Document:

Exhibit
10.3

 

 

 

CERTAIN
IDENTIF1ED INFORMATION HAS BEEN EXCLUDED FROM THIS EXHIBIT BECAUSE IT IS BOTH (I) NOT MATERIAL AND (II) WOULD LlKELY CAUSE COMPETITIVE
HARM IF PUBLICLY DISCLOSED.

[***] INDICATES THAT INFORMATION HAS BEEN REDACTED.

 

PROFAC
AGREEMENT

 

This
agreement is entered into between PROPAY, INC., a Utah corporation (“ProPay”), with its principal place of business
located at 3400 N. Ashton Blvd., Suite 200, Lehi, Utah 84043, and NetPay International, Inc., a Nevada corporation (“Client”)
with its principal place of business located at 880 3rd Ave., 12th Floor, New York, NY 10022. This agreement is effective on the
date the last party signs the agreement (“Effective Date”).

 

	1.	REFERRALS.

 

		1.1.	Referred
                                            Participants. Client is a software provider that will refer US-based prospective users
                                            and clients (each a “Referred Participant’1 to ProPay for possible participation
                                            in ProPay’s transaction processing program in relation to financial services cards
                                            issued by Mastercard International Incorporated (“Mastercard”), Visa U.S.A.
                                            Inc. (“Visa”), American Express Travel Related Services Company, Inc.
                                            (“American Express”), and DFS Services LLC (“Discover”),
                                            other financial service card organizations (collectively, “Card Brands”),
                                            other payment methods, and other related services (“ProPay Services’}
                                            Client authorizes ProPay to communicate with, solicit, and/or market to Referred Participants
                                            via regular mail, telephone, e-mail, and/or facsimile in connection with the provision of
                                            services by ProPay, its affiliates, or any third party that ProPay shares, transfers, exchanges,
                                            discloses or provides information with or to pursuant this agreement. ProPay will evaluate
                                            and, at its sole discretion, determine whether or not to engage in negotiations with each
                                            Referred Participant for a merchant agreement, ProFac agreement, and/or for a referral agreement.
	 	 	 
		1.2.	Processing
                                            Referrals. A Referred Participant that signs a merchant agreement with ProPay through
                                            Client (either on a Client-hosted website or through other means as approved by ProPay) will
                                            be a “Direct Sub merchant”. A Sub-merchant is a sole proprietor or other
                                            form of business entity that (a) has a direct agreement with Client for Client’s software
                                            and/or services; (b) uses the Client’s software service offering in conjunction with
                                            the ProPay Services (together, the “Client Program) for its own business use;
                                            and (c) assents to the Terms of Use on Client’s website. “Terms of Use”
                                            means the terms and conditions found at https:/lwww.propay com/en-us/Legal/ProFac-Sub-merchant-Terms-and-Condjtions,
                                            which terms ProPay may update from time to time, or when certain transaction volumes are
                                            met, has entered into an agreement with ProPay’s sponsor bank.
	 	 	 
		1.3.	Partuer
                                            Referrals. A Referred Participant that signs a referral agreement or a ProFac agreement
                                            with ProPay will be considered a “Referred Partuer” and any approved merchants
                                            referred to ProPay by such Referred Partner will be “Indirect Sub-merchants”.
                                            Direct Sub-merchants and Indirect Sub-merchants will be collectively referred to as “Sub-merchants”.
	 	 	 

	2.	PROPAY
                                            RESPONSIBILITIES
	 	 

		2.1	Client
                                            Training. ProPay will provide Client with training material electronically to enable
                                            Client’s sales and customer service staff to become knowledgeable about the capabilities
                                            and operation of the ProPayServices. If Client requests onsite training at Client’s
                                            location, the costs associated with such training will be borne by Client.
	 	 	 
		2.2	Approval
                                            of Sub-merchant. The parties agree to establish parameters for a typical prospective
                                            Sub-merchant profile. To the extent possible, Sub-merchants will be enrolled in the ProPay
                                            Services in real-time so long as Client properly provides the Sub-merchant’s name,
                                            address, Social Security number or tax identification number, and other required information
                                            through the ProPay AP!. After enrollment each Sub-merchant will still be subject to acceptance
                                            and approval by ProPay and its sponsor bank. ProPay has the sole discretion to refuse to
                                            provide the ProPay Services to a prospective Sub-merchant, to suspend the ProPay Services
                                            to a Sub merchant, or to terminate any Sub-merchant’s use of the ProPay Services.

 

    	Pro Fae Agreementvl.2019	Page 1 of 11	CONFIDENTIAL

     

    

 

		2.3	Client
                                            Underwriting. ProPay may require that Client and Client’s principals provide their
                                            annual financial statements, tax returns,
and other financial information as reasonably requested from time to time by ProPay or its sponsor bank. Client authorizes ProPay to make
inquiries and obtain information (including, without limitation, credit reports from one or more credit bureaus) regarding Client, its
principals, and its business operations. Client warrants that it has authorization from its principals for ProPay and its sponsor bank
to share any such information with third parties-including without limitation, Mastercard, Visa, American Express, and Discover (the “Card
Brands”), and other entities directly or indirectly involved in providing the ProPay Services) as necessary to provide the ProPay
Services, protect ProPay’s interests, or to fulfill ProPay’s obligations under this agreement.
	 	 	 
		2.4	Data
                                            Migration. Ifrequested by Client, Pro Pay will provide reasonable assistance relating
                                            to data migration or transitioning a Sub-merchant
to another payment processer and such assistance will be billed to Client at Pro Pay’s then-current rates. Client may request ProtectPay
tokenization extraction for some or all of its Sub merchants and whether ProPay can extract such tokens for such Sub-merchants will depend
on Client’s configuration of the ProtectPay services. If ProPay is able to extract such tokens based on Client’s configuration,
ProPay will deliver to Sub-merchant (or Sub-merchant’s designee) a file containing a copy of the information requested by Client
as maintained by ProPay on its systems (“Stored Data Card Transactions”). ProPay will charge Client ProPay’s
then-current ProtectPay tokenization extraction rates unless otherwise set forth in schedule A-1. Client agrees to indemnify, defend and
hold harmless ProPay for any claims arising from ProPay complying with Client’s request to provide a copy of the Stored Data Card
Transactions. Except to the extent otherwise required by law or the Rules, at termination of this agreement ProPay will also delete from
its current, active system the Stored Data Card Transactions. “Rules” means the Card Brand (as defined in the followingclause)rules,portionsofwhichmaybefoundat
usa.visa.com/merchants/operations/op regulations.html.www.mastercardmerchant com, https: //www209.americanexpress.com/merchant/singlevoice/pdfs/en
US/DSOP Service Provider US.pdf and www.americanexpress.com\ merchantopguide, and the NACHA rules, all as may be amended or
replaced from time to time.
	 	 	 
		2.5	Retained
                                            Rights. Notwithstanding anything to the contrary in this agreement, ProPay will not be
                                            prohibited or enjoined at any time by Client from utilizing any skills or knowledge of a
                                            general nature acquired during the course of providing the ProPay Services to Client as set
                                            forth herein. Nothing in this agreement shall limit in any manner ProPay’s marketing,
                                            distribution, or sales activities or its rights to market, distribute, or sell, directly
                                            or indirectly, or appoint any person or entity as a dealer, distributor, client, licensee,
                                            or agent for its ProPay Services, within or outside the United States of America.
	 	 	 

	3.	CLIENT
                                            RESPONSIBILITIES.
	 	 

		3.1.	Marketing
                                            of the ProPay Services. Client will use reasonable efforts to solicit prospective Referred
                                            Participants to enroll in the ProPay Services. Client will: (a) be solely responsible for
                                            all expenses in connection with its marketing efforts; (b) take all action reasonably necessary
                                            to verify that each potential Sub-merchant conducts or intends to conduct a bona fide business
                                            operation; (c) not market or sell the ProPay Services to prospective Sub-merchants engaged
                                            in a business that, to the best of Client’s knowledge, violates any laws or Rules,
                                            particularly PCI-DSS; (d) not use Card Brand trademarks on any materials without the written
                                            consent of Pro Pay; (e) cooperate with ProPay and its sponsor bank and use commercially reasonable
                                            efforts to cause each Sub-merchant to fully pay and perform its obligations under the Terms
                                            of Use and assist ProPay and its sponsor bank in collecting any amounts owed by a Sub-merchant;
                                            and (f) market the ProPay Services in a professional and ethical fashion and not to make
                                            any representations about the ProPay Services that are not approved by ProPay.
	 	 	 
		3.2.	Restrictions
                                            on Use. Client shall not: (a) copy or allow copies of the Documentation or any ProPay
                                            materials to be made, except as specifically authorized under this agreement; (b) knowingly
                                            allow any third party that has not assented to the Terms of Use to use the Client Program;
                                            (c) rent, lease, assign, pledge, disclose, sell, sub license, download, distribute, or otherwise
                                            transfer for any purpose any component of the Pro Pay Services, the Documentation, or any
                                            ProPay materials except as specifically authorized under this agreement; (d) attempt to disassemble,
                                            decompile, reverse engineer, derive, or otherwise reproduce any part of the source code or
                                            trade secrets of the ProPay Services; (e) modify, alter, translate, or create derivative
                                            works based upon the ProPay Services; (f) remove any notices of proprietary or copyright
                                            restrictions from any of the Documentation or ProPay materials; or (g) create a service or
                                            offering that is competitive with or substantially similar to the ProPay Services. Client
                                            may appoint other entities or persons as sub-distributors or agents for the marketing of
                                            the ProPay Services only with ProPay’s prior written authorization and only if such
                                            entities or persons are first contractually obligated to comply with all of Client’s
                                            duties and obligations under this agreement. “Documentation” means the
                                            documentation relating to the ProPay APl, SOK, or the various ProPay Services (whether in
                                            printed or electronic form) provided by ProPay for purposes of this agreement, including,
                                            without limitation, product manuals and marketing materials.

 

    		Page 2 of 11	

     

    

 

		3.3.	Implementation.
                                            If Client fails to complete its integration to ProPay and make the ProPay Services available
                                            through the Client services to Sub-merchants within 120 days of the Effective Date for any
                                            reason other than ProPay’s failure to perform its obligations under this agreement,
                                            then Client will pay to ProPay as damages (and not as a penalty) $100 for each 30 day period
                                            in which Sub-merchants process no transactions. Damages begin accruing as of the 121st day
                                            following the Effective Date and stop accruing as soon as a Sub-merchant begins processing
                                            transactions.
	 	 	 
		3.4.	Client
                                            Responsibilities for Sub-merchants.
	 	 	 

		3.4.1.	Sub-merchant
                                            Application. Client warrants that to the best of its knowledge, as of the date of submission
                                            to ProPay of any Sub-merchant application that such application, and all other information
                                            provided to ProPay by Client shall be correct, complete, and not misleading. ProPay may rely
                                            on the data Client provides about each Sub-merchant without the need for ProPay to verify
                                            such data.
	 	 	 
		3.4.2.	Assent
                                            to Sub-merchant Agreement. In a manner approved by ProPay in writing, Client must ensure
                                            that each Sub-merchant assents to the Terms of Use and, upon request, will provide proof
                                            of such assent to ProPay. Client must not allow changes to the Terms of Use or the manner
                                            in which Sub-merchants assent without the specific prior written authorization of Pro Pay.
	 	 	 
		3.4.3.	Sharing
                                            of Information. Client shall obtain authorization from each Sub-merchant for ProPay to
                                            share with Client information relating to Sub-merchants, including, without limitation, transaction
                                            details and business or personal information. Upon ProPay’s request, Client will provide
                                            proof of such authorization.
	 	 	 
		3.4.4.	Identity
                                            Verification. Client shall provide to ProPay the business details of each Sub-merchant
                                            using the ProPay Services, as well as other business information, as and when reasonably
                                            requested by ProPay. ProPay will perform the actual identity verification process, but the
                                            parties may agree in writing to involve Client in this process.

 

		3.5.	Verify
                                            Data. Client will timely verify all information provided to Client by ProPay, and will
                                            promptly report any errors or omissions. ProPay will not have any responsibility in connection
                                            with any losses incurred by Client that arise out of any such error or omission not reported
                                            by Client to Pro Pay within 90 days of the first date on which Client knew or reasonably
                                            should have known of such error or omission.
	 	 	 
		3.6.	Non-Solicitation.
                                            During the Term and for a period of one year following termination of the agreement,
                                            Client shall not directly or indirectly, whether or not for compensation, engage in any business
                                            activity (whether as an employee, proprietor, officer, director, agent, trustee, partner,
                                            or creditor lending money for the purpose of establishing or operating any such business)
                                            that interferes with, disrupts, or attempts to disrupt any present business relationship,
                                            contractual or otherwise, between ProPay and any referral partner or merchant (except following
                                            proper termination by Client of this agreement for those Sub-merchants brought on by Client’s
                                            efforts under this agreement), client, consultant, agent, or employee of ProPay. The parties
                                            acknowledge that any breach of these non-solicitation provisions will cause immediate, irreparable,
                                            and continuing damage to ProPay for which there is no adequate remedy at law and that in
                                            the event of any breach or violation or threatened breach or violation of these non- solicitation
                                            provisions, ProPay will be entitled to temporary, preliminary, and permanent injunctive relief
                                            and such other legal and equitable remedies as may be provided by applicable law (without
                                            the necessity of posting any bond or other security), including damages, costs of suit, and
                                            attorneys’ fees.
	 	 	 

	4.	COMPLIANCE
                                            OBLIGATIONS.
	 	 

		4.1.	Rules,
                                            Laws and Policies. In the performance of their respective obligations and duties hereunder,
                                            the parties agree to abide by: (a) all applicable state and federal laws and regulations,
                                            (b) the Rules, and (c) any other regulations as adopted by the Card Brands, as may be amended
                                            from time to time. Further, ProPay may provide Client with ProPay’s policies and procedures
                                            related to the provision and use of the ProPay Services. Such policies and procedures will
                                            be reasonable and in accordance with generally accepted industry practices. Client agrees
                                            to abide by such ProPay policies and procedures.

 

    		Page 3 of 11	

     

    

 

		4.2.	Privacy
                                            and Security Standards. Each party agrees to comply with all applicable privacy and security
                                            requirements under the Payment Card Industry Data Security Standards (“PCI- DSS”),
                                            the Payment Application Data Security Standards (“PA-DSS”), as well
                                            as the Card Brand security programs, including the American Express Data Security Operating
                                            Policy (“DSOP”) the Discover Information Security & Compliance (“DISC”),
                                            the MasterCard Site Data Protection Program (“SDP”), and Visa’s
                                            Cardholder Information Security Program (“CISP”), as amended from time
                                            to time, and with regard to each party’s use, access, and storage of cardholders’
                                            nonpublic personal information under this agreement. Collectively, the PCI-DSS, PA-DSS, DSOP,
                                            DISC, SOP and AIS will be referred to as “PCI Standards”.
	 	 	 
		4.3.	Representations
                                            by Client regarding Privacy & Security. Client shall comply with the applicable
                                            PCI Standards. Client is responsible for fines/fees that may result from its non-compliance
                                            with the PCI Standards. Prior to the execution of this agreement, Client shall supply documentation
                                            to ProPay verifying Client’s applicable PCI Standards compliance validation, and, on
                                            an annual basis, provide evidence to ProPay of Client’s applicable PCI Standards re-validation.
                                            Such evidence includes a copy of an annual attestation of compliance or the self-assessment
                                            questionnaire, and quarterly submission of compliant vulnerability scans, as applicable.
                                            Client will immediately notify ProPay if a situation arises in which Client can no longer
                                            adhere to any representation and warranty in this section. Client further understands that
                                            a breach of this section may: (i) require Client to be registered as a third party agent,
                                            as defined by and in accordance with the Rules; (ii) change Client’s manner of validation
                                            with the PA-DSS and/or PCI-DSS; and/or (iii) require changes to this agreement; all determined
                                            at the discretion of ProPay. ProPay has the right to immediately terminate this agreement
                                            if any such requirements and/or changes are not completed within the timeframe mandated by
                                            ProPay and/or are not completed to ProPay’s reasonable satisfaction. Client understands
                                            that the PCI Standards and registration requirements are subject to change and that Client
                                            may be required to register as a third party agent, depending upon how Client interacts with
                                            cardholder information.
	 	 	 
		4.4.	Breach
                                            Notification. Client must promptly notify ProPay if Client suspects or becomes aware
                                            of any unauthorized access to its system or to the system of any entity Client uses to offer
                                            the Client Program. Client must also provide the proper notifications to the Card Brands
                                            and impacted parties as required by the Rules. Client must not mention ProPay in Client’s
                                            notifications, unless required by law, the Rules, or specifically approved by ProPay in advance.
	 	 	 
		4.5.	Notification
                                            of Claims. Client shall promptly notify ProPay in the event a claim, fine or penalty
                                            is either threatened or filed against Client related to this agreement by any governmental
                                            organization, any Card Brand, or any other party. The notice shall state the (a) entity bringing
                                            the claim, fine, or penalty, (b) the amount of the claim, fine or penalty, as applicable,
                                            (c) the date such claim, fine or penalty was filed, or is intended to be filed, and (d) the
                                            basis for or nature of the claim, fine or penalty.
	 	 	 
		4.6.	Liability.
                                            If the Card Brands or any other state, federal, or other governing or regulatory agency
                                            levies any fines, fees, penalties, assessments, charges and/oradministrative fees on ProPay
                                            or its sponsor bank as a result of Client’s actions or inactions related to this agreement
                                            or noncompliance with Rules and/or laws or regulations, Client agrees to pay such fines,
                                            fees, penalties, assessments, charges and/or administrative fees.
	 	 	 
		4.7.	Sub-merchant
                                            Compliance. Client shall not allow a Sub-merchant to use Client Program if Client knows
                                            that Sub-merchant is not PCI Standards compliant.
	 	 	 
		4.8.	Editing
                                            Sub-merchant Bank Account Information via APL If approved by ProPay, then ProPay may
                                            provide Client with the ability to add or modify via ProPay’s API the bank account
                                            information in ProPay’s system associated with a Sub-merchant. Client must not modify
                                            the bank account information unless specifically authorized and requested to do so by the
                                            Sub-merchant which owns the account being changed. Client agrees to implement any process
                                            required by ProPay for securing the authorization. Client may only change the bank account
                                            information to reflect a bank account that is owned by the Sub-merchant that authorized the
                                            change. The ability to change bank account information under this clause is contingent on
                                            having an email confirmation sent to Sub-merchants, or the Sub-merchants’ authorized
                                            representatives, for each bank account change. In addition to the other indemnification obligations
                                            in this agreement, Client shall indemnify, defend, and hold ProPay and its sponsor bank harmless
                                            from and against any and all losses that maybe imposed on, incurred by, or asserted against
                                            ProPay or its sponsor bank relating to or based upon Client (or any third party through Client)
                                            adding or modifying bank account information for any ProPay customer. Failure by Client to
                                            comply with this clause is a material breach of the Agreement.

 

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	5.	INTELLECTUAL
                                            PROPERTY OWNERSHIP.
	 	 

		5.1.	Ownership
                                            by ProPay. The concepts, ideas, know-how, techniques, software, technology, programs,
                                            programming tools, documentation, manuals, reports, and drawings developed by ProPay and
                                            used by ProPay to provide the ProPay Services or to fulfill its obligations under this agreement
                                            will be the sole and exclusive property of ProPay, even if Client assisted ProPay in the
                                            development or modification of any such items. This agreement does not transfer from ProPay
                                            to Client any ProPay property, and Client will have no interest whatsoever in such property.
	 	 	 
		5.2.	Ownership
                                            by Client. The concepts, ideas, know-how, techniques, software, technology, programs,
                                            programming tools, documentation, manuals, reports, and drawings developed by Client and
                                            used by Client to provide its services or to fulfill its obligations under this agreement
                                            (except to the extent it incorporates the ProPay Services or ProPay property) will be the
                                            sole and exclusive property of Client, even if Pro Pay assisted Client in the development
                                            or modification of any of such items. This agreement does not transfer from Client to ProPay
                                            any Client property, and ProPay will have no interest whatsoever in such property.
	 	 	 

	6.	SERVICES
                                            LICENSE.
	 	 

		6.1.	Grant
                                            by ProPay. ProPaygrants Client a royalty-free, non-exclusive, non-transferable, non-sublicensable,and
                                            revocable right, during the Term of this agreement, to utilize the now or hereafter existing
                                            ProPay Services, Documentation (excluding API or SOK Licensed Material, more specifically
                                            set forth below), and trademarks, trade names, logos, slogans, and designs (collectively
                                            “ProPay Licensed Material”), solely in connection with this agreement,
                                            including but not limited to incorporating the ProPay Services into Client’s own service
                                            offering and marketing and providing support for the ProPay Services to current and prospective
                                            Sub merchants. Client is not authorized to market or resell the ProPay Services apart from
                                            the Client Program. Client must submit a proof copy of all marketing materials referencing
                                            ProPay for approval prior to displaying or disseminating such materials. ProPay will advise
                                            Client in writing of approval or disapproval of such materials. Approval by ProPay will not
                                            constitute or imply a representation or belief by the approving party that such marketing
                                            material complies with applicable law or Rules.
	 	 	 
		6.2.	Grant
                                            by Client. Client grants ProPay a royalty-free, non-exclusive, non-transferable, non-sublicensable,
                                            and revocable right, during the Term of this agreement, to utilize Client’s trademarks,
                                            trade names, logos, slogans, and designs (“Client’s Licensed Material”)
                                            in providing the ProPay Services, as otherwise required to service and support the Client
                                            Program, and to identify Client in Pro Pay marketing materials.
	 	 	 
		6.3.	Restrictions.
                                            All proprietary and intellectual property rights, title, and interest in the ProPay Licensed
                                            Material and Client Licensed Material, as well as any goodwill or other benefits arising
                                            therefrom, shall remain that of their licensors. All uses of ProPay and Client Licensed Material
                                            by licensees must be consistent with this agreement and in compliance with policies relating
                                            to the licensor’s Licensed Material. A licensor may terminate the rights granted under
                                            this section if, in its reasonable discretion it determines that the licensee’s use
                                            of Licensed Material might tarnish, blur, or dilute the value of such Licensed Material.
	 	 	 

	7.	API
                                            AND SDK LICENSE.
	 	 

		7.1.	API
                                            and SDK License Grant. ProPay grants Client a non-exclusive, non-transferrable, non-sublicensable,
                                            and revocable limited right and license to: (a) use the API and/or SOK in ProPay’s
                                            test environment for internal development and testing to evaluate a potential integration
                                            to ProPay Services Client intends to use; (b) use the API and/or SOK to access the ProPay
                                            Services; (c) copy the API and/or SOK for archival or backup purposes only, provided that
                                            all titles, trademarks, and copyright, proprietary, and restricted notices are reproduced
                                            in all such copies and that all such copies are subject to the terms ofthis agreement; and
                                            (d) create derivative works of the API and/or SOK for use with the ProPay Services. ProPay
                                            reserves all rights to the API and SOK not expressly granted herein. The API, SDK, associated
                                            Documentation, and any information received from ProPay (including information received via
                                            the API or SDK), is known collectively as “API Licensed Material”.

 

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		7.2.	Approved
                                            Uses. The API and SDK license is conditioned upon Client’s use of the API Licensed
                                            Material only:
	 	 	 

(a)
in accordance with the terms of this agreement and applicable laws, Rules, and regulations; (b) in conjunction with ProPay Services which
a Sub-merchant receives; (c) for any of the following approved uses (all of which may be subject to additional terms and conditions set
forth herein or in separate agreement(s)):

 

(i)
take action against payment cards (authorize, capture, void, and refund transactions); (ii) request funds transfers; and (iii) request
information about ProPay accounts or transactions.

 

		7.3.	Prohibited
                                            Uses. Except as expressly provided herein, Client may not copy, translate, modify, create
                                            derivative works of, sell, lease, sublicense, distribute, or publicly display any of the
                                            API Licensed Material. Client may not use any of the API Licensed Material for any purpose,
                                            except for the benefit of ProPay for those permitted purposes outlined above. Without limiting
                                            the generality of the foregoing, Client may not: (a) scrape, crawl, build a database of,
                                            or create a permanent copy of the API Licensed Material or any portion; (b) commit or attempt
                                            to commit any illegal, fraudulent, or wrongful act or any act that violates any Rule or regulation;
                                            (c) interfere, or attempt to interfere, with ProPay’s system, the normal operation
                                            of Pro Pay’s business, or action taken by ProPay to protect its systems; or (d) attempt
                                            to circumvent any limitations or restrictions of the API Licensed Material.
	 	 	 
		7.4.	Third
                                            Party Use of API or SOK. Client agrees that it will assist ProPay in obtaining the assent
                                            to ProPay’s API and/or SDK license terms for any third party that Client wishes to
                                            use the API and/or SDK.
	 	 	 

	8.	LOSSES;
                                            RESIDUAL PAYMENTS; ACH AUTHORIZATION; FEES AND TAXES.
	 	 

		8.1.	Chargebacks
                                            and Losses. Client will have no obligation for a Referred Participant’s losses
                                            or chargebacks incurred by ProPay as long as (a) Client does not offer the Client Program
                                            for free or materially discounted rates to Sub-merchants (even as a trial offering) without
                                            prior written approval by ProPay; and (b) Client is in compliance with section 3 (Compliance
                                            Obligations), and section 5 (Intellectual Property Ownership) of this agreement with regards
                                            to that Referred Participant. Client agrees that if its chargebacks and losses exceed thresholds
                                            pre-determined by ProPay, ProPay may, acting reasonably and in good faith, require Client
                                            to utilize ThreatMetrix services and/or other fraud prevention tools as directed by ProPay
                                            as part of their Client Program.
	 	 	 
		8.2.	Residual
                                            Payments. During the Term, ProPay agrees to pay Client Residual Payments calculated in
                                            accordance with schedule A-1 for Direct Sub-merchants and schedule A-2 for Indirect Sub-merchants.
                                            Client will not be eligible for Residual Payments relating to the same merchant on more than
                                            one schedule and in the event of a dispute, ProPay will reasonably determine the proper classification
                                            of a merchant for purposes of this section. It is expressly understood that Client will not
                                            be entitled to any Residual Payments with respect to merchants of referral partners or ProFacs
                                            referred to ProPay by a Referred Partner. For the avoidance of doubt, if Client has been
                                            referred by a referring party, such referring party is named on schedule A-1 to this agreement.
                                            If it is discovered that Client was referred by another entity and such is not indicated
                                            on schedule A-1, ProPay reserves the right to amend schedule A-1.
	 	 	 
		8.3.	ProPay
                                            will pay Residual Payments no later than 30 days following the end of the preceding calendar
                                            month. In no event will earned Residual Payments be paid to Client until the Residual Payments
                                            exceed $100.00. If Client earns less than $100.00 in Residual Payments in a calendar month,
                                            the amount earned will carry over to the next calendar month until total Residual Payments
                                            exceed $100.00. Client agrees to provide ProPay with a completed and executed W-9 Request
                                            for Taxpayer Identification Number and Certification form prior to ProPay paying any Residual
                                            Payments. ProPay will provide Client with a monthly report showing the Residual Payments
                                            calculation.
	 	 	 
		8.4.	Processing
                                            Rates. Client will set and communicate to Direct Sub-merchants and to ProPay the Direct
                                            Sub merchant pricing for the ProPay Services (“Direct Sub-merchant Fees”);
                                            however, ProPay will have sole discretion as to whether to approve such pricing. For
                                            the avoidance of doubt, a sample Sub-merchant fee schedule can be found at https://www.propay.com/en-US/Sub-merchant-Fee-Schedule-Sample-vl-2018.
                                            and may be updated by ProPay from time to time. The parties acknowledge that Indirect Sub-merchant
                                            pricing is subject to change at any time by ProPay.

 

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	 	8.5.	Fees.
    ProPay will deduct from the proceeds of the Direct Sub-merchant transactions ProPay’s fees as set forth in schedule A-1
    together with any other fees, fines or other debts due to ProPay before paying Residual Payments. If Client has or opens a merchant
    processing account with ProPay, Client authorizes ProPay to debit Client’s ProPay account for any fees, fines or other debts
    due to ProPay pursuant to this agreement. Upon execution of this agreement, Client will provide ProPay with a voided check for an
    account maintained by Client with a financial institution that is a member of the Federal Reserve Automated Clearing House into which
    ProPay may deposit amounts by ACH (“Designated Account”). Residual payments shall be subject to set-off in the
    reasonable discretion of ProPay for liabilities owing to ProPay or ProPay’s sponsor bank by Client pursuant to this agreement.
    For example, if a Sub-merchant goes out of business and the result is $10,000 in chargebacks, Client shall not be liable for chargebacks
    of such Sub-merchant provided that Client is in compliance with its obligations under section 8.1 above with regards to that Sub-merchant.
    However, if the previously calculated Residual Payments on the $10,000 of charged back transactions was $100 and Client was paid
    $50, then the $50 previously paid as part of the Residual Payments shall be debited against the current month’s Residual Payments
    after calculating costs and Residual Payments for that particular month. If Residual Payments are not sufficient to cover ProPay’s
    losses, Client authorizes ProPay to debit the Designated Account for the balance owing.
	 	 	 
	 	8.6.	Disputes.
    If Client disputes the amount of Residual Payments, ProPay fees, or other charges, it must do so within 90 days from the date
    of ProPay’s statement showing the fee or Residual Payment that is the subject of Client’s dispute. ProPay will not have
    any responsibility in connection with any disputed payments, fees, or charges not reported by Client to ProPay within this 90 day
    period.
	 	 	 
	 	8.7.	Fee
    Increases. During the Initial Term, the fees for the ProPay Services shown in schedule A-1 may only be increased: (a) to directly
    offset any increase in rates charged by any communication service providers or by providers of products for which ProPay is a reseller;
    (b) to offset any increase due to a change in law, regulation, the Rules, or with actions of the Card Brands. Fee increases will
    become effective on the day the increase in rates becomes effective for ProPay. Following the Initial Term, ProPay can increase
    fees at its discretion. In all cases of fee increases, ProPay will endeavor to give Client 60 days’ written notice of any increase,
    or the amount of notice that ProPay receives of such increase if such notice to ProPay is less than 60 days.
	 	 	 
	 	8.8.	Taxes.
    The fees provided for in this agreement are exclusive of any and all applicable taxes or assessments, whether designated as sales
    taxes, use taxes, ad valorem taxes, property taxes or by some other name or designation, and including any interest or penalties
    thereon, which may be levied upon or assessed by any governmental or taxing jurisdiction in connection with the performance of services
    hereunder for Client or the provision to Client of any equipment necessary for the performance of services hereunder for Client,
    and exclusive of any expenses which, by the express terms hereof, are to be paid by Client. In the event of the payment of or for
    any such tax, assessment or expense by ProPay for Client, Client shall in tum pay ProPay for such items.

 

	9.	RIGHT
    TO AUDIT. In order to comply with the Rules and assist in maintaining the policies of the Card Brands and to confirm Client’s
    compliance with the terms of this agreement, during the Term and for a period of one year following termination, Client will allow
    ProPay, the Card Brands, or any government-type entity having regulatory authority over ProPay (“Regulatory Authority”)
    to review Client’s records as such relate to the activities within the purview of this agreement. Client will ensure that
    allsuch records and information are made available to ProPay as soon as possible but no later than (a) seven business days from the
    receipt of a request from ProPay, the Card Brands, or any Regulatory Authority, or (b) within the time frame mandated by the Card
    Brands or Regulatory Authority, whichever is sooner.If Client decides to register as a payment facilitator with ProPay’s sponsor
    bank and such registration requires an onsite audit by ProPay, then Client shall reimburse ProPay for travel and lodging costs associated
    with the onsite audit.
	 	 
	10.	PROPAY’S
    STATUS WEBSITE. The website status.propay.com is ProPay’s communication tool for operational issues. Client is encouraged
    to visit status.propay.com at any time to review the operational status of Merchant Services and subscribe to real time operational
    updates via email, SMS, slack or webhook. If Client does subscribe, it is Client’s responsibility to keep its contact information
    updated at status.propay.com to assure that the proper individual(s) receive the updates. If Client does not subscribe, Client
    acknowledges that it may miss out on important updates about ProPay’s system.
	 	 
	11.	NO
    WARRANTIES. ProPay provides all materials and services ‘‘AS IS” and ‘‘AS AVAILABLE.” ProPay
    specifically disclaims all warranties of any kind, whether express, implied, or statutory, including, but not limited to, the
    implied warranties of title, non-infringement, merchantability, fitness for a particular purpose, or any warranty arising out of
    any proposal, specification, or sample. In particular; but without limitation, ProPay does not warrant that the operation of the
    ProPay Services will be uninterrupted or error free.

 

    		Page 7 of 11	

     

    

 

	12.	INDEMNIFICATION.
    Client shall indemnify, defend, and hold ProPay harmless from all claims, demands, loss, (financial or otheiwise) damage, liabilities,
    costs, fees, increased expenses (including without limitation, interest, penalties, court costs and reasonable attorneys’ fees),
    which may be incurred or claimed by ProPay or any third party as a result of: (a) Client’s acts or omissions in utilizing the
    Pro Pay seIVices (b) Client’s breach of this agreement; (c) Client’s failure to comply with law, regulation or Card Brand
    Rule; (d) any representation or warranty made by Client to any third person other than as specifically authorized by this agreement;
    or (e) Client’s willful misconduct, intentional acts or omissions, or fraud.
	 	 
	13.	LIMITATION
    OF LIABILITY. ProPay shall not be liable to Client for any indirect, sped al, incidental, exemplary punitive, treble, or
    consequential damages (including, without limitation, loss of business, revenue, profits, goodwill, use, data, or other economic
    advantage), whether based on breach of contract, tort (including negligence), product liability, or otherwise, and whether or not
    a party has previously been advised of the possibility of such damages. To the fullest extent permitted by law, ProPay’s total
    liability to Client under this agreement will not exceed the lesser of $25,000 or the compensation paid to Client under this agreement
    for the four month period prior to the event giving rise to damages.
	 	 
	14.	CONFIDENTIALITY.

 

	 	14.1.	Confidential
    Information. “Confidential Information” means information, without regard to form, that is disclosed to or becomes known
    to the other party as a result of activities under this agreement and is not generally known in the relevant trade or industry. Confidential
    Information includes, but is not limited to, the following: information concerning the business, operations, or affairs of the disclosing
    party, proprietary ideas, techniques, technological developments, financial information and results, audits of any kind, customer
    information, supplier lists, business forecasts, software, sales, merchandising, marketing plans and materials, and any other information
    which is marked or designated as confidential, restricted, proprietary, or with a similar designation, or, if unmarked, which the
    recipient should reasonably know is confidential.
	 	 	 
	 	14.2.	Obligations.
    A party receiving Confidential Information of the other party will: (a) not use the Confidential Information for any purpose other
    than the performance of its obligations under the agreement; (b) not disclose Confidential Information to any third party except
    with the prior written consent of the disclosing party; (c) protect the Confidential Information using the same procedures and practices
    as it uses to protect its own Confidential Information; (d) require its agents who may gain access to the Confidential Information
    during the performance of their duties under this agreement to comply with the provisions of this agreement. Each party will be responsible
    for any acts or omissions which are in violation of the terms and conditions of this agreement by any agent to whom it has disclosed
    Confidential Information. Neither party will be in breach of the provisions of this section to the extent a party must disclose Confidential
    Information to a governmental agency or third party having regulatory control over a party; or to the Card Brands or an agent in
    order for a party to fulfill its obligations under the agreement.
	 	 	 
	 	14.3.	Exclusions.
    The provisions of this section do not apply to Confidential Information which the receiving party can prove: (a) is in the public
    domain other than by a breach of the agreement; or (b) is obtained from a third party who is lawfully authorized to disclose that
    information; or (c) can be demonstrated to have been independently developed without reference to anything protected by this section;
    or (d) is authorized for release by written consent of the disclosing party; (e) is required to be disclosed by law or by judicial
    or administrative process in connection with any action, suit, proceeding or claim or otherwise applicable law; or (f) is required
    to be disclosed as part of the financial or legal disclosure requirements of a publicly traded company.

 

	15.	TERM
    AND TERMINATION.

 

	 	15.1.	Term.
    This agreement will become effective as of the Effective Date and remain in force for three years (“Initial Term”),
    thereafter renewing automatically for additional periods of one year each (each, a “Renewal Term,” and collectively
    with the Initial Term, the “Term”) unless either party gives at least 90 days’ written notice prior to the
    end of the then-current term of its intent not to renew.

 

    		Page 8 of 11	

     

    

 

	 	15.2.	Termination
    forCause. (a) Either party may terminate this agreement immediately upon written notice if: (i) the other party commits a
    non-remediable material breach of this agreement or if it fails to cure any remediable material breach or provide a written plan
    of cure acceptable to the non-breaching party within 30 days of being notified in writing of such breach, or (ii) if either party
    becomes insolvent, files or has filed against it a petition under applicable bankruptcy or insolvency laws which is not dismissed
    within 90 days, proposes any dissolution, composition or financial reorganization with creditors, makes an assignment for the benefit
    of creditors, or if a receiver, trustee, custodian or similar agent is appointed or takes possession with respect to any property
    or business of the defaulting party, then the other party may terminate the agreement by giving written notice of termination to
    that party with immediate effect. (b) Pro Pay may immediately terminate this agreement upon written notice of termination if Client
    commits a material breach of the Rules, or ProPay has a reasonable belief that Client is employed in practices that involve elements
    of criminal activity, fraud or conduct that maybe deemed to be potentially injurious to ProPay, ProPay’s sponsor bank or the
    Card Brands.
	 	 	 
	 	15.3.	Suspension
    without Termination. Notwithstandingany provision of this agreement to the contrary, ProPay may suspend its provision of any
    and all ProPay Services under this agreement following: (a) any failure by Client to pay any amount owed to ProPay pursuant to the
    terms of this agreement within 15 calendar days after receiving written notice that such amount is due and owing to ProPay, and is
    delinquent; or (b) any use by Client of the ProPay Services that is fraudulent, illegal, damaging or otherwise harmful to ProPay’s
    servers or systems, or not in accordance with this agreement. Any suspension of ProPay Services may continue until the failure or
    breach is remedied in full by Client, or until ProPay, in its reasonable business discretion, elects to resume providing the ProPay
    Services.
	 	 	 
	 	15.4.	Obligations
    upon Termination or Expiration. Following termination of this agreement (for whatever reason), each party will deliver to the other
    any property of the other party in its possession or control. Upon request, each party will certify that it has returned or destroyed
    all copies of the Documentation and Confidential Information and acknowledges that its rights to use the same are relinquished. The
    termination or expiration of this agreement in no way relieves either party from its obligations to pay the other party any sums
    accrued hereunder prior to such termination or expiration.
	 	 	 
	 	15.5.	Effect
    of Termination. The authority granted pursuant to sections 6 (Services License) and 7 (AP! and SOK License) will terminate
    upon termination of this agreement and Client shall discontinue the marketing of the ProPay Services immediately on such termination.

 

	16.	GENERAL.

 

	 	16.1.	Governing
    Law and Venue. The substantive and procedural laws of State of Utah (without regard to its conflicts of law provisions) govern
    all matters arising out of or relating to this agreement whether based in contract, tort, or statute. The United Nations Convention
    on Contracts for the International Sale of Goods shall not apply to this Agreement. The parties each consent to the exclusive jurisdiction
    and venue of the federal or state courts located in Salt Lake County, Utah for any legal suit, action, or proceeding arising out
    of or relating to this agreement. The parties waive any right to trial by jury in any action arising out of, in connection
    with, or in any way related to this agreement. The prevailing party in an action brought against the other to enforce the terms
    of this agreement or any rights or obligations hereunder, will be entitled to receive its reasonable costs and expenses of bringing
    such action including its reasonable attorney’s fees in addition to any other recoverable damages to the extent permitted by
    applicable law.
	 	 	 
	 	16.2.	Notices.
    Client’s notices or other communications under this agreement will be sent via hand-delivery or nationally-recognized courier
    and addressed and sent to ProPay at its address as specified in this agreement. ProPay’s notices or other communications to
    Client under this agreement will be sent via hand-delivery, nationally-recognized courier addressed to Client at its address as specified
    in this agreement, or via email to Client’s email address on file. Both parties may update their addresses as necessary throughout
    the Term provided that they give notice to the other party pursuant to this clause. Notices and communications will be effective
    on the date of actual receipt.
	 	 	 
	 	16.3.	Relationship
    of Parties. The parties will be deemed independent contractors and will not be considered agents, joint ventures, or partners
    of the other. Nothing in this agreement or in the course of the dealing of the parties will be construed as authorizing either party
    to obligate or bind contractually, in liability, or otherwise, the other party.

 

    		Page 9 of 11	

     

    

 

	 	16.4.	Survival.
    The sections titled Compliance Obligations, Term and Termination, Non-Solicitation, Confidential Information, Use ofLogo, No Warranties,
    Indemnification, Limitation ofLiability, and General, any definitions of terms in such sections, and all other rights and obligations
    under this agreement which by their nature should survive will remain in effect after termination or expiration of this agreement.
	 	 	 
	 	16.5.	Amendments.
    Except for schedule A-1 which can be modified as directed in clause 8.7 (Fee Increases), no modification to this agreement will
    be binding unless in writing and signed by an authorized representative of each party. Notwithstanding the foregoing, ProPay may
    amend this agreement to comply with changing laws, policies, guidelines, regulations, ordinances, restrictions, limitations and rules
    (including without limitation Card Brand and National Automated Clearing House Association (NACHA) rules) applicable to this agreement.
	 	 	 
	 	16.6.	Entire
    Agreement. This agreement constitutes the entire agreement between the parties as to the subject matter hereof and supersedes
    any prior agreements between them relating to the subject matter hereof. Any oral representations, warranties or promises, made by
    a party which are not set forth in this agreement are of no effect.
	 	 	 
	 	16.7.	Assignment.
    This agreement may not be assigned or transferred, nor may any duties of Client be delegated (by operation of law, merger or any
    other manner) by Client without ProPay’s prior written consent, which will not be unreasonably withheld or delayed. Any purported
    assignment or delegation in violation of this clause is void. ProPay may assign this Agreement to an Affiliate without consent or
    notice.
	 	 	 
	 	16.8.	Force
    Majeure. Neither party will be liable for delay in performing any of its obligations insofar as the performance of such obligation
    is delayed by an event that is beyond its reasonable control. Any delay by a contracting party to perform its obligations arising
    from the occurrence of such an event must notify the other party as soon as possible, together with details of the circumstances
    giving rise to the event.
	 	 	 
	 	16.9.	Severability
    and Waiver. If any provision of this agreement is held invalid or unenforceable by a court or agency having proper jurisdiction,
    all other provisions of this agreement will remain in full force and effect. Neither failure nor delay on the part of any party in
    exercising any right, power or privilege hereunder shall operate as a waiver, nor shall any single or partial exercise preclude any
    further exercise of any other right, power or privilege. All waivers must be signed by the party waiving its right(s).
	 	 	 
	 	16.10.	Execution
    of Agreement. This agreement may be executed in one or more counterparts, each of which will be deemed an original and all of
    which together will constitute one and the same agreement. Each party may sign this agreement using an electronic or handwritten
    signature, which are of equal effect, whether on original or electronic copies.

 

By
signing below, each party acknowledges that it has carefully read and fully understood this agreement, and each agrees to be bound by
the terms of this agreement.

 

PRO
PAY, INC.

 

	By:	/s/ Tom
    Boyer	 	By:	/s/
    Alon Elbaz
	 	 	 	 	 
	Name:	Tom
    Boyer	 	Name:	Alon
    Elbaz
	 	 	 	 	 
	Title:	Managing
    Diretcor	 	Title:	Chief
    Executive Officer and Director
	 	 	 	 	 
	Date:	

December
31, 2020

	 	Date:	December
    31, 2020

 

    		Page 10 of 11	

     

    

 

SCHEDULE
A-1 RESIDUAL PAYMENTS

 

[***]

 

    		Page 11 of 11Exhibit
10.4

 

CERTAIN
IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS EXHIBIT BECAUSE IT IS BOTH

(I)
NOT MATERIAL AND (II) WOULD LIKELY CAUSE COMPETITIVE HARM IF PUBLICLY DISCLOSED. [***] INDICATES THAT INFORMATION HAS BEEN REDACTED.

 

  

FACe
Pricing ProposalProposal January 17th, 2020 Netpay International

Presented
by: Enterprise Business Development

 

	Cody
    Moore	Illinois
    Office
	Title
    EBDM	201
    Main St. Roselle, IL 60172
	Email:
    cmoore@nmi.com	Utah
    Office
	Ph:
    847-352-4850 x 168	2174
    W Grove Parkway, Suite
	150	 
	Fax:
    888-829-3631	Pleasant
    Grove, UT 84062

 

Pricing
Proposal

 

FACe
Facilitation Enablement

  

	FACe	 	 
	Fee
    $0	 	Setup
	 	 	 
	Payment
    facilitation processing: processor merchant 	 	Discount
    rate [***]
	approval and onboarding for credit card and ACH.	 	Per
    Transaction
	 	 	Fee
    [***] Chargeback
	 	 	transaction
    Fee [***]

 

Note:
Fees paid other than via ACH are subject to a $100 convenience fee. Actual branding fees may be higher if branding occurs at a later
date. Pricing subject to change.

 

Please
sign your name and date below indicating your understanding and acceptance of these fees. Upon receipt of the signed copy of this proposal,
we will contact you to configure your Payment Gateway Account so you can begin offering payment gateway services to your merchant customers.

 

	Network
    Merchants, LLC.	 	Netpay
    International
	 	 	 
	/s/ TJ Fund
	 	/s/
    Alon Elbaz
	(Signature)	 	Chief
    Executive Officer and Director

 

    	 

    	 

    

 

AFFILIATE
PARTNER AGREEMENT FACe ADDENDUM

 

This
Affiliate Partner Agreement FACe Addendum (“FACe Addendum”) amends and supplements that certain Affiliate Partner
Agreement, as supplemented and amended, by and between Network Merchants LLC (“Gateway Provider”) and Affiliate Partner
(“Agreement”) and is made and entered into as of _December 16_, 2016 (“Addendum Effective Date”).
Gateway Provider owns and operates certain technology (the “FACe Platform”) to assist Payment Facilitators (as such
term is defined in the operating rules of the Card Associations (“Rules”)). Affiliate Partner desires to use the FACe
Platform, and Gateway Provider desires to provide the FACe Platform to Affiliate Partner subject to the terms and conditions set forth
in this Addendum. Therefore, for valuable consideration, the sufficiency of which is acknowledged, the parties desire to supplement and
amend the Agreement as follows:

 

	1.	Definitions.

 

Words
and phrases with initial letters capitalized and not otherwise defined herein shall have the meanings set forth in the Agreement.

 

	2.	Amendments
    to Agreement.

 

	 	2.1	Amendment
    to Agreement Section 5.

 

Section
5 of the Agreement is hereby amended by adding the following to the end thereof:

 

“(a)
Gateway Provider will provide Affiliate Partner access to the FACe Platform. The services provided to Affiliate Partner under this FACe
Addendum will be included for all purposes in the definition of “Gateway Provider Services” in the Agreement. Affiliate Partner
shall be fully responsible for the transactions and activities of all customers and Merchants of Affiliate Partner, Sub-Affiliate Partners
and/or Other Affiliate Partners that are boarded through or are utilizing the FACe Platform, and agrees to assume all risk of loss on
such transactions and activities and all liability incurred by it and by Gateway Provider with regard thereto. Affiliate Partner will
notify Gateway Provider if it is a Payment Facilitator sponsored by a third party other than Vantiv, LLC or Wells Fargo Bank, N.A., and
Gateway Provider may, within its sole discretion, provide the functions set forth in this Section with regard to such other third party
Payment Facilitator sponsor. Gateway Provider reserves the right to change all or part of the protocols and the network configuration
used by Gateway Provider in providing the Gateway Provider Services, and Gateway Provider may modify, upgrade, or otherwise alter the
FACe Platform so long as such action is substantially identical across all of Gateway Provider’s similarly situated customers.
Affiliate Partner shall randomly check all output information produced by Gateway Provider to determine if such information is correct
and will promptly report any errors or failure to perform discovered therein to Gateway Provider. Any such errors must be reported by
Affiliate Partner to Gateway Provider within one (1) year of when such error or failure to perform are known to Affiliate Partner. Gateway
Provider shall be entitled to rely upon data, information, and instructions provided to Gateway Provider by or on behalf of Affiliate
Partner. In no event shall Gateway Provider be liable with respect to any loss, liability, cost, damage, or expense arising out of a
claim by Affiliate Partner or by third parties in connection with the data, computations, and services provided and/or performed by Gateway
Provider hereunder to the extent that such data, computations, and/or services as to which such claim arises were provided and/or performed
in accordance with Affiliate Partner’s written requirements and/or instructions in such regard, including but not limited to, Affiliate
Partner’s memoranda, data entry instructions, or computer field instructions. In addition, Gateway Provider will perform the following
functions, as more fully described and subject to the terms set forth in the attached FACe Addendum Exhibit A:

 

	 	(i)	Seamless
    Onboarding.
	 	(ii)	Real-Time
    Sub-Merchant Creation and Management.
	 	(iii)	Know
    Your Customer Service and Reporting.
	 	(iv)	Sub-Merchant
    Accounting and Billing Services.
	 	(v)	Sub-Merchant
    Statements.
	 	(vi)	Reconciliation
    Reporting.
	 	(vii)	Automated
    Chargeback Importation and Notification.
	 	(viii)	Consolidated
    Gateway and FACe Reporting.”

 

    	 

    	 

    

    

	 	2.2	Amendment
    to Agreement Section 6.2.

 

Section
6.2 of the Agreement is hereby amended by adding the following to the end thereof:

 

“Affiliate
Partner hereby irrevocably authorizes Gateway Provider to initiate via ACH debit entries to that Affiliate Partner depository account
identified by Affiliate Partner to Gateway Provider (“Affiliate Partner Account”) in the amount of the fees set forth
in the Affiliate Partner Fee Schedule located in the Control Panel of the Gateway Partner Web Site related to the FACe services provided
by Gateway Provider and described in the Affiliate Partner Agreement FACe Addendum. Such debits shall occur each month for the previous
month’s activity in the amounts owed to Gateway Partner under this Agreement. If such fees, individually or in aggregate with all
other fees due to Gateway Provider, accrue to more than $50.00 at any time in any given month, Gateway Provider may invoice Affiliate
Partner or debit the Affiliate Partner Account for the full amount due on a more frequent basis, at Gateway Provider’s discretion.
This ACH authorization will remain in effect after the later of the termination of the FACe Addendum or the termination of the Agreement,
and until Gateway Provider has received written notice terminating this authorization and all of Affiliate Partner’s obligations
to Gateway Provider have been paid in full. In the event Affiliate Partner changes the Affiliate Partner Account, it will notify Gateway
Provider, and this authorization will apply to the new account. If Affiliate Partner believes that any amount debited was made in error,
Affiliate Partner must notify Gateway Provider in writing within 30 days after the debit in question was made. Such written notice must
include: (a) Affiliate Partner’s name, (b) the dollar amount of the asserted error, (c) a description of the asserted error, and
(d) an explanation of why Affiliate Partner believes an error exists and the cause of it, if known. Failure to notify Gateway Provider
party within such time period will result in Gateway Provider not being responsible for investigating or remedying any asserted errors.
If Affiliate Partner notifies Gateway Provider after such time period, Gateway Provider shall not have any obligation to adjust the fees
for any asserted error.”

 

	 	2.3	Amendment
    to Agreement Section 7.

 

Section
7 of the Agreement is amended by adding the following new Section to the end thereof: “7.6

 

Termination
of FACe Addendum.

 

The
FACe Addendum may be terminated by either party in accordance with the terms and conditions set forth in Section 7 of the Agreement,
without, at such terminating party’s option, terminating the remainder of the Agreement.”

 

	 	2.4	Amendment
    to Agreement Section 8.1.

 

Section
8.1 of the Agreement is amended by adding the following to the end thereof:

 

“(c)Affiliate
Partner is fully registered as a Payment Facilitator under the Rules; and

 

(d)Affiliate
Partner is and will remain compliant with all Card Association, NACHA, and state and federal laws and regulations when utilizing the
FACe Platform and Gateway Provider Services.”

 

	 	2.5	Amendment
    to Agreement Section 9.2.

 

Section
9.2 of the Agreement is amended by adding the following to the end thereof:

 

“In
addition, Affiliate Partner assumes all liability, and shall be responsible for all losses incurred by Affiliate Partner and all losses
incurred by Gateway Provider, associated with the FACe Platform functionality used by Affiliate Partner, Sub-Affiliate Partners, and/or
Other Affiliate Partners, including but not limited to all liability and losses associated with or arising out of any FACe Event. Affiliate
Partner shall be fully liable to Gateway Provider for, and shall completely indemnify, defend and hold harmless Gateway Provider, its
Third Party Service Providers, and any of their officers, directors, agents and employees from and against any and all liability, loss,
penalty, fine, settlement, cost, damage, injury, or expense, including but not limited to attorneys’ fees and litigation expenses,
incurred by Gateway Provider arising out of or related to: any FACe Event; or any access to, use of, activity through, or modification
made through Gateway Provider’s Website, the Affiliate Control Panel, and/or the FACe Platform. This Section shall survive termination
of this Agreement or Addendum.”

 

    	 

    	 

    

 

	 	2.6	Amendment
    to Agreement Section 10.

 

Section
10 of the Agreement is amended by adding the following to the end thereof:

 

“Affiliate
Partner acknowledges and agrees that the FACe Platform merely transmits data provided by Affiliate Partner or its agents, and that Gateway
Provider shall not be liable for the content, results, or implications of any such data, including but not limited to inaccurate or incomplete
data, payment amounts and depository account routing information, or the fraudulent use of such data, transmitted through the FACe Platform.
Gateway Provider makes no representation or warranty that the FACe Platform will comply with the technological requirements of Affiliate
Partner’s sponsorship program, and Affiliate Partner is solely responsible for ensuring that its sponsor institution supports use
of the FACe Platform. Any change in the technological requirements of Affiliate Partner’s sponsor institution may result in temporary
or permanent communication errors or failures between the FACe Platform and Affiliate Partner’s sponsor institution, and all liability
associated with or arising out of such communication errors or failures shall be the sole responsibility of Affiliate Partner, including
but not limited to settlement failures, deposit failures, misdirected deposits, unauthorized transactions, unreported transactions, fines
or fees associated with the failure to fulfill the functions set forth on FACe Addendum Exhibit A, chargebacks, assessments, and any
other fees or expenses.”

 

	 	2.7	Amendment
    to Agreement Section 11(b).

 

Section
11(b) of the Agreement is amended by deleting that Section in its entirety and replacing it with the following:

 

“(b)
GATEWAY PROVIDER’S TOTAL CUMULATIVE LIABILITY TO AFFILIATE PARTNER, WHETHER IN CONTRACT OR TORT, WITH RESPECT TO ANY CLAIM UNDER
THE FACe ADDENDUM OR THIS AGREEMENT SHALL BE LIMITED TO THE AGGREGATE COMPENSATION PAID TO GATEWAY PROVIDER THROUGH THE CLAIMING AFFILIATE
PARTNER ACCOUNT DURING THE THIRTY (30) DAYS PRIOR TO THE EVENT RELATED TO ANY SUCH CLAIM OF LIABILITY OR $1,500, WHICHEVER IS LESS.”

 

	 	2.8	Amendment
    to Agreement Section 13.1.

 

Section
13.1 of the Agreement is amended by adding the following to the end thereof:

 

“The
FACe Platform and the terms of the FACe Addendum shall be for all purposes the Confidential Information owned by Gateway Provider.”

 

	 	2.9	Amendments
    to Agreement Exhibit A.

 

The
following definitions in Exhibit A of the Agreement are revised as follows:

 

The
definition of “Merchant” in the Agreement is hereby amended by adding the following to the end thereof: “Merchant
also means for all purposes under this Agreement any “Sub-Merchant” or “Sponsored Merchant” of Affiliate Partner
or of a Sub- Affiliate Partner, as the terms “Sub-Merchant” and “Sponsored Merchant” are defined in the Rules,
as such Rule definitions may be amended from time to time.”

 

The
following new definitions are added to Exhibit A:

 

“FACe
Event” means any one or more of the following, whether such event is as a result of the act or omission of Affiliate Partner
or is the act or omission of any third party: the unauthorized or fraudulent access or use of the FACe Platform to create Merchant gateway
accounts; fraud conducted by a Merchant; inaccurate information entered into the FACe Platform, including but not limited to bank account
information, routing information, fee amounts, discount percentages, payment timing, payment amounts, or reserve amounts; communication
failures between the FACe Platform and Affiliate Partner’s sponsor institution; unauthorized transactions; unauthorized deposits;
fraudulent deposits; misdirected deposits; and all chargebacks, fees and amounts incurred by Gateway Provider attributable thereto.

 

“Sub-Affiliate
Partner” means any third party that utilizes Affiliate Partner’s Merchant Identification Number or whose Merchants are
utilizing the Gateway Account.”

 

    	 

    	 

    

 

	3.	Miscellaneous.

 

	 	3.1	This
    FACe Addendum shall be incorporated into and made a part of the Agreement. Except as revised by this FACe Addendum, all provisions
    of the Agreement remain in full force and effect. If there is any inconsistency between the terms of this FACe Addendum and the terms
    of any agreement Affiliate Partner has entered into, the terms of this FACe Addendum will prevail.

 

	Network
    Merchants LLC	 	Netpay
    International
	 	 	 	 	 
	By:	/s/
    TJ Fund	 	By:	/s/
    Lina Michaeli
	Name:	TJ
    Fund	 	Name:	Lina
    Michaeli
	Title:	SVP
    & General Counsel	 	Title:	Chief
    Executive Officer and Director

 

Affiliate
Partner Agreement Addendum Last Revised January, 2016 CONFIDENTIAL

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