Exhibit 4.1


 


WAIVER AND AMENDMENT TO GLOBAL AXCESS
LOAN AND SECURITY AGREEMENTS


 


This WAIVER AND
AMENDMENT TO GLOBAL AXCESS LOAN AND SECURITY AGREEMENTS ("Amendment") is dated as of August 13, 2012, and is entered
into by and among Global Axcess Corp. a Nevada corporation, Nationwide Money Services, Inc., a Nevada corporation, Nationwide Ntertainment
Services, Inc., a Nevada corporation, and EFT Integration, Inc., a Florida corporation (collectively, the "Borrowers"
and each individually a "Borrower"), and Fifth Third Bank ("Lender").


 


WHEREAS, Borrowers and
Lender are parties to (i) that certain Loan and Security Agreement dated June 18, 2010 (as amended, supplemented or otherwise modified
from time to time, the "Initial Loan Agreement"), (ii) that certain Global Axcess 2011 Loan and Security Agreement
dated September 28, 2011 (the "2011-A Loan Agreement"), (iii) that certain Global Axcess 2011-B Loan and Security
Agreement dated November 23, 2011 (the "2011-B Loan Agreement"), and (iv) that certain Global Axcess 2011-C Loan and
Security Agreement dated December 29, 2011, by and among Borrowers and Lender (the "2011-C Loan Agreement"; together
with the Initial Loan Agreement, the 2011-A Loan Agreement, and the 2011-B Loan Agreement, collectively, the "Loan Agreements");


 


WHEREAS, Borrowers have
advised Lender that the Events of Default set forth on Exhibit A attached hereto have occurred (collectively, the "Existing
Defaults"); and


 


WHEREAS, Borrowers
have requested, and Lender has agreed, to waive the Existing Defaults, subject to the terms and conditions set forth herein.


 


NOW THEREFORE, in consideration
of the mutual conditions and agreements set forth in the Loan Agreements and this Amendment, and other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:


 


1.          Definitions.
Capitalized terms used in this Amendment, unless otherwise defined herein, shall have the meanings ascribed to such terms in the
Loan Agreement.


 


2.          Waiver.
Subject to and effective upon the satisfaction of all conditions set forth in Section 6 hereof and in reliance upon the representations
and warranties set forth in Section 7 hereof, Lender hereby waives the Existing Defaults. This is a limited waiver, and shall
not be deemed to constitute a waiver of any other Event of Default, term, provision or condition of the Loan Agreements or any
other Loan Documents or to prejudice any right or remedy that Lender may now have or may have in the future under or in connection
with the Loan Agreements or any other Loan Document.


 



    	 



    	 



    

 


3.          Acknowledgements.


 


(a)        Acknowledgment
of Obligations. Borrowers hereby acknowledge, confirm and agree that, as of the close of business on August 9, 2012, (i) 
Borrowers are indebted to Lender in respect of the Loans under the Initial Loan Agreement in the aggregate principal amount of
$3,259,782.65, (ii) Borrowers are indebted to Lender in respect of the Loans under the 2011-A Loan Agreement in the aggregate
principal amount of $517,042.79, (iii) Borrowers are indebted to Lender in respect of the Loans under the 2011-B Loan Agreement
in the aggregate principal amount of $916,416.11, and (iv) Borrowers are indebted to Lender in respect of the Loans under the 2011-C
Loan Agreement in the aggregate principal amount of $85,869.06. Borrowers hereby acknowledge, confirm and agree that all such obligations,
together with interest accrued and accruing thereon, and all fees, costs, expenses and other charges now or hereafter payable by
Borrowers to Lender, are unconditionally owing by Borrowers to Lender, without offset, defense or counterclaim of any kind, nature
or description whatsoever.


 


(b)        Acknowledgment
of Security Interests. Borrowers hereby acknowledge, confirm and agree that Lender has and shall continue to have valid, enforceable
and perfected first-priority liens upon and security interests in the Collateral heretofore granted to Lender pursuant to the Loan
Agreements and the other Loan Documents or otherwise granted to or held by Lender.


 


(c)        Binding
Effect of Documents. Each Borrower hereby acknowledges, confirms and agrees that: (i) each of the Loan Agreements and
the other Loan Documents to which it is a party has been duly executed and delivered to Lender by such Borrower, as applicable,
and each is and shall remain in full force and effect as of the date hereof except as modified pursuant hereto, (ii) the agreements
and obligations of Borrowers contained in such documents and in this Amendment constitute the legal, valid and binding Obligations
of Borrowers, enforceable against them in accordance with their respective terms, and Borrowers have no valid defense to the enforcement
of such Obligations, and (iii) Lender is and shall be entitled to the rights, remedies and benefits provided for under the
Loan Agreements, the Loan Documents and applicable law.


 


4.          Amendments.
The Loan Agreements are hereby amended as follows:


 


(a)        With
respect to each of the Loans under each of the Loan Agreements (other than with respect to Draw Loan No. 26), the terms of each
such Loan are hereby amended such that the principal payments otherwise due on August 1, 2012, shall be due and payable upon the
earlier of (i) maturity or acceleration of such Loans (in accordance with Loan Documents or applicable law), or (ii) such other
date that all other amounts of Obligations are to be paid in full.


 


(b)        With
respect to Draw Loan No. 26, the terms of such Loan are hereby amended such that the principal payment due on August 18, 2012,
shall be due and payable upon the earlier of (i) maturity or acceleration of such Loan (in accordance with Loan Documents or applicable
law), or (ii) such other date that all other amounts of Obligations are to be paid in full.


 


(c)        Notwithstanding
anything to the contrary in the Loan Documents, until all Obligations are indefeasibly paid in full in cash, Borrowers agree to
deliver to Lender, not later than the date that is forty-five (45) days following the end of each of Borrowers' fiscal quarters,
a certificate in form and substance acceptable to Lender that states Borrowers performance as compared to each of its financial
covenants set forth in the Loan Documents and that is certified as true and correct to the best knowledge of Borrowers' Chief Financial
Officer.


 



    	-2-



    	 



    

 


(d)        Section
13.8 of each of the Loan Agreements is hereby amended and restated in its entirety as follows:


 


13.8 Confidentiality.
The Borrowers and the Bank hereby agree and acknowledge that any and all information relating to the Borrowers which is (i) furnished
by the Borrowers to the Bank (or to any affiliate of the Bank), and (ii) non-public, confidential or proprietary in nature, shall
be kept confidential by the Bank or such affiliate in accordance with applicable law; provided, however that such information
and other credit information relating to the Borrowers may be distributed by the Bank or such affiliate to (a) the Bank's or such
affiliate's directors, officers, employees, attorneys, auditors and regulators, (b) upon the order of a court of competent jurisdiction
or other governmental agency having jurisdiction over the Bank or such affiliate, to any other party, or (c) subject to an agreement
containing provisions substantially the same as those in this Section, to any assignee of or participant in, or any prospective
assignee of or participant in, any of its rights or obligations under this Agreement, or any actual or prospective counterparty
(or its advisors) to any swap or derivative transaction relating to the Borrowers or their obligations.


 


(e)          The
notice address for Lender set forth in Section 13.17 of the each of the Loan Agreements is hereby replaced with the following address:


 


to the
Lender:


 


Fifth Third Bank

1000 Town Center Dr.,


Suite 1400


Southfield, Michigan 48075


Attn: Steve Englehart


 


with a copy to:


 


Goldberg Kohn Ltd


55 E. Monroe St, Suite 3300


Chicago, Illinois 60603


Attn: Jeremy M. Downs


Danielle Wildern Juhle


 


(f)          To
the extent that any of the other Loan Documents include notice information for the Lender, such notice information is hereby replaced
with the following:


 


to the
Lender:


 


Fifth Third Bank

1000 Town Center Dr.,


Suite 1400


Southfield, Michigan 48075


Attn: Steve Englehart


 


with a copy to:


 


Goldberg Kohn Ltd


55 E. Monroe St, Suite 3300


Chicago, Illinois 60603


Attn: Jeremy M. Downs


Danielle Wildern Juhle


 



    	-3-



    	 



    

 


5.           Covenants;
Other Agreements.


 


(a)          Waiver
and Amendment Fee. In consideration of Lender's agreements described herein, Borrowers agree to pay Lender, and shall be jointly
and severally liable for, a waiver and amendment fee in the aggregate amount of $100,000, which is hereby fully earned and due
to Lender but shall not be payable until the earlier of: (i) the date on which all Obligations of Borrowers to Lender are otherwise
being repaid in full in cash and (ii) December 1, 2012. 


 


(b)         Consultant.
On or before August 16, 2012, Borrowers shall retain a consultant ("Consultant") acceptable to Lender, pursuant
to an engagement agreement with terms and conditions (including, without limitation, the scope of engagement) that are satisfactory
to Lender. Borrowers (i) agree to fully cooperate with Consultant, (ii) authorize Consultant to provide to Lender such information
and reports from time to time with respect to Borrowers and their financial condition, business, assets, liabilities and prospects,
as Lender may request from time to time, and (iii) authorize Consultant to communicate directly with Lender and any consultant
retained by Lender, at such times and for such durations as Lender and any consultant of Lender may reasonably request. All fees
and expenses of Consultant shall be solely the responsibility of Borrowers and in no event shall Lender have any liability or responsibility
for the payment of any such fees or expenses, and Lender shall have no obligation or liability to Borrowers or any other person
by reason of any acts or omissions of Consultant.


 


(c)          Initial
Consultant Report. On or before August 31, 2012, Borrowers shall cause Consultant to deliver to Borrowers and Lender (i) a
written report prepared by Consultant summarizing Borrowers' current liquidity position, (ii) a 13-week budget in form and substance
satisfactory to Lender and (iii) a written analysis of strategic alternatives regarding full repayment of all obligations owing
to Lender and Lender's affiliates.


 


(d)         Collateral
Questionnaire. On or before August 31, 2012, Borrowers shall deliver to Lender a completed collateral questionnaire, the form
of which is attached hereto as Exhibit B, certified to the best knowledge of an officer of Borrowers.


 


(e)          Investment
Bankers Identification. On or before August 31, 2012, Borrowers shall deliver to Lender the identities of not less than three
(3) investment bankers, along with proposed terms of engagement (including, without limitation, as to fee structure and scope),
which Borrowers would be agreeable to retaining and engaging in connection with such strategic alternatives as the Consultant and/or
Borrower may identify that are acceptable to Lender.


 



    	-4-



    	 



    

 


(f)           Restricted
Payments. Unless consented to in writing by Lender, Borrowers shall not directly, or indirectly,
(i) make any distribution or dividend (including stock dividends), whether in cash or otherwise, to or for the benefit of
any of its equity holders, affiliates, subsidiaries, predecessors, directors, officers, agents or other representatives, (ii) make
any advances or loans, whether in cash or otherwise, to any of its equity holders or affiliates, (c) purchase or redeem any of
its equity interests or any warrants, options or other rights in respect thereof, (d) pay any management fees or similar fees
to any of its equity holders or any Affiliate thereof, (e) pay or prepay interest on, principal of, premium, if any, redemption,
conversion, exchange, purchase, retirement, defeasance, sinking fund or any other payment in respect of any subordinated debt,
or (f) set aside funds for any of the foregoing.


 


6.           Representations
and Warranties of Borrowers. As a material inducement to Lender to enter into this Amendment, each Borrower hereby represents
and warrants to Lender, that both before and after giving effect to the consummation of the transactions contemplated hereby as
follows:


 


(a)         Authorization.
The execution, delivery and performance of this Amendment has been duly authorized by all requisite corporate action on the part
of each Borrower; and


 


(b)         No
Default. After giving effect to the waiver herein, no Default or Event of Default has occurred and is continuing.


 


7.          Miscellaneous.


 


(a)        Additional
Events of Default. The parties hereto acknowledge, confirm and agree that any misrepresentation by any Borrowers, or
any failure of any Borrower to comply with the covenants, conditions and agreements contained in this Amendment, the Loan Agreements
and the Loan Documents or in any other agreement, document or instrument at any time executed and/or delivered by any Borrower
with, to or in favor of Lender shall constitute an Event of Default under the Loan Agreements and the Loan Documents. In the event
any Person, other than Lender, shall at any time exercise for any reason (including, without limitation, by reason of any Existing
Defaults, any other present or future Event of Default, or otherwise) any of its rights or remedies against any Borrower or any
obligor providing credit support for any Borrowers' obligations to such other Person, or against any Borrower's or such obligor's
properties or assets, such event shall constitute an Event of Default hereunder and an Event of Default under the Loan Agreement.


 


(b)        Costs
and Expenses. Borrowers absolutely and unconditionally agree to pay to Lenders, jointly and severally, on demand by Lender
at any time, whether or not all or any of the transactions contemplated by this Amendment are consummated: all reasonable fees
and disbursements of any counsel to Lender, any participant of Lender, or any of their respective directors, officers, employees
or agents, that are incurred in good faith (regardless of whether the Lender or such other Person is the prevailing party) in connection
with the preparation, negotiation, execution, delivery or enforcement of this Amendment, the Loan Agreements and any other Loan
Document, including, without limitation, with respect to any investigation, litigation, or proceeding related to this Amendment,
the Loan Agreements, or any other Loan Document or the use of the proceeds of the credit provided under the Loan Agreements, or
any act, omission, event or circumstance in any manner related thereto. For the avoidance of doubt, Borrowers acknowledge and agree
that an Event of Default shall occur if Borrowers fail to pay (within five (5) business days of written notice from Lender) all
reasonable costs and expenses (including, without limitation, legal costs and expenses) incurred by Lender in connection with the
negotiation, preparation, execution or enforcement of this Agreement.


 



    	-5-



    	 



    

 


(c)         Governing
Law. This Amendment shall be governed by, and construed in accordance with, the laws of the State of Florida, without giving
effect to conflict of laws principles to the extent that the application of the laws of another jurisdiction would be required
thereby.


 


(d)         Consent
to Jurisdiction and Venue. NOTWITHSTANDING ANYTHING TO THE CONTRARY IN THE LOAN AGREEMENTS OR THE LOAN DOCUMENTS, BORROWERS
HEREBY CONSENT AND AGREE THAT THE STATE OR FEDERAL COURTS LOCATED IN COOK COUNTY, ILLINOIS AND OAKLAND COUNTY, MICHIGAN SHALL HAVE
EXCLUSIVE JURISDICTION TO HEAR AND DETERMINE ANY CLAIMS OR DISPUTES BETWEEN BORROWERS, ON THE ONE HAND, AND LENDER, ON THE OTHER
HAND, PERTAINING TO THIS AMENDMENT OR THE LOAN AGREEMENTS OR THE LOAN DOCUMENTS OR TO ANY MATTER ARISING OUT OF OR RELATED TO THIS
AMENDMENT OR THE LOAN AGREEMENTS OR ANY OF THE LOAN DOCUMENTS; AND FURTHER PROVIDED, THAT NOTHING IN THIS
AMENDMENT SHALL BE DEEMED OR OPERATE TO PRECLUDE LENDER FROM BRINGING SUIT OR TAKING OTHER LEGAL ACTION IN ANY OTHER JURISDICTION
TO COLLECT THE OBLIGATIONS, TO REALIZE ON THE COLLATERAL OR ANY OTHER SECURITY FOR THE OBLIGATIONS, OR TO ENFORCE A JUDGMENT OR
OTHER COURT ORDER IN FAVOR OF LENDERS. BORROWERS EXPRESSLY SUBMIT AND CONSENT IN ADVANCE TO SUCH JURISDICTIONS IN ANY ACTION OR
SUIT COMMENCED IN ANY SUCH COURT, AND BORROWRS HEREBY WAIVE ANY OBJECTION WHICH THEY MAY HAVE BASED UPON LACK OF PERSONAL JURISDICTION,
IMPROPER VENUE OR FORUM NON CONVENIENS AND HEREBY CONSENT TO THE GRANTING OF SUCH LEGAL OR EQUITABLE RELIEF
AS IS DEEMED APPROPRIATE BY SUCH COURT. BORROWRS HEREBY WAIVE PERSONAL SERVICE OF ANY AND ALL PROCESS ISSUED IN ANY SUCH ACTION
OR SUIT AND AGREE THAT SERVICE OF SUCH PROCESS MAY BE MADE BY REGISTERED OR CERTIFIED MAIL ADDRESSED TO BORROWRS AT THE ADDRESS
SET FORTH IN THE LOAN AGREEMENTS AND THAT SERVICE SO MADE SHALL BE DEEMED COMPLETED UPON THE EARLIER OF ANY LOAN PARTY'S ACTUAL
RECEIPT THEREOF OR FIVE (5) DAYS AFTER THE SAME HAS BEEN POSTED.


 


(e)        Counterparts.
This Amendment and all other instruments, agreements or documents provided for herein or delivered or to be delivered hereunder
or in connection herewith may be executed in any number of counterparts, and by the parties hereto on the same or separate counterparts,
and each such counterpart, when executed and delivered, shall be deemed to be an original, but all such counterparts shall together
constitute but one and the same agreement, instrument or document.


 



    	-6-



    	 



    

 


(f)         Ratification.
The terms and provisions set forth in this Amendment shall modify and supersede all inconsistent terms and provisions of the Loan
Agreement and shall not be deemed to be a consent to the modification of or waiver of any other term or condition of the Loan Agreement.
Except to the extent herein expressly modified, the Loan Agreement and each of the additional Purchase Documents shall remain in
full force and effect and each such Purchase Document is hereby ratified in all respects.


 


(g)        Reference
to Loan Agreement. On and after the effectiveness of the amendments to the Loan Agreement accomplished hereby, each reference
in the Loan Agreements to "the Agreement," "hereunder," "hereof," "herein" or words of
like import, and each reference to the Loan Agreements in any note and in any Loan Document, or other agreements, documents or
other instruments executed and delivered pursuant to the Loan Agreements, shall mean and be a reference to the Loan Agreements
to the extent modified by this Amendment.


 


(h)        Successors.
This Amendment shall be binding upon Borrowers, Lender and their respective successors and assigns, and shall inure to the benefit
of Borrowers, Lender and their respective successors and assigns.


 


(i)         Release.


 


(i)          In
consideration of the agreements of Lender contained herein and for other good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged, each of the Borrowers, on behalf of itself and its successors and assigns, and its present and
former members, shareholders, affiliates, subsidiaries, divisions, predecessors, directors, officers, attorneys, employees, agents,
legal representatives and other representatives (each Borrower and all such other Persons being hereinafter referred to collectively
as the "Releasing Parties" and individually as a "Releasing Party"), hereby absolutely, unconditionally
and irrevocably releases, remises and forever discharges Lender, and its successors and assigns, and their respective present and
former shareholders, affiliates, subsidiaries, divisions, predecessors, directors, officers, attorneys, employees, agents, legal
representatives and other representatives (Lender and all such other Persons being hereinafter referred to collectively as the
"Releasees" and individually as a "Releasee"), of and from all demands, actions, causes of action,
suits, damages and any and all other claims, counterclaims, defenses, rights of set-off, demands and liabilities whatsoever (individually,
a "Claim" and collectively, "Claims") of every kind and nature, known or unknown, suspected or
unsuspected, at law or in equity, which any Releasing Party may now or hereafter own, hold, have or claim to have against the Releasees
or any of them for, upon, or by reason of any circumstance, action, cause or thing whatsoever which arises at any time on or prior
to the date of this Amendment, including, without limitation, for or on account of, or in relation to, or in any way in connection
with this Amendment, the Loan Agreements, any of the Loan Documents or any of the transactions hereunder or thereunder.


 


(ii)       Borrowers
understand, acknowledge and agree that the release set forth above may be pleaded as a full and complete defense to any Claim
and may be used as a basis for an injunction against any action, suit or other proceeding which may be instituted, prosecuted
or attempted in breach of the provisions of such release.
  



    	-7-



    	 



    

 





(iii)      Borrowers
agree that no fact, event, circumstance, evidence or transaction which could now be asserted or which may hereafter be discovered
shall affect in any manner the final, absolute and unconditional nature of the release set forth above.




 


(j)        Covenant
Not to Sue. Each of the Releasing Parties hereby absolutely, unconditionally and irrevocably, covenants and agrees with and
in favor of each Releasee that it will not sue (at law, in equity, in any regulatory proceeding or otherwise) any Releasee on the
basis of any Claim released, remised and discharged by any Releasing Party pursuant to Section 7(i)(i) above. If any Releasing
Party violates the foregoing covenant, each of the Borrowers, for itself and their successors and assigns, and its present and
former members, shareholders, affiliates, subsidiaries, divisions, predecessors, directors, officers, employees, agents, legal
representatives and other representatives, agrees to pay, in addition to such other damages as any Releasee may sustain as a result
of such violation, all reasonable attorneys' fees and costs incurred by any Releasee as a result of such violation.


 


[signature page follows]


 



    	-8-



    	 



    






 


IN WITNESS WHEREOF, the
parties hereto have caused this Amendment to be executed by their respective officers thereunto duly authorized and delivered as
of the date first above written.


 


	 	BORROWERS:
	 	 
	 	GLOBAL AXCESS CORP.,
	 	a Nevada corporation
	 	 	 
	 	By:	/s/ Lock Ireland
	 	Name:	/s/ Lock Ireland
	 	Title:	CEO
	 	 	 
	 	NATIONWIDE MONEY SERVICES, INC.,
	 	a Nevada corporation
	 	 
	 	By:	/s/ Lock Ireland
	 	Name:	/s/ Lock Ireland
	 	Title:	CEO
	 	 	 
	 	nationwide ntertainment services, inc.,
	 	a Nevada corporation
	 	 
	 	By:	/s/ Lock Ireland
	 	Name:	/s/ Lock Ireland
	 	Title:	CEO
	 	 	 
	 	eft integration, inc.,
	 	a Florida corporation
	 	 
	 	By:	/s/ Lock Ireland
	 	Name:	/s/ Lock Ireland
	 	Title:	CEO
	 	 	 



 





Signature Page to Waiver and Amendment to Global Axcess Loan
Agreements




 






    	 



    	 



    



 


	 	LENDER:
	 	 
	 	FIFTH THIRD BANK
	 	 	 
	 	By:	/s/ Steven J. Englehart
	 	Name:	Steven J. Englehart
	 	Title:	Vice President


 





Signature Page to Waiver and Amendment to Global Axcess Loan
Agreements







 



    	 



    	 



    

 


EXHIBIT A


 


Existing Defaults


 


(1)         Events
of Default under Section 11.3 of the Initial Loan Agreement as a result of Borrowers' failure to maintain a Debt Service Coverage
Ratio of at least 1.25:1.00 for the period ended June 30, 2012, as required by Section 10.2 of the Initial Loan Agreement; and


 


(2)         Events
of Default under Section 11.3 of the Initial Loan Agreement as a result of Borrowers' failure to maintain a Senior Funded Indebtedness
to EBITDA Ratio no greater than 2.25:1.00 for the period ended June 30, 2012, as required by Section 10.3 of the Initial Loan Agreement.


 



    	A-1



    	 



    

 


EXHIBIT B


 


Collateral Questionnaire


 


Reference is hereby
made to (i) that certain Loan and Security Agreement dated June 18, 2010 (as amended, supplemented or otherwise modified from time
to time, the "Initial Loan Agreement") by and among Global Axcess Corp. a Nevada corporation, Nationwide Money
Services, Inc., a Nevada corporation, Nationwide Ntertainment Services, Inc., a Nevada corporation, and EFT Integration, Inc.,
a Florida corporation (collectively, the "Borrowers" and each individually a "Borrower"), and
Fifth Third Bank ("Lender"), (ii) that certain Global Axcess 2011 Loan and Security Agreement dated September
28, 2011, by and among Borrowers and Lender (the "2011-A Loan Agreement"), (iii) that certain Global Axcess 2011-B
Loan and Security Agreement dated November 23, 2011, by and among Borrowers and Lender (the "2011-B Loan Agreement"),
and (iv) that certain Global Axcess 2011-C Loan and Security Agreement dated December 29, 2011, by and among Borrowers and Lender
(the "2011-C Loan Agreement"; together with the Initial Loan Agreement, the 2011-A Loan Agreement, and the 2011-B
Loan Agreement, collectively, the "Loan Agreements"), and (ii) the other Loan Documents (as defined in the Loan
Agreements). Pursuant to Section 9.10 of the Loan Agreements and Section 5(d) of that certain Wavier and Amendment to Global Axcess
Loan and Security Agreements dated as of August 13, 2012, Lender hereby requests that the Borrowers provide a written response
to each of the following questions. Except as otherwise provided, capitalized terms used as defined terms herein shall have the
meaning ascribed thereto in the Loan Agreements or, if such term is not defined therein, then in the Loan Documents.


 


In response to the following
inquiries, each Borrower hereby represents and warrants to Lender as follows:


 


		1.	For each of the Borrowers, please state the State of
formation, and each state in which such Borrower must qualify to do business.



		 	 



		2.	Please provide a schedule of the capitalization of each
Borrower showing ownership of all issued and outstanding equity interests, as well as outstanding warrants and options. With respect
to any publicly traded company, provide a schedule of ownership for any Persons holding more than 5% of the equity interest of
such company. Please also provide a structure chart (if available).



		 	 



		3.	Please provide Federal Tax ID numbers for each of the
Borrowers.



		 	 



		4.	Please provide a list of the board of directors, managers
and officers of each Borrower.



		 	 




    	B-1



    	 



    

 







		5.	Does any Borrower do business under any other name? If
so, state each such name.



		 	 



		6.	Do the Borrowers use, or have the Borrowers used, any
trade names or trade styles? If so, list each of them.



		 	 



		7.	Has any Borrower changed its name since June 18, 2010?
If so, state each name such Borrower has had.



		 	 



		8.	Has any Borrower changed its identity or structure in
any way since June 18, 2010? Changes in structure would include mergers, consolidations, acquisitions and dissolutions. If any
such change has occurred, describe the nature of such change and give the names of each corporation or other entity that was incorporated,
merged or consolidated with or acquired by such Borrower in such transaction (including each name under which each such corporation
or entity has done business) and the address of each place of business of each such corporation or entity immediately prior to
such incorporation, merger, consolidation, or acquisition. Also provide the names of any Borrowers that have been dissolved.



		 	 



		9.	Has any Borrower formed any subsidiaries since June 18,
2010 (foreign or domestic)? If so, state the name of each such newly-formed subsidiary and provide copies of the formation documents.



		 	 



		10.	State the location and complete address of any real property
owned by any Borrower and whether such real property was acquired after June 18, 2010. Confirm whether there are any delinquent
taxes owed by any Borrower or any tax liens or judgments against any Borrower.



		 	 



		11.	State the location and complete address of any real property
leased by any Borrower, the name and complete address of the record owner, and whether such lease was originally entered into
after June 18, 2010. Attach copies of all leases and landlord waivers executed with respect to such locations.



 



    	B-2



    	 



    

 


		12.	State the complete address of each Borrower's chief executive
office. In addition, state the complete address of the office where each Borrower keeps its books and records relating to its
accounts, general intangibles and/or contract rights if different from its chief executive office. Note whether each location
is owned or leased by the applicable Borrower and, if leased, state the name and complete address of the record owner and attach
a copy of the applicable lease agreement.



		 	 



		13.	State the location of any inventory or equipment (having
an aggregate net book value equal to or in excess of $10,000) and the approximate value of such inventory and equipment, as applicable,
located at each location. Note whether each such location is owned, leased, or a third party location (warehouseman, processor,
bailee). If leased, state the name and complete address of the record owner and attach the applicable lease agreement. If a third
party location, state (i) the name and address of each such person or entity, (ii) the approximate value of the inventory or equipment,
as applicable, that is located with each such person or entity and (iii) whether such person or entity has executed a bailee/warehouseman
agreement in favor of Lender. Attach copies of any such agreements.



		 	 



		14.	Provide copies of any environmental letters, closure
letters, or other correspondence received from any municipal, governmental, or administrative body or agency, that were received
after June 18, 2010, with respect to Borrowers' owned and leased properties, and a summary of any environmental actions.



		 	 



		15.	Since June 18, 2010 has any Borrower acquired any of
its inventory or equipment other than in the ordinary course of business? If so, specify the nature of such acquisition.



		 	 



		16.	List each bank, deposit and/or investment account (including,
without limitation, any local petty cash accounts) held by each Borrower, including the name and complete address of each institution,
account numbers and purpose for each account and the current balance in each account. Also list each account that has been closed
since June 18, 2010. Provide a cash management schematic or diagram if available.



		 	 



		17.	Is a lock box used to collect accounts receivable and
other remittances? If so, provide detailed information including the name of the depository institution, account number, etc.



 



    	B-3



    	 



    

 


		18.	State each remittance address specified on invoices for
accounts receivable by each Borrower.



		 	 



		19.	Submit an accounts receivable aging report that includes
the customer name, billing address, contact name and telephone number.



		 	 



		20.	List any interest rate, foreign currency and/or commodity
swap, exchange, cap, collar, floor, forward, future or option agreement or any other similar interest rate, currency or commodity
hedging arrangement to which any Borrower is a party.



		 	 



		21.	List any surety bond arrangements outstanding with respect
to any Borrower and the outstanding balances/utilizations thereunder, and provide a copy of any such surety documents. List any
material licenses or permits required in connection with Borrowers' operations.



		 	 



		22.	Confirm whether Borrowers are current with respect to
all federal, state, or other sales taxes. If not, please provide a summary description of any such delinquencies.



		 	 



		23.	Do any of the Borrowers own or have an interest in any
patents, copyrights, technology or trademarks? If so, please describe.



		 	 



		24.	Is any Borrower a party to any licensing or other agreements
relating to any patents, copyrights, technology or trademarks? If so, please describe.



		 	 



		25.	Do any of the Borrowers receive, or are the Borrowers
entitled to receive, royalties, rents, commissions or other payments arising from or relating to any patent, copyright, technology
or invention? If so, please describe.



		 	 




    	B-4



    	 



    

 







		26.	Do any of the Borrowers have any interest in any life
insurance or annuities policies? If so, please describe the policies, the name of the insurance carrier, the policy number and
the present cash value of each policy.



		 	 



		27.	Are Borrowers due any rebates or other monies arising
from or related to sales of any goods. If so, please describe and identify where and when such funds are expected to be paid.



		 	 



		28.	Do the Borrowers own any automobiles, trucks, trailers,
tractors, airplanes, boats or other vehicles? If so, describe each such vehicle (including type, make, model, year, VIN, jurisdiction
of registration), state where such goods are located and describe any chattel mortgage, conditional sale or other security agreement
encumbering the same.



		 	 



		29.	Do any of the Borrowers own any stocks, bonds, defense
bonds or any other securities? If so, describe each item.



		 	 



		30.	Do any of the Borrowers have any interest in any partnership,
joint venture, corporation or other entity? If so, please describe.



		 	 



		31.	Please describe all outstanding indebtedness in excess
of $50,000 presently owing by any Borrower to any third party.



		 	 



		32.	Are any of the Borrowers a party (in any capacity) to
any actions now pending in any judicial, administrative or other proceeding? If so, please describe. In particular, please describe
any actions by the Internal Revenue Service against any Borrower. Please confirm whether any litigation disclosed herein or pursuant
to the Loan Documents has been finally settled or dismissed and deliver any settlement agreements or related agreements to our
attention, including any settlement agreements with Internal Revenue Service.



 



    	B-5



    	 



    

 


		33.	Do any of the Borrowers have any interest in a mortgage,
mechanic's lien or other lien on real property or are there any judgments in any Borrower's favor? Do any of the Borrowers have
a commercial tort claim? If so, state details and amounts.



		 	 



		34.	Are there any judgments in any Borrower's favor or are
there any claims or causes of action held by any Borrower against others? If so, please describe.



		 	 



		35.	Are there any judgments against any Borrower? If so,
please describe.



		 	 



		36.	Are there any condemnation actions or any eminent domain
proceedings pending or threatened against any Borrower or any Borrower's assets? If so, please describe.



		 	 



		37.	Are any of the Borrowers a party to any agreement (e.g.
settlement agreement, earn-out agreements, escrow agreements) allowing any of the Borrowers to receive payment from any source?
If so, please describe.



		 	 



		38.	Have any instruments been issued to any Borrower obligating
the issuer to make payments to such Borrower? If so, please describe (including the name of the issuer(s), principal amount of
the instrument, regularly scheduled payments and maturity date).



		 	 



		39.	Do any of the Borrowers have any deposits with any utility
companies or vendors? If so, please describe.



		 	 



		40.	Is any Borrower the beneficiary of a letter of credit?
If so, please describe (including name of the issuer, face amount of the letter of credit and maturity date).



		 	 



		41.	Are any of the Borrowers the holder of any interest in,
or claim upon, any refund, return or abatement of taxes? If so, please describe.



 



    	B-6



    	 



    

 


		42.	Are any of the Borrowers under any duty, or obligation
to pay any sums or to otherwise contribute to any trust fund, annuity, pension plan, employee benefit plan or other similar entity
or program? If so, please describe. List each plan and multiemployer plan maintained or contributed to by any Borrower and the
most current estimated termination or withdrawal liability associated with each.



		 	 



		43.	Is any Borrower subject to any collective bargaining
or other agreement with any union or other labor organization representing any employees of such Borrower? If so, please describe
and provide copies of the applicable agreements.



		 	 



		44.	Please provide a schedule of all dividends, distributions,
loans or other payments by any Borrower to any other Borrower or affiliate in the past three years other than payments for goods
or services by one Borrower to another Borrower in the ordinary course of business on an arm's length basis.



		 	 



		45.	List all material contracts to which any Borrower is
a party, and provide a summary description of all such material contracts.



		 	 



		46.	Is any Borrower party to a contract with an affiliate?
If so, list all affiliate contracts and please provide a summary description of such contracts.



		 	 



		47.	List all employment contracts or non-compete agreements
to which any Borrower is a party and provide copies of any such agreements to Lender.



		 	 



		48.	Please provide an updated list and summary description
of the nature and extent of all insurance maintained by each of the Borrowers. Provide copies of such policies together with copies
of the related loss payee and additional insured endorsements to Lender.



 



    	B-7



    	 



    

 


		49.	Has an appraisal or other valuation of one or more of
Borrowers or their assets or businesses been performed in the past twelve (12) months? If so, please provide copies of any and
all written reports rendered in connection therewith.



 


[Signature Page Follows]


 



    	B-8



    	 



    

 


Each Borrower hereby certifies that as
of this __ day of August, 2012, the answers to the foregoing questions are complete and correct and confirm that such answers constitute
representations and warranties made by Borrowers and understand that Lender is relying upon such answers and that any misrepresentations
or misstatements of fact herein shall constitute an immediate default and Event of Default under each of the Loan Agreements and
each of the other Loan Documents.


 


	 	BORROWERS:
	 	 
	 	GLOBAL AXCESS CORP.,
	 	a Nevada corporation
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 
	 	 	 
	 	NATIONWIDE MONEY SERVICES, INC.,
	 	a Nevada corporation
	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 
	 	 	 
	 	NATIONWIDE NTERTAINMENT SERVICES, INC.,
	 	a Nevada corporation
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 
	 	 	 
	 	EFT INTEGRATION, INC.,
	 	a Florida corporation
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 


 





Signature Page to Collateral Questionnaire