# EDGAR Filing Document

**Accession Number:** 0001088034
**File Stem:** 0001437749-25-028037
**Filing Date:** 2025-8
**Character Count:** 22157
**Document Hash:** d1cf945e5ad3d9f5b8cd5ea4b7901a70
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001437749-25-028037.hdr.sgml**: 20250829

**ACCESSION NUMBER**: 0001437749-25-028037

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 17

**CONFORMED PERIOD OF REPORT**: 20250829

**ITEM INFORMATION**: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20250829

**DATE AS OF CHANGE**: 20250829

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Usio, Inc.
- **CENTRAL INDEX KEY:** 0001088034
- **STANDARD INDUSTRIAL CLASSIFICATION:** FUNCTIONS RELATED TO DEPOSITORY BANKING, NEC [6099]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 980190072
- **STATE OF INCORPORATION:** NV
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-15093
- **FILM NUMBER:** 251281159

**BUSINESS ADDRESS:**
- **STREET 1:** 3611 PAESANOS PARKWAY
- **STREET 2:** SUITE 300
- **CITY:** SAN ANTONIO
- **STATE:** TX
- **ZIP:** 78231
- **BUSINESS PHONE:** 2102494100

**MAIL ADDRESS:**
- **STREET 1:** 3611 PAESANOS PARKWAY
- **STREET 2:** SUITE 300
- **CITY:** SAN ANTONIO
- **STATE:** TX
- **ZIP:** 78231

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Payment Data Systems Inc
- **DATE OF NAME CHANGE:** 20190502

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PAYMENT DATA SYSTEMS INC
- **DATE OF NAME CHANGE:** 20030812

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** BILLSERV INC
- **DATE OF NAME CHANGE:** 20011219

?xml version='1.0' encoding='ASCII'? usio20250829_8k.htm

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**WASHINGTON, D.C. 20549**

**FORM 8-K**

**CURRENT REPORT**

**Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934**

Date of Report (Date of earliest event reported): **August 29, 2025**

**USIO, INC.**

(Exact name of registrant as specified in its charter)

---

| | | |
|:---|:---|:---|
| **Nevada** | **000-30152**  | **98-0190072** |
| (State or other jurisdiction | (Commission | (IRS Employer |
| of incorporation) | File Number) | Identification No.) |

---

---

| | |
|:---|:---|
| **3611 Paesanos Parkway, Suite 300**,**San Antonio**,**TX** | **78231** |
| (Address of principal executive offices) | (Zip Code) |

---

**(**210**)**249-4100**

(Registrant's telephone number, including area code)

**Not applicable.**

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (<u>see</u> General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

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| | | |
|:---|:---|:---|
| Title of each class | Trading symbol(s) | Name of each exchange on which registered |
| Common stock, par value $0.001 per share | USIO | The Nasdaq Stock Market LLC |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2). Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

------

---

| | |
|:---|:---|
| **Item 5.02** | **Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.** |

---

On August 28, 2025, we entered into an amendment to the Independent Director Agreement executed on May 5, 2017, with Brad Rollins, a member of our Board of Directors. Under the terms of the amendment, Mr. Rollins's new quarterly compensation shall be two thousand dollars ($2,000.00).

On August 28, 2025, we entered into an amendment to the Independent Director Agreement executed on April 1, 2019, with Blaise Bender, a member of our Board of Directors. Under the terms of the amendment, Mr. Bender's new quarterly compensation shall be two thousand dollars ($2,000.00), and as the Chair of the Audit Committee, Mr. Bender shall receive twenty thousand dollars ($20,000.00) upon timely, including extensions granted by the SEC, and compliant filing of the 10K each year.

On August 28, 2025, we entered into an amendment to the Independent Director Agreement executed on August 29, 2020, with Ernesto R. Beyer de la Garza, a member of our Board of Directors. Under the terms of the amendment, Mr. Beyer's new quarterly compensation shall be two thousand dollars ($2,000.00).

On August 28, 2025, we entered into an amendment to the Independent Director Agreement executed on June 16, 2022, with Michelle Miller, a member of our Board of Directors. Under the terms of the amendment, Ms. Miller's new quarterly compensation shall be two thousand dollars ($2,000.00).

The foregoing description of the Independent Director Agreements is not complete and is qualified in its entirety by reference to the full text of the amendment to the Independent Director Agreements, copies of which are being filed herewith as Exhibits to this Current Report on Form 8-K and is incorporated herein by reference.

---

| | |
|:---|:---|
| **Item 9.01** | **Financial Statements and Exhibits.** |

---

---

| | |
|:---|:---|
| 10.1 | First Amendment to the Independent Director Agreement Dated to be effective as of August 28, 2025, by and between the Company and Brad Rollins |
| 10.2 | First Amendment to the Independent Director Agreement Dated to be effective as of August 28, 2025, by and between the Company and Blaise Bender |
| 10.3 | First Amendment to the Independent Director Agreement Dated to be effective as of August 28, 2025, by and between the Company and Ernesto R. Beyer de la Garza |
| 10.4 | First Amendment to the Independent Director Agreement Dated to be effective as of August 28, 2025, by and between the Company and Michelle Miller |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |

---

**SIGNATURE**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | |
|:---|:---|
| Date: August 29, 2025 | **USIO, INC.**<br>By:&nbsp;&nbsp;&nbsp;&nbsp;<u>/s/ Louis A. Hoch</u><br> Name: &nbsp;&nbsp;&nbsp;&nbsp;Louis A. Hoch<br> Title: Chief Executive Officer and President |

---

## Exhibit 10.1

**Exhibit 10.1**

**<u>AMENDMENT TO THE INDEPENDENT DIRECTOR AGREEMENT</u>**

This compensation amendment ("Amendment") to the Independent Director Agreement dated May 5, 2017 (Agreement), made by and between **Payment Data Systems, Inc.**, now known as **Usio, Inc.**, (USIO) and **Brad Rollins**, ("Director"); is entered into on August 27, 2025, and is made part of the Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. Definitions. All capitalized terms used herein and not expressly defined herein shall have the respective meanings given to such terms in the Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. Entire Agreement. Except as expressly modified by this Amendment, the Agreement shall be and remain in full force and effect in accordance with its terms and shall constitute the legal, valid, binding, and enforceable obligations of USIO and Director. This Amendment and the Agreement is the complete agreement of the parties and supersedes any prior agreements or representations, whether oral or written, with respect thereto.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. Successors and Assigns. This Amendment shall be binding upon and ensure the benefit of the successors and permitted assigns of the parties hereto.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. Section References. Section titles and references used in this Amendment shall be without substantive meaning or content of any kind whatsoever and are not a part of the agreements among the parties hereto evidenced hereby.

NOW, THEREFORE, in consideration of the foregoing recitals and of the mutual promises hereinafter set forth, the parties acknowledge and agree that Section 3(a) of the Agreement is hereby replaced in its entirety with the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>3. Compensation</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Cash Compensation. The Director shall receive two thousand dollars ($2,000) each quarter in arrears for participation in quarterly Board and Committee meetings, including the annual stockholders' meeting. There will be no additional compensation for ad hoc or preparatory meetings or for being the chair of a Committee, other than the Audit Committee and only if appointed the Chair of the audit committee or for being a regular or non-Chair member of the audit committee and holding a valid CPA license. The Chair of the Audit Committee will receive twenty thousand dollars ($20,000) upon timely, including extensions granted by the SEC, and compliant filing of the 10K each year and any regular, non-Chair audit committee member holding a valid CPA license will receive five thousand dollars ($5,000) upon timely, including extensions granted by the SEC, and compliant filing of the 10K each year.

**IN WITNESS WHEREOF**, the parties have caused this Agreement to be duly executed effective on the day and year first written above but actually signed on the dates indicated below by their respective signatures.

---

| | |
|:---|:---|
| **Director:**<br> Name: <u>Brad Rollins</u><u> </u><u> </u><u> </u><u> </u><br> Title: <u>Board Member</u> <u> </u><u> </u><u> </u> | **Usio, Inc.**<br> Name: <u>Louis Hoch</u><u> </u><u> </u><u> </u><u> </u><br> Title: <u>Chairman, President & CEO</u><u> </u><u> </u> |
| Signature: <u>/s/ Brad Rollins</u> <u> </u> | Signature: <u>/s/ Louis Hoch</u><u> </u><u> </u><u> </u> |

---

## Exhibit 10.2

**Exhibit 10.2**

**<u>AMENDMENT TO THE INDEPENDENT DIRECTOR AGREEMENT</u>**

This compensation amendment ("Amendment") to the Independent Director Agreement dated April 1, 2019 (Agreement), made by and between **Payment Data Systems, Inc.**, now known as **Usio, Inc.**, (USIO) and **Blaise Bender**, ("Director"); is entered into on August 27, 2025, and is made part of the Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. Definitions. All capitalized terms used herein and not expressly defined herein shall have the respective meanings given to such terms in the Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. Entire Agreement. Except as expressly modified by this Amendment, the Agreement shall be and remain in full force and effect in accordance with its terms and shall constitute the legal, valid, binding, and enforceable obligations of USIO and Director. This Amendment and the Agreement is the complete agreement of the parties and supersedes any prior agreements or representations, whether oral or written, with respect thereto.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. Successors and Assigns. This Amendment shall be binding upon and ensure the benefit of the successors and permitted assigns of the parties hereto.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. Section References. Section titles and references used in this Amendment shall be without substantive meaning or content of any kind whatsoever and are not a part of the agreements among the parties hereto evidenced hereby.

NOW, THEREFORE, in consideration of the foregoing recitals and of the mutual promises hereinafter set forth, the parties acknowledge and agree that Section 3(a) of the Agreement is hereby replaced in its entirety with the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>3. Compensation</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Cash Compensation. The Director shall receive two thousand dollars ($2,000) each quarter in arrears for participation in quarterly Board and Committee meetings, including the annual stockholders' meeting. There will be no additional compensation for ad hoc or preparatory meetings or for being the chair of a Committee, other than the Audit Committee and only if appointed the Chair of the audit committee or for being a regular or non-Chair member of the audit committee and holding a valid CPA license. The Chair of the Audit Committee will receive twenty thousand dollars ($20,000) upon timely, including extensions granted by the SEC, and compliant filing of the 10K each year and any regular, non-Chair audit committee member holding a valid CPA license will receive five thousand dollars ($5,000) upon timely, including extensions granted by the SEC, and compliant filing of the 10K each year.

**IN WITNESS WHEREOF**, the parties have caused this Agreement to be duly executed effective on the day and year first written above but actually signed on the dates indicated below by their respective signatures.

---

| | |
|:---|:---|
| **Director:**<br> Name: <u>Blaise Bender</u><u> </u><u> </u><u> </u><u> </u><br> Title: <u>Chairperson of the Audit Committee</u><u> </u> | **Usio, Inc.**<br> Name: <u>Louis Hoch</u><u> </u><u> </u><u> </u><u> </u><br> <u>Chairman, President & CEO</u><u> </u><u> </u><u> </u><u> </u> |
| Signature: <u>/s/ Blaise Bender</u> <u> </u> | Signature: <u>/s/ Louis Hoch</u><u> </u><u> </u><u> </u> |

---

## Exhibit 10.3

**Exhibit 10.3**

**<u>AMENDMENT TO THE INDEPENDENT DIRECTOR AGREEMENT</u>**

This compensation amendment ("Amendment") to the Independent Director Agreement dated August 29, 2020 (Agreement), made by and between **Usio, Inc.**, (USIO) and **Blaise Bender**, ("Director"); is entered into on August 27, 2025, and is made part of the Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. Definitions. All capitalized terms used herein and not expressly defined herein shall have the respective meanings given to such terms in the Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. Entire Agreement. Except as expressly modified by this Amendment, the Agreement shall be and remain in full force and effect in accordance with its terms and shall constitute the legal, valid, binding, and enforceable obligations of USIO and Director. This Amendment and the Agreement is the complete agreement of the parties and supersedes any prior agreements or representations, whether oral or written, with respect thereto.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. Successors and Assigns. This Amendment shall be binding upon and ensure the benefit of the successors and permitted assigns of the parties hereto.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. Section References. Section titles and references used in this Amendment shall be without substantive meaning or content of any kind whatsoever and are not a part of the agreements among the parties hereto evidenced hereby.

NOW, THEREFORE, in consideration of the foregoing recitals and of the mutual promises hereinafter set forth, the parties acknowledge and agree that Section 3(a) of the Agreement is hereby replaced in its entirety with the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>3. Compensation</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Cash Compensation. The Director shall receive two thousand dollars ($2,000) each quarter in arrears for participation in quarterly Board and Committee meetings, including the annual stockholders' meeting. There will be no additional compensation for ad hoc or preparatory meetings or for being the chair of a Committee, other than the Audit Committee and only if appointed the Chair of the audit committee or for being a regular or non-Chair member of the audit committee and holding a valid CPA license. The Chair of the Audit Committee will receive twenty thousand dollars ($20,000) upon timely, including extensions granted by the SEC, and compliant filing of the 10K each year and any regular, non-Chair audit committee member holding a valid CPA license will receive five thousand dollars ($5,000) upon timely, including extensions granted by the SEC, and compliant filing of the 10K each year.

**IN WITNESS WHEREOF**, the parties have caused this Agreement to be duly executed effective on the day and year first written above but actually signed on the dates indicated below by their respective signatures.

---

| | |
|:---|:---|
| **Director:**<br> Name: <u>Ernesto R. Beyer de la Garza</u><u> </u><u> </u><br> Title: <u>Chairperson of Nominations & Corp. Governance</u>  | **Usio, Inc.**<br> Name: <u>Louis Hoch</u><u> </u><u> </u><u> </u><u> </u><br> <u>Chairman, President & CEO</u><u> </u><u> </u><u> </u><u> </u> |
| Signature: <u>/s/ Ernesto R. Beyer de la Garza</u> <u> </u> | Signature: <u>/s/ Louis Hoch</u><u> </u><u> </u><u> </u> |

---

## Exhibit 10.4

**Exhibit 10.4**

**<u>AMENDMENT TO THE INDEPENDENT DIRECTOR AGREEMENT</u>**

This compensation amendment ("Amendment") to the Independent Director Agreement dated June 16, 2022 (Agreement), made by and between **Usio, Inc.**, (USIO) and **Michelle Miller**, ("Director"); is entered into on August 27, 2025, and is made part of the Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. Definitions. All capitalized terms used herein and not expressly defined herein shall have the respective meanings given to such terms in the Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. Entire Agreement. Except as expressly modified by this Amendment, the Agreement shall be and remain in full force and effect in accordance with its terms and shall constitute the legal, valid, binding, and enforceable obligations of USIO and Director. This Amendment and the Agreement is the complete agreement of the parties and supersedes any prior agreements or representations, whether oral or written, with respect thereto.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. Successors and Assigns. This Amendment shall be binding upon and ensure the benefit of the successors and permitted assigns of the parties hereto.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. Section References. Section titles and references used in this Amendment shall be without substantive meaning or content of any kind whatsoever and are not a part of the agreements among the parties hereto evidenced hereby.

NOW, THEREFORE, in consideration of the foregoing recitals and of the mutual promises hereinafter set forth, the parties acknowledge and agree that Section 3(a) of the Agreement is hereby replaced in its entirety with the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>3. Compensation</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Cash Compensation. The Director shall receive two thousand dollars ($2,000) each quarter in arrears for participation in quarterly Board and Committee meetings, including the annual stockholders' meeting. There will be no additional compensation for ad hoc or preparatory meetings or for being the chair of a Committee, other than the Audit Committee and only if appointed the Chair of the audit committee or for being a regular or non-Chair member of the audit committee and holding a valid CPA license. The Chair of the Audit Committee will receive twenty thousand dollars ($20,000) upon timely, including extensions granted by the SEC, and compliant filing of the 10K each year and any regular, non-Chair audit committee member holding a valid CPA license will receive five thousand dollars ($5,000) upon timely, including extensions granted by the SEC, and compliant filing of the 10K each year.

**IN WITNESS WHEREOF**, the parties have caused this Agreement to be duly executed effective on the day and year first written above but actually signed on the dates indicated below by their respective signatures.

---

| | |
|:---|:---|
| **Director:**<br> Name: <u>Michelle Miller</u> <u> </u><u> </u><br> Title: <u>Chairperson of the Compensation Committee</u> | **Usio, Inc.**<br> Name: <u>Louis Hoch</u><u> </u><u> </u><u> </u><u> </u><br> <u>Chairman, President & CEO</u><u> </u><u> </u><u> </u><u> </u> |
| Signature: <u>/s/ Michelle Miller</u> <u> </u> | Signature: <u>/s/ Louis Hoch</u><u> </u><u> </u><u> </u> |

---