Document:

Exhibit
10.3

 

PROCESSING
SERVICES AGREEMENT

 

This
Processing Services Agreement (“Agreement”), effective July 23, 2019 (the “Effective Date”),
is entered into by and between Cuentas, Inc., a Florida corporation (“Company”) and Interactive
Communications International, Inc., a Florida corporation (“InComm”) (each of Company and InComm,
a “Party” and collectively, the “Parties”).

 

WHEREAS,
Company is engaged in the business of offering Program Management Services in connection with certain stored value cards and other
prepaid access products (the “Prepaid Products”, as defined below);

 

WHEREAS,
Sutton Bank (“Issuing Bank”), an Ohio chartered bank with a principal business address of 1 South Main
Street, Attica, Ohio 44807, is a principal member in good standing with the Card Associations that is authorized to issue the
Prepaid Products;

 

WHEREAS,
InComm is engaged in the business of offering Processing Services in connection with stored value cards and other prepaid access
products;

 

WHEREAS,
Company wishes to engage InComm to provide, and InComm desires to provide, InComm’s Processing Services in connection with
Company’s Program Management Services for thePrepaid Products;

 

NOW,
THEREFORE, in consideration of the mutual covenants and promises of the Parties and other good and valuable consideration, the
sufficiency and receipt of which is hereby acknowledged, the Parties agree as follows intending to be legally bound:

 

		1.	Definitions.
                                         Except as otherwise specifically indicated, the following terms shall have the following
                                         meanings in this Agreement (with such meanings to be equally applicable to both the singular
                                         and plural forms of the terms defined):

 

1.1.
“Affiliate” means, with respect to a party, any person, firm, corporation, partnership (including, without
limitation, general partnerships, limited partnerships, and limited liability partnerships), limited liability company, or other
entity that now or in the future, directly Controls, is Controlled with or by or is under common Control with such party.

 

1.2.
“Applicable Law” means (A) the bylaws, operating rules, regulations or requirements of any Payment Network,
and (B) any and all foreign, federal, state or local laws, treaties, rules, regulations, regulatory guidance, directives, policies,
orders or determinations of (or agreements with), and mandatory written direction from (or agreements with), any foreign, federal,
state or local government agency or other regulatory authority, including, without limitation, the Bank Secrecy Act and the regulations
promulgated thereunder, any and all sanctions or regulations enforced by the U.S. Department of Treasury’s Office of Foreign
Assets Control, and all federal or state statutes or regulations relating to prepaid access, stored value, gift cards, money transmission,
unclaimed property, unfair or deceptive trade practices or acts, privacy or data security, as each of the foregoing may be amended
and in effect from time to time.

 

1.3.
“Bank Account” has the meaning set forth in Section 6.3.

 

1.4.
“Business Day” means any day (other than a Saturday, Sunday or legal holiday) on which federally-insured
financial institutions are permitted to be open in New York, New York.

 

1.5.
“Claim” has the meaning set forth in Section 10.1.

 

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1.6.
“Company Payments” has the meaning set forth in Section 6.1.

 

1.7.
“Company Technologies” includes the Program Management Services and, as used or provided by Company
in connection with the Program Management Services, (i) the processes, methods, machines, manufactures, technology, software or
other technologies and all other materials used or provided solely by Company pursuant to this Agreement; (ii) all improvements,
modifications or upgrades to any of the foregoing; (iii) any such intellectual property developed, invented, patented, or registered
by Company prior to or during the Term of this Agreement.

 

1.8.
“Confidential Information” has the meaning set forth in Section 9.1.

 

1.9.
“Control” means the possession, direct or indirect, of the power to vote fifty percent (50%) or more
of the securities that have ordinary voting power for the election of directors of any entity, or to direct or cause the direction
of the management and policies of such entity, whether through ownership of voting securities or by contract or otherwise.

 

1.10.
“Customization” has the meaning set forth in Section 2.4.

 

1.11.
“Data” means all customer information, data, instructions, records or documents relating to any Prepaid
Product, other than as produced or provided by InComm including Output.

 

1.12.
“Excused Downtime” has the meaning set forth in Exhibit C – Service Levels.

 

1.13.
“Improvements” has the meaning set forth in Section 2.5.

 

1.14.
“Indemnified Party” has the meaning set forth in Section 10.3.

 

1.15.
“Indemnifying Party” has the meaning set forth in Section 10.3.

 

1.16.
“Initial Term” has the meaning set forth in Section 12.1.

 

1.17.
“Issuing Bank Agreement” has the meaning set forth in Section 3.1.

 

1.18.
“Launch Date” means the date that the first Prepaid Product is activated following the availability
of the Processing Services in a production environment and after written acceptance by both parties.

 

1.19.
“Output” has the meaning set forth in Exhibit B.

 

1.20.
“Payment Network” means a card association or payment network, including the National Automated Clearinghouse
Association, which is utilized by any Party or Issuing Bank in connection with the performance of its obligations hereunder.

 

1.21.
“Prepaid Product” means the stored value cards and other prepaid access products issued by Issuing Bank
and for which Company provides its Program Management Services, pursuant to an Issuing Bank Agreement.

 

1.22.
“Prepaid Product Data” means any information relating to the issuance or use of a Prepaid Product, including
account numbers, transaction data and cardholder information.

 

1.23.
“Processing Services” means those data processing and related services provided by InComm in connection
with stored value cards and other prepaid access products.

 

1.24.
“Processing Services Documentation” means InComm’s standard servicing and operating instructions
and requirements for use of the Processing Services, made available to Company and as amended by InComm from time to time.

 

1.25.
“Program Management Services” means the development, marketing, servicing and/or supporting of stored
value cards and other prepaid access products provided by Company.

 

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1.26.
“Reviewed Party” has the meaning set forth in Section 4.3.

 

1.27.
“Reviewing Party” has the meaning set forth in Section 4.3.

 

1.28.
“Regulatory Authority” means any Payment Network, any state banking department, the Federal Deposit
Insurance Corporation, the Office of the Comptroller of the Currency, the Federal Reserve Board, the Consumer Financial Protection
Bureau, and any other governmental agency, including any foreign governmental agency, having jurisdiction over any of the services
to be provided hereunder, Company, InComm or any of their respective Affiliates.

 

1.29.
“Renewal Term” has the meaning set forth in Section 12.1.

 

1.30.
“Settlement Reserve Account” has the meaning set forth in Exhibit B.

 

1.31.
“Specifications” has the meaning set forth in Section 3.1.

 

1.32.
“Successor Bank” has the meaning set forth in Section 3.1.

 

1.33.
“Term” has the meaning set forth in Section 12.1.

 

		2.	Processing
                                         Services.

 

2.1. Services.
The purpose of this Agreement is to set forth the rights and obligations of the Parties with respect to InComm’s
provision of the Processing Services as described in Exhibit B and subject to the service levels set forth in Exhibit
C, provided that InComm’s obligations to timely perform the Processing Services is expressly subject to the timely
performance of obligations and responsibilities by Company and Issuing Bank, but only to the extent that the failure to so
perform affects InComm’s ability to timely perform, or its cost to perform, the Processing Services. Company and
Issuing Bank are responsible for all other aspects of the Prepaid Products (including production, marketing, sale and
distribution) and all related Data. Company acknowledges and agrees that, in performing the Processing Services, InComm will
not be considered a “provider of prepaid access” or a “seller of prepaid access,” as applicable, as
those terms are defined under 31 C.F.R. parts 1010 and 1022, and that neither Company nor Issuing Bank will designate,
identify, imply or otherwise treat InComm as such.

 

2.2.
Territory. Each Party acknowledges and agrees that the Processing Services shall only be utilized in connection with Prepaid
Products issued within the fifty United States, the District of Columbia, Puerto Rico and the U.S. Virgin Islands.

 

2.3.
Designated Representatives. Within ten (10) Business Days immediately following the Effective Date, each Party shall designate
one of its employees as such Party’s designated representative, who will serve as the single point of contact for such Party
with respect to the subject matter hereof and will have day–to–day authority for undertaking to ensure the Party fulfills
its obligations hereunder in a timely manner, including the authority to commit such Party’s resources.

 

2.4.
Customization. In the event Company wishes InComm to provide customized enhancements to the Processing Services, and such
customized enhancements are not, as determined by InComm, enhancements InComm has contemplated developing pursuant to an information
technology development plan (each such work, a “Customization”), the Parties agree to negotiate in good
faith the terms and conditions of such Customization, including (i) scope of work and (ii) total estimated cost of the Customization,
as evidenced in writing prior to the commencement of any Customization by InComm. Company shall be responsible, at a rate of $REDACTED/hour,
for all costs and expenses associated with the Customization unless otherwise provided in writing by the Parties. Any Customization
performed by InComm pursuant to this Section 2.4 shall not under any circumstances be considered an improvement, modification,
or upgrade subject to assignment or conveyance to Company.

 

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2.5.
IP Rights and Improvements. The Parties acknowledge and agree that (a) notwithstanding anything to the contrary in this
Agreement, InComm owns all right, title and interest, including all intellectual property rights, in and to the Processing Services
and any improvements, modifications, upgrades or enhancements thereto, including Customizations (collectively, “Improvements”),
and (b) no rights, title, or interest in or to the Processing Services or Improvements, or any of InComm’s intellectual
property rights to the Processing Services or Improvements, shall be assigned, conveyed, or transferred to Company in connection
with Company’s payment for work performed by InComm under this Agreement. To the extent Company contributes, in whole or
in part, to any Improvement of the Processing Services, Company hereby assigns to InComm all right, title and interest in and
to such Improvement. Further, Company agrees that (i) it will not seek, and that it will require its employees, agents and representatives
(including third-party contractors) not to seek patent, copyright, trademark, registered design, or other protection for any rights
in and to the Improvement; and (ii) it will do and will require its employees, agents and representatives (including third-party
contractors) to do all things and execute all documents as InComm may reasonably require to vest in InComm or its nominees any
protection for the Improvement that InComm deems appropriate.

 

2.6.
New Services. If InComm offers any new services or products generally to its customers and Company requests to use such
new service or product, InComm may, in its sole discretion, agree to provide such service or product at InComm’s then-current
fees or such other fees as InComm and Company may mutually agree.

 

2.7.
Suspension of Processing Services. The Parties acknowledge and agree that, notwithstanding anything herein to the contrary,
InComm may, in its sole reasonable discretion, suspend the Processing Services in the event of any actual or suspected fraud or
criminal activity relating to the Prepaid Products. InComm will remove such suspension and resume the Processing Services after
the actual or suspected fraud or criminal activity is corrected and sufficient actions are taken to prevent such activity from
reoccurring to InComm’s reasonable satisfaction.

 

2.8.
Communications. InComm shall instruct Company regarding the means for communicating data between InComm, Company, Issuing
Bank or other necessary third parties designated by Company or Issuing Bank. Company shall implement and maintain all necessary
communication equipment, including equipment specified by InComm, in good operating condition at Company’s own expense.

 

2.9.
Changes. InComm continually reviews and modifies its Processing Services to improve service, functionality and to comply
with Applicable Laws. InComm reserves the right to make changes in the Processing Services, including to operating procedures,
type of equipment or software utilized or required, processing priorities, programs, procedures, or the location of InComm’s
service center. InComm will notify Company with at least sixty (60) days advance notice of any changes to the Processing Services
that would have a material impact on Company’s use of the Processing Services and that will require Company and InComm to
undertake additional development work to conform to the changed service, unless such changes are required by Applicable Law or
due to a critical emergency that presents an immediate material risk to InComm or the Processing Services, in which case InComm
will make commercially reasonable efforts to provide Company with as much prior notice as possible or permitted under Applicable
Law.

 

2.10.
Change Requests. Upon Company’s written request for any change to the Processing Services, including a change to
any Specifications or the integration of new Company services with the Processing Services, the Parties agree to negotiate in
good faith the terms for such change, including any new or changed pricing, in a mutually agreed upon statement of work. Except
as set forth in such statement of work, Company will be solely responsible and liable for ensuring that any such requested change
does not violate Applicable Law.

 

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2.11.
Professional Services. If Company requires or requests any professional services not otherwise provided as part of the
Processing Services (including project management, consulting for professional or technical support, systems programming and/or
analysis, training or deconversion assistance), the Parties may contract for such professional services on a time and materials
basis at the professional services rate set forth in Exhibit D and subject to any reimbursement of Company-approved travel, lodging
or out-of-pocket expenses incurred by InComm in performing the professional services.

 

		3.	Company
                                         Obligations.

 

3.1.
Issuing Bank Agreement. Upon the execution of this Agreement, Company shall promptly submit to InComm a copy of its duly
executed agreement with Issuing Bank demonstrating Company’s authority to provide the Program Management Services for Issuing
Bank’s Prepaid Products (“Issuing Bank Agreement”). If, during the Term, Issuing Bank ceases to
issue Programs Cards under the Issuing Bank Agreement and Company engages a successor bank (“Successor Bank”)
to issue Prepaid Products, InComm will have no obligation to provide the Processing Services until (a) Company submits to InComm
a duly executed Issuing Bank Agreement with such Successor Bank (as Issuing Bank) and (b) InComm provides to Company its written
approval of Company’s continued arrangement with Successor Bank (as Issuing Bank).

 

3.2.
Integration and Use. Company will integrate and use the Processing Services in accordance with the Processing Services
Documentation and any other processing parameters, features and options as the Parties may mutually agree (collectively, the “Specifications”),
Applicable Law and its Issuing Bank Agreement. Company will make commercially reasonable efforts to ensure that Issuing Bank does
not utilize the Processing Services in violation of Applicable Law or the terms and conditions for any Prepaid Product. Company
and InComm agree to cooperate to mitigate the risk of fraud or other misuse of the Processing Services. Each Party will promptly
inform the other if it becomes aware that Issuing Bank or any user of a Prepaid Product is engaging in any fraudulent, unlawful,
deceptive or abusive activity, except as restricted or prohibited by Applicable Law. Company will ensure that its employees and
representatives are trained to comply with Company’s obligations under this Agreement, including the Specifications.

 

3.3.
Exclusivity. During the Term, (a) InComm shall be the sole and exclusive provider to Company of the Processing Services;
(b) Company will not perform or provide, and will ensure that its Affiliates do not perform or provide, any of the Processing
Services for itself, nor engage any third-party to provide any of the Processing Services, in connection with the Prepaid Products;
and (c) Company agrees to use InComm as its exclusive source for all other existing and future processing requirements of Company
and its Affiliates with respect to its Prepaid Products business, provided, however, that with respect to subsection (c), InComm
may in its sole discretion determine to accept or refuse to provide any additional processing services and that If InComm refuses
to provide such additional processing services upon written notice to Company, Company may source such additional processing services
from other parties and in such case Company is not permitted to use InComm’s APIs and/or load/reload network. For clarity,
subsection (c) is not intended to limit or otherwise affect InComm’s obligations with respect to the Processing Services
under this Agreement.

 

3.4.
Inquiries and Disputes. (a) InComm shall be responsible for addressing all disputes and inquiries related to the Processing
Services. Company shall timely notify InComm of such disputes and inquiries, and any other issues concerning the Processing Services,
via their InComm designated representative. (b) Company shall (i) be responsible for addressing all disputes and inquiries related
to the Program Management Services and (ii) address, or ensure that Issuing Bank addresses, all inquiries (including cardholder
inquiries) related to the Prepaid Products.

 

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3.5.
Reporting Costs; Data Sharing Costs. Company shall be responsible for its own costs relating to Company-specific reporting
required by Issuing Bank or any Payment Network, regulatory agency or other third party. Company will pay InComm the data-sharing
fees, as may be reasonably set by InComm, associated with furnishing Data or other information to any third party as instructed
by Company, or to any regulatory agency with jurisdiction over Company, Issuing Bank or the Prepaid Products.

 

		4.	Compliance.

 

4.1.
Applicable Law. The Parties agree to perform their obligations under this Agreement in accordance with Applicable Law.
As between the Parties, (a) Company is responsible for, and will ensure compliance with Applicable Law of, all aspects of the
Prepaid Products (other than the Processing Services) including: (i) the Program Management Services, (ii) the design, production,
marketing, sale and distribution of the Prepaid Products and related services, features, functionality, terms, conditions, disclosures,
fees and marketing materials; and (iii) any particular actions, disclosures, formulas, calculations and procedures required for
compliance with Applicable Law (whether to be performed by InComm or Company); and (b) InComm will ensure that the Processing
Services comply with Applicable Law as a third party provider of data processing services. InComm will not be responsible for
any violation by Company or Issuing Bank of any Applicable Law applicable to the Prepaid Products.

 

4.2.
Books and Records. Each Party shall maintain complete and accurate books of account and records, in accordance with generally
accepted accounting principles in the United States, of all financial transactions arising in connection with its obligations
pursuant to this Agreement for a period of not less than that legally required for such records from the date last recorded or
created, but in no event less than three (3) years following the end of the Term. In addition to and notwithstanding the foregoing,
to the extent a Party has sole possession or control of any records required to be maintained by the other Party pursuant to Applicable
Law, the Party with possession or control shall maintain, or cause to be maintained, as applicable, such records in such form
and for such time periods as required by Applicable Law, and shall make such records available to the other Party upon request.
The Parties further agree to work together in good faith to reconcile any accounting discrepancies. Each Party shall at all times
(i) cooperate with respect to, and promptly respond to, all reasonable requests communicated to it by the other Party in connection
with the subject matter hereof, and (ii) provide reasonable access to all information and documents related to the subject matter
hereof which may be in the control or possession of such Party and which the other Party requires in order to comply with Applicable
Law.

 

4.3.
Audits. During the Term and for a period of one year thereafter, each Party (the “Reviewing Party”)
may, at its own expense, inspect, or have a third party designated by the Reviewing Party inspect, the books and records of the
other Party (the “Reviewed Party”) that are directly related to the obligations of the Reviewed Party
hereunder, provided that any such inspection shall occur upon no less than ten (10) Business Days prior written notice and at
a mutually agreed upon date and time during the Reviewed Party’s normal business hours, and no more frequently than once
during any calendar year unless (i) otherwise required by Applicable Law or any Regulatory Authority, or (ii) the Reviewing Party
has a reasonable belief that the Reviewed Party is not acting in compliance with the terms of this Agreement or Applicable Law.
The Reviewed Party shall furnish to the Reviewing Party or its designee all such information concerning transactions and the Reviewed
Party’s performance of its obligations hereunder as the Reviewing Party may reasonably request.

 

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		5.	Risk
                                         of Loss. As between the parties, Company shall be responsible for:

 

(a)
All risk and liability associated with the Prepaid Products (other than as a direct result of a material breach by InComm of its
obligations under this Agreement), including transactions made with any Prepaid Product and any and all risk of loss to any tangible
item (i) provided by InComm for Company (including statements and embossed cards) upon delivery of such items to the U.S. Postal
Service or such other courier as Company may select, and (ii) provided by Company to InComm until actual receipt of such items
by InComm (it being expressly understood that the U.S. Postal Service and any courier selected by Company are the agents of Company
and not InComm);

 

(b)
Ensuring the accuracy, completeness or authenticity of any Data furnished in connection with the Prepaid Products, and for any
losses arising from any inaccuracies, incompleteness or non-authenticity relating to such Data, including in connection with the
transmission of such Data (1) from Company, Issuing Bank or another third party to InComm or (2) from InComm to any third party
as instructed by Company or Issuing Bank, provided that in such case InComm reserves the right to require such third-party to
enter into an agreement with InComm; and

 

(c)
any losses arising from any fraudulent activity in connection with a Prepaid Product.

 

For
the avoidance of doubt, InComm is not responsible for, and has no obligation to verify, the accuracy, completeness or authenticity
of any Data furnished to InComm. Without limiting the foregoing, if InComm determines that any Data may be inaccurate, incomplete
and non-authentic, InComm may (but is not required to) notify Company and require Company to resubmit such Data.

 

Without
limiting any of the foregoing, each Party will make commercially reasonable efforts to promptly notify the other Party in the
event that such Party’s fraud monitoring operations detect repetitive suspicious activity directly affecting a Prepaid Product
transaction processed through the Processing Services.

 

		6.	Fees
                                         and Payments.

 

6.1.
Processing Fees. Company shall pay InComm the Processing Fees set forth in Exhibit D and other amounts due or payable
to InComm under the Agreement (collectively, “Company Payments”). Except as otherwise provided in Exhibit
D, for each Contract Year after Contract Year 1, InComm may increase the Processing Fees, such increase not to exceed 3%, upon
thirty (30) days written notice prior to the end of such Contract Year. The Processing Fees are exclusive of charges for materials,
work, hardware, software or travel not otherwise set forth in Exhibit D or any statement of work, which must be approved by Company.
Travel time, if required, is subject to InComm’s standard professional services rate.

 

6.2.
Third-Party Fees. Company is solely responsible for, and shall reimburse InComm (when passed-through to Company at cost
and without markup) for, any third-party fees outside the control of InComm and necessary for InComm’s provision of the
Processing Services. Such third-party fees may include (i) Payment Network fees, including surcharges, interchange, assessments,
switch fees and network fees, and semi-annual mandates; (ii) postage, supplies, courier, data transmission and telecommunication
expenses; and (c) any increase to such fees, as the relevant third-party may require from time to time in its sole discretion.
InComm will make commercially reasonable efforts to provide reasonable estimates of such third-party fees, not more frequently
than annually, provided, however, that InComm makes no representation or warranty as to the accuracy of such estimates and, notwithstanding
InComm’s estimation of third-party fees, Company is required to pay all invoiced third-party fees in accordance with this
Section 6.2.

 

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6.3.
Method of Payment. Company shall provide InComm with the demand deposit account number and routing transit number for a
bank account (“Bank Account”) from which InComm may withdraw Company Payments at any time seven(7) days
after Company’s receipt of InComm’s monthly invoice. Company agrees (a) to sign an ACH authorization form to allow
InComm to make such withdrawals from the Bank Account and (b) not to revoke such authorization until all Company Payments are
paid in full to InComm. Company will ensure there are sufficient funds in the Bank Account to satisfy Company Payments each month
and InComm may immediately suspend providing the Processing Services without notice and without incurring any liability to Company
until there are sufficient funds in the Bank Account to pay any outstanding Company Payments due to InComm.

 

6.4.
Invoices. InComm shall invoice Company following the end of each calendar month for all Processing Fees incurred in the
previous month, as well as any other Company Payments owed to InComm, including any one-time fees. If Company fails to pay, or
InComm is unable to withdraw from the Bank Account, the Company Payments in full within fourteen (14) days following the date
of such invoice, the unpaid amount of any such Company Payments shall bear interest at the rate equal to the lesser of (a) 12%
per annum, or (b) the maximum rate permitted by applicable law, from the date on which payment was due until the date on which
InComm receives the outstanding payment. Without limiting any of its other rights or remedies, InComm may take any or all of the
following measures if any of Company’s undisputed payment obligations becomes ninety (90) days past due:

 

		6.4.1.	Notify
                                         the Issuing Bank of Company’s delinquency;

 

		6.4.2.	Upon
                                         notice to Company, immediately initiate procedures to terminate the Processing Services,
                                         including suspending Company’s access to InComm’s systems (including APIs);
                                         and

 

		6.4.3.	Modify
                                         the status of Company’s Program Management Services with respect to Company’s
                                         use of the Processing Services such that value loads will be declined.

 

6.5.
Taxes. Company shall be responsible for all taxes and similar charges imposed on it by any governmental authority assessed
as a result of this Agreement. InComm shall be responsible for all taxes and similar charges imposed on it by any governmental
authority assessed as a result of InComm’s provision of Processing Services.

 

6.6.
Billing Disputes. If Company in good faith disputes any portion of any invoice, Company shall notify InComm within ten
(10) days following the date of such invoice. Such notice shall include written documentation identifying and substantiating the
disputed amount; provided that Company remits payment equal to the amount due on the invoice less such disputed amount. Without
limiting the foregoing, if a Party fails to notify the other Party of a payment dispute, whether for a billing or invoicing error
or any other unresolved payment issue between the Parties, within one hundred eighty (180) days following the date of the applicable
invoice or when the payment issue should have been reasonably detected (as applicable), then such Party shall have waived its
right to dispute that invoice or payment issue. Any disputed amounts resolved in favor of Company shall be credited to Company
on the next invoice following resolution of the dispute. Any disputed amounts resolved in favor of InComm shall be due within
thirty (30) days of InComm’s request for payment or added to the next monthly invoice.

 

		7.	Reports.

 

7.1.
Each Party shall provide to the other Party reports relating to the performance of its obligations hereunder as may be mutually
agreed upon in writing by the Parties from time to time. Each Party shall ensure that all reports provided by such Party are complete
and accurate in all materials respects as of the date and time delivered. In the event that a Party discovers any inaccuracies
or deficiencies in any report previously delivered to the other Party, the discovering Party shall promptly inform the other Party
of such fact, and thereafter the Party responsible for producing the report shall promptly cure such inaccuracy or deficiency.

 

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		8.	Representations,
                                         Warranties and Covenants.

 

8.1.
Company Representations, Warranties, and Covenants. Company hereby represents, warrants, and covenants to each other Party
that:

 

(a)
it is duly incorporated and validly existing and in good standing under the laws of the State of Florida;

 

(b)
it is duly qualified and is properly licensed to do business, and is in good standing (i) in each jurisdiction in which the conduct
of its business requires it to so qualify or be licensed, and (ii) with each Regulatory Authority having jurisdiction over it;

 

(c)
it has, and shall at all times maintain, all necessary licenses, permits, approvals, and registrations from all Regulatory Authorities
which are required to perform its obligations hereunder;

 

(d)
the execution and delivery of this Agreement by Company and the performance of its obligations hereunder require no consent, approval,
order or authorization of, or registration, declaration or filing with, or other action by, any governmental agency or authority,
except for such consents, approvals, orders, authorizations, registrations, declarations or filings which Company has made or
obtained;

 

(e)
the performance of its obligations hereunder do not and will not violate any other agreement to which it is a party;

 

(f)
it (i) has entered into a written Issuing Bank Agreement pursuant to which it is obligated or otherwise authorized to engage InComm
to perform the Processing Services in connection with the Prepaid Products, (ii) is in compliance with such Issuing Bank Agreement;
and (iii) shall immediately notify InComm in the event that such agreement is terminated or not renewed, either Company or Issuing
Bank suspends or limits its performance under the Issuing Bank Agreement or provides notice of its intention not to renew the
Issuing Bank Agreement, or such Issuing Bank Agreement is amended or otherwise modified in any way, or any action is taken by
Company or Issuing Bank, which would impact the rights, obligations or liabilities of InComm;

 

(g)
it is not authorized to itself issue any of the Prepaid Products, and that the Issuing Bank Agreement reflects Issuing Bank’s
authority under Applicable Law to issue such Prepaid Products;

 

the
Company Technologies do not infringe on any United States or other jurisdiction’s patent rights, copyrights, trademarks,
trade dress, service marks, trade secret rights, or other proprietary rights of any third party;

 

(h)as
of the Effective Date of this Agreement, there are no pending or, to the knowledge of Company, threatened, Claims or litigation
against Company that would adversely impact Company’s ability to perform its obligations under this Agreement, including,
but not limited to, any Claims or litigation contesting Company’s ownership or right to use any of the Company Technologies
or its patents, copyrights, trademarks, service marks, or trade secrets in connection with the Company Technologies.

 

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8.2.
InComm Representations, Warranties, and Covenants. InComm hereby represents, warrants, and covenants to the other Parties
that:

 

(a)
it is duly incorporated and validly existing and in good standing under the laws of the State of Florida;

 

(b)
it is duly qualified and is properly licensed to do business, and is in good standing (i) in each jurisdiction in which the conduct
of its business requires it to so qualify or be licensed, and (ii) with each Regulatory Authority having jurisdiction over it;

 

(c)
it has, and shall at all times maintain, all necessary licenses, permits, approvals, and registrations from all Regulatory Authorities
which are required to perform its obligations hereunder; and

 

(d)
the execution and delivery of this Agreement by InComm and the performance of its obligations hereunder require no consent, approval,
order or authorization of, or registration, declaration or filing with, or other action by, any governmental agency or authority,
except for such consents, approvals, orders, authorizations, registrations, declarations or filings which InComm has made or obtained.

 

		9.	Confidential
                                         Information.

 

9.1.
Definition. Each Party acknowledges that it may receive Confidential Information of another Party. For purposes of this
Agreement, “Confidential Information” includes the terms of this Agreement, Prepaid Product Data, any
customer information (including but not limited to nonpublic personally identifiable information), financial data and budgetary
or proprietary business information, income or sales data or projections, customer lists, business operations, policies, procedures
and techniques, advertising summary or tracking reports or other reports generated in accordance with this Agreement, schematics,
ideas, techniques, know how, concepts, development tools and processes, computer printouts, computer programs, design drawings
and manuals, and improvements, patents, copyrights, trade secrets or other intellectual property of any kind or nature, plans
for future development and new product concepts, contemplated products, research, development, strategies, and any information
which, from the relevant circumstances, should reasonably be assumed to be confidential and proprietary. The term “Confidential
Information” shall not include information which, prior to delivery, was already in the recipient Party’s possession;
is or becomes generally available to the public through lawful means, other than as the result of a disclosure by the recipient
Party or its representatives; becomes available to a recipient Party without confidential or proprietary restriction by a third
party who rightfully possesses the information without confidential or proprietary restrictions; or the recipient Party can demonstrate
that it was independently developed by such recipient Party.

 

9.2.
Use. Except as otherwise specifically provided in this Agreement, each Party covenants and agrees that it will not, publish,
communicate, divulge, or disclose to any person, firm, or corporation any Confidential Information of any other Party, except
as necessary in the performance of the terms of this Agreement. Each Party covenants and agrees that it will not use any Confidential
Information of any other Party except as necessary to fulfill its obligations or exercise its rights under this Agreement, and
only for such purposes and only for the time that it is necessary to do so, except to the extent it is otherwise permitted under
this Agreement. Each Party will take commercially reasonable security precautions, at least as great as the precautions it takes
to protect its own Confidential Information and as may be required by Applicable Law, with respect to the Confidential Information
of each other Party which it receives and will disclose such Confidential Information only on a need to know basis and only to
its subsidiary, agent or subcontractor who is obligated to treat such Confidential Information in a manner consistent with all
the obligations of this Agreement. Liability for damages due to disclosure of the Confidential Information by any such third party
shall be with the Party that disclosed the Confidential Information to the third party.

 

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9.3.
Required Disclosures. In the event that the recipient of Confidential Information is requested or becomes legally compelled
to disclose any Confidential Information of the other Party, it is agreed that such recipient Party will provide the disclosing
Party with prompt written notice of such request(s) to enable the disclosing Party, at its sole cost and expense, to seek a protective
order to protect and preserve the confidential nature of the Confidential Information. In such event, each Party agrees that it
will furnish only that portion of the Confidential Information which is legally required and will exercise reasonable efforts
to obtain reliable assurance that confidential treatment will be accorded to that portion of the Confidential Information and
other information which is being disclosed. Each Party shall immediately notify the other upon discovery of any loss or unauthorized
disclosure of the Confidential Information of the other Party.

 

9.4.
Return or Destruction. As requested by the furnishing Party during the Term, upon expiration or any termination of this
Agreement, or completion of the obligations of the receiving Party, as applicable, the receiving Party shall (i) return or destroy,
as the furnishing Party may direct, and in the manner reasonably directed by the furnishing Party, all material in any medium
that contains, refers to, or relates to the furnishing Party’s Confidential Information, and (ii) retain no copies except
one (1) copy solely for compliance with record retention requirements under Applicable Law; provided, however, that no Party will
be obligated to erase Confidential Information contained in an archived computer system backup made in accordance with such Party’s
security and/or disaster recovery procedures, provided that such archived copy will (i) eventually be erased or destroyed in the
ordinary course of such Party’s data processing procedures and (ii) will remain fully subject to the obligations of confidentiality
stated herein.

 

9.5.
Misuse. In the event of any actual or suspected misuse, disclosure or loss of, or inability to account for, any Confidential
Information of the furnishing Party, the receiving Party promptly shall: (i) notify (and in any event within three (3) Business
Days) the furnishing Party upon becoming aware thereof; (ii) furnish to the other Parties full details of the unauthorized possession,
use or knowledge, or attempt thereof, and use reasonable efforts to assist the other Party in investigating or preventing the
reoccurrence of any unauthorized possession, use, or knowledge, or attempt thereof, of Confidential Information; (iii) take such
actions as may be necessary or reasonably requested by the furnishing Party to minimize the violation; and (iv) cooperate in all
reasonable respects with the furnishing Party to minimize the violation and any damage resulting therefrom.

 

9.6.
Ownership of Confidential Information. As between the Parties, each Party’s Confidential Information shall remain
the property of that Party. Nothing contained in this Agreement shall be construed as obligating a Party to disclose its Confidential
Information to the other Party, or as granting to or conferring on a Party, expressly or impliedly, any rights or license to the
Confidential Information of the other Party, and any such obligation or grant shall only be as provided by other provisions of
this Agreement. For the avoidance of doubt, any Data furnished by Company will remain Company’s Confidential Information,
and InComm will have no right to use such Data for any purposes except as required to perform its obligations under this Agreement
or as otherwise permitted under this Section 9.

 

9.7.
Disaster Recovery. InComm will establish a disaster recovery plan designed to reasonably minimize the risks associated
with a disaster affecting InComm’s provision of the Processing Services under this Agreement. Such disaster recovery plan
will include reasonable backup procedures designed to recover Company’s Data and maintain the continuity of the Processing
Services. Company is responsible for establishing and maintaining its own disaster recovery plan relating to disasters affecting
Company’s systems and facilities to enable InComm to maintain the continuity of the Processing Services.

 

9.8.
Press Releases and Inquiries. All media releases, public announcements and public disclosures by a Party or Issuing Bank
relating to this Agreement or the subject matter of this Agreement, including promotional or marketing material (but not including
announcements intended solely for internal distribution or disclosures to the extent required to meet legal or regulatory requirements
beyond the reasonable control of the disclosing party) shall be coordinated with and approved by both Parties prior to release.
If a Party determines that disclosure is required to meet legal or regulatory requirements it shall promptly inform the other
Party and coordinate such disclosure with the other Party. The disclosing Party shall limit disclosure to that which is necessary
and shall give due consideration to comments the other Party and its counsel may provide regarding the nature of the disclosure.
Company shall ensure that Issuing Bank complies with the foregoing requirements.

 

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9.9.
Conflicts. To the extent that any provision in this Agreement conflicts with a provision of any other agreement between
the Parties, the language most protective of Confidential Information shall take precedence as to the subject matter hereof.

 

		10.	Indemnification.

 

10.1.
Company Indemnification. Company agrees to indemnify, defend and hold harmless InComm and its Affiliates, sureties, officers,
directors, agents, employees, parents and subsidiaries, from and against any and all liability, damages, costs, expenses, including
reasonable legal fees and expenses, for any third party claim or demand, including, without limitation, from Issuing Bank or user
of a Prepaid Product or any fees or penalties assessed by any Regulatory Authority (“Claim”), arising
out of or related to:

 

(a)
Company’s breach of any representation, warranty, covenant or obligation under this Agreement;

 

(b)
Company’s or Issuing Bank’s breach of any representation, warranty, covenant or obligation under the Issuing Bank
Agreement or the terms and conditions applicable to any Prepaid Product;

 

(c)
gross negligence, fraud or willful misconduct on the part of Company, Issuing Bank, or any of their officers, directors, employees,
representatives or service providers, and their respective officers, directors and employees;

 

(d)
any actions taken by InComm in accordance with or in good faith reliance upon information or instructions provided by Company
or Issuing Bank;

 

(e)
any actual or alleged infringement or misappropriation of any intellectual property rights of any third party by Company or Issuing
Bank; or

 

(f)
any act or omission of Issuing Bank.

 

The
defense obligation of Company attaches if the Claim alleges any of the foregoing violations, breaches, acts or omissions.

 

10.2.
InComm Indemnification. InComm agrees to indemnify, defend and hold harmless Company, its Affiliates, sureties, officers,
directors, agents, employees, parents and subsidiaries, from and against any and all Claims arising out of or related to:

 

(a)
InComm’s breach of any representation, warranty, covenant or obligation under this Agreement; or

 

(b)
gross negligence, fraud or willful misconduct on the part of InComm, its officers, directors, employees, representatives or service
providers, and their respective officers, directors and employees;

 

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The
defense obligation of InComm attaches if the Claim alleges any of the foregoing violations, breaches, acts or omissions.

 

10.3.
Indemnification Procedures. If any Claim is asserted against any Party (individually or collectively, the “Indemnified
Party”) by any person who is not a Party to this Agreement in respect of which the Indemnified Party may be entitled
to indemnification under the provisions of Sections 10.1 or 10.2 above, written notice of such Claim shall promptly be given to
the Party (individually or collectively, the “Indemnifying Party”) from whom indemnification may be
sought. The Indemnifying Party shall have the right, by notifying the Indemnified Party within ten (10) Business Days of its receipt
of the notice of the Claim, to assume the entire control (subject to the right of the Indemnified Party to participate at the
Indemnified Party’s expense and with counsel of the Indemnified Party’s choice) of the defense, compromise or settlement
of the matter, including, at the Indemnifying Party’s expense, employment of counsel of the Indemnifying Party’s choice.
The Indemnified Party must provide reasonable cooperation in the defense and the failure to do so will be deemed waiver by the
Indemnified Party of any and all right to indemnification by the Indemnifying Party. The Indemnifying Party shall not compromise
or settle a Claim against the Indemnified Party without the Indemnified Party's prior written consent, which shall not be unreasonably
withheld or delayed; provided that the Indemnifying Party may, however, effect a compromise or settlement of an action without
the Indemnified Party's consent if the following conditions are met: (i) there is no admission of guilt or liability by the Indemnified
Party; (ii) the sole relief provided is monetary damages that are paid in full by the Indemnifying Party; (iii) the compromise
or settlement entered into between the parties to the matter shall expressly provide that the compromise or settlement entered
into between the parties, and all discussions between and among the parties to the matter surrounding the compromise or settlement,
shall be kept confidential; such compromise or settlement also shall stipulate that no press releases or other public statements
may be made concerning such compromise or settlement without the prior written consent of the Indemnified Party; and (iv) the
Indemnified Party is made aware of the proposed compromise or settlement as reasonably early as practicable, and the proposed
compromise or settlement includes the claimant's or the plaintiff's unconditional release of the Indemnified Party from all liability
in respect of the Claim.

 

		11.	Limitation
                                         of Liability; Disclaimer of Warranties.

 

11.1.
Limitation of Liability. (A) NEITHER INCOMM NOR ANY OF ITS SUBSIDIARIES, PARENTS OR AFFILIATES SHALL BE LIABLE TO COMPANY
OR ISSUING BANK, OR ANY OF THEIR SUBSIDIARIES, PARENTS OR AFFILIATES, WHETHER IN CONTRACT, TORT, EQUITY OR OTHERWISE, FOR ANY
INDIRECT, INCIDENTAL, CONSEQUENTIAL, SPECIAL, PUNITIVE OR EXEMPLARY DAMAGES, OR FOR LOST PROFITS (EVEN IF SUCH DAMAGES OR LOST
PROFITS ARE FORESEEABLE, AND WHETHER OR NOT ANY PARTY HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES OR LOST PROFITS), ARISING
FROM OR RELATING TO THIS AGREEMENT OR THE PROVISION OF THE PROCESSING SERVICES.

 

(B)
THE CUMULATIVE LIABILITY OF INCOMM WITH RESPECT TO COMPANY OR ISSUING BANK SHALL NOT UNDER ANY CIRCUMSTANCES EXCEED THE PREVIOUS
TWELVE (12) MONTHS REVENUE RECEIVED BY INCOMM UNDER THIS AGREEMENT. NOTWITHSTANDING THE FOREGOING, THE LIMITATION CONTAINED IN
THIS SECTION 11.1(B) SHALL NOT APPLY TO ANY CLAIM THAT ARISES OUT OF INCOMM’S GROSS NEGLIGENCE, WILLFUL MISCONDUCT OR FRAUD.

 

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11.2.
Disclaimers. (A) THE PROCESSING SERVICES ARE PROVIDED ON AN “AS IS” AND “AS AVAILABLE” BASIS, AND
EXCEPT AS OTHERWISE EXPRESSLY SET FORTH HEREIN, INCOMM MAKES NO REPRESENTATIONS OR WARRANTIES, AND HEREBY EXPRESSLY DISCLAIMS
ALL WARRANTIES, EXPRESS, IMPLIED, STATUTORY, OR OTHERWISE, RELATING TO OR ARISING OUT OF THIS AGREEMENT, INCLUDING WITHOUT LIMITATION,
ANY IMPLIED WARRANTY OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE AND IMPLIED WARRANTIES ARISING FROM COURSE OF DEALING
OR COURSE OF PERFORMANCE.

 

(B)
As between the Parties, Company is solely responsible, and InComm disclaims all liability for (i) the collection of funds from
Company or Issuing Bank’s customers or other person in connection with use of a Prepaid Product; (ii) any chargeback initiated
through a Payment Network, including where funding of a Prepaid Product involved the use of a Payment Network-branded credit or
debit card; (iii) any return entries or adjustment entries initiated through any funds transfer systems where the funding of a
Prepaid Product involved an electronic funds transfer; (iv) any dishonored items where the funding of a Prepaid Product involved
the use of a check or draft; (v) any transaction caused by a party other than InComm that results in an overdraft or negative
balance on a Prepaid Product; (vi) determining the applicability of, and complying with, Applicable Law with respect to any Prepaid
Product, including disclosures, fees, recognition of revenue and unclaimed property and escheatment; and (vii) any negative balance
on any Prepaid Product due to Company’s failure to provide good funds.

 

		12.	Term
                                         and Termination.

 

12.1.
Term. The term of this Agreement shall begin on the Effective Date and continue for a period of five (5) years (the “Initial
Term”). This Agreement shall automatically renew for additional periods of one (1) year each (each, a “Renewal
Term”) (the Initial Term, collectively with all Renewal Terms, the “Term”), unless (a)
otherwise terminated as provided herein or (b) a Party provides the other Party with written notice of its intention to not renew
the Agreement not less than ninety (90) days prior to the expiration of the Initial Term or Renewal Term then in effect.

 

12.2.
Termination. A Party shall have the right to terminate the Agreement upon occurrence of one or more of the following events:

 

(a)
Failure by the other Party to observe or perform, in any material respect, that Party’s obligations hereunder, so long as
the failure is not due to the actions or failure to act of the terminating Party, but only if the failure continues for a period
of thirty (30) Business Days after the non–performing Party received written notice from the terminating Party specifying
the failure in the case of a failure not involving the payment of money;

 

(b)
In the event any representation, warranty statement or certificate furnished to it by the other Party in connection with or arising
out of the Agreement is materially adverse to the terminating Party and intentionally untrue as of the date made or delivered;

 

(c)
The other Party: (i) voluntarily commences any proceeding or filing any petition seeking relief under Title 11 of the United States
Code or any other federal, state or foreign bankruptcy, insolvency, liquidation or similar law; (ii) applies for or consents to
the appointment of a receiver, trustee, custodian, sequestrator or similar official for such Party or for a substantial part of
its property or assets, (iii) makes a general assignment for the benefit of creditors, or (iv) takes corporate action for the
purpose of effecting any of the foregoing;

 

(d)
The commencement of an involuntary proceeding or the filing of an involuntary proceeding or the filing of an involuntary petition
in a court or competent jurisdiction seeking: (i) relief in respect for the other Party, or of a substantial part of its property
or assets under Title 11 of the United States Code or any other federal, state or foreign bankruptcy, insolvency, receivership
or similar law, (ii) the appointment of a receiver, trustee, custodian, sequestrator or similar office for the other Party for
a substantial part of its property or assets, or (iii) the winding up or liquidation, of the other Party, if such proceeding or
petition shall continue un–dismissed for one hundred eighty (180) days or an order or decree approving or ordering any of
the foregoing shall continue unstayed and in effect for one hundred (180) days; or

 

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(e)
Upon any change to or enactment of any Applicable Law, or published change in the interpretation thereof by any Regulatory Authority,
which would have a material adverse effect upon: (i) the subject matter hereof; (ii) such Party’s ability to perform its
obligations hereunder; or (iii) such Party’s expected risks or benefits under this Agreement; provided that the Parties,
after good faith discussions, cannot find a mutually agreeable solution within a reasonable amount of time.

 

12.3.
InComm Termination Rights. In addition to its termination rights under Section 12.2, InComm shall have the right to terminate
the Agreement upon occurrence of one or more of the following events:

 

(a)
If InComm fails to receive payment from Company pursuant to the provisions of Section 6 of this Agreement and Company, within
20 business days after written notice, still has not made such payment to InComm, or immediately without notice if InComm fails
to receive payment more than four times in any twelve-month period;

 

(b)
Company’s or Issuing Bank’s violation of Applicable Law rendering InComm unable to substantially perform under the
Agreement, provided that the Parties cannot find a legally workable solution to avoid violating Applicable Law within a reasonable
amount of time;

 

(c)
Upon direction from any Regulatory Authority for InComm to cease or materially limit its performance under this Agreement; or

 

(d)
Upon the sale or other disposition by Company of 90% or more of Prepaid Product accounts for which InComm provides Processing
Services.

 

12.4.
Rights and Obligations upon Termination. The Parties’ rights to terminate this Agreement shall be in addition to,
and not in lieu of, any other remedies they may have by virtue of (a) a breach or default with respect to this Agreement or (b)
any other event which permits a termination. Furthermore, the termination or expiration of this Agreement shall not relieve the
Parties of any obligations due at or before the time of such termination or expiration or prejudice any claim of any Party.

 

12.5.
Deconversion. Upon the expiration or termination of this Agreement, InComm shall provide deconversion assistance to Company
as Company may reasonably request, subject to a mutually agreeable timeline and other terms and conditions and provided that (a)
Company has satisfied payment for all outstanding Company Payments due to InComm; (b) Company, and if applicable the replacement
service provider, has executed InComm’s deconversion confidentiality agreement; and (c) Company has prepaid in full InComm’s
deconversion fees based on InComm’s then-current professional services rate set forth in Exhibit D in order to accomplish
the deconversion. Company is also responsible for reimbursing InComm for all reasonable costs that InComm may incur in providing
deconversion assistance.

 

12.6.
Payment Upon Termination. (a) If InComm terminates this Agreement pursuant to Section 12.2(a) or (b) or Section 12.3(a),
(b) or (d), Company agrees that it will pay InComm, upon termination by InComm and prior to deconversion, an amount equal to the
average monthly gross revenue to InComm under this Agreement (based on the 12 months immediately preceding the effective date
of termination) multiplied by the lesser of 12 months or the number of months remaining in the then-current term. Company and
InComm acknowledge and agree that such payment is a reasonable estimate of the actual damages which InComm would suffer if InComm
were unable to provide the Processing Services for the remainder of the then-current term. In making such determination, the Parties
have considered all relevant factors known to the Parties as of the Effective Date and have given special consideration to the
particular circumstances which may attend each particular termination event including the allocation of risks associated therewith
between the Parties, and that but for the full consideration of such factors neither Party would have entered into this Agreement.
Notwithstanding the foregoing, nothing in this Section 12.6 shall limit InComm’s right to recover from Company any amounts
for which Company is otherwise liable under this Agreement.

 

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12.7.
Change in Law Affecting Prepaid Products. In the event of a change to or enactment of any Applicable Law, or published
change in the interpretation thereof by any Regulatory Authority, with respect to a particular Prepaid Product, which would have
a material adverse effect upon Company’s ability to perform its obligations hereunder with respect to such Prepaid Product
or its expected risks or benefits under this Agreement with respect to such Prepaid Product, Company may terminate its use of
the Processing Services solely with respect to the affected Prepaid Product without regard to Section 12.6, provided that (a)
Company agrees to continue meeting any applicable monthly minimums described in Exhibit D for any remaining Prepaid Products that
utilize the Processing Services, and (b) Company and Issuing Bank cease to offer the affected Prepaid Product in light of the
events described in Section 12.2(e) that gives rise to Company’s rights under this Section 12.7.

 

		13.	Miscellaneous.

 

13.1.
Subcontractors and Agents. Nothing herein shall be deemed to prevent or restrict InComm from subcontracting any of its
duties or obligations hereunder, provided that InComm shall remain at all times liable for the performance of such duties or obligations
as if InComm had performed such duties or obligations itself.

 

13.2.
Assignment. Except as set forth in this Agreement, Company may not sell, transfer, convey or assign, by operation of law,
change of control, or otherwise, this Agreement or its rights, interests or obligations hereunder, in whole or in part, except
to an Affiliate, and no attempted sale, transfer, conveyance or assignment shall be effective, without the prior written consent
of InComm. Any purported assignment in violation of this Section 13.2 shall be void and of no effect. Notwithstanding the foregoing,
in the event InComm is acquired by, merged into, or sells substantially all of its assets to, any entity, this Agreement shall
continue in full force and effect, and such successor entity shall assume the rights and obligations hereunder.

 

13.3.
Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of Florida, without
regard to that state's conflict of laws principles. Each Party agrees that service of process in any action or proceeding hereunder
may be made upon such Party by certified mail, return receipt requested, to the address for notice set forth herein, as the same
may be modified in accordance with the terms hereof.

 

13.4.
Force Majeure. No Party shall be liable for any failure or delay on its part to perform, and shall be excused from performing
any of its non–monetary obligations hereunder if such failure, delay or non–performance results in whole or in part
from any cause beyond the absolute control of the party, including without limitation, any act of God, act of war, riot, actions
of terrorists, earthquake, fire, explosion, natural disaster, flooding, embargo, sabotage, government law, ordinance, rule, regulation,
government order or government actions. A Party desiring to rely upon any of the foregoing as an excuse for failure, default or
delay in performance shall, when the cause arises, give to the other Party prompt notice in writing of the facts which constitute
such cause; and, when the cause ceases to exist, give prompt notice thereof to the other Party. This Section 13.4 shall in no
way limit the right of any Party to this Agreement to make any claim against third parties for any damages suffered due to said
cause. If any performance under this Agreement is postponed or extended for longer than sixty (60) calendar days by any Party,
the other Party may, by written notice, terminate this Agreement immediately.

 

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13.5.
Insurance. Each Party shall obtain and maintain at all times during the Term, at its sole cost and expense, insurance coverage
of the type and in the amounts appropriate to such Party’s obligations under this Agreement.

 

13.6.
No Third Party Beneficiaries. Neither Issuing Bank nor any other third party is a third party beneficiary to this Agreement.

 

13.7.
Independent Contractors. Each Party agrees that they are independent contractors to each other in performing their respective
obligations hereunder. Nothing in this Agreement or in the working relationship being established and developed hereunder shall
be deemed or is intended to be deemed, nor shall it cause, the Parties to be treated as partners, joint ventures, or otherwise
as joint associates for profit.

 

13.8.
Notices. All notices to be given hereunder shall be effective only when made in writing and actually delivered (by mail,
overnight courier, special courier or email) to such Party at its address set forth in Exhibit A. Any Party may change
its address for receipt of notice by written direction to the other Parties.

 

13.9.
Further Assurances. Each Party agrees that it will do and that it will require its employees, agents and representatives
(including third party contractors) to do all things and execute all documents as the other Party may reasonably require to effect
the general purposes or any specific provision of this Agreement.

 

13.10.
Entire Agreement. This Agreement (which includes any exhibits and attachments hereto) set forth the entire agreement and
understanding between the Parties as to the subject matter hereof and supersedes all prior discussions, agreements and understandings
of any kind, and every nature between them. This Agreement shall not be changed, modified or amended except in writing and signed
by each Party; provided, however, that the Parties agree to immediately execute such amendments to this Agreement as are deemed
necessary by InComm and its counsel to ensure compliance with Applicable Law.

 

13.11.
Survival. All provisions of this Agreement which by their nature extend beyond the expiration or termination of this Agreement
including, without limitation, Sections 2.5 (IP Rights and Improvements); 4.2 (Books and Records); 4.3 (Audits), 5 (Risk of Loss);
6 (Fees and Payments); 9 (Confidential Information); 10 (Indemnification); 11 (Limitation of Liability; Disclaimer of Warranties);
12.4 (Rights and Obligations upon Termination); 12.5 (Deconversion); 12.6 (Payment Upon Termination); and 13 (Miscellaneous),
shall survive the termination or expiration of this Agreement.

 

13.12.
Successors and Third Parties. Except as limited by Section 13.2, this Agreement and the rights and obligations hereunder
shall bind, and inure to the benefit of the Parties and their successors and permitted assigns. Nothing in this Agreement, expressed
or implied, is intended to confer upon any person, other than the Parties and their successors and permitted assigns, any of the
rights hereunder.

 

13.13.
Construction. Captions contained in this Agreement are for convenience only and do not constitute a limitation of the terms
hereof. The singular includes the plural, and the plural includes the singular. All references to “herein,” “hereunder,”
“hereinabove,” or like words shall refer to this Agreement as a whole and not to any particular section, subsection,
or clause contained in this Agreement. The terms “include” and “including” are not limiting. Reference
to any agreement or other contract includes any permitted modifications, supplements, amendments, and replacements.

 

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13.14.
Severability; Waiver. If any provision of this Agreement (or any portion thereof) is determined to be invalid or unenforceable,
the remaining provisions of this Agreement shall not be affected thereby and shall be binding upon the Parties and shall be enforceable,
as though said invalid or unenforceable provision (or portion thereof) were not contained in this Agreement. The failure by any
Party to insist upon strict performance of any of the provisions contained in this Agreement shall in no way constitute a waiver
of its rights as set forth in this Agreement, at law or in equity, or a waiver of any other provisions or subsequent default by
any other Party in the performance of or compliance with any of the terms and conditions set forth in this Agreement.

 

13.15.
Headings. The headings, captions, headers, footers and version numbers contained in this Agreement are inserted for convenience
only and shall not affect the meaning or interpretation of this Agreement.

 

13.16.
Drafting. Each Party: (i) acknowledges and agrees that they fully participated in the drafting of this Agreement and, in
the event that any dispute arises with respect to the interpretation or construction of this Agreement, no presumption shall arise
that any one Party drafted this Agreement; and (ii) represents and warrants to the other Parties that they have thoroughly reviewed
this Agreement, understand and agree to undertake all of their obligations hereunder, and have obtained qualified independent
legal advice with respect to the foregoing.

 

13.17.
Expenses. Except as otherwise expressly provided in this Agreement, each Party shall be responsible for all costs and expenses
it may incur in the performance of its obligations hereunder.

 

13.18.
Counterparts. This Agreement may be executed and then delivered via facsimile transmission, via the sending of PDF or other
copies thereof via email and in one or more counterparts, each of which shall be an original but all of which taken together shall
constitute one and the same Agreement.

 

[SIGNATURES
ON FOLLOWING PAGE]

 

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IN
WITNESS WHEREOF, the undersigned have executed this Agreement as of the Effective Date.

 

	CUENTAS,
                                         INC.

	 
	 	 
	By:	/s/
    Arik Maimon                                   7-24-19	
	Name: 	Arik Maimon	 
	Title:	CEO	 

 

	INTERACTIVE COMMUNICATIONS INTERNATIONAL,
    INC.   
	 	 	 
	By:	/s/
    Daniel Kahrs	 
	Name:	Dan Kahrs	 
	Title:	COO	 

 

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EXHIBIT
A

Addresses
for Notice Purposes

 

Company:

 

Cuentas,
Inc.

19
W. Flagler St., Suite 902

Miami,
FL 33130

Attn:
Michael De Prado

 

With
a copy to:

 

Ellenoff
Grossman & Schole, LLP

150
E 42nd Street, Floor 11

New
York, NY 10017

Attn:
David Selengut, Esq.

 

InComm:

 

Interactive
Communications International, Inc.

250
Williams Street

5th
Floor, Suite 5-2002

Atlanta,
Georgia 30303

Attn:
Scott Meyerhoff, Chief Financial Officer

 

With
a copy to:

 

Interactive
Communications International, Inc. – Legal Department

250
Williams Street

5th
Floor, Suite 5-2002

Atlanta,
Georgia 30303

Attn:
Nicole Ibbotson, SVP, Legal

 

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EXHIBIT
B

Processing
Services

 

InComm
will implement, and Company will use, the Processing Services in accordance with the Specifications, and as further described
below:

 

Description
of Processing Services

 

The
Processing Services will consist of the following:

 

Authorization
and Transaction Processing Services

 

InComm
will process authorizations for transactions made with or on a Prepaid Product, and any payments or adjustments made to a Prepaid
Product.

 

InComm
will process Company’s Data and post entries in accordance with the Specifications. Company authorizes InComm to create,
process and post entries on Company’s behalf, including adjustments and corrections, in order to timely process data received
from any Payment Network. InComm will promptly report to Company such adjustments or corrections.

 

Data
Storage Services

 

InComm
will store Company’s Data in a format that is accessible online by Company through APIs designated by InComm, subject to
additional API and data sharing terms and conditions. Data will be stored in a cold environment for five (5) years or such longer
period as required by Applicable Law, and upon request InComm will provide Company with such Data through a manual query at InComm’s
then-current professional services rate set forth above, provided that InComm will not charge for any manual query for the first
100 hours of professional services in any twelve (12) month rolling period, if the manual query is in direct response to a government
audit.

 

Account
Servicing 

 

InComm
will provide the following account servicing services in connection with the Processing Services:

 

		●	Assisting
                                         all parties involved in the sale, issuance, loading and acceptance of Prepaid Products;

 

		●	Providing
                                         chargeback monitoring and processing as requested by Company within Association and regulatory
                                         guidelines;

 

		●	Maintaining
                                         and updating Prepaid Product account information;

 

		●	Providing
                                         customer service with personnel capable of serving English speaking Prepaid Product users
                                         via phone, email or in writing with issues or problems related to Prepaid Products;

 

		●	Providing
                                         Web/API services for Prepaid Product user applications and viewing Prepaid Product transactions;

 

		●	Providing
                                         Prepaid Product users with a, 24-hours per day, 7 days per week mechanism for obtaining
                                         and /or hearing Prepaid Product information in English over the telephone, including
                                         through an interactive voice response (IVR) unit;

 

    21

     

    

 

		●	Managing
                                         returned mail including Prepaid Products or periodic statements due to undeliverable
                                         addresses or other reasons;

 

		●	Providing
                                         reasonable assistance, on an on-going basis, to Issuing Bank in resolving customer or
                                         vendor issues relating to Prepaid Products or the use, issuance, sale or reloading thereof;

 

		●	Providing
                                         and monitoring data communications between InComm and Company or vendors for reporting
                                         purposes and for consolidated transaction processing;

 

		●	Providing
                                         a mechanism for customer dispute resolution;

 

		●	Providing
                                         an interface to Company’s vendors for third-party servicing including card embossing,
                                         letter generation and statement generation;

 

		●	Providing
                                         training as reasonably necessary to enable Company personnel to successfully use the
                                         Processing Services;

 

Reporting

 

InComm
will provide to Company reporting and documentation of all Prepaid Product sales, settlement and portfolio transactions. In addition,
InComm will:

 

		●	Maintain,
                                         update and archive Prepaid Product account and transaction information, from which Issuing
                                         Bank may generate reports;

 

Output

 

If
the Processing Services include the preparation and delivery of any documents, reports, statements or other output (collectively,
“Output”), InComm will prepare and deliver such Output as described in the Specifications or a statement
of work.

 

Company
is responsible for reviewing all Output to verify accuracy. If Company identifies any error in Output, it must notify InComm in
writing of such error (a) for daily settlement Output, within five (5) business days from receiving the Output; and (b) for all
other Output, within thirty (30) days from receiving the Output. Upon such written notice, InComm will make commercially reasonable
efforts to (i) for errors directly caused by InComm, correct the error described in Company’s notice at InComm’s expense,
and (ii) for all other errors, correct the error described in Company’s notice to the extent reasonably practicable and
at Company’s expense.

 

Company
acknowledges and agrees that InComm’s obligation to correct errors as described above is Company’s sole and exclusive
remedy in the event of such errors.

 

Hot
Carding

 

Upon
notice from Company regarding a lost or stolen Prepaid Product (“Hot Card”), InComm will deactivate
the Prepaid Product in accordance with InComm’s Hot Card procedures. InComm will not be liable (including for any indemnity
obligation under the Agreement) to Company, Issuing Bank, a Prepaid Product customer, or any other third-party, for:

 

		●	Any
                                         charges made to a Hot Card except for charges made between (a) when InComm should have
                                         deactivated the Hot Card in accordance with its Hot Card procedures and (b) when InComm
                                         actually deactivated the Hot Card;

 

		●	InComm’s
                                         failure to deactivate a Hot Card if due to the failure of Company, Issuing Bank, a Prepaid
                                         Product customer, or other third-party to provide the information required for InComm
                                         to deactivate the Hot Card (as set forth in InComm’s Hot Card procedures); or

 

		●	Deactivating
                                         a Hot Card based on false, inaccurate or incomplete information received by InComm.

 

Except
as expressly set forth above, as between the Parties, Company is solely responsible and liable for the deactivation of Hot Cards,
including for any associated fees, customer communications, servicing, refunds and warning bulletin services.

 

    22

     

    

 

EXHIBIT
C

Service
Levels

 

InComm
shall use commercially reasonable efforts to provide the Processing Services in accordance with the service levels set forth below.
If any applicable services are not provided in accordance with the service levels, InComm shall promptly investigate the causes
of the problem and initiate remedial action to correct the problem. InComm may schedule planned outages of the Processing Services
from time to time in its reasonable discretion. Additionally, Company acknowledges InComm may initiate outages of the Processing
Services in emergency situations.

 

In
no event shall InComm be deemed to have failed to meet a service level in the event any such failure is due, in whole or in part,
to: (i) Company’s delay in performing, or failure to perform, any of its obligations under this Agreement; (ii) a Force
Majeure event; (iii) failure, interruption, outage or other problem with any software, hardware, system, network, facility or
other matter not supplied by InComm pursuant to this Agreement; (iv) scheduled maintenance, provided such scheduled maintenance
is performed between 12:00am EST and 6:00am EST and any downtime or outage resulting from such scheduled maintenance does not
exceed a total of forty (40) hours during the applicable calendar year; (v) emergency maintenance, provided that Company is provided
with twenty-four (24) hours prior written notice; or (vi) disabling, suspension or termination of the services pursuant to this
Agreement. “Excused Downtime” as used in this Exhibit C shall mean (1) those scheduled and emergency
maintenance times described in the foregoing subsections (iv) and (v); and (2) the time period for maintenance requested by Company
to be performed outside of scheduled maintenance (as described in subsection (iv)) to implement a Company request for a change
to the Processing Services pursuant to Section 2.10 of the Agreement.

 

InComm’s
failure to achieve a system availability service level as set forth below during a given month shall be deemed a “Failed
SLA.” For any given month in which InComm suffers any Failed SLA, such month shall be considered to be a “Failed
Month.” In the event of three (3) consecutive Failed Months or five (5) Failed Months during any twelve (12) month
period, Company may, at its option, either terminate the specific subject service(s) or terminate this Agreement in its entirety
by giving written notice of termination to InComm in accordance with this Agreement, in which case the date of termination shall
be as set forth in such notice. In connection with Failed SLAs, Company acknowledges and agrees that the foregoing termination
right shall be Company’s exclusive remedies for such Failed SLAs.

 

    23

     

    

 

	

        Name
	Metric	Minimum
    Service Level	Measurement
    Window
	System
    Availability
	Authorizations
    Availability	The
    number of Authorization Requests for which InComm provides an Authorization Response during the measurement window, plus
    the number of Authorization Requests for which InComm does not provide an Authorization Response because of Excused Downtime,
    divided by the number of Authorization Requests during the measurement Window expressed as a percentage	≥
    99.90%	Monthly
	Secure
                                         Cardholder Website Availability

        (if
        Secure Cardholder Website processing services are provided)
	The
    number of minutes that the secure cardholder website is Available during the Measurement Window plus the number of
    minutes that the secure cardholder website is not available because of Excused Downtime divided by the number of minutes
    during the Measurement Window, expressed as a percentage.	≥
    99.80%	Monthly
	Interactive
                                         Voice Response (IVR) Availability

        (if
        IVR processing services are provided)
	The
number of minutes that the IVR is Available during the Measurement Window plus the number of minutes that the IVR is not
Available because of Excused Downtime divided by the number of minutes during the Measurement Window, expressed as a
percentage.	≥
    99.80%	Monthly
	Customer
                                         Care Call Center Availability

        (if
        Customer Care Call Center services are provided)
	The
number of minutes that the Customer Care Call Center, which is staffed 24x7, is Available during the Measurement Window plus
the number of minutes that the Customer Care Call Center is not Available because of Excused Downtime divided by the
number of minutes during the Measurement Window, expressed as a percentage.
	≥
    99.90%	Monthly

	Reload
    Processing Availability	The
number of minutes that Reload Processing is Available during the Measurement Window plus the number of minutes that Reload
Processing is not Available because of Excused Downtime divided by the number of minutes during the Measurement Window,
expressed as a percentage.	≥
    98.00%	Monthly

 

 

    24

     

    

 

	Reporting
    Services Availability	The
    number of minutes that system-wide Online File Reports are Available during the Measurement Window plus the number
    of minutes that Online File Reports are not Available because of Excused Downtime divided by the number of minutes
    during the Measurement Window, expressed as a percentage.	≥
    99.80%	Monthly
	Authorizations
	Authorization
    Responsiveness	The
    number of Authorization Requests InComm receives and provides an Authorization Response to within eight (8) seconds of receipt
    during the Measurement Window plus the number of Authorization Requests for which InComm does not provide an Authorization
    Response within such timeframe because of Excused Downtime, divided by the number of Authorization Requests InComm
    receives during the Measurement Window, expressed as a percentage.	≥
    99.90%	Monthly
	API/Web
    Services
	API/Web
    Services Responsiveness	The
                                         number of API/Web Services calls InComm receives and provides a Response to within eight
                                         (8) seconds or less of receipt during the Measurement Window plus the number of
                                         API/Web Services Calls for which InComm does not provide an response to within such timeframe
                                         because of Excused Downtime, divided by the number of API/Web Service Calls InComm
                                         receives during the Measurement Window, expressed as a percentage.

         

        The
        calculation is based from the time the API/Web Service request reaches InComm to the time when InComm sends the response.

         

        API/Web
        Services calls for statement viewing is excluded from this calculation as statement request times will vary due to the
        unknown quantity of data that will need to be transmitted.
	≥
    99.00%	Monthly
	

 

    25

     

    

 

	 	Call
    Center	 
	Live
    Agent Call Answer Time	The
    number of calls that the Customer Care Call Center answers in less than 120 seconds during the Measurement Window plus
    the number of calls that the Customer Care Call Center does not answer because of Excused Downtime divided by the
    number of calls during the Measurement Window, expressed as a percentage.	≥
    85.0%	Monthly
	Reporting
	Daily
    Reports/Files	The
                                         number of days that critical daily reports/files are not available by 10:00 a.m. on the
                                         next Business Day during the Measurement Window less the number of days that the
                                         critical daily reports/files are not available because of Excused Downtime.

         

        Critical
        Daily Reports/files will be defined as:

        Report
        1

        Report
        2

        Report
        3
	≥
    3 days missed	Monthly

 

    26

     

    

 

EXHIBIT
D

Fee
Schedule

 

*
“One-Time” fees are due and payable by Company as follows: (1) 50% due upon initiation of a Billable Item; and (2)
the remaining 50% due upon completion of such Billable Item in accordance with applicable documentation and specifications. “Completion
of such Billable Item” means the Billable Item is available for production use regardless of whether or not the Billable
Item is actually used.

 

 

	Implementation,
                                         Setup & Configuration

         

	Billable
    Item	Fee	Item
    Description	Frequency
	Initial
    Program Setup & Implementation Fees	$REDACTED	Initial
                                         setup of prepaid program on InComm’s platforms.  Includes one (1) program,
                                         one (1) product, one (1) BIN.  Also includes establishment of the following:

        ●IVR
        Setup & Configuration

        ●Fraud
        Management Services

        ●Exceptions
Processing Sanctions List Screening
	$REDACTED
    paid at the earlier of the Launch Date or three (3) months after contract execution, then $REDACTED
    each at the beginning of Years 2, 3, 4, 5
	Additional
    Prepaid Product Setup	$REDACTED
     per new product type	The
    configuration and deployment of an InComm standard prepaid product and service options as requested by Company	One-Time
	Additional
    Prepaid Program	$REDACTED
      per new program	The
    configuration and deployment of a new prepaid program of an existing product type and service options as requested by Company	One-Time
	Additional
    BIN Setup	$REDACTED
      per BIN	Each
    setup and installation of a BIN on the InComm processing system.	One-Time
	IVR
    Setup & Configuration	Included
    in Initial Program Setup & Implementation Fee	For
    establishing an IVR including customized call flows and voice prompts. 	One-Time
    
	Fraud
    Management Services	Included
    in Initial Program Setup & Implementation Fee	For
    establishing InComm managed Fraud rules and on-behalf services as requested by client	One-Time
    
	Exceptions
    Processing	Included
    in Initial Program Setup & Implementation Fee	For
    establishing InComm-managed Exception processing on-behalf services	One-Time
    
	Sanctions
    List Screening	Included
    in Initial Program Setup & Implementation Fee	For
    establishing sanctions list screening on-behalf services	One-Time
    
	Custom
    Programming	$REDACTED
      /hour	Hourly
    rate for systems design, development, QA and project management for non-standard product features	Hourly,
    as requested

 

    27

     

    

 

	Primary
                                         Prepaid Card Services & Fees

         

	Billable
    Item	Fee	Item
    Description	Frequency
	Processing
    Fee	REDACTED
     % of all funds added to cards/accounts excluding Vanilla Direct Reload Network. 	REDACTED
                                         fee of funds added for processing services

         
	Monthly
	Pass
    Through Fees	Billed
    at actual cost (pass through) + 10% markup	Pass
    Through Fees include any association/network fees, telecom fees and shipping/postage fees, and other third-party fees	Monthly
	Optional
                                         Card Design, Packaging and Fulfillment Services

         

	Billable
    Item	Fee	Item
    Description	Frequency
	Card
    Design, Personalization and Fulfillment 	Quote	Card
    personalization and fulfillment services as requested by Company	As
    needed
	Transmission
    of Account Information to a Third-party	$REDACTED
     per account record	Each
                                         data file transmission sent to a card fulfillment company for personalization or fulfillment
                                         services.

        Fee
        waived if card personalization is performed by InComm
	As
    requested
	Integration
    with new card vendor	$REDACTED	Per
    new integration with a Company specified card or personalization vendor.  Vendor must be certified by card network,
    issuer and InComm.	One
    Time

 

    28

     

    

 

	Optional
                                         Program Management Services

         

	Billable
    Item	Fee	Item
    Description	Frequency
	IVR	$REDACTED
    per call	The
    cost per call for the Interactive Voice Response (IVR) unit	Monthly
	Customer
    Service Live Agent	$REDACTED
    per minute	The
    duration of time in minutes and rounded up to the nearest 6 second increment that a cardholder is interacting with a live
    agent.  	Monthly
	Transfer
    Connect Fee	$REDACTED
    per call transferred	Transfer
    Connect Fee applies each time a cardholder is transferred from InComm hosted IVR and/or InComm Live Agent to Company or third-party
    managed call center representative	Monthly
	Servicing
    Email Messaging	$REDACTED
    per email sent	Fee
    for each email sent.	Monthly
	Account
    Alerts SMS Text Messaging	$REDACTED
    per item	Fee
    for each SMS text sent to a mobile device. 	Monthly
	Chargebacks
    and Representments	$REDACTED
    per item	Each
    individual chargeback or cardholder dispute including representments, handled on Company’s behalf by InComm.  Service
    will be provided based on instructions from Company and do not include any Visa, Mastercard, American Express, Discover or
    other third-party fees which will be passed-through and billed at cost. 	Monthly
	Optional
                                         Web and Application Services

         

	Billable
    Item	Fee	Item
    Description	Frequency
	Cardholder
    Website Hosting Fee	$REDACTED
    per month	Fee
    assessed when using InComm-Hosted cardholder website for card sales and/or cardholder self-service.  Monthly fee
    is charged each month the website is in production. 	Monthly
	Partner
    Service Portal	$REDACTED
    for 10 user licenses	The
    licensing fee per user of the InComm Partner Service Portal application.  The application provides remote access
    and functionality for define cardholder support functions through the Internet.	Annually
	API
    Services	$REDACTED
    per transaction	The
    fee for each OLTP transaction and/or application to application interaction with the InComm system by the Company or authorized
    requestor.  Company is responsible for any hardware, software, data line connectivity or other services required
    to support these services 	Monthly
	Batch
    File Processing	$REDACTED
    per record	The
    fee for each record processed or generated including headers and footers as part of the batch file.  Maximum of
    12 files per day, $5.00 file minimum	Monthly
	Risk
                                         Management and Fraud Services

         

	Billable
    Item	Fee	Item
    Description	Frequency
	Transactional
    Fraud Servicing Fee	$REDACTED
    per account	Charged
    per financial and non-financial transaction reviewed by fraud engine.	Monthly
	Secured
    Web ATO Monitoring	$REDACTED
    per login attempt	Collection
    of device data on login attempts to prevent fraudulent access to cardholder accounts.	Monthly
	Action
    Account – Fraud Services Intervention	$REDACTED
    per actioned account	The
    review and assessment by InComm fraud analyst of individual transaction/account activity.  Transactions are sorted
    for analysis based on parameters established by program protocol for each fraud tool chosen to be used.  The fee
    is assessed for each transaction and not for each parameter reviewed	Monthly
	Inbound/Outbound
    Fraud Live Analyst Support/Verification	$REDACTED
    per minute	The
    duration of time in minutes and rounded up to the nearest 6 second increment that a cardholder is interacting with a live
    fraud analyst as directed by program protocol.	Monthly

 

    29

     

    

 

	Auto-Statused
    &Auto-email Accounts	$REDACTED
    per account statused and emailed	Automatic
    status change of an account based on Company-defined criteria in InComm Fraud tools.  Includes email notification
    to cardholder	Monthly
	Fraud
    Services Investigation	$REDACTED
    per hour	Gathering
    data, analyzing trends, researching information or any other action undertaken by InComm Fraud personnel as requested by the
    Company to support Fraud Services and law enforcement actions	Monthly
	Risk
    Consultative Services	$REDACTED
    per hour	Providing
    consultative services as requested by the Company related to unique program requirements or requests, including but not limited
    to recurring calls and/or meetings to discuss ongoing risk concerns.	Monthly
	Transaction
    Blocking	$REDACTED
    per transaction	Fee
    per transaction for requesting a transaction be blocked due to suspected fraud	Monthly
	Program
    Specific Fraud Rules 	$REDACTED
    per request	Fee
    for implementing changes to fraud rules as requested by the Company in less than 24 hours.	Per
    request
	Sanction
    List Screening	 	Performing
    initial and on-going sanction list screening	 
	Name
    Screening	$REDACTED
    per name, includes OFAC	Name
    screening only	Monthly
	Name
    Screening - Premium List & PEP	$REDACTED
    per name	Name
    screening against premium list and politically exposed person (PEP)	Monthly
	Name
    - Match Case	$REDACTED
    per case created	 	Monthly
	Warning
    Bulletin Notification	$REDACTED
    per account	Each
    placement of a card account on the appropriate card network Warning Bulletin.  Service excludes network fees which
    will be passed-through and billed at cost	Monthly
	Monthly
    Minimum Fees **
	Billable
    Item	Fee	Frequency
	Months
    1 – 3	$REDACTED	Monthly
	Months
    4 – 12	$REDACTED	Monthly
	Months
    13- 24	$REDACTED	Monthly
	Months
    25 - onward	$REDACTED	Monthly

 

**Monthly
Minimums start upon Month 4 after Launch Date. Monthly Minimums include all fees and services listed in Schedule D.

 

 

29Exhibit 10.20

 

WESTERN UNION NORTH AMERICA
AGENCY AGREEMENT (ABMT Services)

 

This Agency Agreement (this “Agreement”)
is entered into by Western Union Financial Services, Inc., a Colorado corporation (“Western Union” or “WUNA”)
and the undersigned Agent.

 

Agent and WUNA agree as follows:

 

1 Definitions. Capitalized
terms used herein shall have the meanings given to such terms as set forth in this Section 1 or as defined elsewhere in this Agreement
or any Attachment hereto.

 

1.1 “Account” means
a valid checking or savings account held with Agent.

 

1.2 “Account Holder”
means an individual who holds an Account in their own name and is at least eighteen (18) years of age.

 

1.3 “Agent Website(s)”
means one or more Agent-operated, secure Internet websites with appropriate internet banking functionality approved in advance
by WUNA in writing, from which Account Holders may conduct Money Transfer Services.

 

1.4 Intentionally Left Blank.

 

1.5 “Channel” means
Agent Website(s).

 

1.6 “Consumer” means
any individual that is authorized to use the Money Transfer Services through any Channel.

 

1.7 “Designated Account”
means an Account designated by an Account Holder for use with On-line Money Transfer transactions.

 

1.8 “Money Transfer”
means a money transfer transmitted through the WUNA system.

 

1.9 “Money Transfer Services”
means the receipt of funds by Agent for transmission and disbursement for a fee, as further described in Part A.

 

1.10 “Online Account Based
Money Transfer Service” or “On-line Money Transfer” means a Money Transfer transaction initiated and/or paid
through an Agent Website.

 

1.11 “On-line Receiver”
means an Account Holder who (i) is authorized to use an Agent Website to receive Money Transfer transactions, and (ii) elects to
receive funds as a result of a Money Transfer transaction into his or her Designated Account.

 

1.12 “On-line Sender”
means an Account Holder who (i) is authorized to conduct On-line Money Transfer, and (ii) initiates an On-line Money Transfer using
funds from their Designated Account.

 

1.13 “Qualifying
Transaction” means a Money Transfer transaction where a Consumer has accessed the Money Transfer Services through an
Agent Website and completed such transaction via the Agent Website. A Qualifying Transaction does not include partial or full
chargebacks, cancellations, refunds, or otherwise incomplete transactions.

 

1.14 “Service Requirements”
means the documents detailing the methods by which Agent will provide Money Transfer Services (through any Channel), including
the Agency Reference Guide, Bank Secrecy Act Compliance Manual, the GBS Business Requirements, the GBS Developer Guide, the GBS
Agent Integration Guide, the GBS User Test Cases operations manuals, user guides, customer forms, receipts, record retention schedules,
rate schedules and applicable tariffs, policies, rules and regulations, all as may be amended from time to time by WUNA.

 

1.15 “Services” means
the Money Transfer Services.

 

1.16 “Trust Account”
means a bank account maintained by Agent for the purpose of depositing MT Trust Funds (as defined in Part A),. The Trust Account
shall be maintained at a federally insured financial institution designated by Agent and shall meet the requirements specified
by WUNA from time to time. Agent shall provide to WUNA all Trust Account activity and balance records and information as may be
requested by WUNA from time to time. Agent shall provide WUNA with 14 days’ advance written notice prior to changing the
Trust Account in any manner.

 

2 Services. WUNA appoints
Agent as its delegate, authorized to offer the Services indicated on the signature page hereof in accordance with the terms and
conditions of this Agreement and Agent shall comply with the terms, conditions and procedures set forth in the applicable Description
of Service (attached as Part A) and with the Service Requirements. Current copies of the Service Requirements have been provided
to Agent by WUNA and are available upon request from WUNA.

 

    Main, Page 1 of 12

     

    

 

3 Money Transfer Service Channel.
 Agent shall provide the following Services through the following Channel:

 

Agent Website(s). (a) Agent
shall offer the Money Transfer Service through the Agent Website(s) using web pages, scripts and instructions specified by WUNA
or in conformance with WUNA requirements. Each Agent Website shall be identified on Attachment IB. Except as necessary for regularly
scheduled maintenance, or as otherwise required or approved by WUNA, Agent shall offer the Services through the Agent Website(s)
on a twenty-four hours per day basis for each day during the Term.

  

(b) Change of Agent
Website(s). Agent shall not close an Agent Website through which the Money Transfer Service is offered without giving
WUNA 90 days prior notice. Agent shall not offer the Money Transfer Services through an Agent Website that is not listed on
Attachment IB without giving WUNA 90 days prior notice and without WUNA’s prior approval.

 

4 Advertising; Trademarks.

 

4.1 Advertising. Agent agrees to
advertise and promote the Services so as to develop consumer interest and confidence in the Services and to enhance the goodwill
associated therewith and with WUNA’s Trademarks. Agent shall (a) participate in WUNA’s promotional programs, (b) make
prominent use of signs, brochures, displays, decals and other promotional materials provided by WUNA, and (c) comply with WUNA’s
merchandising standards, as set forth in Part A, and/or the Service Requirements, as applicable.

 

4.2 Approval. Agent may
promote any of the Services in its own advertising or promotional materials in any form of media, including radio,
television, print or the Internet, subject to the prior written approval of WUNA. Requests for such approval shall be
forwarded to: WUNA, Attention: Trademark Administrator, 7001 E. Belleview Avenue, Denver, Colorado 80237. WUNA may
periodically inspect Agent’s advertising and promotional materials relating to the Services for compliance with this
Agreement. If WUNA reasonably considers Agent’s promotion of the Services to be improper, misleading or otherwise
contrary to Agent’s obligations under this Agreement, Agent shall promptly modify or replace the same, subject to
WUNA’s prior written approval, or discontinue such promotion.

 

4.3 Trademarks. Agent is
granted a nonexclusive, royalty-free right to use the trade names, trademarks, trade dress, symbols, logos and copyrighted
material (collectively “Trademarks”) of WUNA specified by WUNA from time to time, and WUNA is granted the
nonexclusive, royalty-free right to use Agent’s Trademarks, each for the limited purpose of advertising and promoting
the Services, and subject in each case to the prior written approval of the party whose Trademarks are being used. Each party
agrees that use of any other party’s Trademarks shall not confer any proprietary right thereto. Each party shall cease
all use of the other party’s Trademarks immediately upon termination or suspension of this Agreement.

 

4.4 Press Releases. No party may
issue any press release or other public notice relating to the subject matter of this Agreement without the prior written approval
of the other party.

 

5. Confidentiality.

 

5.1 Agent acknowledges that all records
and information regarding consumers that Agent may collect specifically relating to the Services (including but not limited to,
information provided by consumers on input forms, Agent Website(s) or otherwise to initiate or receive a Services transaction)
(“Consumer Information”) is the exclusive property of WUNA. For avoidance of doubt, any information collected by the
Agent in its ordinary course of business and independent of the Services shall not be exclusive property of WUNA. Agent agrees
that it shall only use the Consumer Information in its performance of the Services, and that Agent shall not use, sell, rent, exchange
or otherwise disclose the Consumer Information to any party other than WUNA for any purpose whatsoever without the prior written
consent of WUNA, except as may be required by Applicable Law. All Consumer Information shall be provided to WUNA upon its request.
If WUNA shall consent to any collection, use or transfer of Consumer Information, then Agent warrants to WUNA that such collection,
use and transfer shall be accomplished in full compliance with all applicable laws and regulations governing data protection and
consumer privacy, and with the Service Requirements. In the event that Agent receives a request or demand to disclose any Consumer
Information outside of the ordinary course of reporting Agent shall immediately notify WUNA and, if requested by WUNA, will fully
cooperate with any effort to obtain a protective order or any other protective measures. Agent acknowledges that the Service Requirements
set forth retention and destruction schedules and requirements for certain forms and/or documents (including electronic forms and
documents) that contain Consumer Information and other confidential information. Agent shall comply with such obligations and shall
promptly inform WUNA in the event of any non-compliance with such requirements.

 

5.2 Agent agrees that neither Agent
nor its officers, principals, employees, contractors or agents shall use, sell, rent, exchange or otherwise disclose to any
person or entity, other than WUNA, and other than for purposes of Agent’s performance under this Agreement, or as may
be required by Applicable Law: (a) the Service Requirements; (b) security identifications, account numbers, agent numbers,
and WUNA’s other security measures and/or procedures; (c) sales or transaction volumes, revenues, earnings, commission
rates, terms, conditions or payments hereunder; (d) Consumer Information; or (e) any other confidential information with
respect to WUNA, the Services, this Agreement, or the relationship between the parties.

 

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5.3 Agent shall cooperate with
WUNA in implementing all procedures mandated by law in order to protect consumer privacy and/or consumer data, and any such reasonable
policies and/or procedures implemented by WUNA.

 

5.4 WUNA agrees that it shall not
sell, rent, exchange or otherwise disclose any financial information of Agent to any party other than as may be required by law
or as may be voluntarily reported to a governmental or regulatory agency by WUNA, pursuant to its internal compliance policies
or in connection with money transmission, sales of checks or anti-money laundering laws or regulations.

 

5.5 Agent shall install and use
a reasonable change control process to ensure that access to Western Union’s confidential information and Consumer Information
is controlled and recorded. Agent shall notify WUNA of any planned system configuration changes or other changes affecting the
how such change will impact the security and protection of WUNA’s confidential information or Consumer Information.

 

5.6 Agent agrees that upon the
request of WUNA all Confidential Information (electronic and paper) in Agent’s possession shall be promptly returned (including
any copies, extracts, descriptions and summaries thereof) to WUNA or Agent shall certify in writing to WUNA that all Confidential
Information has been destroyed.

 

6 Compliance with Laws.

 

6.1 Compliance with
Laws. Agent shall comply (and shall cause its officers, principals and employees to comply) with all federal, state and
local laws and regulations applicable to Agent’s business and to Agent’s provision of the Services, as may be
amended from time to time (collectively “Applicable Law”), including but not limited to: (a) state and federal
licensing laws and regulations; (b) the Bank Secrecy Act (31 U.S.C. § 5311 et. seq., and its implementing regulations,
31 C.F.R. Part 103); (c) the IRS’s cash reporting requirements (26 U.S.C. § 6050I) and related regulations; (d)
state currency reporting requirements; (e) federal and state anti- money laundering laws, including all rules and regulations
promulgated thereunder (e.g., 18 U.S.C. §§ 1956 and 1957); (f) all applicable state money transfer or sale of
checks laws and regulations (including those laws and regulations referred to or set out in Schedule A, if any); (g) all
applicable federal and state privacy laws and regulations; (h) the USA PATRIOT Act; (i) the National Automated Clearing House
rules, regulations and guidelines, including but not limited to the International ACH Transaction Rule; (j) the Electronic
Funds Transfer Act and Regulation E; (k) the Electronic Signatures in Global and National Commerce Act; (k) the Dodd-Frank
Wall Street Reform and Consumer Protection Act (Section 1073 and related regulations); (l) the Consumer Financial Protection
Bureau Remittance Rules (77 FR §§ 6194, 40459 and 50243) and related regulations; and (m) all applicable federal
and state laws regulating access for the disabled, including but not limited to the Americans with Disabilities Act.

 

6.2 Nondiscrimination/Affirmative
Action. Agent hereby agrees that Agent will not discriminate against any employee or applicant for employment because of
race, color, religion, sex, national origin, age disability, or veteran status. As a government contractor we are
incorporating the following regulations into this Agreement, as applicable: 41 C.F.R. §§ 60-1.4, 60-300.5, 60-741.5
and 48 C.F.R. §§ 52.222-26, 52.222-35–52.222-37, 52.222-40, 52.222-54. The following language is also
incorporated, as applicable: This contractor and subcontractor shall abide by the requirements of 41 CFR 60-300.5(a) and
41 CFR 60- 741.5(a). These regulations prohibit discrimination against qualified individuals on the basis of protected
veteran status or disability, and require affirmative action by covered prime contractors and subcontractors to employ and
advance in employment qualified protected veterans and individuals with disabilities.

 

7 Representations and Warranties.

 

7.1 Agent and its
Employees. With regard to itself, and on behalf of its officers, principals and all other Agent employees and/or
representatives with managerial oversight and/or responsibility for Agent locations offering the Services, Agent represents
and warrants that: (a) all information disclosed to WUNA in connection with the application process to become a WUNA Agent
(the “Agency Agreement Application”) is true, accurate, and complete; (b) none of them has been convicted of any
felony that has not been disclosed to WUNA, in writing, prior to the Effective Date; (c) none of them has been charged with
or convicted of (or pleaded guilty or no contest to) any criminal act constituting, involving or relating to: fraud;
embezzlement; theft; money laundering; the financing of terrorism or terrorist organizations; the importation of undocumented
aliens; receipt of stolen property; or the possession, use, manufacture or distribution of any narcotic or other controlled
substance. This representation and warranty shall be deemed an ongoing representation and warranty from Agent. Agent shall
provide notice to WUNA within forty-eight hours after becoming aware of the fact that any of the foregoing representations or
warranties shall cease to be true at any time during the term of this Agreement.

 

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7.2 On-line Money
Transfer. Agent represents and warrants, that it will ensure that (i) only Account Holders are permitted to conduct
On-line Money Transfer transactions, (ii) all Account Holders are properly authenticated and verified to be a customer of
Agent for whom Agent has on file a valid signature and identification information, (iii) it will obtain all necessary and
proper authorizations to debit and/or credit Designated Accounts of On-line Senders and On-line Receivers, and (iv)
Agent’s agreements and documents with Account Holders permit and contemplate the type(s) of services and electronic
funds transfers as contemplated by this Agreement and as agreed to by the parties.

 

7.3 Customer Identification Program.
Agent certifies, as of the Effective Date and on no less than an annual basis thereafter, that it (a) has implemented an AML/BSA
program acceptable to WUNA, and (b) will perform Account Holder identification and authentication requirements on behalf of WUNA
for On-line Money Transfer transactions.

 

7.4 Subagents. Agent represents
and warrants that it shall not appoint any subagents hereunder and shall not offer the Services at or through any entity not a
party to this Agreement or at or through any Agent Website not expressly included under this Agreement.

 

7.5 Ownership. Agent represents
and warrants that it has disclosed to WUNA all ownership or other interests that Agent, its affiliates, and their respective officers,
directors, and principals, as applicable, may have in any other WUNA delegate.

 

7.6 Authority. Agent and WUNA represent
and warrant to each other that: (a) each has full power and authority to enter into this Agreement; (b) the execution, delivery
and performance by each party of this Agreement will not constitute a default (or an event which, with notice or lapse of time
or both, would cause a default) under any contract or agreement to which Agent or any of its affiliates are a party, or require
consent or approval from any other party to any such contract; and (c) this Agreement constitutes a legal, valid and binding obligation
of each party, enforceable against each party in accordance with the terms and conditions of this Agreement.

 

7.7 No Warranty. WUNA MAKES NO
REPRESENTATIONS OR WARRANTIES WITH RESPECT TO ANY EQUIPMENT, SOFTWARE AND OTHER ITEMS PROVIDED UNDER THIS AGREEMENT, EXPRESS
OR IMPLIED, AND SPECIFICALLY DISCLAIMS THE IMPLIED WARRANTIES OF FITNESS FOR A PARTICULAR PURPOSE AND MERCHANTABILITY, AND
ANY WARRANTY AGAINST INFRINGEMENT. ANY EQUIPMENT, SOFTWARE OR OTHER ITEMS PROVIDED UNDER THIS AGREEMENT BY WUNA ARE PROVIDED
TO AGENT “AS IS” WITH ALL FAULTS.

 

8. Term and Termination.

 

8.1 Term. This Agreement shall
be effective on the Effective Date and continue in force for a period of five years (the “Initial Term”), unless
otherwise terminated as provided herein. This Agreement shall automatically renew for an additional term of five years (the
“Renewal Term”), unless either party provides the other party with at least 12, but not more than 24, months
prior written notice of termination. Upon expiration of the Initial Term and the Renewal Term, this Agreement shall continue
in effect, subject to the right of either party to terminate this Agreement at any time thereafter by giving the other party
at least 12 months prior written notice of termination.

 

8.2 Suspension and
Termination. WUNA may take, or request that Agent take (as applicable) any one or more of the Remedial Actions (as
defined below) if WUNA, reasonably determines: (i) that a material adverse change in the financial condition or business
prospects of Agent, a principal of Agent or any guarantor of this Agreement, has occurred, or may occur, in the following
twelve (12) months; (ii) that Agent’s continued performance under this Agreement is, or may become, impaired; (iii)
there is excessive fraud occurring at Agent’s locations or with respect to On-line Money Transfer transactions; or
(iii) Agent breaches any of the terms, conditions, representations or warranties set forth in this Agreement (including the
provision of false or misleading information) or any other agreement between WUNA, or an affiliate of WUNA, and Agent or a
principal of Agent.

 

8.3 Remedial Action. As used
in this Agreement a “Remedial Action” is defined as: (a) Agent’s immediate wire transfer of the MT Trust
Funds, MO Trust Funds and/or other amounts due and owing to WUNA; (b) the immediate suspension, or termination, of
Agent’s ability to provide one or more of the Services at one or more Agent Location or Agent Website; (c) immediate
termination of Part A or this Agreement; (d) exercise any legal and/or equitable remedies available to WUNA, for which WUNA
shall be entitled to reimbursement of reasonable attorneys’ fees and expenses; (e) satisfaction of any amount owed by
Agent to WUNA by offset against any funds that may be due or owing by WUNA (including its affiliates) to Agent; (f) securing,
for the benefit of WUNA, a bond, irrevocable letter of credit or other similar instrument acceptable to WUNA; (g)assessing a
late charge on the amounts due to WUNA by Agent, in the amount of the greater of: (i) $25.00 per day, or (ii) interest on the
entire amount owed to WUNA at the rate of two percentage points (2%) above the prime rate of interest published in the Wall
Street Journal (or any other financial publication designated by WUNA) in effect at that time, or the maximum interest rate
allowed under applicable law, or (h) assessing a charge of $50.00 for each failure by Agent to make payment due to
insufficient funds.

 

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8.4 Violation of Law.
Notwithstanding any other provision of this Agreement to the contrary, WUNA may immediately terminate this Agreement with
regard to any or all Agent Website(s), if WUNAreasonably determines that compliance with this Agreement would cause WUNA or
any of its affiliates to violate or potentially violate any local, state or federal law or regulation or any court order.

 

9 Indemnification; Limitation
of Liability.

 

9.1 Indemnification by
Agent. Agent shall indemnify and hold WUNA, its affiliates, and their respective officers, directors, agents and
employees, harmless from and against any claims, losses, causes of action, damages, liabilities or expenses (including
reasonable attorneys’ fees and expenses) arising out of or resulting from:

 

(a) any violation of this Agreement;
(b) Agent’s failure to comply with Applicable Law; (c) any failure to adhere to the Service Requirements (including any payments
of Money Transfers to other than the intended recipients, in excess of the authorized amount, or resulting from any failure to
mark the transaction as paid-out in the will call file); (d) any claim or dispute regarding Agent’s debit or credit of funds
from a consumer’s Designated Account; (e) any negligence, recklessness or willful misconduct of Agent, its officers, directors,
agents or employees, as applicable; (f) the loss, misuse, theft, burglary, forgery, robbery or other crime, destruction, disappearance
and all other causes of loss with respect to the MT Trust Funds, including the receipt of counterfeit currency or checks; or (g)
any claim or dispute related to fraud on an Account Holder’s Designated Account. The indemnification obligations set forth
herein shall survive the termination of this Agreement.

 

9.2 Indemnification by WUNA.
WUNA shall indemnify and hold Agent, its affiliates, and their respective officers, directors, agents, and employees, harmless
from and against any third party claims, losses, causes of action, damages, liabilities or expenses (including reasonable attorneys’
fees and expenses) arising out of or resulting from any mishandling, delay, non-delivery or other errors or omissions concerning
the Money Transfer Services caused by WUNA prior to transmission to Agent or after acceptance from Agent and not attributable to
the acts or omissions of Agent, its officers, principals, or employees. The indemnification obligations set forth herein shall
survive the termination of this Agreement.

 

9.3 Limitation of Liability.
NOTWITHSTANDING ANYTHING IN THIS AGREEMENT TO THE CONTRARY, IN NO EVENT SHALL THE CUMULATIVE AGGREGATE LIABILITY OF WUNA UNDER
THIS AGREEMENT EXCEED $500,000.00 IN DIRECT ACTUAL DAMAGES SUFFERED BY AGENT. IN NO EVENT SHALL WUNA, OR ITS AFFILIATES, DIRECTORS,
OFFICERS, EMPLOYEES OR AGENTS BE LIABLE UNDER ANY LEGAL OR EQUITABLE THEORY (INCLUDING, BUT NOT LIMITED TO TORT, CONTRACT, STRICT
LIABILITY, AND WARRANTY) FOR PUNITIVE, EXEMPLARY, SPECIAL, INCIDENTAL, INDIRECT, CONSEQUENTIAL OR SIMILAR DAMAGES, INCLUDING LOST
PROFITS, EACH OF WHICH IS HEREBY EXCLUDED BY AGREEMENT OF THE PARTIES AND REGARDLESS OF WHETHER OR NOT WUNA HAS BEEN ADVISED OF
THE POSSIBILITY OF SUCH DAMAGES.

 

10 Financial Statements; Audit
and Inspection; Agent Security Program.

 

10.1 Financial Statements.
Upon prior request by WUNA from time to time, Agent shall provide to WUNA within fifteen (15) business days its current annual
or interim financial statements, certified by Agent’s independent auditors, if available. Agent grants to WUNA, as well as
to, Dun and Bradstreet, and consumer credit services, consumer reporting agencies and to state and federal government representatives
permission and authorization to verify, receive, exchange and obtain business and/or personal credit and other information, including
without limitation, criminal background checks, as part of WUNA’s ongoing evaluation of Agent.

 

10.2 Records. Agent shall
maintain records with respect to the Services for such period as may be required by law or WUNA. Such records shall include copies
of all transaction forms, receipts and all other records Agent may compile in connection with its performance of the Services,
including any information related to Agent’s Account Holder identification and authentication processes and procedures,
and/or any Customer Identification Program described in 31 C.F.R. 103.121. Agent shall provide copies of any such records to WUNA
fifteen (15) days after WUNA’s reasonable request.

 

10.3 Audit. During the term
of this Agreement, and for a period of one year thereafter, WUNA shall have the right upon reasonable request of at least 5 business
days, to audit and inspect Agent’s books and records related to Agent’s performance of the Services and Agent’s
compliance with this Agreement, the Service Requirements, and Applicable Law. Consumer Information is the property of WUNA and
is subject to audit, review and collection by WUNA. Upon notice from WUNA of any deficiency, Agent shall correct such deficiency
within a reasonable period of time, but no more than thirty (30) business days and shall pay WUNA the reasonable costs related
to such audit.

 

10.4 Agent Security Program.
(a) Agent shall establish, implement and maintain administrative, technical and physical safeguards designed for the purpose of:
(i) ensuring the security of Western Union’s confidential information and Consumer Information; (ii) protecting against any
anticipated threats or hazards to the security or integrity Western Union’s confidential information and Consumer Information;
and (iii) protecting against unauthorized access to, or use, destruction or alteration of Western Union’s confidential information
or Consumer Information (including, but not limited to, during the disposal of the such information).

 

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(b) Upon reasonable prior notice, Agent
shall provide information about the measures it employs to safeguard WUNA’s confidential information and Consumer Information,
and shall permit a security assessment. The parties will agree on enhancements to be implemented by Agent in order to address any
insufficient security measures identified in such assessment or otherwise. Agent shall cooperate with WUNA to conduct security
vulnerability (penetration) testing on Agent’s system, which may include testing by electronic methods.

 

(c) If WUNA’s confidential
information or Consumer Information includes payment card data (credit and debit cards), then Agent will provide attestation
of compliance to PCI Data Security Standards to WUNA upon request.

 

(d) Agent shall transmit WUNA’s
confidential information or Consumer Information only by using a secure connection, and then only if the information is
encrypted.

 

(e) Agent will implement measures to
monitor and detect security incidents. Agent shall immediately notify WUNA of any actual or suspected unauthorized access to,
use of, or unintended or malicious loss, destruction or alteration of WUNA Consumer information or other confidential
information, through WUNA- specified reporting channels. Agent agrees to assist WUNA with all incident handling and forensic
investigation in case of such an incident.

 

11 Insurance. Agent represents
and warrants that Agent has sufficient assets or insurance to cover losses or liabilities arising from claims for workers’
compensation, bodily injury, property damage, theft, employee dishonesty, forgery, robbery, burglary, misplacement and similar
occurrences, including loss, theft, or damage. Agent’s obligation to maintain insurance hereunder shall not relieve Agent
of any of its other obligations hereunder, including its indemnity obligations in Section 9.1.

 

12 Assignment.

 

12.1 Any transfer or assignment of
this Agreement or any rights hereunder by Agent, in whole or in part, by operation of law or otherwise, without WUNA’s
prior written consent, is prohibited, constitutes a material breach of the Agreement and in WUNA’s sole discretion
shall be voidable. In the event of such transfer or assignment, the party to whom the Agreement was transferred or assigned
shall be bound to the terms and conditions of this Agreement to the same extent as if WUNA and such assignee or transferee,
as the case may be, entered into an agreement identical to this Agreement. Furthermore, Agent shall indemnify and hold WUNA
harmless from all liabilities, expenses, costs, fees and fines arising from, or in connection with, such transferee’s
or assignee’s offering of the Services. For purposes of this Agreement, an assignment or transfer shall include, among
other things: (a) a Change of Control of Agent or any person or entity that directly controls the Agent, or (b) the transfer
or sale of any substantial part (25% or more in value) of the total assets of Agent. “Change of Control” means
that: (i) the persons directly or indirectly owning the voting stock or interests shall cease to own, directly or indirectly,
more than 25% of all such voting stock or interests (on a fully-diluted basis); and/or (ii) the persons directly or
indirectly owning the voting stock or interests shall otherwise cease to have such ability, directly or indirectly, to elect
the majority of the board of directors or other governing members. Under no circumstances shall any assignment or transfer of
this Agreement by Agent release Agent from its obligations hereunder unless WUNA consents to such a release in writing.

 

12.2 Agent shall provide WUNA with written
notice of Agent’s intent to liquidate, substantially change the basic nature of its business, or transfer or sell any substantial
part (25% or more in value) of its total assets. Agent shall also notify WUNA of any judgment, writ, warrant of attachment, execution
or levy against any substantial part (25% or more in value) of Agent’s total assets not later than three days after Agent
obtains knowledge of any such judgment, writ, warrant of attachment, execution or levy.

 

12.3 In no event shall Agent sell, assign
or otherwise transfer greater than 50% of the assets used in connection with Agent’s business operated through all, or substantially
all, of the Agent Websites covered by this Agreement, unless: (a) WUNA gives its prior written consent to such sale, assignment
or transfer and (b) the purchaser, assignee or transferee thereof assumes this Agreement and all of the provisions and obligations
of the Agent hereunder. If Agent effects any such sale, assignment or transfer, Agent shall be responsible for all of the termination
responsibilities set forth in Section 8A of Part A; Agent shall be responsible for the liquidated damages set forth in such Section,
unless: (a) the transferee thereof assumes this Agreement and all of the provisions and obligations of the Agent hereunder, and
(b) WUNA consents to the same in writing. In no event shall Agent be relieved of its liability to WUNA or any of its other obligations
arising hereunder without WUNA’s prior written consent..

 

12.4 WUNA may assign or transfer this
Agreement and its rights hereunder and may delegate its duties hereunder, in whole or in part, to any third party, whether in
connection with a change in ownership or otherwise, without the consent of Agent.

 

12.5 Except as provided in the
following sentence, this Agreement will inure to the benefit of WUNA, its successors and assigns. No assignee for the benefit
of creditors, custodian, receiver, trustee in bankruptcy, debtor in possessions, sheriff, constable or any other officer of
the court, or other person charged with taking custody of Agent’s assets or business, shall have any right to continue
or to assume or to assign this Agreement.

 

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13 Notices.

 

13.1 Delivery. All notices
hereunder shall be in writing and shall be deemed given when personally delivered, or when sent by facsimile transmission with
receipt confirmed, one day after being sent by a reputable overnight courier, or three business days after being mailed by certified
mail, return receipt requested, in each case directed: (a) if to Agent, to its address as shown on the face of its Application,
to the attention of the representative or party signing this Agreement; (b) if to WUNA, to Western Union, One Belleview Station,
7001 E. Belleview Avenue, Denver, Colorado 80237, Attention: President, with a copy to the same address, Attention: General Counsel;
or (c) to such other address for each party as is specified by such party in a notice given to the other party.

 

13.2 Additional Notice
Events. In addition to the events requiring notice under Section 7.1 of this Agreement, Agent shall provide notice to
WUNA within forty- eight hours in accordance with Section 13.1 of this Agreement upon the discovery of any of the following
events involving or relating to itself, its officers, principals and all other Agent employees and/or representatives,
whether or not a criminal offense: (a) fraud; (b) dishonest activities; (c) embezzlement; (d) acting without a license,
registration, or authorization required under applicable law; (e) making of false statements or omissions in any
communications with WUNA or a governmental agency; (f) larceny; (g) forgery; (h) holdups, thefts, including loss or theft of
payment instruments, burglaries, or check kiting schemes; (i) destroying or altering information requested by WUNA or a
governmental agency; or (j) operating in an unsafe or unsound manner or any other misconduct.

 

14 Other Provisions.

 

14.1 Waiver of Trial by Jury.
EACH PARTY HEREBY IRREVOCABLY WAIVES ANY AND ALL RIGHTS THEY MAY HAVE TO A TRIAL BY JURY IN ANY JUDICIAL PROCEEDING INVOLVING A
CLAIM ARISING OUT OF, OR RELATING TO, THIS AGREEMENT.

 

14.2 Waiver of Service of Process.
EACH PARTY HEREBY IRREVOCABLY WAIVES PERSONAL SERVICE OF PROCESS AND CONSENTS THAT SERVICE OF PROCESS UPON IT MAY BE MADE
BY CERTIFIED OR REGISTERED MAIL, RETURN RECEIPT REQUESTED, AT THE ADDRESS PROVIDED PURSUANT TO SECTION 13 AND TO ITS REGISTERED
AGENT: Corporate Creations Network, Inc., 801 US Highway 1, North Palm Beach, FL 33408

 

14.3 Independent Contractors.
The parties agree that they are acting hereunder as independent contractors and that nothing in this Agreement shall be construed
to constitute either party as a partner, employee or agent of the other (except for the limited purpose of offering the Services
as defined herein), and no employee or agent of either party shall be deemed to be the employee or agent of the other. Neither
party shall have the authority to make any agreement or commitment, nor incur any liability on behalf of the other, nor be liable
for any acts or omissions of the other, except as specifically provided herein.

 

14.4 This Agreement,
including, all Parts, Schedules, Exhibits and Attachments hereto, the Agency Agreement Application, the Service Requirements,
and all documents incorporated by reference herein, constitutes the entire and sole agreement between the parties with
respect to the subject matter herein. This Agreement supersedes all prior understandings, arrangements or agreements, whether
verbal or written, between the parties hereto with respect to the subject matter of this Agreement. Provisions of this
Agreement that concern or relate to obligations and duties to be performed after the termination of this Agreement shall
survive termination of this Agreement to the extent reasonably necessary to effectuate the intent and purpose of such
provisions. Except as provided hereinabove, no modification, renewal, extension or waiver of any of the provisions of this
Agreement shall be binding upon the parties unless made in writing and signed by the parties. Emails, including emails that
bear an electronic “signature block” identifying the sender, shall not constitute signed writings for purposes of
this Agreement. No failure of either party to require performance by the other of any provision hereof shall be construed to
be a modification of this Agreement or a waiver of any succeeding breach. If any provision of this Agreement is determined to
be invalid by a court of competent jurisdiction, such provision shall be deemed void and the remainder of this Agreement
shall continue in full force and effect. Except as expressly set forth herein, nothing contained in this Agreement is
intended to confer upon any person not a party hereto any rights, benefits or remedies of any kind or character whatsoever,
and no such person shall be deemed a third-party beneficiary under this Agreement. In the event this Agreement references
more than one person, corporation, partnership or entity as Agent, then it is expressly agreed that the liability of such
persons or entities hereunder shall be both joint and several. This Agreement shall be construed and enforced in accordance
with, and shall be governed by, the laws of the State of New York (without regard to any provisions concerning choice of law
or conflict of laws which might result in the application of the law of another jurisdiction). In the event this Agreement is
translated into a language other than English, it is done solely for convenience purposes, with only the signed English
language version of this Agreement being valid and binding upon the parties.

 

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15. State Specific Requirements.  This Section 15 applies
to Agent with respect to its locations, if any, in the states listed below:

 

ARKANSAS, CALIFORNIA, HAWAII, IDAHO,
INDIANA, KENTUCKY, MAINE, MARYLAND, MICHIGAN, MINNESOTA, NEBRASKA, NEW MEXICO, NEW YORK, NORTH CAROLINA, NORTH DAKOTA, OREGON,
PENNSYLVANIA, SOUTH CAROLINA, TENNESSEE, TEXAS, VIRGINIA, WYOMING

 

Agent is under a duty to act only as authorized
under this Agreement. Agent and WUNA are subject to supervision, regulation and disciplinary action, including but not limited
to termination of the Agreement, by or at the direction of the Director or Commissioner (as defined below). Agent hereby consents
to the Director’s inspection of the books and records of Agent, with or without prior written notice to WUNA or Agent. As
used in this Section 15, “Director” or “Commissioner” means the following for each of the states listed
below:

 

Arkansas – Arkansas Securities Commissioner

 

California
– Commissioner of Business Oversight

 

Idaho – Director of the Idaho Department of Finance

 

Hawaii – Hawaii Commissioner
of Financial Institutions

 

Indiana – Director of Indiana
Department of Financial Institutions

 

Kentucky – Executive Director of the Kentucky Office
of Financial Institutions

 

Maine – Director of Office of Consumer Credit Regulation within the Department of Professional
and Financial Regulation

 

Maryland – Bank Commissioner of the Department
of Licensing and Regulation

 

Michigan – Commissioner of the Office of Financial and Insurance Services

 

Minnesota
– Commissioner of Commerce

 

Nebraska – Director of Banking
and Finance

 

New Mexico – Director of the Financial Institutions
Division of the Regulation and Licensing Department

 

New York – Superintendent
of Banking of the State of New York

 

North Carolina – Commissioner
of Banks of the State of North Carolina

 

North Dakota – Commissioner
of the Department of Financial Institutions

 

Oregon – Director of the Department of Consumer and Business Services

 

Pennsylvania – Secretary of Banking

 

South Carolina – South Carolina
Attorney General

 

Tennessee – Tennessee Commissioner
of Financial Institutions

 

Texas – Texas Commissioner
of Banking

 

Virginia -- Virginia Commissioner
of Financial Institutions

 

Wyoming – State Banking Commissioner

 

ALASKA, ARKANSAS, CALIFORNIA, DISTRICT
OF COLUMBIA, IDAHO, ILLINOIS, INDIANA, IOWA, KENTUCKY, MARYLAND, MICHIGAN, MINNESOTA, NEW JERSEY, NEW MEXICO, NORTH CAROLINA, PENNSYLVANIA,
SOUTH CAROLINA, VERMONT, VIRGINIA, WASHINGTON, TEXAS

 

Agent will perform all Services in compliance
with the Act (as defined below) and any rules, regulations or orders issued thereunder, as amended from time to time. As used in
this Section 15, “the Act” means the following for each of the states listed below:

 

Alaska – Alaska Uniform Money
Services Act, Chapter 55 of Title 6 of the Alaska Statutes

 

Arkansas – Arkansas Uniform Money Services Act,
Arkansas Code, Title 23, Chapter 55

 

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California – Money Transmission
Act of the California Financial Code and of any regulations or orders issued thereunder

 

District of Columbia – Money
Transmissions Law, Chapter 10 of Title 26 of the District of Columbia Code

 

Idaho – Chapter 29 of Title
26 of the Idaho Code

 

Illinois – the laws of the
State of Illinois and the United States, including without limitation, Illinois Transmitters of Money Act, 205 Illinois Compiled
Statutes Section 657

 

Indiana – Indiana Code Section
28-8-4-1 through Section 28-8-4-53

 

Iowa – Iowa Uniform Money
Services Act, Chapter 533C of the Iowa Code

 

Kentucky – Kentucky
Revised Statutes Chapter 286

 

Maryland – Maryland Money Transmission Act, Md.
Code Ann., Fin. Inst. Sections 12-401 to 12-431

 

Michigan – Michigan Money
Transmission Services Act, Act 250 of 2006, Michigan Compiled Laws Section 487, specifically subsections 1033 and 1034, and any
rules, regulations or orders issued thereunder

 

Minnesota – Minnesota Statutes
Annotated Chapter 53B.21

 

New Jersey – New Jersey Money Transmitters Act,
New Jersey Statutes, Title 17, Chapter 15C

 

New Mexico – Uniform Money
Services Act

 

North Carolina – North Carolina Money Transmitters
Act, N.C.G.S. §53-208.41 et seq

 

Pennsylvania – Money Transmitter
Act

 

South Carolina – South
Carolina Anti-Money Laundering Act, Title 35, Chapter 11

 

Vermont – Chapter
79, Title 8 of the Vermont Statutes

 

Virginia -- Chapter
19 of Title 6.2 of the Code of Virginia

 

Washington – Washington
Uniform Money Services Act, Revised Code of Washington, Title 19, Chapter 19.230

 

Texas – All applicable
state and federal laws rules and regulations pertaining to money transmission, including Chapter 151 of the Texas Finance Code,
relevant provisions of the Bank Secrecy Act and USA PATRIOT Act, and Chapter 271 of the Texas Finance Code, and regulations of
the State of Texas, including, but not limited to, the posting of the following notice to consumers as required under Title 7,
Section 33.51(d)(1) of the Texas Administrative Code:

 

    Main, Page 9 of 12

     

    

 

“Complaints concerning money transmission activities
of Company should be directed to:

 

For Western Union Branded
Money Transfer Complaints:

Western Union Financial Services, Inc.

P.O. Box 6036

Englewood, CO 80112

For Customer Service, please call:
1-800-325-6000

 

For Orlandi Valuta Branded
Money Transfer Complaints:

Western Union Financial Services, Inc.

P.O. Box 6036

Englewood, CO 80112

For Customer Service, please call:
1-800-515-5505

 

For Vigo Branded Money Transfer
Complaints:

Western Union Financial Services, Inc.

P.O. Box 6036

Englewood, CO 80112

For Customer Service, please call:
800-777-8784

 

For Money Order Complaints:

Western Union
Financial Services, Inc.

P.O. Box 7030

Englewood, Colorado 80155-7030

For Customer Services, please call:
1-800-999-9660

 

If, after contacting Company, you still have an unresolved
complaint regarding the company’s money transmission activity, then please direct your complaint to:

Texas Department of
Banking

2601 North Lamar Boulevard

Austin, Texas 78705

1-877-276-5554 (toll free)

www.dob.texas.gov”

 

CALIFORNIA

 

Agent shall make and keep accounts,
correspondence, memoranda, papers, books and other records which the California Commissioner of Business Oversight by regulation
or order requires, and Agent shall preserve such records for the time specified by such regulation or order.

 

HAWAII

 

Agent hereby certifies that it
is in compliance, and shall comply, with the recordkeeping and reporting requirements under Title 31 United States Code Section
5311 et seq., 31 Code of Federal Regulations Part 1022, Section 210, and other federal and state laws pertaining to money laundering.

 

KENTUCKY

 

Pursuant to the laws of the State
of Kentucky, WUNA hereby provides Agent with the following information: WUNA is required to comply with applicable federal and
state law.

 

MAINE

 

Agent is prohibited from providing
the Services to anyone under the age of 18 years.

 

    Main, Page 10 of 12

     

    

 

MICHIGAN

 

In the event WUNA’s license
is suspended or revoked, the Commissioner shall notify WUNA and order WUNA to send a notice to its Agents directing them to cease
providing money transmission services on behalf of WUNA, and the Agents shall immediately cease providing money transmission services
as an Agent of WUNA. Agent shall not make any fraudulent or false statement or misrepresentation to a consumer or WUNA or to the
Commissioner.

  

NEW YORK

 

Agent is prohibited from acting on behalf
of the consumer as a courier for the transmission of money, and no Money Order sold may be retained by Agent or any subagent of
WUNA. All Money Orders sold must be given by the Agent and any subagent of WUNA to the purchasers of the instruments for their
own delivery to the beneficiary. Agent shall not sell any Money Order or money transmission instruments in New York State pursuant
to this Agreement unless the name “Western Union Financial Services, Inc.” clearly appears on the face of the instrument.

 

NORTH CAROLINA

 

Company appoints Agent as its authorized
delegate with authority to engage in money transmission on behalf of WUNA. Neither Company nor Agent may authorize subdelegates
without the written consent of the Commissioner of Banks of the State of North Carolina (the “Commissioner”). Company
and Agent are subject to supervision and regulation by the Commissioner. Company shall issue a certificate of authority for each
Company Service offered at each location at which it conducts licensed activities in North Carolina through authorized delegates
such as Agent. The certificate(s) shall be posted in public view at each location of Agent in North Carolina and shall state as
follows: “Money transmission on behalf of Western Union Financial Services, Inc. is conducted at this location pursuant
to the North Carolina Money Transmitters Act, N.C.G.S. §53-208.41 et seq.”

 

PENNSYLVANIA

 

Pursuant to Subsection 12(c) of the
Pennsylvania Money Transmitter Act (Act 129), this Agreement shall contain the following provisions: (1) There is consent by
the Agent and the person on whose behalf the Agent is acting; (2) The Agent is acting on behalf of the person employing the
Agent’s service for the transmission of money; (3) The Agent is subject to the control of the person on whose behalf
the Agent is acting, meaning that the licensee or exempted person takes complete financial responsibility for the money being
transmitted from the moment an individual initiates the transmission of money until the intended recipient receives the
transmitted money; (4) There is no risk of loss to the individual initiating the transaction if the Agent fails to remit the
funds to the person on whose behalf the Agent is acting; (5) Receipt of funds by the agent is deemed receipt of funds by the
person on whose behalf the agent is acting; (6) The Agent may not provide money transmission outside the scope of activity
permissible under the written agreement between the Agent and the person on whose behalf the Agent is acting except to the
extent that the Agent is licensed itself or operating as an Agent for another person; (7) Individuals doing business with the
Agent are aware that the Agent is working on behalf of the person on whose behalf the Agent is acting.

 

TEXAS

 

Agent hereby certifies that it is familiar
with and agrees to fully comply with all applicable state and federal laws, rules, and regulations pertaining to money transmission,
including Chapter 151 of the Texas Finance Code and rules adopted thereunder, relevant provisions of the Bank Secrecy Act and
the USA PATRIOT Act, and Chapter 271 of the Texas Finance Code. Agent agrees to prepare and maintain all records as required by
Chapter 151 of the Texas Finance Code or any rule adopted thereunder or as reasonably requested by the Texas Commissioner of Banking.
Agent acknowledges that Company, as a license holder under Chapter 151 of the Texas Finance Code, is subject to regulation by
the Texas Commissioner of Banking and that, as part of that regulation, the Commissioner may suspend or revoke an authorized delegate
designation or require Company to terminate an authorized delegate designation. Agent acknowledges receipt of the WUNA
written policies and procedures applicable to Agent’s compliance with applicable state and federal laws. Agent acknowledges
that it has been provided the website address through which Agent can access Chapter 151 of the Texas Finance Code and rules adopted
pursuant to said chapter (www.dob.texas.gov) and the Bank Secrecy Act and the USA PATRIOT Act (www.msb.gov and www.fincen.gov),
and Chapter 271 of the Texas Finance Code (www.dob.texas.gov).

 

The remainder of this column
is intentionally left blank.

 

    Main, Page 11 of 12

     

    

 

The undersigned have executed the
foregoing Agreement to be effective as of the date WUNA signs this Agreement (the “Effective Date”). BY SIGNING
THIS AGREEMENT, AGENT AGREES TO THE PROVISIONS HEREIN AND ALL ATTACHMENTS HERETO FOR THE SERVICE TO BE PROVIDED BY AGENT.

 

AGENT: CUENTAS, INC.

 

	Signature: 	/s/ Arik Maimon	 
	 	(Authorized Representative)	 
	 	 	 
	Name: 	Arik Maimon	(Print)
	 	 
	Title: 	CEO	 
	 	 
	Date: 	10/21/2020	 

 

SIGNER MUST INITIAL APPLICABLE LINES BELOW:

 

	AM	Western
    Union Money Transfer® Services (Part A)	 
	 	 	 
	 	AM Agent
    Locations	 
	 	 	 
	 	AM On-line
    Money Transfer	 
	 	 	 
	____	Western Union
    Money Orders® (Part B)	 
	 	 	 
	____	Western Union
    Convenience Pay® Services (Part C)	 

 

 

FOR
INTERNAL USE ONLY

 

WESTERN UNION FINANCIAL SERVICES, INC.

 

	Signature:	/
    Carlos A Calvo Chacon	 
	 	(Authorized Representative)	 
	 	 
	Name: 	Carlos A Calvo Chacon	(Print)
	 	 
	Title: 	Agent Database Administrator	 

 

Western Union Services to be Offered by Agent:

 

	CCC	Western Union Money Transfer Service  (Part A)

 

	 	CCC	On-line Money
Transfer

 

Effective Date: 12/08/2020                              

 

 

    Main, Page 12 of 12

     

    

 

PART
A Description of

Services MONEY

TRANSFER

(ABMT MONEY TRANSFER
SERVICES)

 

1A. Services.

 

1A.1 During the term of this Agreement,
Agent shall offer the On-line Money Transfer Services, which will include WUNA’s Domestic Money Transfer services, International
Money Transfer services, Mexico Money Transfer services, and such other funds transfer or funds disbursement services that WUNA
may introduce, from time to time.

 

1A.2 Agent agrees that, during the term
of this Agreement and for a period of 90 days thereafter, Agent shall not act as agent for, represent, offer or allow to be offered,
through any Channel or otherwise, any other money transfer service or other service similar to any of the Money Transfer Services,
including, without limitation, card or ATM based money transfer services except for Agent USA GPR Card to Agent USA GPR Card and
Agent USA account to Agent USA account transfers already integrated into the Agent App and system. Agent represents and warrants
that Agent is not obligated to offer any money transfer services, through any Channel or otherwise, that compete with the Money
Transfer Services. Notwithstanding the preceding, Western Union hereby acknowledges that Agent may offer certain proprietary banking
services to its bank customers that may be similar to the Services; however, Agent acknowledges and agrees that it will not act
as agent for, represent or offer any other third-party provided service similar to any of the Services.

 

1A.3 Agent agrees that, if Agent
breaches Section 1A.2 WUNA’s remedies at law will not be adequate, and in addition to the other remedies set forth herein,
WUNA shall be entitled to specific performance, including appropriate injunctive relief.

 

2A. Procedures.

 

2A.1 WUNA shall provide Agent and
Agent’s designated employees with reasonable training in the provision of the Money Transfer Services as WUNA deems necessary.
WUNA shall furnish Agent with the materials necessary for Agent’s provision of the Money Transfer Services including any
information necessary to create the screens, flows, receipts, processes and procedures for use with On-line Money Transfer. Agent
shall not use any other forms or other such items in its provision of the Money Transfer Services, without the prior written approval
of WUNA. Creation, establishment and integration of On-line Money Transfer Services into Agent’s Website(s) shall be determined
upon mutual agreement of WUNA and Agent.

 

2A.2 For each Money Transfer sent through
Agent (through any Channel), Agent shall collect the principal amount of the Money Transfer, the applicable Transaction Fee (as
defined below) and any other WUNA service fees that may be applicable. Agent shall not impose any other fee, charge, requirement,
or restriction of any kind upon the Money Transfer sender that is not required by WUNA or Applicable Law. With respect to On-line
Money Transfer, Agent shall be solely responsible for properly debiting and crediting funds from and to Designated Accounts and
resolving any disputes relating thereto, including but not limited to receiving all necessary authorizations, in form and manner,
to debit and/or credit a Designated Account and any disputes related thereto, issues regarding the availability of funds in the
Designated Account, issues regarding the timing of debits from or credits to a Designated Account, any debits from a Designated
Account that are charged back, rejected, returned or withdrawn, any debits or credits to an account other than a Designated Account,
and/or any claims of fraud concerning Designated Accounts and/or Account Holders. Agent shall be liable to WUNA for the principal
amount of the Money Transfer, the applicable Transaction Fee and any other WUNA service fees that may be applicable, regardless
of whether Agent ultimately receives payment therefor. As used herein, “Transaction Fee” means the fee paid by a person
or entity for Western Union or its affiliates to complete the sending, processing or pay out of a money transfer or payment transaction,
subject to the exclusions listed below. For purposes of calculating the Agent’s commission in Section 5A.1, the items listed
below are not considered part of the Transaction Fee, whether (i) separately charged or included in the amount paid or (ii) incurred
by WUNA, its affiliate, or another agent or partner, and will be deducted by WUNA prior to it determining the base compensation
owed to Agent. The deductible items include: any costs associated with the form or method of funding or payout of a money transfer
or payment; debit or credit card processing fees; any processing fees related to transfers to and from bank accounts and other
accounts, including any form of wallet or prepaid/stored value cards; third-party processing costs applicable to the processing
of a money transfer or payment transaction; additional services offered by WUNA (e.g., home delivery of funds, telephone notification,
etc.); any taxes or governmental charges; or foreign exchange gains. WUNA will be entitled to the balance of all compensation
and other revenues received for the Money Transfer Service. All fee calculations will be made by WUNA in accordance with the Service
Requirements and will be settled in accordance with Section 5A.2.

 

2A.3 (a) With respect to On-line Receivers, Agent shall credit
the Designated Account with good and available funds within one business day of the On-line Receiver’s election to receive
pay out of a Money Transfer transaction into a Designated Account.

 

    Part A, Page 1 of 4

     

    

 

(c) Agent shall not impose
any fee, charge, requirement, or restriction of any kind upon a Money Transfer recipient that is not required by WUNA or Applicable
Law.

 

2A.4 Agent shall not use the Money Transfer Services to send or receive a Money Transfer on behalf of Agent, or of any principal,
officer, director or employee of Agent, or of any member of Agent’s family, as applicable. However, this paragraph shall
not be construed to prohibit employees of Agent from sending or receiving Money Transfers in the ordinary course and in customary
arm’s-length transactions.

 

2A.5 Agent agrees that WUNA may establish, from time to time and in WUNA’s sole discretion,
both daily and single transaction limits relating to the number and principal amount of transactions that may be transacted through
a Channel. WUNA reserves the right to temporarily suspend the Money Transfer Services through any Channel if Agent exceeds a daily
Money Transfer limit established by WUNA.

 

2A.6 Agent shall not advertise, solicit, or negotiate any of the Services in any language
other than English or Spanish, without the prior written approval of WUNA.

 

2A.7 Agent and WUNA shall each perform the obligations
related to the development and implementation of the Global Banking Services Gateway, as set forth in Schedule 1 hereto.

 

3A. Trust Relationship;
Liability for Loss.

 

3A.1 As of the Effective Date,
WUNA appoints Agent as its delegate and trustee for the limited purposes of offering the Money Transfer Services for sale to Consumers
through the applicable Channels, collecting MT Trust Funds in accordance with the provisions of this Agreement. Agent shall act
in a fiduciary capacity and hold the MT Trust Funds in trust for the benefit of WUNA and shall maintain and account for the MT
Trust Funds separate and apart from all other funds and monies of Agent. Agent agrees that, in the event Agent commingles MT Trust
Funds with any other funds, such funds shall be impressed with a trust to the extent of the MT Trust Funds. Agent shall not acquire
by operation of this Agreement, or otherwise, any right, title or interest of any kind in the MT Trust Funds. All MT Trust Funds
remain the sole and exclusive property of WUNA. Agent’s financial records shall identify the MT Trust Funds as funds and
other property held in trust for the benefit of WUNA.

 

3A.2 Anything to the contrary notwithstanding, Agent shall safeguard and
protect all MT Trust Funds and MT Equipment, if applicable, in its capacity as a fiduciary or trustee entrusted with such cash,
similar instruments or equipment for safekeeping. Agent shall be absolutely liable for any loss, theft, seizure, forfeiture or
misappropriation of the same until such MT Trust Funds or MT Equipment are received by or are in the possession of WUNA. Agent
shall be absolutely liable to WUNA for: (a) all MT Trust Funds and (b) the replacement value of all MT Equipment lost, stolen,
destroyed, damaged, misappropriated, seized or forfeited while in Agent’s possession. Within 24 hours after unused MT Equipment
provided hereunder have been lost, stolen, destroyed, damaged, misappropriated, seized or forfeited, Agent shall notify WUNA of
the serial numbers of such or MT Equipment. However, such notice does not relieve Agent of its liability as provided herein. Agent
agrees to pay all MT Trust Funds to WUNA upon demand, regardless of the presence or absence of negligence of Agent, WUNA or any
other person or entity.

 

4A. Remittance of MT Trust
Funds. Agent shall deposit all monies (including, without limitation, Money Transfer principal and fees) received by Agent
in connection with the provision of the Money Transfer Services and/or the Stored Value Services (the “MT Trust Funds”)
into the Trust Account no later than 10:00 a.m., local time at the place of deposit, on the business day following receipt thereof.
WUNA will then initiate a draft (via Automated Clearing House or other electronic means) against the Trust Account for the total
amount of all funds due WUNA hereunder. If Agent fails to comply with this Section 4A, WUNA may exercise any of the rights and/or
remedies set forth in Section 8.3 of the Agreement. WUNA may amend or modify the provisions of this Section 4A, in the following
instances: (a) immediately upon notice to Agent, if Agent (i) fails to remit amounts due to WUNA in accordance with this Section
4A, or (ii) breaches any material provision of the Agreement, or (b) upon 10 days prior notice to Agent; however, prior to the
conclusion of this 10-day period, Agent may elect to terminate this Agreement by providing WUNA with 30 days’ notice during
which time such changes shall not be in effect.

 

    Part A, Page 2 of 4

     

    

5A. Payments.

 

5A.1
Compensation. For each Qualifying Transaction, WUNA will pay Agent the percentage outlined below of the Transaction Fee and
the percentage outlined below of the foreign exchange gains. WUNA (and not Agent) will establish the rates by which the currency
in which any Qualifying Transaction is sent is converted into the currency that the Qualifying Transaction is paid, and Western
Union will calculate any applicable foreign exchange gain or loss. Foreign exchange losses, if any, will be shared in the same
percentage as foreign exchange gains. WUNA will pay Agent for Qualifying Transactions as follows: Agent’s commission for
each On-line Money Transfer sent or paid through an Agent Website will be REDACTED of the Transaction Fee (“Transaction
Fee Commission”) and REDACTED of FX (“FX Share”). For all transactions originating outside the
United States, Agent’s compensation will be paid in United States dollars in accordance with WUNA’s settlement and
currency conversion arrangements with the originating international agent. If Agent has not achieved more than REDACTED
Qualifying Transactions within 24 months of the Effective Date, the Transaction Fee Commission will be REDACTED
and FX Share will be REDACTED. If Agent then achieves more than REDACTED Qualifying Transactions
in any 12- month period, the Transaction Fee Commission will be REDACTED and the FX Share will be REDACTED.

 

5A.2 Calculation; Payment; Reports.
Agent’s compensation shall be paid as follows: (a) Transaction Fee Commission will be paid monthly in the month following
the calendar month in which it was earned, and (b) FX Share will be paid at the end of each calendar quarter in the month following
the end of the calendar quarter in which it was earned. Money Transfer principal is not included in the calculation of Agent commissions.
Except for the compensation to be paid to Agent as described in Section 5A.1 above, WUNA shall be entitled to the balance of all
compensation and other revenues received for or in connection with the Services. WUNA shall pay such compensation to Agent by
paper check or by credit (via Automated Clearing House or other electronic means), as determined by WUNA in its sole discretion.
WUNA will supply supporting reports to indicate the basis for each Channel’s calculation and to summarize monthly or quarterly,
as applicable, performance results

 

6A. Technology Rights.

 

6A.1 Title to all computer programs, computer
software, microcode, firmware, application programming interfaces, other interfaces, Gateway, source code, including all updates,
replacements and copies thereof, provided by WUNA to Agent (“MT Software”) shall remain in WUNA, and no title thereto
is transferred to Agent hereby. During the term of this Agreement, Agent is hereby granted a royalty-free, terminable, non-transferable
and non-exclusive license to use the MT Software for the sole purpose of providing the Money Transfer Services and for such other
purposes as WUNA or its affiliates may specify in writing from time to time. Such license shall terminate upon termination of
this Agreement. In order to protect WUNA’s trade secrets in the MT Software Agent shall install MT Software updates within
ninety (90) days of distribution by WUNA. At Agent’s expense. Agent shall not reverse engineer, decompile, copy, modify,
create derivative works of, transfer, sell, publish or disclose all or part of the MT Software. Agent agrees that the MT Software
is proprietary and confidential information of WUNA. 6A.2 Any improvement(s) to the MT Software made or discovered during the
Term shall belong exclusively to WUNA. To the extent that Agent contributes, in whole or in part, to any improvement(s) to the
MT Software, Agent hereby assigns to WUNA all right, title and interest in and to such improvements. Further, Agent agrees that
(a) it will not seek, and that it will require its employees, agents and representatives (including third party contractors) not
to seek patent, copyright, trademark, registered design, or other protection for any rights in and to the improvement(s), and
(b) it will do and will require its employees, agents and representatives (including third party contractors) to do, at WUNA’s
expense, all things and execute all documents as WUNA may reasonably require to vest in WUNA or its nominees any protection for
the improvement(s) that the other party deems appropriate.

 

    Part A, Page 3 of 4

     

    

 

7A. Merchandising Standards; Marketing Requirements.

 

On-line Money Transfer. During
the Term and subject to WUNA’s prior approval in each case, Agent shall (a) prominently and continuously advertise and promote
the Money Transfer Services and WUNA’s marks on Agent’s consumer home page and no less than three (3) additional uniform
resource locators (URLs) on Agent’s Internet web site; (b) communicate and advertise the Money Transfer Services to all
Account Holders upon commencement of the offering of the Money Transfer Services and no less than two (2) times per calendar year
thereafter.

 

8A. Termination Responsibilities;
Liquidated Damages.

 

8A.1 Immediately upon expiration
or termination of Part A or this Agreement, or upon the closure of Agent Website(s), with respect to that Agent Website(s), Agent
shall: (a) stop presenting itself to the public as providing the Services; (b) make no use of WUNA’s intellectual property,
Consumer Information or confidential information and return the same to WUNA; (c) refer all calls and consumers regarding the Services
to the telephone numbers, locations and/or Internet web sites specified by WUNA and Agent shall not divert any such calls or consumers
to a competitor of WUNA or disparage either WUNA or the Services; (d) at Agent’s sole cost and expense, return to WUNA all
of the following: state licensing materials (if any), Consumer Information, information and materials of any type relating to WUNA’s
security measures and procedures, and any other items that WUNA has provided to Agent; (e) at Agent’s sole cost and expense,
remove and (at WUNA’s election) deliver to WUNA or dispose of all signs, displays and other materials containing WUNA’s
name or logo (or will permit WUNA to do so at Agent’s sole cost and expense); (f) render a full accounting to WUNA for all
Services transacted through Agent and all MT Trust Funds; and (g) pay to WUNA all MT Trust Funds and any other amounts due to WUNA
in accordance with the terms of this Agreement. In addition, Agent will post a mutually agreeable notice of alternative locations
where Money Transfer Services are available on Agent Website(s), for a period of 90 days following the termination of this Agreement.
Upon any termination hereof, WUNA may notify its respective consumers of the termination and direct them to other service locations.

 

8A.2 If this Agreement is improperly
terminated by Agent, or otherwise terminated due to a breach of this Agreement by Agent then, in addition to any other remedies
provided herein or otherwise available to WUNA, Agent shall pay WUNA, as liquidated damages, upon demand, an amount equal to: the
average monthly consumer fees collected by Agent for the Money Transfer Services provided by WUNA during the 90 days preceding
either the date of first breach by Agent or the effective date of such termination (as may be elected by WUNA in its sole discretion),
less the actual commissions and bonuses paid to Agent by WUNA during such 90 day period, multiplied by 12 months or the number
of months (including any pro rata portion of a month) then-remaining in the Initial Term or the Renewal Term, whichever is less.
Agent acknowledges and agrees that the amount calculated and the method of calculation specified above are reasonable, provide
a reasonable estimate of WUNA’s probable damages in the event of such termination, and does not constitute a penalty.

 

9A.
Discontinuation and Modification of Service Methods.  If WUNA discontinues offering any Service through any particular Service
Method (as defined below) or modifies any Service through any particular Service Method, which WUNA may do in its sole discretion,
or any other optional service offered by WUNA, WUNA may terminate or amend this Agreement as it concerns such discontinued or
modified Service Method. The effective date of such termination or amendment under this Section 9A shall be the date on which
WUNA discontinues or modifies such Service Method; provided, however, that WUNA shall use commercially reasonable efforts to notify
Agent at least 30 days prior to such termination or amendment. As used herein, “Service Method” means the following
Money Transfer Services offered through any Channel: Quick Collect, Quick Cash, optional services of WUNA (including messaging,
delivery, telephoning the receiver, etc.) and such other methods of providing the Money Transfer Services that WUNA may introduce
from time to time.

 

	/s/ Arik Maimon	 
	Arik Maimon – CEO	 
	Cuentas, Inc. 10/21/2020	 

 

 

 

Part A, Page 4
of 4

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