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             INDEMNIFICATION AGREEMENT

   THIS INDEMNIFICATION AGREEMENT is made as of this __

day of May, 2007, by and between USA TECHNOLOGIES, INC., a 

Pennsylvania corporation (the “Company”), and

_____________________________

(“Indemnitee”). 

   WHEREAS, highly competent persons have become more 

reluctant to serve corporations as directors or officers 

unless they are provided with adequate protection through 

insurance or adequate indemnification against risks of 

claims and actions against them arising out of their 

service to and activities on behalf of the corporation; and

   WHEREAS, the Board of Directors of the Company has

determined that the difficulty in attracting and retaining 

such persons is detrimental to the best interests of the 

Company’s shareholders and that the Company should act to 

assure such persons that there will be increased certainty 

of such protection in the future; and

   WHEREAS, the Company desires to attract and retain the 

services of highly qualified individuals, such as 

Indemnitee, to serve as officers or directors of the 

Company, and to indemnify its officers and directors so as 

to provide them with the maximum protection permitted by 

law. 

   NOW, THEREFORE, the Company and Indemnitee, intending 

to be legally bound, hereby agree as follows: 

      1. Indemnification.

   a)Third Party Proceedings. The Company shall 

indemnify Indemnitee if Indemnitee is or was a party or is 

threatened to be made a party to any threatened, pending or 

completed action, suit or proceeding, whether civil, 

criminal, administrative or investigative (other than an 

action by or in the right of the Company) by reason of the 

fact that Indemnitee is or was a director or officer of the 

Company or any affiliate of the Company, or by reason of 

any action or inaction on the part of Indemnitee while an 

officer or director of the Company or any affiliate of the 

Company, or by reason of the fact that Indemnitee is or was 

serving at the request of the Company as a director, 

officer, employee or agent of another corporation, 

partnership, joint venture, trust or other enterprise, 

against Expenses, judgments, fines and amounts paid in 

                                                            1

settlement actually and reasonably incurred by Indemnitee 

in connection with such action, suit or proceeding. 

Indemnitee shall only be entitled to indemnification under 

the prior sentence if Indemnitee acted in good faith and in 

a manner Indemnitee reasonably believed to be in or not 

opposed to the best interests of the Company, and, with 

respect to any criminal action or proceeding, had no 

reasonable cause to believe Indemnitee’s conduct was 

unlawful. The termination of any action, suit or proceeding 

by judgment, order, settlement, conviction, or upon a plea 

of nolo contendere or its equivalent, shall not, in and of 

itself, create a presumption that (i) Indemnitee did not 

act in good faith and in a manner which Indemnitee 

reasonably believed to be in or not opposed to the best 

interests of the Company, and, (ii) with respect to any 

criminal action or proceeding, Indemnitee did not have 

reasonable cause to believe his conduct was lawful. 

   b)Proceedings By or in the Right of the Company. 

The Company shall indemnify Indemnitee if Indemnitee was or 

is a party or is threatened to be made a party to any 

threatened, pending or completed action or suit by or in 

the right of the Company or any subsidiary of the Company 

to procure a judgment in its favor by reason of the fact 

that Indemnitee is or was a director or officer of the 

Company or any affiliate of the Company, or by reason of 

any action or inaction on the part of Indemnitee while an 

officer or director of the Company or any affiliate of the 

Company, or by reason of the fact that Indemnitee is or was 

serving at the request of the Company as a director, 

officer, employee or agent of another corporation, 

partnership, joint venture, trust or other enterprise, 

against Expenses actually and reasonably incurred by 

Indemnitee in connection with the defense or settlement of 

such action or suit. Indemnitee shall only be entitled to 

indemnification under the prior sentence if Indemnitee

acted in good faith and in a manner Indemnitee reasonably 

believed to be in or not opposed to the best interests of 

the Company, except that no indemnification shall be made 

in respect of any claim, issue or matter as to which 

Indemnitee shall have been adjudged to be liable to the 

Company unless and only to the extent that the court in 

which such action or suit was brought shall determine upon 

application that, despite the adjudication of liability but 

in view of all the circumstances of the case, Indemnitee is 

fairly and reasonably entitled to indemnity for such 

Expenses which the court shall deem proper. 

                                                  2

   c)Mandatory Indemnification. To the extent that 

Indemnitee has been successful on the merits or otherwise 

in defense of any action, suit or proceeding referred to in 

Sections 1(a) or 1(b) or in defense of any claim, issue or 

matter therein, Indemnitee shall be indemnified against 

Expenses actually and reasonably incurred by Indemnitee in 

connection therewith.

   d)Definition of Expenses. For purposes of this 

Agreement, the term “Expenses” shall include all attorneys’ 

fees, retainers, court costs, transcript costs, fees of 

experts, witness fees, travel expenses, duplicating costs, 

printing and binding costs, telephone charges, postage, 

delivery service fees and any and all other disbursements 

or expenses of the types customarily incurred in connection 

with prosecuting, defending, preparing to prosecute or 

defend, investigating, participating, or being or preparing 

to be a witness in any applicable action, suit or 

proceeding, whether civil, criminal, administrative or 

investigative. “Expenses” shall also include expenses 

incurred in connection with any appeal resulting from an 

action, suit or proceeding, including without limitation 

the premium, security for, and other costs relating to any 

cost bond, supersedeas bond, or other appeal bond or its 

equivalent.

      2. Expenses and Indemnification Procedure.

   a)Advancement of Expenses. Notwithstanding any 

other provision of this Agreement, the Company shall pay to 

Indemnitee, in advance of the final disposition of any 

action, suit, or proceeding referred to in Section 1(a) or 

Section 1(b), all Expenses incurred by Indemnitee in 

connection with the investigation, defense, settlement or 

appeal of any such action, suit or proceeding within thirty 

(30) days after the receipt by the Company of a statement 

or statements from the Indemnitee requesting such advance 

or advances from time to time. Such statement or statements 

shall reasonably evidence the Expenses incurred by 

Indemnitee and shall include or be preceded or accompanied 

by an undertaking to repay such amounts advanced only if, 

and to the extent that, it shall ultimately be determined 

that Indemnitee is not entitled to be indemnified by the 

Company as authorized hereby. Any such advances shall be 

unsecured and interest free. The financial ability of 

Indemnitee to repay any advance shall not be a prerequisite 

to the making of any such advance.

                                                            3

   b)Procedures and Presumptions for Determination 

of Entitlement to Indemnification. It is the intent of this 

Agreement to secure for Indemnitee rights of indemnity that 

are as favorable as may be permitted under the Pennsylvania 

Business Corporation Law of 1988, as amended, and public 

policy of the Commonwealth of Pennsylvania. Accordingly, 

the parties agree that the following procedures and 

presumptions shall apply in the event of any question as to 

whether Indemnitee is entitled to indemnification under 

this Agreement:

      i) To obtain indemnification under this 

Agreement, Indemnitee shall submit to the Company a 

written request, including therein or therewith such 

documentation and information as is reasonably 

available to Indemnitee and is reasonably necessary to 

determine whether and to what extent Indemnitee is 

entitled to indemnification. Notice to the Company 

shall be directed to: USA Technologies, Inc., 100 

Deerfield Lane, Suite 140, Malvern, Pennsylvania 19355 

(or to such other address as the Company may from time 

to time designate in writing to Indemnitee). The 

Company shall, promptly upon receipt of such a request 

for indemnification, advise the Board of Directors in 

writing that Indemnitee has requested indemnification.

In addition, Indemnitee shall give the Company such 

information and cooperation as it may reasonably 

require and as shall be within Indemnitee’s power.

      ii) Upon written request by Indemnitee for 

indemnification pursuant to the first sentence of 

Section 3(b)(i) hereof, a determination, if required 

by applicable law, with respect to Indemnitee’s 

entitlement thereto shall be made in the specific case 

by one of the following three methods, which shall be 

at the election of the board: (1) by the board of 

directors by a majority vote of a quorum consisting of 

disinterested directors; (2) if such a quorum is not 

obtainable or if obtainable and a majority vote of a 

quorum of disinterested directors so directs, by 

Independent Legal Counsel in a written opinion, a copy 

of which shall be delivered to the Indemnitee, or (3) 

if so directed by the Board of Directors, by the 

shareholders of the Company. For purposes hereof, 

disinterested directors are those members of the Board 

of Directors of the Company who are not parties to the 

                                                 4

action, suit or proceeding in respect of which 

indemnification is sought by Indemnitee.

      iii) For purposes of this Agreement, 

“Independent Legal Counsel” shall mean a law firm, or 

a member of a law firm, that is experienced in matters 

of corporation law and neither presently is, nor in 

the past five years has been, retained to represent: 

(i) the Company or Indemnitee in any matter material 

to either such party (other than with respect to 

matters concerning Indemnitee under this Agreement, or 

of other indemnitees under similar indemnification 

agreements), or (ii) any other party to the proceeding

giving rise to a claim for indemnification hereunder.

Notwithstanding the foregoing, the term “Independent 

Legal Counsel” shall not include any person who, under 

the applicable standards of professional conduct then 

prevailing, would have a conflict of interest in 

representing either the Company or Indemnitee in an 

action to determine Indemnitee’s rights under this 

Agreement. The Company agrees to pay the reasonable 

fees of the Independent Legal Counsel referred to 

above and to fully indemnify such counsel against any 

and all Expenses, claims, liabilities and damages 

arising out of or relating to this Agreement or its 

engagement pursuant hereto.

      iv) In making a determination with respect 

to entitlement to indemnification hereunder, the 

person or persons or entity making such determination 

shall presume that Indemnitee is entitled to 

indemnification under this Agreement. Anyone seeking 

to overcome this presumption shall have the burden of 

proof and the burden of persuasion by clear and 

convincing evidence. Neither the failure of the 

Company (including by its directors or Independent 

Legal Counsel) to have made a determination prior to 

the commencement of any action pursuant to this 

Agreement that indemnification is proper in the 

circumstances because Indemnitee has met the 

applicable standard of conduct, nor an actual 

determination by the Company (including by its 

directors or Independent Legal Counsel) that 

Indemnitee has not met such applicable standard of 

conduct, shall be a defense to the action or create a 

presumption that Indemnitee has not met the applicable 

standard of conduct.

                                                    5

      v) The Company acknowledges that a settlement 

or other disposition short of final judgment may be 

successful if it permits a party to avoid expense, 

delay, distraction, disruption and uncertainty. In the 

event that any action, claim or proceeding to which 

Indemnitee is a party is resolved in any manner other 

than by adverse judgment against Indemnitee 

(including, without limitation, settlement of such 

action, claim or proceeding with or without payment of 

money or other consideration) it shall be presumed for 

purposes of Section 1(c) that Indemnitee has been 

“successful on the merits or otherwise” in such 

action, suit or proceeding. For purposes of Section 

1(c), the term “successful on the merits or otherwise” 

shall include, but not be limited to, (i) any 

termination, withdrawal, or dismissal (with or without 

prejudice) of any claim, action, suit or proceeding 

against Indemnitee without any express finding of 

liability or guilt against him, or (ii) the expiration 

of a reasonable period of time after the making of any 

claim or threat of an action, suit or proceeding 

without the institution of the same and without any 

promise or payment made to induce a settlement. Anyone 

seeking to overcome the presumptions set forth in this 

subsection shall have the burden of proof and the 

burden of persuasion by clear and convincing evidence.

      vi) The termination of any proceeding or of 

any claim, issue or matter therein, by judgment, 

order, settlement or conviction, or upon a plea of 

nolo contendere or its equivalent, shall not (except 

as otherwise expressly provided in this Agreement) of 

itself adversely affect the right of Indemnitee to 

indemnification or create a presumption that 

Indemnitee did not act in good faith and in a manner 

which he reasonably believed to be in or not opposed 

to the best interests of the Company or, with respect 

to any criminal proceeding, that Indemnitee had 

reasonable cause to believe that his conduct was 

unlawful.

   c)Procedure. Any indemnification and advances 

provided for in Section 1 hereof and this Section 2 shall 

be made no later than thirty (30) days after receipt of the 

written request of Indemnitee, coupled with appropriate 

documentation to support the requested payment. If a claim 

under this Agreement is not paid in full by the Company 

                                                   6

within thirty (30) days after receipt of a fully documented 

written request for payment thereof has first been received 

by the Company, Indemnitee may, but need not, at any time 

thereafter bring an action against the Company to recover 

the unpaid amount of the claim and, subject to Section 13 

hereof, Indemnitee shall also be entitled to be paid for 

the Expenses of bringing such action. It shall be a defense 

to any such action (other than an action brought to enforce 

a claim for Expenses incurred in connection with any 

action, suit or proceeding in advance of its final 

disposition) that Indemnitee has not met the standards of 

conduct which make it permissible under applicable law for 

the Company to indemnify Indemnitee for the amount claimed, 

but the burden of proving such defense shall be on the 

Company, and Indemnitee shall be entitled to receive 

interim payments of Expenses pursuant to Section 2(a) 

hereof unless and until such defense may be finally 

adjudicated by court order or judgment from which no 

further right of appeal exists. It is the parties’ 

intention that if the Company contests Indemnitee’s right 

to indemnification or advancement of Expenses, the question 

of Indemnitee’s right to indemnification or advancement of 

Expenses shall be for the court to decide, and neither the 

failure of the Company (including its Board of Directors, 

any committee or subgroup of the Board of Directors, 

Independent Legal Counsel, or its shareholders) to have 

made a determination that indemnification of, or 

advancement of Expenses to, Indemnitee is proper in the 

circumstances because Indemnitee has met the applicable 

standard of conduct required by applicable law, nor an 

actual determination by the Company (including its Board of 

Directors, any committee or subgroup of the Board of 

Directors, Independent Legal Counsel, or its shareholders) 

that Indemnitee has not met such applicable standard of 

conduct, shall create a presumption that Indemnitee has or 

has not, as the case may be, met the applicable standard of 

conduct. 

    d)Notice to Insurers. If, at the time of the 

receipt of a notice of claim pursuant to Section 2 (a) or 

2(b) hereof, the Company has directors’ and officers’ 

liability insurance in effect, the Company shall give 

prompt notice of the commencement of such proceeding to the 

insurers in accordance with the procedures set forth in the 

respective policies. The Company shall thereafter take all 

necessary or desirable action to cause such insurers to 

pay, on behalf of Indemnitee, all amounts payable as a 

                                                      7

result of such proceeding in accordance with the terms of 

such policies. 

   e)Selection of Counsel. If the Company shall be 

obligated under Section 1 or Section 2 hereof to pay the 

Expenses of any proceeding against Indemnitee, the Company, 

if appropriate, shall be entitled to assume the defense of 

such proceeding, with counsel approved by Indemnitee, upon 

the delivery to Indemnitee of written notice of its 

election to do so. After delivery of such notice, approval 

of such counsel by Indemnitee and the retention of such 

counsel by the Company, the Company will not be liable to 

Indemnitee under this Agreement for any fees of counsel 

subsequently incurred by Indemnitee with respect to the 

same proceeding; provided that (i) Indemnitee shall have 

the right to employ separate counsel in any such proceeding 

at Indemnitee’s expense; and (ii) if (A) the employment of 

counsel by Indemnitee has been previously authorized by the 

Company, (B) Indemnitee shall have reasonably concluded 

that there may be a conflict of interest between the 

Company and Indemnitee in the conduct of any such defense, 

or (C) the Company shall not, in fact, have employed 

counsel to assume the defense of such proceeding, then the 

reasonable fees and expenses of Indemnitee’s counsel shall 

be at the expense of the Company. 

   f)Change in Control. If, at any time subsequent 

to the date of this Agreement, members of the Incumbent 

Board (as defined in Section 16) do not constitute a 

majority of the members of the Board of Directors, or there 

is otherwise a Change in Control (as defined in Section 

16), then upon the request of Indemnitee, the Company shall 

cause the determination of indemnification and advances 

required by Section 2 hereof to be made by Independent

Legal Counsel. The fees and expenses incurred by the 

Independent Legal Counsel in making the determination of 

indemnification and advances shall be borne solely by the 

Company.

      3. Additional Indemnification Rights.

   a)Scope. Notwithstanding any other provision of 

this Agreement, the Company shall indemnify Indemnitee to 

the fullest extent permitted by law, notwithstanding that 

such indemnification is not specifically authorized by the 

other provisions of this Agreement, the Company’s Articles 

of Incorporation, the Company’s Bylaws or by statute. In 

the event of any change, after the date of this Agreement, 

                                                  8

in any applicable law, statute, or rule which expands the 

right of a Pennsylvania corporation to indemnify a member 

of its board of directors or an officer, such changes shall 

be, ipso facto, within the purview of Indemnitee’s rights 

and Company’s obligations under this Agreement. In the 

event of any change in any applicable law, statute or rule 

which narrows the right of a Pennsylvania corporation to 

indemnify a member of its board of directors or an officer, 

such changes (to the extent not otherwise required by such 

law, statute or rule to be applied to this Agreement) shall 

have no effect on this Agreement or the parties’ rights and 

obligations hereunder. 

   b)Non-exclusivity. The indemnification and 

advancement of Expenses provided by this Agreement shall 

not be deemed exclusive of any rights to which an 

Indemnitee may be entitled under the Company’s Articles of 

Incorporation, its Bylaws, any agreement, any vote of 

shareholders or disinterested directors, the Pennsylvania 

Business Corporation Law of 1988, as amended, or otherwise, 

both as to action in Indemnitee’s official capacity and as 

to action in another capacity while holding such office.

   c)Supplementary Coverage. The provisions of 

Article VII of the Bylaws of the Company (relating to 

indemnification and advances) shall be deemed to be in 

addition to, separate from, and shall not be limited or 

affected in any manner whatsoever by the provisions of this 

Agreement. Indemnitee shall be free to pursue any rights or 

claims under this Agreement and/or under Article VII of the 

Bylaws either concurrently or separately. The Company 

agrees that so long as Indemnitee is covered by this 

Agreement in accordance with Section 4 hereof, Article VII 

of the Bylaws, as existing on the date hereof, shall not be 

amended, repealed, or modified in any manner whatsoever as 

applied to Indemnitee, and such Bylaws shall remain in full 

force and effect and shall be fully enforceable by and for 

the benefit of the Indemnitee. The provisions of this 

paragraph are intended to constitute supplementary coverage 

authorized by 15 Pa.C.S.A. § 1746.

      4. Continuation of Indemnity. All agreements and 

obligations of the Company contained herein shall continue 

during the period Indemnitee is a director or officer of 

the Company or any affiliate thereof (or is or was serving 

at the request of the Company as a director, officer, 

employee or agent of another corporation, partnership, 

joint venture, trust or other enterprise (collectively, the 

                                                       9

“other enterprises”)) and shall continue thereafter, so 

long as Indemnitee shall be subject to any possible claim 

or threatened, pending or completed action, suit or 

proceeding, whether civil, criminal, administrative, or 

investigative, that is referred to in or covered by this 

Agreement. 

      5. Partial Indemnification. If Indemnitee is 

entitled under any provision of this Agreement to 

indemnification by the Company for some or a portion of the 

Expenses, judgments, fines or penalties actually or 

reasonably incurred by him in the investigation, defense, 

appeal or settlement of any civil or criminal action, suit 

or proceeding, but not for the total amount thereof, the 

Company shall nevertheless indemnify Indemnitee for the 

portion of such Expenses, judgments, fines or penalties to 

which Indemnitee is entitled. 

      6. Officer and Director Liability Insurance. To the 

extent that the Company maintains a policy or policies of 

directors’ and officers’ liability insurance, Indemnitee 

shall be insured in such a manner as to provide Indemnitee 

the same rights and benefits as are accorded to the most 

favorably insured of the Company’s directors, if Indemnitee 

is a director, or of the Company’s officers, if Indemnitee 

is not a director of the Company but is an officer.

      7. Severability. Nothing in this Agreement is 

intended to require or shall be construed as requiring the 

Company to do or fail to do any act in violation of 

applicable law. The Company’s inability, pursuant to court 

order, to perform its obligations under this Agreement 

shall not constitute a breach of this Agreement. The 

provisions of this Agreement shall be severable as provided 

in this Section. If this Agreement or any portion hereof 

shall be invalidated on any ground by any court of 

competent jurisdiction, then the Company shall nevertheless 

indemnify Indemnitee to the full extent permitted by any 

applicable portion of this Agreement that shall not have 

been invalidated, and the balance of this Agreement not so 

invalidated shall be enforceable in accordance with its 

terms. 

      8. Exceptions. Any other provision herein to the 

contrary notwithstanding, the Company shall not be 

obligated pursuant to the terms of this Agreement: 

                                                   10

   a)Claims Initiated by Indemnitee. To indemnify or 

advance Expenses to Indemnitee with respect to proceedings 

or claims initiated or brought voluntarily by Indemnitee 

and not by way of defense, except with respect to 

proceedings brought to establish or enforce a right to 

indemnification or advancements of Expenses under this 

Agreement, but such indemnification or advancement of 

Expenses may be provided by the Company in specific cases 

if the Board of Directors, at its sole discretion, finds it 

to be appropriate; 

   b)Lack of Good Faith. To indemnify Indemnitee for 

any Expenses incurred by Indemnitee with respect to any 

proceeding instituted by Indemnitee to enforce or interpret 

this Agreement, if a court of competent jurisdiction 

determines that each of the material assertions made by 

Indemnitee in such proceeding was not made in good faith or 

was frivolous; 

   c)Insured Claims. To indemnify Indemnitee for 

Expenses or liabilities of any type whatsoever (including, 

but not limited to, judgments, fines, ERISA excise taxes or 

penalties, and amounts paid in settlement) which have been 

paid directly to Indemnitee by an insurance carrier under a 

policy of officers’ and directors’ liability insurance 

maintained by the Company or other enterprise; or 

   d)Claims Under Section 16(b). To indemnify 

Indemnitee for Expenses or the payment of profits arising 

from the purchase and sale by Indemnitee of securities in 

violation of Section 16(b) of the Exchange Act (as defined 

in Section 16), or any similar successor statute. 

      9. Construction of Certain Phrases.

   a)For purposes of this Agreement, references to 

the “Company” shall include, in addition to the resulting 

corporation, any constituent corporation (including any 

constituent of a constituent) absorbed in a consolidation 

or merger which, if its separate existence had continued, 

would have had power and authority to indemnify its 

directors and officers so that if Indemnitee is or was a 

director or officer or is or was serving at the request of 

such constituent corporation as a director, officer, 

employee or agent of other enterprises, Indemnitee shall 

stand in the same position under the provisions of this 

Agreement with respect to the resulting or surviving 

corporation as Indemnitee would have with respect to such 

                                              11

constituent corporation if its separate existence had 

continued. 

   b)For purposes of this Agreement, references to 

“other enterprises” shall include employee benefit plans; 

references to “fines” shall include any excise taxes 

assessed on Indemnitee with respect to an employee benefit 

plan; and reference to “serving at the request of the 

Company” shall include any service as a director or officer

of the Company which imposes duties on, or involves 

services by, Indemnitee with respect to an employee benefit 

plan, its participants, or beneficiaries; and, if 

Indemnitee acted in good faith and in a manner Indemnitee 

reasonably believed to be in the interest of the 

participants and beneficiaries of an employee benefit plan, 

Indemnitee shall be deemed to have acted in a manner “not 

opposed to the best interests of the Company” as referred 

to in this Agreement. 

   c)For the purposes of this Agreement, references 

to “affiliates” shall mean any entity which, directly or 

indirectly, is in the control of, is controlled by, or is 

under common control with, the Company. 

      10. Successors and Assigns. This Agreement shall be 

binding upon and inure to the benefit of the Company and 

its successors and assigns, and Indemnitee and Indemnitee’s 

estate, heirs, legal representatives and assigns. 

      11. Attorneys’ Fees. If any action is instituted by 

Indemnitee under this Agreement to enforce or interpret any 

of the terms hereof, Indemnitee shall be entitled to be 

paid all court costs and Expenses, including reasonable 

attorneys’ fees, incurred by Indemnitee with respect to 

such action, unless as a part of such action, the court of 

competent jurisdiction determines that each of the material 

assertions made by Indemnitee as a basis for such action 

was not made in good faith or was frivolous. In the event 

of an action instituted by or in the name of the Company 

under this Agreement or to enforce or interpret any of the 

terms of this Agreement, Indemnitee shall be entitled to be 

paid all court costs and Expenses, including attorneys’ 

fees, incurred by Indemnitee in defense of such action 

(including with respect to Indemnitee’s counterclaims and 

cross-claims made in such action), unless as a part of such 

action the court determines that each of Indemnitee’s 

material defenses to such action was made in bad faith or 

was frivolous. 

                                                         12

      12. Notice. All notices, requests, demands and other 

communications under this Agreement shall be in writing 

and, unless otherwise provided, shall be deemed duly given 

(a) if delivered by hand and receipted for by the party 

addressee, on the date of such receipt, or (b) if mailed by 

domestic certified or registered mail with postage prepaid, 

on the third business day after the date postmarked. The 

address for notice to the Company shall be as set forth in 

Section 2(b) hereof, and the address for notice to 

Indemnitee shall be as set forth on the signature page of 

this Agreement, or as subsequently modified by written 

notice. 

      13. Consent to Jurisdiction. The Company and 

Indemnitee each hereby irrevocably consent to the 

jurisdiction of the courts of the Commonwealth of 

Pennsylvania for all purposes in connection with any action 

or proceeding which arises out of or relates to this 

Agreement. Any action or proceeding instituted under or to 

enforce this Agreement shall be brought only in the state 

courts of the Commonwealth of Pennsylvania.

      14. Subrogation. In the event of payment under this 

Agreement, Company shall be subrogated to the extent of 

such payment to all of the rights of recovery of the 

Indemnitee, who shall execute all papers required and shall 

do everything that may be necessary to secure such rights, 

including the execution of such documents necessary to 

enable the Company to effectively to bring suit to enforce 

such rights. 

      15. Choice of Law. This Agreement shall be governed 

by and its provisions construed in accordance with the laws 

of the Commonwealth of Pennsylvania, as applied to 

contracts between Pennsylvania residents entered into and 

to be performed within Pennsylvania. 

      16. Definition of “Change in Control.” For purposes 

of this Agreement, “Change in Control” means the occurrence 

of any of the following events: 

   a)The acquisition by any individual, entity or 

group (within the meaning of Section 13(d)(3) or 14(d)(2) 

of the Securities Exchange Act of 1934, as amended (the 

“Exchange Act”)) (a “Person”) of beneficial ownership 

(within the meaning of Rule 13d-3 promulgated under the 

Exchange Act) of 20% or more of the combined voting power 

of the then-outstanding voting securities of the Company 

                                                       13

entitled to vote generally in the election of directors 

(the “Outstanding Company Voting Securities”); provided, 

however, that, for purposes of this Section (a), the 

following acquisitions shall not constitute a Change in 

Control: (A) any acquisition directly from the Company, (B) 

any acquisition by the Company, (C) any acquisition by any 

employee benefit plan (or related trust) sponsored or 

maintained by the Company or any company controlled by, 

controlling or under common control with the Company, or 

(D) any acquisition by any entity pursuant to a transaction 

that complies with Sections (c)(1), (c)(2) and (c)(3) of 

this definition; 

   b)Individuals who, as of May 10, 2007, constitute 

the Board of Directors (the “Incumbent Board”) cease for 

any reason to constitute at least a majority of the Board 

of Directors; provided, however, that any individual 

becoming a director subsequent to the date hereof whose 

election, or nomination for election by the Company’s 

shareholders, was approved by a vote of at least a majority 

of the directors then comprising the Incumbent Board shall 

be considered as though such individual were a member of 

the Incumbent Board, but excluding, for this purpose, any 

such individual whose initial assumption of office occurs 

as a result of an actual or threatened election contest 

with respect to the election or removal of directors or 

other actual or threatened solicitation of proxies or 

consents by or on behalf of a Person other than the Board 

of Directors; 

   c)Consummation of a reorganization, merger, 

statutory share exchange or consolidation or similar 

corporate transaction involving the Company or any of its 

subsidiaries, a sale or other disposition of all or 

substantially all of the assets of the Company, or the 

acquisition of assets or stock of another entity by the 

Company or any of its subsidiaries (each, a “Business 

Combination”), in each case unless, following such Business 

Combination, (1) all or substantially all of the 

individuals and entities that were the beneficial owners of 

the Outstanding Company Voting Securities immediately prior 

to such Business Combination beneficially own, directly or 

indirectly, more than 60% of the combined voting power of 

the then-outstanding voting securities entitled to vote 

generally in the election of directors of the corporation 

resulting from such Business Combination (including, 

without limitation, a corporation that, as a result of such 

                                                  14

transaction, owns the Company or all or substantially all 

of the Company’s assets either directly or through one or 

more subsidiaries) in substantially the same proportions as 

their ownership immediately prior to such Business 

Combination of the Outstanding Company Voting Securities, 

(2) no Person (excluding any corporation resulting from 

such Business Combination or any employee benefit plan (or 

related trust) of the Company or such corporation resulting 

from such Business Combination) beneficially owns, directly 

or indirectly, 20% or more of the combined voting power of 

the then-outstanding voting securities of such corporation, 

except to the extent that such ownership existed prior to 

the Business Combination, and (3) at least a majority of 

the members of the board of directors of the corporation 

resulting from such Business Combination were members of 

the Incumbent Board at the time of the execution of the 

initial agreement or of the action of the Board of 

Directors providing for such Business Combination; or 

   d)Approval by the shareholders of the Company of 

a complete liquidation or dissolution of the Company. 

IN WITNESS WHEREOF, the parties hereto have executed 

this Agreement as of the date first above written. 

 

		COMPANY: 
		USA TECHNOLOGIES, INC. 
		  
		  
		By:_________________________ 
		Name: 
		Title: 
		  
		  
		  
		  
		INDEMNITEE: _____________________
		  
		  
		Address: ________________________
		                     ________________________

                                                 15AGREEMENT AND MUTUAL
RELEASE 

        This
Agreement and Mutual Release (this “Agreement”) is entered into as of the 26th
day of April, 2007, by and among Dr. Glenn T. Stoops (“Stoops”); Inforte Corp.,
a Delaware corporation (“Inforte”); and Inforte Managed Analytics Corp., a
Georgia corporation formerly known as GTS Consulting, Inc. (“IMA”). 

RECITALS 

         A.       
          On July 15, 2005, Stoops sold all the outstanding capital stock of IMA to
          Inforte pursuant to that certain Stock Purchase Agreement, dated July 15, 2005,
          between Stoops and Inforte, as amended (the “Stock Purchase
          Agreement”), and, in connection with such sale, Stoops and IMA entered into
          that certain Employment Agreement, dated July 15, 2005 (the “Employment
          Agreement”). 

         B.       
          On March 5, 2007, Stoops’ employment with IMA was terminated pursuant to
          the Employment Agreement. 

         C.       
          Stoops, Inforte and IMA desire to settle and resolve on the terms set forth
          herein disputes among them arising out of Stoops’ performance under the
          Employment Agreement and Stock Purchase Agreement and Inforte’s and
          IMA’s enforcement of rights thereunder. 

AGREEMENT 

        NOW,
THEREFORE, in consideration of the mutual covenants contained herein, the receipt and
sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 

         1.       
          The parties acknowledge and agree that, effective March 5, 2007, Stoops’
          employment under the Employment Agreement was terminated and that Stoops’
          rights under the Employment Agreement by reason of termination are solely as
          provided under Section 5.3(b) of the Employment Agreement, i.e., payment
          to Stoops of his Base Salary (as defined under the Employment Agreement) through
          March 5, 2007, with respect to which Stoops hereby acknowledges receipt, and
          receipt of those benefits set forth on Schedule A attached hereto that
          are otherwise vested and due Stoops under the Employment Agreement as of March
          5, 2007. 

         2.       
          In full and complete satisfaction of Inforte’s obligations under the Stock
          Purchase Agreement, including, but not limited to, any obligation to pay to
          Stoops any Contingent Payments (as defined under the Stock Purchase Agreement),
          Inforte shall pay to Stoops One Million Dollars ($1,000,000.00), of which Nine
          Hundred Fifty Thousand Dollars ($950,000.00) shall be payable by 2:00 p.m.
          Eastern time on the fifth (5th) business day after the execution of this
          Agreement, and Fifty Thousand Dollars ($50,000.00) shall be payable on January
          3, 2008. Payments shall be made by wire transfer. Inforte agrees that it shall
          give prior written notice to Stoops if it intends, for any reason, not to make
          the $50,000 payment otherwise due Stoops on January 3, 2008. 

-1- 

         3.       
          The parties acknowledge and agree that Stoops will continue to be bound by those
          provisions of the Employment Agreement and the Stock Purchase Agreement that by
          their terms survive and remain in effect, including, but not limited to, Article
          VII of the Employment Agreement and Sections 5.3 and 5.4 and the last sentence
          of Section 5.6 of the Stock Purchase Agreement; provided, however, that,
          notwithstanding any covenants not to compete contained in the Employment
          Agreement or the Stock Purchase Agreement, from and after the date hereof, and
          subject to strict compliance by Stoops with all other obligations surviving
          under the Employment Agreement, the Stock Purchase Agreement and this Agreement,
          Stoops, either individually or through an affiliate owned and/or controlled by
          Stoops, may conduct, at any time, managed analytics business with no more than
          three (3) of any of those companies separately specifically identified in
          writing by Stoops and confirmed in writing by Inforte on the date hereof. At any
          time and from time to time during the three (3) year period after the date of
          this Agreement, upon written demand to Stoops, Inforte or its duly authorized
          representative shall have the right to review and make copies of the books and
          records of Stoops and any affiliate owned and/or controlled by Stoops to the
          extent necessary or appropriate to determine compliance by Stoops with respect
          to his continuing obligations under the Employment Agreement, the Stock Purchase
          Agreement and this Agreement. Inforte and IMA shall execute a reasonable
          non-disclosure agreement in form and substance agreeable to Stoops and Inforte
          with respect to its review of books and records of Stoops or any affiliate owned
          and/or controlled by Stoops pursuant to the foregoing sentence. 

         4.       
          In consideration of Inforte’s and IMA’s execution of this Agreement
          and Inforte’s promise to pay the consideration set forth in Section 2,
          Stoops, for himself and for each and all of his heirs, successors, assigns and
          representatives, irrevocable and unconditionally releases Inforte and IMA, as
          well as each of Inforte’s and IMA’s respective officers, agents,
          employees, representatives, successors and assigns, from all claims existing as
          of the date of this Agreement arising from or relating to Stoops’
          employment or the termination of his employment and any claims which arise or
          may arise under the Employment Agreement; any claims which arise or may arise
          under the Stock Purchase Agreement (including any rights to Contingent Payments)
          or any other agreement between Stoops and Inforte, IMA or an affiliate of
          Inforte or IMA; the common law of contract, implied contract, tort, public
          policy, or statute, such as Title VII of the Civil Rights Act of 1964, the Age
          Discrimination in Employment Act, Section 1981 of the Civil Rights Act of 1866,
          the Equal Pay Act of 1963, the Employee Retirement Income Security Act of 1974,
          the Rehabilitation Act of 1973, the Americans With Disabilities Act of 1990, the
          Family and Medical Leave Act of 1993, and any applicable state or local statutes
          or ordinances, and amendments to these acts, any other federal, state or local
          equal employment opportunity or age discrimination law, wage payment law, or any
          other federal, state or local statute, decision, order, policy or regulation
          establishing or relating to claims or rights of employees, including, but not
          limited to, any and all claims alleging interference with the attainment of any
          rights under any insurance, pension, profit sharing or other employee benefit
          plan, and any and all claims in tort or contract, based upon public policy, and
          any and all claims alleging breach of an express or implied, or oral or written,
          contract, policy manual or employee handbook or alleging misrepresentation,
          defamation, interference with contract, intentional or negligent infliction of
          emotional distress, negligence, or wrongful discharge. Stoops shall immediately
          dismiss with prejudice any lawsuit heretofore filed against Inforte and/or IMA
          with respect to the subject matter covered by foregoing release. 

-2- 

         5.       
          Each of Inforte and IMA, for itself and for each and all of its affiliates,
          successors, assigns, and representatives, irrevocable and unconditionally
          releases Stoops and his heirs, successors, assigns, and representatives from all
          claims existing as of the date of this Agreement arising from or relating to
          Stoops’ employment or the termination of his employment and any claims
          which arise or may arise under the Employment Agreement; or any claims which
          arise or may arise under the Stock Purchase Agreement or any other agreement
          between Stoops and Inforte, IMA or an affiliate of Inforte or IMA, except for
          any continuing obligations under the Employment Agreement, the Stock Purchase
          Agreement or this Agreement, which shall survive and remain in effect as
          provided under Section 3 hereof. 

         6.       
          The parties agree and acknowledge that Stoops currently owns 21,142 shares of
          common stock of Inforte. The parties further agree and acknowledge that neither
          Stoops nor any affiliate owned and/or controlled by Stoops has any other capital
          stock or other equity interest in Inforte or any affiliate of Inforte, or any
          options, puts, calls, warrants, or others rights, agreements, arrangements or
          commitments of any character obligating Inforte or any affiliate of Inforte to
          issue, sell, redeem, repurchase or exchange any shares of capital stock or other
          equity interest in Inforte or any affiliate of Inforte. Stoops shall have no
          contractual restriction on resales or other dispositions of the 21,142 shares of
          Inforte common stock owned by him, but Stoops acknowledges that such shares
          shall remain subject, to the extent applicable, restrictions or other
          requirements that may exist under applicable law, including, but not limited to,
          Securities Exchange Commission (“SEC”) Rules 10b-5 and 144. 

         7.       
          Stoops represents and warrants that, to his conscious knowledge, he has returned
          to Inforte all property of Inforte and IMA formerly in his possession and
          control, including, but not limited to, all Inforte or IMA documents and
          physical and electronic files (and all copies thereof), electronic equipment and
          any other property of Inforte or IMA, and that he currently is not in possession
          or control, directly or indirectly, of any other property of Inforte or IMA.
          Inforte represents that neither its CEO nor CFO has present conscious knowledge
          of any material item property owned by Inforte or IMA currently in the
          possession or control of Stoops. 

         8.       
          Each of the parties hereto represents, warrants and covenants that he or it will
          not disparage or otherwise impugn the integrity or business reputation of any of
          the other parties hereto. Except to the extent Inforte determines that public
          disclosure is required or appropriate under applicable law, Stoops,
          Inforte and IMA each agrees not to make any public announcements of the
          termination of Stoops’ employment with IMA without the other’s
          prior consent, which consent shall not be unreasonably withheld or delayed. 

         9.       
          Each of the parties agrees to pay his or its own costs and attorneys’ fees;
          provided that, in the event of a breach of this Agreement or of any surviving
          obligation of Stoops under the Employment Agreement or the Stock Purchase
          Agreement, the prevailing party with respect to any dispute relating to such
          breach shall be entitled to reimbursement by the breaching party of his or its
          attorneys’ fees incurred in connection with such dispute. 

         10.       
          This Agreement shall not be construed as an admission of liability or obligation
          by any party hereto. 

         11.       
          The parties represent and warrant that they have read and understand this
          Agreement, and that they have executed this Agreement in consultation with their
          respective attorneys. 

-3- 

         12.       
          This Agreement shall inure to the benefit of and be binding upon the parties
          hereto and their respective heirs, successors, assigns and representatives. 

         13.       
          This Agreement may be executed in counterparts and, when so executed, the
          counterparts together shall constitute a single entire agreement. 

         14.       
          This Agreement, together with the surviving provisions of the Employment
          Agreement and Stock Purchase Agreement and the writing as described more fully
          in Section 3, all as referenced above, constitute the entire agreement of the
          parties with respect to the subject matter hereof and supercedes and replaces
          all prior negotiations, discussions, representations, and understandings of the
          parties, oral or written, with respect hereto. Except and solely to the extent
          expressly set forth herein, Stoops shall be entitled to no payments, benefits,
          stock or other consideration from Inforte, IMA or any affiliate of Inforte or
          IMA. This Agreement cannot be modified or amended except in writing signed by
          each of the parties. 

         15.       
          Stoops agrees that (a) any breach of his surviving obligations under the
          Employment Agreement, the Stock Purchase Agreement or this Agreement may result
          in irreparable injury to Inforte or IMA for which a remedy at law would be
          inadequate, and (b) in addition to any relief at law that may be available to
          Inforte or IMA for such breach and regardless of any other provision contained
          in this Agreement, Inforte and IMA shall be entitled to injunctive and other
          equitable relief as a court may grant. 

         16.       
          This Agreement shall be construed and interpreted according to the laws of the
          State of Illinois, excluding any choice of law rules that may direct the
          application of the laws of another jurisdiction. Each party stipulates that any
          dispute shall be commenced and prosecuted in its entirety in, and consents to
          the exclusive jurisdiction and proper venue of, either the Cook County Circuit
          Court for the State of Illinois or the United States District Court for the
          Northern District of Illinois, and each party consents to personal and subject
          matter jurisdiction and venue in such courts and waives and relinquishes all
          right to attack the suitability or convenience of such venue or forum by reason
          of their present or future domiciles, or by any other reason. The parties
          acknowledge that all directions issued by the forum court, including all
          injunctions and other decrees, will be binding and enforceable in all
          jurisdictions and countries. Each party waives any right to trial by jury with
          respect to any dispute. 

-4- 

        IN
WITNESS WHEREOF, the parties have executed this Agreement as of the date first above
written. 

		/s/ Glenn T. Stoops
		Dr. Glenn T. Stoops
		

INFORTE CORP.
		

By: /s/ Stephen Mack
		     Name:   Stephen Mack
		     Title:   Authorized Officer
		

INFORTE MANAGED ANALYTICS CORP.
		

By: /s/ Nick Heyes
		     Name:   Nick Heyes
		     Title:   Authorized Officer

-5- 

SCHEDULE A 

LIST OF VESTED AND
OWING BENEFITS 

     

1.     Vested
          401(k) benefits 

     2.    
          Statutory COBRA rights, to the extent applicable. 

-6-

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