Framework Agreement
Category: Misc
This Framework Agreement, together with its Schedules (which form an inseparable part hereof) (collectively, this “Agreement“) is made on 2007
Between:
| (1) | Visa Inc. a corporation organized and existing under the laws of the State of Delaware, United States of America with a principal place of business at 900 Metro Center Boulevard, Foster City, California 94404 (“Visa Inc.“); |
| (2) | Visa Europe Limited a company registered in England and Wales with its registered address at One Sheldon Square, London W2 6TT with company number 5139966 (“Visa Europe“); |
| (3) | Inovant LLC a Delaware limited liability company (“Inovant“); |
| (4) | Visa International Services Association a Delaware corporation with a principal place of business at 900 Metro Center Boulevard, Foster City, California 94404 (” Visa International“); and |
| (5) | Visa U.S.A. Inc. a Delaware corporation with a principal place of business at 123 Mission Street, San Francisco, California 94105 (“Visa USA “). |
Whereas:
| (A) | Visa Europe was a Regional Group Member of Visa International under a Regional Group Membership Agreement entered into on 1 July 2004; |
| (B) | Visa International was a membership corporation established in Delaware, USA, which provided authorization, clearing and settlement services and other services ancillary thereto, in relation to Visa payment transactions to its Members; |
| (C) | Under the Regional Group Membership Agreement, Visa Europe and Visa International provided authorization, clearing, settlement and payment processing services to each other, and services ancillary thereto, in respect of Visa payment transactions; |
| (D) | Pursuant to a Global Restructuring Agreement entered into on June 15, 2007 (the “Global Restructuring Agreement“), Visa Europe has ultimately exchanged its membership interest in Visa International for shares in Visa Inc. and has ceased to be a member of Visa International; |
It is agreed as follows:
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Click here for the complete Framework Agreement