REDEMPTION AGREEMENT among iPAYMENT INVESTORS, L.P., iPAYMENT GP, LLC, GREGORY S. DAILY, THE TRUSTEE IDENTIFIED HEREIN and THE SELLERS LISTED ON EXHIBIT A HERETO April 12, 2011Redemption Agreement • April 13th, 2011 • Ipayment Inc • Services-business services, nec • Delaware
This REDEMPTION AGREEMENT (this “Agreement”), dated as of April 12, 2011, is entered into by and among iPayment GP, LLC, a Delaware limited liability company (the “General Partner”), iPayment Investors, L.P. (the “Company”), each Person listed on Exhibit A (each a “Seller”), Gregory S. Daily (“Daily” and, together with the Sellers, the “Selling Parties” and each a “Selling Party”) and Randal S. Mashburn, solely in his capacity as the duly appointed trustee in the Chapter 11 Case (as defined below) (“Trustee”). Capitalized terms used but not otherwise defined herein shall have the meanings assigned to them in Section 7.1.
