TERMINATION AGREEMENT
EXHIBIT 10.1
TERMINATION AGREEMENT
This TERMINATION AGREEMENT is entered into on November 2, 2007, by and between Comdata Network, Inc., a Maryland corporation (the Originator), and Comdata Funding Corporation, a Delaware corporation (CFC and, together with the Originator, the Companies), with respect to that certain Receivables Sale Agreement, dated as of June 24, 2002, between the Originator and CFC (the First Step Agreement). Capitalized terms used and not otherwise defined herein are used with the meanings attributed thereto in the First Step Agreement.
By their signatures below, effective on November 2, 2007, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Companies hereby agree that (a) all sales and contributions of Receivables and Related Security under the First Step Agreement will cease, and (b) each of the Transaction Documents (including without limitation, the First Step Agreement and the Performance Undertaking) is hereby terminated except for provisions thereof which expressly survive termination thereof.
COMDATA FUNDING CORPORATION |
By: /s/ David B. Kuhnau |
Name: David B. Kuhnau |
Title: Vice President and Assistant Treasurer |
COMDATA NETWORK, INC. |
By: /s/ J. Randall Pitman |
Name: J. Randall Pitman |
Title: Executive Vice President, Finance |