Document:

Exhibit 4.2

 

FORM
OF 

QPAGOS 

STOCK
OPTION GRANT NOTICE 

2018
Stock Incentive Plan

 

QPAGOS,
a Nevada corporation (the “Company”), pursuant to its 2018 Stock Incentive Plan (the “Plan”),
hereby grants to Optionholder an option to purchase the number of shares of the Company’s Common Stock set forth below.
This option is subject to all terms and conditions as set forth herein and in the related Option Agreement, the Plan and the Notice
of Exercise, each of which are attached hereto and incorporated herein in their entirety.

 

	Optionholder:	________________________
	Date of Grant:	________________________
	Vesting Commencement Date:	________________________
	Number of Shares Subject to Option:	________________________
	Exercise Price (Per Share):	________________________
	Total Exercise Price:	________________________
	Expiration Date:	________________________

 

	Type
    of Grant:	☐	 Incentive
    Stock Option1	☐	Nonstatutory
    Stock Option
		 	 	 	 
	Exercise
    Schedule:	☐ 	Same
    as Vesting Schedule	☐	Early
    Exercise Permitted

  

Vesting
Schedule: [          ]

 

	Payment:	By one or a combination of
    the following items (described in the Option Agreement):

 

		☐	By
cash, check, bank draft or money order payable to the Company

		☐	Pursuant
to a Regulation T Program if the shares are publicly traded

		☐	By
delivery of already-owned shares if the shares are publicly traded

		☐	If
                                         and only to the extent this option is a Nonstatutory Stock Option, and subject to the
                                         Company’s consent at the time of exercise, by a “net exercise” arrangement

 

Additional
Terms/Acknowledgements: Optionholder acknowledges receipt of, and understands and agrees to, this Stock Option Grant Notice,
the Option Agreement and the Plan. Optionholder acknowledges and agrees that this Stock Option Grant Notice and the Option Agreement
may not be modified, amended or revised except as provided in the Plan. Optionholder further acknowledges that as of the Date
of Grant, this Stock Option Grant Notice, the Option Agreement, and the Plan set forth the entire understanding between Optionholder
and the Company regarding this option award and supersede all prior oral and written agreements, promises and/or representations
on that subject with the exception of (i) options previously granted and delivered to Optionholder, (ii) any compensation recovery
policy that is adopted by the Company or is otherwise required by applicable law and (iii) any written employment or severance
arrangement that would provide for vesting acceleration of this option upon the terms and conditions set forth therein.

 

 

 

1
If this is an Incentive Stock Option, it (plus other outstanding Incentive Stock Options) cannot be first exercisable for
more than $100,000 in value (measured by exercise price) in any calendar year. Any excess over $100,000 is a Nonstatutory Stock
Option.

 

    1 

     

    

 

	Other
    Agreements:	 
	 	 
	 	 

 

By
accepting this option, you consent to receive such documents by electronic delivery and to participate in the Plan through an
on-line or electronic system established and maintained by the Company or another third party designated by the Company.

 

	QPAGOS	 	Optionholder:
	 	 	 	 	 
	By:	 	 	 	 
	 	Signature	 	 	Signature

 

	Title:	 	 	Email:	 
	Email:	 	 	Date:	 
	Date:	 	 	 	 
	 	 	 	 	 

Attachments:
Option Agreement, 2018 Stock Incentive Plan and Notice of Exercise

 

    2 

     

    

FORM
OF

QPAGOS

OPTION
AGREEMENT

(INCENTIVE
STOCK OPTION OR NONSTATUTORY STOCK OPTION)

 

Pursuant
to your Stock Option Grant Notice (“Grant Notice”) and this Option Agreement, QPAGOS
(the “Company”) has granted you an option under its 2018 Stock Incentive Plan (the “Plan”)
to purchase the number of shares of the Company’s Common Stock (the “Company Stock”) indicated
in your Grant Notice at the exercise price indicated in your Grant Notice. Defined terms not explicitly defined in this Option
Agreement but defined in the Plan shall have the same definitions as in the Plan.

 

The
details of your option are as follows:

 

1.       
 VESTING SCHEDULE. Your option shall vest and become exercisable at the time or times set forth in the accompanying Grant
Notice. In the event of a Change in Control, vesting of your option (if any) shall be as set forth in the Plan unless vesting
upon a Change in Control is set forth in the Grant Notice, in which case the Grant Notice will govern the option vesting schedule
notwithstanding the provisions of Section 15 herein.

 

2.
       
NUMBER OF SHARES AND EXERCISE PRICE. The number of shares of Company Stock subject to your option and your exercise price
per share referenced in your Grant Notice may be adjusted from time to time for certain events, including such as stock dividends,
split ups, mergers, spin-offs and the other events specified in the Plan.

 

3.
       
METHOD OF PAYMENT. You must pay the full amount of the exercise price for the shares you wish to exercise. You may pay
the exercise price in cash or by check, bank draft or money order payable to the Company or in any other manner permitted by your
Grant Notice, which may include one or more of the following:

 

(a)       
Provided
that at the time of exercise the Common Stock is publicly traded, pursuant to a program developed under Regulation T as promulgated
by the Federal Reserve Board that, prior to the issuance of Common Stock, results in either the receipt of cash (or check) by
the Company or the receipt of irrevocable instructions to pay the aggregate exercise price to the Company from the sales proceeds.
This manner of payment is also known as a “broker-assisted exercise”, “same day sale”, or “sell
to cover”.

 

(b)       
Provided that at the time of exercise the Common Stock is publicly traded, by delivery to the Company (either by actual delivery
or attestation) of already-owned shares of Common Stock that are owned free and clear of any liens, claims, encumbrances or security
interests, and that are valued at Fair Market Value on the date of exercise. “Delivery” for these purposes, in the
sole discretion of the Company at the time you exercise your option, will include delivery to the Company of your attestation
of ownership of such shares of Common Stock in a form approved by the Company. You may not exercise your option by delivery to
the Company of Common Stock if doing so would violate the provisions of any law, regulation or agreement restricting the redemption
of the Company’s stock.

 

(c)       
If this option is a Nonstatutory Stock Option, subject to the consent of the Company at the time of exercise, by a “net
exercise” arrangement pursuant to which the Company will reduce the number of shares of Common Stock issued upon exercise
of your option by the largest whole number of shares with a Fair Market Value that does not exceed the aggregate exercise price.
You must pay any remaining balance of the aggregate exercise price not satisfied by the “net exercise” in cash or
other permitted form of payment. Shares of Common Stock will no longer be outstanding under your option and will not be exercisable
thereafter if those shares (i) are used to pay the exercise price pursuant to the “net exercise,” (ii) are delivered
to you as a result of such exercise, and (iii) are withheld to satisfy your tax withholding obligations.

 

    3 

     

    

 

4.
       
 WHOLE SHARES. You may exercise your option only for whole shares of Company Stock.

 

5.
       
 SECURITIES LAW COMPLIANCE. Notwithstanding anything to the contrary contained herein, you may not exercise your option
unless the shares of Company Stock issuable upon such exercise are then registered under the Securities Act or, if such shares
of Company Stock are not then so registered, the Company has determined that such exercise and issuance would be exempt from the
registration requirements of the Securities Act. The exercise of your option also must comply with other applicable laws and regulations
governing your option, and you may not exercise your option if the Company determines that such exercise would not be in material
compliance with such laws and regulations.

 

6.
       
 TERM. You may not exercise your option before the commencement or after the expiration of its term. The term of your option
commences on the Date of Grant and unless otherwise specified in the Grant Notice expires upon the earliest of:

 

(a)
       
 Pursuant to the terms of your employment or consulting arrangement;

 

(b)       

The Expiration Date indicated in your Grant Notice; or

 

(c)
       
 The day before the tenth (10th) anniversary of the Date of Grant.

 

If
your option is an Incentive Stock Option, note that to obtain the federal income tax advantages associated with an Incentive Stock
Option, the Code requires that at all times beginning on the Date of Grant of your option and ending on the day three (3) months
before the date of your option’s exercise, you must be an employee of the Company or an Affiliate (defined as any “parent”
or “subsidiary” of the Company as such terms are defined in Rule 405 of the Securities Act), except in the event of
your death or Disability.

 

7.
       
 EXERCISE.

 

(a)
       
You may exercise the vested portion of your option during its term or as set forth in Section 1, if applicable, by delivering
the attached Notice of Exercise together with the exercise price to the Chief Executive Officer, the Chief Financial Officer and/or
the Chief Operating Officer of the Company, or to such other person as the Company may designate, during regular business hours,
together with such additional documents as the Company may then require. Each election to exercise this option shall be in writing,
signed by you, and delivered or mailed to the Chief Executive Officer or the Chief Financial Officer of the Company, or to such
other person as the Company may designate, at the Company’s principal Office located at Paseo del la Reforma, 404 Piso 15
PH Col. Juarez, Del. Cuauhtemoc, Mexico, D.F. C.P. 06600. The address for and the recipient of such Notice of Exercise may be
changed in the Company’s sole discretion and any such changes will be communicated to you. In the event an option is exercised
by the executor or administrator of your estate, by a Beneficiary, or by the person or person to whom the option has been transferred
by your will or the applicable laws of descent and distribution, the Company shall be under no obligation to deliver Company Stock
thereunder unless and until the Company is satisfied that the person or person exercising the option is or are your duly appointed
executor or administrator or the person to whom the option has been transferred by your will or by the applicable laws of descent
and distribution.

 

    4 

     

    

 

(b)
       
 By exercising your option you agree that, as a condition to any exercise of your option, the Company may require you to enter
into an arrangement providing for the payment by you to the Company of any tax withholding obligation of the Company arising by
reason of (1) the exercise of your option, (2) the lapse of any substantial risk of forfeiture to which the shares of Company
Stock are subject at the time of exercise, or (3) the disposition of shares of Company Stock acquired upon such exercise.

 

(c)
       
 If your option is an Incentive Stock Option, by exercising your option you agree that you will notify the Company in writing within
fifteen (15) days after the date of any disposition of any of the shares of the Company Stock issued upon exercise of your option
that occurs within two (2) years after the date of your option grant or within one (1) year after such shares of Company Stock
are transferred upon exercise of your option.

 

8.
       
 EXERCISE.

 

(a)
       
 You may exercise the vested portion of your option (and the unvested portion of your option if your Grant Notice so permits) during
its term by (i) delivering a Notice of Exercise (in a form designated by the Company) or completing such other documents and/or
procedures designated by the Company for exercise and (ii) paying the exercise price and any applicable withholding taxes to the
Company’s Secretary, stock plan administrator, or such other person as the Company may designate, together with such additional
documents as the Company may then require.

 

(b)
       
 By exercising your option you agree that, as a condition to any exercise of your option, the Company may require you to enter
into an arrangement providing for the payment by you to the Company of any tax withholding obligation of the Company arising by
reason of (i) the exercise of your option, (ii) the lapse of any substantial risk of forfeiture to which the shares of Common
Stock are subject at the time of exercise, or (iii) the disposition of shares of Common Stock acquired upon such exercise.

 

(c)
       
 If your option is an Incentive Stock Option, by exercising your option you agree that you will notify the Company in writing within
fifteen (15) days after the date of any disposition of any of the shares of the Common Stock issued upon exercise of your option
that occurs within two (2) years after the Date of Grant or within one (1) year after such shares of Common Stock are transferred
upon exercise of your option.

 

9.
       
 TRANSFERABILITY.

 

(a)       
 If your option is an Incentive Stock Option, your option is not transferable, except by will or by the laws of descent and distribution,
and is exercisable during your life only by you. Notwithstanding the foregoing, you shall have the right to designate a Beneficiary
or Beneficiaries who shall be entitled to any rights, payments or other benefits specified under the option following your death,
or in the absence of an authorized Beneficiary designation, by the legatee of the option under your will or by your estate in
accordance with your will or the laws of descent and distribution, in each case in the same manner and to the same extent that
the option was exercisable by you on the date of your death.

 

(b)       
 If your option is a Nonstatutory Stock Option, your option is not transferable, except (i) by will or by the laws of descent and
distribution, (ii) by instrument to a Beneficiary, (iii) by instrument to an inter vivos or testamentary trust (or other
entity) in which the option is to be passed to your designated beneficiaries; and (iv) with the prior written approval of the
Company, by gift, in a form acceptable by the Company.

 

    5 

     

    

 

10.       
OPTION NOT A SERVICE CONTRACT. Your option is not an employment or service contract, and nothing in your option shall be
deemed to create in any way whatsoever any obligation on your part to continue in the employ of the Company or an affiliate, or
of the Company or an affiliate to continue your employment. In addition, nothing in your option shall obligate the Company or
an affiliate, their respective stockholders, Boards of Directors, officers or employees to continue any relationship that you
might have as a Director or consultant for the Company or an affiliate.

 

11.
       
 WITHHOLDING OBLIGATIONS.

 

(a)
       
 At the time you exercise your option, in whole or in part, or at any time thereafter as requested by the Company, you hereby authorize
withholding from payroll and any other amounts payable to you, and otherwise agree to make adequate provision for any sums required
to satisfy the federal, state, local and foreign tax withholding obligations of the Company or an affiliate, if any, which arise
in connection with the exercise of your option.

 

(b)       

If this option is a Nonstatutory Stock Option, then upon your request and subject to approval by the Company, and compliance with
any applicable legal conditions or restrictions, the Company may withhold from fully vested shares of Common Stock otherwise issuable
to you upon the exercise of your option a number of whole shares of Common Stock having a Fair Market Value, determined by the
Company as of the date of exercise, not in excess of the minimum amount of tax required to be withheld by law (or such lower amount
as may be necessary to avoid classification of your option as a liability for financial accounting purposes). If the date of determination
of any tax withholding obligation is deferred to a date later than the date of exercise of your option, share withholding pursuant
to the preceding sentence shall not be permitted unless you make a proper and timely election under Section 83(b) of the Code,
covering the aggregate number of shares of Common Stock acquired upon such exercise with respect to which such determination is
otherwise deferred, to accelerate the determination of such tax withholding obligation to the date of exercise of your option.
Notwithstanding the filing of such election, shares of Common Stock shall be withheld solely from fully vested shares of Common
Stock determined as of the date of exercise of your option that are otherwise issuable to you upon such exercise. Any adverse
consequences to you arising in connection with such share withholding procedure shall be your sole responsibility.

 

(c)
       
You may not exercise your option unless the tax withholding obligations of the Company and/or any affiliate are satisfied. Accordingly,
you may not be able to exercise your option when desired even though your option is vested, and the Company shall have no obligation
to issue a certificate for such shares of Company Stock or release such shares of Company Stock from any escrow provided for herein
unless such obligations are satisfied.

 

12.
       
 TAX CONSEQUENCES. You hereby agree that the Company does not have a duty to design or administer the Plan or its other
compensation programs in a manner that minimizes your tax liabilities. You shall not make any claim against the Company, or any
of its officers, directors, employees or affiliates related to tax liabilities arising from your option or your other compensation.
In particular, you acknowledge that this option is exempt from Section 409A of the Code only if the exercise price per share specified
in the Grant Notice is at least equal to the Fair Market Value per share of the Company Stock on the Date of Grant and there is
no other impermissible deferral of compensation associated with the option.

 

13.
       
 NOTICES. Any notices provided for in your option or the Plan shall be given in writing and shall be deemed effectively
given upon receipt or, in the case of notices delivered by mail by the Company to you, five (5) days after deposit in the United
States mail, postage prepaid, addressed to you at the last address you provided to the Company.

 

    6 

     

    

 

14.
       
 GOVERNING PLAN DOCUMENT. Your option is subject to all the provisions of the Plan, the provisions of which are hereby made
a part of your option, and is further subject to all interpretations, amendments, rules and regulations, which may from time to
time be promulgated and adopted pursuant to the Plan. In the event of any conflict between the provisions of your option and those
of the Plan, the provisions of the Plan shall control.

 

15.         OTHER
DOCUMENTS. You hereby acknowledge receipt of and the right to receive a document providing the information required by Rule
428(b)(1) promulgated under the Securities Act, which includes the Plan prospectus. In addition, you acknowledge receipt of the
Company’s policy permitting certain individuals to sell shares only during certain “window” periods and the
Company’s insider trading policy, in effect from time to time.

 

16.
       
 RIGHTS OF OPTIONEE. This Agreement does not entitle you to any voting rights or, except for the foregoing notice provisions,
any other rights as a stockholder of the Company. No dividends are payable or will accrue on your option or the shares of Company
Stock purchasable under this Agreement until, and except to the extent that, your option are exercised. Upon the surrender of
your option and payment of the Exercise Price as provided above, the person or entity entitled to receive the shares of the Company
Stock issuable upon such exercise shall be treated for all purposes as the record holder of such shares as of the close of business
on the date of the surrender of your option for exercise as provided above. Upon the exercise of your option, you shall have all
of the rights of a stockholder in the Company.

 

17.
       
 GOVERNING LAW. This Agreement shall be governed by, construed and enforced in accordance with the laws of the State of
Nevada without giving effect to its principles governing conflicts of law.

 

*
* *

 

This
Option Agreement will be deemed to be signed by you upon the signing by you of

 

the
Grant Notice to which it is attached.

 

    7 

     

    

 

NOTICE
OF EXERCISE

 

QPAGOS

 

	 	Date of Exercise:	 

Ladies
and Gentlemen:

 

This
constitutes notice under my stock option award that I elect to purchase the number of shares for the price set forth below.

	 	 	 	 	 	 	 	 	 	 	 	 
	Type
    of option (check one):	 	Incentive
    ☐	 	Nonstatutory
    ☐
	 	 	 	 	 	 	 
	Stock
    option dated:	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 
	Number
    of Shares as to which option is exercised:	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 
	Certificates
    to be issued in name of:	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 
	Total
    exercise price:	 	$	 	 	 	 	$	 	 	 
	 	 	 	 	 	 	 
	 Cash
    payment delivered herewith:	 	$	 	 	 	 	$	 	 	 
	 	 	 	 	 	 
	 Value
    of Shares delivered herewith:	 	$	 	 	 	 	$	 	 	 
	 Value
    of Shares pursuant to net exercise:	 	$	 	 	 	 	$	 	 	 
	 Regulation
    T Program (cashless exercise):	 	$	 	 	 	 	$	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 

 

By
this exercise, I agree (i) to provide such additional documents as you may require pursuant to the terms of the QPAGOS 2018 Stock
Incentive Plan, (ii) to provide for the payment by me to you (in the manner designated by you) of your withholding obligation,
if any, relating to the exercise of this option, and (iii) if this exercise relates to an Incentive Stock Option, to notify you
in writing within fifteen (15) days after the date of any disposition of any of the Shares issued upon exercise of this option
that occurs within two (2) years after the date of grant of this option or within one (1) year after such Shares are issued upon
exercise of this option.

	 	 
	 	Very truly yours,
	 	 
	 	
	 	Signature
	 	 
	 	
	 	Print Name

 

    8Exhibit 4.3

 

QPAGOS

FORM
OF

NOTICE
OF AWARD OF RESTRICTED STOCK UNITS

2018
STOCK INCENTIVE PLAN

 

QPAGOS,
a Nevada corporation (the “Company”), awards to the undersigned (the “Participant”) the
following restricted stock units to acquire shares (the “Shares”) of the common stock of the Company, par value
$0.001 per share (the “Common Stock”), pursuant to the Company’s 2018 Stock Incentive Plan (the “Plan”):

 

	 	 
	Participant:

         
	[name
    of Participant]
	Total
Number of Restricted Stock Units

        (each
Restricted Stock Unit represents

        the
right to receive one share of Common

        Stock
        on the applicable vesting date):

         
	[#
        of Restricted Stock Units]

         

	Award
        Date:

         
	[           ]
	Vesting
        Commencement Date:

         
	[           ]
	Vesting
        Schedule:

         
	The
        Total Number of Restricted Stock Units shall vest and become exercisable in [   ] installments commencing on the Award Date,
        subject to Participant continuing to be an employee or service provider through each such date. For the avoidance of doubt,
        the Restricted Stock Units shall vest as follows: [    ].

         

	Final
    Exercise Date:	The
    [   ] anniversary of the Award Date, however, any unvested Restricted Stock Units may expire earlier pursuant
    to Section 2 of the Restricted Stock Unit Award Agreement if the Participant’s relationship with the Company is terminated.

 

These
Restricted Stock Units are awarded under and governed by the terms and conditions of the Plan and the Restricted Stock Unit Award
Agreement, both of which are incorporated herein by reference.  By signing below, the Participant accepts these Restricted
Stock Units, acknowledges receipt of a copy of the Plan and the Restricted Stock Unit Award Agreement, and agrees to the terms
thereof.

 

	 	 	 	 	 
	NAME	 	QPAGOS:
	 	 	 	 
	 	 	 	 
	 	 	By:  	 
	(Signature)	 	 	 
	 	 	Name: 	 
	 	 	 	 
	Address:	 	 	Title:  	 
	 	 	 	 
	 	 	Date: 	 

 

    1 

     

    

 

QPAGOS

FORM
OF

RESTRICTED
STOCK UNIT AWARD AGREEMENT

Awarded
under the 2018 Stock Incentive Plan

 

QPAGOS,
a Nevada corporation (the “Company”), has awarded to you the Restricted Stock Units (“RSUs”)
specified in the Notice of Award of Restricted Stock Units above (the “Notice”), which is incorporated into
this Restricted Stock Unit Award Agreement (the “Agreement”) and deemed to be a part hereof. The RSUs have
been awarded to you under Section 6(g) of the Company’s 2018 Stock Incentive Plan (the “Plan”),
on the terms and conditions specified in the Notice and this Agreement. Capitalized terms that are not otherwise defined herein
or in the Notice shall have the meanings given to such terms in the Plan.

 

	 	 
	1.	RESTRICTED STOCK
    UNIT AWARD

 

The
Board of Directors of QPAGOS (the “Board”) has awarded to you on the Award Date an Award of RSUs as designated
herein subject to the terms, conditions, and restrictions set forth in this Agreement and the Plan. Each RSU shall represent the
conditional right to receive, upon settlement of the RSU, one share of common stock of the Company (the “Common Stock”)
(subject to any tax withholding as described in Section 3). RSUs include the right to receive dividend equivalents as specified
in Section 4 (“Dividend Equivalents”). The purpose of such Award is to motivate and retain you as an employee
of the Company or a subsidiary of the Company, to encourage you to continue to give your best efforts for the Company’s
future success, and to increase your proprietary interest in the Company. Except as may be required by law, you are not required
to make any payment (other than payments for taxes pursuant to Section 3 hereof) or provide any consideration other than
the rendering of future services to the Company or a subsidiary of the Company.

 

	 	 
	2.	RESTRICTIONS,
    FORFEITURES, AND SETTLEMENT

 

Except
as otherwise provided in this Section 2, RSUs shall be subject to the restrictions and conditions set forth herein during
the Restricted Period (as defined below). Vesting of the RSUs is conditioned upon you remaining continuously employed by the Company
or a subsidiary of the Company following the Award Date until the relevant vesting date, subject to the provisions of this Section 2.
Assuming satisfaction of such employment conditions, the RSUs will become vested and nonforfeitable as follows: [ ].

 

In
the event you attain Retirement age while still an employee of the Company or a subsidiary, all unvested RSUs held by you at least
one year from the Award Date will become vested and non-forfeitable, and thereafter, so long as you remain an employee of the
Company or a subsidiary after attaining Retirement age, all other RSUs will become 100% vested one year from the Award Date.

 

	 	 	 
	 	(a)	Nontransferability.
    During the Restricted Period and any further period prior to settlement of your RSUs, you may not sell, transfer, pledge or
    assign any of the RSUs or your rights relating thereto. 

	 	 	 
	 	(b)	Time
    of Settlement. RSUs shall be settled promptly upon expiration of the Restricted Period without forfeiture of the RSUs
    (i.e., upon vesting) by delivery of one share of Common Stock for each RSU being settled; provided, however, that settlement
    of an RSU shall be subject to the Plan, including if applicable the six-month delay rule in the Plan pursuant to Section 409A
    of the Code). (Note: This rule may apply to any portion of the RSUs that vests after the time you become Retirement eligible
    under the Plan, and could apply in other cases as well). Settlement of RSUs or cash amounts that directly or indirectly
    result from Dividend Equivalents on RSUs or adjustments to RSUs shall occur at the time of settlement of, and subject to the
    restrictions and conditions that apply to, the awarded RSU. Until shares are delivered to you in settlement of RSUs, you shall
    have none of the rights of a stockholder of the Company with respect to the shares issuable in settlement of the RSUs, including
    the right to vote the shares and receive actual dividends and other distributions on the underlying shares of Common Stock.
    Shares of stock issuable in settlement of RSUs shall be delivered to you upon settlement in certificated form or in such other
    manner as the Company may reasonably determine. 

 

	 	(c)	Retirement
    and Death. In the event of your Retirement (as that term is defined in the Plan or your death while employed by the Company
    prior to the end of the Restricted Period, your RSUs shall become fully vested In the event of your death prior to the delivery
    of shares in settlement of RSUs (not previously forfeited), shares in settlement of your RSUs shall be delivered to your estate,
    upon presentation to the Board of letters testamentary or other documentation satisfactory to the Board, and your estate shall
    succeed to any other rights provided hereunder in the event of your death. 

 

    2 

     

    

 

	 	(d)	Termination
    not for Cause/ Termination Following Change in Control. Upon termination of your employment or service with the Company
    and its Subsidiaries such that you are no longer either an employee or consultant to the Company (i) by the Company or
    its Subsidiaries without Cause (including, in case of a Nonemployee Director, the failure to be elected as a Nonemployee Director)
    or (ii) by you  for “Good Reason” as defined  below) or the Company without Cause during the two
     year period following a Change in Control (as defined in the Plan), the Restricted Period and all remaining restrictions
    shall expire and the RSUs shall be deemed fully vested;  provided that you have been continuously employed by the Company
    for at least two years  and you sign a general release and, where deemed applicable by the Company, a non-compete and/or
    a non-solicitation agreement.   For purposes of this Agreement “Good Reason” shall have the definition
    set forth in your employment agreement with the Company and if there is no definition in your employment agreement with the
    Company then “good reason” shall mean the occurrence of any of the following events without your consent: (i)
    a material reduction in your base salary; (ii) a material breach by the Company of the terms of your employment agreement
    with the Company; (iii) a material reduction in your duties, authority and responsibilities relative to your duties, authority,
    and responsibilities in effect immediately prior to such reduction; or (iv) the relocation of your principal place of employment,
    without your consent, in a manner that lengthens your one-way commute distance by [   ] or more miles from
    your then-current principal place of employment immediately prior to such relocation.

	 	 	 
	 	(e)	Disability.
    In the event you become Disabled (as that term is defined in your employment agreement with the Company or if there is no
    definition in your employment agreement with the Company then the definition shall be the definition in the Plan), for the
    period during which you continue to be deemed to be employed by the Company or a subsidiary (i.e., the period during which
    you receive Disability benefits), you will not be deemed to have terminated employment for purposes of the RSUs. Upon the
    termination of your receipt of Disability benefits, (i) you will not be deemed to have terminated employment if you return
    to employment status, and (ii) if you do not return to employment status, you will be deemed to have terminated employment
    at the date of cessation of payments to you under all disability pay plans of the Company and its subsidiaries, with such
    termination treated for purposes of the RSUs as a Retirement or death. 

	 	 	 
	 	(f)	Other
    Termination of Employment. In the event of your voluntary termination, or termination by the Company for Cause (as defined
    in the Plan or your employment agreement with the Company) or misconduct or other conduct deemed by the Company to be detrimental
    to the interests of the Company, you shall forfeit all unvested RSUs on the date of termination. 

 

	 	(g)	Other
    Terms. 

	 	 	 
	 	(i)	You
    may, at any time prior to the expiration of the Restricted Period, waive all rights with respect to all or some of the RSUs
    by delivering to the Company a written notice of such waiver. 

 

	 	(ii)	Termination
    of employment includes any event if immediately thereafter you are no longer an employee of the Company or any subsidiary
    of the Company, subject to Section 2(h) hereof. References in this Section 2 to employment by the Company include
    employment by a subsidiary of the Company. Termination of employment means an event after which you are no longer employed
    by the Company or any subsidiary of the Company. Such an event could include the disposition of a subsidiary or business unit
    by the Company or a subsidiary. 
	 	 	 
	 	(iv)	Upon
    any termination of your employment, any RSUs as to which the Restricted Period has not expired at or before such termination
    shall be forfeited. Other provisions of this Agreement notwithstanding, in no event will an RSU that has been forfeited thereafter
    vest or be settled. 

	 	 	 
	 	(h)	The
    following events shall not be deemed a termination of employment: 

	 	 	 
	 	(i)	A
    transfer of you from the Company to a subsidiary, or vice versa, or from one subsidiary to another; 

    3 

     

    

 

	 	(ii)	A
    leave of absence, duly authorized in writing by the Company, for military service or sickness or for any other purpose approved
    by the Company if the period of such leave does not exceed ninety (90) days; and 

	 	 	 
	 	(iii)	A
    leave of absence in excess of ninety (90) days, duly authorized in writing, by the Company, provided your right to reemployment
    is guaranteed either by a statute or by contract. 

	 	 	 
	 	 	However,
    failure of you to return to active service with the Company or a subsidiary at the end of an approved leave of absence shall
    be deemed a termination of employment. During a leave of absence as defined in (ii) or (iii), although you will be considered
    to have been continuously employed by the Company or a subsidiary and not to have had a termination of employment under this
    Section 2, the Board may specify that such leave period shall not be counted in determining the period of employment
    for purposes of the vesting of the RSUs. In such case, the vesting dates for unvested RSUs shall be extended by the length
    of any such leave of absence. 

	 	 
	3.	TAXES

 

At
such time as the Company is required to withhold taxes with respect to the RSUs, or at an earlier date as determined by the Company,
you shall make remittance to the Company of an amount sufficient to cover such taxes or make such other arrangement regarding
payments of such taxes as are satisfactory to the Board. The Company and its subsidiaries shall, to the extent permitted by law,
have the right to deduct such amount from any payment of any kind otherwise due to you, including by means of mandatory withholding
of shares deliverable in settlement of your RSUs to satisfy the mandatory tax withholding requirements. When the Dividend Equivalents
you receive under Section 4, if any, become payable to you, they will be compensation (wages) for tax purposes and will be
included on your W-2 form. The Company will be required to withhold applicable taxes on such Dividend Equivalents. The Company
may deduct such taxes either from the gross Dividend Equivalents payable on such RSUs or from any other cash payments to be made
to or on account of you or may require you to make prompt remittance to the Company of such tax amounts. Any cash payment to you
under Section 4 of the Agreement will be included in your W-2 form as compensation and subject to applicable tax withholding.

 

	4.	DIVIDEND
    EQUIVALENTS AND ADJUSTMENTS

	 	 	 
	 	(a)	Dividend
    Equivalents shall be paid or credited on RSUs (other than RSUs that, at the relevant record date, previously have been settled
    or forfeited) as follows, except that the Board may specify an alternative treatment from that specified in (i), (ii), or
    (iii) below for any dividend or distribution: 

	 	 	 
	 	(i)	Cash
                                    Dividends. If the Company declares and pays a dividend or distribution on Common Stock
                                    in the form of cash, then you will be credited with a cash amount as of the payment date for
                                    such dividend or distribution equal to the number of RSUs credited to you as of the record
                                    date for such dividend or distribution multiplied by the amount of cash actually paid as a
                                    dividend or distribution on each outstanding share of Common Stock at such payment date. Any
                                    amounts credited under this Section 4(a)(i) shall be subject to the restrictions and
                                    conditions that apply to the RSU with respect to which the amounts are credited and will be
                                    payable when the underlying RSU becomes payable. If the underlying RSU does not vest or is
                                    forfeited, any amounts credited under this Section 4(a)(i) with respect to the underlying
                                    RSU will also fail to vest and be forfeited.

         

	 	(ii)	Non-Share
    Dividends. If the Company declares and pays a dividend or distribution on Common Stock in the form of property other than
    shares, then a number of additional RSUs shall be credited to you as of the payment date for such dividend or distribution
    equal to the number of RSUs credited to you as of the record date for such dividend or distribution multiplied by the Fair
    Market Value of such property actually paid as a dividend or distribution on each outstanding share of Common Stock at such
    payment date, divided by the Fair Market Value of a share at such payment date. Any RSUs credited to you under this Section 4(a)(ii)
    shall be subject to the restrictions and conditions that apply to the RSU with respect to which the RSUs are credited and
    will be payable when the underlying RSU becomes payable. If the underlying RSU does not vest or is forfeited, any RSUs credited
    under this Section 4(a)(ii) with respect to the underlying RSU will also fail to vest and be forfeited. You will be eligible
    to receive Dividend Equivalents on any RSUs credited to you under this Section 4(a)(ii). 

 

    4 

     

    

 

	 	(iii)	Common
    Stock Dividends and Splits. If the Company declares and pays a dividend or distribution on Common Stock in the form of
    additional shares, or there occurs a forward split of Common Stock, then a number of additional RSUs shall be credited to
    you as of the payment date for such dividend or distribution or forward split equal to the number of RSUs credited to you
    as of the record date for such dividend or distribution or split multiplied by the number of additional shares actually paid
    as a dividend or distribution or issued in such split in respect of each outstanding share of Common Stock. Any RSUs credited
    to you under this Section 4(a)(iii) shall be subject to the restrictions and conditions that apply to the RSU with respect
    to which the RSUs are credited and will be payable when the underlying RSU becomes payable. If the underlying RSU does not
    vest or is forfeited, any RSUs credited under this Section 4(a)(iii) with respect to the underlying RSU will also fail
    to vest and be forfeited. You will be eligible to receive Dividend Equivalents on any RSUs credited to you under this Section 4(a)(iii).
    

	 	 	 
	 	(b)	The
    number of your RSUs and other related terms shall be appropriately adjusted, in order to prevent dilution or enlargement of
    your rights with respect to RSUs, to reflect any changes in the outstanding shares of Common Stock resulting from any event
    referred to in Section 3(c) of the Plan, taking into account any RSUs credited to you in connection with such event under
    Section 4(a). 

 

	5.	EFFECT
    ON OTHER BENEFITS

 

In
no event shall the value, at any time, of the RSUs or any other payment under this Agreement be included as compensation or earnings
for purposes of any other compensation, retirement, or benefit plan offered to employees of the Company unless otherwise specifically
provided for in such plan.

 

	 	 
	6.	NO
    RIGHT TO CONTINUED EMPLOYMENT

 

Nothing
in the Plan or this Agreement shall confer on you any right to continue in the employ of the Company or any subsidiary or any
specific position or level of employment with the Company or any subsidiary or affect in any way the right of the Company or any
subsidiary to terminate your employment without prior notice at any time for any reason or no reason.

 

	 	 
	7.	ADMINISTRATION;
    UNFUNDED OBLIGATIONS

 

The
Board shall have full authority and discretion, subject only to the express terms of the Plan, to decide all matters relating
to the administration and interpretation of the Plan and this Agreement, and all such Board determinations shall be final, conclusive,
and binding upon the Company, you, and all interested parties. Any provision for distribution in settlement of your RSUs and other
obligations hereunder (including cash amounts set aside under Section 4(a)(i)) shall be by means of bookkeeping entries on
the books of the Company and shall not create in you or any beneficiary any right to, or claim against any, specific assets of
the Company, nor result in the creation of any trust or escrow account for you or any beneficiary. You and any of your beneficiaries
entitled to any settlement or distribution hereunder shall be a general creditor of the Company.

 

	 	 
	8.	AMENDMENT

 

This
Agreement shall be subject to the terms of the Plan, as amended from time to time, except that the Award which is the subject
of this Agreement may not be materially adversely affected by any amendment or termination of the Plan approved after the Award
Date without your written consent.

 

	 	 
	9.	SEVERABILITY
    AND VALIDITY

 

The
various provisions of this Agreement are severable, and any determination of invalidity or unenforceability of any one provision
shall have no effect on the remaining provisions.

 

	 	 
	10.	GOVERNING
    LAW

 

Except
to the extent preempted by any applicable federal law, this Agreement shall be construed and administered in accordance with the
laws of the State of Nevada, without reference to its principles of conflicts of law. The parties shall resolve all disputes,
controversies and differences which may arise between the parties, out of or in relation to or in connection with this Agreement
or the breach, termination, enforcement, interpretation or validity thereof, including the determination of the scope or applicability
of this Agreement to arbitrate, after discussion in good faith attempting to reach an amicable solution.  Such discussion
will begin immediately after one party has delivered to the other party a request for discussion. If the dispute, controversy,
or claim cannot be resolved within 30 days following the date on which the request for discussion is delivered, then it will be
finally settled by arbitration held in Durham, North Carolina in accordance with the latest Rules of the American Arbitration
Association. Such arbitration shall be conducted by one arbitrator appointed as follows: each party will appoint one arbitrator
and the appointed arbitrators shall appoint the deciding arbitrator.  The decision of the tribunal shall be final and may
not be appealed.  The arbitral tribunal may, in its discretion award fees and costs as part of its award. Judgment on the
arbitral award may be entered by any court of competent jurisdiction, including any court that has jurisdiction over either of
the party or any of their assets.

 

    5 

     

    

 

	12.	SUCCESSORS

 

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

 

	 	 
	13.	DATA PRIVACY

 

By
entering into this agreement, you (i) authorize the Company, and any agent of the Company administering the Plan or providing
Plan recordkeeping services, to disclose to the Company or any of its subsidiaries such information and data as the Company or
any such subsidiary shall request in order to facilitate the award of RSUs and the administration of the Plan; (ii) waive
any data privacy rights you may have with respect to such information; and (iii) authorize the company to store and transmit
such information in electronic form.

 

	 	 
	14.	ENTIRE
    AGREEMENT AND NO ORAL MODIFICATION OR WAIVER

 

This
Agreement contains the entire understanding of the parties. This Agreement shall not be modified or amended except in writing
duly signed by the parties, except that the Company may adopt a modification or amendment to the Agreement that is not materially
adverse to you in writing signed only by the Company. Any waiver of any right or failure to perform under this Agreement shall
be in writing signed by the party granting the waiver and shall not be deemed a waiver of any subsequent failure to perform.

 

	PARTICIPANT
	 	QPAGOS:

	 	 	 	 
	 	 	By:
     	 
	(Signature)	 	 	 
	 	 	Name:
    	 
	 	 	 	 
	Date:	 	 	Title:
     	 
	 	 	 	 
	 	 	 	Date:	 

 

I,
the Participant, have read this Agreement in its entirety. I understand that this Award has been granted to provide a means for
me to acquire and/or expand an ownership position in QPAGOS, and it is expected that, if applicable, I will retain the stock I
receive upon the vesting of this award consistent with the Company’s share retention guidelines. I acknowledge and agree
that sales of shares will be subject to the Company’s policy regulating trading by employees. In accepting this Award, I
hereby agree that such broker-dealer as the Company may choose to administer the Plan, may provide the Company with any and all
account information

 

    6

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