TERMINATION AGREEMENT

EX-10.1 2 exhibit101.htm EXHIBIT 10.1 exhibit101.htm -- Converted by SEC Publisher, created by BCL Technologies Inc., for SEC Filing

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