EX-10.2 3 c51068exv10w2.htm EX-10.2 exv10w2
Exhibit 10.2
AMENDMENT NO. 2
     THIS AMENDMENT NO. 2, dated as of February 18, 2009 (this “Amendment”), of that certain Credit Agreement referenced below is by and among Euronet Worldwide, Inc., a Delaware corporation (“EWI”), certain Subsidiaries and Affiliates of EWI identified herein, as Borrowers and Guarantors, the undersigned Lenders, Bank of America, N.A., as Administrative Agent for Domestic Loan Obligations and F/X Obligations and, acting through its Mumbai Branch, as Administrative Agent for all India Obligations, and Bank of America, as Collateral Agent. Capitalized terms used but not otherwise defined herein shall have the meanings provided in the Credit Agreement.
W I T N E S S E T H
     WHEREAS, multicurrency revolving and institutional term loan facilities have been established in favor of the Borrowers pursuant to the terms of that certain Credit Agreement, dated as of April 4, 2007 (as amended, restated, extended, supplemented or otherwise modified from time to time, the “Credit Agreement”), among the Borrowers named therein, the Guarantors named therein, the Lenders identified therein, Bank of America, N.A., as Administrative Agent for Domestic Loan Obligations and F/X Obligations and, acting through its Mumbai Branch, as Administrative Agent for all India Obligations, and Bank of America, as Collateral Agent;
     WHEREAS, EWI has requested certain modifications to the Credit Agreement;
     WHEREAS, the Lenders have agreed to the requested modifications on the terms and conditions set forth herein;
     NOW, THEREFORE, in consideration of these premises and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties agree as follows:
     1. Acknowledgment. Section 2.06(b)(vi) of the Credit Agreement provides for certain mandatory prepayments and termination of Commitments unless certain conditions are satisfied with respect to the Convertible Debentures, including demonstration by EWI of sufficient liquidity and pro forma compliance with the financial covenants. Acknowledgment is hereby given that EWI has satisfied the conditions in subclause (B) of Section 2.06(b)(vi) such that no mandatory prepayment is required in respect of the next Repurchase Date for the Convertible Debentures.
     2. Amendments to the Credit Agreement. The Credit Agreement is amended as follows:
     2.1 Section 1.01 (Definitions) is amended in the following respects:
     (a) The definition of “Consolidated EBITDA” is amended to read as follows:
     “Consolidated EBITDA” means, for any period for the Consolidated Group, without duplication, the sum of (i) operating income, plus (ii) depreciation, plus (iii) amortization, plus (iv) interest income from the operations of the Prepaid Processing Segment, plus (v) certain one-time non-cash charges with the consent of the Administrative Agent and the Required Lenders, plus (vi) non-cash expenses recognized pursuant to FASB Statement No. 123(R) (Share-Based Payments) plus (vii) net income from joint ventures and other minority interests owned by members of the Consolidated Group when and as earned and received plus (viii) to the extent deducted in the calculation of operating income, charges resulting from the proposed acquisition of MoneyGram International, Inc. in an aggregate amount not to exceed $4 million plus (ix)

 


 

to the extent deducted in the calculation of operating income, one-time non-cash charges for impairment of goodwill or other intangible assets taken during the period ending December 31, 2008 and thereafter; provided that (A) appropriate adjustments will be made in subsequent periods where cash payments are subsequently made in respect of non-cash charges previously excluded under clauses (v) and (vi) and (B) such calculations to exclude the effect of extraordinary gains and losses and tax effects relating thereto Except as otherwise expressly provided, the applicable period shall be the four consecutive fiscal quarters ending as of the date of determination.
     (b) The “except” clause in the definition of “Debt Transactions” is amended to read as follows:
     , except for Funded Debt permitted to be incurred pursuant to clauses (a) through (o) of Section 8.03.
     (c) Clause (f) of the definition of “Equity Transactions” is amended to read as follows:
     (f) of Capital Stock the proceeds of which are used to make payments permitted on the Convertible Debentures in accordance with Section 8.10(b)(iii), Section 8.10(b)(iv) or the “Notwithstanding” sentence at the end of Section 8.10.
     (d) The definition of “Permitted Disposition” is amended by deleting the “and” at the end of clause (b), relabeling clause (c) as clause (d), and adding a new clause (c) to read as follows:
     (c) the contribution of all or any portion of the assets of, or the equity interests in, certain subsidiaries organized and operating in Spain (including Euronet Movilcarga S.L. and Euronet Telerecarga, S.L.) into a non-wholly owned joint venture otherwise permitted hereunder; and
     2.2 In Section 2.06(b)(ii)(B) (Prepayments), the reference to “clause (b)” in the first parenthetical is amended to be a reference to “clause (b) or (c)”.
     2.3 In Section 7.11 (Use of Proceeds), the proviso is amended to read as follows:
provided that, notwithstanding anything contained herein to the contrary, Credit Extensions may not be used for the repurchase or redemption of the Convertible Debentures (it being understood that Credit Extensions shall not be deemed to have been so used solely because Credit Extensions are outstanding at the time of such repurchases or redemptions).
     2.4 Section 8.01 (Liens) is amended in the following respects:
     (a) Subclause (m) is amended to read as follows:
     (m) rights or Liens granted to (1) vendors or suppliers of products, content or services distributed or provided through processing networks of the Consolidated Group (including, without limitation, those that supply PIN’s, on-line mobile or long distance phone time (including, without limitation, telephone operators and other vendors or suppliers, including Transport for London; distributors of prepaid music, television and

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other services; and issuers of gift cards and other stored value cards)) in the products or content supplied (including, without limitation, PIN inventory, PIN accounts receivable (including the rights and Liens of mobile operators in the Mobile Network Trust Arrangement) and any restricted cash accounts associated with the purchase or sale of those products or content or (2) correspondent payout agents to facilitate money transfers;
     (b) Subclause (o) is amended to read as follows:
     (o) cash collateral in an aggregate amount of up to 35 million to secure letters of credit or bank guarantees permitted by Section 8.03(l);
     2.5 Section 8.02 (Investments) is amended in the following respects:
     (a) Clause (i) is amended in the following respects:
     (1) In subclause (i), the references to “$25 million” are amended to read “$50 million”; and
     (2) Subclause (iii) is amended to read “Foreign Subsidiaries that are organized and operating under the laws of the Peoples Republic of China, whether or not wholly-owned and whether or not a Guarantor, in an aggregate principal amount not to exceed an amount equal to the remainder of $50 million minus the aggregate amount of Indebtedness outstanding under Sections 8.03(e)(iii)(A) and 8.03(o)(iv)”.
     (b) Clause (j) is amended to change the section reference at the end of the section from “Section 8.03(m)” to “Section 8.03(n)”.
     (c) The existing subclause (m) is relabeled as subclause (n) and a new subclause (m) is added as follows:
     (m) the contribution of all or any portion of the assets of, or the equity interests in, certain subsidiaries organized and operating in Spain (including Euronet Movilcarga, S.L. and Euronet Telerecarga, S.L.) into a non-wholly owned joint venture otherwise permitted hereunder; and
     2.6 Section 8.03 (Indebtedness) is amended in the following respects:
     (a) Subclause (iv) of clause (c) is amended to read as follows:
     (iv) the covenants, terms and provisions of the indenture, note purchase agreement, credit agreement or other governing instrument will not be less favorable to EWI and the Consolidated Group, in any material respect, than the indenture governing the Convertible Subordinated Debentures; provided that the conversion rate may be less favorable to EWI and the Consolidated Group;
     (b) Subclause (iii) of the proviso of clause (e) is amended to read as follows:
     (iii) the aggregate principal amount of all such Indebtedness shall not exceed (A) in the case of members of the Consolidated Group organized and operating in the Peoples Republic of China, an amount, at any time, equal to the remainder of $50 million minus the aggregate amount of Investments under Section 8.02(i)(iii) and the aggregate amount

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of Indebtedness outstanding under Section 8.03(o)(iv), and (B) in the case of members of the Consolidated Group other than members that are organized and operating in the Peoples Republic of China, $40 million at any time;
     (c) Clause (l) is amended to read as follows:
     (l) Indebtedness of up to 35 million under letters of credit or bank guaranties (net of cash collateral provided therefor) required by (1) vendors or suppliers of products, content or services distributed or provided through processing networks of the Consolidated Group (including, without limitation, those that supply PIN’s, on-line mobile or long distance phone time (including, without limitation, telephone operators and other vendors or suppliers, including Transport for London; distributors of prepaid music, television and other services; and issuers of gift cards and other stored value cards)) in the products or content supplied (including, without limitation, PIN inventory, PIN accounts receivable (including the rights and Liens of mobile operators in the Mobile Network Trust Arrangement) and any restricted cash accounts associated with the purchase or sale of those products or content or (2) correspondent payout agents to facilitate money transfers;
     (d) Clause (o) is amended to read as follows:
     (o) other Funded Debt not contemplated in the foregoing clauses of this Section in an aggregate principal amount not to exceed (i) $10 million, in the case of EWI, (ii) $5 million, in the case of any member of the Consolidated Group other than EWI and members of the Consolidated Group that are organized and operating in the Peoples Republic of China, (iii) $30 million in the aggregate for all members of the Consolidated Group other than EWI and members of the Consolidated Group that are organized and operating in the Peoples Republic of China, and (iv) an amount, at any time, equal to the remainder of $50 million minus the aggregate amount of Investments under Section 8.02(i)(iii) and the aggregate amount of Indebtedness outstanding under Section 8.02(e)(iii)(A), in the aggregate for all members of the Consolidated Group that are organized and operating in the Peoples Republic of China; and
     2.7 Clause (g) of Section 8.06 (Restricted Payments) is amended to read:
     (g) EWI may redeem, retire, repurchase or acquire for value and otherwise make payments with respect to the Convertible Debentures pursuant to the terms and conditions set forth in Section 8.10.
     2.8 Section 8.10 (Covenants Regarding Convertible Debentures and Other Subordinated Debt) is amended in the following respects:
     (a) Clause (b) is amended as follows:
     (1) in subclause (iii) all references to the “Convertible Debentures” are amended to read “Convertible Subordinated Debentures”;
     (2) the “and” at the end of subclause (ii) is deleted and an “and” is inserted at the end of subclause (iii); and

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     (3) a new clause (iv) is added providing “the redemption, retirement, repurchase, or acquisition for value of the Convertible Subordinated Debentures, at any time and from time to time, (A) in connection with a refinancing, refunding, renewal or extension of the Convertible Subordinated Debentures otherwise permitted under Section 8.03(c), (B) in exchange for Capital Stock of EWI issued directly to the holders of the Convertible Subordinated Debentures or (C) with the proceeds of an Equity Transaction permitted for such purpose hereunder.”
     (b) The “Notwithstanding” sentence at the end of Section 8.10 is amended to read as follows:
     “Notwithstanding the foregoing, EWI shall be permitted to redeem, repurchase, retire or acquire, at any time and from time to time, Convertible Senior Debentures (whether for cash and/or in exchange for Capital Stock of EWI) so long as no Default or Event of Default shall exist immediately before or immediately after giving effect to such redemption, repurchase, retirement or acquisition.”
     2.9 Section 8.13(a) (Consolidated Net Worth) is amended to read as follows:
     (a) Consolidated Net Worth. At any time, permit Consolidated Net Worth to be less than the sum of (i) 75% of Consolidated Net Worth (as established by the financial statements delivered pursuant to Section 7.01(b) for the fiscal quarter ending March 31, 2007) after giving effect to the RIA Acquisition on a Pro Forma Basis plus (ii) an amount equal to 50% of cumulative Consolidated Net Income (but not less than zero) from the end of the first fiscal quarter to occur after the Closing Date, plus (iii) an amount equal to 75% of net cash proceeds from Equity Transactions occurring after the Closing Date, minus (iv) one-time non-cash charges for impairment of goodwill or other intangible assets taken during the period ending December 31, 2008 and thereafter to the extent not included in the foregoing clause (ii) hereof.
     2.10 The Domestic Security Agreement is amended such that (a) each reference in Section 5(k) and (l) thereof to a Patent, Trademark or Copyright is amended by inserting the word “material” immediately prior to such reference and (b) the portion of Schedule 1(b) (Intellectual Property) thereto relating to Patents is amended to read as attached hereto. Certain information on the version of that schedule delivered at closing was incomplete or inaccurate. The corrected schedule is provided with the intent to address and correct such items. Further, by execution of this Amendment, the Lenders waive any Default or Event of Default that exists, or may have existed, on account of the foregoing but that would not have existed had the amendments provided for by this Section 2.10 been in effect at the relevant time.
     3. EWI’s Objection to FASB 141(R). As permitted by Section 1.03(c) of the Credit Agreement, EWI hereby objects to determining compliance with any financial ratio or requirement set forth in any Credit Documents under the computations required by FASB Statement No. 141(R) (Business Combinations) and the Lenders hereby acknowledge that such computations shall continue to be made on a basis consistent with the most recent financial statements delivered by EWI under Section 7.01(b).
     4. Conditions Precedent. This Amendment shall be effective (such date on which this Amendment becomes effective, the “Amendment No. 2 Effectiveness Date”) immediately upon satisfaction of the following conditions:

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     (a) Executed Amendment. Receipt by the Administrative Agent of multiple counterparts of this Amendment duly executed by the Credit Parties, the Required Lenders and the Administrative Agent.
     (b) Legal Opinions. Receipt by the Administrative Agent of favorable legal opinions of counsel for EWI and the other Domestic Credit Parties, in form and substance reasonably satisfactory to the Administrative Agent and the requisite Lenders.
     (c) Organization Documents, Incumbency, Resolutions, Etc. Receipt by the Administrative Agent of the following, each of which shall be originals or facsimiles (followed promptly by originals), in form and substance satisfactory to the Administrative Agent:
     (i) copies of the Organization Documents of each Domestic Credit Party certified to be true and complete as of a recent date by the appropriate Governmental Authority of the state or other jurisdiction of its incorporation or organization, where applicable, and certified by a secretary or assistant secretary of such Domestic Credit Party to be true and correct as of the date of this Amendment, unless a Responsible Officer of EWI certifies in a certificate that the Organization Documents previously delivered to the Administrative Agent in connection with the Credit Agreement have not been amended, supplemented or otherwise modified and remain in full force and effect as of the date hereof;
     (ii) incumbency certificates identifying the Responsible Officers of the Domestic Credit Parties who are authorized to execute this Amendment and related documents and to act on the Domestic Credit Parties behalf in connection with this Amendment and the Credit Documents, unless a Responsible Officer of EWI certifies in a certificate that the incumbency certificates previously delivered to the Administrative Agent in connection with the Credit Agreement have not been amended, supplemented or otherwise modified and remain in full force and effect as of the date hereof.
     (iii) such certificates of resolutions or other action, incumbency certificates and/or other certificates of Responsible Officers of each Domestic Credit Party as the Administrative Agent may require evidencing the identity, authority and capacity of each Responsible Officer thereof authorized to act as a Responsible Officer in connection with this Amendment; and
     (iv) such documents and certifications as the Administrative Agent may reasonably require to evidence that each Domestic Credit Party is duly organized or formed, and is validly existing, and in good standing in its state of organization or formation.
     (d) Receipt by the Administrative Agent of (i) a fee, for the benefit of the Lenders consenting to this Amendment, in an amount equal to one half of one percent (0.50%) of the aggregate amount of such consenting Lenders’ loans and commitments under the Credit Agreement and (ii) all other fees and expenses required to be paid on or before the Amendment No. 2 Effectiveness Date.
     5. Effectiveness of Amendment. On and after the date hereof, all references to the Credit Agreement in each of the Credit Documents shall hereafter mean the Credit Agreement as amended by this Amendment. For purposes of clarification, all financial covenant calculations with respect to periods prior to the Amendment No. 2 Effectiveness Date will be made using the financial definitions and

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covenants as amended by this Amendment. Except as specifically amended hereby or otherwise agreed, the Credit Agreement is hereby ratified and confirmed and shall remain in full force and effect according to its terms.
     6. Representations and Warranties; Defaults. The Credit Parties hereby affirm each of the following:
     (a) all necessary action to authorize the execution, delivery and performance of this Amendment has been taken;
     (b) after giving effect to this Amendment, the representations and warranties set forth in the Credit Agreement and the other Credit Documents are true and correct in all material respects as of the date hereof (except to the extent that such representations and warranties specifically refer to an earlier date, in which case they shall be true and correct as of such earlier date, and except that for purposes of this Section 6, the representations and warranties contained in subsections (a) and (b) of Section 6.05 of the Credit Agreement shall be deemed to refer to the most recent statements furnished pursuant to clauses (a) and (b), respectively, of Section 7.01 of the Credit Agreement).
     (c) except as waived in Section 2.10 of this Amendment, before and after giving effect to this Amendment, no Default or Event of Default shall exist; and
     (d) except as expressly provided otherwise herein, the liens and security interests created and granted in the Credit Documents remain in full force and effect and this Amendment is not intended to adversely affect or impair such liens and security interests in any manner.
     7. Full Force and Effect. Except as modified hereby, all of the terms and provisions of the Credit Agreement and the other Credit Documents (including schedules and exhibits thereto) shall remain in full force and effect.
     8. Reaffirmation of Security Interests. The Credit Parties (a) affirm that each of the liens granted in or pursuant to the Credit Documents are valid and subsisting and (b) agree that this Amendment shall in no manner impair or otherwise adversely effect any of the liens granted in or pursuant to the Credit Documents.
     9. Counterparts. This Amendment may be executed in any number of counterparts, each of which when so executed and delivered shall be deemed an original, and it shall not be necessary in making proof of this Amendment to produce or account for more than one such counterpart. Delivery by any party hereto of an executed counterpart of this Amendment by facsimile shall be effective as such party’s original executed counterpart and shall constitute a representation that such party’s original executed counterpart will be delivered.
     10. Fees and Expenses. The Credit Parties agree to pay all reasonable costs and expenses of the Administrative Agent in connection with the preparation, execution and delivery of this Amendment, including the reasonable fees and expenses of Moore & Van Allen, PLLC.
     11. Governing Law. This Amendment shall be governed by, and construed in accordance with, the law of the State of New York.
[SIGNATURES ON FOLLOWING PAGES]

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     IN WITNESS WHEREOF, each of the parties hereto has caused a counterpart of this Amendment to be duly executed and delivered as of the date first above written.
             
DOMESTIC BORROWERS:   EURONET WORLDWIDE, INC.
 
           
 
  By:   /s/ Rick Weller    
 
           
    Name: Rick L. Weller
    Title: EVP & CFO
 
           
    EURONET PAYMENTS & REMITTANCE, INC.
 
           
 
  By:   /s/ Eric Mettemeyer    
 
           
    Name: Eric Mettemeyer
    Title: Treasurer
 
           
    RIA ENVIA, INC.
 
           
 
  By:   /s/ Juan Bianchi    
 
           
    Name: Juan C. Bianchi
    Title: President & CEO
 
           
    CONTINENTAL EXCHANGE SOLUTIONS, INC.
 
           
 
  By:   /s/ Juan Bianchi    
 
           
    Name: Juan C. Bianchi
    Title: President & CEO
 
           
DOMESTIC GUARANTORS:   EURONET WORLDWIDE, INC.
 
           
 
  By:   /s/ Rick Weller    
 
           
    Name: Rick L. Weller
    Title: EVP & CFO
 
           
    EURONET PAYMENTS & REMITTANCE, INC.
 
           
 
  By:   /s/ Eric Mettemeyer    
 
           
    Name: Eric Mettemeyer
    Title: Treasurer
EURONET WORLDWIDE, INC.
AMENDMENT NO. 2

 


 

             
    EURONET USA, INC.
 
           
 
  By:   /s/ Jeff Newman    
 
           
    Name: Jeff Newman
    Title: Vice President & Secretary
 
           
    PAYSPOT, INC.
 
           
 
  By:   /s/ Eric Mettemeyer    
 
           
    Name: Eric Mettemeyer
    Title: President
 
           
    RIA ENVIA, INC.
 
           
 
  By:   /s/ Juan Bianchi    
 
           
    Name: Juan C. Bianchi
    Title: President & CEO
 
           
    CONTINENTAL EXCHANGE SOLUTIONS, INC.
 
           
 
  By:   /s/ Juan Bianchi    
 
           
    Name: Juan C. Bianchi
    Title: President & CEO
 
           
    RIA TELECOMMUNICATIONS OF NEW YORK, INC.
 
           
 
  By:   /s/ Juan Bianchi    
 
           
    Name: Juan C. Bianchi
    Title: President & CEO
 
           
F/X BORROWERS:   EFT SERVICES HOLDINGS BV
 
           
 
  By:   /s/ Jeff Newman    
 
           
    Name: Jeff Newman
    Title: EVP, Euronet Worldwide, Inc., Managing Director
 
           
    DELTA EURONET GmbH
 
           
 
  By:   /s/ Roger Heinz    
 
           
    Name: Roger Heinz
    Title: SVP, Managing Director EEFT
EURONET WORLDWIDE, INC.
AMENDMENT NO. 2

 


 

             
    E-PAY HOLDINGS LTD
 
           
 
  By:   /s/ Jeff Newman    
 
           
    Name: Jeff Newman
    Title: Director
 
           
F/X GUARANTORS:   EFT SERVICES HOLDINGS BV
 
           
 
  By:   /s/ Jeff Newman    
 
           
    Name: Jeff Newman
    Title: EVP Euronet Worldwide, Inc., Managing Director
 
           
    DELTA EURONET GmbH
 
           
 
  By:   /s/ Roger Heinz    
 
           
    Name: Roger Heinz
    Title: SVP, Managing Director EEFT
 
           
    E-PAY HOLDINGS LTD
 
           
 
  By:   /s/ Jeff Newman    
 
           
    Name: Jeff Newman
    Title: EVP Euronet Worldwide, Inc., Managing Director
 
           
    RIA FINANCIAL SERVICES AUSTRALIA PTY LTD
 
           
 
  By:   /s/ Juan Bianchi    
 
           
    Name: Juan C. Bianchi
    Title: Director
 
           
    E-PAY AUSTRALIA PTY LIMITED
 
           
 
  By:   /s/ Gareth Gumbley    
 
           
    Name: Gareth Gumbley
    Title: Director, SVP
EURONET WORLDWIDE, INC.
AMENDMENT NO. 2

 


 

             
    E-PAY AUSTRALIA HOLDINGS PTY LTD
 
           
 
  By:   /s/ Gareth Gumbley    
 
           
    Name: Gareth Gumbley
    Title: Director, SVP
 
           
    EURONET SERVICES GmbH
 
           
 
  By:   /s/ Roger Heinz    
 
           
    Name: Roger Heinz
    Title: SVP, Managing Director EEFT
 
           
    RIA ENVIA FINANCIAL SERVICES GmbH
 
           
 
  By:   /s/ Wolf-Dieter Weschke    
 
           
    Name: Wolf-Dieter Weschke
    Title: Managing Director
 
           
    TRANSACT ELEKTRONISCHE
ZAHLUNGSSYSTEME GmbH
 
           
 
  By:   /s/ Marc Ehler    
 
           
    Name: Marc Ehler
    Title: Managing Director
 
           
    EURONET BANKTECHNIKAI SZOLGÁLTATÓ
KORLÁTOLT
FELELÕSSÉGÛ TÁRSASÁG
 
           
 
  By:   /s/ Erika Schalkhammer    
 
           
    Name: Erika Schalkhammer
    Title: Managing Director/Country Manager
 
           
    EURONET ADMINISZTRÁCIÓS SZOLGÁLTATÓ
KORLÁTOLT
FELELÕSSÉGÛ TÁRSASÁG
 
           
 
  By:   /s/ Va’Rady-Szabo Bence    
 
           
    Name: Bence Va’Rady-Szabo
    Title: Managing Director, EEFT Finance Director
EURONET WORLDWIDE, INC.
AMENDMENT NO. 2

 


 

             
    EURONET PAY & TRANSACTION SERVICES S.R.L.
 
           
 
  By:   /s/ Giuseppe Di Marco    
 
           
    Name: Giuseppe Di Marco
    Title: Managing Director
 
           
    E-PAY NEW ZEALAND LIMITED
 
           
 
  By:   /s/ Gareth Gumbley    
 
           
    Name: Gareth Gumbley
    Title: Director, SVP
 
           
    EURONET TELERECARGA, S.L. SOCIEDAD UNIPERSONAL
 
           
 
  By:   /s/ Jesus Sanchez Rios    
 
           
    Name: Jesus Sanchez Rios
    Title: Sole Administrator
 
           
    E-PAY LIMITED
 
           
 
  By:   /s/ A. JT Westlake    
 
           
    Name: Anthony JT Westlake
    Title: Director
 
           
    RIA FINANCIAL SERVICES LIMITED
 
           
 
  By:   /s/ Marcela Gonzalez    
 
           
    Name: Marcela Gonzalez
    Title: Director
 
           
    OMEGA LOGIC LIMITED
 
           
 
  By:   /s/ Jeff Newman    
 
           
    Name: Jeff Newman
    Title: Director
EURONET WORLDWIDE, INC.
AMENDMENT NO. 2

 


 

             
    EURONET ESSENTIS LIMITED
 
           
 
  By:   /s/ Antony Brown    
 
           
    Name: Antony Brown
    Title: Director
 
           
    ENVIA TELECOMUNICACIONES, S.A.
 
           
 
  By:   /s/ Sebastian Plubins    
 
           
    Name: Sebastian Plubins
    Title: General Director
 
           
    EURONET BUSINESS HOLDINGS S.L.
 
           
 
  By:   /s/ Jesus Sanchez Rios    
 
           
    Name: Jesus Sanchez Rios
    Title: Sole Administrator
 
           
    RIA SPAIN HOLDINGS, S.L.
 
           
 
  By:   /s/ Sebastian Plubins    
 
           
    Name: Sebastian Plubins
    Title: General Director
 
           
    BANKOMAT 24/EURONET SP.Z.O.O.
 
           
 
  By:   /s/ Marek Szafirski    
 
           
    Name: Marek Szafirski
    Title: President
 
           
INDIA BORROWER:   EURONET SERVICES INDIA PVT LTD.
 
           
 
  By:   /s/ Jeff Newman    
 
           
    Name: Jeff Newman
    Title: Director
EURONET WORLDWIDE, INC.
AMENDMENT NO. 2

 


 

             
ADMINISTRATIVE AGENT
           
(FOR DOMESTIC LOAN
           
OBLIGATIONS AND
           
F/X OBLIGATIONS):   BANK OF AMERICA, N.A.,
    as Administrative Agent
 
           
 
  By:   /s/ Michael Brashler    
 
           
    Name: Michael Brashler
    Title: Vice President
EURONET WORLDWIDE, INC.
AMENDMENT NO. 2

 


 

             
ADMINISTRATIVE AGENT
           
(FOR INDIA OBLIGATIONS):   BANK OF AMERICA, N.A., acting through its Mumbai Branch, as Administrative Agent for all India related credit facilities
 
           
 
  By:   /s/ Uday Nair    
 
           
    Name: Uday Nair
    Title: VP, Corporate Debt Products
 
LENDERS:   BANK OF AMERICA, N.A.,
    as Domestic L/C Issuer, F/X L/C Issuer, Domestic Swingline Lender and as a Lender
 
           
 
  By:   /s/ Jeffrey P. Yoakum    
 
           
    Name: Jeffrey P. Yoakum
    Title: Vice President
EURONET WORLDWIDE, INC.
AMENDMENT NO. 2

 


 

             
    BANK OF AMERICA, N.A., acting through its Mumbai Branch, as India Revolving Lender and India L/C Issuer
 
           
 
  By:   /s/ Uday Nair    
 
           
    Name: Uday Nair
    Title: VP, Corporate Debt Products
EURONET WORLDWIDE, INC.
AMENDMENT NO. 2

 


 

             
    BANK OF KANSAS CITY, N.A.
 
           
 
  By:   /s/ Matthew J. Mason    
 
           
    Name: Matthew J. Mason
    Title: Vice President
EURONET WORLDWIDE, INC.
AMENDMENT NO. 2

 


 

             
    CALIFORNIA BANK & TRUST, A CALIFORNIA BANKING CORPORATION
 
           
 
  By:   /s/ Ursula St. Geme    
 
           
    Name: Ursula St. Geme
    Title: Vice President
EURONET WORLDWIDE, INC.
AMENDMENT NO. 2

 


 

             
    CITIBANK, N.A.
 
           
 
  By:   /s/ Scott Miller    
 
           
    Name: Scott Miller
    Title: Vice President
EURONET WORLDWIDE, INC.
AMENDMENT NO. 2

 


 

             
    HARRINGTON BANK, A DIVISION OF LOS PADRES BANK
 
           
 
  By:   /s/ Gregory L. Sweeney    
 
           
    Name: Gregory L. Sweeney
    Title: Sr. Vice President
EURONET WORLDWIDE, INC.
AMENDMENT NO. 2

 


 

             
    KEYBANK NATIONAL ASSOCIATION
 
           
 
  By:   /s/ David A. Wild    
 
           
    Name: David A. Wild
    Title: Vice President
EURONET WORLDWIDE, INC.
AMENDMENT NO. 2

 


 

             
    LLOYDS TSB BANK PLC
 
           
 
  By:   /s/ Windsor R. Davies    
 
           
    Name: Windsor R. Davies
    Title: Managing Director
 
           
 
  By:   /s/ Carlos E. Lopez    
 
           
    Name: Carlos E. Lopez
    Title: Associate Director
EURONET WORLDWIDE, INC.
AMENDMENT NO. 2

 


 

             
    NATIONAL CITY BANK
 
           
 
  By:   /s/ Michael Leong    
 
           
    Name: Michel Leong
    Title: Vice President
EURONET WORLDWIDE, INC.
AMENDMENT NO. 2

 


 

             
    U.S. BANK NATIONAL ASSOCIATION
 
           
 
  By:   /s/ Kari E. Niermann    
 
           
    Name: Kari E. Niermann
    Title: Assistant Vice President
EURONET WORLDWIDE, INC.
AMENDMENT NO. 2

 


 

             
    GENERAL ELECTRIC CAPITAL CORPORATION
 
           
 
  By:   /s/ Jeffrey Skinner    
 
           
    Name: Jeffrey Skinner
    Title: Duly Authorized Signatory
EURONET WORLDWIDE, INC.
AMENDMENT NO. 2

 


 

             
    STATE BANK OF INDIA
 
           
 
  By:   /s/ Prabodh Parikh    
 
           
    Name: Prabodh Parikh
    Title: Vice President & Head (Credit)
EURONET WORLDWIDE, INC.
AMENDMENT NO. 2

 


 

             
    ABCLO 2007-1, LTD.
 
           
 
  By:   /s/ Alliance Bernstein L.P., as manager    
 
           
    Name: Michael E. Sohr
    Title: Senior Vie President
EURONET WORLDWIDE, INC.
AMENDMENT NO. 2

 


 

             
    AIB DEBT MANAGEMENT LIMITED
 
           
 
  By:   /s/ Joseph Augustini    
 
           
    Name: Joseph Augustini
    Title: Senior Vice President
Investment Advisor to
AIB Debt Management, Limited
 
           
 
  By:   /s/ Shane O’Driscoll    
 
           
    Name: Shane O’Driscoll
    Title: Assistant Vice President
Investment Advisor to
AIB Debt Management, Limited
EURONET WORLDWIDE, INC.
AMENDMENT NO. 2

 


 

             
    AMMC VIII, LIMITED
 
           
    By: American Money Management Corp., As Collateral Manager
 
           
 
  By:   /s/ Chester M. Eng    
 
           
    Name: Chester M. Eng
    Title: Senior Vice President
EURONET WORLDWIDE, INC.
AMENDMENT NO. 2

 


 

             
    ATLANTIS FUNDING LTD.
 
           
    By: INVESCO Senior Secured Management, Inc.
As Collateral Manager
 
           
 
  By:   /s/ Angela Gambardella    
 
           
    Name: Angela Gambardella
    Title: Authorized Signatory
EURONET WORLDWIDE, INC.
AMENDMENT NO. 2

 


 

             
    ARTUS LOAN FUND 2007-1, LTD.
BABSON CLO LTD. 2008-II
    By: Babson Capital Management LLC as Collateral
Manager
 
           
 
  By:   /s/ Arthur McMahon    
 
           
    Name: Arthur McMahon
    Title: Director
 
           
    VINASCA CLO, LTD.
    By: Babson Capital Management LLC as Collateral
Servicer
 
           
 
  By:   /s/ Arthur McMahon    
 
           
    Name: Arthur McMahon
    Title: Director
EURONET WORLDWIDE, INC.
AMENDMENT NO. 2

 


 

             
    BAKER STREET FUNDING CLO 2005-I LTD.
    By: Seix Investment Advisors LLC, as
Collateral Manager
 
           
    BAKER STREET CLO II LTD.
    By: Seix Investment Advisors LLC, as
Collateral Manager
 
           
    GRAND HORN CLO LTD.
    By: Seix Investment Advisors LLC, as
Collateral Manager
 
           
 
  By:   /s/ George Goudelias    
 
           
    Name: George Goudelias
    Title: Managing Director
EURONET WORLDWIDE, INC.
AMENDMENT NO. 2

 


 

             
    CAVALRY CLO I, LTD.
    By: Regiment Capital Management, LLC
As its Investment Advisor
 
           
    By: Regiment Capital Advisors, LP its Manager and pursuant to delegated authority
 
           
    By: Regiment Capital Advisors, LLC
its General Partner
 
           
 
  By:   /s/ Mark A. Brostowski    
 
           
    Name: Mark A. Brostowski
    Title: Authorized Signatory
EURONET WORLDWIDE, INC.
AMENDMENT NO. 2

 


 

             
    CIFC FUNDING 2007 - III, LTD.
 
           
 
  By:   /s/ Nga Tran    
 
           
    Name: Nga Tran
    Title: Head of Institutional Relationships
EURONET WORLDWIDE, INC.
AMENDMENT NO. 2

 


 

             
    COLUMBUSNOVA CLO LTD. 2007-I
 
    COLUMBUSNOVA CLO IV LTD. 2007-II
 
           
 
  By:   /s/ Benjamin Peterson    
 
           
    Name: Benjamin Peterson
    Title: Associate Director
EURONET WORLDWIDE, INC.
AMENDMENT NO. 2

 


 

             
    CONFLUENT 3 LIMITED
    By: Morgan Stanley Investment Management Inc.
As Investment Manager
 
           
    MORGAN STANLEY INVESTMENT
MANAGEMENT CROTON, LTD.
    By: Morgan Stanley Investment Management Inc. as
Collateral Manager
 
           
    MSIM PECONIC BAY, LTD.
    By: Morgan Stanley Investment Management Inc. as
Interim Collateral Manager
 
           
    QUALCOMM GLOBAL TRADING, INC.
    By: Morgan Stanley Investment Management Inc. as
Investment Manager
 
           
    ZODIAC FUND - MORGAN STANLEY US
SENIOR LOAN FUND
    By: Morgan Stanley Investment Management Inc. as
Investment Manager
 
           
 
  By:   /s/ John Hayes    
 
           
    Name: John Hayes
    Title: Executive Director
EURONET WORLDWIDE, INC.
AMENDMENT NO. 2

 


 

             
    CORNERSTONE CLO LTD.
    By: Stone Tower Debt Advisors LLC,
As its Collateral Manager
 
           
    GRANITE VENTURES I LTD.
    By: Stone Tower Debt Advisors LLC,
As its Collateral Manager
 
           
    RAMPART CLO 2006-1 LTD.
    By: Stone Tower Debt Advisors LLC,
As its Collateral Manager
 
           
    RAMPART CLO 2007 LTD.
    By: Stone Tower Debt Advisors LLC,
As its Collateral Manager
 
           
    STONE TOWER CLO III LTD.
    By: Stone Tower Debt Advisors LLC,
As its Collateral Manager
 
           
    STONE TOWER CLO IV LTD.
    By: Stone Tower Debt Advisors LLC,
As its Collateral Manager
 
           
    STONE TOWER CLO V LTD.
    By: Stone Tower Debt Advisors LLC,
As its Collateral Manager
 
           
    STONE TOWER CLO VI LTD.
    By: Stone Tower Debt Advisors LLC,
As its Collateral Manager
 
           
    STONE TOWER CLO VII LTD.
    By: Stone Tower Debt Advisors LLC,
As its Collateral Manager
 
           
 
  By:   /s/ Michael W. DelPercio    
 
           
    Name: Michael W. DelPercio
    Title: Authorized Signatory
EURONET WORLDWIDE, INC.
AMENDMENT NO. 2

 


 

             
    DRYDEN XVIII LEVERAGED LOAN 2007 LTD.
    By: Prudential Investment Management, Inc. as Collateral Manager
 
           
    DRYDEN XI — LEVERAGED LOAN CDO 2006
    By: Prudential Investment Management, Inc. as Collateral Manager
 
           
 
  By:   /s/ Stephen J. Collins    
 
           
    Name: Stephen J. Collins
    Title: VP
EURONET WORLDWIDE, INC.
AMENDMENT NO. 2

 


 

             
    EAGLE MASTER FUND LTD.
    By: Citigroup Alternative Investments LLC,
As Investment Manager for and on behalf of
Eagle Master Fund Ltd.
 
           
    REGATTA FUNDING LTD.
    By: Citigroup Alternative Investments LLC,
Attorney-in-fact
 
           
 
  By:   /s/ Robert O’Brien    
 
           
    Name: Robert O’Brien
    Title: VP
EURONET WORLDWIDE, INC.
AMENDMENT NO. 2

 


 

             
    GALAXY IV CLO, LTD.
    By: AIG Global Investment Corp.
Its Collateral Manager
 
           
    GALAXY V CLO, LTD.
    By: AIG Global Investment Corp.
Its Collateral Manager
 
           
    GALAXY VIII CLO, LTD.
    By: AIG Global Investment Corp.
    Its Collateral Manager
 
           
    SATURN CLO, LTD.
    By: AIG Global Investment Corp.
As Collateral Manager
 
           
    AMERICAN INTERNATIONAL GROUP, INC.
    By: AIG Global Investment Corp.
    Its Investment Advisor
 
           
 
  By:   /s/ Chang W. Chung    
 
           
    Name: Chang W. Chung
    Title: Vice President
EURONET WORLDWIDE, INC.
AMENDMENT NO. 2

 


 

             
    GOLDMAN SACHS ASSET MANAGEMENT CLO,
PUBLIC LIMITED COMPANY
    By: Goldman Sachs Asset Manager, L.P., as Manager
 
           
 
  By:   /s/ John Mack    
 
           
    Name: John Mack
    Title: Vice President
EURONET WORLDWIDE, INC.
AMENDMENT NO. 2

 


 

             
    GULF STREAM-COMPASS CLO 2005-II LTD.
    By: Gulf Stream Asset Management LLC.
As Collateral Manager
 
           
    GULF STREAM-COMPASS CLO 2007 LTD.
    By: Gulf Stream Asset Management LLC.
As Collateral Manager
 
           
 
  By:   /s/ Barry Love    
 
           
    Name: Barry Love
    Title: Chief Credit Officer
EURONET WORLDWIDE, INC.
AMENDMENT NO. 2

 


 

             
    KINGSLAND V, LTD.
    By: Kingsland Capital Management, LLC.
As Manager
 
           
 
  By:   /s/ Joyce C. DeLucca    
 
           
    Name: Joyce C. DeLucca
    Title: Authorized Officer
EURONET WORLDWIDE, INC.
AMENDMENT NO. 2

 


 

             
    FEINGOLD O’KEEFFE CAPITAL, LLC
As Collateral Manager for
    Lime Street CLO, Ltd.
 
           
 
  By:   /s/ Scott D’Orsi    
 
           
    Name: Scott D’Orsi
    Title: Portfolio Manager
EURONET WORLDWIDE, INC.
AMENDMENT NO. 2

 


 

             
    MOUNTAIN CAPITAL CLO III LTD.
 
           
    MOUNTAIN CAPITAL CLO VI LTD.
 
           
 
  By:   /s/ Candace Ebanks    
 
           
    Name: Candace Ebanks
    Title: Director
EURONET WORLDWIDE, INC.
AMENDMENT NO. 2

 


 

             
    OCTAGON INVESTMENT PARTNERS V, LTD.
    By: OCTAGON CREDIT INVESTORS, LLC
    AS PORTFOLIO MANAGER
 
           
    OCTAGON INVESTMENT PARTNERS VI, LTD.
    By: OCTAGON CREDIT INVESTORS, LLC
    AS COLLATERAL MANAGER
 
           
    OCTAGON INVESTMENT PARTNERS VII, LTD.
    By: OCTAGON CREDIT INVESTORS, LLC
    AS COLLATERAL MANAGER
 
           
    OCTAGON INVESTMENT PARTNERS VIII, LTD.
    By: OCTAGON CREDIT INVESTORS, LLC
    AS COLLATERAL MANAGER
 
           
    OCTAGON INVESTMENT PARTNERS XI, LTD.
    By: OCTAGON CREDIT INVESTORS, LLC
    AS COLLATERAL MANAGER
 
           
    HAMLET II, LTD.
    By: OCTAGON CREDIT INVESTORS, LLC
    AS PORTFOLIO MANAGER
 
           
 
  By:   /s/ Margaret B. Harvey    
 
           
    Name: Margaret B. Harvey
    Title: Senior Director
EURONET WORLDWIDE, INC.
AMENDMENT NO. 2

 


 

             
    PPM GRAYHAWK CLO, LTD.
    By: PPM AMERICA, INC., AS COLLATERAL MANAGER
 
           
 
  By:   /s/ David C. Wagner    
 
           
    Name: David C. Wagner
    Title: Managing Director
EURONET WORLDWIDE, INC.
AMENDMENT NO. 2

 


 

             
    ROSEDALE CLO II LTD.
    By: Princeton Advisory Group, Inc.
    The Collateral Manager
 
           
 
  By:   /s/ Troy Isaksen    
 
           
    Name: Troy Isaksen
    Title: Sr. Credit Analyst
EURONET WORLDWIDE, INC.
AMENDMENT NO. 2

 


 

             
    THE SUMITOMO TRUST & BANKING CO., LTD.
NEW YORK BRANCH
 
           
 
  By:   /s/ Frances E. Wynne    
 
           
    Name: Frances E. Wynne
    Title: Senior Director
EURONET WORLDWIDE, INC.
AMENDMENT NO. 2

 


 

             
    TRALEE CDO I, LTD.
    By: Par-Four Investment Management, LLC
As Collateral Manager
 
           
 
  By:   /s/ Edward Labrenz    
 
           
    Name: Edward Labrenz
    Title: Authorized Signatory
EURONET WORLDWIDE, INC.
AMENDMENT NO. 2

 


 

             
    WHITEHORSE V, LTD.
    By: Whitehorse Capital Partners, L.P.
As Collateral Manager
    By: WhiteRock Asset Advisor, L.L.C., its G.P.
 
           
 
  By:   /s/ Ethan Underwood    
 
           
    Name: Ethan Underwood
    Title: Manager
EURONET WORLDWIDE, INC.
AMENDMENT NO. 2

 


 

Schedule 1(b)
Intellectual Property
                                 
U.S. Patents (as of 2/5/09)
Patent   Serial No.   Recorded Date   Inventors   PCT filed
 
Methods and Systems for Transferring Funds
    6,736,314     18-May 2004           18-May 2004
License Agreements:
(1) License Agreement, entered into on June 30, 2004 between TGIP, Inc., a Texas corporation and Call Processing, Inc., to use U.S. Patent Nos. 5,511,114; 5,577,109; 5,721,768 and 6,502,745.  
(2) PaySpot, Inc., a Delaware corporation, entered into a License Agreement with EWI Holdings, Inc., a Delaware corporation and unaffiliated third party, dated as of January 30, 2007 whereby PaySpot was granted a license by EWI Holdings, Inc. to use US Patent No. 6,526,130 and US Patent Application No. 10/316603.

 


 

Schedule 1(b)

Foreign Patents (as of 2/5/09)
Euronet Foreign Patents and Applications
In the name of Euronet Worldwide Inc.
“Multifunctional Mobile Banking System”
Filed 5th March 2001 as international application no. PCT/US01/06922 (publication no. WO 02/07320)
Claiming priority date of 8th August 2000 from US application no. 09/634984
Page White & Farrer ref. 307571
         
Country   Application No.   Patent No.
Australia
  2001241977   2001241977
Canada
  2418991    
China
  1817033.1    
Czech Republic
  2003-1107    
European Patent
  1913300.8    
Hong Kong
  3105586.6    
Croatia
  P20030164A    
Hungary
  P0301709    
Indonesia
  W00200300240    
India
  130/MUMNP/2003    
New Zealand
  523880   523880
Poland
  P365196    
Serbia
  P-92/03    
“Financial Transaction system”
Filed 5th March 2001 as international application no. PCT/US01/06965 (publication no. WO 02/021416)
Claiming priorty date of 7th September 2000 from US application no. 09/657478
Page White & Farrer ref. 307572
         
Country   Application No.   Patent No.
Australia
  2001245430   2001245430
Canada
  2421308    
China
  1818516.9    

 


 

         
Country   Application No.   Patent No.
Czech Republic
  2003-1131    
European Patent
  1918342.5    
Hong Kong
  3109454.7    
Croatia
  P20030254A    
Hungary
  P0302122    
Indonesia
  W00200300478    
India
  249/MUMNP/2003    
New Zealand
  524435   524435
Poland
  P365173    
Serbia
  P-173/03    
“System and Method for Purchasing Goods and Services through Financial Data Network Access Points”
Filed 6th February 2001 as international application no. PCT/US01/40024 (publication no. WO 02/027629)
Claiming priority date of 28th September 2000 from US application no. 09/670826
Page White & Farrer ref. 307573
         
Country   Application No.   Patent No.
Australia
  2001247953   2001247953
Canada
  2424037    
China
  1819540.7    
Czech Republic
  2003-1053    
European Patent
  1920951.9    
Hong Kong
  4100232.4    
Croatia
  P20030325A    
Hungary
  P0302552    
Indonesia
  W00200300639    
India
  341/MUMNP/2003    
New Zealand
  546571   546571
Poland
  P366045    
Serbia
  P-237/03    
“System and Method for Purchasing Goods and Services through Financial Data Network Access Points over a Point of Sale Network”
Filed 14th March 2003 as international application no. PCT/US03/07988 (publication no. WO 03/079159)
Claiming priority date of 14th March 2002 from US application no. 60/363884
Page White & Farrer ref. 306877

 


 

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