Exhibit 10.32

EXECUTION COPY

EMPLOYMENT AGREEMENT

This EMPLOYMENT AGREEMENT (this “Agreement”), is made and entered into effective
as of November 18, 2019 (the “Effective Date”), by and between EVO Payments,
Inc, a Delaware corporation (the “Company”), and Thomas E. Panther
(“Executive”).

WHEREAS, the Company and Executive mutually desire to enter into this Agreement;

NOW THEREFORE, in consideration of the mutual covenants and agreements set forth
herein, and other good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged, the parties hereto agree as follows:

1. Term.  Executive’s employment will continue until his employment is
terminated in accordance with Section 5.  The period during which Executive is
employed under this Agreement is the “Employment Period”.

2. Position and Duties.  Executive shall be employed as the Executive Vice
President and Chief Financial Officer of the Company and shall assume the duties
inherent in such position, as well as such additional duties as may be
prescribed by the Company’s board of directors (the “Board”) or Chief Executive
Officer from time to time.  Executive shall report directly to the Chief
Executive Officer.  During the Employment Period, Executive shall devote his
full business time and attention to the faithful performance of his duties to
the Company and its affiliates.  Executive shall perform his duties,
responsibilities and functions to the Company and its affiliates to the best of
his ability in a diligent, trustworthy, professional and efficient manner and
shall comply with the Policies and Procedures in all material respects.  During
the Employment Period, Executive shall not serve as an officer or director of,
or otherwise perform services for compensation for, any other entity (other than
wholly owned subsidiaries of EVO Payments) without the prior written consent of
the Chief Executive Officer; provided that Executive may serve as an officer or
director of or otherwise participate in educational, welfare, social, religious
and civic organizations so long as such activities do not otherwise interfere
with Executive’s employment.

3. Compensation and Benefits.

3.1 Base Salary.  During the Employment Period, Executive’s base salary shall be
$375,000 per annum or such higher rate as the Board (or any duly authorized
committee thereof) may determine, from time to time (as adjusted from time to
time, the “Base Salary”).  Executive’s Base Salary shall be payable by the
Company in regular installments in accordance with the Company’s general payroll
practices in effect from time to time.

3.2 Bonus Plan.  In addition to Base Salary, Executive shall be eligible for an
annual cash bonus award (“Bonus”) with a target bonus of seventy-five percent
(75%) of Executive’s then current Base Salary (or such higher target bonus as
the Board (or any duly authorized committee thereof), may determine from time to
time).  Executive acknowledges and agrees that any such Bonus is not guaranteed
and is contingent upon Executive and the Company achieving the goals

set forth in a management cash bonus plan (“Bonus Plan”) to be adopted or
amended by the Board (or any duly authorized committee thereof) from time to
time.  Other than with respect to Executive’s target bonus percentage, Executive
shall participate in the Bonus Plan on the same terms as other senior executives
of the Company.  Executive shall not be eligible for any Bonus with respect to
calendar year 2019.

3.3 Equity Awards. 

(a) During the Employment Period, Executive shall be entitled to participate in
all of the Company’s employee benefit programs for which senior executive
employees of the Company and its affiliates are generally eligible.  Executive
shall be entitled to 25 days of paid vacation each calendar year in accordance
with the Company’s policies, which if not taken  during any year may not be
carried forward to any subsequent calendar year and no compensation shall be
payable in lieu thereof.

3.4 Location: Expenses.  Executive’s primary office shall be in Atlanta,
Georgia; provided, however, Executive shall be expected to travel as needed to
the Company’s other offices and locations, including international locations in
connection with the fulfillment of Executive’s duties hereunder.  The Company
shall reimburse Executive for all reasonable, ordinary and necessary documented
travel (other than commuting costs to Executive’s primary office location),
entertainment and other out-of-pocket expenses that Executive incurs on behalf
of the Company in the course of his employment hereunder in accordance with the
Company’s normal policies and provisions regarding such reimbursements.

4. Indemnification: Directors and Officers Insurance.  The Company shall
indemnify Executive pursuant to the terms of an indemnification agreement
between the Company and Executive entered into on or about the date hereof.  In
addition, during the Employment Period, the Company shall maintain customary
directors’ and officers’ liability insurance for the benefit of Executive; such
insurance to be on terms no less favorable than that provided for the benefit of
other senior executives and directors of the Company.

5. Termination of Employment.

5.1 Executive’s employment shall terminate upon the occurrence of any of the
following (as applicable, the “Termination Date”):

(a) At the election of the Company, for Cause, immediately upon written notice
by the Company to Executive.  For the purposes of this Section 5.1(a), a
termination shall be considered to be for “Cause” if it occurs in conjunction
with a determination by the Board that Executive has committed, engaged in, or
incurred either:

(i) a material breach any of his obligations under this Agreement which
Executive fails to cure within thirty (30) days following written notice from
the Board,

(ii) any material act of fraud, misappropriation, embezzlement or similar
dishonest or wrongful act in performing Executive’s duties for the Company,

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(iii) use of illegal drugs or alcohol to an extent which interferes with the
performance of Executive’s duties to the Company,

(iv) repeated failure (other than any such failure resulting from incapacity due
to physical or mental disability) to devote proper time and attention to the
business of the Company as required under the terms of this Agreement after a
written demand for proper time and attention is delivered to Executive by the
Board which specifically identifies the manner in which the Board believes that
Executive has not devoted proper time and attention to the business of the
Company,

(v) material and repeated failure (other than any such failure resulting from
incapacity due to physical or mental disability) to carry out the directions,
instructions, policies, rules, regulations or decisions of the Board after a
written notice of such failure is delivered to Executive by the Board which
specifically identifies the failure, or

(vi) conviction of a felony or any crime involving moral turpitude.

(b) Upon the death of Executive or thirty (30) days after the Disability of
Executive.  As used herein, the term “Disability” means the inability of
Executive, due to a physical or mental disability, to perform the essential
functions of his position, with or without reasonable accommodation.  A
determination of Disability shall be made by a physician satisfactory to both
Executive and the Company, provided that if Executive and the Company do not
agree on a physician, Executive and the Company shall each select a physician
and these two together shall select a third physician, whose determination as to
Disability shall be binding on all parties;

(c) At the election of Executive, without Good Reason, upon not less than ninety
(90) days’ prior written notice of termination;

(d) At the election of the Company, other than for Cause, upon not less than
ninety (90) days’ prior written notice; or

(e) At the election of Executive for Good Reason (as hereinafter defined) upon
written notice by Executive to the Company and subject to the Company’s right to
cure as set forth below.  “Good Reason” means the occurrence of any of the
following events without Executive’s prior written consent (which consent may be
withheld or granted by Executive in Executive’s sole discretion):  (i) a
material change in or diminution of the position, responsibilities or working
conditions of Executive’s employment as of the Effective Date, including any
change in the Company’s reporting structure in which Executive no longer reports
directly to the Chief Executive Officer, (ii) a relocation of Executive’s
principal office to any office or location other than Atlanta, Georgia, or (iii)
any reduction in Executive’s Base Salary or target percentage under the Bonus
Plan.  A termination by Executive shall not constitute termination for Good
Reason unless (x) Executive shall first have delivered to the Company written
notice setting forth with specificity the occurrence deemed to give rise to a
right to terminate for Good Reason (which notice must be given no later than
ninety (90) days after the initial occurrence of such event), (y) the Company
shall have thirty (30) days to cure, correct, rescind or otherwise substantially
reverse the occurrence supporting termination for Good Reason as identified by
Executive (the “Cure

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Period”), and (z) if the Company’s failed to cure, correct, rescind or otherwise
substantially reverse the occurrence supporting termination for Good Reason,
Executive actually resigns for Good Reason within thirty (30) days after the
expiration of the Cure Period.  Good Reason shall not include Executive’s death
or Disability.

5.2 Effect of Termination.

(a) Termination for Cause or at Election of Executive.  If Executive’s
employment is terminated for Cause pursuant to Section 5.1(a), or at the
election of Executive pursuant to Section 5.1(c), the Company shall pay to
Executive the compensation and benefits otherwise payable to him under Section 3
through the last day of his actual employment by the Company (the “Accrued
Benefits”).

(b) Termination for Death or Disability.  If Executive’s employment is
terminated by death or Disability pursuant to Section 5.1(6), the Company shall
pay to the estate of Executive the compensation and benefits which would
otherwise be payable to Executive up to the end of the month in which the
termination of employment because of death or Disability occurs.

(c) Termination at the Election of the Company without Cause or by Executive for
Good Reason.  If Executive’s employment is terminated at the election of the
Company pursuant to Section 5.1(d), or by Executive for Good Reason pursuant to
Section 5.1(e), and provided that Executive has executed the release attached
hereto as Exhibit A (the “Release”) and the revocation period for such release
has expired no later than sixty (60) days after the Termination Date, in
addition to the Accrued Benefits, the Company will pay to Executive (i)
severance in the amount equal to two times (2x) the Base Salary in effect as of
the date of termination, payable in twelve (12) substantially equal monthly
installments, commencing within sixty (60) days following the Termination Date
(provided that if the 60 day period after the Termination Date begins in one
calendar year and ends in a second calendar year, such payments will not
commence until the beginning of the second taxable year, and provided further,
that the first such installment payment will include all amounts that would
otherwise have been paid to Executive during the period beginning on the
Termination Date and ending on the first payment date if no delay had been
imposed), and (ii) a one-time payment in an amount equal to $50,000, which
approximates the cost of twelve (12) months of coverage under the Company’s
group health plan, payable in a lump sum within sixty (60) days after the
Termination Date (provided that if the 60 day period after the Termination Date
begins in one calendar year and ends in a second calendar year, payment will not
be made until the beginning of the second taxable year).

(d) Notice of Termination.  Any termination by the Company or Executive shall be
communicated by Notice of Termination to the other party hereto given in
accordance with Section 9.2 of this Agreement.  For purposes of this Agreement,
a “Notice of Termination” means a written notice that (i) indicates the specific
termination provision in this Agreement relied upon, (ii) to the extent
applicable, sets forth in reasonable detail the facts and circumstances claimed
to provide a basis for termination of Executive’s employment under the provision
so indicated, and (iii) if the Termination Date (as defined below) is other than
the date of receipt of such notice, specifies the termination date.  The failure
by Executive or the Company to set forth in the Notice of Termination any fact
or circumstance which contributes to a showing of Good Reason or Cause shall not
waive any right of Executive or the Company, respectively, hereunder or preclude

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Executive or the Company, respectively, from asserting such fact or circumstance
in enforcing Executive’s or the Company’s rights hereunder.

(e) Termination Date.  “Termination Date” means (i) if Executive’s employment is
terminated by the Company for Cause, the date of specified in the Notice of
Termination or if no date stated, the date of receipt of the Notice of
Termination, (ii) if Executive’s employment is terminated by the Company other
than for Cause or Disability, the date specified in the Notice of Termination
(which shall be not less than ninety (90) days after delivery of such notice,
but Executive may waive such notice), (iii) if Executive’s employment is
terminated by Executive, the date specified in Executive’s Notice of Termination
(which shall be not less than ninety (90) days after delivery of such notice,
but the Company may waive such notice), (iv) if Executive’s employment is
terminated by reason of death, the Termination Date shall be the date of death
of Executive, or (v) if Executive’s employment is terminated by reason of
Disability, the Termination Date shall be the thirtieth (30th) day after
Disability of Executive has been established.

(f) Compliance with Restrictive Covenants.  Executive hereby agrees that any
payments promised or made under this Section 5 beyond the Accrued Benefits are
subject to Executive’s compliance with Section 6.

6. Restrictive Covenants.

6.1 Non-Competition.  For purposes of this Section 6.1, the following terms have
the meanings given below:

(i) “Restricted Period” means the Employment Period and a period of twenty-four
(24) months following the termination of Executive’s employment for any reason,
including without limitation, termination by the Company without Cause or by
Executive for Good Reason.

(ii) “Competitor” means any entity or person engaged directly or indirectly in
any business (including any division, group or franchise of a larger
organization) that competes with the business of Company or any subsidiary or
entity in which the Company owns, directly or indirectly, any equity interest,
in each case as previously conducted, currently conducted or currently planned
to be conducted.

The parties acknowledge that:  (1) Executive’s services under this Agreement
require special expertise and talent in the provision of services and that
Executive will have substantial contact with, among others, customers,
suppliers, partners, advertisers and vendors of the Company and its affiliates,
(2) pursuant to this Agreement, Executive will be placed in a position of trust
and responsibility and will have access to a substantial amount of confidential
information and trade secrets and that the Company is placing him in such
position and giving him access to such information in reliance upon his
agreement not to compete with the Company during the Restricted Period, (3) due
to his management duties, Executive will be the repository of a substantial
portion of the goodwill of the Company and would have an unfair advantage in
competing with the Company, (4) due to Executive’s special experience and
talent, the loss of Executive’s services to the Company under this Agreement
cannot reasonably or adequately be

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compensated solely by damages in an action at law, (5) Executive is capable of
competing with the Company, and (6) Executive is capable of obtaining gainful,
lucrative and desirable employment that does not violate the restrictions
contained in this Agreement.  In consideration of the compensation and benefits
being paid and to be paid by the Company to Executive hereunder, Executive
hereby agrees that, during the Restricted Period, Executive will not, without
prior written consent of the Company, directly or indirectly, own any interest
in, manage, control, participate in (whether as an officer, employee, partner,
investor, financing source, representative or otherwise), consult with, render
services to, for or on behalf of, any Competitor in any geographic area in which
the Company or any entity in which the Company owns, directly or indirectly, an
equity interest, conducts business during the Employment Period (including, but
not limited to, the geographic area in which Executive is working, or for which
Executive has direct responsibility, as of the date of termination of
Executive’s employment); provided, however, that the provisions of this Section
6.1 shall not be deemed to prohibit Executive from being a passive owner of not
more than three percent (3%) of any class of securities of any Competitor having
a class of securities registered pursuant to the Securities Exchange Act of
1934, as amended.

6.2 Non-Solicitation.  During the Employment Period and a period of thirty-six
(36) months following the termination of Executive’s employment for any reason,
Executive  shall not, directly or indirectly, (i) induce or attempt to induce
any employee of the Company or any affiliate to leave the employ of the Company
or such affiliate, or in any way interfere with the relationship between the
Company or any affiliate and any employee thereof; provided, however, the
foregoing shall not prohibit Executive from making general solicitations by use
of general advertisements not specifically targeted toward the Company or any of
its affiliates, (ii) hire any person who was an employee of the Company or any
affiliate at any time during the eighteen (18) month period prior to the
termination of the Employment Period, other than any person responding to
general solicitations permitted under the preceding clause (i), or (iii) induce
or attempt to induce any customer, merchant, supplier, licensee, licensor,
franchisee or other business relation of the Company or any affiliate to cease
doing business with the Company or such affiliate, or in any way interfere with
the relationship between any such customer, merchant, supplier, licensee or
business relation and the Company or any affiliate.

6.3 Confidential Information.  Executive acknowledges that his duties include
the preparation and development of proprietary materials for the Company and its
affiliates.  Executive agrees that any materials developed by him during the
course of his employment shall be the property of the Company, and the Company
will solely retain and own all rights in such materials.  Executive further
acknowledges that in connection with his employment he has had and will have
access to non-public information and materials concerning the business affairs
of the Company and its affiliates.  Executive shall hold in a fiduciary capacity
for the benefit of the Company and its affiliates all information, knowledge and
data relating to or concerned with the operations, products, services, sales,
business, and affairs of the Company and its affiliates, and he shall not, at
any time during the Employment Period or any time thereafter, use, disclose or
divulge any such information, knowledge or data to any person, firm or
corporation other than to the Company or its designees and employees or except
as may otherwise be required in connection with the business and affairs of the
Company and its affiliates; provided, however, Executive may disclose or divulge
such information, knowledge or data that (i) was known to Executive at the
commencement of his employment with the Company (including pursuant to any
consulting arrangement with the Company or its affiliates prior to the
commencement of his employment);

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(ii) is or becomes generally available to the public through no wrongful act on
Executive’s part; (iii) becomes available to Executive from a person or entity
other than the Company through no wrongful act of such other person or entity;
or (iv) to the extent required by law or valid legal process, however, Executive
in such instance shall not produce or disclose any such confidential
information, knowledge or data without first providing the Company with prior
notice thereof, except as set forth in Section 6.6 of this Agreement.

6.4 Non-Disparagement. 

6.5 Inventions and Discoveries.

(i) Executive shall promptly and fully disclose to the Company, and with all
necessary detail for a complete understanding of the same, all developments,
know-how, discoveries, inventions, improvements, concepts, ideas, writings,
formulae, programs, processes and methods (whether copyrightable, patentable or
otherwise) made, received, conceived, acquired or written by Executive (whether
or not at the request or suggestion of the Company) during the period of his
employment with the Company or any of its affiliates, solely or jointly with
others, in or relating to any activities of the Company or any of its affiliates
(the “Subject Matter”).

(ii) Executive hereby assigns and transfers, and agrees to assign and transfer,
to the Company, all his rights, title and interest in and to the Subject Matter,
and further agrees to deliver to the Company any and all drawings, notes,
software, code, specifications and data relating to the Subject
Matter.  Executive shall assist the Company in obtaining such copyrights or
patents during the term of this Agreement, and to testify in any prosecution or
litigation involving any of the Subject Matter.

6.6 Permitted Disclosures.

(i) Protected Rights.  Nothing contained in this Agreement limits Executive’s
ability to file a charge or complaint with the Equal Employment Opportunity
Commission, the National Labor Relations Board, the Occupational Safety and
Health Administration, the Securities and Exchange Commission, the Financial
Industry Regulatory Authority (FINRA), or any other federal, state or local
governmental agency or commission (collectively, “Government Agencies”), or
prevents Executive from providing truthful testimony in response to a lawfully
issued subpoena or court order.  Further, this Agreement does not limit
Executive’s ability to communicate with any Government Agencies or otherwise
participate in any investigation or proceeding that may be conducted by any
Government Agency, including providing documents or other information, without
notice to the Company.

(ii) Limited Trade Secret Immunity.  Executive is hereby notified that under the
Defend Trade Secrets Act:  (A) no individual will be held criminally or civilly
liable under federal or state trade secret law for disclosure of a trade secret
(as defined in the Economic Espionage Act) that is:  (1) made in confidence to a
federal, state, or local government official, either directly or indirectly, or
to an attorney, and made solely for the purpose of reporting or investigating a
suspected violation of law, or (2) made in a complaint or other document filed
in a lawsuit or other proceeding, if such filing is made under seal so that it
is not made public; and (B) an individual who pursues a lawsuit for retaliation
by an employer for reporting a suspected

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violation of the law may disclose the trade secret to the attorney of the
individual and use the trade secret information in the court proceeding, if the
individual files any document containing the trade secret under seal, and does
not disclose the trade secret, except as permitted by court order.

6.7 Reasonableness of Restrictive Covenants.  Executive acknowledges that the
restrictions set forth in this Section 6 are reasonable and properly required
for the adequate protection of Company and its affiliates and their respective
businesses.  In the event any aspect of any such restriction is deemed to be
unreasonable by a court or arbitrator of competent jurisdiction, each party
hereby agrees to such modification(s) as may be necessary in order to be
reasonable, as determined by the court or arbitrator.

6.8 Remedies for Breach by Executive.  Notwithstanding any provision contained
in this Agreement to the contrary, Executive acknowledges that damages in an
action at law for breach of any of the provisions of this Section 6 will be
difficult to determine and will not afford a full and adequate remedy, and
accordingly, in addition to seeking damages in an action at law, Company shall
be entitled to specific performance and such other equitable or legal remedies
as may be available in the event of any such breach by Executive, including,
without limitation, the issuance of a temporary or permanent injunction, without
posting bond or other security.  In addition, the Restricted Period will be
tolled during any period of time in which Executive is in breach of any of the
provisions set forth in Sections 6.1 and 6.2; provided, that the Restricted
Period will not be tolled for a total of more than one year.

7. Representations.  Executive represents and warrants to the Company that (i)
the Executive has the legal right to enter into this Agreement and to perform
all of the obligations on the Executive’s part to be performed hereunder in
accordance with its terms, and (ii) Executive is not a party to any agreement or
understanding, written or oral, and is not subject to any restriction, which, in
either case, could prevent the Executive from entering into this Agreement or
performing all of Executive’s duties and obligations hereunder.

8. Company Policies and Procedures.  Executive shall comply with all Company
policies and procedures (“Policies and Procedures”) as the same may be adopted,
amended or promulgated by the Company from time to time.  To the extent of any
conflict between the terms of this Agreement and the Policies and Procedures,
this Agreement shall control.

9. Code Section 409A.

9.1 General.  This Agreement shall be interpreted and administered in a manner
so that any amount or benefit payable hereunder shall be paid or provided in a
manner that is either exempt from or compliant with the requirements Section
409A of the Internal Revenue Code of 1986, as amended (the “Code”) and
applicable Internal Revenue Service guidance and Treasury Regulations issued
thereunder.  Nevertheless, the tax treatment of the benefits provided under the
Agreement is not warranted or guaranteed.  Neither the Company nor its
directors, officers, employees or advisers (other than Executive) shall be held
liable for any taxes, interest, penalties or other monetary amounts owed by
Executive as a result of the application of Section 409A of the Code.

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9.2 Definitional Restrictions.  Notwithstanding anything in this Agreement to
the contrary, to the extent that any amount or benefit that would constitute
non-exempt “deferred compensation” for purposes of Section 409A of the Code
(“Non-Exempt Deferred Compensation”) would otherwise be payable or distributable
hereunder, or a different form of payment of such Non-Exempt Deferred
Compensation would be effected, by reason of Executive’s Disability or
termination of employment, such Non-Exempt Deferred Compensation will not be
payable or distributable to Executive, and/or such different form of payment
will not be effected, by reason of such circumstance unless the circumstances
giving rise to such Disability or termination of employment, as the case may be,
meet any description or definition of “disability” or “separation from service”,
as the case may be, in Section 409A of the Code and applicable regulations
(without giving effect to any elective provisions that may be available under
such definition).  This provision does not affect the dollar amount or prohibit
the vesting of any Non-Exempt Deferred Compensation upon Disability or
termination of employment, however defined.  If this provision prevents the
payment or distribution of any Non-Exempt Deferred Compensation, or the
application of a different form of payment, such payment or distribution shall
be made at the time and in the form that would have applied absent the non-
409A- conforming event.

9.3 Six-Month Delay in Certain Circumstances.  Notwithstanding anything in this
Agreement to the contrary, if any amount or benefit that would constitute
Non-Exempt Deferred Compensation would otherwise be payable or distributable
under this Agreement by reason of Executive’s separation from service during a
period in which he is a “specified employee” for purposes of Section 409A of the
Code, then, subject to any permissible acceleration of payment by the Company
under applicable regulations:  (i) the amount of such Non-Exempt Deferred
Compensation that would otherwise be payable during the six-month period
immediately following Executive’s separation from service will be accumulated
through and paid or provided on the first day of the seventh month following
Executive’s separation from service (or, if Executive dies during such period,
within thirty (30) days after Executive’s death) (in either case, the “Required
Delay Period”); and (ii) the normal payment or distribution schedule for any
remaining payments or distributions will resume at the end of the Required Delay
Period.

9.4 Treatment of Installment Payments.  Each payment of termination benefits
under Section 5.2 of this Agreement, including, without limitation, each
installment payment under Section 5.2, shall be considered a separate payment,
as described in Treas. Reg. Section 1.409A- 2(b)(2), for purposes of Section
409A of the Code.

9.5 Timing of Release of Claims.  Whenever in this Agreement a payment or
benefit is conditioned on Executive’s execution of a release of claims, such
release must be executed and all revocation periods shall have expired within
sixty (60) days after the Termination Date; failing which such payment or
benefit shall be forfeited.  If such payment or benefit constitutes Non-Exempt
Deferred Compensation, and if such 60-day period begins in one calendar year and
ends in the next calendar year, the payment or benefit shall not be made or
commence before the second such calendar year, even if the release becomes
irrevocable in the first such calendar year.

9.6 Timing of Reimbursements and In-kind Benefits.  If Executive is entitled to
be paid or reimbursed for any taxable expenses under this Agreement and such
payments or reimbursements are includible in Executive’s federal gross taxable
income, the amount of such expenses reimbursable in any one calendar year shall
not affect the amount reimbursable in any

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other calendar year, the reimbursement of an eligible expense must be made no
later than December 31 of the year after the year in which the expense was
incurred, and such right to reimbursement shall not be subject to liquidation or
exchange for another benefit.

9.7 Permitted Acceleration.  The Company shall have the sole authority to make
any accelerated distribution permissible under Treas. Reg. Section
1.409A-3(j)(4) to Executive of deferred amounts, provided that such distribution
meets the requirements of Treas. Reg. Section 1.409A-3(j)(4).

10. Miscellaneous.

10.1 Complete Agreement; Survival.  This Agreement embodies the complete
agreement and understanding between Executive and the Company and supersedes and
preempts any prior understandings, agreements or representations by or between
the parties, written or oral, which may have related to the subject matter
hereof in any way, including, without limitation, the Prior Agreement.  The
provisions set forth in Sections 4, 5, 6, 9 and 10 of this Agreement shall
survive any termination of Executive’s employment.

10.2 Notices.  Any notice under this Agreement must be in writing and will be
deemed to have been given when personally delivered or mailed by first-class
mail or overnight delivery to the recipient at his or its last known address.

10.3 Severability.  Whenever possible, each provision of this Agreement will be
interpreted in such manner as to be effective and valid under applicable
law.  If any provision of this Agreement is held to be invalid, illegal or
unenforceable in any respect under any applicable law in any jurisdiction, such
invalidity, illegality or unenforceability will not affect any other provision
or the interpretation of this Agreement in any other jurisdiction.

10.4 Governing Law.  The provisions of this Agreement shall be construed and
enforced in accordance with the internal, substantive laws of the State of
Georgia, without regards to the principles of conflicts of laws thereof.

10.5 Successors and Assigns.  The services and duties to be performed by
Executive hereunder are personal and may not be assigned.  This Agreement will
be binding upon and inure to the benefit of the Company, its successors and
assigns, and Executive, and his heirs and representatives.  The Company may
assign this Agreement to a successor, an affiliate or a successor in interest to
its activities, provided that any such assignee affirmatively adopts and agrees
to fulfill all obligations to Executive hereunder.

10.6 Waiver.  Failure by either party to insist upon strict adherence to any one
or more of the provisions of this Agreement on one or more occasions will not be
construed as a waiver, nor will it deprive that party of the right to require
strict compliance thereafter.

10.7 Amendments.  No amendment hereof, or waivers or releases of obligations or
liabilities hereunder, will be effective unless agreed to in writing by the
parties hereto.

10.8 Dispute Resolution.  If a dispute arises out of or in connection with this
Agreement, including, without limitation, any dispute regarding its validity or
termination, or the performance

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or breach thereof, the parties shall meet promptly, and in good faith, in an
effort to resolve the dispute.  If the parties have not resolved their dispute
within twenty (20) days after their first meeting, the parties shall submit to
non-binding mediation by a single mediator to be administered by Judicial
Arbitration and Mediation Services (“JAMS”) under its Rules of Practice and
Procedure (“JAMS Rules”) in effect at the time of such proceeding.  The parties
shall attempt to mutually agree on the selection of a mediator from the JAMS
panel of neutrals, and if the parties cannot mutually agree, then Executive and
the Company shall each appoint a neutral party who shall then mutually agree on
a mediator.  The place of the mediation shall be Atlanta, Georgia, and each of
the parties shall pay their own costs and expenses of mediation (including legal
fees) and the cost of the mediator and any JAMS administrative and filing fees
shall be shared equally by the parties.  At no time prior to the conclusion of
the mediation shall either party commence litigation related to this Agreement
except to pursue a provisional remedy that is authorized by law or by JAMS
Rules.  If the dispute is not resolved by mediation as set forth above, the
parties may avail themselves of any remedy available at law or in equity,
including seeking resolution of the dispute by commencing litigation.  Any
lawsuit arising out of or relating to this Agreement shall be commenced in a
Court of competent jurisdiction located in Atlanta, Georgia, and each party
consents and submits to the exclusive jurisdiction of the Courts (state and
federal) located in Fulton County, State of Georgia in connection with any
dispute or controversy arising under or related to this Agreement or its subject
matter.  The prevailing party in any such litigation shall be entitled to
recover from the other party its reasonable costs and expenses (including
reasonable legal fees) incurred in connection with the litigation.

10.9 No Challenge.  Notwithstanding any provision of this Agreement to the
contrary, Executive covenants and agrees that Executive will not (i) file any
claim, lawsuit, demand for arbitration, or other proceeding challenging the
validity or enforceability of any provision of this Agreement, or (ii) raise, as
a defense, the validity or enforceability of any provision of this Agreement, in
any claim, lawsuit, arbitration or other proceeding.  Should Executive violate
any aspect of this Section, Executive agrees (A) that, in the case of a breach
of clause (i) of the preceding sentence, such claim, lawsuit, demand for
arbitration, or other proceeding shall be summarily withdrawn and/or dismissed;
(B) that Executive will pay all costs and damages incurred by the Company and
its affiliates in responding to or as a result of such claim, lawsuit, demand
for arbitration, or other proceeding (including reasonable attorneys’ fees), or
such defense, as the case may be; (C) that Executive will immediately forfeit
any right to receive any severance or other payments under Section 5 of this
Agreement (other than Accrued Benefits); and (d) that Executive will immediately
repay any such payments or distributions that were received by Executive under
Section 5 after the Termination Date (other than Accrued Benefits).

10.10 Counterparts.  This Agreement may be executed in two or more counterparts,
all of which taken together shall constitute one instrument.

(signatures on following page)

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IN WITNESS WHEREOF, the parties have executed this Employment Agreement
effective as of the date first above written.

EVO Payments, Inc.

By:/s/ James G. Kelly
Name:  James G. Kelly
Title:  Chief Executive Officer

EXECUTIVE

By:/s/ Thomas E. Panther
Thomas E. Panther

 

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EXHIBIT A

GENERAL RELEASE

I, Thomas E. Panther, in consideration of the severance payments to be paid to
me pursuant to Section 5 of the Employment Agreement, dated as of November 18,
2019, between EVO Merchant Services, LLC (the “Company”) and me (the
“Agreement”), do hereby release and forever discharge as of the date hereof the
Company and its affiliates and all present, former and future managers, members,
owners, directors, officers, employees, agents, insurers, employee benefit plans
and fiduciaries, trustees, successors and assigns of the Company and its
affiliates and direct or indirect owners (collectively, the “Released Parties”)
to the extent provided below (this “General Release”).  The Released Parties are
intended to be third-party beneficiaries of this General Release, and this
General Release may be enforced by each of them in accordance with the terms
hereof in respect of the rights granted to such Released Parties
hereunder.  Terms used herein but not otherwise defined shall have the meanings
given to them in the Agreement.

1. I understand that any payments or benefits paid or granted to me under
Section 5 of the Agreement represent, in part, consideration for signing this
General Release and are not salary, wages or benefits to which I was already
entitled.  I understand and agree that I will not receive certain of the
payments and benefits specified in Section 5 of the Agreement unless I execute
this General Release and do not revoke this General Release within the time
period permitted hereafter.  Such payments and benefits will not be considered
compensation for purposes of any employee benefit plan, program, policy or
arrangement maintained or hereafter established by the Company or its
affiliates.

2. Except as provided in paragraphs 4 and 5 below and except for the provisions
of the Agreement which expressly survive the termination of my employment with
the Company, I knowingly and voluntarily (for myself, my heirs, executors,
administrators and assigns) release and forever discharge the Company and the
other Released Parties from any and all claims, suits, controversies, actions,
causes of action, cross-claims, counter-claims, demands, debts, compensatory
damages, liquidated damages, punitive or exemplary damages, other damages,
claims for costs and attorneys’ fees, or liabilities of any nature whatsoever in
law and in equity, both past and present (through the date that this General
Release becomes effective and enforceable) and whether known or unknown,
suspected, or claimed against the Company or any of the Released Parties which
I, my spouse, or any of my heirs, executors, administrators or assigns, may
have, which arise out of or are connected with my employment with, or my
separation or termination from, the Company (including, but not limited to, any
allegation, claim or violation, arising under any of the following laws, as
amended from time to time:  Title VII of the Civil Rights Act of 1964; the Civil
Rights Act of 1991; the Age Discrimination in Employment Act of 1967 (including
the Older Workers Benefit Protection Act); the Equal Pay Act of 1963; the
Americans with Disabilities Act of 1990; the Family and Medical Leave Act of
1993; the Worker Adjustment Retraining and Notification Act; the Employee
Retirement Income Security Act of 1974; any applicable Executive Order Programs;
the Fair Labor Standards Act; the Georgia Age Discrimination Act; the Georgia
Equal Employment of Persons with Disabilities Code; the Georgia Sex
Discrimination in Employment Act; the Code of Ordinances for each and every
Georgia City and/or County; or under any other federal, state or local civil or
human rights law, or under any other local, state, or federal law, regulation or
ordinance; or under any public policy,

A-1

 

contract or tort, or under common law; or arising under any policies, practices
or procedures of the Company; or any claim for wrongful discharge, breach of
contract, infliction of emotional distress, defamation; or any claim for costs,
fees, or other expenses, including attorneys’ fees incurred in these matters)
(all of the foregoing collectively referred to herein as the “Claims”).

3. I represent that I have made no assignment or transfer of any right, claim,
demand, cause of action, or other matter covered by paragraph 2 above.

4. I agree that this General Release does not waive or release any rights or
claims that I may have under the Age Discrimination in Employment Act of 1967
which arise after the date I execute this General Release.  I acknowledge and
agree that my separation from employment with the Company shall not serve as the
basis for any claim or action (including, without limitation, any claim under
the Age Discrimination in Employment Act of 1967).

5. I agree that I hereby waive all rights to sue or obtain equitable, remedial
or punitive relief from any or all Released Parties of any kind whatsoever in
respect of any Claim, including, without limitation, reinstatement, back pay,
front pay, and any form of injunctive relief.  Notwithstanding the above, I
further acknowledge that I am not waiving and am not being required to waive any
right that cannot be waived under law, including the right to file an
administrative charge or participate in an administrative investigation or
proceeding; provided,  however, that I disclaim and waive any right to share or
participate in any monetary award resulting from the prosecution of such charge
or investigation or proceeding, with the exception of any right to receive an
award for information provided to the Securities and Exchange
Commission.  Additionally, I am not waiving (i) any right to the Accrued
Benefits or any severance benefits to which I am entitled under the Agreement,
(ii) any claim relating to directors’ and officers’ liability insurance coverage
or any right of indemnification under the Company’s organizational documents or
otherwise, or (iii) my rights as an equity or security holder in the Company or
its affiliates.

6. In signing this General Release, I acknowledge and intend that it shall be
effective as a bar to each and every one of the Claims hereinabove mentioned or
implied.  I expressly consent that this General Release shall be given full
force and effect according to each and all of its express terms and provisions,
including those relating to unknown and unsuspected Claims (notwithstanding any
state or local statute that expressly limits the effectiveness of a general
release of unknown, unsuspected and unanticipated Claims), if any, as well as
those relating to any other Claims hereinabove mentioned or implied.  I
acknowledge and agree that this waiver is an essential and material term of this
General Release and that without such waiver the Company would not have agreed
to the terms of the Agreement.  I further agree that in the event I should bring
a Claim seeking damages against the Company, or in the event I should seek to
recover against the Company in any Claim brought by a governmental agency on my
behalf, this General Release shall serve as a complete defense to such Claims to
the maximum extent permitted by law.  I further agree that I am not aware of any
pending claim of the type described in paragraph 2 above as of the execution of
this General Release.

7. I agree that neither this General Release, nor the furnishing of the
consideration for this General Release, shall be deemed or construed at any time
to be an admission by the Company, any Released Party or myself of any improper
or unlawful conduct.

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8. I agree that if I violate this General Release by suing the Company or the
other Released Parties, I will pay all costs and expenses of defending against
the suit incurred by the Released Parties, including reasonable attorneys’ fees.

9. I agree that this General Release and the Agreement are confidential and
agree not to disclose any information regarding the terms of this General
Release or the Agreement, except to my immediate family and any tax, legal or
other counsel I have consulted regarding the meaning or effect hereof or as
required by law, and I will instruct each of the foregoing not to disclose the
same to anyone.

10. Nothing contained in this General Release limits my ability to file a charge
or complaint with the Equal Employment Opportunity Commission, the National
Labor Relations Board, the Occupational Safety and Health Administration, the
Securities and Exchange Commission, the Financial Industry Regulatory Authority
(FINRA), or any other federal, state or local governmental agency or commission
(collectively, “Government Agencies”), or prevents me from providing truthful
testimony in response to a lawfully issued subpoena or court order.  Further,
this General Release does not limit my ability to communicate with any
Government Agencies or otherwise participate in any investigation or proceeding
that may be conducted by any Government Agency, including providing documents or
other information, without notice to the Company.

11. I hereby acknowledge that Sections 4, 5, 6, 9 and 10 of the Agreement shall
survive my execution of this General Release.

12. I represent that I am not aware of any claim by me other than the claims
that are released by this General Release.  I acknowledge that I may hereafter
discover claims or facts in addition to or different than those which I now know
or believe to exist with respect to the subject matter of the release set forth
in paragraph 2 above and which, if known or suspected at the time of entering
into this General Release, may have materially affected this General Release and
my decision to enter into it.  This General Release shall nevertheless be and
remain effective in all respects, notwithstanding such different or additional
claims or facts, or the discovery thereof.

13. Notwithstanding anything in this General Release to the contrary, this
General Release shall not relinquish, diminish, or in any way affect any rights
or claims arising out of any breach by the Company or by any Released Party of
the Agreement after the date hereof.

14. Whenever possible, each provision of this General Release shall be
interpreted in, such manner as to be effective and valid under applicable law,
but if any provision of this General Release is held to be invalid, illegal or
unenforceable in any respect under any applicable law or rule in any
jurisdiction, such invalidity, illegality or unenforceability shall not affect
any other provision or any other jurisdiction, but this General Release shall be
reformed, construed and enforced in such jurisdiction as if such invalid,
illegal or unenforceable provision had never been contained herein.

A-3

 

BY SIGNING THIS GENERAL RELEASE, I REPRESENT AND AGREE THAT:

I HAVE READ IT CAREFULLY;

I UNDERSTAND ALL OF ITS TERMS AND KNOW THAT I AM GIVING UP IMPORTANT RIGHTS,
INCLUDING BUT NOT LIMITED TO, RIGHTS UNDER THE AGE DISCRIMINATION IN EMPLOYMENT
ACT OF 1967, AS AMENDED, TITLE VII OF THE CIVIL RIGHTS ACT OF 1964, AS AMENDED;
THE EQUAL PAY ACT OF 1963, THE AMERICANS WITH DISABILITIES ACT OF 1990; AND THE
EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED; THE GEORGIA AGE
DISCRIMINATION ACT, THE GEORGIA EQUAL EMPLOYMENT OF PERSONS WITH DISABILITIES
CODE, THE GEORGIA SEX DISCRIMINATION IN EMPLOYMENT ACT, THE GEORGIA WAGE PAYMENT
ACT, THE GEORGIA FAIR EMPLOYMENT PRACTICES ACT, AND THE CODE OF ORDINANCES FOR
EACH AND EVERY GEORGIA CITY AND/OR COUNTY;

I VOLUNTARILY CONSENT TO EVERYTHING IN IT;

I HAVE BEEN ADVISED TO CONSULT WITH AN ATTORNEY BEFORE EXECUTING IT AND I HAVE
DONE SO OR, AFTER CAREFUL READING AND CONSIDERATION, I HAVE CHOSEN NOT TO DO SO
OF MY OWN VOLITION;

I HAVE HAD AT LEAST [21] [45] DAYS FROM THE DATE OF MY RECEIPT OF THIS RELEASE
TO CONSIDER IT, AND THE CHANGES MADE SINCE MY RECEIPT OF THIS RELEASE ARE NOT
MATERIAL OR WERE MADE AT MY REQUEST AND WILL NOT RESTART THE REQUIRED
[21][45]-DAY PERIOD;

I UNDERSTAND THAT I HAVE SEVEN (7) DAYS AFTER THE EXECUTION OF THIS RELEASE TO
REVOKE IT AND THAT THIS RELEASE SHALL NOT BECOME EFFECTIVE OR ENFORCEABLE UNTIL
THE REVOCATION PERIOD HAS EXPIRED;

I HAVE SIGNED THIS GENERAL RELEASE KNOWINGLY AND VOLUNTARILY AND WITH THE ADVICE
OF ANY COUNSEL RETAINED TO ADVISE ME WITH RESPECT TO IT; AND

I AGREE THAT THE PROVISIONS OF THIS GENERAL RELEASE MAY NOT BE AMENDED, WAIVED,
CHANGED OR MODIFIED EXCEPT BY AN INSTRUMENT IN WRITING SIGNED BY AN AUTHORIZED
REPRESENTATIVE OF THE COMPANY AND BY ME.

SIGNED:DATED:

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