MoneyGram 2007 Annual Report Download - page 144

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B. MONEY TRANSFERS
i. Additional Money Transfer Commission. Seller shall be entitled to an Extension Payment of an additional [*] of the applicable Consumer
Fee. The Extension Payment would apply to Money Transfer transactions conducted by Seller beginning on February 1, 2006.
ii. Performance Bonuses. The Money Transfer Section of the Agreement, section 6b., is hereby amended as follows:
In addition to the above Commissions and Extension Payment, Seller shall be entitled to a Performance Based Bonus, as follows
("Performance Bonus"):
Number of Money Transfer transactions Performance Based Bonus
(per Contract Year) (as a percentage of the applicable Consumer Fee)
[*]
[*]
[*]
[*]
[*]
iii. Term. Section XIII. of the Money Services Agreement is amended such that the initial term of the Agreement shall continue through
January 31, 2010. This section is further amended to modify Section XIII. e.(i), as follows:
"(i) Extension Options — On or before the eve of each anniversary of this Agreement (January 31 of each year during the initial term of
this Agreement) Seller shall have the option to extend the term of this Agreement by one additional year (to January 31, 2011). Seller shall
be entitled to an Extension Payment of an additional [*] of the applicable Consumer Fee, beginning on the following February 1st, and
continuing for the remaining term of this Agreement.
If Seller does not give notice of its intent to terminate the Agreement by the end of the initial term by written notice given on or before
January 31, 2009, the Agreement will automatically renew for an additional one year period (to January 31, 2011). However, Seller shall not
be entitled to the Extension Payment related to the Extension Option."
The terms of Section XIII.e.ii. shall remain in effect as originally stated.
III. Additional Products and Services. This Addendum shall modify the Money Services Agreement and related attachments with respect to
Money Orders and the Money Center Express (MCX) and Money Services Express (MSX) programs. The terms and conditions applicable to
Money Transfers or other products or services shall not be modified by this Amendment.
[*] Please refer to footnote on page 1. 18