SEC Contract Filing

Filing Date: 2015-12-04

Document Content:
<DOCUMENT>
<TYPE>EX-10.3
<SEQUENCE>4
<FILENAME>a103assignmentagreement.htm
<DESCRIPTION>ASSIGNMENT AGREEMENT
<TEXT>
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<a name="s797aa82a9bc842cf8cc9f8b807e818ec"></a><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><br><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-bottom:16px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Assignment and Assumption Agreement</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">This Assignment and Assumption Agreement (this &#8220;</font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Agreement</font><font style="font-family:inherit;font-size:12pt;">&#8221;) dated November 30, 2015, but effective as of November 16, 2015, is by and among Calpian, Inc., a Texas corporation (&#8220;</font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Parent</font><font style="font-family:inherit;font-size:12pt;">&#8221;), Calpian Residual Acquisition, LLC, a Nevada limited liability company (&#8220;</font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">CRA</font><font style="font-family:inherit;font-size:12pt;">&#8221;) and Calpian Commerce, Inc., a Texas corporation and wholly-owned subsidiary of Parent (&#8220;</font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">CCI</font><font style="font-family:inherit;font-size:12pt;">,&#8221; and together with Parent, CRA and CCI, the &#8220;</font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Sellers</font><font style="font-family:inherit;font-size:12pt;">&#8221; and each a &#8220;</font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Seller</font><font style="font-family:inherit;font-size:12pt;">&#8221;), and eVance Processing Inc., a Delaware corporation (&#8220;</font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Buyer</font><font style="font-family:inherit;font-size:12pt;">&#8221;).</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">WHEREAS, this Agreement is being executed and delivered in connection with that certain Asset Purchase Agreement, dated November 30, 2015, but effective as of November 1, 2015, by and among the Sellers and Buyer (the &#8220;</font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Purchase Agreement</font><font style="font-family:inherit;font-size:12pt;">&#8221;); and</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">WHEREAS, pursuant to the Purchase Agreement, the Sellers have agreed to, among other things, to sell, assign, convey and deliver all of its right, title and interest in, to and under the Acquired Assets and Buyer has agreed to assume, perform, pay and discharge the Assumed Liabilities;</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">NOW, THEREFORE, in consideration of the mutual covenants, terms and conditions set forth herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows:</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">1.</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Definitions</font><font style="font-family:inherit;font-size:12pt;">. All capitalized terms used in this Agreement, but not otherwise defined herein, are given the meanings set forth in the Purchase Agreement.</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">2.</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Assignment and Assumption</font><font style="font-family:inherit;font-size:12pt;">. Each Seller hereby sells, assigns, grants, conveys and transfers to Buyer, and Buyer hereby purchases and assumes, each Seller&#8217;s right, title and interest in and to the Acquired Assets, including the ISO Agreements and the other Assumed Contracts, and the Residuals. Buyer hereby accepts such assignment and assumes each Seller&#8217;s duties and obligations under the Assumed Liabilities, including the Notes, and agrees to pay, perform and discharge, as and when due, all of the obligations of each Seller under the Assumed Liabilities.</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">3.</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Terms of the Purchase Agreement</font><font style="font-family:inherit;font-size:12pt;">. The terms of the Purchase Agreement, including, but not limited to, the representations, warranties, covenants, agreements and indemnities relating to the Acquired Assets and A