Document:

EXHIBIT
10.66

 

[*] designates portions
of this document that have been omitted pursuant to a request for confidential
treatment filed separately with the Securities and Exchange Commission.

 

THIRD
AMENDMENT TO TECHNOLOGY SERVICES AGREEMENT

 

This THIRD AMENDMENT (“Third
Amendment”) to the September 19th,
2007, Technology Services Agreement as previously amended (the “Agreement”) by
and between Republic Bank & Trust Company (“Republic”), a Kentucky
banking corporation, and Jackson Hewitt Technology Services LLC (“JHTSL”), a
Delaware limited liability company, is effective as of the 29th day of
December, 2009.

 

RECITALS

 

WHEREAS, Republic and
JHTSL entered into the Agreement on September 19, 2007.

 

WHEREAS, Republic and
JHTSL amended the Agreement on December 2, 2008 and November 23,
2009.

 

WHEREAS, Republic and
JHTSL desire to amend certain terms of the Agreement.

 

NOW, THEREFORE, in
consideration of the mutual promises, covenants and agreements set forth below
and other good and valuable consideration, the receipt and sufficiency of which
is hereby acknowledged, Republic and JHTSL do hereby agree to amend the
Agreement as follows:

 

AMENDMENTS

 

1.                                       The definition of “Resource Rate” in Section 1.1
(g) (iii) is modified to read as follows:

 

(g)                                 [*].

 

2.                                       Section 1.5 (c) is modified to
read as follows:

 

(c)          For each of the 2010, 2011 and 2012 Tax Seasons,
Republic shall make a payment to JHTSL of [*].

 

3.                                       The following language is added to Section 1.5:

 

(g)                                 With respect to each Tax Season, Republic
shall have the right to withhold the respective 2010, 2011 and/or 2012 February and/or
March payments under Section 1.5 of this Agreement and the Additional
Fees under Section 1.6 of this Agreement if Republic, reasonably
determines (i) on February 26, 2010 and/or the last business day February of
2011 and/or 2012 that there has been a material adverse change that will likely
result in the Designated ERO Locations failing to provide services to [*]; (ii) on or before March 31,
2010, March 31, 2011 and/or March 31, 2012 that the Republic
Customers who have obtained RALs during the corresponding Tax Season will
likely have, in the aggregate, a RAL delinquency in excess of [*] on August 31, 2010, August 31,
2011 and/or August 31, 2012; or (iii) on or before March 31,
2010, March 31, 2011 and/or March 31, 2012 that due to JHI’s, JHTSL’s,
and/or a Designated ERO’s lack of compliance with Republic’s policies and
procedures, Republic has and/or will likely be required to conduct additional
audits, take corrective action and/or incur regulatory fines or penalties, or
suffers or will likely suffer other additional financial costs due to such
noncompliance; and in each case of (i), (ii) and/or (iii) above, to
the extent Republic has, or reasonably expects to, suffer such resulting harm.
Any such determinations shall be made in good faith by Republic and are subject
to providing JHI with written notice no later than the date defined in each
section of such determination including a detailed explanation of the reasons
for such determination and detail of harm incurred or expected to be incurred.
In the event Republic exercises this Section 1.5 (g), the parties agree to
immediately begin dispute resolution proceedings as described in Section 10
of this Agreement. In the event any such notice is given, Republic shall have a
duty to provide updates to JHI (and any additional information or documentation
reasonably requested by JHI) regarding such resulting harm, including, without
limitation, actual costs, expenses and losses and to deliver to JHI any amount
withheld in excess of such actual costs, 

 

1

 

expenses and losses. JHI
shall have the right to seek confirmation of such claims, by audit or
otherwise. This section is in addition to and does not replace or negate the
provisions of Section 9.4 of the Program Agreement. The dates set forth in
this Section relate to each respective Tax Season only.

 

4.                                       Section 1.6 is modified to read as
follows:

 

1.6                                 Additional Fees. For each Tax Season under this Agreement,
Republic shall pay additional consideration to JHTSL for additional services
performed and additional resources required to support expansion in the Program
over such Tax Seasons. [*].

 

5.                                       Section 2.2 shall be modified to
read as follows:

 

2.2                                 Training. JHTSL shall offer to all participating
EROs training regarding Bank Products, and shall further require all
participating EROs to satisfactorily complete such training. In connection
therewith, JHTSL agrees to (i) submit said training program to Republic
for prior review and approval, and (ii) incorporate Republic’s ERO
compliance and operational training into such training program. JHTSL
understands and agrees that Republic may offer and/or require participating
EROs to receive additional training with respect to Bank Products.

 

6.                                       Section 5.1 shall be modified to
read as follows:

 

5.1                                 Term. This Agreement shall be effective upon
its execution and applicable to the Program for Tax Seasons 2010, 2011 and 2012
and all related periods. This Agreement shall terminate and expire on October 31,
2012, unless extended by written agreement of the parties (the “Term”).

 

7.                                       Schedule A of the Agreement shall be
nullified and replaced with Schedule A, attached hereto which Schedule shall be
applicable for each of the 2010, 2011 and 2012 Tax Seasons.

 

8.                                       Republic and JHTSL enter into this Third
Amendment only for the purposes stated herein. Unless otherwise amended herein,
all other terms and conditions of the Agreement remain unchanged and in full
force and effect.

 

IN WITNESS WHEREOF, this
Third Amendment has been executed and delivered by a duly authorized officer of
each party as of the date set forth above.

 

	
  REPUBLIC BANK & TRUST COMPANY

  	
   

  	
  JACKSON HEWITT TECHNOLOGY
  SERVICES LLC

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  By:

  	
  /s/ William R. Nelson

  	
   

  	
  By:

  	
  /s/ Daniel P. O’Brien

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Name:

  	
  William R. Nelson

  	
   

  	
  Name:

  	
  Daniel P. O’Brien

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Title:

  	
  President – TRS

  	
   

  	
  Title:

  	
  EVP & CFO

  

 

2

 

Schedule A

 

[*] designates portions of this document that have
been omitted pursuant to a request for confidential treatment filed separately
with the Securities and Exchange Commission.

 

[*]

 

3EXHIBIT
10.67

 

[*] designates portions
of this document that have been omitted pursuant to a request for confidential
treatment filed separately with the Securities and Exchange Commission.

 

AMENDMENT
TO MARKETING AND SERVICING AGREEMENT

 

This
is an AMENDMENT dated as of December 27, 2009 (the “Amendment”), to the
MARKETING AND SERVICING AGREEMENT, entered into and effective November 30,
2009 (the “Agreement”), and is between JTH Tax, Inc. d/b/a Liberty Tax
Service, a Delaware corporation, with a principal place of business at 1716
Corporate Landing Parkway, Virginia Beach, VA 23454 (“Licensee”) and REPUBLIC
BANK & TRUST COMPANY, with a principal place of business at 601 West
Market Street, Louisville, KY, 40202 (“Republic”).

 

RECITALS

 

A.           Capitalized Terms that are not defined herein shall
have the meanings given them in the Agreement.

 

B.             Effective November 30, 2009, Republic and
Licensee entered into the Agreement whereby Republic makes available to Clients
of Licensee EROs its Bank Products, in accordance with the terms and conditions
of the Agreement.

 

C.             Licensee and Republic desire to amend the Agreement to
provide that Licensee’s Designated ERO Locations (as defined below) offer only
Republic’s Bank Products to Clients and to make other related amendments to the
Agreement, all in accordance with the terms and conditions set forth below.

 

AGREEMENT

 

In consideration of the
mutual promises set forth herein, the parties intending to be legally bound,
agree as indicated above and as follows:

 

1.)                License/Marks. Section 1 of the Agreement is
amended to replace the last sentence of Section 1 with the following:
Licensee shall discontinue, and shall require
its EROs to discontinue, all use of the Republic marks upon the expiration or
termination of this Agreement and, upon request by Republic, will return all
materials provided by Republic.

 

2.)                Duties of Licensee. Section 2.d. of the Agreement is
amended to read in its entirety as follows: Licensee agrees that Designated ERO
Locations (as defined in Section 2.k. below) accepted to participate in
the Bank Product Program will not be permitted to submit, through Licensee or
otherwise, applications for Bank Products or substantially similar bank
products to any bank product provider other than Republic without prior written
approval by Republic. EROs found to be participating in both Republic’s Bank
Product Program and other bank programs will be terminated from Republic’s Bank
Product Program. Republic may accept or
reject Designated ERO Locations based on criteria developed by Republic, which
will be consistent with the criteria used by Republic in accepting or rejecting
other tax preparers for similar tax product programs. EROs that are not
accepted by Republic may offer RAL and
other similar bank products from other financial institutions. If
Republic rejects one or more EROs, Licensee will designate additional ERO
locations [*] pursuant to Section 2.k. below. Customers of an ERO that do
not satisfy the criteria to become RAL Clients remain eligible for ERC or ERD
Bank Products through Republic.

 

3.)                Section 2.f. of the Agreement is amended to read
in its entirety as follows: Licensee shall offer to EROs training regarding
Bank Products, and shall further require EROs to satisfactorily complete such
training. In connection therewith, Licensee agrees to (i) submit said
training program to Republic for prior review and approval, and (ii) incorporate
Republic’s ERO compliance and operational training into such training program.
Licensee understands and agrees that Republic may offer and/or require EROs to
receive additional training with respect to Bank Products.

 

4.)                Section 2.g. of the Agreement is amended to
replace the last sentence in that section with the following: Licensee and
Republic shall agree in advance to the amount of any transmitter or similar fee, and will not withhold their agreement to
any such fee that is consistent with industry standards.

 

5.)           Section 2.j. of the Agreement is amended to read
in its entirety as follows: Licensee agrees to comply with the Licensee
Procedures as set out below and to require
all of Licensee’s EROs to comply with the ERO Agreement.

 

1

 

6.)                A new Section 2.k. is added to read as follows: On or prior to [*] and on or before [*]
of subsequent years of the Agreement, as amended, Licensee shall designate
Republic as the sole and exclusive provider of Bank Products under the Bank
Product Program for ERO locations that [*] (the “Designated ERO Locations”);
provided, however, that (i) on or
prior to [*] of subsequent years of the Agreement, Licensee may designate
Republic as the sole and exclusive Bank Product provider under the Bank Product
Program for additional ERO locations [*] and (ii) Licensee may,
only with Republic’s mutual understanding and prior written agreement, also
designate Republic as the sole and exclusive Bank Product provider under the
Bank Product Program for additional ERO locations [*]

 

7.)                A new Section 2.l. is added to read
as follows: To the extent that Clients
request disbursement of the proceeds of any Bank Product on a debit or similar
prepaid card, Republic shall cause such disbursement to be made on the prepaid
cards made available to Clients by Licensee and its EROs.

 

8.)                A new Section 2.m. is
added to read as follows: (i) Licensee shall pay to Republic an amount equal to [*]
during the tax season ending during such year who have obtained RALs from Republic pursuant to this Agreement
based upon Republic’s RAL history as measured on [*.] No later than [*] of each
year, Republic shall deliver to Licensee the detail of the calculation of such
amount. Republic will provide Licensee with additional detailed information reasonably requested by Licensee to validate
such calculation. Licensee will make the payment to Republic no later than [*]
of each year. If Licensee disputes Republic’s calculation, such disagreement
shall be resolved pursuant to the dispute resolution procedures set forth in
this Agreement and Licensee shall not make any payment until such dispute is
resolved.

 

(ii) Republic shall
utilize substantially the same care, criteria, diligence and procedures in
accepting or rejecting RAL applications from, and in collecting RALs made to,
Clients of Licensee and its EROs as it utilizes in accepting, rejecting and
collecting similar applications and obligations from clients of other tax
preparers to which it makes available similar tax product programs.

 

9.)                Term of Agreement. Section 7.a. of the Agreement is
amended to read in its entirety as follows: Term.
The term of this Agreement and license shall begin on the effective date, as
stated above, and terminate on October 16, 2012. This Agreement shall only
be renewable by mutual written consent of both parties.

 

10.)          Section 7.b. of the Agreement is amended to read
in its entirety as follows: Early Termination.
Notwithstanding Section 7.a. above, Republic may, at its option, terminate
this Agreement for the 2011 or 2012 tax season, respectively, by giving written
notice of termination to Licensee by [*] or [*] respectively. In addition,
Republic may terminate this Agreement upon ten (10) days prior written
notice to Licensee in the event that legal or regulatory-requirements
make the Bank Product Program materially unworkable or infeasible for Republic.
Furthermore, Republic may terminate this agreement upon ten (10) days
prior written notice if (i) Licensee is in material default in the
performance of any of its obligations or duties under this Agreement (and fails
to cure such default within the above 10 day notice period); (ii) Licensee
becomes insolvent or a petition in bankruptcy is filed on behalf of or against
Licensee and such petition is not
dismissed within 90 days of its filing; (iii) Licensee undergoes a
change in ownership that results in a
change of more than 50% in the composition of its Board of Directors; or
(iv) the IRS withdraws or materially changes the implementing revenue
procedures sanctioning RALs, with material adverse impact upon the Bank Product Program as set forth under
this Agreement. Licensee may, at its option, terminate this Agreement upon ten (10) days
prior written notice to Republic in the event that legal or regulatory
requirements affecting Licensee make the Bank Product Program materially
unworkable or infeasible for Licensee. Furthermore, Licensee may terminate this
agreement upon ten (10) days prior written notice if (i) Republic is
in material default in the performance of any of its obligations or duties
under this Agreement (and fails to cure such default within the above 10 day
notice period); (ii) Republic becomes insolvent or a petition in
bankruptcy is filed on behalf of or against Republic and such petition is not dismissed within 90 days of its filing; (iii) Republic
undergoes a change in ownership that
results in a change of more than 50% in the composition of its Board of
Directors; (iv) the IRS withdraws or materially changes the
implementing revenue procedures sanctioning RALs, with material adverse impact upon the Bank Product
Program as set forth under this Agreement.

 

11.)          Audit. Section 9 of the Agreement is amended to add the
following at the end of that Section: Specifically, Licensee shall, and shall require an ERO to, provide to Republic
upon its written request within three (3) days of such request Bank Product
documentation and information
about a Client or Clients or one or more EROs.

 

12.)          Survival.  Section 12
of the Agreement is amended to read in its entirety as follows: Sections 6 and 8- 22 shall survive the termination or expiration of this Agreement.

 

2

 

13.)          Entire Agreement. Section 13 of the Agreement shall
be amended in its entirety to read as follows: The Agreement, as amended, and
together with the ERO Agreement (to the
extent applicable to Licensee), constitutes the entire agreement between
the parties and supersedes all prior agreements and understandings, whether
written or oral, relating to the subject matter of this Agreement.

 

14.)          Unless specifically amended as provided for herein,
the Agreement shall remain in full force and effect and additionally, each
party hereto acknowledges and confirms that all representations and warranties
set forth in the Agreement are true and correct as of the date hereto.

 

IN WITNESS WHEREOF,
Licensee and Republic have executed this Agreement on the date indicated below.

 

	
  Republic
  Bank & Trust Company

  	
   

  	
  JTH Tax, Inc.

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Signature:

  	
  /s/ William R. Nelson

  	
   

  	
  Signature:

  	
  /s/ Mark F. Baumgartner

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Name:
  William R. Nelson

  	
   

  	
  Name: Mark F.
  Baumgartner

  
	
   

  	
   

  	
   

  
	
  Title: President – TRS

  	
   

  	
  Title: VP &
  CFO

  
	
   

  	
   

  	
   

  
	
  Date: December 27, 2009

  	
   

  	
  Date:
  December 27, 2009

  

 

3

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