registration Rights Agreement, dated as
of [                          ], 2007 (the “Registration Rights Agreement”), by and among the
Company and the investors party thereto, including the undersigned. This Notice is provided
pursuant to Section 3 of the Registration Rights Agreement.

The undersigned hereby certifies that the prospectus delivery requirements, if any, of the
Securities Act of 1933, as amended, have been satisfied with respect to the transfer described
above and the undersigned is named as a selling stockholder in the prospectus dated
[                          ], as amended or supplemented.

Very truly yours,

	 	 	 	 	 
	 	 	 
	By:  	 	 	 
	Name:  	 	 	 	 
	Title:  	 	 	 	 
	 

Transferee Name:                     
              

Number of Shares Transferred:                            
              

Date of Transfer:                            
              

A-1

 

Exhibit B

FORM OF SELLING STOCKHOLDER NOTICE AND QUESTIONNAIRE

     Reference is hereby made to that certain Agreement and Plan of Merger, dated as of August 17,
2007 (the “Merger Agreement”), by and among PC Mall, Inc. (the “Company”), Mall
Acquisition 2, Inc., SARCOM, Inc. and certain of its stockholders (the “Holders”),
including the undersigned. Upon the closing of the transactions contemplated by and in the Merger
Agreement, the undersigned will become the beneficial holder of shares of common stock (“Common
Stock”), par value $0.001 per share, of the Company received as consideration pursuant to the
terms of the Merger Agreement. The undersigned understands that the Company intends to file with
the Securities and Exchange Commission (the “SEC”) a registration statement on Form S-3
(the “Shelf Registration Statement”) for the registration and resale under Rule 415 of the
Securities Act of 1933, as amended (the “Securities Act”), of the Common Stock in
accordance with the terms of the Registration Rights Agreement entered into by and among the
Company and the Holders pursuant to the terms of the Merger Agreement (the “Registration Rights
Agreement”). All capitalized terms used but not otherwise defined herein shall have the
meaning ascribed thereto in the Registration Rights Agreement.

     Each of the Holders is entitled to the benefits of the Registration Rights Agreement in
accordance with and subject to the terms thereof. In order to sell or otherwise dispose of any
Common Stock pursuant to the Shelf Registration Statement, a Seller generally will be required by
applicable law to be named as a selling stockholder in the Shelf Registration Statement and the
related prospectus, deliver a prospectus to purchasers of Common Stock and be bound by those
provisions of the Registration Rights Agreement applicable to such Seller (including certain
indemnification provisions, as described below). A Seller cannot be named as a selling stockholder
in the related prospectus without providing the information requested in this Notice and
Questionnaire. In addition to the information requested in this Notice and Questionnaire, the
Company may from time to time request additional information from the Holders, or any of them,
pursuant to the terms of the Registration Rights Agreement.

     Certain legal consequences arise from being named as a selling stockholder in the Shelf
Registration Statement and the related prospectus. Accordingly, the Holders are advised to consult
their own securities law counsel regarding the consequences of being named or not being named as a
selling stockholder in the Shelf Registration Statement and the related prospectus.

Notice

     The undersigned Seller (the “Selling Stockholder”) hereby gives notice to the Company
of its intention to sell or otherwise dispose of the Common Stock to be received by it pursuant to
the Merger Agreement pursuant to the Shelf Registration Statement. Pursuant to the terms of the
Registration Rights Agreement, the undersigned has agreed to indemnify and hold harmless the
Company and its officers, directors, employees, agents, subsidiaries and affiliates from and
against certain losses as set forth therein, including any such losses that may occur based upon
information provided by the Selling Stockholder herein.

B-1

 

Questionnaire

	1.	(a)	    Full Legal Name of Selling Stockholder:

	 	(b)	 	Full Legal Name of Registered Holder (if not the same as (a) above) through which
Common Stock is or is to be held:
	 
	 	(c)	 	Full Legal Name of Natural Control Person(s) (which means the natural person(s) who
directly or indirectly alone or with others has power to vote or dispose of the securities
covered by the questionnaire):
	 
	 	(d)	 	Is the Selling Stockholder a broker-dealer registered pursuant to Section 15 of the
Securities Exchange Act of 1934, as amended (the “Exchange Act”)?
	 
	 	 	 	o Yes.
	 
	 	 	 	o No.
	 
	 	 	 	Note. If yes, the SEC’s staff has indicated that the Selling Stockholder should be identified
as an underwriter in the Shelf Registration Statement.
	 
	 	(e)	 	If your response to Item 1(d) above is “no,” is the Selling Stockholder an “affiliate”
of a broker-dealer registered pursuant to Section 15 of the Exchange Act?
	 
	 	 	 	o Yes.
	 
	 	 	 	o No.
	 
	 	 	 	For purposes of this Item 1(e), an “affiliate” of a registered broker-dealer shall include
any company that directly, or indirectly through one or more intermediaries, controls, or is
controlled by, or is under common control with, such broker-dealer, and does not include any
individuals employed by such broker-dealer or its affiliates.
	 
	 	(f)	 	If the Selling Stockholder is an affiliate of a broker-dealer, does the Selling
Stockholder certify that it bought the Common Stock in the ordinary course of business, and
at the time of the purchase of the Common Stock to be resold, it had no agreements or
understandings, directly or indirectly, with any person to distribute the Common Stock?
	 
	 	 	 	o Yes.
	 
	 	 	 	o No.
	 
	 	 	 	Note. If no, the SEC’s staff has indicated that the Selling Stockholder should be identified
as an underwriter in the Shelf Registration Statement.

B-2

 

	 	(g)	 	Full legal name of person through which the Selling Stockholder holds or will hold the
Common Stock (i.e. name of the Selling Stockholder’s broker, if applicable, through which
the Common Stock is or will be held):
	 
	 	 	 	Name of broker:
	 
	 	 	 	DTC No:
	 
	 	 	 	Contact person:
	 
	 	 	 	Telephone No. (including area code):
	 
	 	 	 	E-mail address:

	2.	 	Address for Notices to Selling Stockholder:
	 
	 	 	Telephone:
	 
	 	 	Fax:
	 
	 	 	Contact Person:
	 
	 	 	E-mail Address:
	 
	3.	 	Beneficial Ownership of other Company securities owned by the Selling Stockholder:
	 
	 	 	Except as set forth below in this Item (3), the Selling Stockholder is not the beneficial or
registered owner of any securities of the Company other than the Common Stock acquired pursuant
to the Merger Agreement (“Other Securities”).
	 
	 	 	Other Securities owned by the Selling Stockholder:

	4.	 	Relationship with the Company:

Except as set forth below, neither the Selling Stockholder nor any of its affiliates, officers,
directors or principal equityholders (5% or more) has held any position or office or has had any
other material relationship with the Company (or its predecessors or affiliates) during the past
three years, except relationships with SARCOM, Inc. or its affiliates that have previously been
disclosed in writing to the Company.

     State any exceptions here:

	5.	 	Short positions:

Does the Selling Stockholder have, or has the Selling Stockholder previously had, any open short
positions with respect to the Company’s common stock?

B-3

 

     o Yes.

     o No.

The Company hereby advises you that, according to published interpretations, the SEC’s staff
is of the view that short sales of shares covered by the Shelf Registration Statement cannot
be made before the Shelf Registration Statement becomes effective because the shares
underlying the short sale are deemed to be sold at the time such sale is made. There would,
therefore, be a violation of Section 5 of the Securities Act of 1933, as amended, if the
shares were effectively sold prior to the effective date.

Selling Stockholders are hereby reminded that Regulation M of the Securities Exchange Act of
1934, as amended, prohibits certain activities by selling stockholders and certain other
persons in connection with a distribution of securities. Selling Stockholders are hereby
advised to consult their own legal counsel with regard to these prohibitions.

	6.	 	Plan of Distribution:
	 
	 	 	Except as set forth below, the Selling Stockholder (including its donees or pledgees) intends to
distribute the Common Stock acquired pursuant to the Merger Agreement or otherwise listed above
in Item (3) pursuant to the Shelf Registration Statement only as follows (if at all). Such Common
Stock may be sold from time to time directly by the undersigned or, alternatively, through
underwriters, broker-dealers or agents. If the Common Stock is sold through underwriters or
broker-dealers, the Selling Stockholder will be responsible for underwriting discounts or
commissions or agent’s commissions. Such Common Stock may be sold in one or more transactions at
fixed prices, at prevailing market prices at the time of sale, at varying prices determined at
the time of sale, or at negotiated prices. Such sales may be effected in transactions (which may
involve crosses or block transactions):

	 	(i)	 	on any national securities exchange or quotation service on which the Common Stock may be
listed or quoted at the time of sale;
	 
	 	(ii)	 	in the over-the-counter market;
	 
	 	(iii)	 	in transactions otherwise than on such exchanges or services or in the over-the-counter
market; or
	 
	 	(iv)	 	through the writing of options.

In connection with sales of the Common Stock or otherwise, the undersigned may enter into hedging
transactions with broker-dealers, which may in turn engage in short sales of the Common Stock and
deliver Common Stock to close out such short positions, or loan or pledge Common Stock to
broker-dealers that in turn may sell such securities.

State any exceptions here:

B-4

 

Note: In no event will such method(s) of distribution take the form of an underwritten offering
of the Common Stock without the prior agreement of the Company.

	7.	 	Acknowledgements:

The Selling Stockholder acknowledges that it understands its obligation to comply with the
provisions of the Securities Exchange Act of 1934, as amended, and the rules and regulations
promulgated thereunder relating to stock manipulation, particularly Regulation M thereunder (or any
successor rules or regulations), in connection with any offering of Common Stock pursuant to the
Shelf Registration Statement. The Selling Stockholder agrees that neither it nor any person acting
on its behalf will engage in any transaction in violation of such provisions.

The Selling Stockholder hereby acknowledges its obligations under the Registration Rights Agreement
to indemnify and hold harmless certain persons as set forth therein. The undersigned agrees to
promptly notify the Company of any inaccuracies or changes in the information provided herein that
may occur subsequent to the date hereof at any time while the Shelf Registration Statement remains
effective. All notices hereunder and pursuant to the Registration Rights Agreement shall be made
in writing at the address set forth below.

By signing below, the Selling Stockholder consents to the disclosure of the information contained
herein and the inclusion of such information in the Shelf Registration Statement and the related
prospectus. The Selling Stockholder understands that such information will be relied upon by the
Company in connection with the preparation or amendment of the Shelf Registration Statement and the
related prospectus.

Once this Notice and Questionnaire is executed by the Selling Stockholder and received by the
Company, the terms of this Notice and Questionnaire, and the representations and warranties
contained herein, shall be binding on, shall inure to the benefit of and shall be enforceable by
the respective successors, heirs, personal representatives and assigns of the Company and the
undersigned with respect to the Common Stock beneficially owned by the undersigned registered on
the Shelf Registration Statement.

     This Notice and Questionnaire shall be governed in all respects by the laws of the State of
Delaware.

B-5

 

     IN WITNESS WHEREOF, the undersigned Selling Stockholder has caused this Notice and
Questionnaire to be executed and delivered either in person or by its duly authorized agent. The
undersigned hereby represents and warrants and warrants that the information provided in this
Notice and Questionnaire is accurate and complete.

	 	 	 	 	 
	 	Selling Stockholder

 	 
	 	By:  	 	 
	 	Name:  	 	 
	 	Title:  	 	 
	 

Date:                                 

B-6Exhibit 10.1

 

EXHIBIT 10.1

EXECUTION COPY

AMENDMENT NO. 1 TO CREDIT AGREEMENT

     AMENDMENT NO. 1 TO CREDIT AGREEMENT (this “Amendment”) dated July 30, 2007 and effective as of
the Amendment No. 1 Effective Date (as defined below), to the Credit Agreement dated as of January
18, 2007 (as in effect immediately prior to the effectiveness hereof, the “Credit Agreement”) among
Fidelity National Information Services, Inc. (the “Company”), certain Subsidiaries of the Company
party thereto (each, a “Designated Borrower” and, together with the Company, the “Borrowers” and,
each, a “Borrower”), each lender from time to time party thereto (collectively, the “Lenders” and
individually, a “Lender”), JPMorgan Chase Bank, N.A., as Administrative Agent (the “Administrative
Agent”), Swing Line Lender and L/C Issuer, and Bank of America, N.A., as Swing Line Lender.

RECITALS:

     1. The Company has advised the Lenders that the Company intends to undertake the eFunds
Merger (as defined below) pursuant to which eFunds will become a wholly owned Subsidiary of the
Company and, in connection therewith, the Company intends to borrow Additional Term Loans in an
aggregate principal amount of $1,600,000,000.

     2. In connection with the eFunds Merger and related transactions, the Company wishes to amend
the Credit Agreement in the manner described herein. The Lenders party hereto and the
Administrative Agent are willing to agree to such amendments on and subject to the terms and
conditions set forth herein.

     3. The parties hereto therefore agree as follows:

     Section 1. Certain Definitions. Each term used herein which is defined in the Credit
Agreement shall have the meaning assigned to such term in the Credit Agreement. Each reference to
“hereof”, “hereunder”, “herein” and “hereby” and each other similar reference and each reference to
“this Agreement” and each other similar reference contained in the Credit Agreement shall, on and
after the Amendment No. 1 Effective Date, refer to the Credit Agreement as amended hereby.

     Section 2. Defined Terms.

     (a) Section 1.01 of the Credit Agreement is hereby amended by adding, in appropriate
alphabetical order, the following defined terms:

 

 

     ”Amendment No. 1” means Amendment No. 1 to Credit Agreement dated July 30, 2007 and
effective as of the Amendment No. 1 Effective Date.

     ”Amendment No. 1 Effective Date” means the date on which Amendment No. 1 becomes
effective pursuant to Section 15 thereof.

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

     ”Cash Management Obligations” has the meaning set forth in the Pledge Agreement.

     ”Collateral” means all of the “Collateral” referred to in the Collateral Documents
and all of the other property and assets that are or are required under the terms hereof
or of the Collateral Documents to be subject to Liens in favor of the Collateral Agent for
the benefit of the Secured Parties.

     ”Collateral Agent” means JPMCB in its capacity as collateral agent, or any successor
collateral agent.

     ”Collateral Documents” means, collectively, the Pledge Agreement and any other
documents granting a Lien upon the Collateral as security for payment of the Secured
Obligations.

     ”Company Supplemental Agreement” means the Supplemental Agreement dated as of the
Amendment No. 1 Effective Date between the Company and the Administrative Agent,
substantially in the form of Exhibit K.

     ”eFunds” means eFunds Corporation, a Delaware corporation.

     ”eFunds Bonds” means the 5.39% Senior Guaranteed Notes due September 30, 2012 of
eFunds issued pursuant to the Note Purchase Agreement dated as of September 30, 2005 among
eFunds and the purchasers party thereto.

     ”eFunds Fee Letter” means the letter agreement, dated June 26, 2007, as amended,
among the Company, the Arrangers and certain Affiliates of the Arrangers.

     ”eFunds Merger” means the merger between eFunds and Merger Sub, with eFunds as the
surviving entity, all pursuant to the eFunds Merger Agreement.

2

 

     ”eFunds Merger Agreement” means the Agreement and Plan of Merger dated as of June 26,
2007 among the Company, Merger Sub and eFunds.

     ”eFunds Transactions” means the eFunds Merger, the borrowing of Specified Additional
Term Loans, any refinancing of any existing indebtedness of eFunds and all related
transactions (including the payment of all related fees and expenses).

     ”Excess Cash Flow” means for any fiscal year of the Company, the excess, if any, of:

     (a) the sum, without duplication, of

     (i) Consolidated Net Income for such fiscal year,

     (ii) the amount of all non-cash charges (including depreciation and
amortization) deducted in arriving at such Consolidated Net Income,

     (iii) decreases in Working Capital for such fiscal year, and

     (iv) the aggregate net amount of non-cash loss on the disposition of
property by the Company and its Subsidiaries during such fiscal year (other than
sales of inventory in the ordinary course of business), to the extent deducted in
arriving at such Consolidated Net Income.

     minus

     (b) the sum, without duplication, of

     (i) the amount of all non-cash credits included in arriving at such
Consolidated Net Income,

     (ii) Capital Expenditures and Permitted Acquisitions (including any earnout
or other payments made with respect to such Permitted Acquisitions) made in cash
to the extent not financed with (x) the proceeds of long-term Indebtedness (other
than the Obligations) or (y) the proceeds of asset Dispositions and Casualty
Events referred to in clause (b)(vi) below for such fiscal year or any prior
fiscal year,

     (iii) the aggregate amount of all regularly scheduled principal payments of
Indebtedness (including the Term Loans and Capitalized Leases) of the Company and
its Subsidiaries made during such fiscal year (other than in respect of any
revolving

3

 

credit facility to the extent there is not an equivalent permanent reduction
in commitments thereunder),

     (iv) increases in Working Capital for such fiscal year,

     (v) the aggregate net amount of non-cash gain on the disposition of property
by the Company and its Subsidiaries during such fiscal year (other than sales of
inventory in the ordinary course of business), to the extent included in arriving
at such Consolidated Net Income,

     (vi) proceeds of all Dispositions of assets pursuant to Section 7.05(l)(ii),
Section 7.05(q) or Section 7.05(s) and proceeds of all Casualty Events, in each
case received in such fiscal year and to the extent included in arriving at such
Consolidated Net Income,

     (vii) proceeds received by the Restricted Companies from insurance claims
(including, without limitation, with respect to casualty events, business
interruption or product recalls) which reimburse prior business expenses, to the
extent included in arriving at such Consolidated Net Income,

     (viii) cash payments made in satisfaction of non-current liabilities,

     (ix) cash fees and expenses incurred in connection with any Investment
permitted under Section 7.02, Equity Issuance or Debt Issuance (whether or not
consummated), and

     (x) cash indemnity payments received pursuant to indemnification provisions
in any agreement in connection with the eFunds Merger, any Permitted Acquisition
or any other Investment permitted hereunder.

     ”FNIS Notes” means the Company’s 4.75% Notes due 2008 issued pursuant to the
Indenture dated September 10, 2003 between the Company and SunTrust Bank, as trustee.

     ”FNIS Notes Obligations” has the meaning specified in the Pledge Agreement.

     ”Guaranteed Obligations” means (a) in respect of the Guarantee by each Borrower set
forth in Article 10 of this Agreement, (i) all Obligations of each other Borrower, (ii)
all Secured Hedging Obligations of each other Loan Party and (iii) all Cash Management
Obligations of each other Loan Party and (b) in respect of the Subsidiary Guaranty of any
Subsidiary Guarantor, (i) all Obligations of each other Loan Party, (ii) all

4

 

Secured Hedging Obligations of each other Loan Party and (iii) all Cash Management
Obligations of each other Loan Party, in each case of the obligations described in clauses
(a) and (b) above, now or hereafter existing (including, without limitation, any
extensions, modifications, substitutions, amendments or renewals of any or all of the
foregoing obligations), whether direct or indirect, absolute or contingent, and whether
for principal, interest, fees, indemnities, contract causes of action, costs, expenses or
otherwise.

     ”Hedge Agreement” means any Swap Contract permitted under Article 6 or 7 that is
entered into by and between the Company or any of its Subsidiaries and any Hedge Bank.

     ”Hedge Bank” means any Person that is a Lender or an Affiliate of a Lender, in its
capacity as a party to a Hedge Agreement.

     ”Merger Sub” means Agamemnon Merger Corp., a Delaware corporation and a direct wholly
owned subsidiary of the Company.

     ”Perfection Certificate” means a certificate in form satisfactory to the Collateral
Agent that provides information relating to Uniform Commercial Code filings of each Loan
Party.

     ”Pledge Agreement” means that certain Pledge Agreement, dated as of the Amendment No.
1 Effective Date, among the Loan Parties and the Collateral Agent, substantially in the
form of Exhibit L.

     ”Pledge Agreement Supplement” has the meaning specified in the Pledge Agreement.

     ”Secured Hedging Obligations” has the meaning set forth in the Pledge Agreement.

     ”Secured Obligations” has the meaning specified in the Pledge Agreement.

     ”Secured Parties” means, collectively, the Administrative Agent, the Collateral
Agent, the Lenders, the Hedge Banks, the holders of Cash Management Obligations, the
holders of FNIS Notes Obligations (so long as the FNIS Notes are outstanding and other
than for purposes of Article 10 and the Subsidiary Guaranty), the Supplemental
Administrative Agent and each co-agent or sub-agent appointed by the Administrative Agent
from time to time pursuant to Section 9.02.

     ”Specified Additional Term Loans” means the Additional Term Loans in an aggregate
principal amount of $1,600,000,000, the proceeds of which are to be used for the eFunds
Transactions.

5

 

     ”Uniform Commercial Code” means the Uniform Commercial Code as the same may from time
to time be in effect in the State of New York or the Uniform Commercial Code (or similar
code or statute) of another jurisdiction, to the extent it may be required to apply to any
item or items of Collateral.

     ”Working Capital” means, at any date, the excess of current assets of the Company and
its Subsidiaries on such date (excluding cash and Cash Equivalents) over current
liabilities of the Company and its Subsidiaries on such date (excluding current
liabilities in respect to Indebtedness), all determined on a consolidated basis in
accordance with GAAP.

     (b) The definitions of the following terms set forth in Section 1.01 of the Credit Agreement
are hereby amended to read in full as follows:

     ”Class” (a) when used with respect to Lenders, refers to whether such Lenders are
Term Lenders of any tranche or Revolving Lenders, (b) when used with respect to
Commitments, refers to whether such Commitments are Term Commitments of any tranche or
Revolving Credit Commitments and (c) when used with respect to Loans or a Borrowing,
refers to whether such Loans, or the Loans comprising such Borrowing, are Term Loans of
any tranche or Revolving Credit Loans.

     ”Guarantors” means, collectively, (i) each Guarantor Party and (ii) each Subsidiary
Guarantor (with each Subsidiary Guarantor as of the Amendment No. 1 Effective Date listed
on Schedule 1.01B).

     ”Loan Documents” means, collectively, (a) this Agreement, (b) the Amendment No. 1,
(c) the Company Supplemental Agreement, (d) the Collateral Documents, (e) the Notes, (f)
the Guaranty, (g) the Fee Letters, (h) the eFunds Fee Letter, (i) each Letter of Credit
Application and (j) each Designated Borrower Request and Assumption Agreement.

     ”Term Facility” means, at any time, with respect to any Class of Term Loans, (a) on
or prior to the applicable funding date of such Class of Term Loans, the aggregate amount
of the Term Commitments of such Class at such time and (b) thereafter, the aggregate
principal amount of the Term Loans of all Term Lenders of such Class outstanding at such
time.

     (c) Definition of “Applicable Margin". The definition of “Applicable Margin” set forth in
Section 1.01 of the Credit Agreement is hereby amended to replace clauses (a)(i) and (b)(i) thereof
with the following: “(i) until the 6-month anniversary of the Amendment No. 1 Effective Date, the
percentages per annum set forth below for Pricing Level 4”.

6

 

     (d) Definition of “Consolidated EBITDA”. The definition of “Consolidated EBITDA” set forth in
Section 1.01 of the Credit Agreement is hereby amended (i) to insert after the words “cash expenses
incurred in connection with the Transaction, the Certegy Merger, the Reorganization” contained in
clause (b)(viii) thereof the words “, the eFunds Transactions” and (ii) to insert after the words
“any non-cash purchase accounting adjustment and any non-cash write-up, write-down or write-off
with respect to re-valuing assets and liabilities in connection with the Certegy Merger, the
Reorganization” contained in clause (b)(xiii) thereof the words “, the eFunds Merger”.

     (e) Definition of “Facility". The definition of “Facility” set forth in Section 1.01 of the
Credit Agreement is hereby amended to replace the words “the Term Facility” contained therein with
the words “any Term Facility”.

     (f) Definition of “Leverage Ratio”. The definition of “Leverage Ratio” set forth in Section
1.01 of the Credit Agreement is hereby amended to insert, after the words “provided that the amount
of Total Indebtedness determined pursuant to clause (a) above at any date shall be reduced”
contained in the fourth and fifth lines thereof, the words “(i) by the amount of any outstanding
Swing Line Loans or Revolving Credit Loans drawn for the purpose of credit card settlements so long
as (x) such Swing Line Loans and Revolving Credit Loans are repaid within three Business Days after
the applicable date regarding which the Leverage Ratio is calculated and (y) the Company certifies
as to the amount of such Swing Line Loans and Revolving Credit Loans and such repayment in the
applicable Compliance Certificate and (ii)”.

     (g) Definition of “Maturity Date”. The definition of “Maturity Date” set forth in Section
1.01 of the Credit Agreement is hereby amended to add the following proviso at the end thereof: “,
provided that the “Maturity Date” for any Additional Term Loan under an Additional Term
Loan Tranche may be a later date as agreed by the Company and the applicable Lenders providing the
additional Term Commitments in accordance with Section 2.16”.

     (h) Definition of “Responsible Officer". The definition of “Responsible Officer” set forth in
Section 1.01 of the Credit Agreement is hereby amended to add after the words “Closing Date” the
words “or the Amendment No. 1 Effective Date”.

     (i) Definition of “Subsidiary Guaranty”. The definition of “Subsidiary Guaranty” set forth in
Section 1.01 of the Credit Agreement is hereby amended to replace the word “Obligations” contained
therein with the words “Guaranteed Obligations”.

     (j) Replacement of References to “Lender Parties". The definition of the term “Lender
Parties” set forth in Section 1.01 of the Credit Agreement is hereby deleted, and each reference in
the Credit Agreement to “Lender Party” and

7

 

“Lender Parties” is hereby amended to refer to “Secured Party” and “Secured Parties,
respectively.

     (k) Replacement of Certain References to “Closing Date”. All references to the term “Closing
Date” located in the following provisions of the Credit Agreement shall be deemed to be deleted and
replaced with the term “Amendment No. 1 Effective Date”: the definitions of “Guarantee” and
“Unrestricted Subsidiary” in Section 1.01; and Sections 5.11, 6.14, 7.01(b), 7.02(f), 7.03(c),
7.05(f), 7.05(l) and 7.08(j).

     Section 3. Schedules and Exhibits.

     (a) Schedule 1.01B (Amendment No. 1 Effective Date Guarantors). Schedule 1.01B to the Credit
Agreement is hereby deleted in its entirety and replaced with Schedule 1.01B attached to the
Company Supplemental Agreement.

     (b) Schedule 1.01D (Unrestricted Subsidiaries). Schedule 1.01D to the Credit Agreement is
hereby deleted in its entirety and replaced with Schedule 1.01D attached to the Company
Supplemental Agreement.

     (c) Schedule 5.06 (Litigation). Schedule 5.06 to the Credit Agreement is hereby deleted in
its entirety and replaced with Schedule 5.06 attached to the Company Supplemental Agreement.

     (d) Schedule 5.11 (Subsidiaries). Schedule 5.11 to the Credit Agreement is hereby deleted in
its entirety and replaced with Schedule 5.11 attached to the Company Supplemental Agreement.

     (e) Schedule 7.01 (Existing Liens). Schedule 7.01 to the Credit Agreement is hereby deleted
in its entirety and replaced with Schedule 7.01 attached to the Company Supplemental Agreement.

     (f) Schedule 7.02 (Existing Investments). Schedule 7.02 to the Credit Agreement is hereby
deleted in its entirety and replaced with Schedule 7.02 attached to the Company Supplemental
Agreement.

     (g) Schedule 7.03 (Existing Indebtedness). Schedule 7.03 to the Credit Agreement is hereby
deleted in its entirety and replaced with Schedule 7.03 attached to the Company Supplemental
Agreement.

     (h) Schedule 7.08 (Transactions with Affiliates). Schedule 7.08 to the Credit Agreement is
hereby deleted in its entirety and replaced with Schedule 7.08 attached to the Company Supplemental
Agreement.

     (i) Schedule 7.09 (Existing Restrictions). Schedule 7.09 to the Credit Agreement is hereby
deleted in its entirety and replaced with Schedule 7.09 attached to the Company Supplemental
Agreement.

8

 

     (j) Exhibit E (Compliance Certificate). Exhibit E to the Credit Agreement is hereby deleted
in its entirety and replaced with the exhibit attached hereto as Exhibit E.

     (k) Exhibit G (Subsidiary Guaranty). Exhibit G to the Credit Agreement is hereby deleted in
its entirety and replaced with the exhibit attached hereto as Exhibit G.

     (l) Exhibit K (Company Supplemental Agreement). The exhibit that is attached hereto as
Exhibit K is hereby added as Exhibit K to the Credit Agreement.

     (m) Exhibit L (Pledge Agreement). The exhibit that is attached hereto as Exhibit L is hereby
attached as Exhibit L to the Credit Agreement.

Section 4. Amendment to Article 2.

     (a) Mandatory Prepayments.

     (i) Section 2.06(b) of the Credit Agreement is hereby amended by renumbering clauses
(iii), (iv) and (v) thereof as clauses (iv), (v) and (vi), respectively, and adding a new
clause (iii) thereto that reads in full as follows:

     ”(iii) Within ten Business Days after financial statements have been
delivered pursuant to Section 6.01(a) and the related Compliance Certificate has
been delivered pursuant to Section 6.02(b), the Borrowers shall cause to be
prepaid an aggregate principal amount of Term Loans in an amount equal to (A) 50%
of Excess Cash Flow, if any, for the fiscal year covered by such financial
statements (commencing with the first full fiscal year ended after the Amendment
No. 1 Effective Date) minus (B) the sum of (1) the amount of any
prepayments of the Term Loans made pursuant to Section 2.06(a) during the fiscal
year covered by such financial statements and (2) solely to the extent the
Revolving Credit Commitments are reduced pursuant to Section 2.07(a) in
connection therewith (and solely to the extent of the amount of such reduction),
the amount of any prepayments of the Revolving Credit Loans made pursuant to
Section 2.06(a) during the fiscal year covered by such financial statements;
provided that such percentage shall be reduced to (x) 25% if the Leverage
Ratio as of the end of such fiscal year was equal to or less than 3.50:1 and
greater than 3.00:1 and (y) 0% if (I) the Leverage Ratio as of the end of such
fiscal year was equal to or less than 3.00:1 or (II) the Excess Cash Flow for
such year was less than $10,000,000.”

9

 

     (ii) The first sentence of the renumbered clause (iv) of Section 2.06(b) is hereby
amended to read in full as follows: “Each prepayment of Term Loans pursuant to this
Section 2.06(b) shall be applied ratably to each Class of the Term Loans and in direct
order of maturities to the principal repayment installments of the Term Loans that are due
after the date of such prepayment.”

     (iii) The renumbered clause (v) of Section 2.06(b) is hereby amended to replace the
words “pursuant to clauses (i) and (ii) of this Section 2.06(b)” contained in the second
and third lines thereof with the words “pursuant to clauses (i), (ii) and (iii) of this
Section 2.06(b)”.

     (iv) The renumbered clause (vi) of Section 2.06(b) is hereby amended to replace the
words “for purposes of this Section 2.06(b)(v)” contained in the 12th and
13th lines thereof with the words “for purposes of this Section 2.06(b)(vi)”.

     (b) Repayment of Loans. Section 2.08(a) of the Credit Agreement is hereby amended by
replacing the word “Section 2.06(b)(iii)” contained in the fifth line thereof with the word
“Section 2.06(b)(iv)”.

     (c) Increase in Commitments.

     (i) Section 2.16(a) of the Credit Agreement is hereby amended by replacing the words
“shall not exceed $600,000,000” contained in the sixth line thereof with the words “shall
not exceed $2,100,000,000”.

     (ii) Section 2.16(f)(i) of the Credit Agreement is hereby amended to delete the
parenthetical clause contained in the sixth through eighth lines thereof and replace it in
its entirety with the following parenthetical clause: “(except that the interest rate,
amortization payment amounts and maturity date applicable to any Additional Term Loan
under an Additional Term Loan Tranche may be as agreed by the Company and the applicable
Lenders providing the additional Term Commitments, provided that such amortization
payment amounts and maturity date shall be in accordance with the requirements of Section
2.16(b))”.

     Section 5. Amendments to Conditions Precedent.

     (a) Conditions to All Credit Extensions.

     (i) Section 4.02(a) of the Credit Agreement is amended hereby to add the following
proviso at the end thereof:

”; provided that the only representations involving eFunds and its
Subsidiaries, the making of which shall be a condition to the Loans made on
Amendment No. 1 Effective Date, shall be (A) the

10

 

representations and warranties made by or with respect to eFunds or its
Subsidiaries in the eFunds Merger Agreement as are material to the interests of
Lenders, but only to the extent that the Company has the right to terminate its
obligations under the eFunds Merger Agreement as a result of a breach of such
representations and warranties in the eFunds Merger Agreement and (B) the
representations and warranties set forth in Sections 5.02 (other than clause
(c)(ii) thereof), 5.04, 5.12 and 5.15 of this Agreement.”

     (ii) Section 4.02(b) of the Credit Agreement is hereby amended to read in full as
follows:

     ”(b) Subject to clause (a) above in the case of the Loans made on the
Amendment No. 1 Effective Date, no Default shall exist, or would result from such
Credit Extension or from the application of the proceeds therefrom.”

     Section 6. Amendments to Representations and Warranties.

     (a) Governmental Authorization; Other Consents. Section 5.03 of the Credit Agreement is
hereby amended to read in full as follows:1

     “Section 5.03. Governmental Authorization; Other Consents. No material approval,
consent, exemption, authorization, or other action by, or notice to, or filing with, any
Governmental Authority or any other Person is necessary or required to be made or obtained
by any Loan Party in connection with (a) the execution, delivery or performance by any
Loan Party of this Agreement or any other Loan Document, (b) the grant by any Loan Party
of the Liens granted by it pursuant to the Collateral Documents, (c) the perfection or
maintenance of the Liens created under the Collateral Documents (including the priority
thereof) or (d) the exercise by the Administrative Agent or any Lender of its rights under
the Loan Documents or the remedies in respect of the Collateral pursuant to the Collateral
Documents, except for (i) filings necessary to perfect the Liens on the Collateral granted
by the Loan Parties in favor of the Secured Parties, (ii) the approvals, consents,
exemptions, authorizations, actions, notices and filings which have been duly obtained,
taken, given or made and are in full force, (iii) those approvals, consents, exemptions,
authorizations, actions, notices or filings described in the Pledge Agreement and (iv)
those approvals, consents, exemptions, authorizations, actions, notices or filings, the
failure of which to obtain or make could not reasonably be expected to have a Material
Adverse Effect.”

 

			
	1	 	The additional language is italicized for
ease of reference only.

11

 

     (b) No Material Adverse Effect. Section 5.05(b) of the Credit Agreement is hereby amended to
replace the date “December 31, 2005” contained therein with the date “December 31, 2006”.

     (c) Perfection. Article 5 of the Credit Agreement is hereby amended by adding a new Section
5.15 thereto that reads in full as follows:

     “Section 5.15. Perfection, Etc. All filings and other actions necessary to perfect
and protect the Liens in the Collateral created under and in the manner contemplated by
the Collateral Documents have been duly made or taken or otherwise provided for in the
manner reasonably requested by the Administrative Agent and are in full force and effect,
and the Collateral Documents create in favor of the Collateral Agent for the benefit of
the Secured Parties a valid and, together with such filings and other actions, perfected
first priority Lien in the Collateral, securing the payment of the Secured Obligations,
subject to Liens permitted by Section 7.01. The Loan Parties are the legal and beneficial
owners of the Collateral free and clear of any Lien, except for the Liens created or
permitted under the Loan Documents.”

     Section 7. Amendments to Affirmative Covenants.

     (a) Certificates; Other Information. Section 6.02(a) of the Credit Agreement is hereby
amended to replace the words “no later than five days” contained in the first line thereof with the
words “no later than five Business Days”.

     (b) Use of Proceeds. Section 6.11 of the Credit Agreement is hereby amended to redesignate
clause (iii) thereof as clause (iv) and to add immediately prior to such redesignated clause (iv) a
new clause (iii) reading as follows: “, (iii) to finance the eFunds Merger and the other eFunds
Transactions”.

     (c) Covenant to Guarantee Guaranteed Obligations and Give Security. Section 6.12 of the
Credit Agreement is hereby amended to read in full as follows:

     "Section 6.12. Covenant to Guarantee Guaranteed Obligations and Give Security. (a)
Cause the following Restricted Subsidiaries to guarantee the Guaranteed Obligations (each
a “Subsidiary Guarantor”): such Restricted Subsidiaries as shall constitute (x) at least
95% of the Consolidated EBITDA of the Company and its Domestic Subsidiaries (excluding,
for the purposes of such calculation, (1) all Unrestricted Subsidiaries, but including any
Subsidiaries that were, at one time, designated as Unrestricted Subsidiaries, but have
been redesignated as Restricted Subsidiaries pursuant to Section 6.14 and (2) all
Prohibited Restricted Subsidiaries described in the following sentence for so long as the
relevant Indebtedness remains outstanding) for the four fiscal quarters

12

 

most recently ended for which financial statements have been delivered pursuant to Section
6.01 and (y) at least 95% of the Total Assets of the Company and its Domestic Subsidiaries
(excluding, for the purposes of such calculation, (1) all Unrestricted Subsidiaries, but
including any Subsidiaries that were, at one time, designated as Unrestricted
Subsidiaries, but have been redesignated as Restricted Subsidiaries pursuant to Section
6.14 and (2) all Prohibited Restricted Subsidiaries described in the following sentence
for so long as the relevant Indebtedness remains outstanding) as of the last day of the
fiscal quarter most recently ended for which financial statements have been delivered
pursuant to Section 6.01. Notwithstanding the foregoing, (i) any Restricted Subsidiary
that is a guarantor of any Permitted Subordinated Indebtedness shall also be required to
be a Subsidiary Guarantor, (ii) no Subsidiary shall be required to be a Subsidiary
Guarantor if such Subsidiary is a Foreign Subsidiary or a Domestic Subsidiary of a Foreign
Subsidiary and (iii) no Restricted Subsidiary that is prohibited from guaranteeing the
Guaranteed Obligations pursuant to documents governing any Indebtedness assumed in
connection with a Permitted Acquisition and not incurred in contemplation thereof (each, a
“Prohibited Restricted Subsidiary”) shall be required to become a Subsidiary Guarantor for
so long as such Indebtedness remains outstanding.

     (b) At the end of each fiscal quarter of the Company, the Company shall determine
whether any Restricted Companies that are not currently Subsidiary Guarantors shall be
required, pursuant to the provisions of Section 6.12(a) to become Subsidiary Guarantors
and, within 60 days after the end of such fiscal quarter (or such longer period as the
Administrative Agent may agree in its reasonable discretion), will at the Company’s
expense:

     (i) Cause any new Subsidiary Guarantors (each, an “Additional Guarantor”) to
duly execute and deliver to the Administrative Agent a guaranty substantially in
the form of Exhibit G (either directly or via a guaranty supplement) or such
other form of guaranty or guaranty supplement to guarantee the Guaranteed
Obligations in form and substance reasonably satisfactory to the Administrative
Agent and the Company, it being understood and agreed that each Subsidiary that
is required to be a Subsidiary Guarantor on the Closing Date shall duly execute
and deliver to the Administrative Agent a Subsidiary Guaranty on the Closing
Date; provided that in connection with any acquisition of any Restricted
Company, if any Subsidiary that is not already a Subsidiary Guarantor shall be
required, pursuant to the provisions of Section 6.12(a) to become a Subsidiary
Guarantor, the Company shall, in each case at the Company’s expense and within 30
days of

13

 

being so required, cause such Subsidiary to duly execute and deliver to the
Administrative Agent a Subsidiary Guaranty;

     (ii) Cause such Additional Guarantor to duly execute and deliver to the
Administrative Agent a Pledge Agreement Supplement, as specified by and in form
and substance reasonably satisfactory to the Administrative Agent (consistent
with the Pledge Agreement and other security documents in effect on the Amendment
No. 1 Effective Date), granting a Lien in substantially all of the Equity
Interests directly held by such Restricted Subsidiary, in each case securing the
Secured Obligations of such Additional Guarantor; provided that (A) no
more than 65% of the voting Equity Interests of any Foreign Subsidiary that are
held directly by a Loan Party shall be required to be pledged to support the
Secured Obligations (except to the extent such Equity Interests are pledged to
support obligations under any Permitted Subordinated Indebtedness); (B) no Equity
Interests of any Restricted Subsidiary which have been pledged to secure
Indebtedness of such Additional Guarantor assumed in connection with a Permitted
Acquisition that is secured by a Lien permitted by Section 7.01(p) shall be
required to be pledged, but only for so long as such Lien is in effect; (C) no
Equity Interests of any Foreign Subsidiary that are held directly by a Foreign
Subsidiary shall be required to be pledged to support the Secured Obligations
(except to the extent such Equity Interests are pledged to support obligations
under any Permitted Subordinated Indebtedness); (D) Equity Interests in any Joint
Venture which cannot be pledged without the consent of any third party (and which
such consent has not been obtained) shall not be required to be pledged to
support the Secured Obligations to the extent such restriction is enforceable;
and (E) Equity Interests of a Restricted Subsidiary shall not be required to be
pledged to support the Secured Obligations if the Administrative Agent reasonably
determines that the costs of obtaining the security interest in such Equity
Interests are unreasonably excessive in relation to the benefit to the Secured
Parties of the security to be afforded thereby;

     (iii) Cause such Additional Guarantor to deliver, to the extent required to
be pledged hereunder or under the Collateral Documents, any and all certificates
representing Equity Interests owned by such Restricted Subsidiary accompanied by
undated stock powers or other appropriate instruments of transfer executed in
blank; and

     (iv) Take and cause such Additional Guarantor to take whatever action
(including the filing of Uniform Commercial Code financing statements, and
delivery of stock and membership

14

 

interest certificates) as may be necessary in the reasonable opinion of the
Administrative Agent to vest in the Administrative Agent (or in any
representative of the Administrative Agent designated by it) valid and subsisting
Liens on the properties purported to be subject to the Pledge Agreement
Supplements and other security documents delivered pursuant to this Section 6.12,
enforceable against all third parties in accordance with their terms.

     (c) (i) So long as the eFunds Bonds remain outstanding, no Equity Interests of any
Subsidiary of eFunds shall be pledged to support the Secured Obligations and (ii) so long
as the FNIS Notes remain outstanding, no Equity Interests of any Subsidiary of the Company
shall be pledged to support the Secured Obligations to the extent that grant of a Lien on
the same would result in triggering additional financial reporting requirements under Rule
3-16 of Regulation S-X under the 1934 Act upon securing the FNIS Notes (as contemplated by
Section 4.04 of the indenture governing the FNIS Notes, as in effect on the Amendment No.
1 Effective Date); provided that, within 30 days, or such longer period as the
Administrative Agent may agree in its reasonable discretion, after all such bonds or notes
cease to be outstanding or any such Person ceases to be so classified and restricted, the
Borrowers shall cause each such Person that is a Guarantor to comply with Section 6.12(b).

     (d) Within 45 days after the reasonable request therefor by the Administrative Agent,
or such longer period as the Administrative Agent may agree in its reasonable discretion,
the Borrowers shall, at the Borrowers’ expense, deliver to the Administrative Agent a
signed copy of an opinion, addressed to the Administrative Agent and the other Secured
Parties, of counsel for the Loan Parties reasonably acceptable to the Administrative Agent
as to such matters set forth in Section 6.12(b) in respect of foreign Equity Interests as
the Administrative Agent may reasonably request.

     (e) Notwithstanding anything to the contrary in this Agreement, to the extent that
the Company shall determine at any time that certain Restricted Subsidiaries that are not
required to be Subsidiary Guarantors pursuant to the provisions of Section 6.12(a) above
are parties to a Subsidiary Guaranty and/or a Pledge Agreement, the Company shall be
entitled to give notice to that effect to the Administrative Agent whereupon such
Restricted Subsidiaries shall no longer be deemed to be Subsidiary Guarantors and the
Administrative Agent shall promptly release each such Restricted Subsidiary from its
Subsidiary Guaranty and any applicable Pledge Agreement (and release any liens granted on
any Collateral of such Restricted Subsidiary).

     (d) Further Assurances. Section 6.13 of the Credit Agreement is hereby amended to read in
full as follows:

15

 

     "Section 6.13. Further Assurances. Promptly upon reasonable request by the
Administrative Agent, (i) correct any material defect or error that may be discovered in
the execution, acknowledgment, filing or recordation of any Loan Document or other
document or instrument relating to any Collateral and (ii) do, execute, acknowledge,
deliver, record, re-record, file, re-file, register and re-register any and all such
further acts, deeds, certificates, assurances and other instruments as the Administrative
Agent may reasonably require from time to time in order to carry out more effectively the
purposes of the Loan Documents.”

     (e) Designation of Subsidiaries. Section 6.14 of the Credit Agreement is hereby amended (i) to
replace the words “a Joint Venture in existence on the Closing Date that thereafter becomes a
Subsidiary (an “Excluded Unrestricted Subsidiary”)” contained in the third through fifth lines
thereof, with the words “(x) a Joint Venture in existence on the Amendment No. 1 Effective Date
that thereafter becomes a Subsidiary or (y) a Securitization Vehicle (each, an “Excluded
Unrestricted Subsidiary”)” and (ii) to replace the words “designation of any Subsidiary as an
Unrestricted Subsidiary” contained in the second sentence thereof with the words “designation of
any Subsidiary (other than a Securitization Vehicle) as an Unrestricted Subsidiary”.

     Section 8. Amendment to Negative Covenants.

     (a) Liens.

     (i) Section 7.01(b) of the Credit Agreement is hereby amended to replace the words
“Liens existing on the Closing Date” contained in the first line thereof with the words
“Liens existing on the Amendment No. 1 Effective Date”.

     (ii) Section 7.01 of the Credit Agreement is hereby amended to add a new sentence at
the end of such section that reads in full as follows:

“Without limitation of the foregoing, in no event shall the Company or any of its
Restricted Subsidiaries create, incur, assume or suffer to exist any Lien upon
any of the Equity Interests in eFunds or any of its Subsidiaries (other than
under the Loan Documents) so long as the eFunds Bonds are outstanding.”

     (b) Investments.

     Section 7.02(n) of the Credit Agreement is hereby amended (x) to insert after the
words “the book value of the assets of an Unrestricted Subsidiary” contained in the second
and third lines thereof and after the words “the book value of all Unrestricted
Subsidiaries” contained in the seventh and eighth lines thereof, the words “other than any
Securitization Vehicle”; and (y) to insert after the words “not to exceed” contained in
the

16

 

ninth and tenth lines thereof, the phrase “for all Unrestricted Subsidiaries (other
than Securitization Vehicles)”.

(c) Indebtedness.

     The proviso at the end of Section 7.03 of the Credit Agreement is hereby amended to
read in its entirety as follows: “provided that at the time of incurrence or assumption
of any Specified Debt described below, after giving effect to such Specified Debt, the
aggregate principal amount of all Specified Debt shall not exceed the greater of
$500,000,000 and 15% of Consolidated Shareholders’ Equity. For purposes hereof,
“Specified Debt” means, without duplication, (A) any Indebtedness of a Loan Party that is
secured by Liens permitted to exist in reliance on any of clauses (n), (p) or (w) of
Section 7.01 and (B) (1) any Indebtedness of a Restricted Subsidiary that is not a Loan
Party that is permitted to exist in reliance on any of clauses (g), (h), (w)(i) (but only
if the Liens securing such Indebtedness are permitted to exist in reliance on any of
clauses (n), (p) or (w) of Section 7.01) or (x) of this Section 7.03 (the “Excluded Debt”)
and (2) any Guarantee of Excluded Debt permitted by this Section 7.03.”

     (d) Dispositions. Section 7.05(f) of the Credit Agreement is hereby amended by replacing the
words “shall not exceed $50,00,000” contained in the second and third lines thereof with the words
“shall not exceed $100,000,000”.

     (e) Burdensome Agreements. Section 7.09 of the Credit Agreement is hereby amended by
replacing the words “exist on the date hereof” contained in clause (i)(x) to the proviso thereto
with the words “exist on the Amendment No. 1 Effective Date”.

     (f) Financial Covenants. The table set forth in Section 7.10(a) is hereby amended to read in
full as follows:

	 	 	 	 	 
	Period Ending Date	 	Leverage Ratio	 
	December 31, 2006 through December 31, 2008
	 	 	4.0:1.0	 
	March 31, 2009 through December 31, 2009
	 	 	3.5:1.0	 
	March 31, 2010 and thereafter
	 	 	3.25:1.0	 

     Section 9. Amendments to Events of Default and Remedies.

     (a) Events of Default. Section 8.01 of the Credit Agreement is hereby amended by replacing
the period at the end of clause (j) thereof with “; or” and adding a new clause (k) thereof that
reads in full as follows:

17

 

     ”(k) Collateral Documents. Any Collateral Document after delivery thereof pursuant to
Section 15(a) of Amendment No. 1 or Section 6.12 hereof shall for any reason (other than
pursuant to the terms thereof including as a result of a transaction permitted under
Section 7.05) cease to create a valid and perfected first priority Lien on and security
interest in any material portion of the Collateral, subject to Liens permitted under
Section 7.01, or any Loan Party shall assert in writing such invalidity or lack of
perfection or priority (other than in an informational notice delivered to the
Administrative Agent), except to the extent that any such loss of perfection or priority
results from the failure of the Administrative Agent to maintain possession of
certificates or other possessory collateral actually delivered to it representing
securities or other collateral pledged under the Collateral Documents or to file Uniform
Commercial Code financing statements, continuation statements or equivalent filings.”

     Section 10. Amendments to Agent Provisions.

     (a) Appointment and Authorization of Agents. Section 9.01 of the Credit Agreement is hereby
amended by adding a new clause (c) thereto that reads in full as follows:

     ”(c) The Administrative Agent shall also act as the “collateral agent” under the Loan
Documents, and each of the Lenders (in its capacities as a Lender, Swing Line Lender (if
applicable), L/C Issuer (if applicable) and a potential Hedge Bank) hereby irrevocably
appoints and authorizes the Administrative Agent to act as the agent of (and to hold any
security interest created by the Collateral Documents for and on behalf of or on trust
for) such Lender for purposes of acquiring, holding and enforcing any and all Liens on
Collateral granted by any of the Loan Parties to secure any of the Secured Obligations,
together with such powers and discretion as are reasonably incidental thereto. In this
connection, the Administrative Agent, as “collateral agent” (and any co-agents, sub-agents
and attorneys-in-fact appointed by the Administrative Agent pursuant to Section 9.02 for
purposes of holding or enforcing any Lien on the Collateral (or any portion thereof)
granted under the Collateral Documents, or for exercising any rights and remedies
thereunder at the direction of the Administrative Agent), shall be entitled to the
benefits of all provisions of this Article 9 (including Section 9.07, as though such
co-agents, sub-agents and attorneys-in-fact were the “collateral agent” under the Loan
Documents) as if set forth in full herein with respect thereto.”

     (b) Delegation of Duties. Section 9.02 of the Credit Agreement is hereby amended by inserting
the following parenthetical clause after the words “duties under this Agreement or any other Loan
Document” contained therein: “(including for purposes of holding or enforcing any Lien on the
Collateral (or any portion thereof) granted under the Collateral Documents or of exercising any
rights and remedies thereunder)”.

18

 

     (c) Liability of Agents. Section 9.03 of the Credit Agreement is hereby amended by inserting
the following clause after the words “or the validity, effectiveness, genuineness, enforceability
or sufficiency of this Agreement or any other Loan Document,” contained in 9th through
11th lines thereof: “or the perfection or priority of any Lien or security interest
created or purported to be created under the Collateral Documents,”.

     (d) Successor Agents. The 6th and 7th sentences of Section 9.09 of the
Credit Agreement is hereby amended to read in full as follows:

     “If no successor agent has accepted appointment as the Administrative Agent by the
date which is 30 days following the retiring Administrative Agent’s notice of resignation,
the retiring Administrative Agent’s resignation shall nevertheless thereupon become
effective and the Lenders shall perform all of the duties of the Administrative Agent
hereunder until such time, if any, as the Required Lenders appoint a successor agent as
provided for above; provided that in the case of any Collateral held by the
Administrative Agent on behalf of the Lenders or an L/C Issuer under any of the Loan
Documents, the retiring Administrative Agent shall continue to hold such Collateral until
such time as a successor Administrative Agent is appointed. Upon the acceptance of any
appointment as the Administrative Agent hereunder by a successor and upon the execution
and filing or recording of such financing statements, or amendments thereto, and such
other instruments or notices, as may be necessary or desirable, or as the Required Lenders
may request, in order to continue the perfection of the Liens granted or purported to be
granted by the Collateral Documents, the Administrative Agent shall thereupon succeed to
and become vested with all the rights, powers, discretion, privileges, and duties of the
retiring Administrative Agent, and the retiring Administrative Agent shall be discharged
from its duties and obligations under the Loan Documents.”

     (e) Collateral and Guaranty Matters. Section 9.11 of the Credit Agreement is amended to read
in full as follows:

     “Section 9.11. Collateral and Guaranty Matters. The Lenders irrevocably authorize the
Administrative Agent:

     (a) to release any Lien on any property granted to or held by the Administrative
Agent under any Loan Document (i) upon termination of the Aggregate Commitments and
payment in full of all Secured Obligations (other than (A) Secured Hedging Obligations,
(B) Cash Management Obligations, (C) FNIS Notes Obligations and (D) contingent
indemnification obligations not yet accrued and payable) and the expiration or termination
of all Letters of Credit (or provision therefor in full in a manner reasonably
satisfactory to each L/C Issuer), (ii) that is sold or to be sold as part of or in
connection with any sale permitted

19

 

hereunder or under any other Loan Document to any Person other than a Loan Party,
(iii) subject to Section 11.01, if approved, authorized or ratified in writing by the
Required Lenders, or (iv) owned by a Guarantor upon release of such Guarantor from its
obligations under its Guaranty pursuant to clause (b) below; and

     (b) to release any Guarantor from its obligations under any Loan Document to which it
is a party if such Person ceases to be a Restricted Subsidiary as a result of a
transaction or designation permitted hereunder; provided that no such release shall occur
if such Guarantor continues to be a guarantor in respect of any Permitted Subordinated
Indebtedness unless and until such Guarantor is (or is being simultaneously) released from
its guarantee with respect to such Permitted Subordinated Indebtedness.

     Upon request by the Administrative Agent at any time, the Required Lenders will
confirm in writing the Administrative Agent’s authority to release its interest in
particular types or items of property, or to release any Guarantor from its obligations
under the Loan Documents pursuant to this Section 9.11. In each case as specified in this
Section 9.11, the Administrative Agent will, at the Borrowers’ expense, execute and
deliver to the applicable Loan Party such documents as such Loan Party may reasonably
request to evidence the release of such item of Collateral from the assignment and
security interest granted under the Collateral Documents, or to release such Guarantor
from its obligations under the Loan Documents, in each case in accordance with the terms
of the Loan Documents and this Section 9.11.”

     (f) Appointment of Supplemental Administrative Agents. Section 9.13 of the Credit Agreement
is hereby amended by renumbering subsection (b) thereof as subsection (c) and inserting a new
subsection (b) that reads in full as follows:

     ”(b) In the event that the Administrative Agent appoints a Supplemental
Administrative Agent with respect to any Collateral, (i) each and every right, power,
privilege or duty expressed or intended by this Agreement or any of the other Loan
Documents to be exercised by or vested in or conveyed to the Administrative Agent with
respect to such Collateral shall be exercisable by and vest in such Supplemental
Administrative Agent to the extent, and only to the extent, necessary to enable such
Supplemental Administrative Agent to exercise such rights, powers and privileges with
respect to such Collateral and to perform such duties with respect to such Collateral, and
every covenant and obligation contained in the Loan Documents and necessary to the
exercise or performance thereof by such Supplemental Administrative Agent shall run to and
be enforceable by either the Administrative Agent or such Supplemental Administrative
Agent, and (ii) the provisions of this Article

20

 

9 and of Section 9.07 (obligating the Borrowers to pay the Administrative Agent’s
expenses and to indemnify the Administrative Agent) that refer to the Administrative Agent
shall inure to the benefit of such Supplemental Administrative Agent and all references
therein to the Administrative Agent shall be deemed to be references to the Administrative
Agent and/or such Supplemental Administrative Agent, as the context may require.”

     Section 11. Amendments to Guaranty.

     (a) Guaranty. The first sentence of Section 10.01 of the Credit Agreement is hereby amended
to read in its entirety as follows:

“Each Borrower (other than a Designated Borrower that is a Foreign Subsidiary)
hereby guarantees the punctual payment when due, whether at scheduled maturity or
by acceleration, demand or otherwise, of all of its Guaranteed Obligations (each
Borrower in its capacity as guarantor under this Article 10, a “Guarantor
Party”).”

     (b) Guaranty Absolute. Section 10.03 of the Credit Agreement is hereby amended (i) to
renumber clauses (d), (e), (f) and (g) thereof as clauses (e), (f), (g) and (h), respectively, (ii)
to replace clause (c) thereof with the following clause (c) and (iii) to insert a new clause (d)
that reads in full as follows:

     ”(c) any taking, exchange, release or non-perfection of any Collateral or
any other collateral, or any taking, release or amendment or waiver of, or
consent to departure from, any other guaranty, for all or any of its Guaranteed
Obligations;

     (d) any manner of application of Collateral or any other collateral, or
proceeds thereof, to all or any of its Guaranteed Obligations, or any manner of
sale or other disposition of any Collateral or any other collateral for all or
any of its Guaranteed Obligations or any other Secured Obligations of any Loan
Party under the Loan Documents or any other assets of any Loan Party or any of
its Subsidiaries;”.

     (c) Waiver and Acknowledgments.

     (i) Section 10.04(a) of the Credit Agreement is hereby amended to replace the clause
“any requirement that any Lender Party exhaust any right or take any action against any
Loan Party or any other Person” contained at the end thereof with the following clause:
“any requirement that any Secured Party protect, secure, perfect or insure any Lien or any
property subject thereto or exhaust any right or take any action against any Loan Party or
any other Person or any Collateral”.

21

 

     (ii) Section 10.04(c) of the Credit Agreement is hereby amended to insert after the
words “to proceed against any of the other Loan Parties, any other guarantor or any other
Person” contained in the fifth and sixth lines therein the words “or any Collateral”.

     (d) Subrogation. Section 10.05 of the Credit Agreement is hereby amended by (i) adding after
the words “against any other Loan Party or any other insider guarantor” contained in the
8th line of the first sentence thereof the words “or any Collateral” and (ii) adding the
following clause at the end of the second sentence thereof: “, or to be held as Collateral for any
of such Guarantor Party’s Guaranteed Obligations or other amounts payable by it under this Article
10 thereafter arising”.

     Section 12. Amendments to Miscellaneous Provisions.

     (a) Amendments, Etc.

     (i) Clause (ii)(B) to the first proviso to Section 11.01(a) of the Credit Agreement
is hereby amended to read in full as follows:

     ”(B) release all or substantially all of the Collateral in any transaction
or series of related transactions, or release all or substantially all of the
value of the Guaranty”.

     (ii) The second proviso to Section 11.01(a) of the Credit Agreement is hereby amended
by (i) deleting the word “and” at the end of clause (4) thereto, (ii) renumbering clause
(5) thereto as clause (6) and inserting after the words “the Fee Letters” contained in
such clause (6) the words “and the eFunds Fee Letter” and (iii) inserting a new clause (5)
that reads in full as follows:

     ”(5) no amendment, waiver or consent shall alter the allocation of payments
set forth in Section 2.06(b)(iv) between the Classes of Term Loans without the
consent of Lenders having more than 50% of the outstanding principal amount of
each Class of Term Loans affected thereby, voting as separate classes; and”.

     (iii) Section 11.01(e) of the Credit Agreement is hereby amended to insert the words
“of any Class” after the words “to permit the refinancing of all outstanding Term Loans”
contained in the third and fourth lines thereof.

     (iv) Section 11.01(f) of the Credit Agreement is hereby amended (i) to replace the
words “by one or more Lenders (the “Consenting Lenders”)” contained in the fourth line
thereof with the words “by the Required Lenders” and (ii) to replace all other references
to

22

 

“Consenting Lenders” contained therein with the words “Required Lenders”.

     (v) Section 11.04 of the Credit Agreement is hereby amended to insert the following
sentence after the end of the first sentence thereof:

“The foregoing costs and expenses shall include all search and filing
charges relevant to the Collateral and fees and taxes related thereto,
and the related reasonable out-of-pocket expenses incurred by any
Agent.”

     (vi) Section 11.07(d)(i) of the Credit Agreement is hereby amended to replace the
dollar amount “$10,000,000” contained therein with the dollar amount “$1,000,000”.

     (vii) Section 11.07(f) of the Credit Agreement is hereby amended to insert after the
words “any amendment, waiver or other modification described in Section 11.01(a)(i)”
contained in 13th and 14th lines thereof the words “or Section
11.01(a)(ii)”.

     Section 13. Amendment of Subsidiary Guaranty. The parties hereto agree that the Subsidiary
Guaranty dated as of January 18, 2007 shall be amended to reflect the terms set forth in the form
of Subsidiary Guaranty attached hereto as Exhibit G (such amendment being referred to herein as the
"Subsidiary Guaranty Amendment”).

     Section 14. Representations and Warranties. The Company, as a Borrower under the Credit
Agreement, hereby represents and warrants to the Agents and the Lenders as follows:

     (a) Authorization; No Contravention. The execution, delivery and performance by the Company
of this Amendment are (a) within the Company’s corporate or other powers, (b) have been duly
authorized by all necessary corporate, shareholder or other organizational action, and (c) do not
and will not (i) contravene the terms of any of the Company’s Organization Documents, (ii) conflict
with or result in any breach or contravention of, or the creation of any Lien under (other than as
permitted by Section 7.01 of the Credit Agreement), or require any payment to be made under any (A)
documentation governing any Permitted Subordinated Indebtedness, (B) any other Contractual
Obligation to which the Company is a party or affecting the Company or the properties of the
Company or any of its Subsidiaries or (C) any order, injunction, writ or decree, of or with any
Governmental Authority or any arbitral award to which the Company or its property is subject; or
(iii) violate, in any material respect, any Law; except with respect to any conflict, breach or
contravention or payment (but not creation of Liens) referred to in clause (ii) to the extent that
such conflict, breach, contravention or payment could not reasonably be expected to have a Material
Adverse Effect.

23

 

     (b) Binding Effect. This Amendment has been duly executed and delivered by the Company. This
Amendment constitutes a legal, valid and binding obligation of the Company, enforceable against the
Company in accordance with its terms, except as such enforceability may be limited by bankruptcy
insolvency, reorganization, receivership, moratorium or other Laws affecting creditors’ rights
generally and by general principles of equity.

     Section 15. Conditions To Effectiveness of Amendment. This Amendment shall become effective
upon the satisfaction of the following conditions (the “Amendment No. 1 Effective Date”):

     (a) The Administrative Agent’s receipt of the following, each of which shall be originals, or
electronic copies or facsimiles followed promptly by originals (unless otherwise specified), each
properly executed by a Responsible Officer of the applicable Loan Party, each in form and substance
reasonably satisfactory to the Administrative Agent:

     (i) executed counterparts of this Amendment from the Company and the Required
Lenders;

     (ii) a guaranty substantially in the form of Exhibit G (either directly or via a
guaranty supplement) or such other form of guaranty or guaranty supplement to guarantee
the Guaranteed Obligations in form and substance reasonably satisfactory to the
Administrative Agent and the Company, duly executed by eFunds, it being agreed that for so
long as the eFunds Bonds are outstanding, eFunds shall guarantee such obligations only up
to an amount that is permitted by the indenture governing the eFunds Bonds;

     (iii) executed counterparts of the Subsidiary Guaranty Amendment and the Company
Supplemental Agreement (together with all schedules contemplated thereby, which schedules
shall be reasonably satisfactory to the Administrative Agent);

     (iv) the Pledge Agreement, duly executed by each Loan Party together with:

     (A) certificates representing any certificated Pledged Equity referred to
therein accompanied by undated stock powers executed in blank,

     (B) a completed Perfection Certificate in the form attached hereto as Annex
B dated the Amendment No. 1 Effective Date and executed by a Responsible Officer
of each Loan Party (or such other form as may be reasonably acceptable to the
Administrative Agent); and

24

 

     (C) evidence reasonably satisfactory to the Administrative Agent that the
Liens (if any) indicated on a lien search with respect to each Loan Party in the
jurisdiction where such Loan Party is located (within the meaning of Section
9-307 of the Uniform Commercial Code as in effect in the State of New York)
either (1) with respect to the Company and its subsidiaries existing prior to the
time of the eFunds Merger, are permitted by Section 7.01 or (2) with respect to
eFunds and its subsidiaries existing at the time of the eFunds Merger, are
disclosed on the schedules to the eFunds Merger Agreement or are otherwise
permitted to exist by the eFunds Merger Agreement without giving the Company the
right to refuse to close on the eFunds Merger as a result of the existence of
such Liens;

     (v) evidence (in form reasonably satisfactory to the Administrative Agent) of the
identity, authority and capacity of each Responsible Officer of each Loan Party executing
this Amendment, the Subsidiary Guaranty Amendment or Subsidiary Guaranty, the Company
Supplemental Agreement or any Collateral Document on the Amendment No. 1 Effective Date;

     (vi) such documents and certifications as the Administrative Agent may reasonably
require to evidence that each Loan Party is duly organized or formed, validly existing, in
good standing and qualified to engage in business in its jurisdiction of organization;

     (vii) opinions of counsel to the Company addressed to each Agent and each Lender
providing legal opinions substantially similar to those set forth on Annex C hereto (with
standard exceptions and qualifications reasonably acceptable to the Administrative Agent);

     (viii) a certificate signed by a Responsible Officer of the Company certifying as to
the satisfaction of the conditions set forth in Section 15(f) and (g) of this Amendment;

     (ix) a certificate attesting to the Solvency of the Company and the Restricted
Subsidiaries (taken as a whole) after giving effect to the eFunds Transactions, this
Amendment and each of the other transactions contemplated to occur on the Amendment No. 1
Effective Date from the chief financial officer, treasurer or assistant treasurer of the
Company; and

     (x) copies (certified to be true and complete by the Company) of any amendments to
the eFunds Merger Agreement and the disclosure schedules thereto.

     (b) All fees and expenses required to be paid on or before the Amendment No. 1 Effective Date
shall have been paid in full in cash.

25

 

     (c) The eFunds Merger Agreement and any material agreement relating thereto shall not have
been altered, amended or otherwise changed or supplemented in a manner material and adverse to the
Lenders or any condition therein waived in a manner material and adverse to the Lenders, in each
case without the consent of the Arrangers (which shall not be unreasonably withheld or delayed).
The eFunds Merger shall have been consummated, or substantially concurrently consummated, in
accordance with the terms of the eFunds Merger Agreement.

     (d) There shall not have occurred between December 31, 2006 and the Amendment No. 1 Effective
Date any event, occurrence, change, state of circumstances or condition which, individually or in
the aggregate has had or is reasonably likely to have a “Material Adverse Effect” (as defined in
the eFunds Merger Agreement and set forth for ease of reference in the annex attached hereto as
Annex A).

     (e) The Lenders shall have received (i) audited consolidated financial statements of eFunds
for the fiscal year ended December 31, 2006 and (ii) such financial information for periods ending
after December 31, 2006 as shall be publicly available prior to the Amendment No. 1 Effective Date
(or as may be otherwise delivered to the Company pursuant to the eFunds Merger Agreement). The
Lenders shall have received pro forma consolidated financial statements as to the Company and its
Subsidiaries, and forecasts of balance sheets, income statements and cash flow statements on a
quarterly basis for the first year following the Amendment No. 1 Effective Date and on an annual
basis for each year thereafter until the Maturity Date.

     (f) The representations and warranties of the Company contained in Section 14 of this
Amendment and the representations and warranties of the Company and each other Borrower contained
in Article 5 of the Credit Agreement and in the other Loan Documents shall be true and correct in
all material respects on and as of the Amendment No. 1 Effective Date, except to the extent that
such representations and warranties specifically refer to an earlier date, in which case they shall
be true and correct in all material respects as of such earlier date; provided that the
only representations involving eFunds and its Subsidiaries, the making of which shall be a
condition to the effectiveness of this Amendment, shall be (A) the representations and warranties
made by or with respect to eFunds or its Subsidiaries in the eFunds Merger Agreement as are
material to the interests of Lenders, but only to the extent that the Company has the right to
terminate its obligations under the eFunds Merger Agreement as a result of a breach of such
representations and warranties in the eFunds Merger Agreement and (B) the representations and
warranties set forth in Sections 5.02 (other than clause (c)(ii) thereof), 5.04, 5.12 and 5.15 of
the Credit Agreement (as amended by this Amendment).

26

 

     (g) Subject to clause (f) above, no Default shall exist with respect to the Company and its
Subsidiaries at the time of, or after giving effect to, the eFunds Transactions and this Amendment.

     Section 16. Governing Law. This Amendment shall be governed by and construed in accordance
with the laws of the State of New York. This Amendment may be signed in any number of
counterparts, each of which shall be an original, with the same effect as if the signatures thereto
and hereto were upon the same instrument.

[The remainder of this page is intentionally blank.]

27

 

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

	 	 	 	 	 
	 	FIDELITY NATIONAL INFORMATION SERVICES, INC. 

 	 
	 	By:  	/s/ Jennifer F. Alvarado 
 	 
	 	 	Name:  	Jennifer F. Alvarado                             	 
	 	 	Title:  	Vice President and Assistant Treasurer 	 
	 

	 	 	 	 	 
	 	JPMORGAN CHASE BANK, N.A., 

as Administrative Agent and Lender 

 	 
	 	By:  	/s/ Robert Anastasio
 	 
	 	 	Name:  	Robert Anastasio                            	 
	 	 	Title:  	Vice President 	 
	 

	 	 	 	 	 
	 	Name of Lender:

 	 
	 	By:  	   
 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

 

 

ANNEX A

Definition of “Material Adverse Effect” in eFunds Merger Agreement

     "Material Adverse Effect” means any material adverse change in or effect on the business,
financial condition, assets, liabilities or results of operations of the eFunds and its
Subsidiaries taken as a whole, other than any change or effect arising out of or resulting from (a)
a decrease in the market price of shares of eFunds Common Stock (provided that any underlying cause
of such decline may be considered in determining whether there may be a Material Adverse Effect),
(b) general political, economic or business conditions globally or in the United States or any
country or region in which eFunds does business or any changes therein, (c) general financial,
credit or capital market conditions, including interest rates or exchange rates, or any changes
therein, (d) changes in general legal, tax or regulatory conditions in the United States or any
other countries or regions in which eFunds does business, (e) changes in U.S. GAAP or authoritative
interpretations thereof, and changes in applicable law and related rules or regulations, (f) acts
of war (whether or not declared), the commencement, continuation or escalation of a war, acts of
armed hostility, sabotage or terrorism or other international or national calamity or any material
worsening of such conditions threatened or existing as of the date of this Agreement, (g) any
change or effect generally affecting the industries or business segments in which eFunds operates,
(h) any hurricane, earthquake, flood, or other natural disasters or acts of God, (i) the
announcement of the eFunds Merger Agreement, including the impact thereof on relationships,
contractual or otherwise, with customers, suppliers, vendors, lenders, investors, joint venture
partners or employees (but not any litigation resulting from such announcement), (j) any action by
the Company or any of its Affiliates prior to the date of the eFunds Merger Agreement or (k) any
action or omission by eFunds at the request or direction of the Company, provided that any
change or effect arising out of or resulting from the matters described in items (b) through (h) of
this definition shall not be excluded to the extent that such change or effect disproportionately
affects eFunds as compared to the majority of persons engaged in the industries in which eFunds
operates.

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