Company: DLX
Filing Date: 2025-02-21
Form Type: S-8
Source: 0001104659-25-016024
Chunk: 2

Company: DELUXE CORP
Filing Date: 2025-02-21
Form: S-8
Chunk 2
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 constitute a part of
this registration statement.

Item 4. Description of Securities.

Not applicable.

Item 5. Interests of Named Experts and Counsel.

Jeff Cotter, who is providing an opinion of counsel with respect to
the securities to which this Registration Statement on Form S-8 relates, is an employee and officer (Chief Administrative Officer,
Senior Vice President and General Counsel) of the Registrant. As of February 21, 2025, Mr. Cotter owned (i) stock options
to purchase 100,725 shares of Deluxe common stock, 95,842 of which are currently exercisable, and (ii) 54,291 shares of Deluxe
common stock underlying unvested restricted stock units, all of which were awarded to him in his capacity as an employee of the Registrant.
As of February 21, 2025, Mr. Cotter also owns 40,601 shares of the Registrant’s common stock.

Item 6. Indemnification of Directors and Officers.

Section 302A.521, subd. 2, of the Minnesota Business Corporation
Act (the “MBCA”) requires Deluxe to indemnify a person made or threatened to be made a party to a proceeding by reason of
the former or present official capacity of the person with respect to Deluxe against judgments, penalties, fines, including, without limitation,
excise taxes assessed against the person with respect to an employee benefit plan, settlements and reasonable expenses, including attorneys’
fees and disbursements, incurred by the person in connection with the proceeding (collectively, “Losses”) if, with respect
to the same acts or omissions, such person: (1) has not been indemnified by another organization or employee benefit plan for the
same Losses; (2) acted in good faith; (3) received no improper personal benefit, and statutory procedures have been followed
in the case of any conflict of interest by a director; (4) in the case of a criminal proceeding, had no reasonable cause to believe
the conduct was unlawful; and (5) in the case of acts or omissions occurring in the person’s official capacity as director,
officer, member of a committee of the board or employee, reasonably believed that the conduct was in the best interests of the corporation,
or in the case of acts or omissions occurring in a director’s, officer’s or employee’s capacity as a director, officer,
partner, trustee, employee or agent of