Document:

WorldCom Service Agreement dated April 21, 2002

  EXHIBIT 10.13
  WorldCom Service Agreement

	  MCI WORLDCOM COMMUNICATIONS, INC.
 	  
 	  INTERCEPT, I NC.
 
	  500 Clinton Center Drive, Bldg 4
 	  
 	  3150 Holcomb Bridge Road
 
	  Clinton, MS 39056
 	  
 	  Norcross, GA 30071
 
	  
 	  
 
	  
 	  
 
	  By:
 	  /s/ [ILLEGIBLE]
 	  
 	  By:
 	  /s/ MIKE SULPY
 
	  
 	 
 	  
 	  
 	 
 
	 Name:
 	  
 	  
 	  Name
 	  MIKE SULPY
 
	  
 	  
 	  
 	  
 	   
 
	  Title:
 	  
 	  
 	  Title:
 	  EVP
 
	  
 	  
 	  
 	  
 	  
 
	  Date:
 	  4-21-02
 	  
 	  Date:
 	  4/16/02
 
						

 ACCEPTANCE DEADLINE. This Agreement is binding upon execution by both parties. Acceptance of this Agreement by WorldCom is subject to Customer meeting WorldCom’s
standard credit terms and conditions which may be based on commercially available credit reviews and to which Customer hereby consents. This Agreement shall be of no force and effect and the offer contained herein shall be deemed withdrawn unless
this Agreement is executed by Customer and delivered to WorldCom on or before May 17, 2002.
  This Agreement for WorldCom Services, together with any Attachments and Schedules made part
hereof (“Agreement”), is made by and between MCI WORLDCOM Communications, Inc. (“WorldCom”), on behalf of itself and its affiliates and successors and Intercept, Inc. (“Customer”). WorldCom or its
providing affiliate will provide to Customer the Services as set forth herein. The rates, discounts, charges and credits set forth herein shall be effective the first day of the second full billing cycle following the acceptance and execution of
this Agreement by WorldCom. (“Effective Date”).
  TERMS AND CONDITIONS
  1.     SERVICES. WorldCom will provide to Customer the international, interstate, intrastate and local telecommunications services (“Services”) identified in Attachment A to this
Agreement.
  2.     TARIFF AND GUIDE. WorldCom’s provision of Services to Customer will be governed by WorldCom’s international, interstate and state
tariffs (“Tariff(s)”) and WorldCom’s “Service Publication and Price Guide” (“Guide”), each as supplemented by this Agreement. This Agreement incorporates by reference the terms of each such Tariff and the Guide.
When any Tariff provisions are canceled, Services will continue to be provided pursuant to this Agreement, as supplemented by the terms and conditions contained in the Guide, which will contain WorldCom’s standard rates, product descriptions,
terms and conditions that formerly had been tariffed. The Guide is incorporated herein by reference and will be available to Customer on WorldCom’s internet website (www.worldcom.com) and at WorldCom’s offices during regular business hours
at 500 Clinton Center Drive, Clinton, Mississippi 39056. The Company may modify the Guide from time to time, and any modification made will become effective and binding on Customer beginning on the first day of the next monthly billing cycle,
provided that no change shall become effective and binding on Customer until it has been posted in the Guide for at least fifteen (15) calendar days. Tariffs may be modified from time to time in accordance with law. The contractual relationship
between WorldCom and Customer shall be governed by the following order of precedence: (a) Tariffs; (b) provisions in this Agreement that expressly apply in lieu of, or that apply in addition to, provisions contained in Tariffs and/or the Guide; and
(c) provisions contained in the Guide.
 3.     TERM. The “Initial Term” shall begin on the Effective Date and end upon the completion of thirty-six
(36) months. The Agreement will be automatically extended (“Extended Term”) on a month-to-month basis upon the expiration of the Initial Term, unless either party has delivered written notice of its intent to terminate the Agreement at
least thirty (30) days prior to the end of the Initial Term. Either party may terminate this Agreement during the Extended Term upon thirty (30) days prior written notice. “Term” shall mean the Initial Term and the Extended
Term.
  4.     MINIMUM ANNUAL VOLUME COMMITMENT (“AVC”). Customer agrees to pay WorldCom no less than Seven Hundred Twenty Thousand Dollars ($720,000)
in Total Service Charges (as hereinafter defined) during each Contract Year. A “Contract Year” shall mean each consecutive twelve-month period of the Term commencing on the Effective Date. During each monthly billing period of the
Extended Term, Customer’s Total Service Charges must equal or exceed one-twelfth (1/12) of the AVC. “Total Service Charges” shall mean all charges for Services provided under this Agreement, after the application of all discounts and
credits, and shall specifically exclude: (i) taxes, tax-like charges and tax-related surcharges; (ii) charges for equipment and colocation; (iii) charges incurred for goods or services where WorldCom or WorldCom affiliate acts as agent for Customer
in its acquisition of goods or services; (iv) non-recurring charges; (v) “Governmental Charges” as defined below; and (vi) other charges expressly excluded by this Agreement.
  5.     UNDERUTILIZATION CHARGES. If, in any Contract Year during the Initial Term, Customer’s Total Service Charges do not meet or exceed the AVC, then Customer shall pay: (a) all accrued
but unpaid usage and other charges incurred under this Agreement; and (b) an “Underutilization Charge” equal to the difference between the AVC and Customer’s Total Service Charges during such Contract Year.
  6.     EARLY TERMINATION CHARGES. If: (a) Customer terminates this Agreement during the Term for reasons other than Cause; or (b) WorldCom terminates this Agreement for Cause pursuant
to the Sections entitled “Termination for Cause” or “Termination by WorldCom,” then Customer will pay, within thirty (30) days after such termination: (i) all accrued but unpaid charges incurred through the date of such
termination, plus (ii) an amount equal to fifty percent (50%) of the AVC for each Contract Year (and a pro rata portion thereof for any partial Contract Year) remaining in the unexpired portion of the Term on the date of such termination, plus (iii)
a pro rata portion of any and all credits received by Customer.
 7.     RATES AND CHARGES. Customer agrees to pay the rates and charges set forth in this Agreement.
In the event Customer receives services that are not the subject of rates, charges and discounts expressly set forth in this Agreement, Customer shall pay WorldCom’s standard rates as set forth in the Tariffs, (or Guide, if applicable) for
those services. Further, for any services purchased after the expiration of the Term, Customer shall pay WorldCom’s standard rates as set forth in the Tariffs, (or Guide, if applicable) for those services.
  8. GOVERNMENTAL CHARGES. WorldCom may adjust its rates and charges or impose additional rates and charges in order to recover amounts it is required or permitted by governmental or quasi-
 
PAGE 1 OF 8

	  Please mail originals to: MCI WorldCom Sales Contracts Administration, 500 Clinton Center Drive, Bldg 4; Clinton, MS 39056
 
	  Intercept, Inc. /JCameron/NC/Harty/ClD#367208/April 15, 2002
 	  WORLDCOM CONFIDENTIAL INFORMATION
 

   governmental authorities to collect from or pay to others in support of statutory or regulatory programs (“Governmental Charges”). Examples of such Governmental
Charges include, but are not limited to, Universal Service funding, Primary Interexchange Carrier Charge cost recovery, and compensation payable to payphone service providers for use of their payphones to access WorldCom’s service.

 9.     CHANGES TO THE GUIDE. If WorldCom makes any changes to the Guide or Governmental Charges which affect Customer in a material and adverse manner, Customer, as its sole
remedy, may discontinue the affected Service without liability by providing WorldCom with written notice of discontinuance within sixty (60) days of such change. Customer shall pay all charges incurred up to the time of Service discontinuance.
WorldCom may avoid Service discontinuance if, within sixty (60) days of receipt of Customer’s written notice, it agrees to amend this Agreement to eliminate the applicability of the material and adverse change. If a Service is discontinued
hereunder, the Customer’s AVC will be reduced, as appropriate, to accommodate the discontinuance. A “material and adverse change” shall not include, nor be interpreted to include, the introduction of a new service or any new service
feature associated with an existing service, including all terms, conditions and prices relating thereto.
 10.     TAXES. All charges are exclusive of applicable
taxes, tax-like charges, and tax-related surcharges (as such terms are defined in the Guide), which Customer agrees to pay. If Customer provides WorldCom with a duly authorized exemption certificate, WorldCom will exempt Customer in accordance with
law, effective on the date WorldCom receives the exemption certificate.
  11.     PAYMENT. Customer agrees to pay WorldCom for all Services within (30) days of
invoice date. All payments must be made in U.S. Dollars. Payments must be made at the address designated on the invoice or other such place as WorldCom may designate. Amounts not paid on or before thirty (30) days from invoice date shall be
considered past due, and Customer agrees to pay a late payment charge equal to the lessor of: (a) one and one-half percent (1.5%) per month, compounded; or (b) the maximum amount allowed by applicable law, as applied against the past due amounts.
Failure to remit payment within thirty (30) days of invoice date may result, upon Customer notification, in interruption or cancellation of Services under this Agreement. If Customer does not give WorldCom written notice of a dispute with respect to
WorldCom charges or taxes within six (6) months of the date of an invoice, such invoice shall be deemed to be correct and binding on Customer. At any time during the Term, WorldCom may request, and Customer shall furnish within ten (10) days of such
request a bond or other form of security deposit to assure payment. Customer shall be liable for the payment of all fees and expenses, including attorney’s fees, reasonably incurred in collecting, or attempting to collect, any charges owed
hereunder.
  12.     TERMINATION FOR CAUSE. Either party may terminate this Agreement for Cause. As to payment of invoices, “Cause” shall mean the
Customer’s failure to pay any invoice within thirty (30) days after the date of the invoice. For all other matters, “Cause” shall mean a breach by the other party of any material provision of this Agreement, provided that written
notice of the breach has been given to the breaching party, and the breach has not been cured within thirty (30) days after delivery of such notice.
 13.     TERMINATION
BY WORLDCOM. WorldCom may discontinue service and/or terminate this Agreement immediately upon notice to Customer if: (a) Customer fails, after WorldCom’s request, to provide a bond or security deposit; (b) Customer provides false
information to WorldCom regarding the Customer’s identity, creditworthiness, or its planned use of the Services; (c) interruption of service is necessary to prevent or protect against fraud or otherwise protect WorldCom’s personnel,
facilities or services; or (d) Customer interferes with WorldCom’s provision of services to any other customer.
  14.     CONFIDENTIAL INFORMATION. Commencing on
the date Customer executes this Agreement and continuing for a period of three (3) years from the termination of this Agreement, each party shall protect as confidential, and shall not disclose to any third party, any Confidential Information
received from the disclosing party or otherwise discovered by the receiving party during the Term of this Agreement, including, but not limited to, the pricing and terms of this Agreement, and any information relating to the disclosing party’s
technology, business affairs, and marketing or sales plans (collectively the “Confidential Information”). The parties shall use Confidential Information only for the purpose of this Agreement. The foregoing restrictions on use and
disclosure of Confidential Information do not apply to information that: (a) is in the possession of the receiving party at the time of its disclosure and is not otherwise subject to obligations of confidentiality; (b) is or becomes publicly known,
through no wrongful act or omission of the receiving party; (c) is received without restriction from a third party free to disclose it without obligation to the disclosing party; (d) is developed independently by the receiving party without
reference to the Confidential Information, or (e) is required to be disclosed by law, regulation, or court or governmental order.
  15.     DISCLAIMER OF WARRANTIES.
EXCEPT AS SPECIFICALLY SET FORTH IN THIS AGREEMENT, WORLDCOM MAKES NO WARRANTIES, EXPRESS OR IMPLIED, AS TO ANY WORLDCOM SERVICES, RELATED PRODUCTS, EQUIPMENT, SOFTWARE OR DOCUMENTATION. WORLDCOM SPECIFICALLY DISCLAIMS ANY AND ALL IMPLIED
WARRANTIES, INCLUDING WITHOUT LIMITATION ANY IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, OR TITLE OR NONINFRINGEMENT OF THIRD PARTY RIGHTS.
 16.     DISCLAIMER OF CERTAIN DAMAGES. NEITHER PARTY SHALL BE LIABLE TO THE OTHER FOR ANY INDIRECT, CONSEQUENTIAL, EXEMPLARY, SPECIAL, INCIDENTAL OR PUNITIVE DAMAGES, INCLUDING WITHOUT
LIMITATION LOSS OF USE OR LOST BUSINESS, REVENUE, PROFITS, OR GOODWILL, ARISING IN CONNECTION WITH THIS AGREEMENT, UNDER ANY THEORY OF TORT, CONTRACT, INDEMNITY, WARRANTY, STRICT LIABILITY OR NEGLIGENCE, EVEN IF THE PARTY KNEW OR SHOULD HAVE KNOWN
OF THE POSSIBILITY OF SUCH DAMAGES.
  17.     LIMITATION OF LIABILITY. TH E TOTAL LIABILITY OF WORLDCOM TO CUSTOMER IN CONNECTION WITH THIS AGREEMENT FOR ANY AND ALL
CAUSES OF ACTIONS AND CLAIMS, INCLUDING, WITHOUT LIMITATION, BREACH OF CONTRACT, BREACH OF WARRANTY, NEGLIGENCE, STRICT LIABILITY, MISREPRESENTATION AND OTHER TORTS, SHALL BE LIMITED TO THE LESSER OF: (A) DIRECT DAMAGES PROVEN BY CUSTOMER; OR (B)
THE AMOUNT PAID BY CUSTOMER TO WORLDCOM UNDER THIS AGREEMENT FOR THE ONE (1) MONTH PERIOD PRIOR TO ACCRUAL OF THE MOST RECENT CAUSE OF ACTION. NOTHING IN THIS SECTION SHALL LIMIT WORLDCOM’S LIABILITY: (A) IN TORT FOR ITS WILLFUL OR INTENTIONAL
MISCONDUCT; OR (B) FOR BODILY INJURY OR DEATH PROXIMATELY CAUSED BY WORLDCOM’S NEGLIGENCE; OR (C) LOSS OR DAMAGE TO REAL PROPERTY OR TANGIBLE PERSONAL PROPERTY PROXIMATELY CAUSE D BY WORLDCOM’S NEGLIGENCE.
  18.     ASSIGNMENT. Neither party may assign this Agreement or any of its rights hereunder without the prior written consent of the other party, which consent shall not be unreasonably withheld;
provided that WorldCom may assign this Agreement to an affiliate or successor without the Customer’s written consent.
  19      SERVICE MARKS. TRADEMARKS AND
NAME. Neither WorldCom nor Customer shall: (a) use any service mark or trademark of the other party; or (b) refer to the other party in connection with any advertising, promotion, press release or publication unless it obtains the other
party’s prior written approval.
  PAGE 2 OF 8

	  Please mail originals to: MCI WorldCom Sales Contracts Administration, 500 Clinton Center Drive, Bldg 4; Clinton, MS 39056
 
	 Intercept, Inc. /JCameron/NC/Harty/ClD#367208/April 15, 2002
 	  WORLDCOM CONFIDENTIAL INFORMATION
 

   20.     GOVERNING LAW. This Agreement shall be governed by the laws of the State of New York without regard to its choice of law principles.
Non-U.S. Services shall be subject to applicable local laws and regulations in any countries where such Services originate or terminate, including applicable locally filed Tariffs.
  21.      NOTICE. All notices, requests, or other communications (excluding invoices) hereunder shall be in writing and either transmitted via overnight courier, hand delivery or certified or
registered mail, postage prepaid and return receipt requested to the parties at the following addresses. Notices will be deemed to have been given when received. Customer must provide sixty (60) days prior written notice for the disconnection of
service.

	  With a copy to:
 	   
 	  With a copy to:
 	   
 
	  MCI WorldCom Communications, Inc.
 	  
 	  MCI WorldCom Communications, Inc.
 	  
 
	  500 Clinton Center Drive, Bldg 4
 	  
 	  1133 19th Street, NW
 	  
 
	 Clinton, MS 39056
 	  
 	  Washington, D.C. 20036
 	  
 
	  Attn: Contracts Administration
 	  
 	  Attn: Chief Counsel/ Business Transactions
 	  
 
	  
 	  
 	  Dept of Law and Public Policy
 	  
 

  To Customer: At the address provided on Page 1.
  22.      ENTIRE AGREEMENT. This Agreement (and any Attachments and other documents incorporated herein by reference) constitutes the entire agreement between the parties with respect to its
subject matter and supersedes all other representations, understandings or agreements, whether oral or written, that are not expressed herein (except that Customer shall remain liable for unpaid amounts owed therein to WorldCom by Customer)
including, without limitation, that certain WorldCom On-Net Service (Option 1) Agreement previously entered into by and between WorldCom and Customer, more particularly identified as bearing contract identifier number 325642, including the Amendment
bearing contract identifier number 3497, and that certain WorldCom On-Net Service (Option 2) Agreement previously entered into by and between WorldCom and Customer, more particularly identified as bearing contract identifier number 302379-02,
including the Amendment bearing contract identifier number 345474. Except as otherwise set forth herein, no amendment to this Agreement shall be valid unless in writing and signed by both parties
  PAGE 3 OF 8

	 Please mail originals to: MCI WorldCom Sales Contracts Administration, 500 Clinton Center Drive, Bldg 4; Clinton, MS 39056
 
	  Intercept, Inc. /JCameron/NC/Harty/ClD#367208/April 15, 2002
 	  WORLDCOM CONFIDENTIAL INFORMATION
 

   Attachment A
  Services
  1.     Services. For the following Services, Customer shall pay the applicable rates and receive the applicable discounts listed below, if any. Customer shall not be eligible to receive any
other additional discounts, promotions and/or credits (Tariffed or otherwise). For services that receive a discount off of the Guide / Tariff rates, any change in the Guide / Tariff rates will be reflected in the invoice for the next monthly billing
cycle. For services that receive a postalized rate which fluctuates with changes in the Guide / Tariff, those rates will be reviewed on the first day of January during each calendar year of the Term, and adjusted by an amount equal to the same
percentage by which the corresponding standard Guide / Tariff rates were adjusted during the immediately preceding calendar year. For services with fixed rates, the rates shall remain fixed for the Term. For services and charges not specifically set
forth in this Attachment. Customer shall pay WorldCom’s standard Guide / Tariff rates or charges for the applicable service.

	  
 	  1.1
 	  Interstate Outbound Voice Service, including interstate Card Service. In lieu of any other discounts or rates, Customer will receive the following postalized rates per
minute. These rates will not float with changes in the Guide:
 

 

	  (Option 1)
 	   
 	  TERMINATION
 	   
 
	 
 	   
 	 
 	   
 
	  ORIGINATION
 	   
 	  LOCAL
 	   
 	  SWITCHED
 	  
 
	 
 	   
 	 
 	   
 	 
 	  
 
	  LOCAL
 	  
 	  $
 	  0.0300
 	  
 	  $
 	  0.0300
 	  
 
	  
 	  
 	 
 	 
 	  
 	 
 	 
 	  
 
	 DEDICATED
 	  
 	  $
 	  0.0300
 	  
 	  $
 	  0.0300
 	  
 
	  
 	  
 	 
 	 
 	  
 	 
 	 
 	  
 
	  SWITCHED
 	  
 	  $
 	  0.0395
 	  
 	  $
 	  0.0495
 	  
 
	  
 	  
 	 
 	 
 	  
 	 
 	 
 	  
 

 

	  (Option 2)
 	   
 	  TERMINATION
 	   
 
	 
 	   
 	 
 	   
 
	  ORIGINATION
 	   
 	  LOCAL
 	   
 	  DEDICATED
 	   
 	  SWITCHED
 	   
 
	 
 	   
 	 
 	 
 	   
 	 
 	 
 	   
 	 
 	 
 	   
 
	 LOCAL
 	  
 	  $
 	  0.0326
 	  
 	  $
 	  0.0278
 	  
 	  $
 	  0.0358
 	  
 
	  
 	   
 	 
 	 
 	   
 	 
 	 
 	   
 	 
 	 
 	   
 
	 DEDICATED
 	  
 	  $
 	  0.0278
 	  
 	  $
 	  0.0300
 	  
 	  $
 	  0.0300
 	  
 
	  
 	  
 	 
 	 
 	  
 	 
 	 
 	  
 	 
 	 
 	  
 
	  SWITCHED
 	  
 	  $
 	  0.0462
 	  
 	  $
 	  0.0395
 	  
 	  $
 	  0.0495
 	  
 
	  
 	  
 	 
 	 
 	  
 	 
 	 
 	  
 	 
 	 
 	  
 

 

	  
 	  
 	  For Card Service, Customer will pay the Switched/Dedicated or the Switched/Switched rates, based on the type of termination.
 
	  
 	  
 	  
 
	  
 	  1.2
 	  Interstate Inbound Voice Service. In lieu of any other discounts or rates, Customer will receive the following postalized rates per minute. These rates will not float
with changes in the Guide:
 
	  
 	  
 	  
 

 

	 (Option 1)
 	   
 	  TERMINATION
 	   
 
	 
 	   
 	 
 	   
 
	  ORIGINATION
 	   
 	  LOCAL
 	   
 	  DEDICATED
 	   
 	  SWITCHED
 	   
 
	 
 	   
 	 
 	   
 	 
 	   
 	 
 	   
 
	 LOCAL
 	  
 	  $
 	  0.0300
 	  
 	  $
 	  0.0300
 	  
 	  $
 	  0.0395
 	  
 
	  
 	  
 	 
 	 
 	  
 	 
 	 
 	  
 	 
 	 
 	  
 
	  SWITCHED
 	  
 	  $
 	  0.0300
 	  
 	  $
 	  0.0300
 	  
 	  $
 	  0.0495
 	  
 
	  
 	  
 	 
 	 
 	  
 	 
 	 
 	  
 	 
 	 
 	  
 
	  
 	  
 	  
 	  
 	  
 	  
 	  
 	  
 	  
 	  
 	  
 
	 (Option 2)
 	  
 	  TERMINATION
 	  
 
	 
 	  
 	 
 	  
 
	 ORIGINATION
 	   
 	  LOCAL
 	   
 	  DEDICATED
 	   
 	  SWITCHED
 	   
 
	 
 	  
 	 
 	 
 	  
 	 
 	 
 	  
 	 
 	 
 	  
 
	  LOCAL
 	  
 	  $
 	  0.0326
 	  
 	  $
 	  0.0273
 	  
 	  $
 	  0.0462
 	  
 
	  
 	  
 	 
 	 
 	  
 	 
 	 
 	  
 	 
 	 
 	  
 
	 SWITCHED
 	  
 	  $
 	  0.0358
 	  
 	  $
 	  0.0300
 	  
 	  $
 	  0.0495
 	  
 
	  
 	  
 	 
 	 
 	  
 	 
 	 
 	  
 	 
 	 
 	  
 

 

	  
 	  1.3
 	  Frame Relay Service.
 
	  
 	  
 	  
 	  
 
	  
 	  
 	  1.3.1
 	  Interstate IXC Frame Relay Service (Option 1). In lieu of any other discounts or rates, Customer shall receive a fixed discount of sixty-nine percent (69%) off Interstate
IXC Frame Relay Service (Option 1) port and pvc rates only, (i.e., exclusive of charges for any non-Tariffed service elements, access charges, access coordination charges, network management charges, CPE, and taxes and tax-related surcharges) which
shall not fluctuate with changes in the standard list rates and/or the Tariff for Interstate IXC Frame Relay Service originating in the United States (excluding Metro Frame Relay Service). Access is additional and is not included. Enrollment and
provision of Services is subject to WorldCom Network Services, Inc. Tariff F.C.C. No. 9. The discount will apply to port and pvc rates that shall be fixed as of the 01/2002 Tariff date.
 
	  
 	  
 	  
 
	  
 	  1.3.2
 	  Interstate IXC Frame Relay Service (Option 2). In lieu of any other discounts or rates, Customer shall pay the following fixed recurring port and PVC charges only (i.e.,
exclusive of charges for any non-Tariffed or non-Guide service elements, access charges, access coordination charges, network management charges, CPE, and taxes and tax-related surcharges) for Interstate IXC Frame Relay Service originating in the
United States (excluding Metro Frame Relay Service). Access is additional and is not included.
 
	  
 	  
 	  
 
	  
 	  
 	 The Port and PVC rates are fixed for the term of the Agreement and will not fluctuate with changes in the Tariffs or Guide.
 

 
PAGE 4 OF 8

	  Please mail originals to: MCI WorldCom Sales Contracts Administration, 500 Clinton Center Drive, Bldg 4; Clinton, MS 39056
 
	  Intercept, Inc. /JCameron/NC/Harty/ClD#367208/April 15, 2002
 	  WORLDCOM CONFIDENTIAL INFORMATION
 

	  FRAME RELAY NETWORK RATES
 	   
 
	 
 	   
 
	  PORTRATES
 	   
 	  PVC (Simplex) RATES
 	   
 
	 
 	   
 	 
 	   
 
	 CIR
 	   
 	   
 	  Fixed
 	   
 	   
 	  CIR
 	   
 	   
 	  Fixed Rates
 	   
 
	 
 	   
 	 
 	 
 	   
 	 
 	 
 	   
 	 
 	 
 	   
 
	   
 	  Port Speed
 	  
 	   
 	   
 	  Rates
 	  
 	  
 	  16 Kbps
 	  
 	  $
 	  5.63
 	  
 
	   
 	 56/64 Kbps
 	  
 	  
 	  $
 	  106.02
 	  
 	  
 	  32 Kbps
 	  
 	  $
 	  11.26
 	   
 
	   
 	  128 Kbps
 	  
 	  
 	  $
 	  190.65
 	  
 	  
 	  48 Kbps
 	  
 	  $
 	  16.90
 	  
 
	   
 	 256 Kbps
 	  
 	  
 	  $
 	  275.59
 	  
 	  
 	  56/64 Kbps
 	  
 	  $
 	  22.52
 	  
 
	   
 	  384 Kbps
 	  
 	  
 	  $
 	  346.89
 	  
 	  
 	  112/128 Kbps
 	  
 	  $
 	  45.05
 	  
 
	   
 	 512 Kbps
 	  
 	  
 	  $
 	  427.80
 	  
 	  
 	  168/192 Kbps
 	  
 	  $
 	  67.57
 	  
 
	   
 	  768 Kbps
 	  
 	  
 	  $
 	  527.00
 	  
 	  
 	  224/256 Kbps
 	  
 	  $
 	  90.10
 	  
 
	   
 	 1024 MB
 	  
 	  
 	  $
 	  719.82
 	  
 	  
 	  280/320 Kbps
 	  
 	  $
 	  112.62
 	  
 
	   
 	  1.536 MB
 	  
 	  
 	  $
 	  920.39
 	  
 	  
 	  336/384 Kbps
 	  
 	  $
 	  135.15
 	  
 
	   
 	 3.072 MB
 	  
 	  
 	  $
 	  1,447.70
 	  
 	  
 	  392/448 Kbps
 	  
 	  $
 	  157.67
 	  
 
	   
 	  4.608 MB
 	  
 	  
 	  $
 	  1,710.27
 	  
 	  
 	  512 Kbps
 	  
 	  $
 	  180.20
 	  
 
	   
 	 6.144 MB
 	  
 	  
 	  $
 	  1,922.00
 	  
 	  
 	  504/576 Kbps
 	  
 	  $
 	  202.72
 	  
 
	   
 	  7.680MB
 	  
 	  
 	  $
 	  2,187.05
 	  
 	  
 	  560/640 Kbps
 	  
 	  $
 	  225.25
 	  
 
	   
 	 9.216 MB
 	  
 	  
 	  $
 	  2,533.94
 	  
 	  
 	  616/704 Kbps
 	  
 	  $
 	  247.77
 	  
 
	   
 	  10.752 MB
 	  
 	  
 	  $
 	  2,795.89
 	  
 	  
 	  672/768 Kbps
 	  
 	  $
 	  270.30
 	  
 
	   
 	 12.288 MB
 	  
 	  
 	  $
 	  3,057.53
 	  
 	  
 	  728/832 Kbps
 	  
 	  $
 	  292.82
 	  
 
	   
 	  19.800 M B
 	  
 	  
 	  $
 	  3,118.91
 	  
 	  
 	  784/896 Kbps
 	  
 	  $
 	  315.34
 	  
 
	   
 	 44.184 M B
 	  
 	  
 	  $
 	  3,759.68
 	  
 	  
 	  840/960 Kbps
 	  
 	  $
 	  337.87
 	  
 
	   
 	  
 	  
 	  
 	  
 	  
 	  
 	  
 	  1.024 MB
 	  
 	  $
 	  360.39
 	  
 
	   
 	  
 	  
 	  
 	  
 	  
 	  
 	  1.008/1.52 MB
 	  
 	  $
 	  406.44
 	  
 
	   
 	  
 	  
 	  
 	  
 	  
 	  
 	 1.1 20/1.280 MB
 	  
 	  $
 	  450.49
 	  
 
	   
 	  
 	  
 	  
 	  
 	  
 	  
 	  1.232/1.408 MB
 	  
 	  $
 	  495.54
 	  
 
	   
 	  
 	  
 	  
 	  
 	  
 	  
 	  1.344/1.536 MB
 	  
 	  $
 	  540.59
 	  
 
	   
 	  
 	  
 	  
 	  
 	  
 	  
 	 3.072 MB
 	  
 	  $
 	  1,081.18
 	  
 
	   
 	  
 	  
 	  
 	  
 	  
 	  
 	  4.608 MB
 	  
 	  $
 	  1,621.77
 	  
 
	   
 	  
 	  
 	  
 	  
 	  
 	  
 	  6.144 MB
 	  
 	  $
 	  2,162.36
 	  
 
	   
 	  
 	  
 	  
 	  
 	  
 	  
 	 7.680 MB
 	  
 	  $
 	  2,702.95
 	  
 
	   
 	  
 	  
 	  
 	  
 	  
 	  
 	  9.216 MB
 	  
 	  $
 	  3,243.54
 	  
 
	   
 	  
 	  
 	  
 	  
 	  
 	  
 	  10.752 MB
 	  
 	  $
 	  3.784.13
 	  
 
	   
 	  
 	  
 	  
 	  
 	  
 	  
 	 15.360 MB
 	  
 	  $
 	  5,405.90
 	  
 
	   
 	  
 	  
 	  
 	  
 	  
 	  
 	  18.432 MB
 	  
 	  $
 	  6,487.08
 	  
 
	   
 	  
 	  
 	  
 	  
 	  
 	  
 	  21.504 MB
 	  
 	  $
 	  7,568.27
 	  
 
	   
 	  
 	  
 	  
 	  
 	  
 	  
 	 24.576 MB
 	  
 	  $
 	  8,649.45
 	  
 
	   
 	  
 	  
 	  
 	  
 	  
 	  
 	  27.648 MB
 	  
 	  $
 	  9,730.63
 	  
 
	   
 	  
 	  
 	  
 	  
 	  
 	  
 	  30.720 MB 
 	  
 	  $
 	  10,811.81
 	  
 
	   
 	  
 	  
 	  
 	  
 	  
 	  
 	 33.792 MB
 	  
 	  $
 	  11,892.99
 	  
 
	   
 	  
 	  
 	  
 	  
 	  
 	  
 	  36.864 MB
 	  
 	  $
 	  12,974.17
 	  
 
	   
 	  
 	  
 	  
 	  
 	  
 	  
 	  39.936 MB
 	  
 	  $
 	  14,055.35
 	  
 
	   
 	  
 	  
 	  
 	  
 	  
 	  
 	 43.008 MB
 	  
 	  $
 	  15,136.53
 	  
 

 

	  
 	  
 	  1.3.3
 	  Metro Frame Relay Service (Option 1). In lieu of any other discounts or rates, Customer shall receive a fixed discount of sixty- nine percent (69%) off Metro Frame Relay
Service (Option 1) port and pvc rates only, (i.e., exclusive of charges for any non-Tariffed service elements, access charges, access coordination charges, network management charges, CPE, and taxes and tax-related surcharges) which shall not
fluctuate with changes in the standard list rates and/or the Tariff for Metro Frame Relay Service originating in the United States. Access is additional and is not included. Enrollment and provision of Services is subject to WorldCom Network
Services, Inc Tariff F.C.C. No. 9. The discount will apply to port and pvc rates that shall be fixed as of the 01/2002 Tariff date.
 
	  
 	  
 	  
 	  
 
	  
 	  
 	 1.3.4
 	  Metro Frame Relay Service (Option 2). In lieu of any other discounts or rates, Customer shall pay the following fixed recurring port and PVC charges only (i.e., exclusive
of charges for any non-Tariffed or non-Guide service elements, access charges, access coordination charges, network management charges, CPE. and taxes and tax-related surcharges) for Metro Frame Relay Service originating in the United States. Access
is additional and is not included.
 
	  
 	  
 	  
 	  
 
	  
 	  
 	  
 	  The Port and PVC rates are fixed for the term of the Agreement and will not fluctuate with changes in the Tariffs or Guide.
 

 
  PAGE 5 OF 8

	  Please mail originals to: MCI WorldCom Sales Contracts Administration, 500 Clinton Center Drive, Bldg 4; Clinton, MS 39056
 
	  Intercept, Inc. /JCameron/NC/Harty/ClD#367208/April 15, 2002
 	  WORLDCOM CONFIDENTIAL INFORMATION
 

	  METRO FRAME RELAY NETWORK RATES
 	   
 
	 
 	   
 
	 PORTRATES
 	   
 	  PVC RATES
 	   
 
	 
 	   
 	 
 	   
 
	  Port Speed
 	   
 	  Fixed Rates
 	   
 	  CIR
 	   
 	  Fixed Rates
 	   
 
	 
 	   
 	 
 	   
 	 
 	   
 	 
 	   
 
	 56/64K
 	  
 	  $
 	  25.73
 	  
 	  
 	  16K
 	  
 	  $
 	  0.63
 	  
 
	  128K
 	  
 	  $
 	  58.59
 	  
 	  
 	  32K
 	  
 	  $
 	  1.26
 	  
 
	  256K
 	  
 	  $
 	  79.67
 	  
 	  
 	  48K
 	  
 	  $
 	  1.89
 	  
 
	 384k
 	  
 	  $
 	  96.10
 	  
 	  
 	  56/64K
 	  
 	  $
 	  2.53
 	  
 
	  512K
 	  
 	  $
 	  112.53
 	  
 	  
 	  112/128K
 	  
 	  $
 	  5.05
 	  
 
	  76SK
 	  
 	  $
 	  126.79
 	  
 	  
 	  168/192K
 	  
 	  $
 	  7.58
 	  
 
	 1.536M
 	  
 	  $
 	  155.00
 	  
 	  
 	  224/256K
 	  
 	  $
 	  10.10
 	  
 
	  3.072M
 	  
 	  $
 	  437.72
 	  
 	  
 	  280/320K
 	  
 	  $
 	  12.62
 	  
 
	  4.608M
 	  
 	  $
 	  517.08
 	  
 	  
 	  336/384K
 	  
 	  $
 	  15.16
 	  
 
	 6.144M
 	  
 	  $
 	  580.94
 	  
 	  
 	  392/448K
 	  
 	  $
 	  17.68
 	  
 
	  7.680M
 	  
 	  $
 	  661.54
 	  
 	  
 	  512K
 	  
 	  $
 	  20.21
 	  
 
	  9.216M
 	  
 	  $
 	  766.32
 	  
 	  
 	  504/576K
 	  
 	  $
 	  22.73
 	  
 
	 10.752M
 	  
 	  $
 	  845.37
 	  
 	  
 	  560/640K
 	  
 	  $
 	  25.26
 	  
 
	  12.288M
 	  
 	  $
 	  924.42
 	  
 	  
 	  616/704K
 	  
 	  $
 	  27.79
 	  
 
	  19.800M*
 	  
 	  $
 	  1,076.63
 	  
 	  
 	  672/768K
 	  
 	  $
 	  30.31
 	  
 
	 44.184M
 	  
 	  $
 	  1,707.17
 	  
 	  
 	  728/832K
 	  
 	  $
 	  32.84
 	  
 
	   
 	  
 	  
 	  
 	  
 	  
 	  784/896K
 	  
 	  $
 	  35.36
 	  
 
	   
 	  
 	  
 	  
 	  
 	  
 	  840/960K
 	  
 	  $
 	  37.89
 	  
 
	   
 	  
 	  
 	  
 	  
 	  
 	 1.024M
 	  
 	  $
 	  40.41
 	  
 
	   
 	  
 	  
 	  
 	  
 	  
 	  1.008/1.152M
 	  
 	  $
 	  45.46
 	  
 
	   
 	  
 	  
 	  
 	  
 	  
 	  1.120/1.280M
 	  
 	  $
 	  50.52
 	  
 
	   
 	  
 	  
 	  
 	  
 	  
 	 1.232/1.408M
 	  
 	  $
 	  55.57
 	  
 
	   
 	  
 	  
 	  
 	  
 	  
 	  1.344/1.536M
 	  
 	  $
 	  60.62
 	  
 
	   
 	  
 	  
 	  
 	  
 	  
 	  3.072M
 	  
 	  $
 	  121.24
 	  
 
	   
 	  
 	  
 	  
 	  
 	  
 	 4.608M
 	  
 	  $
 	  181.86
 	  
 
	   
 	  
 	  
 	  
 	  
 	  
 	  6.144M
 	  
 	  $
 	  242.49
 	  
 
	   
 	  
 	  
 	  
 	  
 	  
 	  7.680M
 	  
 	  $
 	  303.11
 	  
 
	   
 	  
 	  
 	  
 	  
 	  
 	 9.216M
 	  
 	  $
 	  363.73
 	  
 
	   
 	  
 	  
 	  
 	  
 	  
 	  10.752M
 	  
 	  $
 	  424.35
 	  
 
	   
 	  
 	  
 	  
 	  
 	  
 	  15.360M
 	  
 	  $
 	  606.21
 	  
 
	   
 	  
 	  
 	  
 	  
 	  
 	 18.432M
 	  
 	  $
 	  727.45
 	  
 
	   
 	  
 	  
 	  
 	  
 	  
 	  21.504M
 	  
 	  $
 	  848.70
 	  
 
	   
 	  
 	  
 	  
 	  
 	  
 	  24.576M
 	  
 	  $
 	  969.94
 	  
 
	   
 	  
 	  
 	  
 	  
 	  
 	 27.648M
 	  
 	  $
 	  1,091.18
 	  
 
	   
 	  
 	  
 	  
 	  
 	  
 	  30.720M
 	  
 	  $
 	  1,212.42
 	  
 
	   
 	  
 	  
 	  
 	  
 	  
 	  33.792M
 	  
 	  $
 	  1,333.66
 	  
 
	   
 	  
 	  
 	  
 	  
 	  
 	 36.864M
 	  
 	  $
 	  1,454.91
 	  
 
	   
 	  
 	  
 	  
 	  
 	  
 	  39.936M
 	  
 	  $
 	  1,576.15
 	  
 
	   
 	  
 	  
 	  
 	  
 	  
 	  43.008M
 	  
 	  $
 	  1,697.39
 	  
 

 

	  1.4
 	  Dedicated Leased Line.
 
	  
 	  
 
	  
 	  1.4.1
 	  Private Line (Option 1). In lieu of all other rates and discounts (Tariffed or otherwise), during each monthly billing period of the Term, for each IXC circuit listed
below, Customer will pay the following rates per Voice Grade Equivalent (VGE). Access is not included and is additional.
 

 

	  Service Type
 	   
 	  Mileage Band
 	   
 	  Per (VGE Mile)
 	   
 	  Minimum Charge
 	   
 
	 
 	   
 	 
 	   
 	 
 	   
 	 
 	   
 
	 DSO
 	  
 	  
 	  0-500
 	  
 	  $
 	  0.53886
 	  
 	  $
 	  60.00
 	  
 
	  DSO
 	  
 	  
 	  501-1000
 	  
 	  $
 	  0.36603
 	  
 	  $
 	  60.00
 	  
 
	  DSO
 	  
 	  
 	  1001 +
 	  
 	  $
 	  0.1812
 	  
 	  $
 	  60.00
 	  
 
	 DS1
 	  
 	  
 	  0-500
 	  
 	  $
 	  0.064995
 	  
 	  $
 	  200.00
 	  
 
	  DS1
 	  
 	  
 	  501-1000
 	  
 	  $
 	  0.05019
 	  
 	  $
 	  200.00
 	  
 
	  DS1
 	  
 	  
 	  1001 +
 	  
 	  $
 	  0.03171
 	  
 	  $
 	  200.00
 	  
 

 

	  1.5
 	  Promotion: Customer is eligible to enroll in the Universal Tiered Access Promotion and must abide with the terms and conditions contained therein.

	  
 	  
 	  
 
	  1.6
 	  Installation Waiver: WorldCom will waive the one-time installation charges and other one-time, non-recurring, standard (non-expedite) charges associated with
the implementation of new domestic U.S. Services under this Agreement, except for the following three services: (i) eDSL, (ii) VPN, and (iii) PTT / third party services (including International Access and WorldCom International). Usage charges,
monthly recurring charges, expedite charges, change charges, surcharges, access or egress (or related) charges imposed by third parties, taxes or tax-like surcharges, or other Governmental Charges will not be waived.
 

 PAGE 6 OF 8

	  Please mail originals to: MCI WorldCom Sales Contracts Administration, 500 Clinton Center Drive, Bldg 4; Clinton, MS 39056
 
	  Intercept, Inc. /JCameron/NC/Harty/ClD#367208/April 15, 2002
 	  WORLDCOM CONFIDENTIAL INFORMATION
 

	  2.
 	  Credits.
 
	  
 	  
 	  
 
	  
 	 2.1
 	  MCI WorldCom Fund: The MCI WorldCom Fund (“Fund”) is subject to the terms and conditions in MCI Tariff FCC No. 1, as amended from time to time in accordance
with the law. WorldCom reserves the right to change the Fund, any benefits, conditions, and/or participation in whole or in part. Fund benefits are not transferable. Any and all tax liabilities and shipping costs arising from participation in the
Fund are solely the responsibility of Customer. WorldCom shall not be liable for products, services, and warranties, express or implied, of participating vendors. Customer may convert its Fund account balance to invoice credits, the credits will be
applied on a pro-rata basis to Customer’s first invoice following the end of the annual period in which the Customer makes such request and in each subsequent twelve (12) month period of the Customer’s term of service. Fund deposits earned
by Customer as a result of signing this Agreement are not renewable under this Agreement.
 
	  
 	  
 	  
 
	  
 	  
 	  MCI WorldCom Fund Deposit Customer will receive a one-time credit equal to five percent (5%) of Customer’s AVC for each year of the Term, applied as an MCI WorldCom-Fund
Deposit (“FD”).
 
	  
 	  
 	  
 
	  
 	  2.2
 	  On-Net Voice Promotions (Option 1 & 2). Customer will receive the 3 year On-Net Term Plan discounts off Intrastate service and Customer is eligible to enroll in the
Enhanced Intrastate Rate Discount Promotion. Customer must abide with the terms and conditions contained therein.
 
	  
 	  
 	  
 
	 3.
 	  Qualifying Conditions. Customer represents that it satisfies the following conditions as of the Effective Date: 
 
	  
 	  
 
	  
 	  3.1.
 	  Customer usage must meet or exceed $720,000 annually.
 
	  
 	  
 	  
 
	  4.
 	  Business Downturn. In the event of a business downturn beyond Customer’s control or a divestiture of an Affiliate of Customer that significantly reduces
the volume of network services required by the Customer with the result the Customer will be unable to meet its revenue and/or volume commitments under this Contract (notwithstanding Customer’s best efforts to avoid such a shortfall), MCI
WorldCom and Customer will cooperate in efforts to develop a mutually agreeable alternative proposal that will satisfy the concerns of both parties and comply with all applicable legal and regulatory requirements. By way of example and not
limitation, such alternative proposals may include changes in rates (in relation to the reduction in the AVC), nonrecurring charges (in relation to the reduction in the AVC), revenue and/or volume commitments, discounts, the multi-year services
period and other provisions. Subject to all applicable legal and regulatory requirements, including the requirements of the Federal Communications Commission and the Communications Act of 1934 (as revised and amended), MCI WorldCom will prepare and
file any tariff revisions necessary to implement such mutually agreeable alternative proposal. This provision shall not apply to change resulting from a decision by Customer to: (i) reduce its overall use of telecommunications; or (ii) transfer
portions of its traffic or projected growth to carriers other than MCI WorldCom. The Customer must give MCI WorldCom sixty (60) days’ prior written notice of the conditions it believes will require the application of this provision. This
provision does not constitute a waiver of any charges, including shortfall charges, incurred by the Customer prior to the time the parties mutually agree to amend or replace this Agreement.
 
	  
 	  
 
	 6.
 	  Technology Change.
 
	  
 	  
 
	  
 	  6.1
 	  In the event that (i) Customer is unable to satisfy the AVC solely as a result of a Customer’s migration from the Services set forth in this Agreement to other Services of
WorldCom which are not includable in determining Customer’s compliance with the AVC (“New Services”), and (ii) Customer certifies to WorldCom in writing that: (a) it has not substituted services provided by other vendors in place of
the discontinued Services and (b) it is not able to substitute for such migrated usage other telecommunications services provided to Customer by other vendors, then WorldCom agrees to reduce the AVC by the Customer’s minimum volume requirement,
calculated on an annual basis, for such New Service(s) pursuant to its agreement with WorldCom governing such usage.
 
	  
 	  
 	  
 
	  
 	  6.2
 	  Following the establishment by WorldCom of a revised AVC as set forth in the immediately preceding Subsection, the revised AVC shall replace the AVC throughout this Agreement
and Customer shall remain liable for charges pursuant to this Agreement, including, without limitation, Underutilization Charges and Early Termination Charges, based on the revised AVC. Notwithstanding anything herein to the contrary, in the event
of the establishment of a revised AVC, WorldCom may increase the rates provided and/or lower the discounts to Customer hereunder by sending at least thirty (30) days prior written notice thereof to Customer.
 
	  
 	  
 	  
 
	 7.
 	  Business Divestiture.
 
	  
 	  
 	  
 
	  
 	  7.1
 	  In the event that (i) Customer is unable to satisfy the AVC solely as a result of a “Business Divestiture” (as such term is hereinafter defined) and (ii) Customer
certifies to MCI WorldCom in writing that: (a) it has not substituted services provided by other vendors in place of the Services and (b) it is not able to substitute for such diminished MCI WorldCom usage other telecommunications services provided
to Customers by other vendors, then MCI WorldCom agrees to reduce the AVC by the product of the average monthly purchases attributable to such Business Divestiture during the six (6) months (or in the event that such Business Divestiture occurs
prior to the sixth(6th) monthly billing cycle of the Term, during the monthly billing cycles since the Commencement Date) preceding such Business Divestiture multiplied by twelve (12), up to a maximum of thirty percent (30%). For purposes
of this provision, “Business Divestiture” shall mean the sale of divestiture by Customer of a subsidiary, affiliate or significant operating unit that uses Services hereunder. Customer shall give MCI WorldCom immediate notice of a Business
Divestiture and shall promptly provide to MCI WorldCom in writing, documentation satisfactory to MCI WorldCom which establishes that a Business Divestiture has occurred.
 
	  
 	  
 	  
 
	  
 	  7.2
 	  Following the establishment by MCI WorldCom of a revised AVC as set forth in the immediately preceding Subsection, the revised AVC shall replace the AVC throughout this
Agreement and Customer shall remain liable for charges pursuant to this Agreement, including, without limitation, Underutilization Charges and Early Termination Charges, based on the revised AVC. Notwithstanding anything herein to the contrary, in
the event of the establishment of a revised AVC, MCI WorldCom may increase the rates provided and/or lower the discounts to Customer hereunder by sending at least thirty (30) days prior written notice thereof to Customer.
 

 PAGE 7 OF 8

	  Please mail originals to: MCI WorldCom Sales Contracts Administration, 500 Clinton Center Drive, Bldg 4; Clinton, MS 39056
 
	  Intercept, Inc. /JCameron/NC/Harty/ClD#367208/April 15, 2002
 	  WORLDCOM CONFIDENTIAL INFORMATION
 

	  8.
 	  Force Majeure. Any delay in or failure of performance by either party under this Agreement (other than a failure to comply with payment or surety obligations) shall not
be a breach of this Agreement if and to the extent caused by events beyond the reasonable control of the party affected, including without limitation, acts of God, embargoes, governmental restrictions, strikes, riots, wars or other military action,
civil disorders, rebellion, fires, floods, vandalism, or sabotage. Market conditions and/or fluctuations (including a downturn of Customer’s business) shall not be deemed force majeure events. The party whose performance is affected by such
events shall promptly notify the other party, giving details of the force majeure circumstances, and the obligations of the party giving such notice shall be suspended to the extent caused by the force majeure and so long as the force majeure
continues, and the time for performance of the affected obligation hereunder shall be extended by the length of the delay caused by the force majeure event.
 

  PAGE 8 OF 8

	  Please mail originals to: MCI WorldCom Sales Contracts Administration, 500 Clinton Center Drive, Bldg 4; Clinton, MS 39056
 
	 Intercept, Inc. /JCameron/NC/Harty/ClD#367208/April 15, 2002
 	 WORLDCOM CONFIDENTIAL INFORMATIONInterCept, Inc. 2002 Acquisitions Stock Option Plan

  EXHIBIT 10.32
 INTERCEPT,
INC.
2002 ACQUISITIONS STOCK OPTION PLAN
  
 
 

  INTERCEPT, INC.
2002 ACQUISITIONS STOCK OPTION PLAN
 TABLE OF CONTENTS

	  
 	  
 	  
 	 Page
 
	  
 	  
 	  
 	  
 
	 
ARTICLE 1 – DEFINITIONS
 	 1
 
	  
 	  
 	  
 	  
 	  
 	  
 
	 
ARTICLE 2 – THE PLAN
 	 4
 
	  
 	  
 	 2.1
 	  
 	 
Name
 	 4
 
	  
 	  
 	 2.2
 	  
 	 
Purpose
 	 4
 
	  
 	  
 	 2.3
 	  
 	 
Effective Date
 	 4
 
	  
 	  
 	  
 	  
 	  
 	  
 
	 
ARTICLE 3 – PARTICIPANTS
 	 4
 
	  
 	  
 	  
 	  
 	  
 	  
 
	 
ARTICLE 4 – ADMINISTRATION
 	 5
 
	  
 	  
 	 4.1
 	  
 	 
Duties and Powers of the Committee
 	 5
 
	  
 	  
 	 4.2
 	  
 	 
Interpretation; Rules
 	 5
 
	  
 	  
 	 4.3
 	  
 	 
No Liability
 	 6
 
	  
 	  
 	 4.4
 	  
 	 
Majority Rule
 	 6
 
	  
 	  
 	 4.5
 	  
 	 
Company Assistance
 	 6
 
	  
 	  
 	  
 	  
 	  
 	  
 
	 
ARTICLE 5 – SHARES OF STOCK SUBJECT TO PLAN
 	 6
 
	  
 	  
 	 5.1
 	  
 	 
Limitations
 	 6
 
	  
 	  
 	 5.2
 	  
 	 
Adjustments upon Changes in Capitalization, Merger or Asset Sale
 	 6
 
	  
 	  
 	  
 	  
 	  
 	  
 
	 
ARTICLE 6 – OPTIONS
 	 8
 
	  
 	  
 	 6.1
 	  
 	 
Types of Options Granted
 	 8
 
	  
 	  
 	 6.2
 	  
 	 
Option Grant and Agreement
 	 8
 
	  
 	  
 	 6.3
 	  
 	 
Exercise Price
 	 8
 
	  
 	  
 	 6.4
 	  
 	 
Exercise Period
 	 8
 
	  
 	  
 	 6.5
 	  
 	 
Option Exercise
 	 8
 
	  
 	  
 	 6.6
 	  
 	 
Non-Transferability of Option
 	 10
 
	  
 	  
 	 6.7
 	  
 	 
Termination of Employment or Service
 	 10
 
	  
 	  
 	 6.8
 	  
 	 
Employment Rights
 	 10
 
	  
 	  
 	 6.9
 	  
 	 
Effect of Change in Control
 	 10
 
	  
 	  
 	  
 	  
 	  
 	  
 
	 
ARTICLE 7 – TERMINATION AND AMENDMENT
 	 10
 
	  
 	  
 	 7.1
 	  
 	 
Termination and Amendment
 	 10
 
	  
 	  
 	 7.2
 	  
 	 
Effect on Optionee’s Rights
 	 11
 
	  
 	  
 	  
 	  
 	  
 	  
 
	 
ARTICLE 8 – MISCELLANEOUS
 	 12
 

 
  
 
 

    

	  
 	  
 	 8.1
 	  
 	 
Stock Certificates
 	 12
 
	  
 	  
 	 8.2
 	  
 	 
Relationship to Other Compensation Plans
 	 12
 
	  
 	  
 	 8.3
 	  
 	 
Replacement or Amended Grants
 	 12
 
	  
 	  
 	 8.4
 	  
 	 
Forfeiture for Competition
 	 12
 
	  
 	  
 	 8.5
 	  
 	 
Forfeiture for  Solicitation of Employees
 	 12
 
	  
 	  
 	 8.6
 	  
 	 
Plan Binding on Successors
 	 13
 
	  
 	  
 	 8.7
 	  
 	 
Singular, Plural; Gender
 	 13
 
	  
 	  
 	 8.8
 	  
 	 
Headings, etc., No Part of Plan
 	 13
 
	  
 	  
 	 8.9
 	  
 	 
Interpretation
 	 13
 
	  
 	  
 	  
 	  
 	  
 	  
 
	 
EXHIBIT A (Form of Stock Option Agreement)
 	 i
 
	  
 	  
 
	 
SCHEDULE A (Option Terms)
 	 v
 
	  
 	  
 
	 
SCHEDULE B (Notice of Exercise)
 	 vi
 

 
  
 
 

  INTERCEPT, INC.
2002 ACQUISITIONS STOCK OPTION PLAN
 
ARTICLE 1
DEFINITIONS
 As used in this Plan, the following terms have the following meanings unless
the context clearly indicates to the contrary:
 “Acquisition” means (i) any consolidation or merger of
the Company with or into any other corporation or other entity or person in which the shareholders of the Company before such consolidation or merger own less than fifty percent (50%) of the Company’s voting power immediately after such
consolidation or merger; or (ii) a sale of all or substantially all of the assets of the Company. 
 “Applicable
Laws” means the requirements relating to the administration of stock option plans under U.S. state corporate laws, U.S. federal and state securities laws, the Code, any stock exchange or quotation system on which the
Stock is listed or quoted and the applicable laws of any foreign country or jurisdiction where Options are granted under the Plan. 
 “Board” means the Board of Directors of the Company.
 “Cause”
means
 (i)       with respect to the Company or any subsidiary that employs the
recipient of an Option (the “recipient”) or for which such recipient primarily performs services, the commission by the recipient of an act of fraud, embezzlement, theft or proven dishonesty, or any other illegal act or practice (whether
or not resulting in criminal prosecution or conviction), or any act or practice that the Committee shall, in good faith, deem to have resulted in the recipient’s becoming unbondable under the Company’s or the subsidiary’s fidelity
bond; 
 (ii)      the willful engaging by the recipient in misconduct that the Committee
deems, in good faith, to be materially injurious to the Company or any subsidiary, monetarily or otherwise, including, but not limited, improperly disclosing trade secrets or other confidential or sensitive business information and data about the
Company or any subsidiaries and competing with the Company or its subsidiaries, or soliciting employees, consultants or customers of the Company in violation of law or any employment or other agreement to which the recipient is a party; or

 (iii)    the willful and continued failure or habitual neglect by the recipient to perform his or
her duties with the Company or the subsidiary substantially in accordance with the operating and personnel policies and procedures of the Company or the subsidiary generally applicable to all their employees. For purposes of this Plan, no act or
failure to act by the recipient shall be deemed be “willful” unless done or omitted to be done by recipient not in good faith and without reasonable belief that the recipient’s action or omission was in the best interest of the
Company and/or the subsidiary. 
 Notwithstanding the foregoing, if the recipient has entered into an employment agreement that is binding as of the date of employment termination,
and if such employment agreement defines “Cause,” then the definition of “Cause” in such agreement shall apply to the recipient in this Plan. Whether “Cause” exists under either (i), (ii) or (iii) in any particular
circumstance shall be determined by the Committee.
  
 
 

  “Change in Control” means the occurrence of either of the following
events:
 (i)       A change in the composition of the Board as a result of which
fewer than one-half of the incumbent directors are directors who either:
 (A)    Had been directors
of the Company 24 months before such change; or
 (B)    Were elected, or nominated for election, to
the Board with the affirmative votes of at least a majority of the directors who had been directors of the Company 24 months before such change and who were still in office at the time of the election or nomination; or
 (ii)      Any “person” (as such term is used in sections 13(d) and 14(d) of the Exchange Act), other
than any person who is a shareholder of the Company on or before the Effective Date, by the acquisition or aggregation of securities is or becomes the beneficial owner, directly or indirectly, of securities of the Company representing fifty percent
(50%) or more of the combined voting power of the Company’s then outstanding securities ordinarily (and apart from rights accruing under special circumstances) having the right to vote at elections of directors (the “Base Capital
Stock”); except that any change in the relative beneficial ownership of the Company’s securities by any person resulting solely from a reduction in the aggregate number of outstanding shares of Base Capital Stock, and any decrease
thereafter in such person’s ownership of securities, shall be disregarded until such person increases in any manner, directly or indirectly, such person’s beneficial ownership of any securities of the Company.
 “Code” means the United States Internal Revenue Code of 1986, including effective date and transition rules (whether or not
codified). Any reference in this Plan to a specific section of the Code shall be deemed to include a reference to any corresponding provision of future law.
 “Committee” means a committee of at least two Directors appointed from time to time by the Board, having the duties and authority provided in this Plan in addition to any other
authority granted by the Board. In selecting the Committee, the Board shall consider (i) the benefits under Section 162(m) of the Code of having a Committee composed of Outside Directors for certain grants of Options to highly compensated
executives, and (ii) the benefits under Rule 16b-3 of having a Committee composed of either the entire Board or a Committee of at least two Directors who are Non-Employee Directors for Options granted to or held by any Section 16 Insider. At any
time that the Board shall not have appointed a committee as described above, any reference in this Plan to the Committee means the Board.
 “Company” means InterCept, Inc., a Georgia corporation.
 “Consultant” means any consultant or adviser if: (i) the consultant or adviser renders bona fide services to the Company or any subsidiary of the Company; (ii) the services rendered by the consultant or adviser are
not in connection with the offer or sale of securities in a capital-raising transaction and do not directly or indirectly promote or maintain a market for the Company’s securities; and (iii) the consultant or adviser is a natural person who has
contracted directly with the Company or any subsidiary of the Company to render such services. 
 “Effective Date” means April 16, 2002.
 “Director” means a member of the Board.
  
 

2

  “Employee” means any person who is an employee (as defined in accordance with
Section 3401(c) of the Code) of the Company or any subsidiary of the Company. An Officer or Director who meets the foregoing definition is an Employee. An Employee shall not cease to be an Employee in the case of (i) any leave of absence approved by
the Company or (ii) transfers between locations of the Company or between the Company, any subsidiary, or any successor. Neither service as a Director nor payment of a director’s fee by the Company shall be sufficient, by itself, to constitute
“employment” by the Company. 
 “Exchange Act” means the Securities Exchange Act of 1934, as
amended. Any reference in this Plan to a specific section of the Exchange Act shall be deemed to include a reference to any corresponding provision of future law.
 “Exercise Price” means the price at which an Optionee may purchase a share of Stock under a Stock Option Agreement.
 “Fair Market Value” means, as of any date, the value of a share of Stock determined as follows: 
 (i)       if the Stock is listed on any established stock exchange or a national market system, including, without limitation, the Nasdaq
National Market or The Nasdaq SmallCap Market of The Nasdaq Stock Market, its Fair Market Value shall be the closing sales price for a share of the Stock (or the closing bid, if no sales were reported) as quoted on such exchange or system for the
last market trading day prior to the time of determination, as reported in The Wall Street Journal or such other source as the Committee deems reliable; 
 (ii)      if the Stock is regularly quoted by a recognized securities dealer but selling prices are not reported, its Fair Market Value shall be the mean between the high
bid and low asked prices for a share of the Stock on the last market trading day prior to the day of determination; or 
 (iii)    in the absence of an established market for the Stock, the Fair Market Value shall be determined in good faith by the Committee. 
 “Independent Director” means a Director who is not an Employee of the Company.
 “Non-Employee Director” shall have the meaning provided in Rule 16b-3 under the Exchange Act, as the same may be in effect from time to time, or in any successor rule to it, and shall
be determined for all purposes under the Plan according to interpretative or “no-action” positions with respect to it issued by the SEC.
 “Officer” means a person who constitutes an officer of the Company for the purposes of Section 16 of the Exchange Act, as determined by reference to such Section 16, and applicable SEC
rules, regulations, and interpretative or “no-action” positions, as the same may be in effect or provided from time to time, and to applicable judicial decisions.
 “Option” means an option to purchase Stock granted pursuant to Article 6 of this Plan.
 “Optionee” means a person to whom an Option has been granted under this Plan.
 “Outside Director” has the meaning provided in Section 162(m) of the Code.
  
 

3

  “Permanent and Total Disability” shall have the same meaning as given to that
term by Code Section 22(e)(3) and any regulations or rulings promulgated under that Section of the Code.
 “Plan” means this 2002 Acquisitions Stock Option Plan of InterCept, Inc.
 “Purchasable” shall
refer to Stock that may be purchased by an Optionee under the terms of this Plan on or after a certain date specified in the applicable Stock Option Agreement.
 “Qualified Domestic Relations Order” shall have the meaning provided in the Code or in the Employee Retirement Income Security Act of 1974, or the rules and regulations promulgated
under the Code or such Act.
 “SEC” means the United States Securities and Exchange
Commission.
 “Section 16 Insider” means any person who is subject to the provisions of Section 16
of the Exchange Act, as provided in Rule 16a-2 promulgated pursuant to the Exchange Act.
 “Stock”
means the Common Stock, no par value, of the Company or, in the event that the outstanding shares of Stock are hereafter changed into or exchanged for shares of a different stock or securities of the Company or some other entity, such other stock or
securities.
 “Stock Option Agreement” means an agreement between the Company and an Optionee under
which the Optionee may purchase Stock under this Plan, a sample form of which is attached to this Plan as Exhibit A (which form may be varied by the Committee in granting an Option).
 
ARTICLE 2
THE PLAN
 2.1     
Name. This Plan shall be known as the “2002 Acquisitions Stock Option Plan.”
 2.2     
Purpose. The purpose of the Plan is to advance the interests of the Company, its subsidiaries, and its shareholders by affording certain Employees and Directors of the Company and certain of its
subsidiaries, and Consultants to the Company or such subsidiaries, an opportunity to acquire or increase their proprietary interests in the Company. The objective of the issuance of the Options is to promote the growth and profitability of the
Company and its subsidiaries because the Optionees will be provided with an additional incentive to achieve the Company’s objectives through participation in its success and growth and by encouraging their continued association with or service
to the Company.
 2.3     
Effective Date. The Plan shall become effective on April 16, 2002. 
 
ARTICLE 3
PARTICIPANT
 The class of persons eligible to participate in the Plan shall consist of all
persons (i) who are former employees of, or Consultants to, Internet Billing Company, Ltd., Electronic Payment Exchange, Inc., or their affiliates, (ii) whose participation in the Plan is an inducement essential to their entering into a 

4

  written employment contract with the Company or a subsidiary of the Company, and (iii) whose participation in the Plan the Committee determines to be in the
best interests of the Company.
 
ARTICLE 4
ADMINISTRATION
 4.1     
Duties and Powers of the Committee. 
 (a)      The Plan shall be administered by the Committee. Within the scope of such authority, the Board or the Committee may 
 (i)      delegate to a committee of one or more members of the Board who are not Independent Directors the authority to grant awards under the Plan to eligible persons who are either (1) not then
“covered employees,” within the meaning of Section 162(m) of the Code and are not expected to be “covered employees” at the time of recognition of income resulting from such award or (2) not persons with respect to whom the
Company wishes to comply with Section 162(m) of the Code; and/or 
 (ii)     delegate to a
committee of one or more members of the Board who are not Non-employee Directors the authority to grant awards under the Plan to eligible persons who are not then subject to Section 16 of the Exchange Act. 
 The Board may abolish the Committee at any time and re-vest in the Board the administration of the Plan. Appointment of Committee members shall be effective upon acceptance of appointment. Committee members may resign
at any time by delivering written notice to the Board. Vacancies in the Committee may only be filled by the Board. The Committee shall select one of its members as its chairman and shall hold its meetings at such times and places as it may
determine. The Committee shall keep minutes of its meetings and shall make such rules and regulations for the conduct of its business as it may deem necessary. The Committee shall have the power to act by unanimous written consent in lieu of a
meeting, and to meet by telephone. In administering the Plan, the Committee’s actions and determinations shall be binding on all interested parties. 
 (b)      The Committee shall have the power to grant Options in accordance with the provisions of the Plan. Subject to the provisions of the Plan, the Committee shall have
the discretion and authority to determine those individuals to whom Options will be granted, the number of shares of Stock subject to each Option, such other matters as are specified in this Plan, and any other terms and conditions of a Stock Option
Agreement. To the extent not inconsistent with the provisions of the Plan, the Committee may give an Optionee an election to surrender an Option in exchange for the grant of a new Option d, and shall have the authority to amend or modify an
outstanding Stock Option Agreement, or to waive any provision of it, provided that the Optionee consents to such action. 
 4.2     
Interpretation; Rules. Subject to the express provisions of the Plan, the Committee also shall have complete authority to interpret the Plan, to prescribe, amend, and rescind rules and regulations
relating to it, to determine the details and provisions of each Stock Option Agreement, and to make all other determinations necessary or advisable for the administration of the Plan, including, without limitation, (i) amending or altering of the
Plan and any Options granted under this Plan as may be required to comply with or to conform to any Applicable Laws, and (ii) providing that a Stock Option Agreement may be evidenced and signed in electronic form and that an Option may be exercised
and any other notice may be given electronically, in each case in compliance with Applicable Laws.
  
 

5

  4.3     
No Liability. Neither any member of the Board nor any member of the Committee shall be liable to any person for any act or determination made in good faith with respect to the Plan or any Option
granted under this Plan.
 4.4     
Majority Rule. A majority of the members of the Committee shall constitute a quorum, and any action taken by a majority at a meeting at which a quorum is present, or any action taken without a
meeting evidenced by a writing executed by all the members of the Committee, shall constitute the action of the Committee.
 4.5     
Company Assistance. The Company shall supply full and timely information to the Committee on all matters relating to eligible persons, their employment, death, retirement, disability, or other
termination of employment, and such other pertinent facts as the Committee may require. The Company shall furnish the Committee with such clerical and other assistance as is necessary in the performance of its duties.
 
ARTICLE 5
SHARES OF STOCK SUBJECT TO PLAN
 5.1     
Limitations. The maximum number of shares of Stock that may be issued under this Plan shall be 600,000. At all times the Company shall reserve and keep available a sufficient number of Shares as
shall be required to satisfy the requirements of all outstanding Options granted under this Plan. 
 5.2     
Adjustments upon Changes in Capitalization, Merger or Asset Sale. 
 (a)      If the Committee determines that any dividend or other distribution (whether in the form of cash, shares of Stock, other securities, or other property),
recapitalization, reclassification, stock split, reverse stock split, reorganization, merger, consolidation, split-up, spin-off, combination, repurchase, liquidation, dissolution, share exchange, or sale, transfer, exchange or other disposition of
all or substantially all of the assets of the Company, or exchange of Stock or other securities of the Company, issuance of warrants or other rights to purchase Stock or other securities of the Company, or other similar corporate transaction or
event, in the Committee’s sole discretion, affects the Stock such that an adjustment is determined by the Committee to be appropriate to prevent dilution or enlargement of the benefits or potential benefits intended by the Company to be made
available under the Plan or with respect to any Option, then the Committee shall, in such manner as it may deem equitable, adjust any or all of: 
 (i)      the number and kind of shares of Stock (or other securities or property) with respect to which Options may be granted (including, but not limited to, adjustments
of the limitations in the Plan in Section 5.1); 
 (ii)     the number and kind of shares of
Stock (or other securities or property) subject to outstanding Options; and 
 (iii)    the grant or
exercise price with respect to any Option. 
 (b)      In the event of any transaction or
event described in Section 5.2(a), the Committee, in its sole discretion, and on such terms and conditions as it deems appropriate, either by
  
 

6

   the terms of the Option or by action taken before the occurrence of such transaction or event and either automatically or upon the Optionee’s request,
is hereby authorized to take any one or more of the following actions whenever the Committee determines that such action is appropriate to prevent dilution or enlargement of the benefits or potential benefits intended by the Company to be made
available under the Plan or with respect to any Option granted or issued under the Plan or to facilitate such transaction or event: 
 (i)      to provide for either the purchase of any such Option for an amount of cash equal to the amount that could have been obtained upon the exercise of such Option or realization of the
Optionee’s rights had such Option been currently exercisable or fully vested or the replacement of such Option with other rights or property selected by the Committee in its sole discretion; 
 (ii)     to provide that such Option shall be exercisable as to all shares covered thereby, notwithstanding anything to the contrary
in the Plan or the provisions of such Option; 
 (iii)    to provide that such Option be assumed by
the successor or survivor corporation, or a parent or subsidiary thereof, or shall be substituted for by similar options covering the stock of the successor or survivor corporation, or a parent or subsidiary thereof, with appropriate adjustments as
to the number and kind of shares and prices; 
 (iv)    to make adjustments in the number and type
of shares of Stock (or other securities or property) subject to outstanding Options, and/or in the terms and conditions of (including the grant or exercise price), and the criteria included in, outstanding Options, or Options that may be granted in
the future; and 
 (v)     to provide that immediately upon the consummation of such event,
such Option shall not be exercisable and shall terminate. 
 (c)      Subject to Section
5.1, the Committee may, in its sole discretion, include such further provisions and limitations in any Option Agreement or certificate, as it may deem equitable and in the best interests of the Company. 
 (d)      If the Company undergoes an Acquisition, then any surviving corporation or entity or acquiring corporation or entity, or
affiliate of such corporation or entity, may assume any Options outstanding under the Plan or may substitute similar stock awards (including an award to acquire the same consideration paid to the shareholders in the transaction described in this
Section 5.2(d)) for those outstanding under the Plan. If any surviving corporation or entity or acquiring corporation or entity in an Acquisition, or affiliate of such corporation or entity, does not assume such Options or does not substitute
similar stock awards for those outstanding under the Plan, then 
 (i)      with respect
to Options held by Optionees whose status as an Employee or service provider has not terminated before such event, the vesting of such Options (and, if applicable, the time during which such awards may be exercised) shall be accelerated and made
fully exercisable and all restrictions thereon shall lapse at least ten (10) days before the closing of the Acquisition (and the Options terminated if not exercised before the closing of such Acquisition), and 
 (ii)     any other Options outstanding under the Plan shall be terminated if not exercised prior to the closing of
the Acquisition. 
  
 

7

  (e)     The adjustments described in this Section 5.2, and the manner of
their application, shall be determined solely by the Committee, and any such adjustment may provide for the elimination of fractional share interests. The adjustments required under this Article 5 shall apply to any successors of the Company and
shall be made regardless of the number or type of successive events requiring such adjustments.
 (f)      The existence of the Plan or any Option shall not affect or restrict in any way the right or power of the Company or the shareholders of the Company to make or authorize any adjustment,
recapitalization, reorganization, or other change in the Company’s capital structure or its business, any merger or consolidation of the Company, any issue of stock or of options, warrants or rights to purchase stock or of bonds, debentures,
preferred or prior preference stocks whose rights are superior to or affect the Stock or that are convertible into or exchangeable for Stock, or the dissolution or liquidation of the Company, or any sale or transfer of all or any part of its assets
or business, or any other corporate act or proceeding, whether of a similar character or otherwise. 
 
ARTICLE 6
OPTIONS
 6.1     
Types of Options Granted. The Options granted under this Plan do not qualify as incentive stock options under the Code.
 6.2     
Option Grant and Agreement. The Options granted under this Plan shall be evidenced by minutes of a meeting or the written consent of the Committee (or its delegate(s) as permitted by Section 4.1(a))
and by a written Stock Option Agreement executed by the Company and the Optionee. The terms of the Option, including the Option’s duration, time or times of exercise, and exercise price shall be stated in the Stock Option Agreement. 

6.3     
Exercise Price. The Exercise Price of the Stock subject to each Option shall be determined by the Committee. 
 6.4     
Exercise Period. The period for the exercise of each Option granted under this Plan shall be determined by the Committee. 
 6.5     
Option Exercise.
 (a)      Unless
otherwise provided in the Stock Option Agreement, an Option may be exercised at any time or from time to time during the term of the Option as to any or all full shares that have become Purchasable under the provisions of the Option, but not at any
time as to fewer than 100 shares unless the remaining shares that have become so Purchasable are fewer than 100 shares. 
 (b)      An Option shall be exercised by (i) delivery to the Company at its principal office (or, if the Committee so directs, to an administrator designated by the Committee at such
administrator’s office) a written notice of exercise with respect to a specified number of shares of Stock and (ii) payment to the Company at that office of the full amount of the Exercise Price for such number of shares in accordance with
Section 6.5(c). 
  
 

8

  (c)      Payment for Shares purchased pursuant to this Plan may be
made in cash (by check) or, where expressly approved for the Optionee by the Committee and where permitted by Applicable Laws: 
 (i)      by cancellation of indebtedness of the Company to the Optionee; 
 (ii)     by surrender of shares that either: (1) have been owned by the Optionee for more than six (6) months and have been paid for within the meaning of SEC Rule 144 (and, if such shares were
purchased from the Company by use of a promissory note, such note has been fully paid with respect to such shares); or (2) were obtained by the Optionee in the public market; 
 (iii)    by tender of a full recourse promissory note having such terms as may be approved by the Committee and bearing interest at a rate sufficient to avoid
(1) imputation of income under Sections 483 and 1274 of the Code and (2) variable accounting treatment under Financial Accounting Standards Board Interpretation No. 44 to APB No. 25; provided, however, that Optionees who are not Employees or
Directors of the Company or any subsidiary shall not be entitled to purchase Shares with a promissory note unless the note is adequately secured by collateral other than the shares of Stock being purchased; 
 (iv)    by waiver of compensation due or accrued to the Optionee for services rendered; 
 (v)     with respect only to purchases upon exercise of an Option, and provided that a public market for the Company’s stock
exists and the transaction is done in a manner sufficient to avoid variable accounting treatment under Financial Accounting Standards Board Interpretation No. 44 to APB No. 25: (1) through a “same day sale” commitment from the Optionee and
a broker-dealer that is a member of the National Association of Securities Dealers (an “NASD Dealer”) whereby the Optionee irrevocably elects to exercise the Option and to sell a portion of the Shares so purchased to pay for the Exercise
Price, and whereby the NASD Dealer irrevocably commits upon receipt of such Shares to forward the Exercise Price directly to the Company; or (2) through a “margin” commitment from the Optionee and a NASD Dealer whereby the Optionee
irrevocably elects to exercise the Option and to pledge the Shares so purchased to the NASD Dealer in a margin account as security for a loan from the NASD Dealer in the amount of the Exercise Price, and whereby the NASD Dealer irrevocably commits
upon receipt of such Shares to forward the Exercise Price directly to the Company; or 
 (vi)    by
any combination of the foregoing. 
 (d)      In addition to and at the time of payment of
the Exercise Price, the Optionee shall pay to the Company in cash the full amount of any federal, state, and local income, employment, or other withholding taxes applicable to the taxable income of such Optionee resulting from such exercise. The
Committee may allow Optionees to satisfy a portion of the foregoing withholding tax obligations by electing to have the Company withhold from the shares of Stock to be issued upon exercise of an Option that number of shares having a Fair Market
Value equal to the minimum amount required to be withheld based on the statutory withholding rates for federal and state tax purposes that apply to supplemental taxable income. The Fair Market Value of the shares to be withheld shall be determined
on the date that the amount of tax to be withheld is to be determined. All elections by Optionees to 
  
 

9

  have shares withheld for this purpose shall be made in such form and under such conditions as the Committee may deem necessary or advisable.
 (e)      The holder of an Option shall not have any of the rights of a shareholder with respect to the
shares of Stock subject to the Option until such shares have been issued and transferred to the Optionee upon the exercise of the Option.
 6.6     
Non-Transferability of Option. Except as otherwise provided by the Committee, no Option shall be transferable by an Optionee other than by will or the laws of descent and distribution or pursuant to
a Qualified Domestic Relations Order. During the lifetime of an Optionee, Options shall be exercisable only by such Optionee (or by such Optionee’s guardian or legal representative, should one be appointed).
 6.7     
Termination of Employment or Service. The Committee shall have the power to specify, with respect to the Options granted to a particular Optionee, the effect upon such Optionee’s right to
exercise an Option of termination of such Optionee’s employment or service under various circumstances, which effect may include immediate or deferred termination of such Optionee’s rights under an Option, or acceleration of the date at
which an Option may be exercised in full. Unless a Stock Option Agreement specifically provides otherwise, in the event the recipient of an Option is terminated from his or her employment or other service to the Company or its subsidiaries for
Cause, Options, whether vested or unvested, granted to such person shall terminate immediately and shall not thereafter be exercisable.
 6.8     
Employment Rights. Nothing in the Plan or in any Stock Option Agreement shall confer on any person any right to continue in the employ of the Company or any of its subsidiaries, or shall interfere in
any way with the right of the Company or any of its subsidiaries to terminate such person’s employment at any time.
 6.9     
Effect of Change in Control. The Committee may determine, at the time of granting an Option or thereafter, that such Option shall become exercisable on an accelerated basis in the event that a Change
in Control occurs with respect to the Company (and the Committee shall have the discretion to modify the definition of a Change in Control in a particular Option Agreement). If the Committee finds that there is a reasonable possibility that, within
the succeeding six months, a Change in Control will occur with respect to the Company, then the Committee may determine that all outstanding Options shall be exercisable on an accelerated basis.
 
ARTICLE 7
TERMINATION AND AMENDMENT
 7.1     
Termination and Amendment. The Board may at any time terminate the Plan, and may at any time and from time to time and in any respect amend the Plan; provided, however, that the Board may not amend
the Plan to:
 (a)      increase the total number of shares of Stock issuable under the
Plan;
 (b)      permit Options to be granted to anyone other than the persons specified
in Article 3; or
  
 

10

  (c)      otherwise materially increase the benefits accruing to the
holders of Options under the Plan.
 7.2     
Effect on Optionee’s Rights. No termination, amendment, or modification of the Plan shall affect adversely the Optionee’s rights under a Stock Option Agreement without the consent of the
Optionee or his or her legal representative.
  
 

11

  
ARTICLE 8
MISCELLANEOUS 
 8.1     
Stock Certificates. The Company shall not be required to issue or deliver any certificate for shares of Stock purchased upon the exercise of any Option granted under this Plan before fulfillment of
all of the following conditions:
 (a)      the admission of such shares to listing on all
stock exchanges on which the Stock is then listed;
 (b)      the completion of any
registration or other qualification of such shares that the Committee shall deem necessary or advisable under any Applicable Laws;
 (c)      the obtaining of any approval or other clearance from any federal or state governmental agency or body that the Committee shall determine to be necessary or advisable; and
 (d)      the lapse of such reasonable period of time following the exercise of the Option as the Board
from time to time may establish for reasons of administrative convenience.
 Stock certificates issued and delivered to Optionees shall bear such restrictive legends as the Company
shall deem necessary or advisable pursuant to Applicable Laws. 
 8.2     
Relationship to Other Compensation Plans. The adoption of the Plan shall not affect any other stock option, incentive, or other compensation plans in effect for the Company or any of its
subsidiaries; nor shall the adoption of the Plan preclude the Company or any of its subsidiaries from establishing any other form of incentive or other compensation plan for Employees or Directors of the Company or any of its
subsidiaries.
 8.3     
Replacement or Amended Grants. At the sole discretion of the Committee, and subject to the terms of the Plan, the Committee may modify outstanding Options or accept the surrender of outstanding
Options and grant new Options in substitution for them. No modification of an Option, however, shall adversely affect an Optionee’s rights under a Stock Option Agreement without the consent of the Optionee or his or her legal
representative.
 8.4     
Forfeiture for Solicitation of Customers. During Optionee’s employment with or service to the Company and for a period of twenty-four (24) months following the date of termination of employment
or service, Optionee shall not (except on behalf of or with the prior written consent of the Company), on Optionee’s own behalf or in the service or on behalf of others, (i) solicit, divert, or appropriate to or for a competing business, or
(ii) attempt to solicit, divert, or appropriate to or for a competing business, any person or entity that was a customer of the Company on the date of termination and with whom Optionee had direct material contact within twelve months of
Optionee’s last date of employment or service. If Optionee engages in solicitation of customers as defined above, then Optionee’s rights under any Options outstanding under this Plan shall be forfeited and terminated, subject in each case
to a determination to the contrary by the Committee.
 8.5     
Forfeiture for Solicitation of Employees. During Optionee’s employment with or service to the Company and for a period of twenty-four (24) months following the date of termination of employment
or service, Optionee shall not, on Optionee’s own behalf or in the service or on behalf 
  
 

12

  of others, (i) solicit, divert, or hire away, or (ii) attempt to solicit, divert, or hire away any employee of the Company, regardless of whether the
employee is full-time or temporary, the employment is pursuant to written agreement, or the employment is for a determined period or is at will. If Optionee engages in solicitation of employees as defined above, then Optionee’s rights under any
Options outstanding under this Plan shall be forfeited and terminated, subject in each case to a determination to the contrary by the Committee.
 8.6     
Plan Binding on Successors. The Plan shall be binding upon the successors and assigns of the Company.
 8.7     
Singular, Plural; Gender. Whenever used in this Plan, nouns in the singular shall include the plural, and the masculine pronoun shall include the feminine gender.
 8.8     
Headings, etc., No Part of Plan. Headings of Articles and Sections of this Plan are inserted for convenience and reference; they do not constitute part of the Plan.
 8.9     
Interpretation. With respect to Section 16 Insiders, transactions under this Plan are intended to comply with all applicable conditions of Rule 16b-3 or its successors under the Exchange Act. To the
extent any provision of the Plan or action by the administrators of the Plan fails to so comply, it shall be deemed void to the extent permitted by Applicable Laws and deemed advisable by the Committee.
 *          *          *          *          *
  
 

13

  
Exhibit A to
InterCept, Inc.
2002 Acquisitions Stock Option Plan
 INTERCEPT,
INC.
STOCK OPTION AGREEMENT
 THIS STOCK OPTION AGREEMENT (this “Agreement”) is entered into as of this___________
day of ___________, 2002, by and between InterCept, Inc., a Georgia corporation (the “Company”), and _____________________________________(the “Optionee”).
 (1)      Effective as of the date of this Agreement, the Board of Directors of the Company adopted a stock option plan known as the “2002
Acquisitions Stock Option Plan” (the “Plan”).
 (2)      The Committee has
granted the Optionee a stock option to purchase the number of shares of the Company’s common stock as provided below, and in consideration of the granting of that stock option the Optionee intends to remain in the employ of the Company or
continue to provide services to the Company.
 (3)      The Company’s agreement to
grant the stock option provided for herein was an inducement essential to the Optionee’s entering into his or her employment contract with the Company.
 (4)      The Company and the Optionee desire to enter into a written agreement with respect to such option in accordance with the Plan.
 As an employment incentive and to encourage stock ownership, and also in consideration of the mutual covenants contained in this Agreement, the parties to this Agreement agree as
follows:
 1.        Incorporation of Plan. This
option is granted pursuant to the provisions of the Plan and the terms and definitions of the Plan are incorporated into this Agreement by reference. A copy of the Plan has been delivered to the Optionee, who acknowledges receipt of the
Plan.
 2.        Grant of Option. Subject to the
terms, restrictions, limitations and conditions stated in this Agreement, the Company hereby evidences its grant to the Optionee, not in lieu of salary or other compensation, of the right and option (the “Option”) to purchase all or any
part of the number of shares of the Company’s Common Stock, no par value (the “Stock”), provided on Schedule A attached to this Agreement and incorporated into this Agreement by reference. The Option shall be exercisable in the
amounts and at the time specified on Schedule A. The Option shall expire and shall not be exercisable on the date specified on Schedule A or on such earlier date as determined pursuant to Sections 8, 9, or 10 below. 
 3.        Purchase Price. The price per share to be paid by the Optionee
for the shares subject to this Option (the “Exercise Price”) shall be as specified on Schedule A.
 4.        Exercise Terms. The Optionee must exercise the Option for at least the lesser of 100 shares or the number of shares of Purchasable Stock as to
which the Option remains unexercised. If 
  
 

i

  this Option is not exercised with respect to all or any part of the shares subject to this Option before it expires, the shares with respect to which this
Option was not exercised shall no longer be subject to this Option.
 5.        Option Non-Transferable. No Option shall be transferable by an Optionee other than by will or the laws of descent and distribution or pursuant to a Qualified Domestic Relations Order. During the lifetime of an
Optionee, Options shall be exercisable only by such Optionee (or by such Optionee’s guardian or legal representative, should one be appointed).
 6.        Notice of Exercise of Option. This Option may be exercised by the Optionee, or by the Optionee’s administrators,
executors or personal representatives, by a written notice (in substantially the form of the Notice of Exercise attached to this Plan as Schedule B) signed by the Optionee, or by such administrators, executors or personal representatives, and
delivered or mailed to the Company as specified below to the attention of the Chief Financial Officer or such other officer as the Company may designate. Any such notice shall (a) specify the number of shares of Stock that the Optionee or the
Optionee’s administrators, executors or personal representatives, as the case may be, then elects to purchase under this Plan, (b) contain such information as may be reasonably required pursuant to Section 12 below, and (c) as authorized by the
Committee, be accompanied by a form of payment permitted under the Plan of the Exercise Price for the shares of stock being purchased. Upon receipt of any such notice and accompanying payment, and subject to the terms of this Agreement, the Company
agrees to issue to the Optionee or the Optionee’s administrators, executors or personal representatives, as the case may be, stock certificates for the number of shares specified in such notice registered in the name of the person exercising
this Option.
 7.        Adjustment in Option. The
number of shares subject to this Option, the Exercise Price and other matters are subject to adjustment during the term of this Option in accordance with Section 5.2 of the Plan.
 8.        Termination of Employment.
 (a)      Except as otherwise specified in Schedule A to this Agreement, in the event of the termination of the Optionee’s employment with the
Company or any of its subsidiaries, other than a termination that is either (i) for Cause, (ii) voluntary on the part of the Optionee and without written consent of the Company, or (iii) for reasons of death or disability or retirement, the Optionee
may exercise this Option at any time within 90 days after such termination to the extent of the number of shares that were Purchasable under this Agreement at the date of such termination.
 (b)      Except as specified in Schedule A attached to this Agreement, in the event of a termination of the Optionee’s employment that is either
(i) for Cause or (ii) voluntary on the part of the Optionee and without the written consent of the Company, this Option, to the extent not previously exercised, shall terminate immediately and shall not thereafter be or become
exercisable.
 (c)      Unless and to the extent otherwise provided in Exhibit A to this
Agreement, in the event of the retirement of the Optionee at the normal retirement date as prescribed from time to time by the Company or any subsidiary, the Optionee shall continue to have the right to exercise any Options for shares that were
Purchasable at the date of the Optionee’s retirement. This Option does not confer upon the Optionee any right with respect to continuance of employment by the Company or 
  
 

ii

  by any of its subsidiaries. This Option shall not be affected by any change of employment so long as the Optionee continues to be an Employee of the Company
or one of its subsidiaries.
 9.        Disabled Optionee. In the event of termination of employment because of the Optionee’s becoming a Disabled Optionee, the Optionee (or his or her personal representative) may exercise this Option, within a period ending on the earlier of (a) the last day
of the one year period following the Optionee’s death or (b) the expiration date of this Option, to the extent of the number of shares that were Purchasable under this Agreement at the date of such termination.
 10.     Death of Optionee. Except as otherwise provided in Schedule A with respect to
the rights of the Optionee upon termination of employment under Section 8(a) above, in the event of the Optionee’s death while employed by the Company or any of its subsidiaries or within three months after a termination of such employment (if
such termination was neither (i) for cause nor (ii) voluntary on the part of the Optionee and without the written consent of the Company), the appropriate persons described in Section 6 above or persons to whom all or a portion of this Option is
transferred in accordance with Section 5 above may exercise this Option at any time within a period ending on the earlier of (a) the last day of the one year period following the Optionee’s death or (b) the expiration date of this Option. If
the Optionee was an Employee of the Company at the time of death, this Option may be so exercised to the extent of the number of shares that were Purchasable under this Agreement at the date of death. If the Optionee’s employment terminated
prior to his or her death, this Option may be exercised only to the extent of the number of shares covered by this Option that were Purchasable under this Agreement at the date of such termination.
 11.     Date of Grant. This Option was granted by the Board of Directors of the Company on the date
provided in Schedule A.
 12.     Compliance with Regulatory Matters. The Optionee acknowledges that the issuance of capital stock of the Company is subject to limitations imposed by federal and state law and the Optionee hereby agrees that the Company shall not be obligated to issue any shares of Stock upon
exercise of this Option that would cause the Company to violate law or any rule, regulation, order or consent decree of any regulatory authority (including without limitation the SEC) having jurisdiction over the affairs of the Company. The Optionee
agrees that he or she will provide the Company with such information as is reasonably requested by the Company or its counsel to determine whether the issuance of Stock complies with the provisions described by this Section 12.
 13.     Miscellaneous.
 (a)      This Agreement shall be binding upon the parties to it and their representatives, successors and assigns.
 (b)      This Agreement is executed and delivered in, and shall be governed by the laws of, the State of
Georgia.
 (c)      Any requests or notices to be given under this Agreement shall be
deemed given, and any elections or exercises to be made or accomplished shall be deemed made or accomplished, upon actual delivery thereof to the designated recipient, or three days after deposit thereof in the United States mail, registered, return
receipt requested and postage prepaid, addressed, if to the Optionee, at the address provided below and, if to the Company, to the executive offices of the
  

iii

  Company at 3150 Holcomb Bridge Road, Suite 200, Norcross, Georgia 30071 (or to any successor address for the Company’s executive offices reflected in
the Company’s filings with the SEC); provided that the Optionee may change his or her address by written notice as provided in this Section 13(c).
 (d)      Except as permitted under the Plan, this Agreement may not be modified except in writing executed by each of the parties to it.
 IN WITNESS WHEREOF, the Board of Directors of the Company has caused this Stock Option Agreement to be executed on behalf of the Company, and the Optionee has executed this Stock
Option Agreement under seal, all as of the day and year first above written.
  

	 INTERCEPT, INC.
 	  
 	 OPTIONEE
 
	 
 By: 
 	  
 	  
 	 
 
 
 
	  
 	 
 	  
 	 
 
	  
 	 Name: 
 	  
 	  
 	  
 	  
 
	  
 	  
 	 
 	  
 	  
 	  
 
	  
 	 Title: 
 	  
 	  
 	 Address:
 	  
 
	  
 	  
 	 
 	  
 	  
 	 
 
	  
 	  
 	  
 	  
 	  
 
	  
 	  
 	  
 	  
 	 
 
	  
 	  
 	  
 	  
 	  
 
	  
 	  
 	  
 	  
 	 
 

  
 

iv

  
SCHEDULE A
TO
STOCK OPTION AGREEMENT
BETWEEN
INTERCEPT, INC.
AND
 
 Dated:____________ __, 2002
 1.        Number of Shares Subject to Option: _________ shares.
 2.        This Option is not an Incentive Stock Option.
 3.        Option Exercise Price: $___________ per share.
 4.        Date of Grant:
 5.        Option Vesting Schedule:
 Check one:
 (  )       Options are exercisable with respect to all shares on
or after the date hereof
 (  )       Options are
exercisable with respect to the number of shares indicated below on or after the date indicated next to the number of shares:
 No. of Shares                                       
   Vesting Date
 6.        Option Exercise
Period:
 Check One:
 (  )       All options expire and are void unless exercised on or before _____________, 20____.
 ( )       Options expire and are void unless exercised on or before the date indicated next to the number of
shares:
 No. of Shares                                       
   Expiration Date
 7.        Effect of Termination of
Employment of Optionee (if different from that provided in Sections 8, 9 and 10 of the Stock Option Agreement): 
  
 

v

  
SCHEDULE B
 NOTICE OF EXERCISE
 The
undersigned hereby notifies InterCept, Inc. (the “Company”) of this election to exercise the undersigned’s stock option to purchase __________ shares of the Company’s common stock, no par value (the “Common Stock”),
pursuant to the Stock Option Agreement (the “Agreement”) between the undersigned and the Company dated _________ __, 2002. Accompanying this Notice is payment sufficient to pay the Exercise Price for the shares of common stock being
purchased in a form permitted by the Company’s 2002 Acquisitions Stock Option Plan.
 IN WITNESS WHEREOF, the undersigned has set his or her hand and seal,
this __________ day of ___________________ , ________.
  

	  
 	  
 	  
 	 OPTIONEE [OR OPTIONEE’S
 ADMINISTRATOR,
 EXECUTOR OR
PERSONAL
 REPRESENTATIVE]
 
	 
 
 
 	  
 	  
 	 
 
 
 
 
	  
 	  
 	  
 	 
 
	  
 	  
 	  
 	 Name:
 	  
 
	  
 	  
 	  
 	 Position (if other than Optionee):
 

  
 
 vi

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