Document:

Exhibit 10.1

      

       

      

      September 17, 2019

      

      

      USA Technologies, Inc.

      100 Deerfield Lane

      Suite 300

      Malvern, PA  19355

      Attention: Glen Goold

      

      

      
        	 	
                Re:

              	
                AGREEMENT AND WAIVER

              

      

      

      

      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.

      

      

      Pursuant to that certain letter agreement regarding consent to extension dated as of June 27, 2019, the Loan Parties agreed that (a) by no later
        than September 30, 2019, the Loan Parties would move all Deposit Accounts (other than Excluded Accounts (as defined in the Security Agreement)) not maintained with the Administrative Agent to the Administrative Agent or close such Deposit Accounts
        (the “Deposit Account Move Date”) and (b) notwithstanding anything in the Security Agreement to the contrary, the Loan Parties would be permitted to maintain up to
        $1,500,000 in Deposit Accounts maintained with Silicon Valley Bank (such limit, the “SVB Deposit Limit”; such Deposit accounts, the “SVB Deposit Accounts”).

      

      

      The Loan Parties have informed the Administrative Agent that they have failed to comply with the SVB Deposit Limit (the “Specified Event of Default”) and, as result, an Event of Default has occurred and is continuing under the Credit Agreement.

      

      

      The Loan Parties have requested that the Administrative Agent and the Lenders (a) waive the Specified Event of Default, (b) extend the Deposit
        Account Move Date to March 31, 2020 (the “Deposit Account Moved Date Extension”), and (c) amend the SVB Deposit Limit to require only that the Loan Parties transfer all
        funds in the SVB Deposit Accounts in excess of $2,250,000 on the first Business Day of each calendar week to a Deposit Account maintained with the Administrative Agent.

       

      

      
        
          

      

      At your request and subject to the terms and conditions of this letter agreement, the Administrative Agent and the Lenders hereby (a) waive the
        Specified Event of Default, (b) consent to the Deposit Account Move Date Extension, and (c) agree that the Loan Parties may maintain funds in the SVB Deposit Accounts in excess of $2,250,000 so long as (i) on the first Business Day of each calendar
        week all amounts maintained in the SVB Deposit Accounts in excess of $2,250,000 are transferred to a Deposit Account maintained with the Administrative Agent and (ii) in no event shall the Loan Parties transfer any funds maintained in a Deposit
        Account with the Administrative Agent to an SVB Deposit Account.

      

      

      Each of the Loan Parties hereby (a) agrees that, after giving effect to the terms hereof, 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); provided, however, that (i) Section 3.04(a) of the Credit Agreement shall be subject to the restatement of the fiscal year 2017 financial statements of the Company disclosed in the Company’s Form 8-K dated February 6, 2019,  and (ii)
        Section 3.06(a)(i) of the Credit Agreement shall be subject to the purported class actions filed against the Company disclosed in the Company’s Form 12b-25 dated February 11, 2019, the purported class action filed against the Company in the Chester
        County, Pennsylvania, Court of Common Pleas (Docket No. 2019-04821-MJ) on May 17, 2019, and the purported class action filed against the Company in the United States District Court of the District of New Jersey (Case 2:19-cv-16597) on August 12,
        2019 which has been consolidated with the purported class actions referred to in the Company’s Form 12b-25 dated February 11, 2019, 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.

      

      

      Each Loan Party and their respective Affiliates, successors, assigns, and legal representatives (collectively, the “Releasors”), acknowledge and agree that through the date hereof, each Secured Party has acted in good faith and has conducted itself in a commercially reasonable manner in its relationships with the
        Releasors in connection with this agreement and in connection with the Secured Obligations, the Credit Agreement, and the other Loan Documents, and the obligations and liabilities of the Releasors existing thereunder or arising in connection
        therewith, and the Releasors hereby waive and release any claims to the contrary.  The Releasors hereby release, acquit, and forever discharge each Secured Party and its Affiliates (including, without limitation, its parent and its subsidiaries)
        and their respective officers, directors, employees, agents, attorneys, advisors, successors and assigns, both present and former (collectively, the “Secured Party Affiliates”)
        from any and all manner of losses, costs, defenses, damages, liabilities, deficiencies, actions, causes of action, suits, debts, controversies, damages, judgments, executions, claims, demands, and expenses whatsoever, asserted or unasserted, known
        or unknown, foreseen or unforeseen, in contract, tort, law or equity (generically, “Claims”), that any Releasor has or may have against any Secured Party and/or any
        Secured Party Affiliate by reason of any action, failure to act, event, statement, accusation, assertion, matter, or thing whatsoever arising from or based on facts occurring prior to the effectiveness of this Agreement that arises out of or is
        connected to the Loan Documents or the Secured Obligations.  Each of the Releasors hereby unconditionally and irrevocably agrees that it will not sue any Secured Party or any Secured Party Affiliate on the basis of any Claim released, remised, and
        discharged by such Releasor pursuant to this paragraph.  If any Releasor or any of their respective successors, assigns, or other legal representatives violates the foregoing covenant, each Releasor, for itself and its successors, assigns, and
        legal representatives, agrees to pay, in addition to such other damages as any Secured Party or any Secured Party Affiliate may sustain as a result of such violation, all reasonable and documented attorneys’ fees and costs incurred by any Secured
        Party or any Secured Party Affiliate as a result of such violation.

       

      
        
          

      

      This letter agreement shall not become effective until each of the Loan Parties and the Administrative Agent have executed and delivered this letter
        agreement to the Administrative Agent.  Except for the agreements and waivers 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 any other provision of the Credit Agreement or any other Loan Document. The agreements and waivers herein are one-time in nature and shall not be construed as an agreement to any future agreement or waiver. No agreement
        or waiver by the Administrative Agent or the Lenders under the Credit Agreement or any other Loan Document is granted or intended hereby except as expressly set forth herein.  Except as set forth herein, the agreements and waivers 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: Chief Executive Officer

            

      
         

        

      

      
        
          

      

      
        ADMINISTRATIVE AGENT AND SOLE LENDER:

         

        

      

      	 	
              JPMORGAN CHASE BANK, N.A.

            
	 	 
	 	
              By: /s/ Geraldine A. King

            	 
	 	
              Name: Geraldine A. King

            
	 	
              Title: Executive Director, Special Credits Risk

            

      
         

        

      

      
        
          

      

      CONSENT, REAFFIRMATION, AND AGREEMENT OF GUARANTORS

      

      

      Each of the undersigned (a) acknowledges receipt of the foregoing agreement and waiver (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 September 17, 2019

        

      

      	 	
              STITCH NETWORKS CORPORATION

            	 
	 	 	 
	 	
              By:

            	/s/ Stephen P. Herbert	 
	 	
              Name: Stephen P. Herbert

            	 
	 	
              Title: Chief Executive Officer

            	 
	 	 	 
	 	
              USAT CAPITAL CORP, LLC

            	 
	 	 	 
	 	
              By:

            	/s/ Stephen P. Herbert	 
	 	
              Name: Stephen P. Herbert

            	 
	 	
              Title: Chief Executive Officer

            	 
	 	 	 
	 	
              CANTALOUPE SYSTEMS, INC.

            	 
	 	
              By: 

            	/s/ Stephen P. Herbert	 
	 	
              Name: Stephen P. Herbert

            	 
	 	
              Title: Chief Executive OfficerExhibit 4.1

 

Advisors Asset Management, Inc.

18925 Base Camp Road

Monument, Colorado 80132

September 24, 2019

 

Advisors Disciplined Trust 1972

c/o The Bank of New York Mellon, as Trustee

BNY Atlantic Terminal

2 Hanson Place, 12th Floor

Brooklyn, New York 11217

 

Re: Advisors Disciplined Trust 1972 (the “Fund”)

Ladies and Gentlemen:

We have examined
the Registration Statement File No. 333-233474 for the above captioned Fund. We hereby consent to the use in the Registration Statement
of the references to Advisors Asset Management, Inc. as evaluator.

You are hereby authorized
to file a copy of this letter with the Securities and Exchange Commission.

 

	 	Very truly yours,
	 	 	 
	 	Advisors Asset Management, Inc.
	 	 	 
	 	 	 
	 	By	/s/ ALEX R. MEITZNER
	 	 	Alex R. Meitzner
	 	 	Senior Vice President

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