Document:

Exhibit 10.2

 

CERTAIN PORTIONS
OF THESE MATERIALS HAVE BEEN OMITTED BASED ON A REQUEST FOR CONFIDENTIAL TREATMENT SUBMITTED TO THE U.S. SECURITIES AND EXCHANGE
COMMISSION (THE “SEC”). THE NON-PUBLIC INFORMATION HAS BEEN OMITTED AND HAS BEEN SEPARATELY FILED WITH THE SEC. EACH
REDACTED PORTION OF THE AGREEMENT IS INDICATED BY A “[XXXX]” AND IS SUBJECT TO THE REQUEST FOR CONFIDENTIAL TREATMENT
SUBMITTED TO THE SEC. THE REDACTED INFORMATION IS CONFIDENTIAL INFORMATION OF GLOBAL AXCESS CORP.

 

GROUP CONTRACT

AMENDMENT 

 

THIS GROUP CONTRACT
AMENDMENT (this “Amendment”) is made as of the 20th day of December, 2011, by and among
Nationwide Money Services, Inc., a Nevada corporation (“Nationwide”), Food Lion, LLC, a North Carolina limited liability
company (“Food Lion”), J.H. Harvey Co., LLC, a Georgia limited liability company (“Harvey”) and Kash N’
Carry Food Stores, Inc., a Delaware corporation (“K&K,” and together with Food Lion and Harvey, each a “Merchant”
and together, the “Merchants”). Nationwide, Food Lion, Harvey and K&K are sometimes referred to in this Amendment
collectively as, the “Parties,” and individually as, a “Party”).

 

W I T N E S S E T H:

 

WHEREAS, Food
Lion, LLC and Nationwide are parties to that certain Agreement dated as of October 5, 2001 (as amended by Amendment No. 1 to the
Agreement by and between Food Lion and Nationwide, dated as of August 28, 2003, and as it may be further amended, modified or restated,
the “Food Lion Agreement”); and

 

WHEREAS, Harvey
and Nationwide are parties to that certain Automated Teller Machine License/Use Agreement dated as of January 20, 2010 (as amended,
modified or restated, the “Harvey Agreement”); and

 

WHEREAS, Nationwide
and K&K are parties to that certain Agreement dated October 10, 2001 (as amended by Amendment No. 1 to the Agreement by and
between K&K and Nationwide dated August 28, 2003, and as it may be further amended, modified or restated, the “K&K
Agreement”); and

 

WHEREAS, the
Parties desire to modify certain provisions of the Food Lion Agreement, the Harvey Agreement and the K&K Agreement (collectively,
the “Agreements”), so that such provisions are uniform among the three Agreements;

 

    	

    	 

    

CERTAIN PORTIONS
OF THESE MATERIALS HAVE BEEN OMITTED BASED ON A REQUEST FOR CONFIDENTIAL TREATMENT SUBMITTED TO THE U.S. SECURITIES AND EXCHANGE
COMMISSION (THE “SEC”). THE NON-PUBLIC INFORMATION HAS BEEN OMITTED AND HAS BEEN SEPARATELY FILED WITH THE SEC. EACH
REDACTED PORTION OF THE AGREEMENT IS INDICATED BY A “[XXXX]” AND IS SUBJECT TO THE REQUEST FOR CONFIDENTIAL TREATMENT
SUBMITTED TO THE SEC. THE REDACTED INFORMATION IS CONFIDENTIAL INFORMATION OF GLOBAL AXCESS CORP.

 

NOW THEREFORE, in consideration
of the mutual covenants and promises contained herein and for other good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged, the Parties agree as follows:

 

1.                 
Extension. The Parties agree and acknowledge that each of the Agreements shall remain (and have remained)
in full force and effect in accordance with their current terms and provisions until December 31, 2011, and as amended, shall continue
in force until December 31, 2014, as set forth in Section 2(A) below.

 

2.                 
Amendment. The Parties agree that, effective as of January 1, 2012, each of the Agreements shall be amended
as follows:

 

Notwithstanding any
provision of any of the Agreements to the contrary, each of the Agreements shall, effective as of January 1, 2012 be amended to
include the following provisions and to delete any provision of the Agreements that is in conflict therewith. For the avoidance
of doubt, the following amendments are, among other things, intended to replace, in their entirety, any provisions requiring Nationwide
to make any payments or revenue share with respect to any automated teller machines (“ATM’s”) placed pursuant
to the Agreements (including, without limitation, any portion of screen advertising or coupon revenues), payments required to be
made to Nationwide in connection with any ATM that is moved at the request of Merchant, the fee paid by Food Lion, Harvey or K&K
for a permanent removal of an ATM at such Party’s request and Nationwide’s rights to remove ATM’s due to performance
issues.

 

A.               
Term. Each Agreement shall continue in full force and effect, unless earlier terminated as permitted in such Agreement,
until December 31, 2014.

 

B.                
Surcharge. Nationwide shall not charge a surcharge in excess of $[XXX] without the prior written consent of the applicable
Merchant. In addition, Nationwide shall not charge any surcharge for transactions which relate to any of the credit unions set
forth in Exhibit A attached hereto, or any other credit union with which Delhaize Group (the parent of each of the Merchants) has
a contractual relationship of which Nationwide is informed in writing, in each case, so long as such credit union continues to
contract with Delhaize (collectively, a “Delhaize Associated Credit Union”).

 

C.                
Revenue Share. Nationwide shall pay each Merchant an amount equal to (i) [XXXXX percent (XX%)] of the surcharge revenue
received by Nationwide, plus [XXX] ($[XXX]) per Free Transaction (as defined below), in each case, with respect transactions
undertaken at ATM’s placed at such Merchant’s location pursuant to an Agreement. For purposes of calculation of the
above revenue share, “Free Transaction” shall mean any cash withdrawal from a checking or savings account or any credit
card or debit card cash advance, for which Nationwide does not receive any surcharge, other than transactions relating to Delhaize
Associated Credit Unions (as defined in Section B above) and electronic benefit transfers (EBTs) for which no surcharge is permitted
to be charged by law.

 

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CERTAIN PORTIONS
OF THESE MATERIALS HAVE BEEN OMITTED BASED ON A REQUEST FOR CONFIDENTIAL TREATMENT SUBMITTED TO THE U.S. SECURITIES AND EXCHANGE
COMMISSION (THE “SEC”). THE NON-PUBLIC INFORMATION HAS BEEN OMITTED AND HAS BEEN SEPARATELY FILED WITH THE SEC. EACH
REDACTED PORTION OF THE AGREEMENT IS INDICATED BY A “[XXXX]” AND IS SUBJECT TO THE REQUEST FOR CONFIDENTIAL TREATMENT
SUBMITTED TO THE SEC. THE REDACTED INFORMATION IS CONFIDENTIAL INFORMATION OF GLOBAL AXCESS CORP.

 

 

D.               
New Site Setup Expenses. Merchant will pre-wire electrical and telephone lines, for purposes of placing an ATM in
a newly constructed location. Such costs shall be borne by Merchant. Merchant shall provide power and floor space, and prepare
the same to enable installation of an ATM, at no cost to Nationwide. Nationwide shall not charge Merchant for any installation
of an ATM and shall be responsible for all other costs related to the installation of ATM’s pursuant to the Agreements. Nothing
herein is intended to change Merchant’s obligations with respect to the purchase or maintenance of bumpers as set forth in
the Agreements.

 

E.                
Branding/Advertising. Nationwide shall receive the approval of Merchant before any advertising is placed on, or displayed
through, an ATM placed under an Agreement.

 

F.                 
Telecommunications. Nationwide shall be responsible for providing telecommunication services for ATM’s placed
under the Agreement. In cases where it is necessary for Merchant to provide phone service, Nationwide will pay Merchant a one-time
fee of $[XXX], due upon the initiation of such phone service, and a $[XXX] fee per month thereafter, payable monthly in arrears payment
of the revenue share.

 

G.               
ATM Moving Fees. In the event that Merchant requests Nationwide to change the location of an ATM within a store,
Merchant shall pay Nationwide the following fees:

 

(i)               
$[XXX], if Merchant provides Nationwide at least 21 days’ notice;

 

(ii)              
$[XXX], if Merchant provides Nationwide with less than 21 days’ notice;

 

(iii)            
$[XXX], if Merchant requests that Nationwide remove an ATM and re-install such ATM at a later date (which date must be within
at least ninety days of the date of such removal of the ATM, or Merchant shall be subject to the fees set forth in Section H below).

 

Any relocation of an
ATM requested by Nationwide or to comply with the Americans with Disabilities Act, shall be at Nationwide’s expense.

 

H.               
Removal of ATM for In-Store Bank. Merchant shall have the right to request Nationwide to remove an ATM in the event
that Merchant is installing a bank branch ATM at such location. In such event, Nationwide will coordinate with Merchant for the
removal of such ATM within thirty (30) days of such request. Upon removal of an ATM pursuant to this Section H, Merchant shall
pay Nationwide a permanent removal fee equal to $[XXX], plus $[XXX] times the number of months remaining in the Term (as set forth in
Section A of this Amendment).

 

I.                  
ATM Uptime Commitment. Nationwide shall maintain the ATM’s so that they are functional greater than [XXX]% of
the time, as calculated for each calendar month.

 

J.                  
ADA Compliance. All ATM’s placed pursuant to the Agreements shall be compliant with the Americans with Disabilities
Act prior to March 15, 2012, or such later date as may be provided for such compliance by law.

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CERTAIN PORTIONS
OF THESE MATERIALS HAVE BEEN OMITTED BASED ON A REQUEST FOR CONFIDENTIAL TREATMENT SUBMITTED TO THE U.S. SECURITIES AND EXCHANGE
COMMISSION (THE “SEC”). THE NON-PUBLIC INFORMATION HAS BEEN OMITTED AND HAS BEEN SEPARATELY FILED WITH THE SEC. EACH
REDACTED PORTION OF THE AGREEMENT IS INDICATED BY A “[XXXX]” AND IS SUBJECT TO THE REQUEST FOR CONFIDENTIAL TREATMENT
SUBMITTED TO THE SEC. THE REDACTED INFORMATION IS CONFIDENTIAL INFORMATION OF GLOBAL AXCESS CORP.

 

 

K.               
Security. Nationwide shall maintain compliance with the PCI security standards and all other applicable security
rules and regulations imposed by law. Nationwide agrees to promptly notify Merchant of any breach in such security requirements.

 

L.                
Removal of ATM’s by Nationwide. If, in any calendar month the average number of transactions per ATM for the
ATM’s placed at a Merchant is less than the threshold set forth below, Nationwide may, but shall not be obligated to, remove
ATM’s placed at such Merchant’s locations, so that the calculation for such month with respect to the remaining ATM’s
would exceed the threshold. For purposes of the foregoing, the threshold shall be an average of [XXX] transactions per ATM per month
for Food Lion and K&K, and shall be [XXX] transactions per ATM per month for Harvey.

 

3.                 
Survival of License Agreement. Except as expressly amended hereby, all terms, conditions and obligations contained
in the Agreements shall remain in full force and effect.

 

4.                 
Counterparts. This Agreement may be executed in two or more counterparts, each of which will be deemed an
original, but all of which together will constitute one and the same instrument. Signatures delivered as facsimiles shall be binding
to the same extent as original signatures.

 

IN WITNESS WHEREOF,
the Parties have executed this Amendment as of the date first set forth above.

 

 

	 	NATIONWIDE MONEY SERVICES, INC.
	 	 
	 	By: 	/s/ Lock Ireland
	 	 	
        Lock Ireland
        

        Title: CEO

 

 

	 	FOOD LION, LLC
	 	 
	 	By: 	/s/ Patti Fletcher
	 	 	
        Name: Patti Fletcher

        Title: Assistant Treasurer

 

 

	 	J.H. HARVEY CO., LLC.
	 	 
	 	By: 	/s/ [Insert Name]
	 	 	
        Name: Patti Fletcher

        Title: Assistant Treasurer

 

 

	 	KASH N’ CARRY FOOD STORES, INC.
	 	 
	 	By: 	/s/ Patti Fletcher
	 	 	
        Name: Patti Fletcher
        

        Title: Assistant Treasurer

 

    	4

    	 

    
 

 

 Exhibit A

 

Food Lion Credit Association

 

 

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Exhibit A

To Group Contract Amendment

 

Service Provider Privacy, Confidentiality
and Information Security Addendum

 

This Service Provider
Privacy, Confidentiality and Information Security Addendum (this “Addendum”) sets forth the terms and conditions relating
to the privacy, confidentiality and security of Personal Information (as defined below) associated with services rendered pursuant
to the Agreements.

 

1.            
DEFINITIONS

 

All capitalized terms
used in this Addendum but not defined herein shall have the same meaning ascribed to such terms in the Agreement as supplemented
by this Addendum.

 

1.1.        
“Access” means access to: (i) Personal Information and/or (ii) Customer information technology (“IT”)
resources or systems which use, process or store Personal Information and/or (iii) Customer facilities where Personal Information
is used or stored, including, but not limited to, corporate offices, distribution centers, or retail stores.

 

1.2.        
“PCI Standard” means the Payment Card Industry Data Security Standard of the PCI Security Standards Council,
as may be amended from time to time, which can be found at https://www.pcisecuritystandards.orp/.

 

1.3.        
“Personal Information” means any information relating to an identified or identifiable individual, including,
but not limited to, name, postal or email address, Social Security number, driver’s license number, date of birth, demographic
information, health or medical information, checking and credit card account data, personal identification number, next of kin
contact information, in whatever format, including that contained in communications, documents, databases, records, or materials
of any kind whether in individual or aggregate form, and regardless of the media in which it is contained, that may be (i) disclosed
at any time to Service Provider or Service Provider Personnel by Customer or Customer Personnel in anticipation of, in connection
with or incidental to the performance of services of or on behalf of Customer; (ii) Processed (as defined below) at any time by
Service Provider or Service Provider Personnel in connection with or incidental to the performance of this Addendum or the Agreement;
or (iii) derived by Service Provider or Service Provider Personnel from the information described in (i) or (ii) above. Personal
Information includes cardholder data from Customer’s customers, including but not limited to, transaction authorization information,
credit card numbers, service codes and expiration dates, and Track 1 and Track 2 data contained on the magnetic stripe of standard
credit and debit cards and other information within the scope of the PCI Standard (collectively, “Cardholder Data”).

 

1.4.        
“Process”, “Processed” or “Processing” means any operation or set of operations performed
upon Personal Information, whether or not by automatic means, such as creating, collecting, procuring, obtaining, accessing, recording,
organizing, storing, adapting, altering, retrieving, consulting, using, disclosing, transmitting or destroying the data.

 

2.            
PROTECTION OF PERSONAL INFORMATION

 

2.1.        
OBLIGATION TO PROTECT.

 

2.1.1.        
Service Provider’s obligations regarding Personal Information shall extend to employees, officers, directors, agents,
advisors, contractors, any subcontractors or other party or person acting on behalf of or at the direction of Service Provider
(collectively, “Service Provider Personnel”) with Access pursuant to the Agreement or the performance of Services thereunder.
Service Provider shall limit Access to Service Provider Personnel who have a need to know the Personal Information as a condition
to Service Provider’s performance of Services for or on behalf of Customer and who have agreed in writing to comply with
legally-enforceable privacy, confidentiality and security obligations that are substantially similar to those required by this
Addendum (including in the case of contractors and subcontractors, an acknowledgement of their responsibility for the security
of any Cardholder Data where such contractors or subcontractors Process Cardholder Data or manage any systems (or components of
such systems) that store, process or transmit Cardholder Data). Service Provider shall ensure that all Service Provider Personnel
comply with the provisions of this Addendum regarding the handling and treatment of Personal Information.

 

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2.1.2.        
Service Provider shall not contract any of its rights or obligations concerning Personal Information without the prior written
consent of Customer. Where Service Provider, with the consent of Customer, contracts such rights or obligations, Service Provider
shall enter into a written agreement with each contractor that imposes obligations on the contractor that are substantially similar
to those imposed on Service Provider under this Addendum. Service Provider shall only retain contractors that Service Provider
reasonably can expect to be suitable and capable of performing the delegated obligations in accordance with this Addendum, the
Agreement and Customer’s instructions.

 

2.1.3.        
Service Provider agrees to hold, maintain, and manage (i) the existence and terms of this Addendum, and any related agreement,
and (ii) any and all Personal Information in strictest confidence and use due care to prevent any unauthorized or inappropriate
disclosure. Service Provider will not, and will not allow any third party under its control (including Service Provider Personnel)
to transmit or disclose any of the Personal Information to any third party, except as required in the provision of the Services,
required by law or governmental order, or otherwise with Customer’s express written consent.

 

2.1.4.        
Service Provider shall notify Customer promptly in writing of any subpoena or other judicial or administrative order by
a government authority or proceeding seeking access to or disclosure of Personal Information. Customer shall have the right to
defend such action in lieu of and on behalf of Service Provider. Customer may, if it so chooses, seek a protective order. Service
Provider shall reasonably cooperate with Customer in such efforts.

 

2.1.5.        
Service Provider covenants and agrees to adhere to all applicable requirements to be considered compliant with the PCI Standard
and shall perform the necessary steps to validate its compliance with the PCI Standard. Service Provider shall provide to Customer
a copy of its most recent validation of PCI Standard compliance and all supporting documentation (including any exceptions noted
therein) promptly following the Amendment Effective Date, and on an annual basis thereafter (or at such other time to coincide
with Customer’s own PCI Standard certification). Service Provider will promptly notify Customer if it learns that it is no
longer compliant with the PCI Standard, or reasonably anticipates that it is or will be non-compliant, and will promptly inform
Customer of the steps being taken to remediate such non-compliance. Service Provider acknowledges that it is responsible for the
security of any Cardholder Data in its possession.

 

2.2.        
SERVICE PROVIDER WRITTEN SECURITY POLICY.

 

2.2.1.        
Service Provider hereby warrants, represents and covenants that, as of the Amendment Effective Date, it has and will at
all times during the term of the Agreement, maintain a comprehensive written information security program that complies with applicable
Privacy Laws (as defined below). Service Provider’s information security program shall include appropriate administrative,
technical, physical, organizational and operational safeguards and other security measures designed to (a) establish minimum standards
to be met in connection with the safeguarding of Personal Information contained in both paper and electronic records; (b) protect
the security and confidentiality of Personal Information in a manner consistent with applicable industry standards; (c) protect
against anticipated threats or hazards to the security or integrity of Personal Information; and (d) protect against any actual
or suspected unauthorized Processing, loss, use, disclosure or acquisition of or Access to any Personal Information (hereinafter
“Information Security Incident”).

 

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2.2.2.        
Service Provider shall immediately inform Customer in writing of any Information Security Incident of which Service Provider
becomes aware. Such notice shall summarize in reasonable detail the effect on Customer, if known, of the Information Security Incident
and the corrective action taken or to be taken by Service Provider. Service Provider shall promptly take all necessary and advisable
corrective actions, and shall cooperate fully with Customer in all reasonable and lawful efforts to prevent, mitigate or rectify
such Information Security Incident. The content of any filings, communications, notices, press releases or reports related to any
Information Security Incident must be approved by Customer prior to any publication or communication thereof.

 

2.2.3.        
Service Provider shall provide appropriate training to and exercise the necessary and appropriate supervision over its relevant
Service Provider Personnel to maintain appropriate privacy, confidentiality and security of Personal Information.

 

2.3.        
RETURN OR SECURE DESTRUCTION OF PERSONAL INFORMATION. Promptly upon the expiration or termination of the Agreement
or as otherwise requested by Customer, Service Provider shall, at Customer’s written request, either (i) destroy or render
unreadable or undecipherable, or (ii) return to Customer, each and every original and copy in every media of all Personal Information
in Service Provider’s possession, custody or control by secure means.

 

2.4.        
COMPLIANCE.

 

2.4.1.        
Service Provider agrees to comply with: (i) all applicable federal, state, and local laws, rules, regulations and governmental
requirements, as the same may be amended or supplemented from time to time, pertaining in any way to the privacy, confidentiality,
security, management, disclosure, reporting, and any other obligations attaching or arising from the possession or use of Personal
Information, including without limitation, the Gramm-Leach-Bliley Act (“GLBA”), 15 U.S.C. § § 6801-6827,
and all regulations implementing GLBA; the Fair Credit Reporting Act (“FCRA”), 15 U.S.C. § 1681 et seq., as amended
by the Fair and Accurate Credit Transactions Act (“FACTA”), and all regulations implementing the FCRA and FACTA; the
Controlling the Assault of Non-Solicited Pornography and Marketing Act (CAN-SPAM); security breach notification laws; laws imposing
minimum security requirements (such as 201 Mass. Code Reg. 17.00); laws requiring the secure disposal of records containing certain
Personal Information (such as N.Y. Gen. Bus. Law § 399-H)] (collectively, the “Privacy Laws”); (ii) all applicable
industry standards concerning privacy, data protection, confidentiality or information security, including, without limitation,
the PCI Standard; and (iii) all applicable provisions of Customer written policies currently in effect and as they become effective
relating in any way to the privacy, confidentiality and security of Personal Information or applicable privacy policies, statements
or notices that are provided to Service Provider in writing.

 

2.4.2.        
Service Provider warrants that no applicable law, or legal requirement, or privacy or information security enforcement action,
investigation, litigation or claim prohibits Service Provider from fulfilling its obligations under this Addendum. In the event
a law, or legal requirement, or privacy or information security enforcement action, investigation, litigation or claim, or any
other circumstance, is reasonably likely to adversely affect Service Provider’s ability to fulfill its obligations under
this Addendum, Service Provider shall promptly notify Customer in writing and Customer may, in its sole discretion and without
penalty of any kind to Customer, suspend the transfer or disclosure of Personal Information to Service Provider or access to Personal
Information by Service Provider, terminate any further Processing of Personal Information by Service Provider, and terminate the
Agreement, if doing so is necessary to comply with applicable Privacy Laws.

 

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2.4.3.        
Service Provider shall enter into any further privacy or information security agreement reasonably requested by Customer
for the purpose of compliance with applicable Privacy Laws. In case of any conflict between this Addendum and any such further
data privacy or information security agreement, such further agreement shall prevail with regard to the Processing of Personal
Information covered by it.

 

2.5.        
INJUNCTIVE RELIEF. Service Provider agrees that any Processing of Personal Information in violation of Section 2
of this Addendum, Customer’s instructions or any applicable Privacy Law, or any Information Security Incident, may cause
immediate and irreparable harm to Customer for which money damages may not constitute an adequate remedy. Therefore, Service Provider
agrees that Customer may seek to obtain specific performance and injunctive or other equitable relief for any such violation or
incident, in addition to its remedies at law, without proof of actual damages. Service Provider agrees to waive any requirement
for the securing or posting of any bond in connection with such remedy.

 

3.            
WARRANTY AND INDEMNIFICATION

 

Service Provider warrants
and represents that it is capable of maintaining safeguards for Personal Information as otherwise provided in this Addendum. Notwithstanding
anything to the contrary in the Agreement, Service Provider shall indemnify, defend and hold harmless Customer, their officers,
directors, shareholders, and employees from any and all third-party claims, losses, demands, liabilities, suits, enforcement actions,
damages, penalties, fines, expenses and costs (including attorneys’ fees, consultants’ fees and court costs) arising
from or related to (i) the failure of Service Provider to comply with Privacy Laws; (ii) any violation of Section 2 of this Addendum;
(iii) the loss, misappropriation or other unauthorized disclosure of Personal Information by Service Provider or Service Provider
Personnel; (iv) the negligence, gross negligence, bad faith, or intentional or willful misconduct of Service Provider or Service
Provider Personnel in connection with obligations set forth in this Addendum; (v) Service Provider’s use of any contractor
providing services in connection with or relating to Service Provider’s performance under this Addendum; and (vi) any Information
Security Incident involving Personal Information in Service Provider’s possession, custody or control, or for which Service
Provider is otherwise responsible.

 

4.            
ACCESS TO CUSTOMER IT RESOURCES OR SYSTEMS

 

4.1.        
RESTRICTIONS. Except as specifically contemplated in provision of the Services, Service Provider agrees that it will
not and will not allow any Service Provider Personnel or other third party acting at its direction to (i) transfer or use Personal
Information (or access Personal Information from) outside of the United States; (ii) attempt unauthorized access to such Personal
Information; (iii) input, delete or otherwise modify any Personal Information or make any changes to the Customer’s IT resources
or systems; or (iv) access, or attempt to access, any third-party networks or systems from the Customer’s IT resources or
systems except as necessary for performance of the Services.

 

4.2.        
UNAUTHORIZED STORAGE. Unless expressly authorized in writing by Customer, Service Provider shall not allow any Personal
Information to be stored on or Accessed by laptops, USB drives, blackberry devices, or any other portable storage media belonging
to Service Provider or Service Provider’s Personnel, except as required for the performance of the Services and only for
such duration of time necessary to complete the performance of the applicable Services.

 

4.3.        
CREDENTIALS. If Service Provider or Service Provider’s Personnel is provided (i) a login ID, password or other
authentication credential such as a digital certificate, token, smartcard, or biometrics device; or (ii) Customer facility identification
cards or other physical security access permission (collectively, “Credentials”), Service Provider shall treat Credentials
with the utmost care and confidentiality to prevent unauthorized disclosure or misuse. Service Provider acknowledges that any Credentials
issued to it are Customer’s Confidential Information subject to the protections provided in the Agreement, and Service Provider
and Service Provider Personnel will not share, disclose or use the Credentials in any unauthorized manner. Service Provider agrees
that it is responsible for the actions of any individuals using the Credentials issued to it. Upon the termination of the Services
or the underlying Agreement, Service Provider will promptly return any Credentials to Customer upon request or when network or
physical access is no longer required. Service Provider shall promptly notify Customer if any Service Provider Personnel is terminated
or reassigned from Customer’s account, or is otherwise no longer performing Services under the Agreement, so that Customer
may deactivate such Service Provider Personnel’s Credentials.

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4.4.        
SECURITY DESIGN INFORMATION. For the avoidance of doubt, any information related to the design or security topology
of Customer’s IT resources and systems acquired by Service Provider or that may be gained by virtue of Service Provider’s
Access shall constitute Confidential Information of Customer, and Service Provider shall not share, disclose or use such design
or security information in any unauthorized manner.

 

4.5.        
REMOTE ACCESS. If the Services involve remote Access to a Customer IT resource or system, the parties shall agree
upon an encryption mechanism for use in exchanging any Personal Information and any other information in accordance with this Addendum.
Upon being provided the same, Service Provider shall use the approved encryption mechanism for all such communications. In addition,
Service Provider shall take all reasonable precautions to prevent transmission of a computer virus, malware, or other malicious
code to a Customer IT resource or system or any Customer customer or employee where the Services contemplate its access to a Service
Provider IT resource or system. Service Provider shall maintain current industry standard anti-virus and anti-malware tools on
its IT resources and systems that will interface with a Customer IT resource or system and shall ensure that all its IT resources
and systems are maintained with up-to-date security patches, hotfixes, and other similar software or firmware changes. Prior to
transmission of information to Customer, Service Provider will use anti-virus software to check for and eradicate viruses. Furthermore,
Service Provider shall prohibit Service Provider Personnel from using their personal IT assets or resources to gain access to any
Customer IT resource or system except as otherwise provided in the Agreement. If any Services performed by Service Provider Personnel
are performed using non-Customer-owned and controlled IT assets and resources, such assets and resources shall comply with this
Addendum. Service Provider will notify Customer promptly if a virus, malware, or other malicious code is detected in a file sent
to or received from Customer.

 

4.6.        
BACKGROUND INVESTIGATIONS. Service Provider acknowledges and agrees that it is responsible for the conduct of reference
checks, criminal background checks and such other screening measures as a reasonably prudent employer would deem appropriate, of
Service Provider Personnel prior to such individual’s performance of any Services which involve Access. Vendor shall not
assign any Vendor Personnel to Customer’s account or otherwise allow any Vendor Personnel to have Access if such Personnel
have been found to have engaged in criminal acts that involve fraud, dishonesty, or breach of trust, or that constitute a felony
under applicable law. Vendor has the ongoing duty to inform Customer promptly upon learning that any Vendor Personnel have been
convicted of a felony, and to remove any such individual promptly from Customer’s account. Notwithstanding the foregoing,
Customer, in its sole discretion, has the option of barring any person from any Customer facilities.

 

5.            
AUDIT AND MONITORING RIGHTS

 

5.1.        
CUSTOMER SYSTEMS. Service Provider’s Personnel, while using the IT resources or systems of Customer, may be
subject to monitoring and their activity recorded. Service Provider, for itself and Service Provider Personnel, expressly consents
to such monitoring and recording. No advanced notice or warning shall be required to monitor Service Provider Personnel’s
use of a Customer IT resource or system.

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5.2.        
AUDIT RIGHTS. In addition to any other audit rights provided in the Agreement, upon reasonable advance notice, Customer
shall have the right to audit Service Provider’s information to the extent required to assess compliance with the terms of
this Addendum. During normal business hours, with reasonable notice, Customer or its authorized representatives may reasonably
inspect Service Provider’s facilities and equipment, and any information or materials in Service Provider’s possession,
custody or control, relating to Service Provider’s obligations under Section 2 of this Addendum. Such audit may be conducted
by reputable third party auditors hired on behalf of Customer and reasonably acceptable to Service Provider, and shall be conducted
so as to minimize any disruption to the Service Provider’s operations. Service Provider shall provide reasonable cooperation
with such auditors and will provide reasonable access to facilities necessary to audit and test compliance. Service Provider shall
deal promptly and appropriately with any inquiries from Customer relating to the Processing of Personal Information subject to
this Addendum.

 

5.3.        
REPORTS. At Customer’s reasonable request (depending upon the type of Access pursuant to the Agreement or the
performance of Services thereunder), Service Provider will provide, or cause to be prepared and provided, (i) a description prepared
by management of Service Provider of Service Provider’s systems relating to the Services, including the control objectives
and related controls applicable to such systems, and/or (ii) an executed copy of one or more opinions or attestations (as applicable)
from independent auditors of national reputation engaged and compensated by Service Provider, of Type II examinations in accordance
with SAS No. 70 (or a comparable or successor standard, such as Statement on Standards for Attestation Engagements (SSAE) No. 16
or International Standard on Assurance Engagements (ISAE) No. 3402), containing no material exceptions and identifying no
material weakness or significant deficiency (each, a “Report”). Any such Reports shall be provided at no expense to
Customer and completed as of a date to which the parties agree.

 

6.            
OWNERSHIP

 

As between the parties,
the Personal Information and Credentials, together with any intellectual property rights therein, including, but not limited to,
copyrights, shall be the sole property of Customer, and Service Provider shall not have or obtain any rights therein.

 

7.            
CONFLICT

 

In the event of a conflict
between the terms of this Addendum and the terms of the Agreement, the terms of this Addendum shall govern and control such conflict.

 

8.            
NOTICE

 

With respect to notice
pursuant to paragraph 2.2.2. hereof, notice shall be made telephonically to Customer’s Chief Information Security Officer
at (704) 633-8250 and to Customer’s IT Support at (800) 559-6161, followed promptly by written notice in the form and manner
set forth in the Agreement.

 

 

 

    	11Exhibit 10.3

 

ATM PROCESSING AGREEMENT

 

 

 

THIS AGREEMENT (“Agreement”)
by and between U.S. Bank National Association, doing business as Elan Financial Services with
its principal place of business at 1255 Corporate Drive, Irving, TX 75038 (“Elan”)
and Nationwide Money Services, Inc. a wholly owned subsidiary of Global Axcess Corporation with its principal office located
at 7800 Belfort Parkway, Suite 165, Jacksonville, FL 32256 (“Customer”), each referred to herein as a “Party”
and collectively referred to herein as “Parties”. This Agreement shall become effective on January 1, 2012 (“Effective
Date”) and replaces in its entirety the Distributor ATM Processing Agreement dated December 15, 2005 and the amendments thereto
dated December 20, 2006 and May 4, 2011 between the parties.

 

 

RECITALS

 

A.WHEREAS,
Elan provides certain electronic funds transfer services to entities such as Customer; and

 

B.WHEREAS, Customer desires
to offer certain electronic funds transfer services to certain of its end user customers which will enter into agreements with
Customer for the provision of such services, and which require certain electronic funds transfer services in connection with end
user customers’ business, and 

 

C.WHEREAS, Customer wishes to
engage Elan to be the exclusive provider of certain electronic funds transfer services to Customer for the locations listed in
Exhibit A attached hereto, and Elan agrees to provide such services as more fully described herein; and

 

D.WHEREAS,
Customer desires to obtain from Elan, and Elan desires to provide to Customer, the electronic funds transfer services and such
other ancillary services described herein.

 

 

 

NOW THEREFORE, in consideration
of the foregoing premises, the mutual promises and covenants contained herein, and for other good and valuable consideration, the
sufficiency and receipt of which is hereby acknowledged, the Parties agree as follows:

 

I.DEFINITIONS

 

For purposes of this Agreement, certain
terms used herein with initial letters capitalized shall have the meanings set forth below.

 

1.1“Account” shall
mean either (a) a checking, money market, or share draft account or such other depository account as is legal under relevant law,
which account may be accessed by a Debit Card, or (b) a credit account which may be accessed by a Credit Card.

 

1.2“ACH” shall mean
Automated Clearing House.

 

1.3“Agreement” shall
mean this ATM Processing Agreement between Elan and Customer, together with the exhibits hereto, which are incorporated by reference
herein.

 

1.4“ATM” shall mean
an automated teller machine.

 

1.5“Card” shall
mean either a Debit Card or a Credit Card, as applicable.

 

1.6“Cardholder”
shall mean any person who has or is authorized to use an Account with Elan, and uses a Card in originating a Transaction.

 

1.7“Clearing Account”
shall mean a deposit account maintained by Customer with a financial institution acceptable to Elan.

 

1.8“Credit Card”
shall mean a credit card as defined in 12 C.F.R. §226.2(a)(15), licensed by MasterCard International, Inc., Visa U.S.A., Inc.,
American Express Travel Related Services Customer, Inc., Discover Network, or such additional entities as Elan may from time to
time specify, and which accesses a Customer's credit Account.

 

    	

    	 

    
  

1.9“Debit Card”
shall mean a plastic card issued by or on behalf of a Customer, which will permit access to a checking, money market, share draft
account or such other depository account as is legal under relevant law or regulation.

 

1.10“Live Date”
shall mean the date of the first completed Transaction by Elan on behalf of Customer pursuant to this Agreement.

 

1.11“Network” shall
mean the electronic interchange network developed, operated and managed by Elan.

 

1.12“Operating Instructions”
shall mean the technical and operating instructions issued by Elan that govern the operation of the System.

 

1.13“Party” or “Parties”
shall mean Customer and Elan.

 

1.14“Person” shall
mean an individual, partnership, joint venture, corporation or other legal entity, however organized.

 

1.15“POS Transaction”
shall mean any electronic request and/or authorizations for purchases by means of a Card at a Terminal.

 

1.16“Rules” shall
mean the operating rules of the Network (if any), from time to time in effect.

 

1.17“System” shall
mean an on-line Terminal support system operated by Elan, which system shall provide Customer with the various services described
in this Agreement.

 

1.18“Terminal” shall
mean the electronic equipment at a Customer’s location used to facilitate Transactions.

 

1.19“Terminal Management System”
shall mean the control of the files of the Base24-ATM operating system.

 

1.20“Terminal Network”
shall mean any or all networks included in Network Connectivity in Exhibit B of this Agreement.

 

1.21“Transaction”
shall mean any of the following functions attempted by a Customer at a Terminal:

 

(a)                
cash withdrawals and purchases from asset Accounts;

(b)                
cash advances and purchases from Credit Card Accounts;

(c)                
balance inquiries to asset Accounts;

(d)                
deposits to asset Accounts;

(e)                
funds transfers between asset Accounts maintained within the same financial institution;

(f)                 
POS Transactions;

(g)                
denials; and

(h)                
heartbeats

 

 

II.SERVICES; USE OF THE SYSTEM                                                                       

 

2.1       
Services Provided by Elan. Elan shall provide Customer with the data processing and other related services as are more fully
described in this Agreement.

 

2.2       
Availability of System.  The System shall be available to Customer twenty-four (24) hours a day, seven (7) days per
week, exclusive of scheduled maintenance, as it should become necessary, or upon the occurrence of events beyond the control of
Elan, including, but not limited to any such event more fully described in Section 13.2 of this Agreement.

    	2

    	 

    

 

2.3       
Training.  Elan shall train Customer's personnel in the use of the System and Customer's personnel will be available
for training in the use of the System by Elan at reasonable times and places mutually agreed upon by Elan and Customer.

 

2.4       
Reports.  Elan agrees to provide Customer, by way of the System, daily and monthly reports of services provided at
Customer's Terminals.

 

2.5       
Operating Instructions.  Elan may from time to time provide Customer with Operating Instructions governing the operation
of the System.  Customer agrees to comply with all such Operating Instructions as may be in effect from time to time. 
In the event any nonconformity exists between such Operating Instructions and the operating rules of any Network, the terms of
the Operating Instructions shall control.

 

2.6       
Security Procedures.  In addition to any security procedures from time to time set forth in the Operating Instructions,
Customer shall exercise prudence and institute appropriate security procedures in assigning or distributing passwords or other
codes that allow access to the Terminal Management System.

 

III.  EXCLUSIVITY AND SCOPE
OF AGREEMENT                                                                       

 

3.1       
Exclusivity.  Except as may otherwise be agreed upon by Elan and Customer, Customer agrees that at all times during
the term of the Agreement, and any renewal term(s) of this Agreement, Elan or its designees shall be the exclusive provider for
the locations included in this Agreement, and for any additional locations submitted to Elan, for the provision of those services
described in Section 2.1. If a terminal is processing with Elan, it is considered to be added to Exhibit A, even if it is not added
in writing. For the purposes of this Article III, “Customer” shall include distributors, sales representatives and
employees of Customer and any affiliate thereof.

 

3.2             
Scope of Agreement.  This Agreement sets forth the respective rights and obligations of Customer and Elan with
respect to Elan providing electronic funds transfer services to Customer (and its affiliates).

 

IV.CLEARING ACCOUNTS                                                                       

 

4.1             
In order to facilitate the settlement of monetary transactions and the payment of all fees incurred hereunder, Customer
agrees to establish and maintain a Clearing Account with a financial institution acceptable to Elan.  Customer agrees to maintain
at all times in such Clearing Account an amount sufficient to pay all fees incurred hereunder, including the fees established in
Exhibit B attached hereto.  Customer agrees to promptly notify Elan of any errors or differences in settlement of accounts
within ninety (90) days of such error or difference for any such discrepancies to be investigated by Elan, and to thereafter be
subject to adjustment.

 

4.2Customer agrees that all settlements
to Customer’s Clearing Account shall be subject to final audit by Elan, and Customer agrees that Elan may, upon notice to
Customer, charge or credit Customer’s Clearing Account for any deficiencies, overages, or other amounts due Elan pursuant
to this Agreement. Additionally, Customer agrees that Elan may deduct any such amounts from settlement funds due to Customer under
and pursuant to this Agreement, prior to Elan’s settling such funds to the Clearing Account.

 

V.FEES                                                                       

 

5.1       
Processing Fees.  Customer shall pay Elan for any and all processing services provided under this Agreement and contained
within Customer’s invoice statement of fees, in accordance with the Services and Fee Schedule attached hereto as Exhibit
B.  Such payment shall be made on a daily basis or on such other periodic basis as Elan may choose, by electronic
fund transfer to Elan from Customer’s Clearing Account, such electronic fund transfers being hereby authorized by Customer. 
Any amounts remaining unpaid and undisputed for more than thirty (30) days after such amounts came due shall bear interest at the
rate of 1.5% per month  (but in no event to exceed the highest applicable lawful rate of interest). Customer must report any
fee discrepancies within ninety (90) days from Customer’s receipt of the invoice statement for any such discrepancies to
be investigated by Elan, and to thereafter be subject to adjustment.

 

    	3

    	 

    
  

5.2       
Taxes.  All charges hereunder are exclusive of applicable federal, state or local taxes, and Customer shall pay, or
reimburse Elan for, any such taxes that may be levied upon the services rendered under this Agreement, other than taxes levied
on or based upon Elan’s ownership of property or net income.

 

5.3 Fee Changes.  Elan may not increase
the fees listed in the fee schedule contained in Exhibit B attached hereto during the Initial Term. The foregoing restriction
shall not apply to pass through fees. During the Renewal Terms, Elan may increase the fees set forth in Exhibit B after
having given Customer 240 days’ prior notice to the expiration of the then current term.

 

5.4       
Third Party Fees.  Customer shall pay Elan for all third-party fees and charges applicable to the services provided
Customer hereunder.  Elan reserves the right to immediately reflect any increases or decreases in the amounts of such fees
and charges in the amounts to be paid by Customer hereunder.  Customer will pay for all such fees on a daily basis, or on
such other periodic basis as Elan may choose by electronic fund transfer to Elan from Customer’s Clearing Account, such electronic
fund transfers being hereby authorized by Customer.

 

VI.TERM AND TERMINATION

 

6.1       Initial
Term and Renewal.  The initial term of this Agreement shall commence upon the Effective date, and shall continue until
September 1, 2016 (“Initial Term”).  Thereafter, the Agreement shall automatically renew for successive two (2)
year terms, each a (“Renewal Term”), unless sooner terminated by either Party upon giving written notice to the other,
of not less than ninety (90) days prior to the end of the then current initial or Renewal Term. (The Initial Term and any Renewal
Term(s) collectively shall be considered the “Term” hereof.)

 

6.2       
Termination for Cause.  Either Party may terminate this Agreement with respect to its participation in this Agreement
in the event of a material breach of this Agreement by the other Party (the “breaching Party”) by the delivery of thirty
(30) days written notice describing such breach; provided, however, that if the breaching Party shall have cured the breach prior
to the expiration of the notice of termination, this Agreement shall continue in full force and effect with respect to the Party
giving notice as if no notice had been given.

 

6.3       
Termination for Nonpayment.  In the event Customer fails to pay all amounts due Elan in accordance with the terms of
this Agreement after a thirty (30) day period from the due date of such payment, then Elan shall notify Customer in writing that
Customer is in material breach of this Agreement.  Customer shall have ten (10) days from date of receipt of such written
notice to cure the non-payment.  If Customer fails to remit payment after the ten (10) day cure period, then Elan may terminate
this Agreement upon written notice to Customer.

 

6.4       
Termination upon Bankruptcy or Insolvency.  In the event Customer is declared insolvent and is liquidated, this Agreement
shall automatically terminate upon declaration of insolvency, and Elan shall be entitled to liquidated damages pursuant to Section
6.7.  In the event Elan is declared insolvent and is liquidated, this Agreement shall automatically terminate upon declaration
of insolvency.  Notwithstanding the foregoing, in the event Customer or Elan is declared insolvent but is not liquidated,
or is placed in receivership or conservatorship, or other similar actions are taken, the use of the services described herein by
any new owner, receiver, conservator, manager or other agent or representatives shall be deemed acceptance and assumption of this
Agreement on the full terms and conditions contained herein, including but not limited to Section 6.7.

 

6.5       
Termination by Reason of Regulation.  Elan may terminate this Agreement or curtail or restrict its operations hereunder
at any time upon notice to Customer, without liability, except for liabilities accrued prior to the termination, upon the issuance
of any order, rule or regulation or any regulatory agency or administrative body or the decision or order of any court of competent
jurisdiction that is controlling or binding on Elan prohibiting any or all of the services contemplated in this Agreement, or if
such order, rule or regulation restricts the provision of such services so as to make the continued provision thereof unprofitable
or undesirable, or will be unduly restrictive to the business of Elan or shall require burdensome capital contributions or expenditures.

 

    	4

    	 

    
 

6.6Termination for Lack of Member
Sponsorship. Elan may terminate this Agreement at any time upon notice to Customer, without liability, except for liabilities
accrued prior to the termination, upon termination of Customer’s sponsorship by a member of the Network(s).

 

6.7Charges upon Termination. If
this Agreement is terminated by Elan in accordance with Section 6.2, 6.3, 6.4 or 6.6, Customer shall pay to Elan liquidated damages
equal to the monthly minimum Processing Fee multiplied by the number of months remaining in the then applicable Term. In the event
that no monthly minimum Processing Fee is specified, then liquidated damages will be calculated using the monthly average for the
preceding twelve (12) months of processing activity pursuant to this Agreement. Customer hereby authorizes Elan to collect such
liquidated damages by electronic funds transfer from Customer's Clearing Account. Customer acknowledges that such amount represents
liquidated damages based on Elan’s long term resource commitments under this Agreement and such amount does not represent
a penalty to Customer. If the Agreement is terminated by Customer in accordance with Section 6.1 or 6.2, Customer shall have the
right to transfer Terminals to an alternative processor without liability to Elan.

 

VII.TRADE SECRETS; SERVICE MARKS

 

7.1       
Trade Secrets.  The Terminal Management System consists of computer programs, procedures, forms, reports and other
related materials that have been acquired or developed by Elan through the expenditure of a great amount of time, effort and money. 
Customer acknowledges that the foregoing are trade secrets which are of great value to Elan, and disclosure to others of any of
the programs, procedures, forms and other related materials with respect to the Terminal Management System will result in loss
and irreparable damage to Elan.  Customer therefore agrees not to disclose to others any information regarding the Terminal
Management System, except as required in the proper performance of this Agreement.  All specifications, tapes, programs and
other related materials developed in connection with this Agreement shall be the property of Elan and shall be returned to Elan
upon the termination of this Agreement.

 

7.2       
No License Intended.  Except as set forth in Section 7.4, nothing contained in this Agreement shall be deemed to give
any rights by way of license or otherwise to either Party to the confidential or proprietary information or trade secrets of the
other Party.

 

7.3       
Return of Materials.  Upon termination of this Agreement for any reason, Customer agrees to return to Elan all trade
secrets of Elan, including, but not limited to, Operating Instructions, computer programs, technical manuals, specifications, tapes
and other related materials, and all other Confidential Information supplied or made available to Customer by Elan.  Customer,
upon the request of Elan, shall destroy or return to Elan all materials or advertising literature bearing or evidencing the Terminal
Management System Service Mark.

 

7.4       
Service Marks, Trademarks, Names and Logos. Neither Party may use a service mark, the name or logo of the other or any Affiliate
of the other for promotion or any other purpose without the owner’s prior written consent, which consent shall not be unreasonably
withheld, conditioned, or delayed. Any request for such consent shall be in writing and shall include samples of, or designs for,
its proposed use. Any such use shall be in full compliance with such other terms and conditions as may reasonably be specified
by the owner, as the case may be.

 

7.5       
Survival.  Customer hereby agrees that if this Agreement is terminated for any reason, the provisions of this Article
VII shall survive such termination and shall continue in full force and effect as if such termination had not occurred except as
otherwise expressly provided in Section 7.5.

 

7.6      
Injunction.  The breach or threatened breach of this Article VII by a Party will result in irreparable harm to the
Party whose Confidential Information, service mark or trade secrets are involved, which harm will not be compensable by money damages,
and the breaching Party agrees that the injured Party shall be entitled to injunctive relief, except that nothing contained herein
shall be deemed to waive any other rights which the injured Party may have at law or in equity.

 

    	5

    	 

    

 

VIII.DUE DILIGENCE REVIEW; DATA
SECURITY

 

8.1Due Diligence Review.

 

(a)Onsite and
Financial Examinations. To assist the government in the fight against the funding of terrorism and money laundering activities,
Federal law requires all financial institutions to obtain, verify, and record information that identifies each business requesting
services from such financial institution. To achieve that objective and in addition to the examinations that occurred prior to
the execution of this Agreement, subsequent to the commencement of the Initial Term of this Agreement, Elan, or its agent, may
conduct onsite and financial examinations of Customer.

 

 

(i)The onsite examinations
may include, without limitation, verification that business is conducted as represented by Customer at all sites where it conducts
business; Customer’s facilities are adequate to support claims of staffing, services performed and inventory housed; and
the facilities provide adequate security for staff, functions performed and services rendered. This examination may include verification
that Customer has adequate cardholder information security compliance policies and procedures.

 

(ii)The financial
examination may include, without limitation, a review of Customer’s current balance sheet; its most recent annual report;
up to three (3) years of third party audits; tax returns for the previous three (3) years; and all documentation supporting employee
bonds and insurance policies of Customer.

 

(b)Consent to Examinations.

 

 

(i)By execution of
this Agreement, Customer consents to the examinations described in Section 8.1(a) (i) and (ii) and consents to such examinations
being conducted by Elan or its agent.

 

(ii)Elan may conduct
such examinations from time to time during the Term of this Agreement and the consent to the examinations provided by Customer
shall be a continuing consent to conduct the examinations periodically in Elan’s discretion during the Term of this Agreement.

 

(c)Right to Terminate.

 

 

(i)In the event Elan
determines in its sole discretion that the results of any examination of Customer is unsatisfactory, Elan may terminate this Agreement.

 

(ii)If the Customer
fails to satisfy the requirements of Elan with regard to security of cardholder information, or if an examination reveals information
that would result in a continuing contractual relationship that causes Elan to be in violation of any law, Elan may terminate this
Agreement immediately without notice.

 

(iii)If Customer
fails to satisfy the requirements of Elan with regard to matters not related to those discussed in Section 8.1(c)(i) or (ii), Elan
will provide Customer with notice and an opportunity to cure the failure within thirty (30) days. If the failure is not cured by
Customer within such thirty (30) day period, Elan may terminate this Agreement without further notice.

    	6

    	 

    
  

8.2Data Security.Elan and
Customer shall establish data security policies and procedures to ensure compliance with this section and that are designed to:

 

(a)Ensure the security and
confidentiality of end user customer information;

 

(b)Protect against
any anticipated threats or hazards to the security or integrity of such end user customer information;

 

(c)Protect against
unauthorized access to or uses of such information that could result in substantial harm or inconvenience to any customer;

 

(d)Comply with
all of the requirements of Title V of the Gramm-Leach-Bliley Act (“GLB Act”), as the same may be amended from time
to time, and any regulations promulgated thereunder;

 

(e)Require each
Party to permit the other to audit its compliance with this Section 8.2 during regular business hours upon reasonable prior notice
and at the auditing party’s sole expense. Each Party agrees to provide to the other copies of audits and system test results
acquired in relation to the systems used to deliver services under this Agreement, provided that: i) such system is used in the
deliverance of services pursuant to a contract between the Parties; and ii) the providing party is not contractually or otherwise
legally prohibited from sharing such information with the other Party;

 

(f)Comply with
the security requirements of any Network organization and clearly indicate that Customer (i) understands that the Network organizations
may fine or penalize Customer in the event of Customer’s noncompliance with any of their programs; (ii) acknowledges that
it has implemented a plan for business continuity in the event of a major disruption, disaster or failure; (iv) agrees that, in
the event of a security intrusion, Customer will provide to the Network organizations, or their designees, full cooperation and
access to conduct a thorough security review; and (v) agrees that upon termination or expiration of the Agreement, Customer shall
continue to protect the security of the Confidential Information.

 

IX.  CONFIDENTIALITY AND
PRIVACY 

 

9.1Confidentiality.
Both Parties acknowledge that in performing their obligations hereunder, they may have access to, or may provide information
and/or documentation of a Confidential and/or Proprietary nature to the other Party. “Confidential Information”
includes both information of a commercial nature and information related to a Party’s customers or consumers. Confidential
Information includes, but is not limited to, the following, whether now in existence or hereafter created:

 

(a)All information
marked as “confidential” or with similar designation; or information which a Party should, in the exercise of reasonable
judgment, recognize to be confidential;

 

(b)All information
protected by rights embodied in copyrights, whether registered or unregistered, patents or pending patent applications, “know
how”, trade secrets, and any other intellectual property rights of Elan or Customer (including all derivative works);

 

(c)All business,
financial or technical information of Elan or Customer and any of Elan’s or Customer’s vendors;

 

(d) Elan’s or
Customer’s marketing philosophy and objectives, promotions, markets, materials, financial results, technological developments
and other similar proprietary information and materials;

 

(e)Any and all
information of or about customer(s) of Elan or Customer, of any nature whatsoever, and specifically including but not limited to
customer lists, customer financial information, and the fact of the existence of a relationship between Elan or Customer and customer(s);
and

 

(f)The terms and
conditions, including, without limitation, the fees and charges, of this Agreement.

 

    	7

    	 

    
 

9.2Both Parties agree
now and at all times in the future that all such Confidential Information shall be held in strict confidence and disclosed only
to those employees or agents whose duties reasonably require access to such information. Elan and Customer shall protect such Confidential
Information using the same degree of care, but no less than a reasonable degree of care, to prevent the unauthorized use, disclosure
or duplication (except as required for backup systems) of such Confidential Information as Elan or Customer uses to protect its
own confidential information.

 

9.3Elan and Customer
agree that any violation of the obligations of confidentiality, as set forth in this Section, shall be a material breach of this
Agreement and shall entitle the non-breaching Party to immediately terminate this Agreement, without penalty, upon notice to the
other Party. Notwithstanding anything to the contrary contained herein, if a Party or any of its employees, agents, or representatives
shall use or disclose any Confidential Information of the other Party in any manner other than in connection with the performance
of its obligations under this Agreement, the non-breaching Party shall have the right, in addition to such other remedies which
may be available to it hereunder, at law or in equity, to seek immediate injunctive relief enjoining such use, disclosure, or attempted
use or attempted disclosure, without the requirement of posting bond or the necessity of proving actual monetary damages, it being
acknowledged and agreed that legal remedies are inadequate to protect such non-breaching Party under such circumstances and that
the unavailability of immediate injunctive relief would subject said Party to irreparable harm.

 

9.4Privacy. Elan
and Customer shall establish data security policies and procedures to ensure compliance with this Section and that are designed
to:

 

(a)Ensure the security and
confidentiality of customer information;

 

(b)Protect against
any anticipated threats or hazards to the security or integrity of such information;

 

(c)Protect against
unauthorized access to or uses of such information that could result in substantial harm or inconvenience to any customer;

 

(d)Comply with
all of the requirements of Title V of the GLB Act, as the same may be amended from time to time, and any regulations promulgated
thereunder;

 

(e)Require each
Party to permit the other Party to audit its compliance with this Section 9.4 during regular business hours upon reasonable prior
notice and at the auditing Party’s sole expense. Each Party agrees to provide to the other Party copies of audits and system
test results related to the systems used to deliver Services under this Agreement, provided that the providing Party is not contractually
or otherwise legally prohibited from sharing such information with the other Party; and

 

(f)Comply with
the security requirements of any Network Organization and clearly indicate that Customer (i) understands that the Network Organizations
may fine or penalize Customer in the event of Customer’s noncompliance with any of their programs; (ii) agrees that Elan
is the owner and/or controller of all Customer Information, and all such information shall be considered Confidential Information
to be received and used only in accordance with the provisions of this Agreement; (iii) acknowledges that it has implemented a
plan for business continuity in the event of a major disruption, disaster or failure; (iv) agrees that, in the event of a security
intrusion, Customer will provide to the Network Organizations, or their designees, full cooperation and access to conduct a thorough
security review; and (v) agrees that upon termination or expiration of this Agreement, Customer shall continue to protect the security
of the Customer Information.

 

9.5If either Party is required by a
court or governmental agency having proper jurisdiction to disclose any Confidential Information, that Party shall promptly, to
the extent allowed to do so by applicable law or regulation, provide notice of such request to the other Party so that the nondisclosing
Party may seek an appropriate protection order.

    	8

    	 

    
 

 

9.6Limited use of Confidential Information
and Survival of Obligations.

 

 

(a) Elan and Customer
may use the Confidential Information only as necessary for their performance hereunder and for no other use, but in all cases the
use of such Confidential Information will be done in accordance with the GLB Act and any regulations issued pursuant thereto. Elan’s
and Customer’s limited right to use the Confidential Information shall expire when this Agreement is terminated.

 

(b)Elan’s
and Customer’s obligations of confidentiality and non-disclosure shall survive beyond the termination or expiration of this
Agreement.

 

(c)Upon expiration
of a Party’s limited right to use the Confidential Information, the Party shall return all physical embodiments thereof to
the other Party or, with the other Party’s permission, may destroy the Confidential Information. The Party returning or destroying
Confidential Information shall provide written certification to the other Party that it has returned, or destroyed, all such Confidential
Information in its possession. Notwithstanding the foregoing, Elan may retain one (1) copy of the Confidential Information for
compliance with its regulatory obligations.

 

9.7Disclosure to Third Parties.
If either Party’s performance requires or allows disclosure of the Confidential Information to any third parties, then that
Party shall ensure that such third parties will have express obligations of confidentiality and non-disclosure, with regard to
the Confidential Information, similar to that Party’s obligations hereunder. Liability for damages due to disclosure of the
Confidential Information by any such third party shall be with the Party that disclosed the Confidential Information to the third
party.

 

9.8Exceptions. Notwithstanding
the foregoing, the term “Confidential Information” shall not include any portion of such information that the
receiving Party can establish by clear and convincing evidence to have been:

 

 

(a)Publicly known without
breach of this Agreement; or

 

(b)Known by the
receiving Party without any obligation of confidentiality, prior to disclosure of such Confidential Information; or

 

(c)Received in
good faith by the receiving Party from a third-party source having the right to disclose such information.

 

 

9.9Ownership of Intellectual Property.
All intellectual property belonging to a Party, including, without limitation, property protected by patent, copyright or trade
secret, shall remain the sole and exclusive property of the Party disclosing such intellectual property to the other Party. No
Party shall gain any right, title or interest in or to the intellectual property of the other Party by virtue of the disclosure
of such intellectual property by a Party in the performance of this Agreement.

 

9.10Disclosure of Customer(s)’
Information.  In the event that there should occur any actual or suspected theft of, accidental disclosure of, loss of, or
inability to account for (collectively, “Disclosure”) any of Customer(s)’ information by Elan, Elan will immediately,
upon its discovery of any such Disclosure, notify Customer and investigate and determine if a Disclosure has actually occurred.
If, based upon Elan’s investigation, Elan determines that there has been an actual Disclosure, then Elan shall immediately
notify Customer, and shall thereafter investigate the scope of the Disclosure, and shall exercise the appropriate measures to prevent
any further Disclosure(s). Elan shall also, as soon as is reasonably practicable, report to Customer the details of the Disclosure
(including Customer(s)’ identities, and the nature of the information that is the subject of the Disclosure, and the measures
that Elan has exercised, and/or plans to exercise, to prevent further Disclosure(s). Elan shall, in the event of a Disclosure,
cooperate fully with Customer to notify the Customer(s) as to the Disclosure. Additionally, Elan shall cooperate fully with all
government regulatory agencies and/or law enforcement agencies having jurisdiction and authority over investigating any Disclosure,
and/or any known or suspected criminal activity.

 

9.11Survival. Section 9 shall
survive the termination or expiration of this Agreement.

 

    	9

    	 

    

 

X.REPRESENTATIONS
AND WARRANTIES

 

		10.1	Each
                                                            Party represents and warrants
                                                            with respect to such Party that:

 

(a)This
Agreement constitutes a valid, binding and enforceable agreement;

 

(b)The
execution of this Agreement and the performance of the
obligations hereunder are within such Party’s
powers; have been authorized by all necessary action; do
not require action by or approval of any governmental or regulatory body, agency or official; and do
not constitute a breach of any material agreement of such Party;

 

(c)The
execution of this Agreement and the performance of the
obligations hereunder shall not cause a material breach of any duty arising
in law or equity; and

 

(d)As
of the date of this Agreement, such Party possesses the financial capacity to perform all of its obligations under this Agreement.

 

The
Parties agree that the failure of any of the above representations and warranties to be true during the term of this Agreement
shall constitute a material breach of this Agreement and the non-breaching
Party shall have the right to terminate this Agreement in accordance with Section
6.2, herein.

 

10.2ELAN DISCLAIMS ALL WARRANTIES,
EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO ANY IMPLIED WARRANTY OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE.

 

XI.LIABILITY AND COMPLIANCE

 

11.1      Errors.
Elan will, at Elan’s expense, correct any errors that are due solely to Elan’s personnel or Elan’s program. 
The expense of correcting such errors incurred by Elan shall be the only responsibility of Elan occasioned by its performance or
non-performance of its obligations under this Agreement, and Customer agrees to accept the corrections of errors by Elan as its
sole and exclusive remedy.  Customer may not assert any claim against Elan after one (1) year from the date that Customer
has or should have had knowledge of the facts giving rise to such claim.

 

11.2      Insurance.
Both Parties shall obtain and maintain in full force and effect at all times during the term of this Agreement all insurance that
may be required to be obtained from time to time by any government agencies, any Network Organization or reasonably prudent business
practices, and will, upon request, provide the other Party with written evidence of such insurance. Without limiting the generality
of the foregoing, both Parties shall obtain and maintain in full force and effect at all times during the term of this Agreement,
a policy or policies of comprehensive general liability insurance, including products and contractual liability insurance, in an
amount not less than one million dollars ($1,000,000) in the aggregate with an acceptable insurance company. Both Parties shall
promptly inform the other Party of its receipt of notice of cancellation in the terms of such insurance.

 

11.3      Legal
Compliance.  Customer understands and agrees that it shall be responsible for its own compliance with all federal, state,
and local laws and regulations applicable to its participation in the Terminal Management System and shall indemnify and hold Elan
harmless against any and all liability or expenses related thereto. Elan agrees that it shall be responsible for its own compliance
with all federal, state, and local laws and regulations applicable to its performance under this Agreement and shall indemnify
and hold Customer harmless against any and all liability or expenses related thereto.

 

11.4Network Organization Membership
and Sponsorship. Customer shall obtain and maintain such applicable membership(s) with any Network organization(s) in connection
with its participation in this Agreement. Customer agrees to immediately notify Elan if it should lose sponsorship into any Network.

    	10

    	 

    
  

11.5Network Compliance; Operating
Instructions. Customer and its affiliates shall comply, and require the Terminal operators processing under this Agreement
to comply, with and conduct their respective activities in accordance with all the terms and provisions of the Network operating
regulations, as well as the Operating Instructions, copies of which will be provided to Customer, and shall also comply with any
other agreement to which Customer and a Network organization are parties (including, without limitation, any Network organization
membership agreements), all as applicable to the Services and Customer’s provision of goods and services to the end user
customers.

 

XII.INDEMNIFICATION AND LIMITATION
OF LIABILITY

 

12.1Indemnification by Customer.
Customer shall indemnify, defend and hold Elan, to include Elan’s affiliates, successors and assigns, harmless from and against
any and all Losses paid or incurred by Elan, which are arising from or directly or indirectly relating to:

 

(a)Customer’s breach
of any term or provision of this Agreement;

 

(b)The violation
by Customer, its Affiliates, or their respective employees, agents or representatives of any Law or Order with respect to the use
of or provision of Services or Customer’s provision of goods and/or services to the Customers;

 

(c) The breach by Customer,
its Affiliates, or their employees, agents or representatives of any term or provision of the Network Organization Regulations
with respect to the use of or provision of Services or Customer’s provision of goods and/or services to the Customers;

 

(d)The willful
misconduct, fraud, intentional tort or negligence of Customer, the Customers, or their respective employees, agents or representatives
with respect to the use of or provision of Services, Customer’s provision of goods and/or services to the Customers, or the
Customers’ provision of goods and/or services to their respective customers; or

 

(e)Any claim made
by any third party (including, without limitation, any Customer, or customers of a Customer) against Elan, attributable in whole
or in part to Customer or Customer’s end user customers, or their respective employees, agents or representatives with respect
to the use of or provision of Services, except to the extent such claims result from the gross negligence or willful misconduct
of Elan.

 

12.2Indemnification by Elan.
Elan shall indemnify, defend and hold Customer harmless from and against any and all Losses paid or incurred by any Customer, which
are directly arising from the following:

 

(a)The violation
by Elan, its Affiliates, or their respective employees, agents or representatives of any Law or Order with respect to the provision
of services under this Agreement to Customer by Elan;

 

(b)The willful
misconduct, fraud, intentional tort or gross negligence of Elan or its respective employees, agents or representatives with respect
to the provision of services by Elan.

 

Notwithstanding anything
to the contrary contained herein, (i) except as expressly set forth in this Section 12.2, Elan shall have no duty of indemnity
or liability to any end user customer of Customer for any losses; and (ii) Elan shall have no duty of indemnity or liability to
any person claiming through Customer (including, without limitation, the Customer, or any customers of the Customer) for any losses.

 

12.3Limitation of Liability. Except
for each Party’s respective liability under Section 12.1 and 12.2, neither Party shall be liable for any indirect, consequential,
special, exemplary or punitive damages. In no event shall Elan’s total liability exceed the fees it received from Customer
for the twelve (12) month period prior to the occurrence of the activity upon which the claim of liability is based, or all the
fees received if the Agreement has been in existence for less than twelve (12) months. 

    	11

    	 

    
  

12.4Survival. Section 12 shall
survive the termination or expiration of this Agreement.

 

XIII.MISCELLANEOUS

 

13.1Recourse. Customer agrees
that Elan shall have full recourse against Customer, without limitation, for any amounts previously paid to Customer pursuant to
this Agreement which are subsequently discovered by Elan to have been paid in error, were inaccurate, or which were otherwise erroneously
paid to Customer. Elan shall also have full recourse, for any amounts due Elan for any reason related to Customer’s performance
pursuant to this Agreement, and such recourse shall not be limited to withholding settlement funds due Customer, but at Elan’s
sole discretion, shall also include the initiation of any other actions available to Elan to recover such amounts.

 

13.2       
Force Majeure.  Notwithstanding anything to the contrary contained herein, no Party shall be liable to the other Party
for any failure or delay on its part to perform, and shall be excused from performing, any of its obligations hereunder if such
failure, delay or nonperformance results in whole or in part from any cause beyond the reasonable control of such Party, including,
without limitation, any act of God; any fire, flood or weather condition; any earthquake; any act of a public enemy, war, riot,
explosion, labor or material shortage, blackouts or brownouts; any interruption or shortage of, or failure or delay in, transportation,
utilities, material, supplies, equipment, machinery, power or spare parts; and any act of any military or civil authority.

 

13.3Adjustments. All payments
made to Customer pursuant to this Agreement shall be subject to Elan’s final approval. Customer is responsible for verifying
all settlement funds received by Elan, and for verifying any reports to Customer from Elan, reflecting debits and credits made
pursuant to this Agreement. Customer is responsible for promptly notifying Elan of any actual or perceived errors, be then to the
benefit of Customer or of Elan. Any errors (including billing items) must be reported by Customer to Elan, within one hundred twenty
(120) days of occurrence to be subject to adjustment. In the event that Elan discovers, at any time during the term of the Agreement,
that an error has been made, on the part of Elan or of Customer, Elan may proceed as against Customer, without limitation, to collect
or to be reimbursed, made whole, or to avail itself of any other legal and contractual remediation available to Elan for such error.

 

13.4       
Disaster Recovery Procedures.  Elan will create daily back-up tapes for critical customer data files and Tandem operating
systems files and will store such tapes at a secure, off-site location for purposes of recovering customer files in the event of
a catastrophic disaster. Elan will provide for the replication of the primary processing functions, including primary network access,
customer cardholder transaction authorizations and daily settlement functions, within thirty (30) days after the occurrence of
a catastrophic failure of the primary data center.

 

13.5       
Gateway Services.  Customer shall be responsible for all expenses associated with any gateway services provided to
Customer by a third party processor in order to gain access into regional networks in which Elan has no Network Connectivity as
listed in Exhibit B.

 

13.6       
Waiver.  The failure of either Party to enforce at any time any provision of this Agreement or to exercise any right
herein provided shall not in any way be construed to be a waiver of such provision or right and shall not in any way effect the
validity of this Agreement or any part hereof, or limit, prevent or impair the right of such Party subsequently to enforce provision
or exercise such right.

 

13.7       
Governing Law.  This Agreement shall be construed in accordance with the laws of Minnesota, exclusive of conflicts
of law principles, and the sole and exclusive venue for any actions pertaining to this Agreement shall be in Minneapolis, Minnesota.

 

13.8       
Notice.  Except for invoices and billing-related communications, any notices required or permitted to be given by one
Party to the other under this Agreement shall be (1) hand delivered, or (2) sent by first class or certified, postage prepaid United
States Mail, or (3) sent by overnight carrier addressed as follows:

 

    	12

    	 

    
 

 

	To Elan:	with a copy to:
	
        Elan Financial Services

        1255 Corporate Drive

        Irving, TX 75038

        Attention: ISO Sales
        Support

         
	
        U.S. Bank Legal Department

        U.S. Bancorp Center

        800 Nicollet Mall, 21st
        Floor

        Minneapolis, MN 55402

        Attention: Corp. Counsel,
        ATM/Debit Services

         

	To Customer:	with a copy to:
	
        Nationwide Money Services

        7800 Belfort Parkway,
        Suite 165

        Jacksonville, FL 32256

        Attn: Sharon Jackson

         
	
             

         

             

         

             

         

             

         

 

Notices shall be effective
upon receipt by the Party to which notice is addressed. If either Party changes its address, it shall so advise the other Party
in writing and any notice thereafter required to be given shall be sent as specified herein to such new address. Elan and Customer
will, respectively, designate one or more person(s) who shall act as points of contact for the purpose of receiving any communication
relating to this Agreement.

 

13.9       
Binding Effect.  This Agreement is binding on the Parties and their respective successors and assigns.  Neither
Party may assign or delegate any of its rights or obligations under this Agreement without the other Party’s prior written
consent, except that Elan may assign or delegate this Agreement and any of its rights or obligations hereunder to any affiliate,
subsidiary, parent, successor by merger or successor-in-interest which has the authority to operate the Services in the manner
operated by Elan under this Agreement without the prior consent of Customer.

 

13.10      Severability. 
If any provision of this Agreement, or the applicability of such provision to any Person or circumstance, shall be determined
to be invalid by any court or competent jurisdiction, then such determination shall not affect any other provision of this Agreement,
all of which provisions shall remain in effect and, if the provision is capable of being construed in two ways, one of which would
render it valid, the provision shall have the meaning which renders it valid.

 

13.11      Validity
and Enforceability.  Customer represents and warrants that the execution and delivery of this Agreement by it have been
duly authorized by all actions required under the terms of the provisions of its governing instruments and creates a legal, valid
and binding obligation on Customer.

 

13.12       
Entire Agreement. This Agreement, together with the exhibits hereto, represents the entire understanding between the Parties
with respect to the matters contained herein and may be amended only by an instrument in writing signed by the Parties.  There
are not representations or warranties, express or implied, other than those contained herein.

 

    	13

    	 

    
  

IN WITNESS WHEREOF, the Parties have executed
this Agreement as of the Effective Date of the Agreement.

 

 

	
         NATIONWIDE
        MONEY SERVICES, INC.

        (“Customer”)

         

         
	 	
         ELAN
        FINANCIAL SERVICES

        (“Elan”)

         

	/s/ Lock Ireland	 	/s/ Stephen E. Gauger
	 	 	 
	Lock Ireland	CEO	 	Stephen E. Gauger	Vice President
	(Printed Name) 	(Title)	 	(Printed Name)	(Title)
	 	 	 	 	 
	6/2/2011	 	 	Date:  7/12/2011	 
	(Date)	 	 	 	 

 

 

    	14

    	 

    

 

  

EXHIBIT A

 

CUSTOMER LOCATIONS FOR SERVICES

 

 

    	15

    	 

    
 

EXHIBIT B

 

SCHEDULE OF SERVICES AND FEES

  

    	16

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