Document:

EXHIBIT
10.64

 

[*] designates portions
of this document that have been omitted pursuant to a request for confidential
treatment filed separately with the Securities and Exchange Commission.

 

SECOND
AMENDMENT TO TECHNOLOGY SERVICES AGREEMENT

 

This SECOND AMENDMENT (“Second
Amendment”) to the September 19th,
2007, Technology Services Agreement (the “Agreement”) by and between Republic
Bank & Trust Company (“Republic”), a Kentucky banking corporation, and
Jackson Hewitt Technology Services LLC (“JHTSL”), a Delaware limited liability
company, is effective as of the 23rd day of November, 2009.

 

RECITALS

 

WHEREAS, Republic and
JHTSL entered into the Agreement on September 19, 2007.

 

WHEREAS, Republic and
JHTSL amended the Agreement on December 2, 2008.

 

WHEREAS, Republic and
JHTSL desire to Amend certain terms of the Agreement.

 

NOW, THEREFORE, in
consideration of the mutual promises, covenants and agreements set forth below
and other good and valuable consideration, the receipt and sufficiency of which
is hereby acknowledged, Republic and JHTSL do hereby agree to amend the
Agreement as follows:

 

AMENDMENTS

 

1.                                       Section 1.1 (c) is modified to
read as follows:

 

(c)                                  “Customer” shall mean a Jackson Hewitt
Tax Service customer that was also a customer of a financial institution that
provided financial products facilitated by EROs and such customer received a
RAL or a funded Federal AR from such financial institution. Under this
Agreement, an AR is considered to be funded if all bank fees are earned by
Republic in the current year. For purposes of this definition, joint borrowers
or joint recipients of such a financial product shall constitute one “Customer.”

 

2.                                       The definition of “Resource Rate” in Section 1.1
(g) (iii) is modified to read as follows:

 

(g)                                 [*]

 

3.                                       Section 1.5 (c) is modified to
read as follows:

 

(c)                                  For the 2010 Tax Season, Republic shall
pay to JHTSL [*]

 

4.                                       The following language is added to Section 1.5:

 

(g)                                 Republic shall have the right to withhold
the February and/or March payments under Section 1.5 of this
Agreement and the Additional Fees under Section 1.6 of this Agreement if
Republic, reasonably determines (i) on February 26, 2010 that there
has been a material adverse change that will likely result in the Designated
ERO Locations, as described in the Program Agreement, failing to provide
services to [*], (ii) on or before July 1,
2010 that the Republic Customers who have obtained RALs during the 2010 Tax
Season will likely have, in the aggregate, a RAL delinquency in excess of [*] on August 31, 2010, or (iii) on
or before May 31, 2010 that due to JHI’s, JHTSL’s, and/or a Designated ERO’s
lack of compliance with Republic’s policies and procedures, Republic has and/or
will likely be required to conduct additional audits, take corrective action
and/or incur regulatory fines or penalties, or suffers or will likely suffer
other additional financial costs due to such noncompliance; and in each case of
(i), (ii) and/or (iii) above, to the extent Republic has, or
reasonably expects to, suffer such resulting harm. Any such determinations
shall be made in good faith by Republic and are subject to providing JHI with
written notice no later than the date defined in each section of such
determination including a detailed explanation of the reasons for such determination
and detail of harm incurred or expected to be incurred. In the event Republic
exercises this Section 1.5 (g), the parties agree to 

 

1

 

immediately begin dispute
resolution proceedings as described in Section 10 of this Agreement.
 In the event any such notice is given, Republic shall have a duty to
provide updates to JHI (and any additional information or documentation
reasonably requested by JHI) regarding such resulting harm, including, without
limitation, actual costs, expenses and losses and to deliver to JHI any amount
withheld in excess of such actual costs, expenses and losses. JHI shall have
the right to seek confirmation of such claims, by audit or otherwise. This
section is in addition to and does not replace or negate the provisions of Section 9.4
of the Program Agreement.

 

5.                                       Schedule A of the Agreement shall be
nullified and replaced with Schedule A, attached hereto.

 

6.                                       Republic and JHTSL enter into this Second
Amendment only for the purposes stated herein. Unless otherwise amended herein,
all other terms and conditions of the Agreement remain unchanged and in full
force and effect.

 

IN WITNESS WHEREOF, this
Second Amendment has been executed and delivered by a duly authorized officer
of each party as of the date set forth above.

 

	
  REPUBLIC BANK & TRUST COMPANY

  	
   

  	
  JACKSON HEWITT TECHNOLOGY
  SERVICES LLC

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  By:

  	
  /s/ Mike Keene

  	
   

  	
  By:

  	
  /s/ Harry W. Buckley

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Mike Keene

  	
   

  	
  Name:

  	
  Harry W. Buckley

  
	
   

  	
  Senior Vice President

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  Title:

  	
  President and Chief
  Executive Officer

  

 

2

 

Schedule A

 

[*] designates portions of this document that have been omitted
pursuant to a request for confidential treatment filed separately with the
Securities and Exchange Commission.

 

[*]

 

3EXHIBIT
10.65

 

[*] designates portions
of this document that have been omitted pursuant to a request for confidential
treatment filed separately with the Securities and Exchange Commission.

 

THIRD
AMENDMENT TO PROGRAM AGREEMENT

 

This THIRD AMENDMENT (“Third
Amendment”) to the September 19th,
2007, Program Agreement as previously amended (the “Agreement”) by and between
Republic Bank & Trust Company (“Republic”), a Kentucky banking
corporation, and Jackson Hewitt Inc. (“JHI”), a Virginia corporation, is effective
as of the 29th day of December, 2009.

 

RECITALS

 

WHEREAS, Republic and JHI
entered into the Agreement on September 19, 2007.

 

WHEREAS, Republic and JHI
amended the Agreement on December 2, 2008 and November 23, 2009.

 

WHEREAS, Republic and JHI
desire to Amend certain terms of the Agreement.

 

NOW, THEREFORE, in
consideration of the mutual promises, covenants and agreements set forth below
and other good and valuable consideration, the receipt and sufficiency of which
is hereby acknowledged, Republic and JHI do hereby agree to amend the Agreement
as follows:

 

AMENDMENTS

 

1.                                       Section 2.1 (c) is modified to
read as follows:

 

(c)                                  For each of Tax Seasons 2010, 2011 and
2012 Republic shall be the exclusive provider of Refund Anticipation Loans and
Assisted Refunds to Jackson Hewitt Tax Service Customers for all locations
operated in the following states: Arkansas, Florida, Indiana, Kentucky, North
Carolina, Ohio, Oklahoma, Pennsylvania, South Carolina, Texas and Virginia (For
purposes of the 2010 Tax Season such ERO locations shall be referred to as “Designated
ERO Locations”). Notwithstanding the foregoing and any other provision in the
Agreement to the contrary, the Designated ERO Locations shall be permitted to
accept applications for Money Now Loans by another financial institution
designated by JHI, and the related Refund Anticipation Loan (and in the case of
denials, the related Assisted Refund). In addition, it is understood that this
Agreement solely relates to the provision of services to Customers in Designated
ERO Locations by Jackson Hewitt Tax Service tax preparers and not any other
method of distribution (e.g. online tax preparation services).

 

2.                                       Section 2.2 (c) is modified to
read as follows:

 

(c)                                 For each of Tax Seasons 2010, 2011 and
2012, JHI shall designate Republic as the sole and exclusive Refund
Anticipation Loan and Assisted Refund provider under the Program for the
Designated ERO Locations, subject to the provisions of Section 2.1 (c) of
the Agreement, as amended.  The
Designated ERO Locations serviced up to 45% of all Tax Season 2009 Customers. [*]

 

3.                                       Section 4 (c) shall be modified
to read as follows:

 

(c)          For each of the 2010, 2011 and 2012 Tax
Seasons, Republic shall make a payment to JHI of [*].

 

4.                                       The following language is added to Section 4:

 

(g)                                 With respect to each Tax Season, Republic
shall have the right to withhold the respective 2010, 2011, and/or 2012 February and/or
March payments under Section 4 (d) of this Agreement if
Republic, reasonably determines (i) on February 26, 2010 and/or the
last business day February of 2011 and/or 2012 that there has been a
material adverse change that will likely result in the Designated ERO Locations
failing to provide services to [*]; (ii) on
or before March 31, 2010, March 31, 2011 and/or March 31, 2012
that the Republic Customers who have obtained RALs during the corresponding Tax
Season will likely have, in the aggregate, a RAL delinquency in excess of [*] on August 31, 2010, August 31,
2011 and/or August 31, 2012; or (iii) on or 

 

1

 

before March 31,
2010, March 31, 2011 and/or March 31, 2012 that due to JHI’s, JHTSL’s,
and/or a Designated ERO’s lack of compliance with Republic’s policies and
procedures, Republic has and/or will likely be required to conduct additional
audits, take corrective action and/or incur regulatory fines or penalties, or
suffers or will likely suffer other additional financial costs due to such
noncompliance; and in each case of (i), (ii) and/or (iii) above, to
the extent Republic has, or reasonably expects to, suffer such resulting harm.
Any such determinations shall be made in good faith by Republic and are subject
to providing JHI with written notice no later than the date defined in each
section of such determination including a detailed explanation of the reasons
for such determination and detail of harm incurred or expected to be incurred.
In the event Republic exercises this Section 4 (g), the parties agree to
immediately begin dispute resolution proceedings as described in Section 15
of this Agreement.  In the event any such
notice is given, Republic shall have a duty to provide updates to JHI (and any
additional information or documentation reasonably requested by JHI) regarding
such resulting harm, including, without limitation, actual costs, expenses and
losses and to deliver to JHI any amount withheld in excess of such actual
costs, expenses and losses. JHI shall have the right to seek confirmation of
such claims, by audit or otherwise. This section is in addition to and does not
replace or negate the provisions of Section 9.4 of this Agreement. The
dates set forth in this Section relate to each respective Tax Season only.

 

5.                                       Section 6.6 is modified to read as
follows:

 

(a)                                  Retention. JHI shall require each participating
ERO to retain a copy of the signed Application, Loan Agreement and Disclosure
Statement, State Disclosure Documents, if any, as well as a copy of the federal
and state income tax returns, in the Customer’s file maintained by them for a
period of three (3) years following the preparation and filing thereof,
after which time such documents shall be properly destroyed by commercially
reasonable methods in order to assure confidentiality. At the reasonable
request of Republic, JHI shall cause EROs to deliver to Republic a copy of any
Application or other documentation within three (3) business days.

 

6.                                       The following language is added to Section 6:

 

6.10                           Insurance. JHI agrees to procure and maintain
Commercial General Liability insurance of not less than Two Million Dollars
($2,000,000) per occurrence and Four Million Dollars ($4,000,000) in the
aggregate and Professional Liability Insurance with policy limits of not less
than Four Million Dollars ($4,000,000) per claim in the aggregate.

 

7.                                       Section 7.7 is modified to read as
follows:

 

7.7                                 Screening. [*]. Republic shall provide to JHI the text
of any disclosures required by Applicable Law to be provided to Customers. The
results of such screening process shall be set forth in an electronic file and
shall be presented in such form as JHI shall reasonably determine.  Responsibility for the cost of activities
undertaken pursuant to this Section 7.7 shall be determined by the mutual
agreement of the parties.

 

8.                                       Section 9.1 is modified to read as
follows:

 

9.1                                 Term. This Agreement shall be effective upon
its execution and applicable to the Program for Tax Seasons 2010, 2011 and 2012
and all related periods. This Agreement shall terminate and expire on October 31,
2012, unless extended by written agreement of the parties (the “Term”).

 

9.                                       Section 9.4 is modified to read as
follows:

 

9.4                                 Termination by Republic.

 

(a)                                  Republic may, at its option, terminate
this Agreement early by giving written notice of termination to JHI by June 30,
2010, which will terminate the Agreement with respect to the 2011 and 2012 Tax
Seasons, or by June 30, 2011, which will terminate the Agreement with
respect to the 2012 Tax Season.

 

(b)                                 [*].

 

2

 

10.                                 Republic and JHI enter into this Third
Amendment only for the purposes stated herein. Unless otherwise amended herein,
all other terms and conditions of the Agreement remain unchanged and in full
force and effect.

 

IN WITNESS WHEREOF, this
Third Amendment has been executed and delivered by a duly authorized officer of
each party as of the date set forth above.

 

	
  REPUBLIC BANK & TRUST COMPANY

  	
   

  	
  JACKSON HEWITT INC.

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  By:

  	
  /s/ William R. Nelson

  	
   

  	
  By:

  	
  /s/
  Daniel P. O’Brien

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Name:

  	
  William R. Nelson

  	
   

  	
  Name:

  	
  Daniel P. O’Brien

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Title:

  	
  President – TRS

  	
   

  	
  Title:

  	
  EVP & CFO

  

 

3

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