Document:

Exhibit 10.1

  

  
    
      

      

      December 31, 2018

    

    
      

      

    

    
      USA Technologies, Inc.

      100 Deerfield Lane

      Suite 300

      Malvern, PA  19355

      Attention: Priyanka Singh

    

    
      

      

    

    
      
        	 	
                Re:

              	
                CONSENT TO EXTENSION

              

      

    

    
      

      

      Dear Sir or Madam:

      

      

    

    
      We refer to that certain Credit Agreement, dated as of November 9, 2017 (as amended, restated, supplemented, or otherwise
          modified from time to time, the “Credit Agreement”), among USA Technologies, Inc., a Pennsylvania corporation (the “Borrower”), the other Loan Parties party thereto (together with the Borrower, the “Loan Parties”), the lenders
          party thereto from time to time (the “Lenders”), and JPMorgan Chase Bank, N.A., as administrative agent (the “Administrative Agent”) for the Lenders.  Capitalized terms used herein and not otherwise defined shall have the meanings given to such terms in the Credit Agreement.

      

      

      The Loan Parties have requested that the Administrative Agent consent to an extension of the delivery of the Borrower’s
          audited financial statements for the fiscal year ended June 30, 2018, the unaudited financial statements for the fiscal quarter ended September 30, 2018, and the related compliance certificates required to be delivered pursuant to Section
          5.01(a), (b) and (c), as applicable, of the Credit Agreement to February 15, 2019 (collectively, the “Specified Extension”).

      

      

      At your request and subject to the terms and conditions of this letter agreement, the Administrative Agent and the Lenders
          consent to the Specified Extension.  As a condition to such consent, the Loan Parties hereby agree that the Applicable Rate shall continue to be set at Category 1 until at least the date that the unaudited financial statements and related
          compliance certificate required to be delivered pursuant to Sections 5.01(b) and (c) with respect to the fiscal quarter ending September 30, 2018, are delivered to the Administrative Agent.

      

      

      In consideration of the Specified Extension, the Loan Parties agree that with respect to each of the fiscal months ending
          (i) October 31, 2018 and November 30, 2018, that on or before January 10, 2019, and (ii) December 31, 2018, that on or before February 7, 2019, they shall deliver an unaudited consolidated balance sheet and related statements of operations,
          stockholders’ equity and cash flows as of the end of and for such fiscal month and the then elapsed portion of current fiscal year, setting forth in each case in comparative form the figures for the corresponding period or periods of (or, in the
          case of the balance sheet, as of the end of) the previous fiscal year, all certified by a Financial Officer as presenting fairly in all material respects the financial condition and results of operations of the Borrower and its consolidated
          Subsidiaries on a consolidated basis in accordance with GAAP consistently applied, subject to normal yearend audit adjustments and the absence of footnotes.  The failure to comply with the foregoing sentence will constitute an immediate Event of
          Default under the Credit Agreement.

      

      

      
        
          

      

    

    Each of the Loan Parties hereby (a) agrees that no Default or Event of Default exists as of the date hereof, (b) reaffirms all of its obligations
        and covenants under the Credit Agreement and the other Loan Documents to which it is a party, (c) restates and renews each and every representation and warranty heretofore made by it in the Credit Agreement and the other Loan Documents as fully as
        if made on the date hereof (except with respect to representations and warranties made as of an expressed date, in which case such representations and warranties shall be true and correct as of such date) and (d) agrees that none of its respective
        obligations and covenants shall be reduced or limited by the execution and delivery of this letter agreement.

    
       

        

      This letter agreement shall not become effective until (a) each of the Loan Parties and the Administrative Agent have
          executed and delivered this letter agreement to the Administrative Agent, and (b) the Loan Parties shall have paid to the Administrative Agent, for the benefit of the Lenders, a non-refundable extension fee of $51,875.00 in immediately available
          funds.  Except for the consents set forth above, the text of the Credit Agreement and all other Loan Documents shall remain unchanged and in full force and effect.  This letter agreement shall not constitute an amendment to of any other provision
          of the Credit Agreement or any other Loan Document. The Specified Extension is a one-time consent and shall not be construed as an agreement to consent to any future event. No consent by the Administrative Agent or the Lenders under the Credit
          Agreement or any other Loan Document is granted or intended except as expressly set forth herein.  Except as set forth herein, the consents agreed to herein shall not constitute a modification of the Credit Agreement or any of the other Loan
          Documents, or a course of dealing with the Administrative Agent and the Lenders at variance with the Credit Agreement or any of the other Loan Documents, such as to require further notice by the Administrative Agent or the Lenders to require
          strict compliance with the terms of the Credit Agreement and the other Loan Documents in the future.  This letter agreement shall be a “Loan Document” for all purposes under the Credit Agreement. This letter agreement shall be governed by, and
          construed in accordance with, the laws of the State of New York.  This letter agreement may be executed in any number of counterparts, each of which shall be deemed to be an original, but all such separate counterparts shall together constitute
          but one and the same instrument.  Delivery by one or more parties hereto of an executed counterpart of this letter agreement via facsimile, telecopy, or other electronic method of transmission pursuant to which the signature of such party can be
          seen (including, without limitation, Adobe Corporation’s Portable Document Format) shall have the same force and effect as the delivery of an original executed counterpart of this letter agreement.  Any party delivering an executed counterpart of
          this letter agreement by facsimile or other electronic method of transmission shall also deliver an original executed counterpart to the Administrative Agent, but the failure to do so shall not affect the validity, enforceability, or binding
          effect of this letter agreement.

      

      

    

    
      [remainder of page intentionally left blank;
            signature pages follow]

       

        

    

    
      
        

    

    	
            BORROWER:

          	
            USA TECHNOLOGIES, INC.

          
	 	 	 
	 	By: 	
            /s/ Stephen P. Herbert

          

    	 	Name:	
            Stephen P. Herbert

          
	 	Title: 	
            Chairman and Chief Executive Officer

          

    
      
        
           

          

          [USAT - CONSENT LETTER]

           

          

        

      

    

    
      
        

    

    
      ADMINISTRATIVE

            AGENT AND SOLE LENDER:

      

      

    

    	 	
            JPMORGAN CHASE BANK, N.A.

          
	 	 	 
	 	By:	
             /s/Eleftherios J. Karsos

          

    	 	Name:	
            Eleftherios Karsos

          
	 	Title: 	
            Authorized Officer

          

     

    

     [USAT - CONSENT LETTER]

     

    

    
      
        

    

    
      CONSENT, REAFFIRMATION, AND AGREEMENT OF GUARANTORS

    

    
      

      

    

    
      Each of the undersigned (a) acknowledges receipt of the foregoing consent (the “Agreement”);

          (b) consents to the execution and delivery of the Agreement; and (c) reaffirms all of its obligations and covenants under the Credit Agreement (as defined in the Agreement) and all of its other obligations under the Loan Documents to which it is
          a party, and, agrees that none of its obligations and covenants shall be reduced or limited by the execution and delivery of the Agreement or any of the other instruments, agreements or other documents executed and delivered pursuant thereto.

      

      

    

    
      This Consent, Reaffirmation, and Agreement of Guarantors (this “Consent”) may be executed in any number of counterparts and by different parties hereto in separate counterparts, each of which when so executed and delivered shall be deemed to be an original and all of which
          counterparts, taken together, shall constitute but one and the same instrument.  This Consent may be executed by each party on separate copies, which copies, when combined so as to include the signatures of all parties, shall constitute a single
          counterpart of the Consent.

      

      

    

    
      As of December 31, 2018

    

    
      

      

    

    	 	
            STITCH NETWORKS CORPORATION

          
	 	 	 
	 	By:	
            /s/ Stephen P. Herbert

          

    	 	Name:	
            Stephen P. Herbert

          
	 	Title:	
            Chairman and Chief Executive Officer

          

    

    

    	 	
            USAT CAPITAL CORP, LLC

          
	 	 
	 	By: 	
            /s/ Stephen P. Herbert

          

    	 	Name:	
            Stephen P. Herbert

          
	 	Title: 	
            Chairman and Chief Executive Officer

          

    

    

    	 	
            CANTALOUPE SYSTEMS, INC.

          
	 	 
	 	By:	
            /s/ Stephen P. Herbert

          

    	 	Name:	
            Stephen P. Herbert

          
	 	Title:	
            Chairman and Chief Executive Officer

          

    
      

      

      

      

      [USAT - CONSENT LETTER]房屋买卖合同

Building purchase and sale contract 

 

Seller (party a): Hubei Science and Technology
Industrial Park

 

Legal representative/id number: Tong Hongwen

Address: no. 1, Qilin road, Xiangcheng District,
Xiangyang city

Transferee (party b): Wuhan Fengze Development
Agriculture and Animal Husbandry Technology co., LTD

 

Legal representative/id number: Li Hanying

 

In accordance with relevant laws and regulations
of the People's Republic of China, the parties hereto, on an equal and voluntary basis and through friendly consultation, have
reached the following terms and conditions of the contract on matters related to the sale and purchase of buildings.

 

1. basic information of the premises

 

Party a's premises (hereinafter referred
to as the premises) are located at no. 1, Qilin road, Xiangcheng District, Xiangyang City, Hubei Province, which located in No.4
and No.7 buildings of Hangao Science and Technology Park, the structure of the building is the framework, the building area is
50,000 square meters, the residential apartment building area is 19,000 square meters, the use of the buildings is for industrial
plants and residences; The building plan is shown in annex I hereto, and the attached facilities of the building are shown in annex
ii hereto (building ownership certificate no., land use right certificate no. / real estate right certificate no.) is 340405022,
and the commercial housing pre-sale license is (2012) No. 064.

 

2.
special provisions on the area of the premises

 

1. The area agreed in
article 1 of this contract is the area (temporarily measured by party a/marked on the original property right
certificate/actually measured by the real estate property right registration authority). If the area indicated on the
temporary measurement area or the real estate right certificate (hereinafter referred to as the temporary measurement area)
differs from the area actually measured by the real estate property right registration authority, the area actually measured
by the real estate property right registration authority (hereinafter referred to as the actual area) shall prevail.

 

2. When the house is delivered,
the difference between the actual area of the house and the temporary area under test shall not exceed + or - 1% of the temporary
area (excluding + or - 1%), and the housing price shall remain unchanged.

 

    

    

    

 

3. If the difference between the actual
area and the temporary area exceeds 1% of the temporary area, both parties agree to handle it in the following way:

 

(1) party b has the right to check out,
and party a shall refund the payment made by party b to party b within 15 days from the date of party b's request for check-out,
and pay the interest at the rate of 0.1%.

 

(2) the price per square meter remains
unchanged, and the total price shall be adjusted according to the actual area.

 

3. the nature of land use rights

 

(1). The land use right of the buildings
shall be acquired through bidding, auction and hanging.

 

(2). The term of land use right shall be
from January 21, 2011 to September 1, 2060. Obtaining the right to the use of the land by listing;

 

After the sale of the premises, party b
(must/need not) go through the procedures for assigning the right to the use of the land in accordance with the relevant provisions.

 

4. Price

 

According to the calculation of (total
construction area/actual construction area), the total area of No.4 building and No.7 building are 50000 square meters, the selling
price is 5600 RMB per square meter, and the total amount is (RMB) 280 million RMB; Apartment building is 19,000 square meters,
the selling price is 8,000 RMB per square meter, the total amount of 152,000 RMB. Total: 432 million RMB.

 

5. terms of payment

 

1. Party b shall pay a deposit of RMB 10
million to party a on the effective date hereof, and shall pay a total of RMB 411 million within ten days from the effective date
hereof. In addition, party a shall be paid 3 million shares at the price of $1 each.

 

2. The paid deposit will be offset against
the last payment, and the payment method is as follows:

 

(1) cash;

(2) stocks;

(3) remittance.

 

6. term of delivery

 

Party a shall, within 90 days after this
contract comes into force, deliver to party b the certificate of title of the premises and pay to party b the said premises and
attached facilities within 30 days after receiving the full price of the said premises and attached facilities.

 

    

    

    

 

7. party b shall be liable for breach of
contract for overdue payment

 

1. If party b fails to make the payment
within the time specified in article 5 hereof, party a shall have the right to pursue the interest for breach of contract against
the overdue payment of party b. From the second day of the due date stipulated in this contract to the actual date of payment,
the monthly interest shall be calculated at 2%.

 

2. Any delay of more than 30 days shall
be deemed as party b's failure to perform this contract. At that time, party a shall have the right to hold party b liable for
breach of contract in accordance with the undetermined provisions in paragraph (1) below.

 

(1) upon termination of the contract, party
b shall pay party as liquidated damages an amount equal to 2% of the total amount payable. If the actual economic loss of party
a exceeds the liquidated damages paid by party b, the difference between the actual economic loss and the liquidated damages shall
be compensated by party b according to the facts.

 

(2) party b shall pay party a liquidated
damages equal to 1% of the total amount payable and the contract shall continue to be performed.

 

8. party a shall be liable for breach of
contract for overdue delivery of the premises

 

1. In case party a fails to give the premises
and attached facilities to party b for use within the time limit set forth in article 6 hereof, party b shall have the right to
claim against party a for interest on the premises and attached facilities at the rate already paid by it, except for the special
circumstances such as an irresistible natural disaster. The monthly interest rate shall be calculated at 2% within 3 months from
the second day of the delivery term set forth herein to the actual delivery date. From the fourth month, the monthly interest rate
is calculated at 3%.

 

2. Any delay of more than 6 months shall
be deemed as party a's failure to perform this contract.

 

(1) upon termination of the contract, party
a shall pay party b liquidated damages equal to 2% of the total amount paid by party b. If the actual economic loss of party b
exceeds the liquidated damages paid by party a, the difference between the actual economic loss and the liquidated damages shall
be compensated by party a according to the facts.

 

(2) party a shall pay party b a liquidated
damages equal to 1% of the total amount paid by party b, and the contract shall continue to be performed.

 

9. provisions on the registration of property
rights

 

From the date when party b actually receives
the buildings, party a shall assist party b to go through the ownership registration procedures with the real estate property registration
authority within the time limit stipulated by the real estate property registration authority. If party b fails to obtain the real
estate ownership certificate within 180 days after the actual handover due to the fault of party a, party b shall have the right
to check out. Party a shall return the payment made by party b to party b within 7 days after the request of party b to check out
and compensate party b for the loss at 2% of the amount paid.

 

    

    

    

 

10 warranty

 

Party a warrants that at the time of transaction,
there will be no disputes over the property rights of the premises. Party a warrants that the mortgage, mortgage debt, tax and
rent of the premises shall be settled by party a prior to the transaction. After the transaction, party a shall bear all the responsibilities
for any uncleared matters mentioned above.

 

11 payment of taxes and fees

 

Land value added tax arising from the transfer
of ownership of the house shall be paid by party a to the country, and deed tax shall be paid by party b to the country: taxes
and fees incurred by other housing exchanges shall be paid separately by party a and party b according to the provisions of the
government, unless otherwise agreed.

 

12. handover time of expenses

 

The handover date of water, electricity,
gas, property, heating and other expenses is February 1, 2019.

 

13 representations and warranties

 

Party a

 

1. Party a has the right to sign and the
ability to perform this contract.

 

2. At the time of signing this contract, any
court, arbitration agency, administrative agency or regulatory agency has made any judgment, ruling, award or specific administrative
act that is sufficient to have a material adverse impact on the performance of this contract.

 

14. confidentiality

 

Party a and party b undertake to keep confidential
the documents and materials (including trade secrets, company plans, operational activities, financial information, technical information,
business information and other trade secrets) obtained by them during the discussion, signing and implementation of this agreement
and which are not publicly available to both parties. The other party shall not disclose all or part of the trade secret to any
third party without the consent of the original provider of the modified materials and documents. Except as otherwise provided
by this law or regulation or otherwise provided by both parties. The confidentiality period is 3 years.

 

    

    

    

 

15. notice

 

1. All notices given by one party to the
other party as required by this contract, as well as the communication of documents between the two parties and notices and requirements
related to this contract, etc., shall be in writing and may be delivered (by letter, fax, telegram, in person, etc.).If the above
methods cannot be served, the service may be made by public announcement.

 

2. The mailing addresses of the parties
are as follows:

 

3. One party shall notify the other party
in writing within 7 days from the date of change of notice or mailing address; otherwise, the non-notifying party shall bear the
relevant liabilities arising therefrom.

 

16. modification of the contract

 

During the performance of this contract,
in case of any special circumstances, either party a or party b needs to change this contract, it is required that the other party
should timely notify the other party in writing. With the consent of the other party, both parties shall sign a written change
agreement within the prescribed time limit (within 10 days after the written notice is issued), which will become an integral part
of the contract. Without a written document signed by both parties, neither party has the right to change this contract, otherwise,
the other party shall bear the economic losses caused thereby.

 

17. assignment of a contract

 

Except as otherwise provided in this contract
or agreed by both parties through consultation, neither party shall assign any rights and obligations of the parties hereto to
a third party without the written consent of the other party. No assignment shall be void without the express consent of the other
party.

 

18. Supplementary and appendices

 

Matters not covered herein shall be implemented
in accordance with relevant laws and regulations. If no provisions are made by laws and regulations, both parties may reach a written
supplementary contract. The appendices and supplementary contracts hereto are integral parts of this contract and have the same
legal effect as this contract.

 

19. effectiveness of a contract

 

1. This contract shall come into force
upon being signed by the parties or their legal representatives or their authorized representatives and affixed with the company's
official seal or the special seal for the contract.

 

2. This agreement is made in quadruplicate,
with both party a and party b having the same legal effect.

 

    

    

    

 

3. The appendices and supplementary contracts
hereto are integral parts of this contract and have the same legal effect as this contract.

 

Seller (party a): Hubei Science and Technology
Industrial Park

Legal representative/id number: Tong Hongwen

 

Transferee (party b): Wuhan Fengze Development
Agriculture and Animal Husbandry Technology co., LTD

Legal representative/id number: Li Hanying

 

Contract signing date: December 6, 2018

 

contract signing date: December 6, 2018

 

Place of signing the contract: Wuhan City

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