Document:

Exhibit 10.1

 

EXECUTION
VERSION

 

DEED OF IRREVOCABLE UNDERTAKING

  

		To:	Catalyst Holdings Limited (the “Offeror”)

 

December 15, 2020

 

Offer for Cardtronics plc (the “Company”)

 

I the undersigned understand
that the Offeror is considering the Acquisition substantially on the terms and conditions set out or referred to in the acquisition
agreement between the Offeror and the Company (as amended or modified) (the “Acquisition Agreement”), a copy
of which is annexed hereto.

 

All references in this undertaking
to the “Acquisition” shall mean the proposed acquisition of the shares in the Company by or on behalf of the Offeror,
which acquisition may be by way of a scheme of arrangement (under Part 26 of the Companies Act 2006) (referred to in this
undertaking as the “Scheme”) and include any revision or variation in the terms of any such acquisition.

 

		1.	Warranties and undertakings

 

		1.1	With effect from the date on which the Offeror and the Company enter into the Acquisition Agreement, I
irrevocably and unconditionally undertake, represent and warrant to the Offeror that:

 

		(A)	I am the sole beneficial owner of (or am otherwise able to control the exercise of all rights attaching
to, including the sole right to vote or to direct the vote of or to dispose of or direct the disposition and the ability to procure
the transfer of), and/or am the registered holder of, the number of ordinary shares of $0.01 each in the capital of the Company
set out in the first column of the table below (the “Shares”, which expression shall include any other shares
in the Company issued after the date hereof and attributable to or derived from such shares);

 

		(B)	I have not deposited any of the Shares into a voting trust or entered into a voting agreement or
arrangement with respect to the Shares or granted any proxy or power of attorney with respect thereto that is inconsistent with
this undertaking;

 

     

     

    

 

		(C)	I do not own (beneficially or otherwise), am not the registered holder of, and am not interested
in any shares or other securities of the Company other than those of which details are set out in the table below;

 

		(D)	I am able to transfer the Shares free from all liens, equities, charges, encumbrances, options,
rights of pre-emption, and any other third party rights and interests of any nature;

 

		(E)	I shall not directly or indirectly, whether by merger, consolidation, division, scheme, operation
of law or otherwise prior to the earlier of the Acquisition becoming effective or the valid termination of the Acquisition Agreement
(in accordance with its terms):

 

		(i)	sell, transfer, charge, encumber, grant any option over or otherwise dispose of or permit the sale,
transfer, charging or other disposition or creation or grant of any other encumbrance or option of or over all or any of such Shares
or interest in such Shares except under the Acquisition, or accept or authorize or approve any other offer in respect of all or
any of such Shares; or

 

		(ii)	other than pursuant to the Acquisition, enter into any agreement or arrangement or permit any agreement
or arrangement to be entered into or incur any obligation or permit any obligation to arise:

 

		(a)	in relation to, or operating by reference to, the Shares; or

 

		(b)	to do all or any of the acts referred to in paragraph (i) above; or

 

		(c)	which would or would reasonably be expected to restrict or impede the closing of the Acquisition
or otherwise preclude me from complying with my obligations under paragraph 2,

 

and references in this paragraph
(E) to any agreement, arrangement or obligation shall include any such agreement, arrangement or obligation whether or not
subject to any conditions or which is to take effect upon or following the Acquisition becoming effective or the valid termination
of the Acquisition Agreement (in accordance with its terms) or upon or following this undertaking ceasing to be binding or upon
or following any other event;

 

		(F)	prior to the earlier of the Acquisition becoming effective or the valid termination of the Acquisition
Agreement (in accordance with its terms), I shall not, in my capacity as a shareholder of the Company, without the prior written
consent of the Offeror, convene or requisition, or facilitate or encourage any other party’s effort to convene or requisition,
join in convening or requisitioning, any general or class meeting of the Company for the purposes of voting on any resolution referred
to under paragraphs 2.1(A)(ii) to 2.1(A)(iii) below;

 

     

     

    

 

		(G)	I shall not, in my capacity as a shareholder of the Company, directly or indirectly participate
or engage with, facilitate, solicit or encourage any person other than the Offeror to make any offer for any shares or other securities
of the Company or take any action which is or may be prejudicial to the successful outcome of the Acquisition or which would or
might have the effect of preventing any of the conditions of the Acquisition from being fulfilled;

 

		(H)	prior to the earlier of the Acquisition becoming effective or the valid termination of the Acquisition
Agreement (in accordance with its terms) and save for the Shares and the exercise of options under any of the Company’s share
option schemes, I will not acquire any shares or other securities of the Company (or any interest therein) and, if any such
shares, securities or interest (including for these purposes shares arising on exercise of options) is acquired by me, such shares,
securities or interest (as the case may be) shall be deemed to be included in the expression “Shares” for the purposes
of this undertaking and, save for the exercise of any options under any of the Company's share option schemes I shall notify the
Offeror promptly of any such acquisition and of any other dealing, disposal or change in the number of Shares; and

 

		(I)	I have full legal capacity, power and authority and the right (free from any legal or other restrictions),
and will at all times continue to have all relevant power and authority and the right, to enter into and perform my obligations
under this undertaking in accordance with their terms.

 

		2.	Scheme

 

		2.1	With effect from the date on which the Offeror and the Company enter into the Acquisition Agreement, I
irrevocably and unconditionally undertake, in my capacity as a shareholder, to the Offeror that:

 

		(A)	I shall exercise, or, where applicable, procure the exercise of, all voting rights attaching to
the Shares on any resolution (whether or not amended and whether put on a show of hands or a poll) which is proposed at any general
meeting of the Company (including any adjournment thereof) ("General Meeting") or at any meeting of holders of
shares in the Company convened by a Court (including any adjournment thereof) ("Court Meeting"):

 

		(i)	in favour of any resolution necessary to implement the Acquisition;

 

		(ii)	against any resolution which might reasonably be expected to impede or frustrate the Acquisition
in any way (which shall include any resolution to approve a scheme of arrangement relating to the acquisition of any shares in
the Company by a third party) or the fulfilment of any condition to the Acquisition; or

 

		(iii)	against any resolution to approve a scheme of arrangement relating to the acquisition of any shares
in the Company by a third party.

 

     

     

    

 

only in accordance
with the Offeror’s instructions;

 

		(B)	I shall exercise, or, where applicable, procure the exercise of, all rights attaching to the Shares
to requisition or join in the requisitioning of any general meeting of the Company for the purposes of voting on any resolution
referred to under paragraph (A) above, or to require the Company to give notice of any such meeting, only in accordance with
the Offeror’s instructions;

 

		(C)	for the purpose of voting on any resolution referred to under paragraph (A) above, I
shall, if required by the Offeror, execute any form of proxy required by the Offeror appointing any person nominated by the Offeror
to attend and vote at the relevant meetings; and

 

		(D)	without prejudice to paragraph (C), and in the absence of any such requirement by the Offeror, I
shall after the posting of the circular to be sent to shareholders of the Company containing an explanatory statement in respect
of the Scheme (the “Scheme Document”) (and without prejudice to any right I have to attend and vote in person
at the Court Meeting and the General Meeting to implement the Acquisition), return, or procure the return of, if applicable, the
signed forms of proxy enclosed with the Scheme Document (completed and signed and voting in favour of the resolutions to implement
the Acquisition) in accordance with the instructions printed on those forms of proxy and, if applicable, in respect of any Shares
held in uncertificated form, take or procure the taking of any action which may be required by the Company or its nominated representative
in order to make a valid proxy appointment and give valid proxy instructions (voting in favour of the resolutions to implement
the Acquisition), as soon as possible and in any event within seven days after the posting of the Scheme Document.

 

		3.	Miscellaneous

 

		3.1	The obligations and provisions set out in this undertaking apply equally to the persons from whom
I am to procure votes in favour of the resolutions to implement the Acquisition pursuant to paragraph 2.1(A) above and I shall
procure the observance by such persons of the terms hereof as if they were each specifically a party hereto.

 

		3.2	Notwithstanding anything else in this undertaking, no obligations and provisions hereof are applicable
to or binding on me acting in my capacity as a director of the Company, no action taken by me in such capacity shall be capable
of being a breach of this undertaking and I shall have no liability under this undertaking in respect of any action or omission
when acting in such capacity.

 

		3.3	I consent to the issue of any announcement in connection with the Acquisition incorporating references
to me and to this undertaking. I understand that, if the Acquisition proceeds, particulars of this undertaking will be contained
in the Scheme Document. I undertake to provide you with all such further information in relation to my interest and that of any
person connected with me as you may require in order to comply with other legal or regulatory requirements for inclusion in the
Scheme Document (or any other document required in connection with the Acquisition).

 

     

     

    

 

		3.4	I irrevocably and by way of security for my obligations hereunder appoint the Offeror and any director
or agent of the Offeror to be my attorney with full power and/or power of substitution to execute on my behalf proxy forms for
any Court Meeting or General Meeting in respect of the Shares other than any Shares which are Excluded Shares (as applicable) for
the duration of this undertaking and to sign, execute and deliver any documents and to do all acts and things as may be necessary
or advisable for the performance of my obligations under this undertaking.

 

		3.5	I agree that damages would not be an adequate remedy for breach of this undertaking and, accordingly,
the Offeror shall be entitled to the remedies of specific performance, injunction or other equitable remedies.

 

		3.6	This undertaking shall not oblige the Offeror to announce or proceed with the Acquisition. Without
prejudice to any accrued rights, obligations or liabilities, this deed and our obligations, undertakings, representations and warranties
herein shall terminate and cease to have any effect:

 

		(A)	on the date on which the Acquisition Agreement is validly terminated (in accordance with its terms);
or

 

		(B)	on the date on which a third party offer (whether implemented by way of a scheme or an offer) is
declared wholly unconditional or becomes effective, as applicable.

 

		3.7	This undertaking shall be governed by and construed in accordance with English law. Any matter,
claim or dispute, whether contractual or non-contractual, arising out of or in connection with this undertaking is to be governed
by and determined in accordance with English law and shall be subject to the exclusive jurisdiction of the English courts.

 

[Signature Page Follows]

 

     

     

    

 

I intend this document to be a deed and execute and deliver
it as a deed.

 

Executed as a deed by -

 

		 
	 	Signature
	 	 
	in the presence of:	 
	 	 
	Signature of witness	 
	 	 
	Name of witness	 
	 	 
	Address of witness	 
	 	 
	 	 
	 	 
	Occupation of witness	 
	 	 
	 	 

 

[Signature
Page to Director Shareholder Irrevocable Undertaking]

 

     

     

    

 

TABLE

 

	1. Number of ordinary shares	2. Number of ordinary shares under option	3. Interests in ordinary shares arising from loan stock	4.  *Registered owner	5.  *Beneficial owner
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 

 

* Where more than one, indicate number of shares attributable
to each.Exhibit 10.2

 

EXECUTION VERSION

 

DEED OF IRREVOCABLE UNDERTAKING

 

To:         Catalyst
Holdings Limited (the “Offeror”)

 

December 15, 2020

 

Offer for Cardtronics plc (the “Company”)

 

We the undersigned (collectively,
 “HEC”) understand that the Offeror is considering the Acquisition.

 

All references in this undertaking
to the “Acquisition” shall mean the proposed (and any revised or varied) acquisition of all of the shares in the Company
by or on behalf of the Offeror for a price per-share of $35.00 in cash on the terms set out in the acquisition agreement between
the Company and Offeror dated as of the date hereof (as it may be amended in accordance with its terms, the "Acquisition
Agreement"), which acquisition shall be implemented by way of a scheme of arrangement (under Part 26 of the Companies
Act 2006) (referred to in this undertaking as the “Scheme”) or a takeover offer (within the meaning of section
974 of the Companies Act 2006) (referred to in this undertaking as the “Offer”).

 

		1.	Warranties and undertakings

 

		1.1	With effect from the date on which the Offeror and the Company enter into the Acquisition Agreement,
we irrevocably and unconditionally undertake, represent and warrant to the Offeror that:

 

		(A)	Each of us is the sole beneficial owner of (and is otherwise able to control the exercise of all
rights attaching to, including the sole right to vote or to direct the vote of or to dispose of or direct the disposition of and
the ability to procure the transfer of), and/or are the registered holder of, the number of ordinary shares of $0.01 each in the
capital of the Company set out in the table below (the “Shares”, which expression shall include any other shares
in the Company issued after the date hereof and attributable to or derived from such shares);

 

    

    

    

 

		(B)	we have not deposited any of the Shares into a voting trust or entered into a voting agreement
or arrangement with respect to the Shares or granted any proxy or power of attorney with respect thereto that is inconsistent with
this undertaking;

 

		(C)	we do not own (beneficially or otherwise), are not the registered holder of, and are not interested
in any shares or other securities of the Company other than those of which details are set out in the table below;

 

		(D)	we are able to transfer the Shares free from all liens, equities, charges, encumbrances, options,
rights of pre-emption, and any other third party rights and interests of any nature;

 

		(E)	we shall not, directly or indirectly, whether by merger, consolidation, division, scheme or otherwise:

 

		(i)	sell, transfer, charge, encumber, grant any option over or otherwise dispose of or permit the sale,
transfer, charging or other disposition or creation or grant of any other encumbrance or option of or over all or any of such Shares
or interest in such Shares except under the Acquisition or to any of our affiliates (provided that such affiliates are bound to
the same extent as us hereunder in respect of such Shares), or accept or authorize or approve any other offer in respect of all
or any of such Shares; or

 

		(ii)	other than pursuant to the Acquisition, enter into any agreement or arrangement or procure any
agreement or arrangement to be entered into or incur any obligation:

 

		(a)	in relation to, or operating by reference to, the Shares;

 

		(b)	to do all or any of the acts referred to in paragraph (i) above; or

 

		(c)	which would or would reasonably be expected to restrict or impede the closing of the Acquisition
or otherwise preclude us from complying with our obligations under paragraphs 2 and 3,

 

and references in this paragraph
(E) to any agreement, arrangement or obligation shall include any such agreement, arrangement or obligation whether or not
subject to any conditions or which is to take effect upon or following the Acquisition becoming effective (or, if applicable, closing)
or the valid termination of the Acquisition Agreement (in accordance with its terms) or upon or following this undertaking ceasing
to be binding or upon or following any other event.

 

		(F)	we shall not without the prior written consent of the Offeror, convene or requisition or join in
convening or requisitioning, any general or class meeting of the Company;

 

    2

    

    

 

		(G)	save for the Shares, we will not acquire any shares or other securities of the Company (or any
interest therein) and, if any such shares, securities or interest is acquired by us, such shares, securities or interest (as the
case may be) shall be deemed to be included in the expression “Shares” for the purposes of this undertaking; and

 

		(H)	we have full legal capacity, power and authority and the right (free from any legal or other restrictions),
and will at all times continue to have all relevant power and authority and the right, to enter into and perform our obligations
under this undertaking in accordance with their terms. Our execution, delivery and performance of this undertaking has been duly
authorized under our governing documents and applicable law and will not breach or violate our governing documents, breach or violate
the terms or provisions of, or constitute a default under, any indenture or other agreement or instrument by which any of us or
the Shares are bound or conflict with or violate any provision of any law, rule, regulation, order, judgment or decree binding
upon us or by which any of the Shares are bound.

 

		2.	Scheme

 

		2.1	With effect from the date on which the Offeror and the Company enter into the Acquisition Agreement,
we irrevocably and unconditionally undertake, if the Acquisition is implemented by way of the Scheme, to the Offeror that:

 

		(A)	we shall exercise, or, where applicable, procure the exercise of, all voting rights attaching to
the Shares on any resolution (whether or not amended and whether put on a show of hands or a poll) which is proposed at any general
meeting of the Company (including any adjournment thereof) ("General Meeting") or at any meeting of holders of
shares in the Company convened by a Court (including any adjournment thereof) (“Court Meeting”) as follows:

 

		(i)	in favour of any resolution necessary to implement the Acquisition;

 

		(ii)	other than with the Offeror’s prior consent, against any resolution that might reasonably
be expected to impede, prevent, delay or frustrate in any way the Acquisition or the fulfilment of any condition to the Acquisition;
and

 

		(iii)	against any resolution to approve a scheme of arrangement relating to the acquisition of any shares
in the Company by a third party;

 

		(B)	we shall exercise, or, where applicable, procure the exercise of, all rights attaching to the Shares
to requisition or join in the requisitioning of any general meeting of the Company for the purposes of voting on any resolution
referred to under paragraph (A) above, or to require the Company to give notice of any such meeting, only in accordance with
the Offeror’s instructions;

 

    3

    

    

 

		(C)	for the purpose of voting on any resolution referred to under and in accordance with paragraph
(A) above, we shall, if required by the Offeror, execute a form of proxy appointing any person nominated by the Offeror to
attend and vote at the relevant meetings for such purpose; and

 

		(D)	without prejudice to paragraph (C), and in the absence of any such requirement by the Offeror,
we shall after the posting of the circular to be sent to shareholders of the Company containing an explanatory statement in respect
of the Scheme (the “Scheme Document”) (and without prejudice to any right we have to attend and vote in person
at the Court Meeting and the General Meeting to implement the Acquisition), return, or procure the return of, if applicable, the
signed forms of proxy enclosed with the Scheme Document (completed and signed and voting in favour of the resolutions to implement
the Acquisition) in accordance with the instructions printed on those forms of proxy and, if applicable, in respect of any Shares
held in uncertificated form, take or procure the taking of any action which may be required by the Company or its nominated representative
in order to make a valid proxy appointment and give valid proxy instructions (voting in favour of the resolutions to implement
the Acquisition), as soon as possible and in any event within seven days after the posting of the Scheme Document.

 

		3.	Offer

 

		3.1	With immediate effect, we irrevocably and unconditionally undertake, if the Acquisition is implemented
by way of the Offer, to the Offeror that:

 

		(A)	we shall as soon as possible and in any event within seven days after the posting of the formal
document containing the Offer (the “Offer Document”) (or, in respect of any shares allotted to us after the
posting of the Offer Document, within seven days of such allotment or acquisition) duly accept or procure acceptance of the Offer
in accordance with its terms in respect of the Shares other than Shares that are Excluded Shares under the acquisition agreement
and, in respect of such Shares held in certificated form, shall forward the relevant share certificate(s) to the Offeror or
its nominated representative (or a form of indemnity acceptable to the directors of the Company in respect of any lost certificate(s))
at the time of acceptance and, in respect of any such Shares held in uncertificated form, shall take any action which may be required
by the Offeror or its nominated representative;

 

		(B)	notwithstanding that the terms of the Offer Document will confer rights of withdrawal on accepting
shareholders, we shall not withdraw any acceptance of the Offer in respect of the Shares or any of them and shall procure that
no rights to withdraw any acceptance in respect of such Shares are exercised;

 

    4

    

    

 

		4.	Miscellaneous

 

		4.1	The obligations and provisions set out in this undertaking apply equally to the persons from whom
we are to procure votes in favour of the resolutions to implement the Acquisition pursuant to paragraph 2.1(A) above or acceptance
of the Offer pursuant to the terms of paragraph 3.1(A) above (as the case may be) and we shall procure the observance by such
persons of the terms hereof as if they were each specifically a party hereto. Notwithstanding anything else in this undertaking,
no obligations and provisions hereof are applicable to or binding on Mr Douglas Braunstein acting in his capacity as director of
the Company, no action taken by Mr Braunstein in such capacity shall be capable of being a breach of this undertaking and we shall
have no liability under this undertaking in respect of any action or omission of Mr Braunstein acting in such capacity.

 

		4.2	We consent to the issue of any announcement in connection with the Acquisition incorporating references
to us and to this undertaking. We understand that, if the Acquisition proceeds, particulars of this undertaking will be contained
in the Scheme Document or the Offer Document (as the case may be). We undertake to provide you with all such further information
in relation to our interest and that of any person connected with us as you may require in order to comply with other legal or
regulatory requirements for inclusion in the Scheme Document or the Offer Document (as the case may be) (or any other document
required in connection with the Acquisition).

 

		4.3	We irrevocably and by way of security for our obligations hereunder appoint the Offeror, and any
director or agent of the Offeror to be our attorney with full power and/or power of substitution to execute on our behalf proxy
forms for any Court Meeting or General Meeting called to approve the Scheme or forms of acceptance to be issued with the Offer
Document in respect of the Shares other than any Shares which are Excluded Shares (as applicable) for the duration of this undertaking
if and only if we fail to comply with any of our undertakings in paragraphs 2 or 3 hereof and to sign, execute and deliver any
incidental documents necessary for the foregoing.

 

		4.4	We agree that damages would not be an adequate remedy for breach of this undertaking and, accordingly,
the Offeror shall be entitled to the remedies of specific performance, injunction or other equitable remedies.

 

		4.5	This undertaking shall not oblige the Offeror to announce or proceed with the Acquisition. Without
prejudice to any accrued rights, obligations or liabilities, this deed and our obligations, undertakings, representations and warranties
herein shall terminate and cease to have any effect:

 

		(A)	if the Offeror delivers written notice to HEC that Offeror does not intend to proceed with the
Acquisition;

 

		(B)	a third party offer (whether implemented by way of a scheme or an offer) is declared wholly unconditional
or becomes effective, as applicable; or

 

		(C)	on the date on which the Acquisition Agreement is validly terminated in accordance with its terms.

 

    5

    

    

 

		4.6	This undertaking shall be governed by and construed in accordance with English law. Any matter,
claim or dispute, whether contractual or non-contractual, arising out of or in connection with this undertaking is to be governed
by and determined in accordance with English law and shall be subject to the exclusive jurisdiction of the English courts.

 

	We intend this document to be a deed and execute and deliver
it as a deed.	Hudson Executive Capital LP

 By: HEC Management GP LLC, its General Partner
	 	 
	Executed as a deed by - 	
	 	/s/ Douglas Braunstein
	 	Signature 
	 	 
	in the presence of:	Douglas Braunstein 
	 	Managing Member
	 	 
	Signature of witness	/s/ Michael D. Pinnisi
	 	 
	 	 
	Name of witness	Michael D. Pinnisi
	 	 
	 	 
	Address of witness	570 Lexington Avenue, 35th Floor 

New York, NY 10022
	 	 
	 	 
	Occupation of witness	Chief Operating Officer, Hudson Executive Capital LP

 

    6

    

    

 

	We intend this document to be a deed and execute and deliver
it as a deed.	HEC Master Fund LP 

By: HEC Performance GP LLC, its General Partner 

By: HEC Management GP LLC, its Managing Member
	 	 
	Executed as a deed by - 	
	 	/s/ Douglas Braunstein
	 	Signature 
	 	 
	in the presence of:	Douglas Braunstein 
	 	Managing Member
	 	 
	Signature of witness	/s/ Michael D. Pinnisi
	 	 
	 	 
	Name of witness	Michael D. Pinnisi
	 	 
	 	 
	Address of witness	570 Lexington Avenue, 35th Floor 

New York, NY 10022
	 	 
	 	 
	Occupation of witness	Chief Operating Officer, Hudson Executive Capital LP

 

    7

    

    

 

	We intend this document to be a deed and execute and deliver
it as a deed.	HEC SPV I LP 

By: HEC SPV I GP LLC, its General Partner 

By: HEC Management GP LLC, its Managing Member
	 	 
	Executed as a deed by - 	
	 	/s/ Douglas Braunstein
	 	Signature 
	 	 
	in the presence of:	Douglas Braunstein 
	 	Managing Member
	 	 
	Signature of witness	/s/ Michael D. Pinnisi
	 	 
	 	 
	Name of witness	Michael D. Pinnisi
	 	 
	 	 
	Address of witness	570 Lexington Avenue, 35th Floor 

New York, NY 10022
	 	 
	 	 
	Occupation of witness	Chief Operating Officer, Hudson Executive Capital LP

 

    8

    

    

 

TABLE

 

	*Registered holder(s)	HEC Master Fund LP (2, 463, 602), HEC SPV I LP (6,181,278)
	*Beneficial owner(s)	Hudson Executive Capital LP (8,644,880), HEC Management GP LLC (8,644,880), and Douglas Braunstein (8,644,880)
	Total number of shares	8,644,880

 

*Where more than one, indicate number
of shares attributable to each

 

    9

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