Document:

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                                                                    EXHIBIT 10.2

                            INVESTOR RIGHTS AGREEMENT

      This Investor Rights Agreement (this "Agreement") is made as of March 20,
2000, (the "Effective Date") by and between Global Payments Inc., a Georgia
corporation (the "Company") and Canadian Imperial Bank of Commerce, a bank
governed by the Bank Act (Canada) as amended from time to time ("Bank").

      WHEREAS, National Data Payment Systems, Inc., a New York corporation
("NDPS") and Bank are parties to that certain Asset Purchase Agreement, dated as
of November 9, 2000 (the "Asset Purchase Agreement"), whereby, among other
matters, Bank agreed to sell, and NDPS agreed to purchase, the Assets Sold (as
such term is defined in the Asset Purchase Agreement);

      WHEREAS, the Company and Bank are parties to that certain Stock Purchase
Agreement, dated as of November 9, 2000 (the "Stock Purchase Agreement"),
whereby, among other matters, the Company agreed to sell and Bank agreed to
purchase, concurrently with the transactions contemplated by the Asset Purchase
Agreement, certain shares of common stock of the Company;

      WHEREAS, the Company has succeeded to all the business, assets and
liabilities of the eCommerce operations of National Data Corporation, a Delaware
corporation ("NDC"), pursuant to a Distribution Agreement, dated as of January
31, 2001, between NDC and the Company (the "Distribution Agreement");

      WHEREAS, pursuant to the Distribution Agreement, NDPS is a wholly owned
Subsidiary of the Company;

      WHEREAS, the Stock Purchase Agreement requires, as a condition to closing,
that the parties hereto enter into this Agreement.

      NOW, THEREFORE, in consideration of the mutual promises hereinafter set
forth, the parties hereto agree as follows:

                                    SECTION 1

                                   DEFINITIONS

      1.1.  DEFINITIONS.  Capitalized terms used herein and not otherwise
defined herein shall have the meanings set forth in the Asset Purchase
Agreement. The following terms shall have the following meanings:

            "Acquisition Restrictions" means, collectively, the provisions of
Section 3.1.

            "Affiliate" means, with respect to the Person specified, a Person or
entity that, directly or indirectly through one or more intermediaries,
controls, is controlled by, or is under
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common control with, such specified Person, provided, however, that solely for
purposes of this Agreement, neither the Company nor any of its Subsidiaries or
Affiliates shall be deemed to be a Subsidiary or Affiliate of Bank solely by
virtue of Bank's ownership of Shares or the election of directors nominated by
it to the Board pursuant to Section 5.1, in each case in accordance with the
terms and conditions of, and subject to the limitations and restrictions set
forth in, this Agreement.

            "Beneficial Ownership" by a Person of any securities includes
ownership by any Person who, directly or indirectly, through any contract,
arrangement, understanding, relationship or otherwise, has or shares with
another Person (i) voting power which includes the power to vote, or to direct
the voting of, such security; and/or (ii) investment power which includes the
power to dispose, or to direct the disposition of, such security; and shall
otherwise be interpreted in accordance with the term "beneficial ownership" as
defined in Rule 13d-3 adopted by the SEC under the Exchange Act; provided that
for purposes of determining Beneficial Ownership, a Person shall be deemed to be
the Beneficial Owner of any securities which may be acquired by such Person
(irrespective of whether the right to acquire such securities is exercisable
immediately or only after the passage of time, including the passage of time in
excess of 60 days, the satisfaction of any conditions, the occurrence of any
event or any combination of the foregoing) pursuant to any agreement,
arrangement or understanding or upon the exercise of conversion rights, exchange
rights, warrants or options, or otherwise. For purposes of this Agreement, a
Person shall be deemed to Beneficially Own any securities Beneficially Owned by
its Subsidiaries or any Group of which such Person or any such Subsidiary is or
becomes a member.

            "Board" means the Board of Directors of the Company.

            "Common Stock" means shares of the common stock, without par value,
of the Company.

            "Demand Party" means (a) Bank or (b) any other Holder or Holders
that may become an assignee of Bank's rights hereunder in accordance with
Section 4.8 hereof, provided that to constitute a Demand Party under clause (b),
a Holder or Holders must either individually or in the aggregate with all other
Holders with whom it is acting together to demand registration Beneficially Own
at least 25% of the total number of Registrable Securities outstanding at the
time of such demand.

            "Exchange Act" means the United States Securities Exchange Act of
1934, as amended (or any successor statute).

            "Form S-3" means such form under the Securities Act as in effect on
the date hereof or any successor form under the Securities Act.

            "Governmental Entity" means (i) any multinational, federal,
provincial, state, municipal, local or other governmental or public department,
central bank, court, commission, board, bureau, agency or instrumentality,
domestic or foreign, (ii) any subdivision or authority of any of the foregoing,
or (iii) any quasi-governmental or private body exercising any regulatory,
expropriation or taxing authority under or for the account of any of the above.

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            "Group" shall have the meaning assigned to it in Section 13(d)(3) of
the Exchange Act.

            "Holder" means any Person, including Bank, owning or having the
right to acquire Registrable Securities, including any assignee thereof in
accordance with Section 4.8 hereof.

            "Marketing Alliance Agreement" means the marketing alliance
agreement, dated as of the date hereof, by and between Bank and NDPS, as the
same may be supplemented, modified or amended from time to time.

            "Permitted Third Party Transfer Date" means the date that is the
earlier of (a) six months after termination of the Marketing Alliance Agreement
or (b) three years after the date hereof.

            "Person" means a natural person, partnership, limited liability
company, corporation, joint stock company, trust, unincorporated association,
joint venture, Governmental Entity or any Group comprised of two or more of the
foregoing.

            "register," "registered," and "registration" refer to a registration
effected by preparing and filing a registration statement or similar document in
compliance with the Securities Act and the declaration or ordering of
effectiveness with respect to such registration statement or document.

            "Registrable Securities" means (i) the Common Stock issued pursuant
to the Stock Purchase Agreement and with respect to which the restrictions on
transfer provided in Section 2.1 have lapsed as provided in Section 2.2 or
Section 2.3, (ii) any other shares of Common Stock acquired after the date of
this Agreement by Bank or any of its Subsidiaries as permitted by the terms
hereof, and (iii) any security of the Company issued as a dividend or other
distribution with respect to, or in exchange for or in replacement of, the
shares listed in clauses (i) and (ii); provided, however, that the foregoing
definition shall exclude in all cases any Registrable Securities sold by a
Person in a transaction in which its rights under this Agreement are not
assigned. Notwithstanding the foregoing, securities shall cease to be
Registrable Securities when (i) such securities shall have been distributed
pursuant to Rule 144 (or any successor provision) under the Securities Act, (ii)
a registration statement with respect to the sale of such securities shall have
become effective under the Securities Act and such securities shall have been
disposed of in accordance with the plan of distribution set forth in such
registration statement, (iii) such securities shall have been otherwise
transferred, new certificates for them not bearing a legend restricting further
transfer shall have been delivered by the Company, and subsequent disposition of
them shall not require registration or qualification of them under the
Securities Act or any U.S. state securities or blue sky law then in force or
(iv) such securities shall have ceased to be outstanding.

            "Regulatory Transfer Date" shall have the meaning set forth in
Section 2.3.

            "SEC" means the United States Securities and Exchange Commission.

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            "Securities Act" means the United States Securities Act of 1933, as
amended, and the rules and regulations promulgated by the SEC from time to time
thereunder (or under any successor statute).

            "Shares" shall have the meaning set forth in Section 2.1.

            "Subsidiary" means, with respect to any Person, any corporation or
other organization, whether incorporated or unincorporated, (i) of which such
Person or any other Subsidiary of such Person is a general partner (excluding
partnerships, the general partnership interests of which held by such Person or
any Subsidiary of such Person do not have a majority of the voting interests in
such partnership), or (ii) at least a majority of the securities or other
interests of which, having by their terms ordinary voting power to elect a
majority of the board of directors or others performing similar functions with
respect to such corporation or other organization, is directly or indirectly
owned or controlled by such Person or by any one or more of its Subsidiaries, or
by such Person and one or more of its Subsidiaries.

            "Third Party" means a Person who is not an Affiliate of Bank or any
of its Affiliates and includes any Group, other than a Group that includes Bank
or any of its Affiliates as a member.

            "Transfer" shall have the meaning set forth in Section 2.1.

            "Voting Securities" means at any time (i) shares of any class of
capital stock or other securities of the Company which are then entitled to vote
generally in the election of Directors and not solely upon the occurrence and
during the continuation of certain specified events, and (ii) securities of the
Company convertible into, or exchangeable or exercisable for, such Voting
Securities, and options, warrants or other rights to acquire such Voting
Securities (regardless of whether such securities, options, warrants or other
rights are then exercisable or convertible).

                                   SECTION 2

                        RESTRICTION ON TRANSFER OF SHARES

     2.1. GENERAL. During the period commencing on the date hereof and ending on
the Permitted Third Party Transfer Date, Bank agrees that, except as set forth
in Section 2.2 and except as the Company may otherwise agree in writing, it
shall not, except with the prior written consent of the Company, (i) transfer,
sell, donate, pledge or otherwise dispose of ("Transfer"), or consent to any
Transfer of, any or all of the shares of Common Stock issued to it pursuant to
the Stock Purchase Agreement and any other shares of Common Stock or other
securities of the Company issued as (or issuable upon the conversion or exercise
of any warrant, right or other security which is issued as) a dividend or other
distribution with respect to, or in exchange for or in replacement of, such
shares (the "Shares") or any interest therein; (ii) enter into any contract,
option or other agreement or understanding with respect to any Transfer of any
or all of such Shares or any interest therein; (iii) grant any proxy, power of
attorney or other authorization in or with respect to any or all of such Shares,
or (iv) deposit any or all of such Shares into a voting trust or enter into a
voting agreement or arrangement with respect to any or all of such Shares;

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provided that a merger, consolidation or amalgamation in which Bank or any of
its Subsidiaries is a constituent corporation shall not be deemed to be a
Transfer of any Shares Beneficially Owned by such Person if the successor or
surviving Person of such merger, consolidation or amalgamation, if not Bank or
such Subsidiary, expressly assumes all obligations of Bank or such Subsidiary,
as the case may be, under this Agreement; and, provided, further, that nothing
in this Section 2.1 shall be construed to limit the brokerage, trading, market
making, investment management, fiduciary or other banking activities of Bank or
its Affiliates in the ordinary course for their own accounts or the accounts of
customers as long as such activities are not conducted for the purpose of
seeking to control or influence the management, the Board or the policies of the
Company.

     2.2. PERMITTED TRANSFERS. Notwithstanding any provision in Section 2.1 to
the contrary:

          (a) Bank and its Subsidiaries may at any time Transfer Shares to any
other Subsidiary of Bank which agrees in writing with the Company to be bound by
this Agreement as fully as if it were an initial signatory hereto; and

          (b) during the period beginning on the second anniversary of the date
hereof and ending on the Permitted Third Party Transfer Date, Bank may Transfer
Shares:

          (i) pursuant to the restrictions of Rule 144 under the Securities Act
     applicable to sales of securities by Affiliates of an issuer (regardless of
     whether Bank or its Subsidiaries is deemed at such time to be an Affiliate
     of the Company); or

          (ii) pursuant to a tender or exchange offer by a Third Party for all
     outstanding Common Stock that is not rejected by the Board within the time
     period prescribed by the Exchange Act and the rules and regulations
     promulgated by the SEC thereunder.

     2.3. REGULATORY MATTERS. Notwithstanding any provision herein to the
contrary, this Section 2 shall not restrict Bank from Transferring any Shares if
required to do so by any order or direction made by the Minister of Finance
(Canada) or the Superintendent of Financial Institutions appointed under the
Bank Act (Canada) or the United States Federal Reserve Board (the date on which
any such order or direction is first issued, the "Regulatory Transfer Date");
provided that unless specifically ordered otherwise by the Minister of Finance
(Canada), the Superintendent of Financial Institutions appointed under the Bank
Act (Canada) or the U.S. Federal Reserve Board, Bank shall use its Commercially
Reasonable Efforts to dispose of its Registrable Securities in a manner that, to
the extent practicable under the circumstances, does not unreasonably disrupt
the public trading market for the Common Stock.

                                   SECTION 3

                              STANDSTILL AGREEMENT

     3.1. GENERAL. Until the earlier of (A) the fifth anniversary of the date
hereof or (B) six months after termination of the Marketing Alliance Agreement
(the "Standstill Period"), Bank agrees that, unless specifically authorized in
writing by the majority of the Board (excluding any

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director who is an employee, officer or director of Bank or an Affiliate of Bank
or a nominee of any of them), it will not, either directly or indirectly through
a representative or otherwise;

          (a) effect or seek, offer or propose (whether publicly or otherwise)
to effect, or assist any other Person to effect or seek, offer or propose
(whether publicly or otherwise) to effect (i) any acquisition of any Voting
Securities (or Beneficial Ownership thereof) or a substantial portion of the
assets of the Company or any of its Subsidiaries; provided that Bank and its
Subsidiaries may acquire Beneficial Ownership of additional Voting Securities as
long as Bank does not Beneficially Own, following any such acquisition, more
than 29.9% of the aggregate outstanding shares of Common Stock; (ii) any tender
or exchange offer or merger or other business combination involving the Company
or any of its Subsidiaries; (iii) any recapitalization, restructuring,
liquidation, dissolution or other extraordinary transaction with respect to the
Company or any of its Subsidiaries; or (iv) any "solicitation" of "proxies," as
such terms are used in the proxy rules of the Exchange Act, or consents to vote
any Voting Securities of the Company,

          (b) form, join or in any way participate in a Group with respect to
any Voting Securities of the Company, including, without limitation, for the
purpose of acquiring, holding, voting or disposing of Voting Securities,

          (c) except by reason of any employee, officer or director of Bank or
an Affiliate of Bank serving on the Board, otherwise act, alone or in concert
with others, to seek to control or influence the management, the Board or the
policies of the Company;

          (d) take any action which might require the Company under applicable
law to make a public announcement regarding any of the types of matters set
forth in (a) above,

          (e) enter into any arrangements or agreements with any Third Party
with respect to any of the foregoing, or

          (f) request the Company (or its directors, officers, employees or
agents), directly or indirectly, to amend or waive any of the foregoing or this
sentence.

          Nothing in this Section shall operate to limit the brokerage, trading,
market making, investment management, fiduciary or other banking activities of
Bank or its Affiliates in the ordinary course for their own accounts or the
accounts of customers as long as such activities are not conducted for the
purpose of seeking to control or influence the management, the Board or the
policies of the Company.

     3.2. ACQUISITION PURSUANT TO TENDER OR EXCHANGE OFFER. Notwithstanding the
Acquisition Restrictions set forth in Section 3.1, Bank may acquire Beneficial
Ownership of additional shares of Common Stock by means of a tender or exchange
offer for all outstanding shares of Common Stock in the event that either (a) a
Third Party commences a bona fide tender or exchange offer that would result in
such Third Party acquiring Beneficial Ownership of more than 40% of the
outstanding Common Stock and the Board does not both (i) recommend against the
tender or exchange offer within the time period prescribed by the Exchange Act
and the rules and regulations promulgated by the SEC thereunder and (ii)
maintain its Shareholder Protection Rights Agreement (or adopt a shareholders'
rights plan of such type if the Company

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does not then have one in effect) which does not contain an exception from the
definition of "Acquiring Person", "Flip-Over Transaction or Event" or similar
terms for such Third Party or its Affiliates or (b) a Third Party acquires
Beneficial Ownership of 35% or more of the outstanding Common Stock. In
addition, (i) the other Acquisition Restrictions set forth in Section 3.1 shall
cease to apply to the extent necessary to enable Bank to commence and consummate
the tender or exchange offer referred to above, and (ii) the Company shall make
any amendments to its shareholder rights plan and take such other actions as
Bank may reasonably request in order to permit the commencement and consummation
of Bank's tender or exchange offer on the terms proposed. If (x) the foregoing
tender or exchange offer referred to in clause (a) shall have been terminated or
(y) the Third Party referred to in clause (b) shall have reduced its Beneficial
Ownership below 35% of the outstanding Common Stock, in each case without Bank
having made a bona fide tender or exchange offer, then the Acquisition
Restrictions shall be reinstated.

                                    SECTION 4

                               REGISTRATION RIGHTS

    4.1.  PIGGYBACK REGISTRATION.

          (a) If at any time after the earlier of (i) the Permitted Third Party
Transfer Date or (ii) the Regulatory Transfer Date, during which Registrable
Securities are outstanding the Company proposes to register any of its
securities under the Securities Act in connection with the public offering of
such securities for the account of either the Company or any of its Affiliates
solely for cash (other than a registration relating solely to the sale of
securities to participants in a Company stock plan, an offering or sale of
securities pursuant to a Form S-4 (or successor form) registration statement or
a registration in which the only stock being registered is Common Stock issuable
upon conversion of debt securities which are also being registered), the Company
shall, at such time, promptly give each Holder written notice of such
registration and of such Holder's rights under this Section 4.1. Upon the
written request of each Holder given within 30 days after receipt of such notice
from the Company, the Company shall, subject to the provisions of Section
4.1(c), cause to be registered under the Securities Act all Registrable
Securities that each such Holder has requested to be registered; provided that
if at any time after giving written notice of its intention to register any
securities and prior to the effective date of the registration statement filed
in connection with such registration, the Company shall determine for any reason
not to proceed with the proposed registration of the securities to be sold by
it, the Company may, at its election, give written notice of such determination
to each Holder of Registrable Securities and, thereupon, shall be relieved of
its obligation to register any Registrable Securities in connection with such
registration (but not from its obligation to pay the expenses of registration in
connection therewith as provided in Section 4.5).

          (b) Each Holder shall be permitted to withdraw all or part of such
Holder's Registrable Securities from a registration pursuant to this Section 4.1
by giving notice of such withdrawal in writing at any time prior to the
effective date of the registration statement filed in connection with such
registration.

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     (c) In connection with any offering involving an underwriting of Common
Stock, (i) the Company shall not be required under Section 4.1 to include any
Holder's securities in such underwriting unless such Holder accepts the terms of
the underwriting as agreed upon between the Company and the underwriters
selected by it (or other Persons entitled to select the underwriters), and (ii)
if the managing underwriter for such offering advises the Company and the
Holders electing to participate in such offering in writing that, in its
opinion, the number of securities requested to be included in such registration
exceeds the number which can be sold in such offering without being reasonably
likely to have an adverse effect on the price or timing of such offering as
contemplated by the Company, then the Company will include in such registration,
(A) first, 100% of the securities the Company proposes to sell for its own
account, (B) second, to the extent of the number of Registrable Securities
requested to be included in such registration, that number of Registrable
Securities which, in the opinion of such managing underwriter, can be sold
without having the adverse effect referred to above, such amount to be allocated
pro rata among all the requesting Holders on the basis of the relative number of
Registrable Securities then held by each such Holder (provided that any amount
thereby allocated to any such Holder that exceeds such Holder's request will be
reallocated among the remaining requesting Holders in like manner), and (C)
third, any securities requested to be included in such registration by any other
Person. For purposes of the preceding sentence concerning apportionment, for any
selling shareholder which is a Holder of Registrable Securities and which is a
partnership or corporation, the partners, retired partners and shareholders of
such holder, or the estates and family members of any such partners and retired
partners and any trusts for the benefit of any of the foregoing Persons shall be
deemed to be a single "selling shareholder" and any pro rata reduction with
respect to such "selling shareholder" shall be based upon the aggregate amount
of shares carrying registration rights owned by all entities and individuals
included in such "selling shareholder," as defined in this sentence.

     4.2. DEMAND REGISTRATION.

          (a) If, at any time after the earlier of (1) the Permitted Third Party
Transfer Date or (2) the Regulatory Transfer Date, the Company shall receive
from a Demand Party a written request that the Company effect a registration of
and any related qualification or compliance with respect to all or a part of the
Registrable Securities owned by such Demand Party, the Company will:

          (i) promptly give written notice of the proposed registration, and any
     related qualification or compliance, to all other Holders; and

          (ii) as soon as practicable, effect such registration and all such
     qualifications and compliances as may be so requested and as would permit
     or facilitate the sale and distribution of all or such portion of such
     Holder's or Holders' Registrable Securities as are specified in such
     request, together with all or such portion of the Registrable Securities of
     any other Holder or Holders joining in such request as are specified in a
     written request given within 15 days after receipt of such written notice
     from the Company; provided, however, that the Company shall not be
     obligated to effect any such registration, qualification or compliance
     pursuant to this Section 4.2 if: (A) the Holders, together with the holders
     of any other securities of the Company entitled to inclusion in such
     registration, propose to sell Registrable Securities and such other
     securities (if any)

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          at an aggregate price to the public (net of any underwriters'
          discounts or commissions) of less than $5,000,000;(B) the Company has
          already effected one registration in any 12-month period on Form S-1
          or three registrations in any 12-month period on Form S-3 for the
          Holders pursuant to this Section 4.2 that have been declared or
          ordered effective and that have remained effective for the period
          specified in Section 4.3(a); (C) the Company shall furnish to such
          Holders a certificate signed by the President or Chief Executive
          Officer of the Company stating that in the reasonable good faith
          judgment of the Board, such registration, qualification or compliance
          would materially and adversely affect any pending or proposed
          acquisition, merger, financing or other material corporate event or
          transaction or negotiations with respect thereto, and as a result
          would be seriously detrimental to the Company and its shareholders for
          such registration statement to be filed and it is therefore essential
          to defer the filing of such registration statement, in which event the
          Company shall have the right to defer such filing for a period of not
          more than 90 days after receipt of the request of the Holder or
          Holders under this Section 4.2; provided, however, that the Company
          may not utilize this right more than once in any 12-month period or
          (D) all Holders Beneficially Own less than one percent of the
          outstanding shares of Common Stock (assuming conversion of all
          securities of the Company that are convertible, exchangeable or
          exercisable into Common Stock).

          (b) Promptly upon receipt of any request for a demand registration
pursuant to paragraph (a) above (but in no event more than five business days
thereafter), the Company shall send written notice of any such request to all
other Holders in accordance with Section 6.8, and the Company shall include in
such registration all Registrable Securities of any Holder with respect to which
the Company has received written request for inclusion therein within 15 days
after such notice has been given. All requests made pursuant to this Section
4.2(b) shall specify the kind and aggregate amount of Registrable Securities to
be registered and the intended method of distribution of such securities.

          (c) Subject to the foregoing, the Company shall file a registration
statement covering the Registrable Securities and other securities so requested
to be registered as soon as practicable after receipt of the request or requests
of the Holders (but in no event more than 60 days thereafter). Registrations
effected pursuant to Section 4.1 shall not be counted as registrations effected
pursuant to this Section 4.2. A registration requested pursuant to this Section
4.2 will not be deemed to have been effected unless it has become effective and
(i) all the Registrable Securities registered thereunder have been sold or (ii)
the registration remains effective for 120 days after it has been declared
effective by the SEC; provided that if, within 120 days after it has become
effective, the offering of Registrable Securities pursuant to such registration
is (A) interfered with by any stop order, injunction or other order or
requirement of the SEC or other Governmental Entity, or (B) the conditions to
closing specified in the underwriting agreement or similar agreement, if any,
entered into in connection with the sale of Registrable Securities pursuant to
such registration are not satisfied and the closing does not occur by reason of
a wrongful act, misrepresentation or breach by the Company, such registration
will be deemed not to have been effected.

          (d) If a requested registration pursuant to this Section 4.2 involves
an underwritten offering and the managing underwriter advises the Company in
writing that, in its opinion, the number of securities requested to be included
in such registration (including

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securities of the Company which are not Registrable Securities) exceeds the
number which can be sold in such offering without being reasonably likely to
have an adverse effect on the price or timing of such offering of the securities
to be registered, then the Company will include in such registration only the
Registrable Securities requested by the Holders to be included in such
registration. In the event that the number of Registrable Securities requested
by the Holders to be included in such registration exceeds the number which, in
the opinion of such managing underwriter, can be sold without having the adverse
effect referred to above, the number of such Registrable Securities to be
included in such registration shall be allocated pro rata among all the
requesting Holders on the basis of the relative number of Registrable Securities
then held by each such Holder (provided that any amount thereby allocated to any
such Holder that exceeds such Holder's request will be reallocated among the
remaining requesting Holders in like manner). In the event that the number of
Registrable Securities requested to be included in such registration is less
than the number which, in the opinion of the managing underwriter, can be sold
without having the adverse effect referred to above, the Company may include in
such registration the securities the Company or other securityholders of the
Company propose to sell up to the number of securities that, in the opinion of
the underwriter, can be sold without having the adverse effect referred to
above.

     4.3. OBLIGATIONS OF THE COMPANY. Whenever required under this Section 4 to
effect the registration of any Registrable Securities, the Company shall, as
expeditiously as reasonably possible:

          (a) prepare and file with the SEC within the applicable time period
specified by this Agreement a registration statement with respect to such
Registrable Securities and use its Commercially Reasonable Efforts to cause such
registration statement to become effective, and, upon the request of the Holders
of a majority of the Registrable Securities registered thereunder, keep such
registration statement effective for up to 120 days or such shorter period as is
provided herein;

          (b) prepare and file with the SEC such amendments and supplements to
such registration statement and the prospectus used in connection with such
registration statement as may be necessary to comply with the provisions of the
Securities Act and the Exchange Act with respect to the disposition of all
securities covered by such registration statement for up to 120 days; provided
that before filing a registration statement or prospectus, or any amendments or
supplements thereto, the Company will furnish to counsel selected pursuant to
Section 4.5 hereof copies of all documents proposed to be filed, which documents
will be subject to the review of such counsel, such counsel to provide comments
to the Company no later than five days after receipt of such documents;

          (c) furnish to each seller of Registrable Securities registered
thereby such numbers of copies of a prospectus, including a preliminary
prospectus and such other documents as they may reasonably request in order to
facilitate the disposition of Registrable Securities owned by them;

          (d) use its Commercially Reasonable Efforts to register and qualify
the securities covered by such registration statement under such other
securities or blue sky laws of such jurisdictions as shall be reasonably
requested by the sellers of the Registrable Securities

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registered thereby and perform any and all other acts and things which may be
reasonably necessary or advisable to enable each such seller to consummate the
disposition in such jurisdictions of the Registrable Securities owned by such
seller; provided, however, that the Company shall not be required in connection
therewith or as a condition thereto to qualify to do business or to file a
general consent to service of process in any such states or jurisdictions in
which it is not then so qualified or subject;

          (e) enter into such customary agreements (including an underwriting
agreement in customary form), which may include indemnification provisions in
favor of underwriters and other Persons in addition to or in substitution for
the provisions of Section 4.7 hereof, and take such other actions as the sellers
of a majority of such Registrable Securities or the underwriters, if any,
reasonably request in order to expedite or facilitate the disposition of such
Registrable Securities;

          (f) use its Commercially Reasonable Efforts to cause such Registrable
Securities covered by such registration statement to be registered with or
approved by such other Governmental Entities as may be necessary to enable the
seller or sellers thereof to consummate the disposition of such Registrable
Securities;

          (g) as promptly as practicable notify each seller of Registrable
Securities covered by such registration statement at any time when a prospectus
relating thereto is required to be delivered under the Securities Act of the
happening of any event as a result of which the prospectus included in such
registration statement, as then amended or supplemented, includes an untrue
statement of a material fact or omits to state a material fact required to be
stated therein or necessary to make the statements therein not misleading in the
light of the circumstances then existing, or if for any other reason it shall be
necessary during such time period to amend or supplement the registration
statement or prospectus in order to comply with the Securities Act or other
applicable law and, at the request of any such seller, prepare and furnish to
such seller a reasonable number of copies of an amended or supplemental
prospectus as may be necessary so that, as thereafter delivered to the
purchasers of such Registrable Securities, such prospectus shall not include an
untrue statement of a material fact or omit to state a material fact required to
be stated therein or necessary to make the statements therein not misleading in
the light of the circumstances then existing and shall otherwise comply with the
Securities Act and other applicable laws;

          (h) otherwise use its Commercially Reasonable Efforts to comply with
all applicable rules and regulations of the SEC, and make available to its
security holders, as soon as reasonably practicable (but not more than 18
months) after the effective date of the registration statement, an earnings
statement which shall satisfy the provisions of Section 11(a) of the Securities
Act and the rules and regulations promulgated thereunder;

          (i) use its Commercially Reasonable Efforts to obtain a "cold comfort"
letter or letters from the Company's independent public accountants in customary
form and covering matters of the type customarily covered by "cold comfort"
letters as the sellers of a majority of such Registrable Securities shall
reasonably request and an opinion of the counsel representing the Company for
the purposes of such registration, in form and substance as is customarily given

                                       11
<PAGE>

to underwriters in an underwritten public offering, addressed to the
underwriters, if any, and to the Holders requesting registration of Registrable
Securities;

          (j) make available for inspection at reasonable times and upon
reasonable notice by any seller of such Registrable Securities covered by such
registration statement, by any underwriter participating in any disposition to
be effected pursuant to such registration statement and by any attorney,
accountant or other agent retained by any such seller or any such underwriter,
all pertinent financial and other records, pertinent corporate documents and
properties of the Company, and cause all of the Company's officers, directors
and employees to supply all information reasonably requested by any such seller,
underwriter, attorney, accountant or agent in connection with such registration
statement as is customarily made available in connection with a "due diligence"
investigation for an underwritten secondary offering;

          (k) notify counsel for the Holders of Registrable Securities included
in such registration statement and the managing underwriter or agent, if any, as
promptly as practicable, and confirm the notice in writing (i) when the
registration statement, or any post-effective amendment to the registration
statement, shall have become effective, when the prospectus or any amendment or
supplement to the prospectus shall have been filed, (ii) of the receipt of any
comments from the SEC, or of any request of the SEC to amend the registration
statement or amend or supplement the prospectus or for additional information
(and to furnish such Holders with a copy thereof), and (iii) of the issuance by
the SEC of any stop order suspending the effectiveness of the registration
statement or of any order preventing or suspending the use of any preliminary
prospectus, or of the suspension of the qualification of the registration
statement for offering or sale in any jurisdiction, or of the institution or
threatening of any actions, suits or proceedings for any of such purposes;

          (l) use its Commercially Reasonable Efforts to prevent the issuance of
any stop order suspending the effectiveness of the registration statement or of
any order preventing or suspending the use of any preliminary or final
prospectus or suspending any qualification of the Registrable Securities for
sale in any jurisdiction and, if any such order is issued, to obtain the
withdrawal of any such order at the earliest possible moment;

          (m) if requested by the managing underwriter or agent or any Holder of
Registrable Securities covered by the registration statement, promptly
incorporate in a prospectus supplement or post-effective amendment such
information as the managing underwriter or agent or such Holder reasonably
requests to be included therein, including the number of Registrable Securities
being sold by such Holder to such underwriter or agent, the purchase price being
paid therefor by such underwriter or agent and any other terms of the
underwritten offering of the Registrable Securities to be sold in such offering;
and make all required filings of such prospectus supplement or post-effective
amendment as soon as practicable after being notified of the matters
incorporated in such prospectus supplement or post-effective amendment;

          (n) cooperate with the Holders of Registrable Securities covered by
the registration statement and the managing underwriter or agent, if any, to
facilitate the timely preparation and delivery of certificates (not bearing any
restrictive legends) representing securities to be sold under the registration
statement, and enable such securities to be in such denominations and registered
in such names as the managing underwriter or agent, if any, or

                                       12
<PAGE>

such Holders may request at least two Business Days prior to the settlement date
of any sale of Registrable Securities;

          (o) cooperate with each seller of Registrable Securities and each
underwriter or agent participating in the disposition of such Registrable
Securities and their respective counsel in connection with any filings required
to be made with the New York Stock Exchange or such other exchanges on which the
Registrable Securities are then listed; and

          (p) provide a transfer agent and registrar for all Registrable
Securities registered pursuant hereunder and a CUSIP number for all such
Registrable Securities, in each case not later than the effective date of such
registration.

     4.4. FURNISH INFORMATION. It shall be a condition precedent to the
obligations of the Company to take any action pursuant to this Section 4 with
respect to the Registrable Securities of any selling Holder that such Holder
shall furnish to the Company such information regarding itself, the Registrable
Securities held by it, and the intended method of disposition of such securities
as shall be reasonably required to effect the registration of such Holder's
Registrable Securities. Other than with respect to any registration request made
by Bank, the Company shall have no obligation with respect to any registration
requested pursuant to Section 4.2 hereof if, as a result of the application of
the preceding sentence, the anticipated aggregate offering price of the
Registrable Securities to be included in the registration does not equal or
exceed the number of shares or the anticipated aggregate offering price required
to originally trigger the Company's obligation to initiate such registration as
specified in Section 4.2(a)(ii)(A).

     4.5. EXPENSES OF REGISTRATION. All expenses (other than underwriting
discounts and brokers' commissions incurred in connection with registrations,
filings or qualifications of Registrable Securities pursuant to Section 4.1 and
Section 4.2 for each Holder), including (without limitation) all registration,
filing, listing and qualification fees, all fees and expenses of complying with
securities or blue sky laws (including fees and expenses of counsel in
connection with any registration or offering), printers' and accounting fees
(including the fees and expenses for a "comfort" letter in connection with an
offering of Registrable Securities), fees and disbursements of counsel for the
Company and the reasonable fees and disbursements of one counsel for the selling
Holders selected by them, shall be borne by the Company. The Holders shall be
responsible for all underwriting discounts and brokers' commissions applicable
to the Registrable Securities registered for their account pursuant to Sections
4.1 and 4.2.

     4.6. DELAY OF REGISTRATION. No Holder shall have any right to obtain or
seek an injunction restraining or otherwise delaying any such registration as
the result of any controversy that might arise with respect to the
interpretation or implementation of this Section 4.

     4.7. INDEMNIFICATION.

          (a) INDEMNIFICATION BY THE COMPANY. In the event of any registration
of any securities of the Company under the Securities Act pursuant to Section
4.1 or 4.2, the Company shall indemnify and hold harmless, to the fullest extent
permitted by law, each seller of any Registrable Securities covered by such
registration statement, each Affiliate of such seller and their respective
directors and officers or general and limited partners (including any director,

                                       13
<PAGE>

officer, affiliate, employee, agent and controlling Person of any of the
foregoing), each other Person who participates as an underwriter in the offering
or sale of such securities and each other Person, if any, who controls such
seller or any such underwriter within the meaning of the Securities Act
(collectively, the "Indemnified Parties"), against any and all losses, claims,
damages or liabilities, joint or several, and expenses (including reasonable
attorney's fees and reasonable expenses of investigation) to which such
Indemnified Party may become subject under the Securities Act, common law or
otherwise, insofar as such losses, claims, damages or liabilities (or actions or
proceedings in respect thereof, whether or not such Indemnified Party is a party
thereto) arise out of or are based upon (a) any untrue statement or alleged
untrue statement of any material fact contained in any registration statement
under which such securities were registered under the Securities Act, any
preliminary, final or summary prospectus contained therein, or any amendment or
supplement thereto, or (b) any omission or alleged omission to state therein a
material fact required to be stated therein or necessary to make the statements
therein (in the case of a prospectus, in light of the circumstances under which
they were made) not misleading, and the Company will reimburse such Indemnified
Party for any legal and any other expenses reasonably incurred by it in
connection with investigating or defending against any such loss, claim, damage,
liability, action or proceeding, as such expenses are incurred; provided that
the Company shall not be liable to any Indemnified Party in any such case to the
extent that any such loss, claim, damage, liability (or action or proceeding in
respect thereof) or expense arises out of or is based upon any untrue statement
or alleged untrue statement or omission or alleged omission made in such
registration statement or amendment or supplement thereto or in any such
preliminary, final or summary prospectus in reliance upon and in conformity with
written information furnished to the Company through an instrument duly executed
by such seller specifically stating that it is for use in the preparation
thereof; provided, further, that the Company shall not be liable to any
Indemnified Party in any such case to the extent that any such loss, claim,
damage, liability (or action or proceeding in respect thereof) or expense arises
out of or is based upon any untrue statement or alleged untrue statement or
omission or alleged omission made in such registration statement or amendment or
supplement thereto or in any such preliminary, final or summary prospectus which
was corrected (and filed with the SEC, to the extent applicable) prior to the
sale of Registrable Securities by an Indemnified Party to a Person as to whom it
was established that there was not sent or given, at or prior to the written
confirmation or other consummation of such sale, a copy of the corrected
registration statement, amendment, supplement or prospectus, provided that the
Company complied fully and on a timely basis with all of its obligations under
Section 4.3(g) prior to the time of such confirmation or other consummation of
sale. Such indemnity shall remain in full force and effect regardless of any
investigation made by or on behalf of such seller or any Indemnified Party and
shall survive the transfer of such securities by such seller.

          (b) INDEMNIFICATION BY THE SELLER. The Company may require, as a
condition to including any Registrable Securities in any registration statement
filed in accordance with Section 4.3, that the Company shall have received an
undertaking reasonably satisfactory to it from each prospective seller of such
Registrable Securities or any underwriter therefor to indemnify and hold
harmless (in the same manner and to the same extent as set forth in paragraph
(a) of this Section 4.7), severally and not jointly, the Company, each of its
directors, each of its officers who has signed the registration statement or
each Person, if any, who controls the Company within the meaning of the
Securities Act or the Exchange Act with respect to any untrue statement or
alleged untrue statement in or omission or alleged omission from such

                                       14
<PAGE>

registration statement, any preliminary, final or summary prospectus contained
therein, or any amendment or supplement thereto, if such untrue statement or
alleged untrue statement or omission or alleged omission was made in reliance
upon and in conformity with written information furnished to the Company through
an instrument duly executed by such seller or underwriter specifically stating
that it is for use in the preparation of such registration statement,
preliminary, final or summary prospectus or amendment or supplement. Such
indemnity shall remain in full force and effect regardless of any investigation
made by or on behalf of the Company, its directors, its officers who have signed
the registration statement and any such controlling Person, and shall survive
the transfer of such securities by such seller. In no event shall the liability
of any selling Holder of Registrable Securities hereunder be greater in amount
than the dollar amount of the proceeds received by such Holder upon the sale of
the Registrable Securities giving rise to such indemnification obligation.

          (c) NOTICES OF CLAIMS, ETC. Promptly after receipt by an Indemnified
Party hereunder of written notice of the commencement of any action or
proceeding with respect to which a claim for indemnification may be made
pursuant to this Section 4.7, such Indemnified Party will, if a claim in respect
thereof is to be made against an indemnifying party, give written notice to the
latter of the commencement of such action; provided that the failure of the
Indemnified Party to give notice as provided herein shall not relieve the
indemnifying party of its obligations under the preceding paragraphs of this
Section 4.7, except to the extent that the indemnifying party is actually and
materially prejudiced by such failure to give notice. In case any such action is
brought against an Indemnified Party, unless in such Indemnified Party's
reasonable judgment a conflict of interest between such Indemnified Party and
indemnifying parties may exist in respect of such claim, the indemnifying party
will be entitled to participate in and to assume the defense thereof, jointly
with any other indemnifying party similarly notified to the extent that it may
wish, with counsel reasonably satisfactory to such Indemnified Party, and after
notice from the indemnifying party to such Indemnified Party of its election so
to assume the defense thereof, the indemnifying party will not be liable to such
Indemnified Party for any legal or other expenses subsequently incurred by the
latter in connection with the defense thereof other than reasonable costs of
investigation. If, in the reasonable judgment of the counsel to the Indemnified
Party, having common counsel with an indemnifying party could result in a
conflict of interest because of different or additional defenses that may be
available to the Indemnified Party, then such Indemnified Party may employ at
the indemnifying party's expense separate counsel to represent or defend such
Indemnified Party in such action, it being understood, however, that the
indemnifying party shall not be liable for the reasonable fees and expenses of
more than one separate firm of attorneys at any time for all such Indemnified
Parties (in addition to local counsel) in such action or group of related
actions arising out of the some facts or circumstances. Without the prior
consent of the Indemnified Party, no indemnifying party will consent to entry of
any judgment or enter into any settlement which does not include, as an
unconditional term thereof, the giving by the claimant or plaintiff to such
Indemnified Party of a release from all liability with respect to such claim or
litigation or that imposes any material obligations on the Indemnified Party
(other than financial obligations for which the Indemnified Party will be fully
indemnified hereunder).

          (d) CONTRIBUTION.

                                       15
<PAGE>

          (i) If the indemnification provided for in this Section 4.7 from the
     indemnifying party is unavailable to an Indemnified Party hereunder in
     respect of any losses, claims, damages, liabilities or expenses referred to
     herein, then the indemnifying party, in lieu of indemnifying such
     Indemnified Party, shall contribute to the amount paid or payable by such
     Indemnified Party as a result of such losses, claims, damages, liabilities
     or expenses in such proportion as is appropriate to reflect the relative
     fault of the indemnifying party and Indemnified Party in connection with
     the actions which resulted in such losses, claims, damages, liabilities or
     expenses, as well as any other relevant equitable considerations. The
     relative fault of such indemnifying party and Indemnified Party shall be
     determined by reference to, among other things, whether the untrue or
     alleged untrue statement of a material fact or omission or alleged omission
     to state a material fact which gave rise to such action or liability, has
     been made by, or relates to information supplied by, such indemnifying
     party or Indemnified Party, and the parties' relative intent, knowledge,
     access to information and opportunity to correct or prevent such action.
     The amount paid or payable by a party under this Section 4.7(d) as a result
     of the losses, claims, damages, liabilities and expenses referred to above
     shall be deemed to include any legal or other fees or expenses reasonably
     incurred by such party in connection with any investigation or proceeding.

          (ii) The parties hereto agree that it would not be just and equitable
     if contribution pursuant to this Section 4.7(d) were determined by pro rata
     allocation or by any other method of allocation which does not take account
     of the equitable considerations referred to in the immediately preceding
     paragraph. Notwithstanding anything in this Section 4.7 to the contrary, no
     indemnifying party (other than the Company) shall be required pursuant to
     this Section 4.7 to contribute any amount in excess of the gross proceeds
     received by such indemnifying party from the sale of Registrable Securities
     in the offering to which the losses, claims, damages or liabilities of the
     Indemnified Parties relate. No Person guilty of fraudulent
     misrepresentation (within the meaning of Section 11(f) of the Securities
     Act) shall be entitled to contribution from any Person who was not guilty
     of such fraudulent misrepresentation.

          (e) NON-EXCLUSIVITY. Indemnification pursuant to this Section 4.7
shall be a non-exclusive remedy, and the obligations of the parties under this
Section 4.7 shall be in addition to any liability which any party may otherwise
have to any other party.

          (f) SURVIVAL OF OBLIGATIONS. The obligations of the Company and the
Holders under this Section 4.7 shall survive the completion of any offering of
Registrable Securities in a registration statement under this Section 4 and
shall survive the termination of this Agreement.

     4.8. ASSIGNMENT OF REGISTRATION RIGHTS. The rights to cause the Company to
register Registrable Securities pursuant to this Section 4 may be assigned (but
only with all related obligations) by a Holder to (i) any Affiliate of such
Holder or (ii) a transferee or assignee of such Holder's Registrable Securities
representing at least 5% of the then-outstanding Registrable Securities,
provided the Company is, within a reasonable time after such transfer, furnished
with written notice of the name and address of such transferee or assignee and
the securities with respect to which such registration rights are being assigned
and such transferee or assignee becomes a party to this Agreement. For the
purposes of determining the number of shares of

                                       16
<PAGE>

Registrable Securities held by a transferee or assignee, the holdings of
transferees and assignees of a business entity who are affiliates, retired
affiliates of such entity (including spouses and ancestors, lineal descendants
and siblings of such affiliates or affiliates who acquire Registrable Securities
by gift, will or intestate succession) shall be aggregated together with the
business entity; provided that all assignees and transferees who would not
qualify individually for assignment of registration rights shall have a single
attorney-in-fact for the purpose of exercising any rights, receiving notices or
taking any action under Section 4.

     4.9. REPORTS UNDER EXCHANGE ACT. With a view to making available to the
Holders the benefits of Rule 144 promulgated under the Securities Act and any
other rule or regulation of the SEC that may at any time permit a Holder to sell
securities of the Company to the public pursuant to a registration on Form S-3
or without registration, the Company agrees to:

          (a) file the reports required to be filed by it under the Securities
Act and the Exchange Act and the rules and regulations adopted by the SEC
thereunder (or, if the Company is not required to file such reports, it will,
upon the request of any Holder, make publicly available such information as is
specified in Section (c)(2) of Rule 144), all to the extent required from time
to time to enable such Holder to sell Registrable Securities without
registration under the Securities Act within the limitation of the exemptions
provided by (i) Rule 144 under the Securities Act, as such Rule may be amended
from time to time, or (ii) any similar rule or regulation hereafter adopted by
the SEC;

          (b) take such action as may be necessary from time to time to enable
the Holders to utilize Form S-3 (or any successor form that provides for
short-form registration) for the sale of their Registrable Securities, such
action to be taken as soon as practicable after the Effective Date; and

          (c) furnish to any Holder, so long as accurate and so long as the
Holder owns any Registrable Securities, forthwith upon request (i) a written
statement by the Company that it has complied with the reporting requirements of
SEC Rule 144 (at any time after 90 days after the Effective Date), the
Securities Act and the Exchange Act, or that it qualifies as a registrant whose
securities may be resold pursuant to Form S-3 (or any successor form that
provides for short-form registration) (at any time after it so qualifies), (ii)
a copy of the most recent annual or quarterly report of the Company and such
other reports and documents so filed by the Company, and (iii) such other
information as may be reasonably requested in availing any Holder of any rule or
regulation of the SEC which permits the selling of any such securities without
registration or pursuant to such form.

     4.10. "MARKET STAND-OFF" AGREEMENT.

          (a) Each Holder hereby agrees with respect to the first two registered
primary offerings of Common Stock effected by the Company for its own account
after the Effective Date that, during the period of duration (up to, but not
exceeding, 120 days, it being understood that the Company will request that such
managing underwriter consider in good faith whether to permit a lesser period of
time) specified by the managing underwriter for such offering following the
effective date of the applicable registration statement of the Company filed
under the Securities Act, it shall not, to the extent requested by the Company
and such managing

                                       17
<PAGE>

underwriter, directly or indirectly, effect or agree to effect any public sale
or distribution, including any short sale, of shares of Common Stock (or any
securities convertible into or expressible for shares of Common Stock), other
than as part of such underwritten public offering; provided, however, that all
officers and directors of the Company and all other Persons with registration
rights (whether or not pursuant to this Agreement) enter into similar
agreements.

          (b) In order to enforce the foregoing covenant, the Company may impose
stop-transfer instructions with respect to the Registrable Securities of each
Holder (and the shares or securities of every other Person subject to the
foregoing restrictions) until the end of such period, and each Holder agrees
that, if so requested, such Holder will execute an agreement in the form
provided by the underwriter containing terms that are substantially consistent
with the provisions of this Section 4.10.

     4.11. OTHER REGISTRATION RIGHTS. Except with respect to shares of Common
Stock issued in connection with acquisitions by the Company that, individually
or in the aggregate, do not exceed $20 million in aggregate consideration, if
the Company at any time grants to any other holders of its securities any rights
to request the Company to effect the registration under the Securities Act of
any such securities on terms more favorable to such holders than the terms set
forth in this Agreement, the terms of this Agreement shall be deemed amended or
supplemented to the extent necessary to provide the Holders such more favorable
rights and benefits and the Company shall promptly give notice to the Holders
specifying such amendments or supplements.

                                   SECTION 5

                              CORPORATE GOVERNANCE

    5.1.  BOARD OF DIRECTORS.  Bank and the Company hereby agree as follows:

          (a) Bank shall be entitled to nominate two directors to the Board. The
first such director will be appointed to the class of directors whose term
expires in 2002 and the second such director will be appointed to the class of
directors whose term expires in 2003. At the expiration of their respective
initial terms in office, the Company shall nominate each of such Bank-nominated
directors for reelection with his or her class for reelection to a full
three-year term (respectively, the "Full Term"). The Company hereby agrees that,
at and in connection with each annual or special meeting of shareholders of the
Company at which directors of the Company are to be elected occurring prior to
the completion of the applicable Full Term, the Company, the Board and the
nominating committee thereof will (i) nominate and recommend to shareholders for
election or re-election as part of the management slate of directors such
individuals nominated by Bank and (ii) the Company shall use all Commercially
Reasonable Efforts to cause the election or re-election of such individuals,
including without limitation providing the same type of support for the election
of such individuals as directors of the Company as provided by the Company, its
directors, its management and its Affiliates to other Persons standing for
election as directors of the Company as part of the management slate, in

                                       18
<PAGE>

each case to the extent necessary so that each of such Bank-nominated directors
is elected to and able to serve his or her applicable Full Term.

          (b) As long as any Bank-nominated director is then serving on the
Board pursuant to Section 5.1(a), the Company will use its Commercially
Reasonable Efforts to cause each of the audit and compensation committees of the
Board, and such other key committees of the Board as the parties shall mutually
agree from time to time, to include at least one director designated by Bank,
other than under circumstances in which it would be inconsistent with applicable
Law (as, for example, in the case of certain special committees of independent
directors formed to consider matters relating to Bank).

          (c) The Company shall give such further assurances to Bank, and shall
execute, acknowledge and deliver all such other instruments (including without
limitation any amendments to its articles of incorporation and by-laws) and take
such further action as may be reasonably necessary or appropriate to effectuate
the provisions of this Section 5.1.

     5.2. COMPLIANCE WITH BANK REGULATORY MATTERS.

          (i) The Company shall not acquire (A) more than 5% of any class of (1)
     "voting securities" (as such terms is defined in the U.S. Bank Holding
     Company Act of 1956, as amended, and the U.S. Federal Reserve Board's
     regulations thereunder), (B) more than 24.9% of the equity or (C)
     substantially all the assets of any company or business in the United
     States, or engage in the United States in any activity other than a
     Permissible Activity, or acquire any other assets in the United States
     other than in connection with a Permissible Activity. For purposes of the
     preceding sentence, a "Permissible Activity" means an activity that is
     permitted for a bank holding company pursuant to Section 4(c)(8) or Section
     4(k) of the United States Bank Holding Company Act of 1956, as amended.

          (ii) The Company shall not conduct any business, and shall not acquire
     any ownership interest in any entity, such that the Company would be an
     entity in which Bank is not permitted to hold a "substantial investment"
     within the meaning of such term pursuant to the Bank Act (Canada) as
     amended from time to time.

          (iii) Prior to making such acquisition or engaging in any such
     activity, the Company shall provide Bank with reasonable prior written
     notice describing the proposed transaction and the other party or parties
     thereto and shall cooperate with Bank in preparing, filing and obtaining,
     and Bank shall use its Commercially Reasonable Efforts to prepare, file and
     obtain, at the Company's expense, any approvals or consents that may be
     necessary under applicable law.

          (iv) Notwithstanding anything in this Agreement to the contrary, in
     the event that the Company fails to comply with the provisions of this
     Section 5.2, without limiting any other rights that Bank may have with
     respect to such failure to comply, Bank will cease to be bound by the
     restrictions on transfer set forth in Section 2 of this Agreement and shall
     automatically be permitted to request that the Company effect the
     registration of its Registrable Securities pursuant to Section 4.2;
     provided that unless specifically

                                       19
<PAGE>

          ordered otherwise by the Minister of Finance (Canada), the
          Superintendent of Financial Institutions appointed under the Bank Act
          (Canada) or the U.S. Federal Reserve Board, Bank shall use it
          Commercially Reasonable Efforts to dispose of its Registrable
          Securities in a manner that, to the extent practicable in the
          circumstances, does not unduly disrupt the public trading market of
          the Common Stock.

                                   SECTION 6

                                  MISCELLANEOUS

     6.1. LEGENDS. (a) In addition to any other legend that may be required and
be placed thereon, each certificate representing the Shares shall be endorsed
with a legend in substantially the following form:

                             TRANSFER IS RESTRICTED

THE SECURITIES EVIDENCED BY THIS CERTIFICATE ARE SUBJECT TO CERTAIN RESTRICTIONS
ON TRANSFER SET FORTH IN AN AGREEMENT BETWEEN GLOBAL PAYMENTS INC. AND CANADIAN
IMPERIAL BANK OF COMMERCE, DATED AS OF MARCH ____, 2001, A COPY OF WHICH IS
AVAILABLE FROM THE COMPANY.

          (b) Bank agrees that the Company may also endorse any other legends
required by applicable federal or state securities laws and securities laws of
applicable foreign jurisdictions. The Company shall not be required (a) to
transfer on its books any Shares that have been sold or transferred in violation
of the provisions of this Agreement (including the foregoing legends), or (b) to
treat as the Beneficial Owner of the Shares, or otherwise to accord voting or
dividend rights to, any transferee to whom the Shares have been transferred in
contravention of this Agreement (or such legends).

          (c) The Company shall issue new certificates not bearing the legends
set forth or contemplated above in exchange for legended certificates (i) as
provided in Section 4.3(o) or (ii) upon the request of any Holder who submits
such certificates to the Company for exchange together with an opinion of
counsel reasonably acceptable to the Company to the effect that such legend or
legends are no longer required under the Securities Act or applicable state
securities laws and that the securities represented by such certificates are no
longer subject to transfer restrictions under this Agreement.

     6.2. ENFORCEABILITY/SEVERABILITY. The parties hereto agree that each
provision of this Agreement shall be interpreted in such a manner as to be
effective, valid and enforceable to the fullest extent permitted under
applicable law. If any provision of this Agreement shall nonetheless be held to
be prohibited by or invalid under applicable law, such provision shall be
effective only to the extent of such prohibition or invalidity, without
invalidating the remainder of such provision or the remaining provisions of this
Agreement.

     6.3. REMEDIES. Each party hereto will be entitled to enforce its rights
under this Agreement specifically, to recover damages by reason of any breach of
any provision hereof, and to exercise all other rights existing in its favor.
Each party hereto agrees and acknowledges that

                                       20
<PAGE>

money damages may not be an adequate remedy for any breach of the provisions of
this Agreement and that the parties hereto would be irreparably damaged in the
event any of the provisions of this Agreement were not performed in accordance
with their specific terms or were otherwise breached. It is accordingly agreed
that either party hereto shall be entitled to preliminary and permanent
injunctive relief to prevent breaches of the provisions of this Agreement by the
other party hereto without the necessity of proving actual damages or of posting
any bond, and to enforce specifically the terms and provisions hereof and
thereof, which rights shall be cumulative and in addition to any other remedy to
which the parties hereto may be entitled hereunder or at law or equity.

     6.4. ENTIRE AGREEMENT; SUCCESSORS AND ASSIGNS. This Agreement constitutes
the entire agreement between the parties hereto relative to the subject matter
hereof and supersedes any previous agreement among the parties. Subject to the
exceptions specifically set forth in this Agreement, the terms and conditions of
this Agreement shall inure to the benefit of and be binding upon the respective
executors, administrators, heirs, successors and assigns of the parties. Bank
may assign or transfer its rights under this Agreement to a Subsidiary or other
Affiliate.

     6.5. GOVERNING LAW; WAIVER OF JURY TRIAL, ARBITRATION. (i) This Agreement
shall be governed by and construed in accordance with the laws of the State of
New York applicable to contracts made and to be performed therein. The parties
to this Agreement hereby agree to submit to the jurisdiction of the courts of
the State of New York, the courts of the United States of America for the
Southern District of New York, and appellate courts from any thereof in any
action or proceeding arising out of or relating to this Agreement. The parties
hereto irrevocably and unconditionally waive trial by jury in any legal action
or proceeding in relation to this Agreement and for any counterclaim therein.
Any dispute or controversy between the Company and any Holder arising under or
in connection with this Agreement shall be resolved by arbitration (by three
arbitrators) in New York, New York conducted in accordance with the then
prevailing rules of the American Arbitration Association, except that, in the
selection of the panel of three arbitrators, the Company and such Holder shall
each select one arbitrator and such party-selected arbitrators shall select the
third arbitrator. The parties hereby agree that no party shall be entitled to
punitive damages hereunder. If any party shall fail to select an arbitrator
within 30 days after being notified by the other party of the commencement of
arbitration proceedings under this Section 6.5, the notifying party may apply to
the American Arbitration Association for the appointment of an arbitrator on
behalf of the other party. The judgment of the arbitrators in any such
proceeding shall be final, binding and conclusive on the parties, and a judgment
may be entered by the prevailing party on account thereof. The prevailing party
or parties in an arbitration conducted pursuant to this Section 6.5 shall be
entitled to recover its legal fees and expenses from the losing party or parties
thereof.

     6.6. COUNTERPARTS. This Agreement may be executed in counterparts, each of
which shall be an original, but all of which together shall constitute one and
the same instrument.

     6.7. HEADINGS. The section headings of this Agreement are for convenience
and shall not by themselves determine the interpretation of this Agreement.

                                       21
<PAGE>

     6.8. NOTICES. Any notice required or permitted hereunder shall be given in
writing and shall be conclusively deemed effectively given (a) upon personal
delivery, (b) one Business Day after deposit with a nationally recognized
overnight delivery service, (c) five days after deposit in the United States
mail, by registered or certified mail, postage prepaid, or (d) when telecopied,
receipt acknowledged, addressed in each case to the appropriate address and
facsimile numbers set forth below (or to such other address as a party may
designate by ten days' advance written notice to the other parties):

            If to Bank, to:

            c/o CIBC World Markets Inc.
            161 Bay Street, BCE Place
            7th Floor
            Toronto, Ontario M5J 258
            Attention:  Richard E. Venn, Senior Executive Vice President
            Facsimile No.: (416) 594-8223
            and
            Attention:  David Marshall, Vice Chairman
            Facsimile No.: (416) [___-____]

            with a copy to:

            Canadian Imperial Bank of Commerce
            Legal and Compliance Division
            199 Bay Street
            Commerce Court West
            15th Floor
            Toronto, Ontario M5L 1A2
            Attention:  Robert J. Richardson, Associate General Counsel
            Facsimile No.: (416) 304-2860

            and to:

            Simpson Thacher & Bartlett
            425 Lexington Avenue
            New York, New York 10017
            Attention:  Lee Meyerson, Esq.
            Facsimile No.: (212) 455-2502

            If to the Company, to:

            Global Payments Inc.
            #2 National Data Plaza
            Atlanta, Georgia 30329-2010
            Attention: Office of the General Counsel
            Facsimile No: (404) 728-2990

                                       22
<PAGE>

     6.9. AMENDMENT OF AGREEMENT. This Agreement may be amended and the Company
may take any action herein prohibited, or omit to perform any act herein
required to be performed by it, only if the Company shall have obtained the
written consent to such amendment, action or omission to act, of the Holders of
a majority of the Registrable Securities then outstanding. Each Holder of any
Registrable Securities at the time or thereafter outstanding shall be bound by
any consent authorized by this Section 6.9, whether or not such Registrable
Securities shall have been marked to indicate such consent.

     6.10. NO INCONSISTENT AGREEMENTS. The Company agrees not to enter into any
other agreement that is inconsistent with or conflicts with any provision of
this Agreement or which would impair its ability to perform its obligations
under this Agreement on a timely basis.

                                       23
<PAGE>

            IN WITNESS WHEREOF, the parties hereto have executed this Agreement
as of the date above set forth.

                                    GLOBAL PAYMENTS INC.

                                    By: /s/ Suellyn P. Tornay
                                        -------------------------------------
                                        Name: Suellyn P. Tornay
                                        Title: General Counsel

                                    CANADIAN IMPERIAL BANK OF COMMERCE

                                    By:  Christine Croucher
                                        -------------------------------------
                                        Name:  Christine Croucher
                                        Title:

                                    By:  David A. Caldwell
                                        -------------------------------------
                                        Name:  David A. Caldwell
                                        Title:

                                       24<PAGE>

                                                                    Exhibit 10.3

                          MARKETING ALLIANCE AGREEMENT

      MARKETING ALLIANCE AGREEMENT dated as of March 20, 2001 among CANADIAN
IMPERIAL BANK OF COMMERCE, a bank formed under the laws of Canada (the "Bank"),
and NATIONAL DATA PAYMENT SYSTEMS, INC., a New York corporation ("NDPS"), GLOBAL
PAYMENTS CANADA INC. an Ontario corporation ("GPI CANADA") and GLOBAL PAYMENTS
INC. a Georgia corporation ("GLOBAL PAYMENTS") as the guarantor of NDPS' and GPI
Canada's obligations hereunder, as described on the last page of this Agreement.

      WHEREAS, the Bank and NDPS (and National Data Corporation and Global
Payments as the guarantors of NDPS' obligations) entered into an Asset Purchase
Agreement dated November 9, 2000 (the "ASSET PURCHASE AGREEMENT"), pursuant to
which the Bank agreed to sell to NDPS the Assets Sold (as defined therein);

      WHEREAS, the parties have each agreed to undertake or cause to be
undertaken certain activities with respect to the Merchant Business;

      WHEREAS, it was a condition to the consummation of the transactions
provided for in the Asset Purchase Agreement that the Bank and NDPS enter into
this Marketing Alliance Agreement;

      NOW, THEREFORE, in consideration of the foregoing and of the mutual
covenants contained herein, the Bank and NDPS agree as follows:

SECTION 1.    DEFINITIONS AND INTERPRETATION

SECTION 1.1   CERTAIN DEFINED TERMS.  For purposes of this Agreement, the
following terms shall have the following meanings:

      "ACCOUNT FEES" has the meaning set forth in Section 5.2.

      "ADVISORS" means, with respect to a Person, the Person's employees,
agents, professional advisors and consultants and "ADVISOR" means any one of
them.

      "AFFILIATES" means, with respect to the Person specified, a Person that
Controls or is Controlled by, or is under common Control with, the Person
specified.

      "AGGREGATE TRANSACTION VOLUME" has the meaning set forth in Section
8.3(e).

      "AMICUS" has the meaning set forth in Section 8.3(b).

      "ARBITRATION" has the meaning set forth in Section 22.5.

      "ARBITRATION ACT" has the meaning set forth in Section 22.5.

      "ASSET PURCHASE AGREEMENT" has the meaning set forth in the Recitals.

                                       1
<PAGE>

      "ASSIGNED MERCHANT AGREEMENTS" means the Existing Merchant Agreements (but
not the Excluded Merchant Agreements).

      "ASSOCIATION RULES" means the rules and regulations established from time
to time by a Credit Card Association or Network Organization.

      "BANK DATA" means all data and information, including, but not limited to,
personal information, account balance information, facts, records, business data
tapes and documents, relating to the Bank's businesses (other than the Merchant
Business or information which has otherwise been disclosed by a Merchant or a
customer to NDPS and/or GPI Canada directly or is available in the public
domain).

      "BANK DEFAULT" has the meaning set forth in Section 14.2.

      "BANK MARKS" means the Bank's trade name and trade-marks specifically
identified in the Trademark Licence Agreement.

      "BANK SERVICE LOCATION" means any location where the Bank performs Bank
Services.

      "BANK SERVICES" means the services to be provided by, and all other
obligations of, the Bank expressly provided for in this Agreement in fulfilment
of obligations under the Merchant Agreements, including the Transition Services
for so long as, and to the extent that, they are provided under the Transition
Agreement.

      "BANK'S U.S. ICAS/BINS" has the meaning set forth in Section 8.3(b).

      "BIN" means a Bank Identification Number used in connection with Credit
Card Transactions, as described in greater detail in the applicable Association
Rules.

      "BIN REPORTING" has the meaning set forth in Section 8.2.

      "BUSINESS DAY" means any day excluding Saturday, Sunday and any day on
which banking institutions located in Toronto, Ontario, St. Louis, Missouri or
Atlanta, Georgia are authorized by law or other governmental action to be
closed.

      "BUSINESS RECOVERY PLANS" means, as the case may be, NDPS' and/or GPI
Canada's business recovery procedures with respect to the Merchant Business to
be implemented by NDPS and GPI Canada pursuant to the conditions imposed by the
Office of the Superintendent of Financial Institutions in its conditional order
permitting NDPS to process data relating to the Merchant Business from a
location outside Canada, and under the Transition Agreement, such procedures may
be updated and modified from time to time in accordance with the terms of this
Agreement, and the Bank's business recovery procedures with respect to the Bank
Services, as such procedures may be modified from time to time in accordance
with the terms of this Agreement.

                                       2
<PAGE>

      "CANADIAN FINANCIAL INSTITUTION" has the meaning set forth in the Asset
Purchase Agreement.

      "CARD TRANSACTIONS" means Credit Card Transactions and Debit Card
Transactions.

      "CHAIR" has the meaning ascribed thereto in Section 22.5.

      "CHARGEBACK" has the meaning, with respect to VISA, specified in the VISA
Rules and, with respect to any other Credit Card Association or Network
Organization, has the meaning given to the equivalent term under the applicable
Association Rules.

      "CIBC SYSTEM" has the meaning set forth in Section 10.5.

      "CLEARING SYSTEM RULES" means, for a Clearing System, the rules and
regulations established from time to time relating to the use and operation of
the Clearing System.

      "CLEARING SYSTEM" means the relevant payment system, such as the Canadian
Payments Association, used to effect payments for Card Transactions.

      "CLIENT RELATIONS REPRESENTATIVE" has the meaning set forth in Section
15.1.

      "COMMERCIALLY REASONABLE EFFORTS" means the efforts that a prudent person
who desires to complete a transaction or other action would use in similar
circumstances to ensure that a closing or other result occurs as expeditiously
as possible without the necessity of assuming any material obligations or paying
any material amounts to an unrelated third party.

      "CONTROL" exists when a Person owns beneficially, directly or indirectly,
more than 50% of another Person's outstanding voting securities or where a
Person has the ability to elect a majority of the directors of another Person;

      "CREDIT CARD" means a credit card or Off-Line Debit Card bearing the
symbol of a Credit Card Association which is accepted by a Merchant pursuant to
the terms of a Merchant Agreement, and in respect of which Credit Card
Transactions are cleared and settled through the Credit Card Interchange System.

      "CREDIT CARD ASSOCIATIONS" means VISA U.S.A., Inc., VISA Canada Inc.,
the Canadian MasterCard entity, if any, MasterCard USA, Inc., Visa
International, Inc., MasterCard International, Inc. or any other association
that the parties may agree upon from time to time and any successor
organization or association of any of them.

      "CREDIT CARD CLEARING DATE" means the date the Credit Card Association
receives the information relating to a Card Transaction from NDPS or its
Merchant Accounting Processor.

                                       3
<PAGE>

      "CREDIT CARD INTERCHANGE SYSTEM" means a system of clearing and settling
Credit Card Transactions established by a Credit Card Association.

      "CREDIT CARD TRANSACTION" means an electronic or documentary transaction
involving a Merchant pursuant to which the method of payment is by Credit Card.

      "CREDIT CARD TRANSACTION RECORDS" means the electronic or documentary
files relating to Credit Card Transactions.

      "CREDIT FACILITY" has the meaning set forth in the Asset Purchase
Agreement.

      "CREDIT LOSS" means a loss resulting from the failure by a Merchant to pay
amounts owed by it under a Merchant Agreement, other than amounts owed by reason
of a Chargeback.

      "DEBIT CARD" means an on-line debit card, bearing the symbol of a Network
Organization, which is accepted by a Merchant pursuant to the terms of a
Merchant Agreement and in respect of which Debit Card Transactions are cleared
and settled through the Bank in accordance with the procedures established by
the applicable Network Organization.

      "DEBIT CARD TRANSACTION" means an electronic transaction involving a
Merchant pursuant to which the method of payment is by Debit Card.

      "DEBT CARD TRANSACTION RECORDS" means the electronic or documentary files
relating to a Debit Card Transaction.

      "DISPUTE" has the meaning set forth in Section 22.1.

      "EFT" means an electronic funds transfer.

      "EMERGENCY" has the meaning set forth in Section 2.7.

      "EXCLUDED MERCHANT AGREEMENTS" has the meaning given to such term in the
Asset Purchase Agreement.

      "EXISTING MERCHANT AGREEMENT" means an agreement, whether oral or written,
dated before the date of this agreement and in effect on the date hereof between
the Bank and a merchant pursuant to which the Merchant undertakes to honour
Cards, to deposit Card Transaction records with the Bank and to settle with the
Bank for Card Transactions with the Bank and the Bank agrees to provide such
other related services as may be set forth in such agreement and a merchant
member agreement, an instant payment service agreement, a terminal authorization
and draft deposit service agreement, an instant payment merchant agreement, a
guaranteed reservation service agreement, a merchant

                                       4
<PAGE>

tape deposit service agreement, a telephone and mail order agreement, a merchant
agreement acceptance form, and applications for merchant service.

      "FORCE MAJEURE EVENT" has the meaning set forth in Section 12.2.

      "FOREIGN INTERCHANGE AMOUNT" has the meaning set forth in Section 7.3(a).

      "FOREIGN INTERCHANGE NOTICE" has the meaning set forth in Section 7.3(c).

      "FOREIGN TRANSACTIONS" has the meaning set forth in Section 7.3(a).

      "GOVERNMENTAL ENTITY" means (i) any multinational, federal, provincial,
state, municipal, local or other governmental or public department, central
bank, court, commission, board, bureau, agency or instrumentality, whether
domestic or foreign (ii) any subdivision or authority of any of the foregoing,
or (iii) any quasi-governmental or private body exercising any regulatory,
expropriation or taxing authority under or for the account of any of the above.

      "ICA" means the identification or account number used by a member of a
Credit Card Association in connection with certain Credit Card Transactions, as
described in greater detail in the applicable Association Rules.

      "INDEMNITEE" has the meaning set forth in Section 20.1.

      "INDEMNITOR" has the meaning set forth in Section 20.1.

      "INDEPENDENT SALES ORGANIZATION" means a non-Affiliated sales organization
that may refer merchants to NDPS in connection with the Merchant Business.

      "INTERAC" means Interac Association.

      "INTERCHANGE FEE" means a fee payable to the applicable Credit Card
Association (part of which is payable to the applicable Credit Card issuer) in
respect of a Credit Card Transaction.

      "INITIATING PARTY" has the meaning set forth in Section 22.2.

      "ISSUING ACCOUNT" means an account maintained by the Bank for the purposes
of clearing Credit Card Transactions in respect of which the cardholder making
the transaction uses a Credit Card issued by the Bank and the Merchant maintains
a Merchant Depository Account at the Bank.

      "JOINT DIRECTOR COMMITTEE" means a committee comprised of two directors of
Global Payments nominated by the Bank (or if the Bank has not nominated two
directors, then the members of the Bank on the Committee shall be the remaining
director if any, of

                                       5
<PAGE>

Global Payments,  and an officer or officers of the Bank designated by the Bank)
and two directors of Global Payments Inc. designated by NDPS.

      "KEY ACCOUNTS" has the meaning set forth in Section 2.7.

      "KEY ACCOUNT NOTICE" has the meaning set forth in Section 2.7.

      "LAWS" means all applicable laws including all statutes, codes,
ordinances, decrees, rules, regulations, municipal by-laws, judicial or arbitral
or administrative or ministerial or departmental or regulatory judgments,
orders, decisions, ruling or awards, guidelines, standards, policies and
procedures enacted by a regulatory body or pursuant to statutory authority or
requirement and general principles of common and civil law and equity, binding
on the Person referred to in the context in which the word is used.

      "LEGAL CHANGE" has the meaning set forth is Section 9.2.

      "LOSSES" has the meaning set forth in Section 20.1.

      "MASTERCARD" means, as applicable, the Canadian MasterCard entity, if
any, MasterCard International, Inc., MasterCard USA, Inc. and their
respective successor organizations.

      "MASTERCARD CARD" means a Credit Card bearing the symbol of MasterCard,
Credit Card Transactions in respect of which are cleared and settled through the
MasterCard Credit Card Interchange System.

      "MASTERCARD RULES" means the rules and regulations established by
MasterCard.

      "MERCHANT" means any Person (other than the Bank or NDPS and/or GPI
Canada) that is a party to a Merchant Agreement.

      "MERCHANT ACCOUNTING PROCESSOR" means a processor designated by NDPS from
time to time to perform data processing relating to Credit Card Transactions.

      "MERCHANT AGREEMENTS" means the Assigned Merchant Agreements and the
New Merchant Agreements.

      "MERCHANT BUSINESS" has the meaning set forth in the Asset Purchase
Agreement.

      "MERCHANT DEPOSITORY ACCOUNT" means a current account maintained by a
Merchant with the Bank or another financial institution for the purposes of
receiving funds in connection with Card Transactions and making payments of
amounts owing by the Merchant under the applicable Merchant Agreement.

                                       6
<PAGE>

      "MERCHANT PROCESSING SERVICES" means the products and services offered as
part of the Merchant Business.

      "MERCHANT'S EDGE PROGRAM" means the program between the Bank and National
Bank of Canada (or any other Canadian MasterCard issuer) in association with the
trade-mark "Merchant's Edge" under which Merchants may receive same day value
and next Business Day access to deposits for their VISA and MasterCard sales.

      "NDPS ACCOUNT" has the meaning set forth in Section 5.1(c).

      "NDPS DEFAULT" has the meaning set forth in Section 14.3.

      "NDPS DATA" shall mean all information relating to the business of NDPS
and its Affiliates including, without limitation, the Merchant Business
(including, without limitation, information regarding the identity of the
Merchants as customers of the Merchant Business, rate information, services
provided to Merchants and processing volumes) and the Assets Sold (as defined in
the Asset Purchase Agreement) (other than information which has otherwise been
disclosed by a Merchant or a customer to the Bank directly or is available in
the public domain).

      "NDPS SERVICES" means (i) all services to be provided to Merchants by, and
all other obligations of, the Bank under or in respect of the Assigned Merchant
Agreements except for the Transition Services (only for so long as and to the
extent that they are to be provided under the Transition Agreement) and except
for the Bank Services, (ii) all services to be provided by, and all other
obligations of, NDPS and/or GPI Canada under the New Merchant Agreements, and
(iii) the services and obligations of NDPS and/or GPI Canada expressly provided
for in this Agreement.

      "NDPS SERVICE LOCATION" means any location where NDPS and/or GPI Canada
performs any NDPS Services.

      "NDPS USER'S FEE" has the meaning set forth in Section 8.3(e).

      "NETWORK ORGANIZATION" means the Interac Association or any legal
successor organization.

      "NEW MERCHANT AGREEMENTS" has the meaning set forth in Section 2.5(a)

      "OFF-LINE DEBIT CARD" means a payment card bearing the name of a Credit
Card Association which is settled through the Credit Card Interchange System but
the charges are debited from the cardholder's account by the issuer rather than
being billed pursuant to a monthly statement.

      "ON US CASH ADVANCES" has the meaning set forth in Section 4.1(h).

                                       7
<PAGE>

      "OPERATIVE DOCUMENTS" means, collectively, the Asset Purchase Agreement,
the Stock Purchase Agreement, this Agreement, the Transition Agreement, the
Trademark Licence Agreement, the Investor Rights Agreement, the Credit Facility
and the General Conveyance Agreement (all as referred to in the Asset Purchase
Agreement).

      "ORDINARY COURSE" means, with respect to an action taken by a Person in
respect of a business, that such action is consistent with the past practices of
the Person and is taken in the ordinary course of operations of the Person
relating to that business.

      "ORIGINATE" means the transmission of a file to a Clearing System for the
purposes of effecting an EFT.

      "PAPER PROCESSING VENDOR" means the entity that NDPS designates to receive
documentary records relating to Card Transactions and that is responsible for
entering the relevant information concerning such transactions into an
electronic format.

      "PERSON" means a natural person, partnership, limited liability
partnership, corporation, joint stock company, trust, unincorporated
association, joint venture or other entity or Governmental Entity.

      "PRIVACY POLICIES AND PROCEDURES" means the privacy policies and
procedures attached as SCHEDULE 11.6, as such procedures may from time to time
be modified by the Bank, acting reasonably.

      "RESERVE ACCOUNT" has the meaning set forth in Section 7.1(c).

      "SECURITY POLICIES AND PROCEDURES" means the security policies and
      procedures
of NDPS set out on SCHEDULE 10.3(A), and of the Bank set out on SCHEDULE10.3(B),
relating to the Merchant Business, as such policies may be modified from time to
time in accordance with the provisions hereof.

      "SERVICE LEVELS" means the services levels in respect of the Services set
forth in SCHEDULE 3.

      "SERVICE LOCATIONS" means, collectively, the Bank Service Locations and
the NDPS Service Locations.

      "SERVICES" means, collectively, the NDPS Services and the Bank Services.

      "SETTLEMENT" means the settlement of funds through a Credit Card
Interchange System or Network Organization.

      "SETTLEMENT ACCOUNTS" has the meaning set forth in Section 5.1(a).

      "SHORTFALL" means any shortfall in funds in the applicable Settlement
Account in respect of the Bank's reimbursement rights described in Sections
4.1(f) and 4.2(e).

                                       8
<PAGE>

      "STATEMENT OF DISPUTE" has the meaning set forth in Section 22.5.

      "SUBSIDIARY" has the meaning given to such term in the Business
Corporations Act (Ontario).

      "TERRITORY" means the United States (and all of its territories) and
Canada.

      "THIRD PARTY ASSIGNEE" has the means set forth in Section 2.2(b).

      "TRADEMARK LICENCE AGREEMENT" means the trademark licence agreement dated
the date hereof between the Bank, NDPS and GPI Canada.

      "TRANSITION AGREEMENT" means the agreement dated the date hereof between
the Bank, NDPS, GPI Canada and Global Payments (as the guarantors of NDPS' and
GPI Canada's obligations thereunder) by which the Bank is required to provide
certain services in support of the Merchant Business during the Transition
Period.

      "TRANSITION PERIOD" has the meaning set forth in the Transition Agreement.

      "U.S. BINS AGREEMENT" has the meaning set forth in Section 8.3(b).

      "VISA" means, as applicable, VISA U.S.A., Inc., VISA Canada Inc. or
Visa International, Inc. or any successor organization of any of them.

      "VISA CARD" means a Credit Card bearing the symbol of VISA, Credit Card
Transactions in respect of which are cleared and settled through the VISA Credit
Card Interchange System.

      "VISA RULES" means the applicable rules and regulations established from
time to time by VISA.

SECTION 1.2       HEADINGS AND TABLE OF CONTENTS. The division of this Agreement
into Sections, the insertion of headings and the provision of a table of
contents are for convenience of reference only and shall not affect the
construction or interpretation of this Agreement.

SECTION 1.3 NUMBER AND GENDER. Unless the context requires otherwise, words
importing the singular include the plural and vice versa and words importing
gender include all genders.

SECTION 1.4 PERFORMANCE ON BUSINESS DAYS. Except as expressly provided for
herein, if any payment is required to be made or other action is required to be
taken pursuant to this Agreement on a day which is not a Business Day, then such
payment or action shall be made or taken on the next Business Day.

                                       9
<PAGE>

SECTION 1.5 REFERENCES. Any reference in this Agreement to any Law, Association
Rule or Clearing System Rule shall, unless otherwise expressly stated, be deemed
to be a reference to such Law, Association Rule or Clearing System Rule as
amended, restated or re-enacted from time to time.

SECTION 1.6 SECTION AND SCHEDULE REFERENCES. Unless the context requires
otherwise, references in this Agreement to Sections or Schedules are to Sections
or Schedules of this Agreement. The Schedules to this Agreement form part of
this Agreement and are as follows:

SCHEDULES

Schedule 2.5            New Merchant Agreements
Schedule 2.7      -     Key Accounts
Schedule 3        -     Service Levels
Schedule 7.2      -     Chargebacks and Credit Losses on Certain Accounts
Schedule 10.3(a)  -     NDPS Security Policies and Procedures
Schedule 10.3(b)  -     Bank Security Policies and Procedures
Schedule 11.6     -     Bank Privacy Policies and Procedures
Schedule 15       -     Initial Client Relations Representatives

SECTION 1.7 PARTIES. GPI Canada is a party to this Agreement for the purposes of
exercising such rights and fulfilling such obligations that relate to the
performance of the business of acquiring and leasing point-of-sale terminals to
Merchants and acting as an independent sales organization to the extent that
such activities relate to the conduct of the Merchant Business, and all
references to "NDPS and/or GPI Canada" herein shall be interpreted to mean the
relevant party as the context requires, provided that NDPS guarantees the
obligations of GPI Canada in accordance with the provisions of the last page of
this Agreement.

SECTION 2.  MERCHANT AGREEMENTS

SECTION 2.1 ASSIGNED MERCHANT AGREEMENTS. The parties acknowledge that pursuant
to Section 2.1(a) of the Asset Purchase Agreement, the Bank has effected an
equitable assignment to NDPS of all of the Bank's rights under the Assigned
Merchant Agreements (it being further acknowledged that the Bank is continuing
as a party to the Assigned Merchant Agreements). Notwithstanding the foregoing,
the parties acknowledge that NDPS has the absolute right, by giving notice to
the applicable Merchants, to cause the equitable assignment described above to
be converted into a legal assignment of such rights. The parties also confirm
their intention that NDPS' and GPI Canada's covenant in Section 3.1 to provide
the NDPS Services will result in NDPS and/or GPI Canada assuming and performing
all of the Bank's obligations under the Assigned Merchant Agreements (except for
the Bank Services) without affecting the Bank's contractual obligations to
Merchants pursuant to the Assigned Merchant Agreements.

                                       10
<PAGE>

SECTION 2.2 FURTHER ASSIGNMENT OF RIGHTS UNDER MERCHANT AGREEMENTS DURING THE
TERM.

     (a) Subject to Section 2.2(b), and separate and apart from NDPS' right to
         cause the equitable assignment of the Bank's rights under the Assigned
         Merchant Agreements to be converted into a legal assignment of such
         rights as described in Section 2.1, the Bank hereby grants to NDPS an
         irrevocable right to require the Bank, during the term of this
         Agreement, on notice from NDPS, to assign to NDPS or to any other
         Person all but not less than all of the Bank's interest in some or all
         of the Merchant Agreements in effect on the effective date of the
         notice and all of the obligations of the Bank thereunder. Neither the
         Bank nor NDPS makes any representation or warranty as to the legal
         effect of such assignment and neither party shall have liability to the
         other for any Losses incurred by the other party as a result of the
         assignment, including any Losses resulting from a termination of any
         Merchant Agreements by Merchants.

     (b) The assignment referred to in Section 2.2(a) shall be subject to the
         following conditions:

          (i)   an assignee other than NDPS or an Affiliate of NDPS (a "THIRD
                PARTY ASSIGNEE") shall not be permitted to use the Bank Marks
                without the written consent of the Bank;

          (ii)  the Bank shall have the right to cause NDPS or such Third Party
                Assignee to notify each affected Merchant that the Bank is no
                longer a party to such Merchant Agreements and to cause NDPS or
                such Third Party Assignee to convert such Merchants from the
                Bank's ICA/BINs, unless NDPS has caused the Bank to assign the
                ICA/BINs to such Third Party Assignee or other designee pursuant
                to Section 8.3(b);

          (iii) if the Bank elects to pursue its right under clause (ii), upon
                the effective date of the assignment, NDPS and the Bank agree
                that, (A) as between the Bank and such Third Party Assignee, the
                Bank shall have no further obligations or liabilities in respect
                of the Merchant Agreements (including to provide any Bank
                Services) and (B) NDPS or such Third Party Assignee and NDPS
                shall be deemed to have assumed and agreed thereafter to pay and
                discharge when due, and to indemnify and hold the Bank harmless
                with respect to, all such obligations and liabilities except for
                any obligations and liabilities of the Bank that relate to
                events (including sales transactions) occurring up to the
                effective time of such assignment or arising out of claims
                against the Bank by any party other than NDPS, any Affiliate of
                NDPS or any Third Party Assignee, who challenges the legal
                validity of any such assignment.

                                       11
<PAGE>

SECTION 2.3 FURTHER ASSIGNMENT OF RIGHTS UNDER ASSIGNED MERCHANT AGREEMENTS UPON
THE EXPIRY OF THE TERM.

     (a) Subject to Section 2.3(c), upon the expiry or termination of this
         Agreement, the Bank shall be deemed to have assigned to NDPS, and NDPS
         shall be deemed to have assumed, without any further action required by
         either of them, all but not less than all of the Bank's continuing
         interest (including all of the Bank's obligations and liabilities) in
         the Assigned Merchant Agreements in effect on the expiry or termination
         date.

     (b) Neither the Bank nor NDPS makes any representation or warranty as to
         the legal effect of an assignment under Section 2.3(a) and neither
         party shall have liability to the other for any Losses incurred by the
         other party as a result of the assignment, including any Losses
         resulting from a termination of any Merchant Agreements by Merchants.

     (c) Upon the effective date of the assignment, as between the Bank and
         NDPS, (i) the Bank shall have no further obligations or liabilities in
         respect of the Merchant Agreements (including to provide any Bank
         Services), (ii) NDPS shall notify each Merchant that the Bank is no
         longer a party to the Merchant Agreements, and NDPS shall be deemed to
         have assumed and agreed thereafter to pay and discharge when due, and
         to hold the Bank harmless with respect to, all such obligations and
         liabilities except for any obligations and liabilities of the Bank that
         relate to events (including sales transactions) occurring up to the
         effective time of such assignment or arising out of claims against the
         Bank by any Person (other than NDPS ) who challenges the legal validity
         of any such assignment.

SECTION 2.4 TERMINATION, MODIFICATION OF ASSIGNED MERCHANT AGREEMENTS. Subject
to the provisions of Section 2.7 with respect to the Key Accounts, NDPS shall
have the right to require the Bank to terminate or modify any of the Assigned
Merchant Agreements (including but not limited to the increase of fees or
discounts charged to Merchants) to the extent permissible thereunder in a manner
consistent with the Ordinary Course of NDPS' and/or GPI Canada's business,
provided that no modification to an Assigned Merchant Agreement may be effected
without the prior written consent of the Bank if the modification would
reasonably be expected to materially adversely affect the Bank's obligations
thereunder (which are not being performed or assumed by NDPS and/or GPI Canada),
or risks or costs arising therefrom, including with respect to Transition
Services or Bank Services. Subject to the provisions of Section 2.7, NDPS and/or
GPI Canada has the right to compel the Bank to be a party of legal proceedings
involving merchants under Assigned Merchant Agreements.

SECTION 2.5 NEW THREE PARTY MERCHANT AGREEMENTS.

     (a) The parties agree to use their Commercially Reasonable Efforts to
         attempt to enter into new written agreements with Merchants (to replace
         any

                                       12
<PAGE>

         Assigned Merchant Agreement) substantially in the form attached as
         SCHEDULE 2.5 pursuant to which each of NDPS and the Bank shall be
         contracting parties with Merchants and shall be jointly and severally
         obligated to perform the services thereunder (the "NEW MERCHANT
         AGREEMENTS") within (i) three years from the date hereof as to
         Merchants listed on SCHEDULE 7.2, and (ii) five years from the date
         hereof as to Merchants other than those listed on SCHEDULE 7.2.
         Notwithstanding the form of SCHEDULE 2.5, NDPS and/or GPI Canada agrees
         to act diligently and in a commercially reasonable manner in
         negotiating a New Merchant Agreement with the Merchants listed on
         SCHEDULE 7.2. The parties acknowledge that, as to Merchants other than
         those Merchants listed on SCHEDULE 7.2, NDPS and/or GPI Canada shall be
         deemed to have used Commercially Reasonable Efforts if it mails a new
         form of agreement to such Merchants without regard to the effectiveness
         of such actions. In addition, all Merchant Agreements for new Merchants
         from and after the Closing shall be substantially in the form of the
         New Merchant Agreements. The parties agree that services under New
         Merchant Agreements shall be performed for Merchants in accordance with
         the provisions of this Agreement, namely, the Bank shall perform the
         Bank Services and NDPS and/or GPI Canada shall perform the NDPS
         Services. The parties agree that the process of converting to New
         Merchant Agreements from the Assigned Merchant Agreements shall
         commence with the Merchants listed on SCHEDULE 7.2.

     (b) If NDPS desires the Bank to assign any rights it may have under any of
         the Merchant Agreements by virtue of the fact that the Bank remains a
         party to such contracts solely to comply with the Association Rules (if
         applicable), the Bank shall enter into an assignment agreement with an
         assignee designated by NDPS within a reasonable time after request
         whereby such assignee shall assume all of the Bank's obligations and
         liabilities under such Merchant Agreements as to transactions with a
         Credit Card Clearing Date occurring after the effective date of such
         assignment.

     (c) The parties acknowledge that NDPS and GPI Canada intend to operate all
         aspects of the Merchant Business in Canada relating to the sale and/or
         leasing of point-of-sale terminals and related equipment and services
         through GPI Canada, and in connection therewith, NDPS has transferred
         to GPI Canada all of its rights and interests in all point-of-sale
         related assets purchased from the Bank pursuant to the Asset Purchase
         Agreement. Accordingly, the parties acknowledge that GPI Canada will
         enter into separate agreements with Merchants relating to the sale
         and/or leasing of point-of-sale terminals and related

                                       13
<PAGE>

         equipment and services. The Parties agree that, subject to the
         provisions of the Trademark Licence Agreement, (in consideration for
         GPI being permitted to provide any of the NDPS Services), GPI Canada
         shall use the Bank Marks in connection with the sale and/or leasing of
         point-of-sale terminals and related equipment and services for
         Merchants. GPI Canada shall ensure that the point-of-sale terminal sale
         or lease agreements entered into after the Closing Date contain a
         provision requiring the Merchant to remove the Bank Marks from all
         equipment used by Merchants that cease to be a party to a Merchant
         Agreement.

SECTION 2.6 POWER OF ATTORNEY. The Bank hereby grants GPI Canada a continuing
power of attorney to execute New Merchant Agreements from time to time on behalf
of the Bank provided such New Merchant Agreements are substantially in the form
of the agreement attached as SCHEDULE 2.5, as amended by NDPS from time to time
with the prior written approval of the Bank, such approval not to be
unreasonably withheld.

SECTION 2.7 KEY ACCOUNTS. Attached hereto as SCHEDULE 2.7 is a list of Merchants
that the parties acknowledge are significant relationship customers of the Bank
(the "KEY ACCOUNTS"). If NDPS and/or GPI Canada desire to cause a Merchant
Agreement that relates to a Key Account to be terminated or modified in a
material respect or to commence or threaten legal proceedings against a Key
Account, NDPS and/or GPI Canada shall first give notice to the Bank's Client
Relations Representative of its intention to do so (a "KEY ACCOUNT NOTICE"),
which notice shall include a description of NDPS' and/or GPI Canada's proposed
course of action and the reasons therefor. A Key Account Notice indicating that
NDPS and/or GPI Canada desire either to terminate a Key Account because it
reasonably believes that a continuation of the Merchant Agreement may result in
losses to NDPS and/or GPI Canada as a result of uncollected Chargebacks or
Credit Losses or that NDPS and/or GPI Canada intends to seek injunctive relief
against the Key Account shall be considered an "EMERGENCY". The Bank must
respond to an Emergency on the same Business Day as the Key Account Notice is
delivered, if the Key Account Notice is delivered by 12:00 p.m., or the next
Business Day, if delivered after 12:00 p.m. If the Key Account Notice does not
relate to an Emergency, the Bank shall have five (5) Business Days after
delivery of the Key Account Notice to respond. If the Bank responds to NDPS
and/or GPI Canada within the applicable response time that it wishes to become
involved in the proposed action involving a Key Account with a view to avoiding
or preventing the proposed termination or legal proceeding or otherwise
addressing the issues set forth in the Key Account Notice, or the Bank and NDPS
and/or GPI Canada shall negotiate in good faith to ensure that a mutually
agreeable solution is reached as soon as reasonably possible. In the event that
(i) the Bank does not respond to the Key Account Notice within the applicable
response time, or (ii) the parties are unable to agree upon a solution (A) on
the same Business Day, in the case of an Emergency (or the next Business Day, if
the Key Account Notice is delivered after 12:00 p.m.), or (B) within five (5)
Business Days after the Bank has responded to any other Key Account Notice, NDPS
and/or GPI Canada shall be permitted to proceed with the course of action
proposed in the Key Account Notice. Notwithstanding the provisions of this
Section 2.7, NDPS and/or GPI Canada agrees that it shall not cause a Merchant
Agreement in respect of a Key Account to be modified in respect of fees charged
to such Merchants for a period of six months from the date of this Agreement.

                                       14
<PAGE>

SECTION 3.  SERVICES

SECTION 3.1 NDPS SERVICES. During the term of this Agreement NDPS and/or GPI
Canada shall furnish the NDPS Services in respect of all Merchant Agreements and
shall use its Commercially Reasonable Efforts to meet the applicable Service
Levels.

SECTION 3.2 BANK SERVICES. During the term of this Agreement the Bank shall
furnish the Bank Services in respect of all Merchant Agreements and shall use
its Commercially Reasonable Efforts to meet the applicable Service Levels.

SECTION 3.3 LICENCES AND PERMITS. Each party shall be responsible for ensuring
compliance with all applicable Laws, Association Rules and Clearing System
Rules, including any service levels established thereunder, and obtaining and
complying with the terms and conditions of all licences and permits required by
Law, Association Rules and Clearing System Rules with respect to the Services to
be performed by it or by third parties on its behalf and shall pay all fees,
costs and expenses and assume all other obligations associated therewith. NDPS
and/or GPI Canada shall be responsible for and shall pay all fines and penalties
arising from non-compliance by NDPS and/or GPI Canada with any Merchant
Agreement, Laws, Association Rules or Clearing System Rules or third party
requirements in respect of its delivery of the NDPS Services. Neither NDPS nor
GPI Canada shall be responsible for any licences, memberships, sponsorships or
permits required to be obtained and/or maintained by the Bank or for any related
fees required or incurred in connection with the performance by the Bank of the
Bank Services for greater certainty, the Bank shall pay all assessment and
membership fees of VISA. The Bank shall be responsible for and shall pay all
fines and penalties arising from non-compliance by the Bank with any Merchant
Agreement, Laws, Association Rules or Clearing System Rules or third party
requirements in respect of its delivery of the Bank Services. The parties
acknowledge that the Bank shall not be responsible for any licences or permits
or related fees required to be obtained and/or maintained by NDPS and/or GPI
Canada.

SECTION 4.  DEPOSIT AND SETTLEMENT PROCEDURES

SECTION 4.1 ACCEPTANCE, DELIVERY, AND SETTLEMENT OF CREDIT CARD TRANSACTION
RECORDS.

     (a) NDPS shall accept Credit Card Transaction Records from Merchants in
         electronic form and shall transmit to the Bank in the Ordinary Course
         of NDPS' business summary information of the amounts to be posted to
         the accounts of those Merchants whose Merchant Depository Accounts are
         maintained with the Bank and the amounts to be included on the file to
         be sent through the applicable Clearing System with respect to those
         Merchants whose Merchant Depository Accounts are maintained with other
         financial institutions.

     (b) The Bank shall accept Credit Card Transaction Records from Merchants in
         documentary form at branches of the Bank and shall cause such

                                       15
<PAGE>

         transactions to be sent to the Paper Processing Vendor in the Ordinary
         Course of the Bank's business. NDPS shall use Commercially Reasonable
         Efforts to ensure that, once the Paper Processing Vendor has entered
         the relevant information from the Credit Card Transaction Records in
         documentary form into an electronic format, the Paper Processing Vendor
         transmits such transaction records to NDPS, and such records shall be
         Processed by NDPS in the Ordinary Course of NDPS' business.

     (c) For the duration of the Transition Period, for transactions which are
         made by cardholders who have been issued Credit Cards by the Bank, the
         Bank shall credit funds from the Issuing Account (rather than the
         applicable Settlement Account) to the applicable Merchant Depository
         Accounts maintained at the Bank by Merchants in respect of Credit Card
         Transactions in the Ordinary Course of the Bank's business and such
         transactions shall not be processed through the Credit Card Interchange
         System. NDPS agrees to pay the Bank any out-of-pocket costs incurred by
         the Bank as a result of the processing of Credit Card Transactions
         pursuant to this Section 4.1(c). The Bank shall ensure that the Issuing
         Account has adequate funds each day to settle the aforementioned "on
         us" transactions processed that same day;

     (d) Except as provided in Section 4.1(c), the Bank shall credit funds from
         the applicable Settlement Account or as otherwise provided by NDPS
         pursuant to the Credit Facility to the Merchant Depository Accounts
         maintained with it by Merchants in respect of Credit Card Transactions
         in the Ordinary Course of the Bank's business.

     (e) Upon the receipt of the information described in Section 4.1(a), the
         Bank shall, in the Ordinary Course of the Bank's business, Originate
         and transmit to the applicable Clearing System a file specifying the
         amounts of funds from the applicable Settlement Account or as otherwise
         provided by NDPS pursuant to the Credit Facility to be credited to
         Merchants whose Merchant Depository Accounts are maintained with other
         financial institutions. If permitted by the applicable Laws,
         Association Rules and Clearing System Rules, and upon the request of
         NDPS, the Bank shall use Commercially Reasonable Efforts to offer NDPS
         all reasonable assistance to enable NDPS to itself Originate Card
         Transactions and perform EFT through the applicable Clearing System,
         including but not limited to, serving as the Originating financial
         institution for such transactions. In such event, NDPS agrees to comply
         with all applicable Laws, Association Rules and Clearing System Rules.

     (f) The parties acknowledge that, from time to time, there may be
         insufficient funds in the applicable Settlement Account to allow the
         Bank to credit Merchants' accounts pursuant to Sections 4.1(d) and (e).
         In such event, the amount of the Shortfall shall be deemed as having
         been drawn down

                                       16
<PAGE>

         by NDPS on the date of the Shortfall under the terms of the Credit
         Facility.

     (g) The parties acknowledge that the Assets Sold (as defined in the Asset
         Purchase Agreement) include certain point-of-sale terminals and related
         equipment and software located in the Bank's branches, and that, for a
         period of six (6) months from the Closing Date, the Bank shall not be
         required to pay any rent or other payments to NDPS or GPI Canada in
         respect of such terminals and related equipment and software. After the
         six (6) month period, management of each of the relevant Bank branches
         shall have the option of either entering into terminal rental
         agreements with GPI Canada at a monthly rate of $20.00 per terminal per
         month or returning such point-of-sale terminals and related equipment
         and software to GPI Canada.

     (h) The parties acknowledge that the Bank currently processes certain cash
         advances at its branches for cardholders using Credit Cards issued by
         the Bank, that such transactions are processed using the point-of-sale
         terminals described in the preceding paragraph (the "ON US CASH
         ADVANCES"), that such transactions are not processed through the Credit
         Card Interchange System, and that no revenue is attributed to the
         Merchant Business in respect of On Us Cash Advances. The parties
         acknowledge that the On Us Cash Advances shall continue to be processed
         on the basis described in the preceding sentence until the earlier of
         the end of the Transition Period and the date upon which the BINs used
         by the Bank in connection with the Merchant Business have been
         segregated from the BINs used by the Bank in connection with the Bank's
         Credit Card issuing business. The Parties further acknowledge that
         nothing in this Section 4.1(h) impacts upon the revenues attributed to
         the Merchant Business in connection with cash advances processed at the
         Bank's branches for cardholders using Credit Cards issued by any Person
         other than the Bank.

                                       17
<PAGE>

SECTION 4.2 ACCEPTANCE, DELIVERY, AND SETTLEMENT OF DEBIT CARD TRANSACTION
RECORDS.

     (a) NDPS shall accept Debit Card Transaction Records from Merchants in
         electronic form and shall process and transmit to the Bank in the
         Ordinary Course of NDPS' business summary information in the form
         customarily used or required by the applicable Network Organization
         including information as to the amounts to be posted to the accounts of
         those Merchants whose Merchant Depositary Accounts are maintained with
         the Bank.

     (b) The Bank shall credit funds from the applicable Settlement Account, or
         as otherwise provided by NDPS pursuant to the Credit Facility, to the
         Merchant Depository Accounts maintained with it by Merchants in respect
         of Debit Card Transactions in the Ordinary Course of the Bank's
         business.

     (c) Upon the receipt of the information described in Section 4.2(a), and at
         the request of NDPS, the Bank shall Originate and transmit a file to
         the applicable Clearing System to enable a reconciliation of the
         amounts of funds from the applicable Settlement Account or as otherwise
         provided by NDPS pursuant to the Credit Facility to be credited to
         Merchants whose Merchant Depository Accounts are maintained with other
         financial institutions. If permitted by applicable Laws, Association
         Rules and Clearing System Rules, and upon the request of NDPS, the Bank
         shall use Commercially Reasonable Efforts to offer NDPS all reasonable
         assistance to enable NDPS to itself Originate Card Transactions and to
         perform EFT through the applicable Clearing System, including without
         limitation, serving as the Originating financial institution for such
         transactions. In such event, NDPS agrees to comply with all applicable
         Laws, Association Rules and Clearing System Rules.

     (d) The Bank shall accept the Debit Card Transaction Records referred to in
         paragraph (a) for Settlement in the Ordinary Course of the Bank's
         business as the "Settlement Agent", as such term is defined in the
         Interac rules, and upon the request of NDPS, shall serve as the "Direct
         Connector", as such term is defined in the Interac rules.

     (e) The parties acknowledge that, from time to time, there may be
         insufficient funds in the applicable Settlement Account to allow the
         Bank to credit Merchants' accounts pursuant to Section 4.2(b). In such
         event, the amount of the Shortfall shall be deemed as having been drawn
         by NDPS on the date of the Shortfall under the terms of the Credit
         Facility or, if a drawdown cannot occur, then such amount shall be
         repaid to the Bank by NDPS promptly upon receipt of notice thereof.

                                       18
<PAGE>

SECTION 4.3 ACCEPTANCE, DELIVERY AND SETTLEMENT OF MERCHANT'S EDGE CARD
TRANSACTIONS.

     (a) NDPS shall accept MasterCard and American Express Card Transaction
         Records in electronic form from Merchants participating in the
         Merchant's Edge Program and shall transmit to the Bank in the Ordinary
         Course of NDPS' business summary information of the amounts to be
         posted to the accounts of those Merchants whose Merchant Depository
         Accounts are maintained with the Bank and shall transmit to either
         American Express or National Bank, as applicable, the transaction
         information necessary for it to settle the transactions.

     (b) The Bank agrees to credit funds from the applicable Settlement Account
         or as otherwise provided by NDPS pursuant to the Credit Facility to the
         Merchant Depository Accounts maintained with it by Merchants in the
         Ordinary Course of the Bank's business.

     (c) The Bank shall transfer funds from the applicable current account
         maintained by either National Bank or American Express at the Bank to
         the applicable Settlement Account in connection with the funds credited
         pursuant to Section 4.3(b).

     (d) In addition to the foregoing, the parties agree to comply with the
         agreement between NDPS, the Bank and National Bank of Canada and the
         agreement between NDPS, the Bank and American Express to be entered
         into with relevant Merchants in respect of the Merchant's Edge Program.

SECTION 4.4 AMENDMENTS. The parties acknowledge that the procedures set out in
Section 4 may be amended by NDPS from time to time provided that such amended
procedures are in accordance with applicable Laws, Association Rules and
Clearing System Rules and the Merchant Agreements and provided further that (i)
the Service Levels set out in SCHEDULE 3 are maintained in all material respects
(subject to amendment of such Service Levels in accordance with the provisions
of this Agreement) and (ii) there is no material adverse impact on the Bank's
cost of providing Bank Services or Transition Services.

SECTION 5. PAYMENTS AND ACCOUNTS; CLEARING ARRANGEMENTS

SECTION 5.1  General.

     (a) The Bank shall maintain internal, segregated settlement accounts (the
         "SETTLEMENT ACCOUNTS"), the sole purpose of which shall be for the Bank
         to receive funds from the Credit Card Interchange Systems and Network
         Organizations, as the case may be, in connection with the Merchant
         Business. The Bank shall make the appropriate arrangements and grant
         any necessary consents required from the Bank in order to permit NDPS
         to determine the current balance of each Settlement Account at any time
         and

                                       19
<PAGE>

         by the means best able to provide NDPS and/or GPI Canada with the most
         current balance available, including, without limitation and if
         available, by direct electronic review by NDPS and/or GPI Canada.

     (b) The Bank shall provide NDPS and/or GPI Canada a monthly statement of
         withdrawals and deposits for each Settlement Account.

     (c) The Bank shall on each Business Day after the transfers referred to in
         Sections 4.1(d), 4.2(b) and 4.3(b) have been effected, pay any
         remaining amounts in the Settlement Accounts to an account designated
         by NDPS (the "NDPS ACCOUNT").

     (d) The parties agree that, without the express written consent of both the
         Bank and NDPS, neither NDPS nor the Bank shall, except as provided
         herein, be entitled to, or to make any withdrawals or take any other
         action with respect to, the Settlement Accounts.

SECTION 5.2 WITHDRAWAL OF ACCOUNT FEES FROM MERCHANT DEPOSITORY ACCOUNTS. On a
monthly basis, or more frequently as determined by NDPS, NDPS shall direct the
Bank to withdraw funds from each Merchant Depository Account maintained with the
Bank in respect of service fees owed by the related Merchant pursuant to the
applicable Merchant Agreement and to Originate and transmit to the applicable
Clearing System a file that contains the service fees owed by the Merchant whose
Merchant Depository Account is maintained with financial institutions other than
the Bank (collectively, the "ACCOUNT Fees"). NDPS and/or GPI Canada shall, on
each Business Day, direct the Bank to withdraw funds from each Merchant
Depository Account in the amount of any applicable Chargebacks. The Bank shall
cause the Account Fees and Chargebacks, if any, to be deposited into the NDPS
Account.

SECTION 5.3 SETTLEMENT ACCOUNTS. The parties agree that the Settlement Accounts
shall be in the name of the Bank to comply with Association Rules concerning the
use by NDPS of the Bank's BIN numbers, as set forth in this Agreement.

SECTION 6. EXCLUSIVITY AND MARKETING

SECTION 6.1 REFERRAL OF POTENTIAL MERCHANTS.

     (a) The Bank shall, and shall cause its Subsidiaries or any other Person
         under its Control to, refer only to NDPS and/or GPI Canada any Person
         in the Territory who expresses interest in obtaining, referring or
         utilizing Merchant Processing Services, and neither the Bank nor any of
         its Subsidiaries, nor any other Person under its Control, shall solicit
         any such Person on their own behalf or on behalf of any Person other
         than NDPS and/or GPI Canada for Merchant Processing Services.

     (b) NDPS and/or GPI Canada shall pay the Bank an amount to be agreed upon
         from time to time by NDPS and/or GPI Canada and the Bank, acting
         reasonably, for each merchant that enters into a fully executed
         Merchant

                                       20
<PAGE>

         Agreement and that is referred to NDPS and/or GPI Canada by a branch of
         the Bank.

     (c) If NDPS and/or GPI Canada do not wish to enter into a Merchant
         Agreement with a potential merchant customer referred to NDPS and/or
         GPI Canada by the Bank, NDPS and/or GPI Canada shall notify the Bank as
         soon as reasonably practicable and, upon receipt of such notice, the
         Bank may request that NDPS and/or GPI Canada accept such merchant in
         exchange for the Bank's agreement to subsidize or otherwise contribute
         or provide rights of indemnity with respect to the Merchant Agreement.
         If NDPS and/or GPI Canada and the Bank agree upon the terms and
         conditions of such agreement, NDPS and/or GPI Canada shall accept such
         merchant subject to such arrangement.

     (d) If NDPS and/or GPI Canada do not wish to enter into a Merchant
         Agreement with a potential merchant customer referred to NDPS and/or
         GPI Canada by the Bank (and the Bank and NDPS and/or GPI Canada do not
         agree upon the subsidy or other contribution arrangements as described
         in Section 6.1(c)), or if, in the opinion of NDPS and/or GPI Canada,
         NDPS and/or GPI Canada do not have the capability of serving the
         prospective customer, NDPS and/or GPI Canada may refer such prospective
         customer to a third party selected by NDPS and/or GPI Canada that is
         acceptable to the Bank, acting reasonably.

     (e) In the event that the third party declines to enter into a merchant
         agreement or NDPS and/or GPI Canada does not refer a prospective
         customer to a third party pursuant to Section 6.1(d), then NDPS and/or
         GPI Canada shall so notify the Bank and the Bank shall have the
         opportunity to refer the merchant to another Person.

SECTION 6.2 MERCHANT DEPOSITORY ACCOUNTS During the term of the Agreement, NDPS
and/or GPI Canada shall use Commercially Reasonable Efforts to encourage new
merchant customers to whom the Merchant Business is advertised or branded in
association with the Bank Marks to open Merchant Depository Accounts with the
Bank. During the term of this Agreement NDPS shall not to solicit or encourage
Merchants who maintain their Merchant Depository Accounts with the Bank to
transfer such accounts to any other financial institution.

SECTION 6.3 NEW PRODUCTS AND SERVICES. NDPS and the Bank agree to work together
in the development, distribution and marketing of emerging payment solutions.

SECTION 7.  CHARGE-BACKS, CREDIT LOSSES AND RISK MANAGEMENT

SECTION 7.1 CHARGEBACKS AND CREDIT LOSSES.

     (a) Except as set forth in Section 7.2 and as otherwise provided in the
         Asset Purchase Agreement or the Transition Agreement, NDPS shall be

                                       21
<PAGE>

         responsible for, and reimburse the Bank in respect of, all unpaid
         Chargebacks and Credit Losses and costs of collection, if any, with
         respect to transactions with Merchants with a sales date occurring on
         or after the Effective Time under the Asset Purchase Agreement unless
         the Chargeback or Credit Loss results from the failure by the Bank to
         perform its obligations under this Agreement or the Transition
         Agreement.

     (b) NDPS shall process Chargebacks and Credit Losses relating to the
         Merchant Agreements in an expeditious manner in the Ordinary Course of
         its business.

     (c) In the event NDPS, acting reasonably, deems it prudent to establish a
         reserve (a "RESERVE ACCOUNT") for a Merchant whose Merchant Depository
         Account is maintained by the Bank, the Bank shall, if and to the extent
         permitted by the account agreement with the Merchant and by applicable
         Law, within four (4) hours of the request by NDPS, debit the amount of
         the reserve specifically requested by NDPS or place a freeze on
         withdrawals by the Merchant from the Merchant Depository Account. In
         the event the Merchant is a Key Account, the request from NDPS shall be
         considered a Key Account Notice relating to an Emergency and shall be
         dealt with in accordance with Section 2.7. The establishment of a
         Reserve Account or a freeze on a Merchant Depository Account shall not
         result in or constitute a waiver or limitation of any rights of set off
         or other rights which the Bank may have against a Merchant or in
         respect of the Merchant Depository Accounts in connection with other
         obligations of any of the Merchants to the Bank.

SECTION 7.2 PAYMENT FOR CHARGEBACKS AND CREDIT LOSSES. In respect of each twelve
month period commencing after the Effective Date, the Bank agrees to pay NDPS
the amount, if any, by which the aggregate of all unpaid Chargebacks and Credit
Losses applicable to any Merchant listed on SCHEDULE 7.2 arising out of sales
transactions occurring during such twelve month period exceeds an amount equal
to twice the value of unpaid Chargebacks and Credit Losses experienced by the
Bank and attributable to such Merchant during the one year period ending October
31, 1999. The obligation of the Bank in the preceding sentence shall survive
until the earliest to occur of (a) three years from the Effective Date of this
Agreement and (b) the later of (i) the termination of the Transition Period and,
(ii) the date on which such Merchant has entered into a New Merchant Agreement,
and (c) the date on which NDPS assigns its interest under the applicable
Assigned Merchant Agreement to a third party other than an Affiliate. NDPS shall
notify the Bank within a reasonable time after experiencing uncollected
Chargebacks and Credit Losses in respect of any such Merchant and to exercise
its Commercially Reasonable Efforts to collect all such amounts. NDPS shall act
diligently and in a commercially reasonable manner in negotiating a New Merchant
Agreement with any of the Merchants listed on SCHEDULE 7.2. As soon as NDPS
becomes aware that it has a right to payment from the Bank under this Section
7.2 in respect of a Merchant, it shall forthwith notify the Bank and the Bank
shall have no obligation to pay any amounts under this Section 7.2 that relate
to the sales transactions with the Merchant occurring

                                       22
<PAGE>

after the date that NDPS could terminate the relevant Merchant Agreement in
accordance with its terms once the Bank has been notified of its indemnification
obligation set out in this Section 7.2 in respect of the Merchant. NDPS and the
Bank agree that: (i) some of the Merchants listed on SCHEDULE 7.2 are Merchants
for whom the applicable Merchant Agreement applies to the Merchant and to
business divisions or Affiliates of the Merchant, (ii) all such divisions and
Affiliates are aggregated (together with the Merchant) for purposes of SCHEDULE
7.2, and (iii) for each such Merchant, no claim by NDPS for payment under this
Section 7.2 may be made unless the total of all unpaid Chargebacks and Credit
Losses for the relevant one-year period referred to above exceeds twice the
value of unpaid Chargebacks and Credit Losses for the one year period ending
October 31, 1999 calculated in respect of the Merchant on an aggregate basis and
not on a division-by-division or Affiliate-by-Affiliate basis.

SECTION 7.3 FOREIGN INTERCHANGE.

     (a) The parties acknowledge that, as part of the Merchant Business, the
         Bank has acquired VISA Credit Card Transactions outside of Canada for
         the payment of goods or services provided by a Merchant that is a party
         to an Existing Merchant Agreement ("FOREIGN Transactions"). If NDPS
         continues to acquire Foreign Transactions from and after the date
         hereof, the Bank shall pay to NDPS in respect of each Foreign
         Transaction an amount (the "FOREIGN INTERCHANGE AMOUNT"), if any, equal
         to the difference between:

         (i)  the Interchange Fee payable on the Foreign Transaction in
              accordance with the applicable VISA Rules; and

         (ii) an amount calculated on the same basis (but applying the
              Interchange Fee in effect at the time of calculation) that the
              Bank was using to calculate the Interchange Fee payable to VISA
              prior to November 1, 2000 for the same Foreign Transaction,

     subject to a maximum payment per Foreign Transaction equal to the payment
     that would be required based on the applicable Interchange Fees in effect
     on the date hereof.

     (b) Any Foreign Interchange Amounts calculated from time to time to be
         payable by the Bank to NDPS under Section 7.3(a) shall be paid (i) only
         for the duration of the current term, excluding renewal terms, of the
         applicable Existing Merchant Agreement, and (ii) only if and to the
         extent the pricing provisions of the applicable Existing Merchant
         Agreement cannot be amended during the current term to eliminate the
         Foreign Interchange Amount.

     (c) NDPS shall deliver a notice (a "FOREIGN INTERCHANGE NOTICE") to the
         Bank on or after the last day of each calendar month specifying the

                                       23
<PAGE>

         aggregate Foreign Interchange Amounts payable by the Bank for such
         calendar month and setting forth a calculation thereof. The Bank shall
         have the right to review the relevant books and records of NDPS to
         confirm the accuracy of NDPS's calculation of the Foreign Interchange
         Amounts. The Bank shall pay the Foreign Interchange Amounts within 10
         Business Days of receipt of the Foreign Interchange Notice.

     (d) NDPS agrees to co-operate and render all commercially reasonable
         assistance to the Bank in connection with any proceedings or
         negotiations between the Bank and VISA with respect to the
         interpretation and application of the VISA Association Rules to Foreign
         Transactions.

     (e) If, as a result of the proceedings or negotiations referred to in
         paragraph (c), the Bank is successful in obtaining a reduced
         Interchange Fee for Foreign Transactions and Purchaser receives a
         reimbursement for Foreign Transactions in respect of which the Bank has
         paid Foreign Interchange Amounts, then NDPS shall in turn pay to the
         Bank the amount of the reimbursement (to a maximum equal to the Foreign
         Interchange Amounts paid for such Foreign Transactions).

SECTION 8. MEMBERSHIP IN CREDIT CARD ASSOCIATIONS AND NETWORK ORGANIZATIONS

SECTION 8.1 VISA AND INTERAC MEMBERSHIP BY BANK. During the term of the
Agreement, the Bank shall remain a member of VISA and Interac in Canada and a
member of VISA and MasterCard in the United States through an Affiliate and to
carry out its obligations as a member thereof in the Ordinary Course.

SECTION 8.2 COMPLIANCE WITH VISA AND INTERAC REQUIREMENTS BY NDPS.

During the term of the Agreement, NDPS and/or GPI Canada shall cooperate with
the Bank in connection with NDPS and/or GPI Canada and/or the Bank obtaining and
maintaining any approvals from Credit Card Associations, Network Organizations
and Clearing Systems as are required in connection with the performance by NDPS
and/or GPI Canada of the NDPS Services. After the date that the Bank's BINs and
ICAs have been segregated as described in the Asset Purchase Agreement, NDPS
shall undertake all reporting, audit, compliance and related procedures ("BIN
REPORTING") required by the applicable Association Rules with respect to the use
of BINs and ICAs in Canada and the United States, whether such BIN Reporting is
required to be done on a regular basis or on an ad hoc basis pursuant to a
request by the relevant Card Association or any Governmental Entity. Prior to
the date that the Bank's BINs and ICAs have been segregated as described above,
the Bank shall be responsible for all required BIN Reporting.

SECTION 8.3 PROCESSING AND CLEARING ARRANGEMENTS.

     (a) During the term of this Agreement, the Bank will maintain distinct VISA
         BIN numbers adequate for use in clearing all of the Credit Card

                                       24
<PAGE>

         Transactions of NDPS' Merchant Business in Canada. In consideration for
         the Bank's performance of its obligations in the preceding sentence,
         NDPS will reimburse the Bank for all out-of-pocket costs payable to
         VISA and incurred by the Bank or any of its Affiliates in connection
         with the maintenance and operation of the Canadian BINs for NDPS'
         Merchant Business in Canada.

     (b) Promptly after the date hereof, the Bank and NDPS will in good faith
         negotiate the terms and conditions of an agreement (the "U.S. BINS
         AGREEMENT") pursuant to which, the Bank will cause a U.S. Affiliate of
         the Bank ("AMICUS") to maintain distinct VISA and MasterCard BIN and
         ICA numbers adequate for use in clearing of all the Credit Card
         Transactions of NDPS' Merchant Business in the United States (the
         "BANK'S U.S. ICAS/BINS"). Among other things, the U.S. BINs Agreement
         will contain a provision by which Amicus will agree to be bound by the
         provisions of Section 8.3(j).

     (c) The U.S. BINs Agreement will terminate if: (i) this Marketing Alliance
         Agreement is terminated in accordance with its terms; or (ii) there is
         a change in Laws or Association Rules which would adversely impact the
         Bank's ability to continue to provide the Bank's U.S. ICAs/BINs for use
         by NDPS' Merchant Business; or (iii) the Bank within its sole
         discretion elects to terminate its banking businesses in the United
         States to an extent that would make the Bank no longer eligible to
         maintain the Bank's U.S. ICAs/BINs under the applicable Association
         Rules.

     (d) If the Bank desires to terminate the U.S. BINs Agreement pursuant to
         clause (ii) or (iii) of the preceding Section 8.3(c), the Bank will
         give NDPS 365 days' prior written notice, unless a shorter notice
         period is required in order for the Bank to comply with applicable
         Laws.

     (e) The U.S. BINs Agreement will provide that NDPS will pay to Amicus a
         quarterly fee (the "NDPS USER'S FEE") based on a percentage of the
         dollar amount of all Credit Card Transactions of NDPS' Merchant
         Business in the United States (the "AGGREGATE TRANSACTION VOLUME")
         cleared through the Bank's U.S. ICAs/BINs in such quarter. Amicus and
         NDPS will negotiate annually the NDPS User's Fee in respect of the
         ensuing twelve months and such NDPS User's Fee will be on a basis
         consistent with the rates charged by other United States financial
         institutions for making their ICAs/BINs available to arm's-length
         parties having a credit rating and portfolio quality comparable to
         NDPS's credit rating and the portfolio quality in respect of NDPS'
         Merchant Business in the United States.

     (f) To facilitate the negotiation of the NDPS User's Fee and for monitoring
         purposes, NDPS will provide to Amicus and the Bank, in such reasonable
         detail and frequency as the Bank may from time to time request,

                                       25
<PAGE>

         information concerning each Merchant's transaction volume and credit
         worthiness.

     (g) The Bank will reimburse NDPS for each payment of the NDPS User's Fee
         within 30 days of receipt by Amicus of the NDPS User's Fee; provided
         that the obligation of the Bank under this Section 8.3(g) shall
         terminate on the earlier of:

         (i)  the effective date of an assignment by Amicus of the Bank's U.S.
              ICAs/BINs pursuant to Section 8.3(j); and

         (ii) 365 days after the earlier of

              (A)  the date Amicus ceases to be a Subsidiary of the Bank, and

              (B)  the date the Bank gives NDPS notice that Amicus will cease to
                   be a Subsidiary of the Bank, as long as Amicus does in fact
                   cease to be a Subsidiary.

     (h) NDPS will (i) reimburse the Bank and Amicus for all out-of-pocket costs
         payable to VISA and MasterCard incurred by the Bank or any of its
         Affiliates in connection with the maintenance and operation of the U.S.
         ICAs/BINs for use by NDPS, (ii) be responsible for the cost of all
         funding requirements applicable to the Merchant Business being
         processed through the Bank's U.S. ICAs/BINs, (iii) reimburse the Bank
         for any increase in the costs incurred by the Bank or any of its
         Affiliates that are attributable to any incremental capital commitments
         or allocations that are required to be set aside by the Bank or any of
         its Affiliates as a result of maintaining and operating the Bank's U.S.
         ICAs/BINs for NDPS' Merchant Business in the United States (which costs
         will be consistent with any charges or rates charged by the Bank
         internally for the capital allocated by the Bank to its own divisions
         and business units) and (iv) be responsible for the performance of all
         reporting, monitoring and other similar obligations under applicable
         Laws and Association Rules, consistent with market practice and as may
         be reasonably requested by the Bank from time to time, provided that,
         in each case, the amount of the NDPS User's Fee received by Amicus will
         be credited towards the amounts otherwise payable by NDPS pursuant to
         the preceding clauses (i) through (iv) and, notwithstanding clause
         (iii), the Bank will first be required to use Commercially Reasonable
         Efforts to guarantee or provide similar support in respect of the
         obligations of Amicus pursuant to the U.S. BINs Agreement, if the Bank
         is permitted or required to do so by applicable Laws and Association
         Rules, before it will be entitled to reimbursement from NDPS in respect
         of the capital costs incurred in connection with such US BINs and ICAs.

                                       26
<PAGE>

     (i) If, at any time during the term of this Agreement, the Bank is
         permitted under the applicable Association Rules to obtain a MasterCard
         BIN number or an ICA number for use in Canada, the Bank will, upon
         notice from NDPS, use Commercially Reasonable Efforts to obtain a
         MasterCard BIN number or ICA number for use by NDPS in the Merchant
         Business in accordance with this Agreement. If, at any time during the
         term of this Agreement, the Bank or any of its Affiliates is permitted
         under the applicable Association Rules to obtain a BIN number or an ICA
         number for use in any other jurisdiction, the Bank will, upon notice
         from NDPS, use Commercially Reasonable Efforts to obtain such BIN
         number or ICA number for use by NDPS in the Merchant Business in
         accordance with all provisions of this Agreement. If, during the term
         of this Agreement, there is a change of Control of NDPS or Global
         Payments, the parties will negotiate in good faith with a view to
         settling the commercial terms upon which NDPS will be permitted to
         continue to use the Bank's BINs and ICAs in connection with the
         Merchant Business. In the event that the parties are unable to reach
         agreement within twelve months from such change of Control, the Bank
         will have the right to terminate the use of the Bank's BINs and ICAs by
         NDPS and its Affiliates upon 120 days notice, which notice can be given
         at any time after such change of Control.

     (j) If NDPS desires the Bank (or the applicable Affiliate) to assign any or
         all of the ICA and/or BIN numbers used in connection with the Merchant
         Business, the Bank will (or will compel the applicable Affiliate),
         subject to applicable Laws and Association Rules and upon reasonable
         notice from NDPS, enter into an assignment agreement, in a form
         acceptable to the Bank acting reasonably, with an assignee designated
         by NDPS within a reasonable time after receipt of such notice, whereby
         such assignee will assume all of the Bank's (or the applicable
         Affiliate's) obligations and liabilities under the Bank's (or the
         applicable Affiliate's) agreement with the Credit Card Association
         issuing the ICA and/or BIN numbers as to transactions with a Credit
         Card Clearing Date occurring after the effective date of such
         assignment. Prior to the effective date of the assignment, the parties
         will in good faith determine the amendments, if any, that are required
         to this Agreement as a result of the assignment.

     (k) Subject to the terms of applicable Association Rules, NDPS may from
         time to time request that the Bank (or the applicable Affiliate) become
         the assignee of any ICA or BIN number that NDPS is then using for
         processing transactions and/or to become a party to the underlying
         merchant agreements whose Credit Card volumes are being processed under
         such ICA/BIN. Upon the request of NDPS, the Bank (or the applicable
         Affiliate) will enter into an assignment agreement, in a form
         acceptable to the Bank acting reasonably, in respect of such numbers
         from the then current owner of such ICA/BIN number and/or agree to
         become a party to the underlying merchant agreements whose Credit Card
         Transactions are being processed under such numbers it being agreed
         that

                                       27
<PAGE>

         neither the Bank nor any Affiliate of the Bank will have any
         liabilities or obligations under the assigned merchant agreements or in
         respect of such assigned BINs or ICAs other than as required to comply
         with applicable Association Rules. Any such assignment will be
         effective only as to transactions with a Credit Card Clearing Date
         occurring after the effective date of such assignment. Upon the
         assignment becoming effective, the assigned merchant agreements will be
         considered to be New Merchant Agreements for purposes of this
         Agreement.

SECTION 8.4 SPONSORSHIP. Upon the request of NDPS and/or GPI Canada, and subject
to the applicable Association Rules, the Bank agrees to use its Commercially
Reasonable Efforts to sponsor NDPS and/or GPI Canada any of its Affiliates and
any of the Independent Sales Organizations NDPS utilizes in connection with the
Merchant Business as required by the Credit Card Associations and Network
Organizations, provided that NDPS and/or GPI Canada shall reimburse the Bank in
respect of any out-of-pocket costs incurred by the Bank in respect of such
sponsorship.

SECTION 9. SERVICE LEVELS AND AMENDMENTS

SECTION 9.1 COMPLAINTS. NDPS and/or GPI Canada shall implement customer
complaint policies and procedures consistent with the Ordinary Course of its
business to deal with complaints concerning the NDPS Services.

SECTION 9.2 CHANGES IN LAW. ETC. The parties shall identify and assess the
impact on the Services of a change in applicable Laws, Association Rules or
Clearing System Rules that relate to the Services (a "LEGAL CHANGE"). If NDPS
and/or GPI Canada or the Bank becomes aware of an impending or actual Legal
Change, it shall notify the other of such Legal Change and provide an assessment
of its impact. The parties shall in good faith attempt to agree upon any
required modifications to the Services required as a result of a Legal Change.
While a party is making any agreed upon modifications resulting from a Legal
Change, it shall use Commercially Reasonable Efforts to continue to provide the
Services to be provided by it at the specified Service Levels. If, however, such
Legal Change prevents the party from meeting the Service Levels, the party shall
use its Commercially Reasonable Efforts to arrange a reasonable solution which
gives effect to the intent of this Agreement as closely as practicable and that
delivers Service in the most commercially reasonable manner in the
circumstances. If such Legal Change materially affects a party's cost of
providing Services, NDPS and/or GPI Canada and the Bank shall in good faith
negotiate an adjustment of the applicable Service Levels in accordance with
Section 9.3.

SECTION 9.3 PROBLEM NOTIFICATION. The Bank or NDPS and/or GPI Canada, shall
notify the other party in the event either the Bank or NDPS and/or GPI Canada as
the case may be becomes aware of an event, occurrence, error, defect or
malfunction materially affecting the ability of NDPS and/or GPI Canada or the
Bank to perform the Services. Failure by any party to give any notice pursuant
to this Section 9.3 relating to a problem relating to the other party shall not
relieve the other party of any liability

                                       28
<PAGE>

hereunder. If more than one problem arises or occurs at one time, the parties
shall mutually agree upon the order of priority in which the problems are to be
addressed and resolved.

SECTION 9.4 ROOT-CAUSE ANALYSIS AND RESOLUTION. Each of NDPS and/or GPI Canada
and the Bank shall, promptly after:

     (a) any material failure of either party to provide any of the Services in
         accordance with this Agreement; or

     (b) a party's repeated failure to provide any of the Services in accordance
         with this Agreement;

and in any event within three (3) days of receipt of a notice from a party to
the other in respect thereof, commence an analysis to identify the cause of such
failure; and as soon as commercially reasonable thereafter provide a report
detailing the cause of, and procedure for correcting, such failure. In addition,
the party responsible for the provision of the Service shall deliver to the
other party within a commercially reasonable time a corrective action plan that
addresses actions to be taken in an effort to try to avoid a recurrence of such
failure.

SECTION 10. SERVICE LOCATIONS AND SECURITY

SECTION 10.1 RIGHTS OF ACCESS TO NDPS SERVICE LOCATIONS. Subject to the
confidentiality requirements in this Agreement or as otherwise agreed to by NDPS
and/or GPI Canada and the Bank, the Bank and its Advisors shall be permitted
access to any NDPS Service Location during the normal operating hours for such
NDPS Service Location and in accordance with any reasonable security procedures
in effect at the time of such access; provided, however, that the Bank and its
Advisors shall, except in emergency situations, make reasonable accommodation
for the need of NDPS and/or GPI Canada to run its business unimpeded,
particularly at busy times of the year.

SECTION 10.2 NDPS SERVICE LOCATIONS. NDPS and/or GPI Canada agree that it shall
not provide any of the NDPS Services from a location outside of Canada or the
United States without obtaining all required approvals from applicable
Governmental Entities.

SECTION 10.3 SECURITY PROCEDURES. As part of the NDPS Services, NDPS and/or GPI
Canada shall implement, maintain and enforce the NDPS Security Policies and
Procedures. As part of the Bank Services, the Bank shall implement, maintain and
enforce the Bank Security Policies and Procedures.

SECTION 10.4 UNAUTHORIZED ACCESS OR COPYING. The Bank shall be given prompt
notice following NDPS and/or GPI Canada becoming aware of any unauthorized
copying of, or access to, the Bank Data, or any part thereof, such notice to be
in the form of a reasonably detailed incident report.

                                       29
<PAGE>

SECTION 10.5 DATA SECURITY. To the extent that NDPS and/or GPI Canada has,
pursuant to this Agreement, the right to gain access to or use any computer
system operated by the Bank or by an Affiliate of the Bank (a "CIBC SYSTEM"),
NDPS and/or GPI Canada acknowledges, agrees and covenants that:

     (a) except as expressly otherwise provided in this Agreement or any of the
         other Operative Documents, NDPS and/or GPI Canada shall have no right
         or title to, interest in or ownership of, any CIBC System or any
         component or portion thereof;

     (b) except as expressly otherwise provided in this Agreement or any of the
         other Operative Documents, NDPS and/or GPI Canada shall neither permit
         nor enable anyone other than its employees or Advisors to access or use
         any CIBC System or any component or portion thereof;

     (c) except as expressly otherwise provided in this Agreement or any of the
         other Operative Documents, NDPS and/or GPI Canada shall not, and shall
         not facilitate or assist others to, gain access to or use any CIBC
         System or any component thereof;

     (d) NDPS and/or GPI Canada shall not, and shall not facilitate or assist
         others to, reverse compile or disassemble any object code version of
         any software application or program in the CIBC System;

     (e) NDPS and/or GPI Canada shall not make any untrue or unsubstantiated
         claim or representation as to the ownership of, or act as the owner of,
         any CIBC System or any component or portion thereof;

     (f) NDPS and/or GPI Canada shall not, and shall not facilitate or assist
         others to, gain access to or attempt to gain access through any CIBC
         System in respect of which NDPS and/or GPI Canada has, under this
         Agreement or any other Operative Agreement, a right of access, to any
         other CIBC System or component or portion thereof which NDPS and/or GPI
         Canada do not, under this Agreement or any other Operative Agreement
         have the right to access; and

     (g) except as may otherwise be provided in this Agreement or any of the
         other Operative Documents, NDPS and/or GPI Canada shall not, nor shall
         it facilitate or assist others to, perform any act that is inconsistent
         with or in violation of this Agreement, or that may jeopardize the
         rights of the Bank, its Affiliates or any third party licensors, in the
         CIBC System.

SECTION 10.6 RIGHTS OF ACCESS TO BANK SERVICE LOCATIONS.

     (a) Subject to the confidentiality requirements in this Agreement or as
         otherwise agreed to by the parties, each of NDPS and/or GPI Canada and
         their Advisors shall be permitted access, for purposes of the Merchant
         Business, to any Bank Service Location during the normal operating
         hours

                                       30
<PAGE>

         for such Bank Service Location and in accordance with any reasonable
         security procedures in effect at the time of such access; provided,
         however, that each of NDPS and/or GPI Canada and their Advisors shall,
         except in emergencies, make reasonable accommodation for the need of
         the Bank to run its business unimpeded, particularly at busy times of
         the year.

     (b) The Bank agrees to use its Commercially Reasonable Efforts to assist
         NDPS and to request Intria Items Inc. and Intria-HP Corporation to
         assist in the migration from the Bank's platform (the "BANK PLATFORM")
         using Intria Items Inc. and Intria-HP Corporation, on which Card
         Transactions are processed, to a platform owned and operated by NDPS or
         its Affiliate including, without limitation, granting reasonable access
         to such Bank Platform, and disclosing such information related to the
         configuration, functionality and application programming interfaces of
         the Bank Platform as are reasonably required by NDPS to achieve such
         migration; provided, however, that such assistance, access and
         disclosure is subject to:

         (i)  the Bank's reasonable security and privacy policies and
              procedures;

         (ii) any obligations of confidentiality or like restrictions imposed
              upon the Bank under any agreements to which the Bank is a party.

     (c) If, in connection with such migration, NDPS and/or GPI Canada requests
         Intria Items Inc. or Intria-HP Corporation to perform services NDPS
         and/or GPI Canada shall pay the reasonable costs of Intria Items Inc.
         or Intria-HP Corporation incurred in connection with such assistance,
         access and disclosure, provided that NDPS and/or GPI Canada has agreed
         in advance to pay such costs.

SECTION 10.7 UNAUTHORIZED ACCESS OR COPYING. The Bank shall give NDPS and/or GPI
Canada prompt notice of the Bank becoming aware of any unauthorized copying of,
or access to, the NDPS Data, or any part thereof, such notice to be in the form
of a reasonably detailed incident report.

SECTION 10.8 CO-OPERATION WITH SPECIAL INVESTIGATIONS. NDPS and/or GPI Canada
and the Bank shall each provide reasonable co-operation and assistance to the
other and their respective Advisors with respect to any investigation of a
security breach or alleged breach at an NDPS Service Location or a Bank Service
Location.

SECTION 11. REPORTS AND DATA

SECTION 11.1 NDPS REPORTS. As part of the NDPS Services, NDPS shall provide to
the Bank such reports as the Bank and NDPS and/or GPI Canada may mutually agree
upon from time to time. The reasonable costs of such reports shall be borne by
the Bank

                                       31
<PAGE>

except for reports provided which are generated in the Ordinary Course of NDPS's
and/or GPI Canada's business without additional costs or undue burden.

SECTION 11.2 BANK REPORTS. As part of the Bank Services, the Bank shall provide
to NDPS and/or GPI Canada such reports as the Bank and NDPS and/or GPI Canada
may mutually agree upon from time to time. The reasonable costs of such
reporting shall be borne by NDPS and/or GPI Canada except for reports which are
generated in the Ordinary Course of the Bank's business without additional costs
or undue burden.

SECTION 11.3 OWNERSHIP OF THE BANK DATA. Notwithstanding NDPS' and/or GPI
Canada's use of the Bank Data in connection with providing the NDPS Services,
the Bank Data is and shall remain the property of the Bank or its customers, as
applicable. The Bank Data shall not be:

     (a) used in any way, directly or indirectly, by NDPS and/or GPI Canada or
         their Advisors other than to the extent necessary in connection with
         the Merchant Business and to provide the NDPS Services;

     (b) disclosed (other than pursuant to this Agreement) sold, assigned,
         leased or otherwise provided to third parties; or

     (c) commercially exploited in any way, directly or indirectly, by or on
         behalf of NDPS and/or GPI Canada or their Advisors.

SECTION 11.4 ACCESS TO THE BANK DATA. Notwithstanding NDPS' and/or GPI Canada's
use of the Bank Data in connection with providing the NDPS Services, at all
times during the term of this Agreement, NDPS and/or GPI Canada shall, subject
to Section 10, provide the Bank with unrestricted access to the Bank Data used
in connection with the Services.

SECTION 11.5 RETURN OF BANK DATA. NDPS and/or GPI Canada shall at:

     (a) the request of the Bank, at any time; and

     (b) upon the termination of this Agreement;

promptly return to the Bank the Bank Data in its then current format or formats
or in such format or formats and on the media reasonably requested by the Bank
and mutually agreed upon by the parties, or such portion of it as has been
requested by the Bank. For greater certainty, the parties acknowledge that any
material costs incurred by NDPS in connection with the transfer of the Bank Data
from those existing formats or media to those requested by the Bank shall be
borne by the Bank. For greater certainty, the Bank agrees that it shall not
request a return of the Bank Data in a manner which shall cause a material
change in the Services or request a return of the Bank Data if doing so would
otherwise restrict NDPS' and/or GPI Canada's ability to perform the NDPS
Services under this Agreement or the conduct of the Merchant Business. Following
such return, at the Bank's written direction, and upon payment by the Bank of
the costs thereof, NDPS and/or GPI Canada shall remove from its databases, erase
or destroy any the Bank Data

                                       32
<PAGE>

remaining in NDPS' and/or GPI Canada's possession, or such portion of it as the
Bank may direct. NDPS shall be relieved of its obligations to provide those
Services which require the availability of the Bank Data which have been
returned to the Bank or destroyed by NDPS in accordance with this Section 11.

SECTION 11.6 PRIVACY. The parties agree to comply with all of the requirements
of the Privacy Policies and Procedures in connection with the Assigned Merchant
Agreements and all applicable privacy Laws, Association Rules and Clearing
System Rules in connection with the provision of the Services.

SECTION 11.7 OWNERSHIP OF NDPS DATA. Notwithstanding the Bank's access to the
NDPS Data in connection with providing the Bank Services, the NDPS Data is and
shall remain the property of NDPS and/or GPI Canada or its customers, as
applicable. The NDPS Data shall not be:

     (a) used, in any way, directly or indirectly, by the Bank or its Advisors
         other than to the extent necessary in connection with providing the
         Bank Services;

     (b) disclosed (other than pursuant to this Agreement) sold, assigned,
         leased or otherwise provided to third parties; or

     (c) commercially exploited in any way, directly or indirectly, by or on
         behalf of the Bank or its Advisors.

SECTION 11.8 ACCESS TO NDPS DATA. Notwithstanding the Bank's potential access to
NDPS Data in connection with providing the Bank Services, at all times during
the term of this Agreement the Bank shall, subject to Section 10, provide NDPS
and/or GPI Canada with unrestricted access to NDPS Data used in connection with
the Services.

SECTION 11.9 RETURN OF NDPS DATA. The Bank shall at:

     (a) the request of NDPS and/or GPI Canada, at any time; and

     (b) upon the termination of this Agreement;

promptly return to the Bank the Bank Data in its then current format or formats
or in such format or formats and on the media reasonably requested by NDPS
and/or GPI Canada and mutually agreed upon by the parties, or such portion of it
as has been requested by NDPS. For greater certainty, the parties acknowledge
that any material costs incurred by the Bank in connection with the transfer of
NDPS Data from those existing formats or media to those requested by NDPS and/or
GPI Canada shall be borne by NDPS and/or GPI Canada. For greater certainty, NDPS
agrees that it shall not request a return of NDPS Data in a manner which shall
cause a material change in the Services or return the NDPS Data if doing so
would otherwise materially restrict the Bank's ability to perform the Bank
Services under this Agreement. Following such return, at NDPS' and/or GPI Canada
written direction, and upon payment by NDPS and/or GPI Canada of the costs
thereof, the Bank shall remove from its databases, erase or destroy any NDPS
Data

                                       33
<PAGE>

remaining in the Bank's possession, or such portion of it as NDPS and/or GPI
Canada may direct. The Bank shall be relieved of its obligations to provide
those Services which require the availability of NDPS Data which have been
returned to NDPS and/or GPI Canada or destroyed by the Bank in accordance with
this Section 11.

SECTION 11.10 DATA MINING. The Bank and NDPS and/or GPI Canada agree to work
together in good faith to establish each party's rights to collect, use and
distribute the information contained in payment transactions having regard to

         (i)   all applicable Laws;

         (ii)  all contractual obligations of either the Bank of NDPS and/or GPI
               Canada to any other Persons; and

         (iii) the cost of collecting or gaining access to all such information.

SECTION 12. BUSINESS RECOVERY

SECTION 12.1 BUSINESS RECOVERY PLAN. NDPS and/or GPI Canada and the Bank shall:

     (a) maintain their respective Business Recovery Plans in accordance with
         their terms;

     (b) periodically update and test the operability of their Business Recovery
         Plans;

     (c) provide the other party with written copies of Business Recovery Plan
         promptly following any amendment;

     (d) on a periodic basis, certify to the other party that the certifying
         party's applicable Business Recovery Plan has been successfully tested;

     (e) implement their respective Business Recovery Plans in accordance with
         the applicable terms;

     (f) consult with the other party regarding the priority to be given to the
         Services upon the occurrence of an event that triggers any obligation
         under either party's Business Recovery Plan; and

     (g) not amend their respective Business Recovery Plan that may materially
         affect the Merchant Business without the prior written consent of the
         other party, such consent not to be unreasonably withheld.

SECTION 12.2 FORCE MAJEURE. Neither NDPS and/or GPI Canada nor the Bank shall be
liable for a failure or delay in the performance of its obligations pursuant to
this Agreement, including the failure or delay in respect of providing the
Services if, and to the extent, and only for so long as such failure or delay is
caused, directly or indirectly,

                                       34
<PAGE>

by fire, flood, earthquake, elements of nature or acts of God, acts of war,
terrorism, riots, civil disorders, rebellions, strikes, lock outs or labour or
supply disruptions or revolutions or any other similar causes beyond the
reasonable control of such party (each, a "FORCE MAJEURE EVENT") provided NDPS
and/or GPI Canada or the Bank, as the case may be, continues to use Commercially
Reasonable Efforts to recommence performance whenever and to whatever extent
possible without delay. If a Force Majeure Event occurs, NDPS and/or GPI Canada
or the Bank, as the case may be, shall:

     (a) promptly notify the Bank or NDPS and/or GPI Canada, as the case may be,
         by telephone (to be confirmed in writing within five (5) days of the
         inception of such delay) of the occurrence of a Force Majeure Event;
         and

     (b) describe in reasonable detail the circumstances causing the Force
         Majeure Event.

SECTION 13. AUDITS, REGULATORY EXAMINATIONS AND COMPLIANCE

SECTION 13.1 AUDITS AND INSPECTIONS. Upon notice, each party shall provide such
internal auditors, external auditors, and inspectors, as the inspecting party or
any Governmental Entity having jurisdiction over NDPS and/or GPI Canada or the
Bank, as applicable, may designate, with access, as requested, to the Service
Locations for the purpose of performing audits or inspections of the NDPS
Services or the Bank Services. Each party shall provide such auditors and
inspectors any assistance that they may reasonably require, at the expense of
the requesting party. If any audit by an auditor designated by a party or a
Governmental Entity or Credit Card Association, or Network Organization having
jurisdiction over the Bank or NDPS and/or GPI Canada, as applicable, results in
a party being notified that it is not in compliance with applicable Laws,
Association Rules or Clearing System Rules the party shall, within the period of
time specified by such auditor or regulatory authority, use Commercially
Reasonable Efforts to comply with such audit or regulatory authority.

SECTION 14. TERM AND TERMINATION OF AGREEMENT

SECTION 14.1 TERM OF AGREEMENT. Unless otherwise terminated by mutual agreement
of the parties or by operation of the provisions set out herein, this Agreement
shall remain in full force and effect for an initial term of ten (10) years from
the date hereof and shall be automatically extended for successive one (1) year
periods on the same terms and conditions expressed herein, or as may be amended,
unless either party gives the other party written notice of termination at least
two hundred and seventy (270) days prior to the expiration of the initial term
or any extensions or renewals thereof. In the event the Bank and NDPS and/or GPI
Canada are unable to reach agreement on a renewal hereof or in the event of
termination in accordance with this Section, the Bank and NDPS and/or GPI Canada
agree to work together to accomplish an orderly disengagement and termination of
their relationship. Except as specifically set forth above, this Agreement may
only be terminated as a result of a Bank Default as set forth

                                       35
<PAGE>

in Section 14.2 or as a result of an NDPS Default set forth in Section 14.3 and
then only in accordance with the provisions of Section 14.4.

SECTION 14.2 BANK'S DEFAULT. In the event that:

     (a) the Bank defaults in the performance of any of the Bank Services
         hereunder where the same Service Level is not achieved in a material
         way for two consecutive months under this Agreement and a corrective
         action plan has not been developed during the 30-day period after
         written notice and demand for cure has been given by NDPS and/or GPI
         Canada to the Bank (except that such period shall be extended to the
         extent there shall be in effect any event which shall be deemed a Force
         Majeure Event);

     (b) notwithstanding any Force Majeure Event, the Bank fails to debit or
         credit the Merchant Depository Accounts in accordance with Sections
         4.1(c) or (d), 4.2(b) or 4.3(b) for three (3) Business Days, fails to
         transmit the file to the applicable Clearing System as required by
         Section 4.1(e) or 4.2(c) for three (3) consecutive Business Days, fails
         to debit the Merchant Deposit Accounts in accordance with Section 5.2
         within three (3) Business Days of the required date or fails to settle
         with Interac in accordance with Section 4.2(d) for three (3) Business
         Days or fails to ensure that the Issuing Account is adequately funded
         to meet the obligations set forth in Section 4.1(c), and such default
         is not cured within three (3) Business Days after written notice and
         demand for cure has been given by NDPS to the Bank (unless such failure
         is the result of a breach by NDPS and/or GPI Canada of its obligations
         under this Agreement); or the Bank is adjudged or declared bankrupt or
         insolvent or makes an assignment for the benefit of creditors, or
         petitions or applies to any tribunal for the appointment of a receiver,
         custodian, trustee, or similar officer for it or for any part of its
         property, or commences any proceedings relating to it under any
         reorganization, arrangement, readjustment of debt, dissolution or
         liquidation Law or statute of any jurisdiction whether now or hereafter
         in effect, or by any act indicates its consent to, approval of, or
         acquiescence in, any such proceeding for it or for any part of its
         property, or a receiver, liquidator, assignee, custodian, trustee or
         similar official is appointed for the Bank, or any of the Bank's
         property,

     (c) then, in any such case the Bank shall be considered to have committed a
         Bank Default under this Agreement.

SECTION 14.3 NDPS' AND/OR GPI CANADA'S DEFAULT. In the event that:

     (a) NDPS and/or GPI Canada defaults in the performance of any of the NDPS
         Services hereunder where the relevant Service Level is not achieved in
         a material way for two consecutive months under this Agreement and a
         corrective action plan has not been developed during the 30-day period

                                       36
<PAGE>

         after written notice and demand for cure has been given by the Bank to
         NDPS and/or GPI Canada committed a Bank Default (except that such
         period shall be extended to the extent there shall be in effect any
         event which shall be deemed a Force Majeure Event);

     (b) notwithstanding any Force Majeure Event, NDPS and/or GPI Canada fails
         to process and transmit or cease to be processed and transmitted
         information to the Bank in accordance with Sections 4.1(a), 4.2(a) and
         4.3(a) for three (3) consecutive Business Days and such default is not
         cured within three (3) Business Days after written notice and demand
         for cure has been given by the Bank to NDPS and/or GPI Canada (unless
         such failure is due to a breach of the Bank's obligations under this
         Agreement); or

     (c) NDPS and/or GPI Canada is adjudged or declared bankrupt or insolvent or
         makes an assignment for the benefit of creditors, or petitions or
         applies to any tribunal for the appointment of a receiver, custodian,
         trustee, or similar officer for it or for any part of its property, or
         commences any proceedings relating to it under any reorganization,
         arrangement, readjustment of debt, dissolution or liquidation Law or
         statute of any jurisdiction whether now or hereafter in effect, or by
         any act indicates its consent to, approval of, or acquiescence in, any
         such proceeding for it or for any part of its property, or a receiver,
         liquidator, assignee, custodian, trustee or similar official is
         appointed for NDPS and/or GPI Canada, or any of NDPS' and/or GPI
         Canada's property,

     then, in any such case, NDPS and/or GPI Canada shall be considered to have
     committed an NDPS Default under this Agreement.

SECTION 14.4 TERMINATION PERIOD. In the event this Agreement is to be terminated
as a result of a Bank Default under Section 14.2 or a NDPS Default under Section
14.3 of this Agreement, the parties agree that the term of this Agreement shall
automatically extend on the same terms and conditions as expressed herein for a
transition period of up to two hundred and seventy (270) days during which the
parties shall work together and use their Commercially Reasonable Efforts to
cause an orderly transition of the Merchant Business.

SECTION 14.5 TERMINATION OF USE OF BANK MARKS. NDPS and/or GPI Canada shall, in
accordance with Section 8.1 of the Trademark Licence Agreement, cease to use the
Bank Marks upon commencement of the 270-day period in Section 14.4 and shall
comply with the provisions of the Trademark Licence Agreement.

SECTION 15. DESIGNATION OF RESPONSIBLE PERSONNEL

SECTION 15.1 CLIENT RELATIONS REPRESENTATIVE. Each of the Bank and NDPS and/or
GPI Canada agree that it will from time to time designate one or more officers
or employees (the "CLIENT RELATIONS REPRESENTATIVE") who will be responsible for
all

                                       37
<PAGE>

communications with the other party relating to the subject matter of this
Agreement. The initial Client Relations Representatives of the Bank and NDPS
and/or GPI Canada are set forth in SCHEDULE 15 hereto.

SECTION 16.  CHANGE OF CONTROL/ASSIGNMENT

SECTION 16.1 CHANGE OF CONTROL/ASSIGNMENT.

     (a) The obligations of the Bank under Sections 6.1 and 6.3 of this
         Agreement shall terminate at the Bank's sole discretion, upon (A) an
         assignment of this Agreement by NDPS to any Person other than an
         Affiliate thereof without the written consent of the Bank; or (B) a
         change of Control of NDPS or Global Payments; or (C) an assignment by
         NDPS or an Affiliate thereof of Merchant Agreements representing all or
         substantially all of the volume of Card Transactions of the Merchant
         Business at that time.

     (b) The rights of NDPS and its Affiliates to use the Bank's BINs and ICAs
         in accordance with the provisions of this Agreement shall terminate, at
         the Bank's sole discretion, upon (A) an assignment of this Agreement by
         NDPS to any Person other than an Affiliate thereof without the written
         consent of the Bank; (B) a change of Control of NDPS or Global
         Payments; or (C) an assignment by NDPS or an Affiliate thereof of
         Merchant Agreements representing all or substantially all of the volume
         of Card Transactions of the Merchant Business at that time, such that
         NDPS, Global Payments or the Merchant Business, as the case may be, is
         Controlled by a Canadian Financial Institution.

SECTION 17.  MARKETING

SECTION 17.1 ANNUAL MARKETING PLAN. The parties agree to enter into a mutually
agreeable marketing plan and to review such plan on an annual basis.

SECTION 18. CREDIT POLICY

SECTION 18.1 APPROVAL OF MERCHANT QUALIFICATION CRITERIA. The Bank has approved
NDPS' current policies with respect to merchant qualification criteria. NDPS
agrees to adhere to such merchant qualification criteria. If NDPS makes a change
to such criteria, it shall notify the Bank and the Bank shall have five (5)
Business Days to object to such new criteria. If the Bank does not object in
writing within such time period, such new criteria shall be deemed to be
accepted by the Bank. Any objections by the Bank shall be dealt with in
accordance with Section 22.

SECTION 19. TERMINALS

SECTION 19.1 INVENTORY LEVELS. GPI Canada will use Commercially Reasonable
Efforts to maintain the inventory levels of terminals for use in the Merchant
Business at levels sufficient for the continuation of the Merchant Business in
the Ordinary Course.

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<PAGE>

SECTION 20.  INDEMNIFICATION/LIMITATION OF LIABILITY AND PROCEDURES FOR CLAIMS

SECTION 20.1 INDEMNIFICATION.

     (a) Subject to the terms of this Agreement, the Bank shall indemnify NDPS
         and/or GPI Canada and hold NDPS and/or GPI Canada harmless from any
         liability, loss, cost or expense, including reasonable attorneys' fees
         and expenses ("LOSSES") suffered by it or its Affiliates that shall
         result from or arise out of (i) the breach by the Bank of this
         Agreement, or (ii) the Bank's violation of applicable Laws, Association
         Rules and Clearing System Rules, or (iii) the negligence or intentional
         wrongdoing of the Bank; provided further that if both the Bank and NDPS
         and/or GPI Canada are jointly sued by a third party and both are deemed
         to be liable as joint tortfeasors, then the allocation of loss between
         NDPS and/or GPI Canada and the Bank shall be determined by the court.

     (b) Subject to the terms of this Agreement, NDPS and/or GPI Canada shall
         indemnify the Bank and hold the Bank harmless from any Losses suffered
         by it or its Affiliates that shall result from or arise out of (i) the
         breach by NDPS and/or GPI Canada of this Agreement, or (ii) NDPS'
         and/or GPI Canada's violation of applicable Laws, Association Rules and
         Clearing System Rules, or (iii) the negligence or intentional
         wrongdoing of NDPS and/or GPI Canada; provided further that if both the
         Bank and NDPS and/or GPI Canada are jointly sued by a third party and
         both are deemed to be liable as joint tortfeasors, then the allocation
         of loss between NDPS and/or GPI Canada and the Bank shall be as
         determined by the court.

     (c) In case any claim is made or any suit or action is commenced against
         either party by a third party in respect of which indemnification may
         be sought under this Section 20.1, the party to be indemnified
         ("INDEMNITEE") shall promptly give the indemnifying party
         ("INDEMNITOR") notice thereof and the Indemnitor shall be entitled to
         conduct the defense thereof with counsel reasonably acceptable to the
         Indemnitee or to participate in the defense thereof, at the
         Indemnitor's expense. If the Indemnitor elects to conduct any such
         defense, the Indemnitee shall be entitled to participate in such
         defense at the Indemnitee's expense. The Indemnitor may (but need not)
         conduct or participate in the defense of any such claim, suit or
         action, but the Indemnitor shall promptly notify the Indemnitee if the
         Indemnitor shall not desire to conduct or participate in the defense of
         any such claim, suit or action. The Indemnitee may at any time notify
         the Indemnitor of its intention to settle or compromise any claim, suit
         or action against the Indemnitee in respect of which payments may be
         sought by the Indemnitee hereunder (and the defense of which the
         Indemnitor has not previously elected to conduct or participate in),
         and the Indemnitee may settle or compromise any such claim, suit or
         action unless the Indemnitor

                                       39
<PAGE>

         notifies the Indemnitee in writing (within ten days after the
         Indemnitee has given the Indemnitor written notice of its intention to
         settle or compromise) that the Indemnitor reasonably objects to such
         settlement or compromise or intends to conduct the defense of such
         claim, suit or action. Any such settlement or compromise of or any
         final judgment or decree entered on or in any claim, suit or action
         that the Indemnitee has agreed to or defended or participated in the
         defense of in accordance herewith shall be deemed to have been
         consented to by, and shall be binding upon, the Indemnitor as fully as
         if the Indemnitor had assumed the defense thereof and a final judgment
         or decree had been entered in such suit or action, or with regard to
         such claim, by a court of competent jurisdiction for the amount of such
         settlement, compromise, judgment or decree.

     (d) In case any direct claim in made in respect of which indemnification
         may be sought under this Section 20.1, the Indemnitee shall promptly
         give notice to the Indemnitor, which shall specify the factual basis
         for the claim and the amount of such claim. The Indemnitor shall have
         sixty (60) days from receipt of notice of the claim within which to
         make such investigation of the claim as the Indemnitor considers
         necessary or desirable. For the purpose of such investigation, the
         Indemnitee shall make available to the Indemnitor reasonable
         documentation to substantiate the claim, together with all such other
         information as the Indemnitor may reasonably request. If both parties
         agree at or before the expiration of such time period (or any mutually
         agreed upon extension thereof) to the validity and amount of such
         claim, the Indemnitor shall immediately pay to the Indemnitee the full
         agreed upon amount of the claim, but failing such agreement the matter
         shall be referred to the dispute resolution procedures set out in this
         Agreement.

SECTION 20.2 LIMITATION OF LIABILITY.

     (a) Neither NDPS (and/or GPI Canada) nor the Bank shall be liable for
         failure to provide the NDPS Services or the Bank Services,
         respectively, if such failure is due to any Force Majeure Event
         affecting the party not performing, or affecting one of their
         subcontractors provided that the party hereto affected by such Force
         Majeure Event cause or condition uses Commercially Reasonable Efforts
         to resume performing its obligations hereunder as soon as practicable.
         Neither NDPS and/or GPI Canada nor the Bank shall have any liability
         for losses, expenses or damages, ordinary, special or consequential of
         the other party resulting directly or indirectly from such causes or
         conditions.

     (b) NDPS and/or GPI Canada agrees to provide the NDPS Services in a prompt
         and efficient manner and to use Commercially Reasonable Efforts to
         comply with the Service Levels set forth on Schedule 3; however,
         failure to comply with the Service Levels shall not be considered a
         default condition unless the provisions of Section 14.3(a) regarding
         the default

                                       40
<PAGE>

         conditions have been satisfied. NDPS and/or GPI Canada make no
         warranties or representations regarding the NDPS Services except as
         specifically stated in this Agreement. NDPS and/or GPI Canada shall use
         due care in performing all NDPS Services hereunder and in complying
         with all Association Rules, Network Organization rules or Clearing
         System Rules, including, but not limited to, those concerning the
         processing of Chargebacks and Credit Losses, dispute resolutions, and
         arbitration. NDPS and/or GPI Canada shall not be responsible in any
         manner for errors or failures of any Person other than those of NDPS
         and/or GPI Canada, any Affiliate of NDPS and/or GPI Canada or any
         Merchant Accounting Processor or Independent Sales Organization
         designated by NDPS. THIS WARRANTY IS EXCLUSIVE AND IS IN LIEU OF ALL
         OTHER WARRANTIES, AND THE BANK HEREBY WAIVES ALL OTHER WARRANTIES,
         EXPRESS, IMPLIED, OR STATUTORY INCLUDING, BUT NOT LIMITED TO, ANY
         WARRANTY OF MERCHANTABILITY OR FITNESS FOR USE FOR A PARTICULAR
         PURPOSE. Should there be any failure in performance or errors or
         omissions, NDPS and/or GPI Canada shall use Commercially Reasonable
         Efforts to correct such failure in performance or errors or omissions.
         Except as the result of a third party claim subject to Section 20.1(a),
         in no event shall NDPS and/or GPI Canada be liable to the Bank or other
         third parties for special, indirect, or consequential damages, even if
         NDPS and/or GPI Canada has been advised of the possibility of such
         damage.

     (c) The Bank agrees to provide the Bank Services in a prompt and efficient
         manner and to use Commercially Reasonable Efforts to comply with the
         Service Levels set forth on SCHEDULE 3; however, failure to comply with
         the Service Levels shall not be considered a default condition unless
         the provisions of Section 14.2(a) regarding the default conditions have
         been satisfied. The Bank makes no warranties or representations
         regarding the Bank Services except as specifically stated in this
         Agreement. The Bank shall use due care in performing all the Bank
         Services hereunder and in complying with all Association Rules, Network
         Organization rules or Clearing System Rules, including but not limited
         to those concerning membership and its sponsorship of NDPS and/or GPI
         Canada. The Bank shall not be responsible in any manner for errors or
         failures of any Person other than those of the Bank or any Affiliate of
         the Bank. THIS WARRANTY IS EXCLUSIVE AND IS IN LIEU OF ALL OTHER
         WARRANTIES, AND NDPS HEREBY WAIVES ALL OTHER WARRANTIES, EXPRESS,
         IMPLIED, OR STATUTORY INCLUDING, BUT NOT LIMITED TO, ANY WARRANTY OF
         MERCHANTABILITY OR FITNESS FOR USE FOR A PARTICULAR PURPOSE. Should
         there be any failure in performance or errors or omissions, the Bank
         shall use Commercially Reasonable Efforts to correct such failure in
         performance or errors or omissions. Except as the result of a third
         party claim subject to Section 20.1(b), in no event shall Bank be

                                       41
<PAGE>

         liable to NDPS and/or GPI Canada or any third parties for any special,
         indirect, or consequential damages, even if the Bank has been advised
         of the possibility of such damage.

SECTION 20.3 RECOVERY. If, at any time, either the Bank or NDPS and/or GPI
Canada has received damages from the other party and recovers funds, payments,
or costs from a third party relating to the liability in respect of which such
damages were paid, the amounts so recovered (less the costs of recovery and
amounts previously paid to the other party in respect of the Loss) shall be
remitted to such other party up to the amounts previously paid by such party.

SECTION 20.4 NOTICE OF DEFAULT. Each party all promptly notify the other party
if a default or event of default with respect to it has occurred hereunder.

SECTION 20.5 NOTICE OF LITIGATION. Each party shall promptly give notice to the
other party of any material claims, proceedings, disputes (including labour
disputes), changes or litigation likely or impending which may have a material
effect on the fulfilment of any of the terms hereof by it (whether or not any
such claim, change, proceeding, dispute or litigation is covered by insurance)
of which it is aware. It shall provide the other party with all information
reasonably requested, from time to time, concerning the status of such claims,
proceedings, changes, disputes, litigation or developments.

SECTION 21. REMEDIES

SECTION 21.1 REMEDIES OF THE BANK. Upon the occurrence of an NDPS Default under
this Agreement, after attempting to resolve the matter pursuant to the dispute
resolution provisions set out in this Agreement, the Bank may do any or all of
the following as the Bank, in its sole and absolute discretion, shall determine:

     (a) the Bank may terminate this Agreement in accordance with the provisions
         hereof, in which case all of the Bank's rights and obligations under
         the Merchant Agreements shall automatically be assigned and assumed
         absolutely by NDPS and/or GPI Canada at the commencement of the 270-day
         period in Section 14.4 and NDPS and/or GPI Canada shall notify
         Merchants that the Bank is no longer engaged in the provision of
         services in connection with the Merchant Business;

     (b) the Bank may bring any proceedings in the nature of specific
         performance, injunction, or other equitable remedy in any instance, it
         being acknowledged that damages at Law may be an inadequate remedy for
         a default of the confidentiality provisions of this Agreement
         applicable to NDPS and/or GPI Canada under this Agreement;

     (c) subject to the limitations contained herein, the Bank may bring any
         action at Law as may be necessary or advisable in order to recover
         damages and costs; and/or

                                       42
<PAGE>

     (d) the Bank may exercise any of its other rights and remedies provided for
         hereunder or otherwise available to it, including a waiver of any NDPS
         Default;

SECTION 21.2 REMEDIES OF NDPS AND/OR GPI CANADA. Upon the occurrence of a Bank
Default under this Agreement, after attempting to resolve the matter pursuant to
the dispute resolution provisions set out in this Agreement, NDPS may do any or
all of the following as NDPS, in its sole and absolute discretion, shall
determine:

     (a) NDPS may terminate this Agreement in accordance with the provisions
         hereof, in which case all of the rights and obligations under the
         Merchant Agreements shall automatically be assigned and assumed by NDPS
         and/or GPI Canada at the commencement of the 270-day period in Section
         14.4 and NDPS and/or GPI Canada shall notify Merchants that the Bank is
         no longer engaged in the provision of services in connection with the
         Merchant Business;

     (b) NDPS may bring any proceedings in the nature of specific performance,
         injunction or other equitable remedy, it being acknowledged that
         damages at Law may be an inadequate remedy for a default of the
         confidentiality provisions of this Agreement applicable to the Bank
         under this Agreement;

     (c) subject to the limitations contained herein, NDPS and/or GPI Canada may
         bring any action at Law as may be necessary or advisable in order to
         recover damages and costs; and/or

     (d) NDPS may exercise any of its other rights and remedies provided for
         hereunder or otherwise available to it, including a waiver of any Bank
         Default.

SECTION 21.3 NON-EXCLUSIVE REMEDIES. The non-defaulting party may, in its sole
discretion, exercise any right or recourse and/or proceed by any action, suit,
remedy or proceeding against the defaulting party authorized hereunder or
permitted by Law and may proceed to exercise any and all rights hereunder and no
remedy for the enforcement of the rights of the non-defaulting party shall be
exclusive of any other rights or remedies provided hereunder or at Law or in
equity or be dependent upon any such right or remedy and any one or more of such
rights or remedies may from time to time be exercised independently or in
combination. All such rights shall be subject to the limitation of liability
contained herein.

SECTION 21.4 EQUITABLE REMEDIES. The defaulting party agrees that the
non-defaulting party's entitlement to seek equitable relief includes such
injunction or injunctions as may be required to prevent breaches or further
breaches of any of the provisions hereof, and specific enforcement of such
provisions by an action instituted in any court having jurisdiction.

                                       43
<PAGE>

SECTION 22. DISPUTE RESOLUTION

SECTION 22.1 INITIAL DISPUTE RESOLUTION. If any dispute, claim, question or
difference (a "DISPUTE") arises out of or in relation to this Agreement, the
Bank or NDPS and/or GPI Canada shall contact the other party's Client Relations
Representative. The parties' respective Client Relations Representatives shall
meet and use their Commercially Reasonable Efforts to negotiate with each other
in good faith and understanding of their mutual interests, to reach a just and
equitable resolution to the Dispute within ten (10) Business Days of such
referral.

SECTION 22.2 RESOLUTION BY COMMITTEE. If the Dispute cannot be resolved through
the process set out in Section 22.1, the Dispute shall be referred by the party
who initially raised the complaint (the "INITIATING PARTY") to a committee
comprised the Chief Executive Officer of NDPS, and a senior officer designated
by the Bank. Such committee members shall use their Commercially Reasonable
Efforts and negotiate in good faith and understanding of the parties' mutual
interests, to reach a just and equitable resolution to the Dispute within ten
(10) Business Days of such referral.

SECTION 22.3 RESOLUTION BY JOINT DIRECTOR COMMITTEE. If the Dispute cannot be
resolved through the process set out in Section 22.2, the Dispute shall be
referred by the Initiating Party to the Joint Director Committee. The Joint
Director Committee shall meet and use its best efforts and negotiate with each
other in good faith and understanding of the Parties mutual interests to reach a
just and equitable resolution to the Dispute within ten (10) Business Days of
such referral.

SECTION 22.4 ARBITRATION. If a Dispute is not resolved pursuant to Section 22.3,
NDPS and/or GPI Canada and the Bank agree, but shall not be obligated, within
sixty (60) days after the completion of the procedures set forth in Section
22.3, as appropriate, upon notice, to submit the Dispute to formal binding
Arbitration in accordance with Section 22.5. If at any time a party commences
litigation regarding such Dispute, no Arbitration may subsequently be commenced
by the other Party regarding such Dispute without the consent of the parties
involved in the litigation.

SECTION 22.5 ARBITRATION PROCESS. If the parties agree to formal binding
Arbitration the following procedures shall apply.

     (a) The Arbitration shall be held before a panel of three (3) arbitrators
         (the "ARBITRATION"). Any party may serve a notice on the other party
         setting out a statement of dispute, controversy or claim and the facts
         relating or giving rise thereto, in reasonable detail (the "STATEMENT
         OF DISPUTE"), and the name of the arbitrator selected by it.

     (b) Within thirty (30) days after receipt of such notice, the receiving
         party shall respond to the notice by agreeing or commenting on the
         Statement of Dispute, as the case may be, and by naming its arbitrator.

                                       44
<PAGE>

     (c) The two arbitrators named by the parties shall select the third
         arbitrator within ten (10) days after agreeing on or commenting on the
         Statement of Dispute.

     (d) The third arbitrator will chair the Arbitration panel (the "Chair").
         The Chair may, upon agreement of each of the members of the Arbitration
         panel, act as sole arbitrator in respect of procedural matters
         including scheduling, production of documents and giving directions.

     (e) Save as otherwise provided by this Section 22.5, the Arbitration shall
         be governed by the provisions of the Arbitration Act, S.O. 1991, C.17
         (the "ARBITRATION ACT"); provided, however, that the Arbitration may be
         administered by any organization agreed upon by the parties and that
         the parties by agreement, may choose to be governed by the rules of
         such administering organization. The parties expressly agree that the
         provisions of the International Commercial Arbitration Act (Ontario)
         shall not apply to any Arbitration between them. The arbitrators may
         not amend or disregard any provision of this Section 22.5 without the
         consent of the parties.

     (f) The arbitrators selected to act hereunder shall be qualified by
         profession or occupation to decide the matter in dispute.

     (g) Submission of Written Statements.

         (i)  Within fifteen (15) days of notice to the parties of the
              appointment of the third arbitrator, each of the parties shall
              submit written statements to the Chair setting out in sufficient
              detail the facts and any contentions of Law on which it relies, or
              the facts and any contentions of Law on which the other party
              relies that it disputes, and the relief such party claims, if any.
              Each party shall have ten (10) days from the date on which the
              written statements were received to reply to the written statement
              submitted by the other party.

         (ii) After submission of all the statements, the arbitrators may
              give directions for documentary production and
              disclosure/discovery of each party's case, and for further conduct
              of the Arbitration bearing in mind the desirability of having cost
              effective and expeditious dispute resolution on the merits of the
              case. In the absence of agreement between the parties on
              production and discovery procedures within thirty (30) days of the
              last day for delivery of the written statements and replies
              described in Section 8.05(g)(i), Rules 30, 31, 32, 34 and 35 of
              the Ontario Rules of Civil Procedure regarding production and
              discovery will apply to the Arbitration, excepting that the
              arbitrators shall exercise any powers or fulfil any duties set out
              in those Rules that

                                       45
<PAGE>

               would otherwise (in an action) be exercised or fulfilled by the
               court or a judge.

         (iii) The arbitrators may, upon application by any party, modify or
               extend any time limit contained in this Section 22.5, including
               any time limit in the above rules.

     (h) Confidentiality. Save and except as may be necessary in the course of
         the enforcement of an Arbitration award, the Arbitration process and
         all Persons participating therein shall be subject to the
         confidentiality provisions as set out in this Agreement. The
         arbitrators and all other Persons (not already bound by the
         confidentiality provisions of this Agreement) participating in the
         Arbitration shall execute an undertaking to be bound by the
         confidentiality provisions set out in this Agreement. For greater
         certainty, the parties agree that the Arbitration shall proceed in the
         event that any other Person refuses to sign a confidentiality
         undertaking or agreement.

     (i) Meetings and Hearings.

         (i)   Meetings and hearings of the Arbitration shall take place in
               Toronto or in such other place as the parties shall agree upon in
               writing and such meetings and hearings shall be conducted in the
               English language unless otherwise agreed by such parties and the
               arbitrators. Subject to the foregoing, the arbitrators may at any
               time fix the date, time and place of meetings and hearings in the
               Arbitration, and will give all the Parties adequate notice
               thereof. Subject to any adjournments which the arbitrators allow,
               the final hearing will be continued on successive Business Days
               until it is concluded.

         (ii)  All meetings and hearings will be in private unless the parties
               otherwise agree.

         (iii) Any party may be represented at any meetings or hearings by legal
               counsel.

         (iv)  At the Arbitration, each party may examine and re-examine its own
               witnesses and may cross-examine the other party's witness.

     (j) The Decision.

         (i)  The arbitrators will make and send a decision in writing to the
              parties within thirty (30) Business Days after the conclusion of
              all hearings referred to in Section 22.5(i) unless that time
              period is extended for a fixed period by the arbitrators on
              written notice to each party because of illness or other cause
              beyond the arbitrators'

                                       46
<PAGE>

               control and, unless the parties otherwise agree, will set out
               reasons for decision in the decision.

         (ii)  The decision of the majority of the arbitrators shall be deemed
               to be the decision of the Arbitration panel. Where there is no
               majority decision, the decision of the Chair shall be the
               decision of the Arbitration panel.

         (iii) Except as provided in the Arbitration Act and as otherwise
               required by Law, the decision of the arbitrators shall be final
               and binding on the parties and shall not be subject to any appeal
               or review procedure, provided that the arbitrators have followed
               the rules and procedures provided herein in good faith and have
               proceeded in accordance with the principles of natural justice.

SECTION 23. MISCELLANEOUS

SECTION 23.1 AMENDMENTS, ETC. No amendment or waiver of any provision of this
agreement, and no consent to any departure by the Bank or NDPS and/or GPI Canada
herefrom, shall be effective unless the same shall be in writing and signed by
each party sought to be bound thereby, and then such waiver or consent shall be
effective only in the specific instance and for the specific purpose for which
given.

SECTION 23.2 NOTICES. All notices required hereunder shall be delivered to the
following names and addresses:

     (a) If to the Bank, to:    Canadian Imperial Bank of Commerce
                                c/o CIBC World Markets Inc.
                                161 Bay Street, BCE Place,7th Floor
                                Toronto, Ontario M5J 2J8
                                Attn: Executive Vice President, Card Products,
                                Collections and Merchant Card Services
                                Facsimile: (416) 784-6868
         with a copy to:
                                Canadian Imperial Bank of Commerce
                                Legal and Compliance Division
                                199 Bay Street, 15th Floor
                                Commerce Court West
                                Toronto, Ontario M5L 1A2
                                Attn: General Counsel
                                Facsimile: (416) 304-2860

         and to:                Blakes, Cassels & Graydon LLP
                                199 Bay Street, 28th Floor
                                Commerce Court West
                                Toronto, Ontario M5L 1A9

                                       47
<PAGE>

                                Attn: Managing Partner
                                Facsimile: (416) 863-2653

     (b) If to NDPS, Global Payments
         or GPI Canada to:      Global Payments Inc.
                                #4 Corporate Square
                                Atlanta, Georgia 30329-2010
                                Attn.: Office of the Corporate Secretary
                                Facsimile: (404) 728-2990

The persons or addresses to which mailings or deliveries shall be made may be
changed from time to time by notice given pursuant to the provisions of this
Section 23.2. Any notice, demand or other communication given pursuant to the
provisions of this Section 23.2. shall be deemed to have been given on the date
actually delivered or five days following the date deposited in the mail,
properly addressed, postage prepaid, as the case may be.

SECTION 23.3 NO WAIVER; REMEDIES. No failure by the Bank or NDPS and/or GPI
Canada to exercise, and no delay in exercising, any right under this Agreement
shall operate as a waiver thereof; nor shall any single or partial exercise of
any right under this Agreement preclude any other or further exercise thereof or
the exercise of any other right. The remedies provided in this Agreement are
cumulative and not exclusive of any remedies provided by Law.

SECTION 23.4 THIRD-PARTY BENEFICIARIES. Neither party to this Agreement intends
this Agreement to benefit or create any right or cause of action in or on behalf
of any Person other than the Bank and NDPS and/or GPI Canada and permitted
successors and assigns.

SECTION 23.5 ASSIGNMENT.

     (a) This Agreement shall be binding upon and inure to the successors and
         permitted assigns. This Agreement and all rights, privileges, duties
         and obligations of the parties hereto may not be assigned by any party
         without the prior written consent of the other party; provided,
         however, that no such consent shall be required (i) for the assignment
         by any party of its rights and privileges hereunder to an Affiliate of
         either party or (ii) for the assignment and delegation by any party of
         its rights, privileges, duties and obligations hereunder to any Person
         into or with which the assigning party shall merge or consolidate or to
         which the assigning party shall sell all or substantially all its
         assets.

     (b) The consent of a party to any assignment by the other party shall not
         (i) relieve that party of any of its obligations under this Agreement;
         or (ii) constitute the other party's consent to further assignment.

                                       48
<PAGE>

SECTION 23.6 GOVERNING LAW, ATTORNMENT This Agreement shall be governed by, and
construed in accordance with, the laws of the Province of Ontario and the laws
of Canada applicable therein.

SECTION 23.7 ENTIRE AGREEMENT. This Agreement embodies the entire understanding
of the parties with respect to the subject matter hereof, and there are no
further or other agreements or understandings, written or oral, in effect
between the parties relating to the subject matter of this Agreement.

SECTION 23.8 INDEPENDENT CONTRACTOR. Except as expressly provided herein,
nothing herein contained shall be construed as constituting a partnership or
joint venture between NDPS and/or GPI Canada and the Bank and each party
specifically disclaims any liability for the conduct, performance of services or
failure to act of the other party. Except as specifically described in this
Agreement, each party intends that it shall be considered an independent
contractor of the other for the services performed by it under this Agreement.

SECTION 23.9 SEVERABILITY. Whenever possible, each provision of this Agreement
will be interpreted in such manner as to be effective and valid under applicable
Law, but if any provision of this Agreement is held to be prohibited by or
invalid under applicable Law, such provision will be ineffective only to the
extent of such prohibition or invalidity, without invalidating the remainder of
such provision or the remaining provisions of this Agreement. In such an event
the parties shall use good faith efforts to re-negotiate any such provision in
an effort to retain the spirit and intent of the original provision.

SECTION 23.10 EXECUTION IN COUNTERPARTS. This Agreement may be executed by the
parties hereto in separate counterparts, each of which when so executed shall be
deemed to be an original and all of which taken together shall constitute one
and the same agreement.

SECTION 23.11 CONFIDENTIALITY. During the term of this Agreement and for a
period of five (5) years thereafter, the Bank, its Affiliates, and their
employees, agents and representatives shall treat the NDPS Data as confidential
and will not use or disclose such information to third parties except as
required by Law, as needed in connection with any lawsuit, claim, litigation or
other proceeding or in connection with tax or regulatory matters, and except to
the extent that such information (other than information relating to the
Merchant Business or the Assets Sold as defined in the Asset Purchase Agreement)
was otherwise known to the Bank prior to disclosure by NDPS and/or GPI Canada or
already in the public domain (or subsequently entering the public domain other
than as a result of the breach of the Bank's obligations under this Section).
During the term of this Agreement and for a period of five (5) years thereafter,
NDPS, its Affiliates, and their employees, agents and representatives shall
treat the Bank Data as confidential and will not disclose such information to
third parties except as required by Law, as needed in connection with any
lawsuit, claim, litigation or other proceeding or in connection with tax or
regulatory matters, and except to the extent that such information was otherwise
known to NDPS and/or GPI Canada prior to disclosure by the Bank or already in
the

                                       49
<PAGE>

public domain (or subsequently entering the public domain other than as a
result of the breach of NDPS' and/or GPI Canada's obligations under this
Section).

SECTION 23.12 JOINT ANNOUNCEMENT; CONFIDENTIALITY. The Bank and NDPS agree not
to publicly disclose the transactions contemplated by this Agreement, provided,
however, that promptly after the date hereof, after prior consultation with each
other as to the substance and form of the public disclosure, the Bank and NDPS
and/or GPI Canada shall make individual announcements or a joint announcement
concerning the execution of this Agreement. Any subsequent press releases or
public announcements regarding this Agreement and the processing relationship
created thereby shall be approved by both parties prior to such public
disclosure or announcement.

SECTION 23.13 WAIVER OF JURY TRIAL. The Bank and NDPS and/or GPI Canada agree
that any suit, action, or proceedings, brought or instituted by either party
hereto which in any way relates, directly or indirectly, to this Agreement or
any event, transaction, or occurrence arising out of or in any way connected
with this Agreement or the dealings of the parties with respect thereto, shall
be tried only by a court and not by a jury. THE BANK AND NDPS HEREBY EXPRESSLY
WAIVE ANY RIGHT TO A TRIAL BY JURY IN ANY SUCH SUIT, ACTION, OR PROCEEDING. The
Bank and NDPS and/or GPI Canada acknowledge and agree that this provision is a
specific and material aspect of this Agreement between the parties and that
neither party would enter into this Agreement if this provision were not part
thereof.

                                       50
<PAGE>

SECTION 23.14 TIME OF ESSENCE. Time is of the essence of this Agreement.

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

                            CANADIAN IMPERIAL BANK OF COMMERCE

                              By: /s/ Christine Croucher
                                 ---------------------------------------
                                     Name: Christine Croucher
                                     Title:

                              By: /s/ David A. Caldwell
                                 ---------------------------------------
                                     Name: David A. Caldwell
                                     Title:

                            NATIONAL DATA PAYMENT SYSTEMS, INC., ON ITS OWN
                            BEHALF AND AS GUARANTOR OF THE OBLIGATIONS OF
                            GLOBAL CANADA

                              By: /s/ Suellyn P. Tornay
                                 ---------------------------------------
                                    Name:  Suellyn P. Tornay
                                    Title: General Counsel

                            GLOBAL PAYMENTS CANADA INC.

                              By: /s/ Suellyn P. Tornay
                                 ---------------------------------------
                                     Name: Suellyn P. Tornay
                                     Title: General Counsel

The obligations of National Data Payment Systems, Inc. and Global Payments
Canada Inc. hereunder are hereby guaranteed by GLOBAL PAYMENTS INC.

                              GLOBAL PAYMENTS INC.

                              By: /s/ Suellyn P. Tornay
                                 ---------------------------------------
                                     Name: Suellyn P. Tornay
                                     Title: General Counsel

                                       51
<PAGE>

                                  SCHEDULE 2.5

                             NEW MERCHANT AGREEMENTS

                  To be mutually agreed upon by the parties.

                                       52
<PAGE>

                                  SCHEDULE 2.7

                                  KEY ACCOUNTS

                  To be mutually agreed upon by the parties.

                                       53
<PAGE>

                                   SCHEDULE 3

                                 SERVICE LEVELS

                  To be mutually agreed upon by the parties.

                                       54
<PAGE>

                                  SCHEDULE 7.2

              CHARGEBACKS AND CREDIT LOSSES ON CERTAIN ACCOUNTS

                  To be mutually agreed upon by the parties.

                                       55
<PAGE>

                                SCHEDULE 10.3(A)

                      NDPS SECURITY POLICIES AND PROCEDURES

                  To be mutually agreed upon by the parties.

                                       56
<PAGE>

                               SCHEDULE 10.3(B)

                      BANK SECURITY POLICIES AND PROCEDURES

                  To be mutually agreed upon by the parties.

                                       57
<PAGE>

                                SCHEDULE 11.6

                      BANK PRIVACY POLICIES AND PROCEDURES

                  To be mutually agreed upon by the parties.

                                       58
<PAGE>

                                 SCHEDULE 15

                   INITIAL CLIENT RELATIONS REPRESENTATIVE

                  To be mutually agreed upon by the parties.

                                       59
<PAGE>

SECTION 1.  DEFINITIONS AND INTREPRETATION...................................1

SECTION 1.1 Certain Defined Terms............................................1

SECTION 1.2 Headings and Table of Contents...................................9

SECTION 1.3 Number and Gender................................................9

SECTION 1.4 Performance on Business Days.....................................9

SECTION 1.5 References......................................................10

SECTION 1.6 Section and Schedule References.................................10

SECTION 1.7 Parties.........................................................10

SECTION 2.  MERCHANT AGREEMENTS.............................................10

SECTION 2.1 Assigned Merchant Agreements....................................10

SECTION 2.2 Further Assignment of Rights Under Merchant Agreements
            During the Term.................................................11

SECTION 2.3 Further Assignment of Rights Under Assigned Merchant
            Agreements Upon the Expiry of the Term..........................12

SECTION 2.4 Termination, Modification of Assigned Merchant Agreements.......12

SECTION 2.5 New Three Party Merchant Agreements.............................12

SECTION 2.6 Power of Attorney...............................................14

SECTION 2.7 Key Accounts....................................................14

SECTION 3.  SERVICES........................................................15

SECTION 3.1 NDPS Services...................................................15

SECTION 3.2 Bank Services...................................................15

SECTION 3.3 Licences and Permits............................................15

SECTION 4.  DEPOSIT AND SETTLEMENT PROCEDURES...............................15

SECTION 4.1 Acceptance, Delivery, and Settlement of Credit Card
            Transaction Records.............................................15

SECTION 4.2 Acceptance, Delivery, and Settlement of  Debit Card
            Transaction Records.............................................18

SECTION 4.3 Acceptance, Delivery and Settlement of Merchant's Edge Card
            Transactions....................................................19

SECTION 4.4 Amendments......................................................19

section 5.  PAYMENTS AND ACCOUNTS; CLEARING ARRANGEMENTS....................19

SECTION 5.1 General.........................................................19

SECTION 5.2 Withdrawal of Account Fees from Merchant Depository Accounts....20

SECTION 5.3 Settlement Accounts.............................................20

SECTION 6.  EXCLUSIVITY AND MARKETING.......................................20
<PAGE>

SECTION 6.1 Referral of Potential Merchants.................................20

SECTION 6.2 Merchant Depository Accounts....................................21

SECTION 6.3 New Products and Services.......................................21

SECTION 7.  CHARGE-BACKS, CREDIT LOSSES AND RISK MANAGEMENT.................21

SECTION 7.1 Chargebacks and Credit Losses...................................21

SECTION 7.2 Payment for Chargebacks and Credit Losses.......................22

SECTION 7.3 Foreign Interchange.............................................23

SECTION 8.  MEMBERSHIP IN CREDIT CARD ASSOCIATIONS AND NETWORK
            ORGANIZATIONS...................................................24

SECTION 8.1 VISA and Interac Membership by Bank.............................24

SECTION 8.2 Compliance with VISA and Interac Requirements by NDPS...........24

SECTION 8.3 Processing and Clearing Arrangements............................24

SECTION 8.4 Sponsorship.....................................................28

SECTION 9.  SERVICE LEVELS AND AMENDMENTS...................................28

SECTION 9.1 Complaints......................................................28

SECTION 9.2 Changes in Law. etc.............................................28

SECTION 9.3 Problem Notification............................................28

SECTION 9.4 Root-Cause Analysis and Resolution..............................29

SECTION 10. SERVICE LOCATIONS AND SECURITY..................................29

SECTION 10.1  Rights of Access to NDPS Service Locations....................29

SECTION 10.2  NDPS Service Locations........................................29

SECTION 10.3  Security Procedures...........................................29

SECTION 10.4  Unauthorized Access or Copying................................29

SECTION 10.5  Data Security.................................................30

SECTION 10.6  Rights of Access to Bank Service Locations....................30

SECTION 10.7  Unauthorized Access or Copying................................31

SECTION 10.8  Co-operation with Special Investigations......................31

SECTION 11. REPORTS AND DATA................................................31

SECTION 11.1  NDPS Reports..................................................31

SECTION 11.2  Bank Reports..................................................32

SECTION 11.3  Ownership of the Bank Data....................................32

SECTION 11.4  Access to the Bank Data.......................................32

SECTION 11.5  Return of Bank Data...........................................32
<PAGE>

SECTION 11.6  Privacy.......................................................33

SECTION 11.7  Ownership of NDPS Data........................................33

SECTION 11.8  Access to NDPS Data...........................................33

SECTION 11.9  Return of NDPS Data...........................................33

SECTION 11.10 Data Mining...................................................34

SECTION 12. BUSINESS RECOVERY...............................................34

SECTION 12.1  Business Recovery Plan........................................34

SECTION 12.2  Force Majeure.................................................34

section 13. AUDITS, REGULATORY EXAMINATIONS AND COMPLIANCE..................35

SECTION 13.1  Audits and Inspections........................................35

SECTION 14. TERM AND TERMINATION OF AGREEMENT...............................35

SECTION 14.1  Term of Agreement.............................................35

SECTION 14.2  Bank's Default................................................36

SECTION 14.3  NDPS' and/or GPI Canada's Default.............................36

SECTION 14.4  Termination Period............................................37

SECTION 14.5  Termination of Use of Bank Marks..............................37

SECTION 15. DESIGNATION OF RESPONSIBLE PERSONNEL............................37

SECTION 15.1  Client Relations Representative...............................37

SECTION 16. Change of control/assignment....................................38

SECTION 16.1  Change of Control/Assignment..................................38

SECTION 17. MARKETING.......................................................38

SECTION 17.1  Annual Marketing Plan.........................................38

SECTION 18. CREDIT POLICY...................................................38

SECTION 18.1  Approval of Merchant Qualification Criteria...................38

SECTION 19. TERMINALS.......................................................38

SECTION 19.1  Inventory Levels..............................................38

SECTION 20. INDEMNIFICATION/LIMITATION OF LIABILITY AND PROCEDURES FOR
            CLAIMS..........................................................39

SECTION 20.1  Indemnification...............................................39

SECTION 20.2  Limitation of Liability.......................................40

SECTION 20.3  Recovery......................................................42

SECTION 20.4  Notice of Default.............................................42

SECTION 20.5  Notice of Litigation..........................................42
<PAGE>

SECTION 21. REMEDIES........................................................42

SECTION 21.1  Remedies of the Bank..........................................42

SECTION 21.2  Remedies of NDPS and/or GPI Canada............................43

SECTION 21.3  Non-Exclusive Remedies........................................43

SECTION 21.4  Equitable Remedies............................................43

SECTION 22. DISPUTE RESOLUTION..............................................44

SECTION 22.1  Initial Dispute Resolution....................................44

SECTION 22.2  Resolution by Committee.......................................44

SECTION 22.3  Resolution by Joint Director Committee........................44

SECTION 22.4  Arbitration...................................................44

SECTION 22.5  Arbitration Process...........................................44

SECTION 23. MISCELLANEOUS...................................................47

SECTION 23.1  Amendments, Etc...............................................47

SECTION 23.2  Notices.......................................................47

SECTION 23.3  No Waiver; Remedies...........................................48

SECTION 23.4  Third-Party Beneficiaries.....................................48

SECTION 23.5  Assignment....................................................48

SECTION 23.6  Governing Law, Attornment.....................................49

SECTION 23.7  Entire Agreement..............................................49

SECTION 23.8  Independent Contractor........................................49

SECTION 23.9  Severability..................................................49

SECTION 23.10 Execution in Counterparts.....................................49

SECTION 23.11 Confidentiality...............................................49

SECTION 23.12 Joint Announcement; Confidentiality...........................50

SECTION 23.13 Waiver of Jury Trial..........................................50

SECTION 23.14 Time of Essence...............................................51

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