CONTRIBUTION AGREEMENTContribution Agreement • May 15th, 2017 • Live Oak Bancshares, Inc. • State commercial banks • Delaware
This Contribution Agreement (this “Agreement”) is made as of May 9, 2017, by, between and among First Data Corporation, a Delaware corporation (“FDC”), FundsXpress, Inc., a Delaware corporation and wholly-owned subsidiary of FDC (“FXP”), FundsXpress Financial Network, Inc., a Texas corporation and wholly-owned subsidiary of FXP (“FXP Network”; together with FXP, “FundsXpress”; and FundsXpress together with FDC, the “FDC Parties”), and Live Oak Banking Company, a banking corporation chartered under the laws of North Carolina (“Live Oak”). The FDC Parties and Live Oak shall be individually referred to herein as “Owner” and collectively referred to herein as “Owners.”
