Document:

Exhibit
10.8

 

INSU Acquisition Corp. III

2929 Arch Street, Suite 1703

Philadelphia, PA 19104-2870

Attention: Joseph W. Pooler, Jr.

 

Dated: __________, 2020

 

Insurance Acquisition
Sponsor III, LLC (“Lender”) hereby agrees to make to INSU Acquisition Corp. III (“Borrower”), one
or more loans for the purposes described in paragraph 2 hereof, in amounts and upon the terms and conditions set forth below:

 

1. AMOUNT

 

Lender shall make or
cause one or more of its affiliates to make one or more loans (hereafter sometimes referred to collectively as the “Loans”
and each individually as a “Loan,”) to Borrower in the maximum aggregate amount for all Loans of $750,000, subject
to the terms and conditions contained herein.

 

For each Loan requested
by Borrower, Borrower shall submit a written notice stating the amount of the Loan being requested, disbursement instructions,
and the required disbursement date. Unless waived by Lender, such notice shall be delivered to Lender by Borrower not less than
five (5) business days prior to the requested disbursement date. For these purposes, a “business day” is any day that
is not a Saturday or Sunday, or a day on which commercial banks in New York, New York are authorized or required by law to remain
closed. Each Loan shall be evidenced by a Promissory Note from Borrower to Lender in the form annexed hereto as Exhibit A
(each, a “Promissory Note”).

 

2. PURPOSES

 

The proceeds of the
Loans shall only be requested, and shall only be used, to fund the Borrower’s working capital requirements and expenses relating
to the identification and acquisition of one or more businesses, or if no such acquisition is completed, expenses in connection
with the liquidation of Borrower.

 

3. PAYMENT TERMS

 

The entire aggregate
principal balance of the Loans, and all of the Promissory Notes evidencing the Loans, shall be due and payable in full on the date
upon which the Borrower completes an acquisition or other business combination with one or more businesses, as more particularly
set forth in the prospectus dated __________, 2020 of the Borrower, in the section captioned “Management’s Discussion
and Analysis of Financial Condition and Results of Operations—Liquidity and Capital Resources”.

 

4. INTEREST RATE

 

The Loans shall bear no interest.

 

     

    

    

 

5. SECURITY FOR LOANS

 

The Loans shall be unsecured.

 

6. CONVERSION; DEFAULT; REMEDIES

 

		(i)	The
Loans may be converted into units of the Borrower upon the terms and conditions set forth in the form of Promissory Note annexed
hereto as Exhibit A and incorporated herein by this reference.

 

		(ii)	The
events of default and remedies with respect to the Loans are set forth in the form of Promissory Note annexed hereto as Exhibit
A and incorporated herein by this reference.

 

7. LOAN FEES

 

Borrower shall not
pay Lender any loan, commitment or other, similar, fees in connection with the Loans.

 

8. MISCELLANEOUS

 

A. Assignment

 

This Commitment Letter,
each Promissory Note, and the Loans, or any portion thereof, may be assigned by Lender; provided, however, that Lender shall remain
obligated to provide Borrower with the Loans. Borrower shall not transfer or assign (by operation of law or otherwise) this Commitment
Letter without Lender’s prior written consent which shall be in the sole and absolute discretion of Lender. If Borrower,
in any event, transfers or assigns (by operation of law or otherwise) this Commitment Letter without Lender’s prior written
consent, this Commitment Letter shall automatically terminate and Lender shall have no further obligation hereunder.

 

B. Expenses

 

All out-of-pocket expenses
incurred by Lender in connection with this Commitment Letter and the Loans, including any legal fees and expenses incurred by Lender
in connection with Lender enforcing its rights hereunder, shall be payable by Borrower, on demand, whether or not any Loans are
made pursuant hereto. This obligation shall survive the termination of this Commitment Letter. In the event of any litigation arising
hereunder based on a contract claim arising hereunder, the prevailing party shall recover its attorneys’ fees and expenses
from the unsuccessful party.

 

C. Entire Agreement

 

No change or modification
of this Commitment Letter shall be valid unless the same is in writing and signed by the parties hereto. This Commitment Letter
contains the entire agreement between the parties hereto and there are no promises, agreements, conditions, undertakings, warranties
and representations, either written or oral, expressed or implied between the parties hereto other than as herein set forth.

 

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	 	Very truly yours,
	 	 	 
	 	INSURANCE ACQUISITION SPONSOR III, LLC
	 	 	 
	 	By:	 
	 	Name: 	Daniel G. Cohen
	 	Title:	Chief Executive Officer

  

[Insurance SPAC III – Loan Commitment
Agreement]

 

     

    

    

 

The undersigned hereby accepts and approves
this Commitment Letter.

 

	 	INSU ACQUISITION CORP. III
	 	 	 
	 	By:	 
	 	Name: 	John M. Butler
	 	Title:	President and Chief Executive Officer

 

[Insurance SPAC III – Loan Commitment
Agreement]

 

     

    

    

  

Exhibit A

 

Form of Promissory Note

 

THIS NOTE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"). THIS NOTE HAS
BEEN ACQUIRED FOR INVESTMENT ONLY AND MAY NOT BE SOLD, TRANSFERRED OR ASSIGNED IN THE ABSENCE OF REGISTRATION OF THE RESALE THEREOF
UNDER THE SECURITIES ACT OR AN OPINION OF COUNSEL REASONABLY SATISFACTORY IN FORM, SCOPE AND SUBSTANCE TO THE MAKER THAT SUCH REGISTRATION
IS NOT REQUIRED.

 

PROMISSORY NOTE

 

$[_________] Issue Date: [DATE]

No. A-[_____] New York, New York

 

INSU Acquisition Corp.
III (the "Maker") promises to pay to the order of [Insurance Acquisition Sponsor III, LLC] (the "Payee")
the principal sum of [_________] ($[_______]) in lawful money of the United States of America, on the terms and conditions described
below.

 

1. Principal. The principal balance
of this Note shall be repayable on the date (the “Maturity Date”) on which Maker consummates a merger, capital
stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses (the
“Initial Business Combination”). No amount shall be due under this Note if such Initial Business Combination
is not consummated on or before the 24 month anniversary of the date of the completion of the Maker’s initial public offering
(“IPO”).

 

2. Interest. This Note shall bear
no interest.

 

3. Application of Payments. All
payments shall be applied first to payment in full of any costs incurred in the collection of any sum due under this Note, including
(without limitation) reasonable attorneys' fees, then to the payment in full of any late charges and finally to the reduction of
the unpaid principal balance of this Note.

 

4. Conversion. At the Maturity Date,
by providing written notice to Maker, Payee may elect to convert any portion or all of the amount outstanding under this Note into
units of the entity surviving or resulting from the Initial Business Combination at a conversion price of $10.00 per unit. The
terms and conditions of such units shall be as described in the registration statement and prospectus filed with the Securities
and Exchange Commission in connection with the IPO (together, the “Registration Statement”).

 

5. Events of Default. The following shall constitute
Events of Default:

 

(a) Failure to Make
Required Payments. Failure by Maker to pay the principal of, or other payments on, this Note within five (5) business days
following the date when due.

 

6. Remedies.

 

(a) Upon the occurrence
of an Event of Default specified in Section 5(a), Payee may, by written notice to Maker, declare this Note to be due and payable,
whereupon the principal amount of this Note, and all other amounts payable under this Note, shall become immediately due and payable
without presentment, demand, protest or other notice of any kind, all of which are hereby expressly waived, anything contained
herein or in the documents evidencing the same to the contrary notwithstanding.

 

 

     

    

    

 

7. Waivers. Maker and all endorsers
and guarantors of, and sureties for, this Note waive presentment for payment, demand, notice of dishonor, protest, and notice of
protest with regard to this Note, all errors, defects and imperfections in any proceedings instituted by Payee under the terms
of this Note, and all benefits that might accrue to Maker by virtue of any present or future laws exempting any property, real
or personal, or any part of the proceeds arising from any sale of any such property, from attachment, levy or sale under execution,
or providing for any stay of execution, exemption from civil process, or extension of time for payment; and Maker agrees that any
real estate that may be levied upon pursuant to a judgment obtained by virtue hereof, on any writ of execution issued hereon, may
be sold upon any such writ in whole or in part in any order desired by Payee.

 

8. Unconditional Liability. Maker
hereby waives all notices in connection with the delivery, acceptance, performance, default, or enforcement of the payment of this
Note, and agrees that its liability shall be unconditional, without regard to the liability of any other party, and shall not be
affected in any manner by any indulgence, extension of time, renewal, waiver or modification granted or consented to by Payee,
and consents to any and all extensions of time, renewals, waivers, or modifications that may be granted by Payee with respect to
the payment or other provisions of this Note, and agrees that additional makers, endorsers, guarantors, or sureties may become
parties hereto without notice to them or affecting their liability hereunder.

 

9. Notices. Any notice called for
hereunder shall be deemed properly given if (i) sent by certified mail, return receipt requested, (ii) personally delivered, (iii)
dispatched by any form of private or governmental express mail or delivery service providing receipted delivery, (iv) sent by facsimile
or (v) sent by e-mail, to the following addresses or to such other address as either party may designate by notice in accordance
with this Section:

 

If to Maker:

 

INSU Acquisition Corp. III

2929 Arch Street, Suite 1703

Philadelphia, PA 19104-2870

Attention:

Email:

 

If to Payee:

 

[Insurance Acquisition Sponsor III, LLC]

2929 Arch Street, Suite 1703

Philadelphia, PA 19104-2870

Attention:

Email:

 

Notice shall be deemed given on the earlier
of (i) actual receipt by the receiving party, (ii) the date shown on a telefacsimile transmission confirmation, (iii) the date
on which an e-mail transmission was received by the receiving party's on-line access provider, (iv) the date reflected on a signed
delivery receipt, or (vi) two (2) business days following tender of delivery or dispatch by express mail or delivery service.

 

10. Construction. THIS
NOTE SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, WITHOUT REGARD TO CONFLICT OF LAW PROVISIONS
THEREOF.

 

11. Severability. Any provision
contained in this Note which is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective
to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition
or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction.

 

    

     

    

 

12. Trust Waiver. Notwithstanding
anything herein to the contrary, the Payee hereby waives any and all right, title, interest or claim of any kind ("Claim") in
or to any distribution of the trust account in which the proceeds of Maker’s IPO and the proceeds of the sale of the securities
issued in a private placement to be consummated concurrently with the completion of the Maker’s IPO, as described in greater
detail in the Registration Statement, and hereby agrees not to seek recourse, reimbursement, payment or satisfaction for any Claim
against the trust account for any reason whatsoever.

 

13. Amendment; Waiver. Any
amendment hereto or waiver of any provision hereof may be made with, and only with, the written consent of the Maker and the Payee.

 

14. Assignment. No assignment or
transfer of this Note or any rights or obligations hereunder may be made by any party hereto (by operation of law or otherwise)
without the prior written consent of the other party hereto and any attempted assignment without the required consent shall be
void.

 

[Signature Page Follows]

  

    

     

    

 

IN WITNESS WHEREOF,
Maker, intending to be legally bound hereby, has caused this Note to be duly executed the day and year first above written.

 

	 	INSU ACQUISITION CORP. III 
	 	 	 
	 	By:	             
	 	Name:	 
	 	Title:Exhibit 10.1

 

EXECUTION VERSION

 

BILLPAYMENT PROCESSING AND PREPAYMENT
OF ACCOUNTS 

AGENCY AGREEMENT 

 

This Agency Agreement
(the “Agreement”) is made and entered into this November 27, 2020 (the “Effective Date”) by and between,
on one hand by Cuentas, Inc. (“CUENTAS”) and, on the other hand Corporación en Investigación Tecnológica
e Informática, S.A.P.I. de C.V. (“Master Agent” or “Agent”), may each be referred to hereafter as
a “Party” and collectively as the “Parties” and with the presence of Blue Sky, LLC. (“Master Agent’s
Correspondent” or “Agent’s Correspondent”) for the purposes that are stated below.

 

The Parties enter into
this Agreement pursuant to the following Recitals, Representations and Clauses.

 

RECITALS

 

		1.	WHEREAS, the Agent is a Mexican software development field, and is an authorized licensee of, certain
Platform, as defined herein, which entitles him to sublicense the Platform.

 

		2.	WHEREAS, CUENTAS maintains a network of several commercial, collection and payment points (direct
and indirect) brick and mortar and online (by web and mobile applications), in USA, which are intended to collect money from payees
who require payment of such service in Mexico of due invoices from Major Beneficiaries as a collection agent, bill payment and
prepayment processor and is looking for a payment network provider to terminate bill pay and prepayment accounts in Mexico.

 

		3.	WHEREAS, Master Agent has on its transactional Platform a payment network connected with more than
[65] services to terminate bill pay and prepayment accounts transactions to commercial service providers (such as groceries, pharmacy,
utilities), telecom operators (such as Mobile, Landline, internet and TV), government operators (such as taxes, duties) and others
in Mexico and is willing to provide the service of payments in Mexico.

 

REPRESENTATIONS

 

I. CUENTAS through its attorney-in-fact
represents that:

 

		1.	It is a Florida Corporation, organized and existing pursuant to the laws of Florida, United States
of America.

 

		2.	It has full legal capacity and sufficient authority (corporate, organizational or otherwise) to
enter into, and perform its obligations under this Agreement.

 

		3.	The execution and performance of this Agreement are within the scope of its corporate purpose and
do not and will not violate, or constitute a breach under: (a) any provision of its by-laws or organizational documents, (b) any
agreement, contract, arrangement, license, judgment, resolution or order to which it is a party or by which the it or any of its
assets is bound, or (c) any law or regulation, order or decree of any Governmental Authority.

 

		4.	Its attorney-in-fact herein has the necessary powers and authority to execute this Agreement and
to bind it to the terms hereof, and that such authority has not been limited, revoked or modified in any manner whatsoever.

 

		5.	The resources with which it shall meet its obligations under this Agreement shall come from licit
activities and are linked to the normal development of its commercial activities.

 

		6.	It is its will and intent to enter into this Agreement in the terms and conditions set forth herein.

 

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II. The Agent through its attorney-in-fact
represents that:

 

		1.	It is a company duly incorporated and validly existing under the laws of Mexico.

 

		2.	It has full legal capacity and sufficient authority (corporate, organizational or otherwise) to
enter into, and perform its obligations under this Agreement.

 

		3.	It has all the authorizations, consents, approvals, licenses, filings or registrations with, any
governmental agency or authority, or approval or consent of any other person, required for the Agent to carry-out its business
as currently conducted and carry out the Services within the Mexican territory, or for the due execution, delivery or performance
by Agent of this Agreement, or to comply or perform with the obligations assumed by it hereunder, which are legal, valid and enforceable
against Agent in accordance with their terms.

 

		4.	It is an authorized licensee of the Platform and such license entitles the Master Agent to sublicense
the Platform in the terms stated herein.

 

		5.	Its attorney-in-fact herein has the necessary powers and authority to execute this Agreement and
to bind it to the terms hereof, and that such authority has not been limited, revoked or modified in any manner whatsoever.

 

		6.	The execution and performance of this Agreement are within the scope of its corporate purpose and
do not and will not violate, or constitute a breach under: (a) any provision of its by-laws or organizational documents, (b) any
agreement, contract, arrangement, license, judgment, resolution or order to which it is a party or by which the it or any of its
assets is bound, or (c) any law or regulation, order or decree of any Governmental Authority.

 

		7.	There is no pending, and to the best of its knowledge after due inquiry, threatened action, claim,
requirement or proceeding of any nature that affects or could reasonably be expected to affect: (a) the Platform (or any portion
thereof); (b) the Agent’s legal and valid license of the Platform and its capacity to sublicense such Platform; or (c) the
legality, validity or enforceability of this Agreement or any of the obligations of the Agent arising from or relating thereto.

 

		8.	It is its will and intent to enter into this Agreement in the terms and conditions set forth herein.

 

		9.	It has entered into a business relationship with the Agent’s Correspondent to seek on behalf
of the Agent for customers and business opportunities in the United States of America, and as part of the trade agreements with
the Agent’s Correspondent, the latter appears to the conclusion of this Agreement since it is will that part of the consideration
owed by CUENTAS by means of this Agreement shall be deposited to the Agent’s Correspondent account.

 

III. The Agent’s Correspondent through
its attorney-in-fact represents that:

 

		1.	It is a company duly incorporated and validly existing under the laws of Texas.

 

		2.	It has full legal capacity and sufficient authority (corporate, organizational or otherwise) to
enter into this Agreement.

 

		3.	Its attorney-in-fact herein has the necessary powers and authority to execute this Agreement and
to bind it to the terms hereof, and that such authority has not been limited, revoked or modified in any manner whatsoever.

 

		4.	It is its will to appear at this Agreement, since it will receive part of the amounts that corresponds
to the Master Agent as a consideration for the Services, in accordance with the stated in this Agreement.

 

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In consideration of the foregoing, the
Parties hereto hereby agree as follows:

 

CLAUSES

 

FIRST. Defined Terms. As
used in this Agreement, the following terms shall have the following meanings whenever such terms are used in their capitalized
form:

 

“Affiliate”
shall mean, with respect to any person or entity, any other person or entity that controls, is controlled by, or under common control
with, such person or entity.

 

“Agreement”
means this agreement, all annexes, exhibits and additions to this agreement and all modifications, amendments, extensions and renewals
of this agreement.

 

“Anti-Money
Laundering Laws” shall mean all financial recordkeeping and reporting requirements, as amended, the applicable money
laundering statutes, the rules and regulations thereunder and any related or similar rules, regulations or guidelines, issued,
administered or enforced by any governmental or regulatory agency, including, without limitation the Ley Federal para la Prevención
e Identificación de Operaciones con Recursos de Procedencia Ilícita.

 

“Business
Day” shall mean any day excepting those days on which banks are not authorized to operate or are required to close in
Mexico or the USA.

 

“Confidential
Information” shall mean information that each of the Parties furnishes to the other Party or to any of its Affiliates
on a confidential basis by informing the recipient that such information is confidential or marking such information as such, but
does not include any such information that is or at the time of disclosure by such person has become generally available to the
public.

 

“Data Protection
Laws” means: (a) the Ley Federal de Protección de Datos Personales en Posesión de los Particulares, and
(b) any equivalent legislation, or regulation dealing with the same subject matter, anywhere in the world; each as applicable to
the parties hereto, and each as amended, consolidated or replaced from time to time.

 

“Governmental
Authority” shall mean any nation or government, any state or other political subdivision thereof, and any entity exercising
executive, legislative, judicial, regulatory or administrative functions of or pertaining to a government having jurisdiction over
any of the parties hereto.

 

“LFPDPP”
means the Ley Federal de Protección de Datos Personales en Posesión de los Particulares and its regulations.

 

“Major Beneficiaries”
means any commercial, collection and payment points (direct and indirect) brick and mortar and online, in USA.

 

“Main Beneficiaries”
means any commercial service providers (such as groceries, pharmacy, utilities), Telecom
operators (such as Mobile, Landline, internet and TV), government operators (such
as taxes, duties) and other service providers in Mexico.

 

“Mexico”
means the United Mexican States.

 

“MXN”
means the lawful currency of Mexico.

 

“Party”
has the meaning ascribed to such term in the preamble of this Agreement.

 

“Payee”
has the meaning ascribed to such term in Clause Second of this Agreement.

 

“Payment
Processing Request” has the meaning ascribed to such term in Clause Second of this Agreement.

 

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“Personal
Data” means any information concerning an identified or identifiable person.

 

“Platform”
means the platform through which the Services will be rendered.

 

“Services”
means the payment processing service, the electronic platform through which the payments will be made, and any related or supplementary
product or service offered or to be offered by the Master Agent.

 

“USA”
means United States of America.

 

In addition to the above defined terms,
additional defined terms used herein shall have the respective meanings assigned thereto.

 

SECOND. Scope and Payment processing.
By means of this Agreement, on one hand the Master Agent grants CUENTAS the right to use the Platform, in order to enable CUENTAS
to process payment transactions for Main Beneficiaries located in Mexico for the users of CUENTAS network (“Payee”).
In this context, CUENTAS agrees to use the Platform in the different payment points it has available for its users, for those
payment transactions whose Main Beneficiaries are located in Mexico.

 

For the above, the Master Agent agrees
to make payments in real time or batch, as correspond, in the name of the payee (“Payee”) based on the instructions
received from CUENTAS (“Payment Processing Request”) and in Mexico through its Platform to the Main Beneficiaries,
among other billers, third parties previously confirmed and accepted by CUENTAS, in relation to the due and payable invoices as
well as prepayment services owed by a specific customer.

 

As consideration for the services of using
the platform and payment processing, ACCOUNTS shall pay Agent’s correspondent for each successful transaction the fixed fee
set out in Appendix A.

 

CUENTAS hereby authorizes the Master Agent
to pay, receive, collect and credit the funds provided to the Master Agent, in accordance with the instructions given in the Payment
Processing Request. The Agent will not use the funds provided by CUENTAS for any purposes other than those specifically instructed
by CUENTAS.

 

The transaction
occurs when, in USA, a Payee delivers a certain value, in US dollars, to the point of sales (direct or indirect) affiliated with
CUENTAS, intended for the payment of a plan/invoice due and payable bills from a specific customer of the Main Beneficiaries in
Mexico connected to the Platform.

 

The
money, in USD, collected from the Payee will be used to cancel (in full or in part) the Main Beneficiary's invoice
and may never be delivered to the specific Main Beneficiary in cash. CUENTAS will collect, reconcile and transfer money to pay
off invoices from the Main Beneficiaries through the Agent.

 

This Agreement
between Master Agent and CUENTAS will remain in effect for the duration of this Agreement (and any extension thereof) and, to the
extent that Master Agent, remains connected to the respective Main Beneficiary in Mexico. The processing of CUENTAS payments to
Master Agent will be initiated via ACH from the CUENTAS bank account to Master Agent ́s bank account in Mexico who will exclusively
use authorized banks or regulated financial institutions to make payments to the “Main Beneficiary” in Mexico.

 

At all times during
the performance of its functions and obligations, CUENTAS and Master Agent will follow the instructions, addresses, account policies,
payment authorizations and reconciliations of the respective Payees and Main Beneficiaries.

 

In order to carry
out transactions, CUENTAS is obliged to transfer as a mandate to Agent on a weekly basis or as required, the amounts in Mexican
pesos that will be deposited into an account in Mexico and such amounts will be the limit of payment transactions that may be made.
That is, in no case shall the Agent be obliged to process transactions if the funds in the Mexico account are not sufficient to
cover the amounts of the requested transactions.

 

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Deposits made
by CUENTAS by way of mandate to the Agent must always be deposited to the account specified by the Agent and in no case will a
currency other than the Mexican peso shall be accepted. Likewise, as the Agent receives such amounts as a mandate, these amounts
will not be considered income or the Agent's consideration for the services rendered.

 

THIRD. Delivery, application of the
funds. CUENTAS agrees to provide to the Agent the amount of money in MXN necessary to meet the instructions given in the
Payment Processing Request, through the use of: (i) any of the means available to that effect and authorized by the Agent; or (ii)
the funds available in its account, provided they are sufficient to meet all the instructions given in the Payment Processing Request.

 

The funds will be credited to the Main
Beneficiary immediately for the online transactions and no later than [2 (two) Business Days] from the date on which the Agent
receives the Instruction for the Payment Processing Request.

 

In no event, the funds available in the
Master Agent’s bank account shall be lower than 20% of the amount registered of all the transactions processed in the past
week.

 

FOURTH.
CUENTAS Obligations. In addition to the other obligations under this Agreement, CUENTAS
agrees to:

 

		a)	Transfer to the Master Agent in adavance the funds to perform transactions, according to the stated
in clause First.

		b)	Train its employees, subagents, and payment points by Master Agent's express instructions.

		c)	Charge prices and fees to the Payees (Mexican residents or by-passers) who pay due bills or prepayment
services provided or to be provided abroad (in Mexico) for the benefit of specific customers of the Main Beneficiary,

		d)	Apply terms and conditions set forth in the service descriptions of the Main Beneficiaries product
list, which may be modified from time to time.

		e)	Use reasonable efforts at all times to make a quick, courteous and efficient collection, act in
accordance with the highest standards of honesty, integrity and fair treatment in all relationships with such Payees and Master
Agent and refrain from acts that that will cause discredit, dishonor, reflect negatively on or in any way damage Master Agent's
reputation or image.

		f)	Payment processing from abroad (invoice amount and fees) are charged simultaneously and cancellation
of the transaction is not accepted, and funds will not be returned to the Payee in USA or the specific user in Mexico.

		g)	Start operations with the Platform within thirty (30) calendar days upon the execution of this
Agreement. As well as to do not interrupt or discontinue the availability of the Platform with no cause for more than 24 (twenty-four)
hours.

		h)	If a transaction is collected, accepted and confirmed as paid in real time by the Main Beneficiary
but have not been reflected as credited in the account of the specific Payee, CUENTAS has 3 Business Days to receive complaints
and/or complaints and notify Master Agent, so that it can resolve the issue in Mexico and, if not done, CUENTAS may contact the
Payee, to receive refund instructions or may refund any credit card used by the Payee to process the particular payment. These
values will be reconciled as discounts for transfers to Master Agent in weekly reports.

		i)	Cuentas will receive weekly settlements from Master Agent which must be reconciled with its own
operation and in case of any discrepancy immediately communicate to Master Agent. Excluding transactions (the ones that present
discrepancies) and/or that maintain an open claim and that has not been resolved in the weekly cycle will not be included in the
weekly settlements.

		j)	Maintain documents and records that support the collection of products that are the subject of
this Agreement for a period not less than eighty-four (84) months or any other longer period that may be required by applicable
law, rule or regulation and that may be produced within a reasonable period of time.

		k)	Master Agent shall prepay the collections associated with the Main Beneficiaries product and services.
CUENTAS account balance must be positive (prepaid) and no less than the amount set forth in Clause Third and may not be offset
by or through the reconciliation of payment processing associated fees.

 

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		l)	All payments received by CUENTAS must be in the U.S. dollars. Payments received by CUENTAS from
the Payee will be assessed on the day they were received by CUENTAS for any exchange rate purposes (f/x), and not on the date of
transfer to Master Agent. CUENTAS will transfer funds to process transactions in Mexican peso to the Master Agent bank account
on a weekly basis. The bank information for transferring to Master Agent is:

 

IBAN:  (TO BE PROVIDED)

ABA/SWIFT:

Bank:

Bank Address:

Beneficiary:

Address:

 

FIFTH.
Master Agent Obligations. In addition to its other obligations under this Agreement, Master Agent
agrees to:

 

		a)	Train the Master Agent employees, Main Beneficiaries and specific points by CUENTAS express instructions.

		b)	Technical support to CUENTAS staff in accordance to the stated in the SLA attached hereto as Appendix
B.

		c)	Claims Handling: Confirmed transactions will have a 3 Business Days delivery response to complaints
and/or claims to notify CUENTAS, so that CUENTAS in turn can respond to the Payee and credit the Payee account in case the notification
returns a credit to Payee status.

		d)	Provide information and access to real-time reports between
Cuentas, the specific user and the Main Beneficiaries

		e)	Maintain documents and records that support the collection of products that are the subject of
this Agreement for a period not less than eighty-four (84) months or any other longer period that may be required by applicable
law, rule or regulation and that may be produced within a reasonable period of time.

		f)	Provide access to the Master Agent’s Platform, by API, for CUENTAS and its network of subagents
and payment points.

		g)	Notify CUENTAS in the event of any variation on the Main Beneficiary lists, whether to add or remove
collecting entities in Mexico.

 

SIXTH. Master Agent Rates. The
Agent’s Correspondent will bill CUENTAS for the fees contained in Appendix A attached to this Agreement, which may be amended
only by common written agreement between the Parties. CUENTAS agrees to pay Master Agent Correspondent in accordance with the schedule,
terms and conditions set forth in this Agreement and the Appendix A attached to this Agreement, for all transactions associated
with the Payees.

 

Master Agent agrees to share with CUENTAS,
at the end of each week, a report containing the details of all successful transactions, containing the following information:

 

		a)	Type of transaction sent to the Main Beneficiary

		b)	Time and date (local time of the Main Beneficiary in Mexico) of each transaction;

		c)	Value of the bill paid in MXN;

		d)	Confirmation code issued, confirmed and applied by the Main
Beneficiary in real time through the Master Agent ́s Platform in Mexico;

 

The parties acknowledge
and agree that the values set out in Appendix A are calculated for an estimated transaction run rate volume of $20,000,000 U.S.
dollars of Services payments per year, and understanding that it will naturally take the business model to reach that goal, the
Master Agent agrees to respect the fees to CUENTAS for such amount, even if is not reached from operations for a period of 9 months
from the start of operations. However, at the end of that period, fees will be adjusted to the values contained in Appendix A.

 

    6

     

    

 

SEVENTH. Authorization and Payment
Transfer. - At the time CUENTAS reports in real time the transaction confirmation including the Main Beneficiary to whom
the payment will be directed, CUENTAS authorizes the Master Agent ́s Platform to follow the Payment Processing Request.

 

When Master Agent receives a CUENTAS instruction, CUENTAS on behalf of the Payee authorizes Master Agent to credit the payment
account in favor of the specific customer and forward the payment of the funds on their behalf to the Main Beneficiary who originally
billed the specific customer for the funds to arrive as reasonably as possible. These are instructions from the Payee that both
Master Agent and CUENTAS must observe at the highest level of service and based on the invoiced payment date designated by the
Main Beneficiary. Master Agent shall perform its functions as set forth in this Agreement, and payments shall be transferred to
Master Agent and reconciled with CUENTAS on a weekly basis.

 

Master Agent will do its best to complete
all payments correctly. However, Master Agent will not be liable if it is unable to complete payments initiated due to one or more
of the following circumstances:

 

		a)	If, for reasons beyond the control of the Master Agent and CUENTAS, the Payee does not have sufficient
funds to complete the total amount of the invoice or transaction, partial payments are not accepted;

		b)	The payment processing center (from the Main Beneficiary) is not working properly;

		c)	Circumstances beyond the control of the Service (such as force majeure or fortuitous cases, including
fire, flooding) prevent the correct execution of the transaction.

 

Nonetheless the foregoing, if the Master
Agent is unable to process the Payment Processing Request and make the payment, the Master Agent will have to complete the Payment
Processing Request within the next Business day.

 

EIGHTH. Payment Method. The
Master Agent reserves the right to select the method for sending funds on behalf of CUENTAS to the Main Beneficiary in Mexico.
These payment methods may include, but are not limited to, electronic payment, payment cheque, credit card or any other form of
payment legally accepted in Mexico, or as otherwise stipulated in the agent contract between Master Agent and Main Beneficiaries.

 

NINTH. Confidential Information and
Personal Data. The Agent agrees that it will not, without the prior written consent of CUENTAS (which shall not be unreasonably
withheld), disclose (other than to its Affiliates) any Confidential Information with respect to CUENTAS or the Payees furnished
to it under this Agreement, except (i) as may be required to comply with any applicable law or regulation or pursuant to legal
process (and the Agent agrees that it will, to the extent reasonably practicable and if permitted by applicable law and regulation
or by the legal process, give CUENTAS prior written notice of such disclosure reasonably sufficient to permit CUENTAS to contest
such disclosure); (ii) in connection with the exercise of any remedies hereunder or any suit, action or proceeding relating to
this Agreement or the enforcement of rights hereunder and thereunder, and (iii) as has become generally available to the public,
is already in the Agent’s possession, or has been given to the Agent by a third party that is not, to the Agent’s knowledge,
breaching confidentiality obligations with respect to CUENTAS; provided, further, that in no event shall the Agent be obligated
or required to return any materials furnished by CUENTAS.

 

The provisions of this confidentiality
shall remain in full force and effect for a period of at least three (3) years after the expiration or termination of this Agreement.

 

Within ten (10) Business days of the expiration
or termination of this Agreement, each Party shall return to the other any physical or written record containing Confidential Information.

 

The Party that receives Confidential Information
shall protect the confidentiality of any Confidential Information disclosed by the other Party using at least the degree of care
that it uses to protect its own Confidential Information (but no less than a reasonable degree of care).

 

    7

     

    

 

The Party that receive the Confidential
Information shall, prior to providing any Affiliate, employee, or consultant access to any Confidential Information of the other
Party, inform such Affiliate, employee, or consultant of the confidential nature of such Confidential Information and require such
Affiliate, employee, or consultant to comply with its obligations hereunder with respect to such Confidential Information. The
Party that received the Confidential Information shall be responsible to the other Party for any violation of this Clause by any
such Affiliate, employee, or consultant.

 

Furthermore, with respect to the Personal
Data gathered by Master Agent though the services provided to CUENTAS and Payees under this Agreement, Master Agent shall, and
shall procure that each of its personnel, and its agents shall comply with all Data Protection Laws, to the extent applicable.

 

The Master Agent represents and warrants
to CUENTAS that it (i) shall implement appropriate technical and organizational measures in order to ensure their activities regarding
the processing of Personal Information will meet the requirements of applicable Data Protection Laws, (ii) shall implement the
necessary mechanisms and procedures to protect Personal Data in accordance with the levels required by the LFPDPPP, and (iii) it
will ensure Personal Data is kept confidential.

 

TENTH. Technical Timeouts.
CUENTAS must receive a response from Master Agent systems within 60 seconds; if the response is not received within that period,
the transaction will be considered in process, and CUENTAS must withhold the value of such transaction until the conciliation at
the end of the day. Once the Parties have an agreement about the conciliation of such day, if applicable, CUENTAS shall free the
resources from the Payee’s account and neither CUENTAS nor the payee will be liable to Master Agent for the value of this
transaction.

 

ELEVENTH. Permits and Authorizations.
The Agent shall obtain and maintain any and all required authorizations, permissions and approvals for providing the Service
and for the manufacture, marketing, distribution, sale and use of the Platform.

 

TWELFTH. Termination.  This
Agreement shall terminate with a ten-day written notice to the Master Agent of the occurrence of any of the following events:

 

		a)	A bankruptcy petition is filed by or against the Master
Agent and is not dismissed within sixty (60) days.

		b)	The Agent becomes insolvent, makes an assignment for
the benefit of creditors or submits a request for reorganization or agreement.

		c)	The Agent does not perform any material duty required
by this Agreement and does not cure such breach within thirty (30) days of written notice of such breach. Any notice period given
under this Subsection (iii) shall be without prejudice to any claim for damages or any other rights of CUENTAS and The Agent under
this Agreement at the time of such termination.

		d)	Effect of early termination for justiciable cause:
In the event of termination of this Agreement for this reason, the Agent shall be entitled to any signed compensation and any
future payment to be received immediately.

		e)	This contract may also be terminated for non-compliance
of CUENTAS.

		f)	By agreement of the Parties.

 

THIRTEENTH. Term. This Agreement
commences on the Effective Date and unless sooner terminated, shall continue for 5 years, renewing itself automatically for additional
2 year periods in the event that neither party terminates it at least 60 days in advance of the date of expiration.

 

Notwithstanding the above mentioned, either
of the Parties may terminate this Agreement at any time and with no reason, by prior written notification to the other Party with
at least 60 (sixty) days from the effective termination date.

 

FOURTEENTH. Force Majeure.-
Neither Party shall be liable for any delay or failure to execute any Part to this Agreement due to cause or circumstances beyond
its control, such as acts of God, acts of civil or military authorities, legislative, executive or judicial acts of any governmental
entity, government regulations, embargoes, epidemics, pandemics, wars, terrorist acts, riots, insurrections, fires, explosions,
earthquakes, nuclear accidents, floods or other major environmental disturbances, power outages, strikes or for any other similar
cause (Force Majeure Condition). In the event of force majeure, the performance of the affected party shall be excused as long
as force majeure is present, and the Parties shall cooperate to minimize the adverse impact of such non-compliance.

 

    8

     

    

 

FIFTEENTH. General Provisions.-
It is expressly agreed that it will not constitute a waiver, the abstention by either party from the exercise of any right,
power, remedy or power insured by law or by this instrument or any tolerance for delay in fulfilling any of the obligations of
either Party; the same that shall not prevent the other Party, in its sole discretion, from exercising at any time those rights,
powers, remedies or powers provided for in such cases in this Agreement, which are cumulative and non-exclusive in relation to
those provided for in law.

 

Any waiver, modification, alteration or
addition to this Agreement, or any of its clauses and all notices and notices made as a result of this Agreement, shall bind the
Parties only if they have been made in writing and signed by their representatives with valid powers of attorney.

 

In the event that any provision of this
Agreement is or is to become legally ineffective or invalid, the validity or effect of the remaining clauses shall not be affected.
Without prejudice to the right of resolution provided for in this Agreement, where a clause has been declared void, it shall be
replaced by another in accordance with the common intention of the Parties reflected in this Agreement.

 

This contract may not be assigned by either
Contracting Party, unless expressly authorized in writing by the other.

 

The Parties agree to indemnify and hold
the other Party from any and all claims, including claims, actions, claims, as well as any and all damages, judgments, expenses
and/or other liability, including reasonable attorney's fees and costs incurred arising out of or relating to any of Master Agent's
activities arising out of or relating to this Agreement.

 

This Agreement is for the sole benefit
of the Parties and their permitted assignees. Nothing herein, express or implied, shall be created or construed to create any rights
enforceable by or on behalf of third parties.

 

This Agreement shall be binding and in
the best interest of the permitted successors or assigns of the Parties.

 

All obligations under this Agreement shall
be subject to the laws and orders, regulations and decisions of valid and applicable governmental agencies.

 

Any notice or notification that the Parties
must or wish to make in connection with this Agreement shall be made (i) personally with acknowledgement of receipt, (ii) by specialized
courier, with acknowledgement of receipt, or (iii) by e-mail, to the following addresses, e-mails:

 

For Master Agent:

Address:

Xxxxx

email@email.com

 

For CUENTAS:

Address:

Xxxxx

email@email.com

 

For Master Agent’s
Correspondent:

Address:

Xxxxx

email@email.com

 

    9

     

    

 

SIXTEENTH: Money Laundering And Financing
Terrorism.- The Parties manifest under the gravity of the oath, that the origin of the funds to be delivered under this
contract is lawful and that the resources do not come from the money laundering, financing of terrorism, drug trafficking, illegal
collection of money and in general of any illicit activity and which are also aware of the penalties contained in the Anti-Money
Laundering Laws applicable to each Party; in the same way, they manifest under the gravity of the oath, that the resources that
will receive developing this contract, will not be earmarked for any of the activities described above and that such funds , as
well as transactions carried out under this contract, have no or effect on the conduct or financing of illegal activities; therefore,
each Party exempts the other from all liability, including to third parties, if this statement is false or erroneous. For the purposes
of the foregoing, each Party expressly authorizes the other party to consult the relevant lists, information systems and databases
and, if any reports are found, may advance the corresponding contractual and/or legal actions.

 

The Parties undertake to carry out all
activities aimed at ensuring that all their partners, administrators, customers, suppliers, employees, etc., and their resources,
are unrelated or come from, illegal activities, in particular, of those set out above. Furthermore, the Parties undertake to comply
in all relevant aspects with the Anti-Moni Laundering Laws applicable to each Party.

 

SEVENTEENTH. Personal
Data. - The Parties hereby authorize the processing of personal data that are required and provided for the correct execution
of the contracted object and of which their employees, collaborators, dependents, partners, contractors, shareholders, suppliers,
customers, agents or in general of any person who may intervene at any stage of the execution of the contract on assistance of
the Parties are holders. The above authorization includes the possibility of transmitting and/or transferring the national and
international personal data provided where this is necessary for the performance of the Agreement.

 

EIGHTEENTH. Indemnification.-
Master agent hereby agrees to indemnify, defend and hold harmless Cuentas, and
its respective officers, directors and employees from and against any and all losses resulting from or arising out of: (i) any
misrepresentation, alleged misrepresentation, breach or alleged breach of any warranty, covenant or agreement made in this Agreement;
(ii) any and all claims, investigations, suits or proceedings initiated by any Governmental Authority, regarding, caused by or
derived from any non-compliance, breach or default, with respect to the of any applicable legal and regulatory provisions; and
(iii) all claims, investigations, suits or proceedings initiated by Main Beneficiaries, regarding, caused by or derived from this
Agreement.

 

Master Agent undertakes
to defend CUENTAS from any judicial or extrajudicial claim, for the reasons set out above, arising in the development of this Agreement
and to recognize the costs associated with such defense, including but not limited to attorneys' fees and auxiliaries to justice.

 

Any party receiving a
notification undertakes to notify the other Party immediately using the most expeditious means for the obligated party to assume
the defense in the shortest possible time. In the event of omission of the duty of notification, the obligated party may waive
its obligations to the extent that such omission has affected its right to the defense.

 

NINETEENTH. Business
Continuity. The Parties agree that the uninterrupted provision of the Services by the Agent is essential for the business
operations of CUENTAS. Therefore, the Agent will develop, implement and maintain business continuity policies and disaster recovery
plans and ensure that its staff is adequately trained to execute the plan in the event of a disaster or Force Majeure Event or
any other emergency or discontinuation of business that disrupts the performance of the Services. This plan should be reviewed,
tested and updated on an annual basis. At CUENTAS’ request, from time to time, the Agent shall provide an audit report of
an independent auditor assessing Agent’s state of business continuity management readiness and compliance with the business
continuity and disaster recovery provisions of this Agreement.

 

TWENTIETH. Modification.
No modification or amendment to this Agreement shall be effective unless in writing signed by authorized representatives of
both Parties.

 

TWENTY-FIRST.
Governing Law, Venue. The
validity, interpretation, and performance of this Agreement shall be governed by the laws of the State of Florida or Mexico City
without giving effect to the conflicts of law provisions thereof. Any disputes, controversies, or claims in connection with or
arising out of this Agreement, its negotiation, breach, existence, validity, or termination, shall proceed in a federal or state
court located, in the Borough of Miami, Florida or Mexico City, on the election of the plaintiff. Each Party hereby irrevocably
submits to the exclusive jurisdiction of such courts. Each Party irrevocably waives, to the fullest extent permitted by Applicable
Law, any objection to the laying of venue in such courts of any legal action or proceeding arising out of or relating to this
Agreement and any claim that any such action or proceeding has been brought in an inconvenient forum. EACH PARTY IRREVOCABLY WAIVES
THE RIGHT TO TRIAL BY JURY IN ANY ACTION ARISING OUT OF OR RELATING TO THIS AGREEMENT. Service of process shall be made in any
manner allowed by applicable Law. 

 

    10

     

    

 

IN WITNESS WHEREOF, the Parties hereto have executed this Agreement
in, as of the day and year first above written.

 

	CUENTAS, INC.	 	Corporación en Investigación Tecnológica
    e
	 	 	 	Informática, S.A.P.I. de C.V.
	 	 	 	 	 
	By:	/s/ Arik Maimon	 	By: 	/s/ Humberto García Marín
	Name: 	Arik Maimon	 	Name: 	Humberto García Marín
	Title:	CEO	 	Title:	CEO

 

    11

     

    

 

APPENDIX A

 

RATES FOR AGENT SERVICES AND PAYMENT
PROCESSING

 

Below is the rate table that CUENTAS must
pay Master Agent Correspondent for each transaction that CUENTAS sends for termination of an invoice.

 

	Annual
    Volume of transactions USD (top of rank)
	 $
    1,000,000.00 	 $
    5,000,000.00 	 $
    20,000,000.00 	 $
    40,000,000.00 	 $
    50,000,000.00 
	USD
    per transaction
	$    REDACTED	$    REDACTED	$    REDACTED 	$    REDACTED	$    REDACTED

 

For all transactions processed by CUENTAS
in USA, CUENTAS will pay Master Agent Correspondent a per transaction service fee specified in the above table to process the payment
on behalf of the Payee to the Main Beneficiary in in Mexico.

 

This service fee represents CUENTAS payment
processing service fee, paid by CUENTAS.

 

These payments must be done in USD dollars
to Master Agent Correspondent every seven business days.

 

The following table includes the services
that will be processed online or batch and if is allowed or not the cancelation of the payment and its condition to accept the
cancellation.

 

	MAIN BENEFICIARIES	PROCESSING

PAYMENT

    OPTION	BALANCE REQUEST ALLOWED?	PAYMENYS ON DUE DATE?
	CANCELLATIONS?	CANCEL CONDITIONS

	WATER
    SERVICES	 	 	 	 	 
	AGUAKAN (Quintana Roo)	BATCH	NO	NO	YES	OVER THE SAME DAY OF THE TRANSACTION
	AyDM (Monterrey)	BATCH	NO	NO	NO	NA
	JUMAPA (Celaya)	BATCH	NO	NO	NO	NA
	YESAPA (Guadalajara)	BATCH	NO	NO	NO	NA
	CMAPAS (Salamanca)	BATCH	NO	NO	NO	NA
	AMD (Aguas de Durango)	BATCH	NO	NO	NO	NA
	VEOLIA (Agua de Aguascalientes)	BATCH	NO	NO	YES	NA
	COMAPA (Nuevo Laredo)	BATCH	NO	NO	NO	NA
	AGUA DE SALTILLO	BATCH	NO	NO	NO	NA

 

    12

     

    

 

	JAPAY (Agua de Mérida)	BATCH	NO	NO	YES	OVER THE SAME DAY OF THE TRANSACTION
	SOAPAP (Puebla)	ONLINE	YES	NO	YES	OVER THE SAME DAY OF THE TRANSACTION
	INTERAPAS (San Luis PotoYES)	BATCH	NO	NO	NO	NA
	JMAS (Chihuahua)	BATCH	NO	NO	NO	NA
	JAD (Matamoros)	BATCH	NO	NO	NO	NA
	CESPE (Ensenada)	ONLINE	YES	NO	NO	NA
	CESPE (Ensenada)	ONLINE	YES	NO	NO	NA
	CEA (Querétaro)	ONLINE	NO	NO	NO	NA
	CESPT (Tijuana)	BATCH	NO	NO	YES	OVER THE SAME DAY OF THE TRANSACTION
	YESDEAPA (Gómez Palacio)	BATCH	YES	NO	YES	OVER THE SAME DAY OF THE TRANSACTION
	TELECOMUNICATIONS FIXED LINES	 	 	 	 
	AXTEL	BATCH	NO	NO	YES	OVER THE SAME DAY OF THE TRANSACTION
	MAXCOM	ONLINE	YES	NO	YES	OVER THE SAME DAY OF THE TRANSACTION
	MAXCOM	ONLINE	YES	NO	YES	OVER THE SAME DAY OF THE TRANSACTION
	TELMEX	ONLINE	YES	YES	YES	OVER THE SAME DAY OF THE TRANSACTION

 

    13

     

    

 

	TELMEX	ONLINE	YES	YES	YES	OVER THE SAME DAY OF THE TRANSACTION
	TELNOR	ONLINE	YES	YES	YES	OVER THE SAME DAY OF THE TRANSACTION
	TELNOR	ONLINE	YES	YES	YES	OVER THE SAME DAY OF THE TRANSACTION
	TV PAYMENT SERVICES	 	 	 	 	 
	NETTV	ONLINE	YES	YES	NO	NA
	CABLEVIYESÓN MONTERREY	BATCH	NO	NO	YES	OVER THE SAME DAY OF THE TRANSACTION
	MULTIMEDIOS SALTILLO	BATCH	NO	NO	YES	OVER THE SAME DAY OF THE TRANSACTION
	DISH	ONLINE	YES	YES	YES	OVER THE SAME DAY OF THE TRANSACTION
	IZZI TELECOM	ONLINE	YES	YES	YES	OVER THE SAME DAY OF THE TRANSACTION
	SKY	ONLINE	YES	YES	YES	OVER THE SAME DAY OF THE TRANSACTION
	VeTV	ONLINE	YES	YES	YES	OVER THE SAME DAY OF THE TRANSACTION
	MEGACABLE	ONLINE	YES	YES	YES	OVER THE SAME DAY OF THE TRANSACTION
	MEGACABLE	ONLINE	YES	YES	YES	OVER THE SAME DAY OF THE TRANSACTION

 

    14

     

    

 

	TOTAL PLAY	ONLINE	YES	YES	YES	OVER THE SAME DAY OF THE TRANSACTION
	INTERNET
    SERVICES	 	 	 	 	 
	BLUE TELECOM	ONLINE	YES	YES	YES	OVER THE SAME DAY OF THE TRANSACTION
	ON	ONLINE	YES	YES	YES	OVER THE SAME DAY OF THE TRANSACTION
	GAS
    SERVICES	 	 	 	 	 
	GAS NATURAL NATURGY	ONLINE	YES	YES	NO	NA
	FEDERAL GOVERMENT SERVICES	 	 	 	 
	CFE	ONLINE	YES	YES	YES	OVER THE SAME DAY OF THE TRANSACTION
	INFONAVIT	BATCH	NO	NO	YES	OVER THE SAME DAY OF THE TRANSACTION
	GOVERNMENT
    PAYMENTS	 	 	 	 	 
	GOBIERNO DEL ESTADO DE MÉXICO*	ONLINE	NO	NO	NO	NA
	GOBIERNO DE LA CIUDAD DE MÉXICO*	ONLINE	NO	NO	NO	NA
	GOBIERNO DE GUANAJUATO*	ONLINE	NO	NO	NO	NA
	GOBIERNO DE JALISCO*	BATCH	NO	NO	NO	NA
	GOBIERNO DE MICHOACÁN*	ONLINE	NO	NO	NO	NA
	GOBIERNO DE TLAXCALA*	ONLINE	NO	NO	NO	NA
	GOBIERNO DE COAHUILA*	ONLINE	NO	NO	NO	NA
	GOBIERNO DE HIDALGO*	ONLINE	NO	NO	NO	NA

 

    15

     

    

 

	MUNICIPIO DE QUERÉTARO*	BATCH	NO	NO	NO	NA
	MUNICIPIO DE LEÓN*	ONLINE	NO	NO	NO	NA
	MUNICIPIO DE NAUCALPAN *	ONLINE	NO	NO	NO	NA
	MUNICIPIO DE REYNOSA	ONLINE	NO	NO	NO	NA
	TELCO
    SECTOR	 	 	 	 	 
	MOVISTAR 	ONLINE	NO	NO	YES	OVER THE SAME DAY OF THE TRANSACTION
	TELCEL*	ONLINE	YES	NO	NO	NA
	AT&T/IUSACELL	ONLINE	YES	YES	YES	OVER THE SAME DAY OF THE TRANSACTION
	ROADWAY
    CHARGES	 	 	 	 	 
	TELEVIA	ONLINE	NO	NO	NO	NA
	PASE*	ONLINE	YES	NO	NO	NA
	RETAIL	 	 	 	 	 
	MUNDOJADE	BATCH	NO	NO	YES	OVER THE SAME DAY OF THE TRANSACTION
	NATURA	BATCH	NO	NO	NO	NA
	ILUYESÓN	BATCH	NO	NO	NO	NA
	AVON	BATCH	NO	NO	NO	NA
	L ́BEL	BATCH	NO	NO	NO	NA
	FINANCIAL
    SERVICES	 	 	 	 	 
	ALIADOS	ONLINE	NO	NO	YES	OVER THE SAME DAY OF THE TRANSACTION
	FOMERREY *	BATCH	NO	NO	YES	OVER THE SAME DAY OF THE TRANSACTION
	INSTITUTO DE LA VIVIENDA DE MONTERREY *	BATCH	NO	NO	YES	OVER THE SAME DAY OF THE TRANSACTION

 

    16

     

    

 

APPENDIX B

 

Master Agent will provide exclusive access to Cuentas for
this agreement regarding International Bill Pay activities from the USA to Mexico. Master Agent will not offer International Bill
Pay services from the USA to Mexico to other parties while this agreement is active.

 

    17

     

    

 

APPENDIX C

 

A third party Agent will receive a commission for making
the introduction between the parties.

 

 

18

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