MoneyGram 2007 Annual Report Download - page 142

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Amendment 1
to
Money Services Agreement
RECITALS:
A. MoneyGram and Seller are parties to that certain Money Services Agreement effective February 1, 2005 (the "Agreement") relating to the
rendering of Money Order, Money Transfer and related services.
B. The parties wish to amend the Agreement to provide for additional services and to modify certain terms and conditions of the Agreement,
as set forth herein.
AGREEMENT:
In consideration of the following terms and conditions, the parties agree as follows:
I. Money Center Express (MCX)
i. Completion of pilot. The parties have completed the pilot phase of the MCX project, and intend to roll-out kiosks called the "Money
Center Express" ("MCX") or "Money Services Express" ("MSX"), in connection with certain third parties, for the sale of incremental
Company money orders.
The term "MCX" will be used to represent both the MCX and MSX in this Amendment. All terms and conditions in the Agreement which
apply to the MCX shall also apply to the MSX. The money orders sold through the MCX kiosk are subject to the following additional terms and
conditions. In the event of a conflict between the terms contained in this section and the terms contained in another part of this Agreement, the
term contained in this section shall be controlling with respect to money orders sold through the MCX.
ii. Roll Out. Seller agrees to provide Company with 16 weeks notice of rollout of MCX units. Once agreed, any modifications to the roll
out schedule shall be mutually agreed by the parties.
iii. Fees. As compensation for money orders sold via the MCX kiosk, Seller agrees to make fee payments to Company of [*] per money
order for all money orders sold through January 31, 2006. After January 31, 2006, the fees payable by or rebates payable to Seller
shall be determined pursuant to section II., below.
iv. Non-MCX Money Order Sales. Seller shall maintain non-MCX money order sales at Associate manned service counters in each
Location at all times during this Agreement, during all hours of operation of such service counters.
v. Compliance. The parties agree to comply with all laws and regulations applicable to selling Company money orders via the MCX
kiosk, including compliance reporting. The parties will develop and document a program to ensure such compliance, which shall be
mutually agreeable to both parties.
vi. MCX Technology. Certain equipment and software provided by Company to Seller, including but not limited to the terminals and
dispensers (the "MCX Equipment") which will be provided by Company to Seller to be incorporated into the MCX kiosk being
developed by Seller's subcontractor(s), contain trade secrets and technology protected by patents. Neither Seller nor Seller's
subcontractor shall obtain any rights to any terminal, dispenser or other equipment or technology provided by Company.
vii. Service Levels. The MCX Equipment will be covered by the MCX section in the Service Level Agreement between the parties.
[*] Please refer to footnote on page 1. 16