STOCK ESCROW AGREEMENT
 
STOCK ESCROW AGREEMENT, dated as of May 13, 2011 (“Agreement”), by and among
UNIVERSAL BUSINESS PAYMENT SOLUTIONS ACQUISITION CORPORATION., a Delaware
corporation (“Company”), the undersigned individual whose name appears listed
under the heading “Initial Stockholder” on the signature page hereto (each an
“Initial Stockholder” and collectively as scheduled on Exhibit A, the “Initial
Stockholders”) and CONTINENTAL STOCK TRANSFER & TRUST COMPANY, a New York
corporation (“Escrow Agent”).
 
WHEREAS, the Company has entered into an underwriting agreement, dated May 9,
2011 (“Underwriting Agreement”), with EarlyBirdCapital, Inc. (“EBC”) acting as
representative of the several underwriters (collectively, the “Underwriters”),
pursuant to which, among other matters, the Underwriters have agreed to purchase
12,000,000 units (“Units”) of the Company with an option to purchase up to
1,800,000 additional Units to cover over-allotments.  Each Unit consists of one
share of the Company’s common stock, par value $0.001 per share (“Common
Stock”), and one warrant, each warrant to purchase one share of Common Stock,
all as more fully described in the Company’s Registration Statement on Form S-1
(File No. 333-171359) (“Registration Statement”) under the Securities Act of
1933, as amended (the “Securities Act”) , declared effective on May 9, 2011
(“Effective Date”), following which the Company filed its final prospectus (the
“Prospectus”) under Rule 424 of the Securities Act.
 
WHEREAS, the Initial Stockholders have agreed as a condition of the sale of the
Units to deposit their shares of Common Stock of the Company, as set forth
opposite their respective names in Exhibit A attached hereto (collectively
“Escrow Shares”), in escrow as hereinafter provided.
 
WHEREAS, each of the Initial Stockholders has executed a letter agreement with
the Underwriters and the Company dated as of the date hereof (the “Insider
Letters”).
 
WHEREAS, the Company and the Initial Stockholders desire that the Escrow Agent
accept the Escrow Shares, in escrow, to be held and disbursed as hereinafter
provided.
 
IT IS AGREED:
 
1.           Appointment of Escrow Agent.  The Company and the Initial
Stockholders hereby appoint the Escrow Agent to act in accordance with and
subject to the terms of this Agreement and the Escrow Agent hereby accepts such
appointment and agrees to act in accordance with and subject to such terms.
 
2.           Deposit of Escrow Shares.  On or before the Effective Date, each of
the Initial Stockholders shall deliver to the Escrow Agent certificates
representing his, her or its respective Escrow Shares, to be held and disbursed
subject to the terms and conditions of this Agreement.  Each Initial Stockholder
acknowledges that the certificate representing his, her or its Escrow Shares is
legended to reflect the deposit of such Escrow Shares under this Agreement.
 
3.           Disbursement of the Escrow Shares.
 
3.1.           Failure to Exercise Over-Allotment Option.  If the Underwriters
fail to exercise their over-allotment option to purchase up to an additional
1,800,000 Units of the Company (as described in the Prospectus) in full, the
Initial Stockholders agree that the Escrow Agent shall return to the Company for
cancellation, at no cost, the number of Escrow Shares held by each Initial
Stockholder determined by multiplying (a) the product of (i) 450,000, multiplied
by (ii) a fraction, (x) the numerator of which is the number of Escrow Shares
held by each Initial Stockholder, and (y) the denominator of which is the total
number of Escrow Shares, by (b) a fraction, (i) the numerator of which is
1,800,000 minus the number of Units purchased by the Underwriters upon the
exercise of their over-allotment option, and (ii) the denominator of which is
1,800,000.

 
 

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3.2.           Pre-Business Combination.  The Escrow Agent shall hold the Escrow
Shares until one year after the consummation of a Business Combination (as
defined in the Registration Statement), on which date it shall, upon written
instructions from each Initial Stockholder, disburse 75% of the Initial
Stockholder’s Escrow Shares (and any applicable stock power) to such Initial
Stockholder, the remaining 25% of the Initial Stockholder’s Escrow Shares to
remain in escrow until such time as a redemption under Section 6.1 of that
certain warrant agreement entered into between the Company and the Escrow Agent
concurrently with this Agreement (the “Warrant Agreement”) occurs, if at
all.  If such a redemption does not occur prior to the expiration of the
warrants governed by the Warrant Agreement, the remaining 25% of the Initial
Stockholder’s Escrow Shares shall be returned to the Company for cancellation.
The earlier of the date on which a redemption under Section 6.1 of the Warrant
Agreement occurs and the expiration of the warrants governed by the Warrant
Agreement is referred to herein as the “Escrow Period”
 
3.3.           Post-Business Combination.  If, after the Company consummates a
Business Combination (as such term is defined in the Underwriting Agreement), it
(or the surviving entity) subsequently consummates a liquidation, merger, stock
exchange or other similar transaction which results in all of the stockholders
of such entity having the right to exchange their shares of Common Stock for
cash, securities or other property, then the Escrow Agent will, upon receipt of
a certificate, executed by the Chairman of the Board or other authorized officer
of the Company, in form reasonably acceptable to the Escrow Agent, that such
transaction is then being consummated or such conditions have been achieved, as
applicable, release the Escrow Shares to the Initial Stockholders.  The Escrow
Agent shall have no further duties hereunder after the disbursement in
accordance with this Section 3.
 
4.           Rights of Initial Stockholders in Escrow Shares.
 
4.1.           Voting Rights as a Stockholder.  Subject to the terms of the
Insider Letter and except as herein provided, the Initial Stockholders shall
retain all of their rights as stockholders of the Company during the Escrow
Period, including the right to vote such shares, other than with respect to any
Escrow Shares which shall have been returned to the Company for cancellation.
 
4.2.           Dividends and Other Distributions in Respect of the Escrow
Shares.  During the Escrow Period, all dividends or distributions payable in
cash with respect to the Escrow Shares shall be paid to the Initial
Stockholders, but all dividends or distributions payable in stock or other
non-cash property (“Non-Cash Dividends”) shall be delivered to the Escrow Agent
to hold in accordance with the terms hereof.  As used herein, the term “Escrow
Shares” shall be deemed to include the Non-Cash Dividends distributed thereon,
if any.
 
4.3.           Restrictions on Transfer.  During the Escrow Period, no sale,
transfer or other disposition may be made of any or all of the Escrow Shares
except as (A) pledges to secure the obligations incurred in connection with
purchases of the Escrow Shares, (B) private sales of the Escrow Shares placed in
the escrow account made at or prior to the consummation of a business
combination at prices no greater than the price at which the shares were
originally purchased or (C) transfers to (i) the Company’s officers and
directors, (ii) an entity’s members upon its liquidation, (iii) a member of an
Initial Stockholder’s immediate family or to a trust, by bona fide gift, the
beneficiary of which is an Initial Stockholder or a member of an Initial
Stockholder’s immediate family for estate planning purposes, (iv) by virtue of
the laws of descent and distribution upon death, (v) pursuant to a qualified
domestic relations order or (vi) to the Company for cancellation in connection
with the consummation of a business combination; provided, however, that such
transfers except for transfers under (B) or (C)(vi) may be implemented only upon
the respective transferee’s written agreement to be bound by the terms and
conditions of this Agreement, following which such transferee shall be an
Initial Stockholder for the purposes of this Agreement.
 
5.           Concerning the Escrow Agent.
 
5.1.           Good Faith Reliance.  The Escrow Agent shall not be liable for
any action taken or omitted by it in good faith and in the exercise of its own
best judgment, and may rely conclusively and shall be protected in acting upon
any order, notice, demand, certificate, opinion or advice of counsel (including
counsel chosen by the Escrow Agent), statement, instrument, report or other
paper or document (not only as to its due execution and the validity and
effectiveness of its provisions, but also as to the truth and acceptability of
any information therein contained) which is believed by the Escrow Agent to be
genuine and to be signed or presented by the proper person or persons.  The
Escrow Agent shall not be bound by any notice or demand, or any waiver,
modification, termination or rescission of this Agreement unless evidenced by a
writing delivered to the Escrow Agent signed by the proper party or parties and,
if the duties or rights of the Escrow Agent are affected, unless it shall have
given its prior written consent thereto.

 
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5.2.           Indemnification.  The Escrow Agent shall be indemnified and held
harmless by the Company from and against any documented, out-of-pocket expenses,
including counsel fees and disbursements, or loss suffered by the Escrow Agent
in connection with any action, suit or other proceeding involving any claim
which in any way, directly or indirectly, arises out of or relates to this
Agreement, the services of the Escrow Agent hereunder, or the Escrow Shares held
by it hereunder, other than expenses or losses arising from the bad faith, gross
negligence or willful misconduct of the Escrow Agent.  Promptly after the
receipt by the Escrow Agent of notice of any demand or claim or the commencement
of any action, suit or proceeding, the Escrow Agent shall notify the other
parties hereto in writing.  In the event of the receipt of such notice, the
Escrow Agent, in its sole discretion, may commence an action in the nature of
interpleader in an appropriate court to determine ownership or disposition of
the Escrow Shares or it may deposit the Escrow Shares with the clerk of any
appropriate court or it may retain the Escrow Shares pending receipt of a final,
non-appealable order of a court having jurisdiction over all of the parties
hereto directing to whom and under what circumstances the Escrow Shares are to
be disbursed and delivered.  The provisions of this Section 5.2 shall survive in
the event the Escrow Agent resigns or is discharged pursuant to Sections 5.5 or
5.6 below.
 
5.3.           Compensation.  The Escrow Agent shall be entitled to reasonable
compensation from the Company for all services rendered by it hereunder, as
described in Exhibit B hereto.  The Escrow Agent shall be entitled to
reimbursement from the Company for all expenses paid or incurred by it in the
administration of its duties hereunder including, but not limited to, all
counsel, advisors’ and agents’ fees and disbursements and all taxes or other
governmental charges.
 
5.4.           Further Assurances.  From time to time on and after the date
hereof, the Company and the Initial Stockholders shall deliver or cause to be
delivered to the Escrow Agent such further documents and instruments and shall
do or cause to be done such further acts as the Escrow Agent shall reasonably
request to carry out more effectively the provisions and purposes of this
Agreement, to evidence compliance herewith or to assure itself that it is
protected in acting hereunder.
 
5.5.           Resignation.  The Escrow Agent may resign at any time and be
discharged from its duties as escrow agent hereunder by its giving the other
parties hereto written notice and such resignation shall become effective as
hereinafter provided.  Such resignation shall become effective at such time that
the Escrow Agent shall turn over to a successor escrow agent appointed by the
Company, the Escrow Shares held hereunder.  If no new escrow agent is so
appointed within the 60 day period following the giving of such notice of
resignation, the Escrow Agent may deposit the Escrow Shares with any court it
reasonably deems appropriate.
 
5.6.           Discharge of Escrow Agent.  The Escrow Agent shall resign and be
discharged from its duties as escrow agent hereunder if so requested in writing
at any time by the other parties hereto, jointly, provided, however, that such
resignation shall become effective only upon acceptance of appointment by a
successor escrow agent as provided in Section 5.5.
 
5.7.           Liability.  Notwithstanding anything herein to the contrary, the
Escrow Agent shall not be relieved from liability hereunder for its own gross
negligence or its own willful misconduct.
 
5.8.           Waiver.  The Escrow Agent hereby waives any and all right, title,
interest or claim of any kind (each, a “Claim”) in or to any distribution from
the Trust Account (as defined in the Investment Management Trust Agreement dated
as of the date hereof by and between the Company and the Escrow Agent, as
trustee thereunder) and hereby agrees not to seek recourse, reimbursement,
payment or satisfaction for any Claim against the Trust Account for any reason
whatsoever.

 
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6.           Miscellaneous.
 
6.1.           Governing Law.  This Agreement shall for all purposes be deemed
to be made under and shall be construed in accordance with the laws of the State
of New York.  The Company hereby agrees that any action, proceeding or claim
against it arising out of or relating in any way to this Agreement shall be
brought and enforced in the courts of the State of New York or the U.S. District
Court for the Southern District of New York, and irrevocably submits to such
jurisdiction, which jurisdiction shall be exclusive.  The Company hereby waives
any objection to such exclusive jurisdiction and that such courts represent an
inconvenience forum.  Any such process or summons to be served upon the Company
may be served by transmitting a copy thereof by registered or certified mail,
return receipt requested, postage prepaid, addressed to it at the address set
forth in Section 6.6 hereof.  Such mailing shall be deemed personal service and
shall be legal and binding upon the Company in any action, proceeding or claim.
 
6.2.           Third Party Beneficiaries.  Each of the Initial Stockholders
hereby acknowledges that the Underwriters are third party beneficiaries of this
Agreement and this Agreement may not be modified or changed without the prior
written consent of EBC.
 
6.3.           Entire Agreement.  This Agreement contains the entire agreement
of the parties hereto with respect to the subject matter hereof and, except as
expressly provided herein, may not be changed or modified except by an
instrument in writing signed by the party to the charged.  It may be executed in
several original or facsimile counterparts, each one of which shall constitute
an original, and together shall constitute but one instrument
 
6.4.           Headings.  The headings contained in this Agreement are for
reference purposes only and shall not affect in any way the meaning or
interpretation thereof.
 
6.5.           Binding Effect.  This Agreement shall be binding upon and inure
to the benefit of the respective parties hereto and their legal representatives,
successors and assigns.
 
6.6.           Notices.  Any notice or other communication required or which may
be given hereunder shall be in writing and either be delivered personally or be
mailed, certified or registered mail, or by private national courier service,
return receipt requested, postage prepaid, and shall be deemed given when so
delivered personally or, if mailed, two days after the date of mailing, as
follows:
 
If to the Company, to:
 
Universal Business Payment Solutions Acquisition Corporation
c/o UBPS Services, LLC
Radnor Financial Center
150 North Radnor-Chester Road, Suite F-200
Radnor, Pennsylvania 19087
Attn:  Bipin C. Shah
 
If to a Stockholder, to the address set forth in Exhibit A.
 
and if to the Escrow Agent, to:
 
Continental Stock Transfer & Trust Company
17 Battery Place
New York, New York 10004
Attn:  Chairman
 
A copy of any notice sent hereunder shall be sent to:
 
Dechert LLP
1775 I Street, N.W.
Washington, D.C. 20006
Attn:  Thomas J. Friedmann

 
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and:
 
EarlyBirdCapital, Inc.
275 Madison Avenue
27th Floor
New York, NY 10016
Attn:  Steve Levine
 
The parties may change the persons and addresses to which the notices or other
communications are to be sent by giving written notice to any such change in the
manner provided herein for giving notice.
 
6.7.           Liquidation of the Company.  The Company shall give the Escrow
Agent written notification of the liquidation and dissolution of the Company in
the event that the Company fails to consummate a Business Combination within the
time period(s) specified in the Prospectus.

 
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WITNESS the execution of this Agreement as of the date first above written.
 

 
UNIVERSAL BUSINESS PAYMENT
SOLUTIONS ACQUISITION CORPORATION
       
By:
/s/ Bipin C. Shah
   
Name: Bipin C. Shah
   
Title: Chief Executive Officer
       
INITIAL STOCKHOLDER:
       
By:
/s/ Bipin C. Shah
   
Name: Bipin C. Shah
   
Address:
       
CONTINENTAL STOCK TRANSFER &
 
TRUST COMPANY
       
By:
/s/ John W. Comer, Jr.
   
Name: John W. Comer, Jr.
   
Title:

 
 
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WITNESS the execution of this Agreement as of the date first above written.
 

 
UNIVERSAL BUSINESS PAYMENT
SOLUTIONS ACQUISITION CORPORATION
       
By:
/s/ Bipin C. Shah
   
Name: Bipin C. Shah
   
Title: Chief Executive Officer
       
INITIAL STOCKHOLDER:
       
By:
/s/ Peter Davidson
   
Name: Peter Davidson
   
Address:
       
CONTINENTAL STOCK TRANSFER &
 
TRUST COMPANY
       
By:
/s/ John W. Comer, Jr.
   
Name: John W. Comer, Jr.
   
Title:

 
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WITNESS the execution of this Agreement as of the date first above written.
 

 
UNIVERSAL BUSINESS PAYMENT
SOLUTIONS ACQUISITION CORPORATION
       
By:
/s/ Bipin C. Shah
   
Name: Bipin C. Shah
   
Title: Chief Executive Officer
       
INITIAL STOCKHOLDER:
       
By:
/s/ Frederick Hammer
   
Name: Frederick Hammer
   
Address:
       
CONTINENTAL STOCK TRANSFER &
 
TRUST COMPANY
       
By:
/s/ John W. Comer, Jr.
   
Name: John W. Comer, Jr.
   
Title:

 
8

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WITNESS the execution of this Agreement as of the date first above written.
 

 
UNIVERSAL BUSINESS PAYMENT
SOLUTIONS ACQUISITION CORPORATION
       
By:
/s/ Bipin C. Shah
   
Name: Bipin C. Shah
   
Title: Chief Executive Officer
       
INITIAL STOCKHOLDER:
       
By:
/s/ Arthur Ryan
   
Name: Arthur Ryan
   
Address:
       
CONTINENTAL STOCK TRANSFER &
 
TRUST COMPANY
       
By:
/s/ John W. Comer, Jr.
   
Name: John W. Comer, Jr.
   
Title:

 
9

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WITNESS the execution of this Agreement as of the date first above written.
 

 
UNIVERSAL BUSINESS PAYMENT
SOLUTIONS ACQUISITION CORPORATION
       
By:
/s/ Bipin C. Shah
   
Name: Bipin C. Shah
   
Title: Chief Executive Officer
       
INITIAL STOCKHOLDER:
       
By:
/s/ Robert Palmer
   
Name: Robert Palmer
   
Address:
       
CONTINENTAL STOCK TRANSFER &
 
TRUST COMPANY
       
By:
/s/ John W. Comer, Jr.
   
Name: John W. Comer, Jr.
   
Title:

 
10

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WITNESS the execution of this Agreement as of the date first above written.
 

 
UNIVERSAL BUSINESS PAYMENT
SOLUTIONS ACQUISITION CORPORATION
       
By:
/s/ Bipin C. Shah
   
Name: Bipin C. Shah
   
Title: Chief Executive Officer
       
INITIAL STOCKHOLDER:
       
By:
/s/ Richard Braddock
   
Name: Richard Braddock
   
Address:
       
CONTINENTAL STOCK TRANSFER &
 
TRUST COMPANY
       
By:
/s/ John W. Comer, Jr.
   
Name: John W. Comer, Jr.
   
Title:

 
11

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WITNESS the execution of this Agreement as of the date first above written.
 

 
UNIVERSAL BUSINESS PAYMENT
SOLUTIONS ACQUISITION CORPORATION
       
By:
/s/ Bipin C. Shah
   
Name: Bipin C. Shah
   
Title: Chief Executive Officer
       
INITIAL STOCKHOLDER:
       
By:
/s/ Jon Lubert
   
Name: Jon Lubert
   
Address:
       
CONTINENTAL STOCK TRANSFER &
 
TRUST COMPANY
       
By:
/s/ John W. Comer, Jr.
   
Name: John W. Comer, Jr.
   
Title:

 
12

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WITNESS the execution of this Agreement as of the date first above written.
 

 
UNIVERSAL BUSINESS PAYMENT
SOLUTIONS ACQUISITION CORPORATION
       
By:
/s/ Bipin C. Shah
   
Name: Bipin C. Shah
   
Title: Chief Executive Officer
       
INITIAL STOCKHOLDER:
       
By:
/s/ Ira Lubert
   
Name: Ira Lubert
   
Address:
       
CONTINENTAL STOCK TRANSFER &
 
TRUST COMPANY
       
By:
/s/ John W. Comer, Jr.
   
Name: John W. Comer, Jr.
   
Title:

 
13

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WITNESS the execution of this Agreement as of the date first above written.
 

 
UNIVERSAL BUSINESS PAYMENT
SOLUTIONS ACQUISITION CORPORATION
       
By:
/s/ Bipin C. Shah
   
Name: Bipin C. Shah
   
Title: Chief Executive Officer
       
INITIAL STOCKHOLDER:
       
By:
/s/ Douglas Anderson
   
Name: Douglas Anderson
   
Address:
       
CONTINENTAL STOCK TRANSFER &
 
TRUST COMPANY
       
By:
/s/ John W. Comer, Jr.
   
Name: John W. Comer, Jr.
   
Title:

 
14

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WITNESS the execution of this Agreement as of the date first above written.
 

 
UNIVERSAL BUSINESS PAYMENT
SOLUTIONS ACQUISITION CORPORATION
       
By:
/s/ Bipin C. Shah
   
Name: Bipin C. Shah
   
Title: Chief Executive Officer
       
INITIAL STOCKHOLDER:
       
By:
/s/ Douglas Rainey
   
Name: Douglas Rainey
   
Address:
       
CONTINENTAL STOCK TRANSFER &
 
TRUST COMPANY
       
By:
/s/ John W. Comer, Jr.
   
Name: John W. Comer, Jr.
   
Title:

 
15

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WITNESS the execution of this Agreement as of the date first above written.
 

 
UNIVERSAL BUSINESS PAYMENT
SOLUTIONS ACQUISITION CORPORATION
       
By:
/s/ Bipin C. Shah
   
Name: Bipin C. Shah
   
Title: Chief Executive Officer
       
INITIAL STOCKHOLDER:
       
By:
/s/ Eric Van Der Vlugt
   
Name: Eric Van Der Vlugt
   
Address:
       
CONTINENTAL STOCK TRANSFER &
 
TRUST COMPANY
       
By:
/s/ John W. Comer, Jr.
   
Name: John W. Comer, Jr.
   
Title:

 
16

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WITNESS the execution of this Agreement as of the date first above written.
 

 
UNIVERSAL BUSINESS PAYMENT
SOLUTIONS ACQUISITION CORPORATION
       
By:
/s/ Bipin C. Shah
   
Name: Bipin C. Shah
   
Title: Chief Executive Officer
       
INITIAL STOCKHOLDER:
       
By:
/s/ Thomas McHugh
   
Name: Thomas McHugh
   
Address:
       
CONTINENTAL STOCK TRANSFER &
 
TRUST COMPANY
       
By:
/s/ John W. Comer, Jr.
   
Name: John W. Comer, Jr.
   
Title:

 
17

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WITNESS the execution of this Agreement as of the date first above written.
 

 
UNIVERSAL BUSINESS PAYMENT
SOLUTIONS ACQUISITION CORPORATION
       
By:
/s/ Bipin C. Shah
   
Name: Bipin C. Shah
   
Title: Chief Executive Officer
       
INITIAL STOCKHOLDER:
       
By:
/s/ Dipak Shah
   
Name: Dipak Shah
   
Address:
       
CONTINENTAL STOCK TRANSFER &
 
TRUST COMPANY
       
By:
/s/ John W. Comer, Jr.
   
Name: John W. Comer, Jr.
   
Title:

 
18

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WITNESS the execution of this Agreement as of the date first above written.
 

 
UNIVERSAL BUSINESS PAYMENT
SOLUTIONS ACQUISITION CORPORATION
       
By:
/s/ Bipin C. Shah
   
Name: Bipin C. Shah
   
Title: Chief Executive Officer
       
INITIAL STOCKHOLDER:
       
By:
/s/ Anna Hassold
   
Name: Anna Hassold
   
Address:
       
CONTINENTAL STOCK TRANSFER &
 
TRUST COMPANY
       
By:
/s/ John W. Comer, Jr.
   
Name: John W. Comer, Jr.
   
Title:

 
19

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WITNESS the execution of this Agreement as of the date first above written.
 

 
UNIVERSAL BUSINESS PAYMENT
SOLUTIONS ACQUISITION CORPORATION
       
By:
/s/ Bipin C. Shah
   
Name: Bipin C. Shah
   
Title: Chief Executive Officer
       
INITIAL STOCKHOLDER:
       
By:
/s/ Roland Bullard
   
Name: Roland Bullard
   
Address:
       
CONTINENTAL STOCK TRANSFER &
 
TRUST COMPANY
       
By:
/s/ John W. Comer, Jr.
   
Name: John W. Comer, Jr.
   
Title:

 
20

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WITNESS the execution of this Agreement as of the date first above written.
 

 
UNIVERSAL BUSINESS PAYMENT
SOLUTIONS ACQUISITION CORPORATION
       
By:
/s/ Bipin C. Shah
   
Name: Bipin C. Shah
   
Title: Chief Executive Officer
       
INITIAL STOCKHOLDER:
       
By:
/s/ Fred R. Adams
   
Name: Fred R. Adams
   
Address:
       
CONTINENTAL STOCK TRANSFER &
 
TRUST COMPANY
       
By:
/s/ John W. Comer, Jr.
   
Name: John W. Comer, Jr.
   
Title:

 
21

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WITNESS the execution of this Agreement as of the date first above written.
 

 
UNIVERSAL BUSINESS PAYMENT
SOLUTIONS ACQUISITION CORPORATION
       
By:
/s/ Bipin C. Shah
   
Name: Bipin C. Shah
   
Title: Chief Executive Officer
       
INITIAL STOCKHOLDER:
       
By:
/s/ William M. Dougherty
   
Name: William M. Dougherty
   
Address:
       
CONTINENTAL STOCK TRANSFER &
 
TRUST COMPANY
       
By:
/s/ John W. Comer, Jr.
   
Name: John W. Comer, Jr.
   
Title:

 
22

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WITNESS the execution of this Agreement as of the date first above written.
 

 
UNIVERSAL BUSINESS PAYMENT
SOLUTIONS ACQUISITION CORPORATION
       
By:
/s/ Bipin C. Shah
   
Name: Bipin C. Shah
   
Title: Chief Executive Officer
       
INITIAL STOCKHOLDER:
       
By:
/s/ John W. Piasecki
   
Name: John W. Piasecki
   
Address:
       
CONTINENTAL STOCK TRANSFER &
 
TRUST COMPANY
       
By:
/s/ John W. Comer, Jr.
   
Name: John W. Comer, Jr.
   
Title:

 
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WITNESS the execution of this Agreement as of the date first above written.
 

 
UNIVERSAL BUSINESS PAYMENT
SOLUTIONS ACQUISITION CORPORATION
       
By:
/s/ Bipin C. Shah
   
Name: Bipin C. Shah
   
Title: Chief Executive Officer
       
INITIAL STOCKHOLDER:
       
By:
/s/ Valerie Phillips
   
Name: Valerie Phillips
   
Address:
       
CONTINENTAL STOCK TRANSFER &
 
TRUST COMPANY
       
By:
/s/ John W. Comer, Jr.
   
Name: John W. Comer, Jr.
   
Title:

 
24

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EXHIBIT A
 
Name and Address of
Initial Stockholder
 
Number
of Shares
 
Date of
Letter Agreement
Bipin Shah, 1100 Wyndon Avenue, Bryn Mawr, PA 19010
 
1,584,410
 
May 13, 2011
Peter Davidson 343 Lane, Downingtown, PA 19335
 
336,376
 
May 13, 2011
Frederick Hammer, 7743 S.E. Lake Shore Drive, FL 33455
 
39,675
 
May 13, 2011
Arthur Ryan, 2210 East Ocean Oaks Lane, Vero Beach FL, 32963
 
39,675
 
May 13, 2011
Robert Palmer, 3140 Appleton Road, Landenberg, PA 19350
 
39,675
 
May 13, 2011
Richard Braddock, 320 Park Avenue, Ste. 1600, New York, NY 10022
 
39,675
 
May 13, 2011
Jon Lubert, 2929 Arch St., 13th Floor, Philadelphia, PA 19104
 
207,000
 
May 13, 2011
Ira Lubert, 2929 Arch St., 13th Floor, Philadelphia, PA 19104
 
828,000
 
May 13, 2011
Douglas Anderson, 502 Cardinal Circle East, St. Marys, GA 31558
 
59,513
 
May 13, 2011
Douglas Rainey, 56 Leroy Avenue, Berlin, NJ 08009
 
17,250
 
May 13, 2011
Eric Van Der Vlugt, 515 S. Darien St., Philadelphia, PA 19147
 
43,125
 
May 13, 2011
Thomas McHugh, 15605 Cochester Road, Tampa, FL 33647
 
59,513
 
May 13, 2011
Dipak Shah, 207 Shinnecock Drive, Manalapan, NJ 07726
 
17,250
 
May 13, 2011
Anna Hassold, 1336 Wrenfield Way, Villanova, PA 19085
 
39,675
 
May 13, 2011
Roland Bullard, 1822 Pine St., Philadelphia, PA 19103
 
19,837
 
May 13, 2011
Fred R. Adams, c/o Cobblestone Management Inc., Suite 2030, 1300 Belmont St.,
Brockton, MA 02301
 
9,919
 
May 13, 2011
William Dougherty, 3701 N. 25th St., Arlington, VA 22207
 
5,951
 
May 13, 2011
John Piasecki, 1101 Wyndon Avenue, Bryn Mawr, PA 19010
 
3,968
 
May 13, 2011
Valerie Ogden Phillips, 452 W. Chestnut Hill Avenue, Philadelphia, PA 19118
  
59,513
  
May 13, 2011

 
25

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