Document:

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Exhibit 10.7.2

                             USA TECHNOLOGIES, INC.
                                200 Plant Avenue
                            Wayne, Pennsylvania 19087

                                  May 13, 2003

Mr. Michael K. Lawlor
131 Lisa Drive
Paoli, Pennsylvania 19301

         Re:      Separation Agreement

Dear Mike:

         This will confirm that your employment with USA Technologies, Inc. (the
"Company")  shall  terminate at the close of business on June 30, 2003.  We wish
you the best of luck in your  future  endeavors.  This  letter  sets  forth  the
various agreements we have reached concerning your separation from the Company.

         1. Employment Period.

         C.       Effective  July 1, 2003, you shall no longer be an employee of
                  the Company and the  Employment  Period as defined  under your
                  Employment And  Non-Competition  Agreement dated as of June 7,
                  1996,  as amended by the First  Amendment  thereto dated as of
                  February 22, 2000 and by the Second Amendment thereto dated as
                  of  April  15,  2002   ("Employment   Agreement"),   shall  be
                  terminated.  The Employment Period shall continue through June
                  30,  2003,  and  you  shall  continue  to act as  Senior  Vice
                  President  of  Business  Development  of the  Company  and the
                  Company shall  continue to pay to you your current base salary
                  and to  provide to you your  existing  benefits.  During  this
                  time,  you  agree  to work  with  the  Company  on an  orderly
                  transition  of  the  work  in  your  area  of  responsibility,
                  including  but  not  necessarily  limited  to  the  following:
                  working  with the Company to  formulate a suitable  transition
                  plan, and working with whomever the Company might designate on
                  the transition.

         D.       After  June 30,  2003,  and  except as  provided  in Section 2
                  hereof,   you  shall  not  be   provided  or  covered  by  any
                  Company-paid benefits or receive any further payments from the
                  Company.  Subject to Section 2, you may also elect to continue
                  your health insurance  coverage pursuant to COBRA, at your own
                  cost and expense.

         C.       Notwithstanding  subparagraph A. above, and the termination of
                  the Employment  Period under your Employment  Agreement,  this
                  will  confirm  that  Sections  5, 6,  and 7 of the  Employment
                  Agreement,  relating  to  non-disclosure  and  non-competition
                  restrictions,  shall not be  terminated  and shall survive and
                  remain in full  force and  effect  in  accordance  with all of
                  their terms and conditions.

                                       72
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         2. Severance Payment. In consideration of the general release set forth
in Section 3 hereof,  the Company shall pay to you a cash  severance  payment in
the amount of $77,273.  This amount is intended to reimburse  you for the income
taxes  attributable  to the stock  bonuses paid to you during the 2002  calendar
year.  The severance  payment will be payable over a six month period (or sooner
in the  discretion of the Company)  commencing  upon the  effectiveness  of this
letter (as discussed in Section 10), and shall be subject to applicable  payroll
tax  withholdings.  The payment of the cash severance  payment by the Company to
you shall be subject to you first  canceling an  aggregate of 186,200  shares of
Common Stock of the Company presently owned by you.

The Company shall also provide common stock based severance pay of two weeks per
year served in the employ of USA  Technologies.  This amount shall be calculated
based upon your  current  annual base salary of  $120,000(14  weeks based upon 7
years of service - for a total amount of $33,307). The severance amount shall be
received  by you in the  form of  Common  Stock  of the  Company  as part of the
current 2003-A Common Stock offering at $0.10 per share.  Upon the effectiveness
of this letter (as  described in Section  10),  you and the Company  shall enter
into the standard  2003-A  Subscription  Agreement for these shares (as provided
therein,  the Common  Stock is  expected  to be filed with the SEC within  30-45
days).

In addition to the above noted  severance  payments,  the Company will provide 3
weeks of additional  compensation for accumulated  `paid time off' payable on or
before July 18, 2003.

The Company  will  continue  benefits  coverage  for you and your  family  until
December 31, 2003 in accordance with current practice.

         3.  General  Release.  You agree,  intending  to be legally  bound,  to
voluntarily and forever release and discharge the Company, as well as all of its
past, present and future officers, directors, employees, shareholders and agents
and their respective successors and assigns (collectively "Releasees"),  jointly
and severally,  from any and all actions, charges, causes of action or claims of
any kind (collectively, "claims"), known or unknown, suspected or claimed, which
you, your heirs,  agents,  successors or assigns ever had, now have or hereafter
may have against Releasees arising  heretofore out of any matter,  occurrence or
event existing or occurring prior to the execution  hereof,  including,  without
limitation:

                                    (a) Any claims relating to or arising out of
                           your employment with and/or  separation of employment
                           by the Company;

                                    (b)   Except   as   specifically    provided
                           otherwise  herein,  any claims for unpaid or withheld
                           wages,  severance,  benefits,  bonuses  and/or  other
                           compensation of any kind;

                                       73
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                                    (c) Any claims for attorneys' fees, costs or
                           expenses;

                                    (d)  Any  claims  of  discrimination  and/or
                           harassment based on age, sex, race, religion,  color,
                           creed, disability,  handicap,  citizenship,  national
                           origin,   sexual   preference  or  any  other  factor
                           prohibited   by  Federal,   state  or  local  law  or
                           ordinance,  common law or administrative  regulations
                           (such as the Age  Discrimination  in Employment  Act,
                           the Americans With Disabilities Act, Title VII of the
                           Civil  Rights Act of 1964,  the  Employee  Retirement
                           Income  Security  Act  and  the  Pennsylvania   Human
                           Relations Act),  and/or any other statutory or common
                           law claims,  now existing or hereinafter  recognized,
                           including,  but not limited to,  breach of  contract,
                           quasi-contract,  breach of covenant of good faith and
                           fair dealing,  detrimental reliance,  libel, slander,
                           fraud,   wrongful  discharge,   promissory  estoppel,
                           equitable   estoppel  and  intentional  or  negligent
                           misrepresentation, and/or any rights under any of the
                           foregoing laws or regulations.

         In addition, you covenant and agree to never,  individually or with any
other person or in any way, commence, aid in any fashion,  prosecute or cause or
permit  to be  commenced  against  the  Company  or  any  Releasee  any  action,
obligation, damage, or liability that is the subject matter of this Section 3.

         4.  Return of  Company  Property.  At the time of your  termination  of
employment, you agree to return to the Company any of its property either issued
to you or in your  possession,  including but not limited to, any Company credit
cards,  American  Express  cards,  computers,  pagers and keys to the  Company's
office. In addition,  you shall immediately surrender to the Company any and all
company,  customer  and  partner  contact  information,   materials,  documents,
software, manuals or other records, in your possession or control, which include
or contain  any  confidential  information  of or  concerning  the  business  or
policies of the Company,  and you will not retain or use any copies or summaries
thereof.

         5. Future Actions.

         A.       From and  after  the date  hereof,  you  agree not to take any
                  actions which are specifically intended to damage the business
                  interests of the Company or which  reflect  negatively  on the
                  Company or its employees,  directors,  shareholders or agents,
                  including but not limited to, contacting the Company's agents,
                  customers,  suppliers,  employees (past,  present or future to
                  the extent you know them to be  related  to the  Company),  or
                  using  documents or other data obtained while in the employ of
                  the Company,  in a manner that  interferes with or damages the
                  Company's reputation, purpose or employee relations.

                                       74
<PAGE>

         B.       From and after the date  hereof,  you agree not to sell during
                  any  single  calendar  month  more than 20% of your  aggregate
                  holdings of USTT common stock (measured as of the first day of
                  any such calendar month).

         C.       From and after the date hereof, the Company agrees not to take
                  any  actions  which  are  specifically   intended  to  reflect
                  negatively on you. From and after the date hereof, the Company
                  shall give you a "favorable" recommendation in response to any
                  inquires from any of your potential employers and use its best
                  efforts to assist you in your search for employment.

         6. Remedies.  In the event that you should breach any term or condition
of this letter or the  Employment  Agreement,  the Company shall cease paying to
you any payments  otherwise  due to you under  Section 2 hereof.  The  foregoing
remedy shall be cumulative,  and shall be in addition to any remedies  otherwise
available to the Company at law or in equity or  otherwise.  In the event of any
breach hereof or your Employment  Agreement,  you shall pay all of the costs and
expenses incurred by the Company in enforcing the provisions  hereof,  including
its attorney's fees.

         7. Severability. Should any provision of this letter be held invalid or
illegal,  such  illegality  shall not  invalidate  the whole of this  letter but
rather,  the letter  shall be  construed as if it did not contain the invalid or
illegal part,  and the rights and  obligations of the parties shall be construed
and enforced accordingly.

         8. Merger Clause.  This letter contains the complete  understanding and
agreement  between  the  parties  hereto  and  supersedes  any and all prior and
contemporaneous agreements, understandings, negotiations and discussions between
the  parties,  oral or written,  express or implied.  Notwithstanding  the prior
sentence,  however, and as indicated in Section 1.B., the provisions of Sections
5, 6 and 7 of your Employment Agreement shall remain in full force and effect.

         9.  Choice of Law;  Successors.  This  letter has been  executed in the
Commonwealth of Pennsylvania  and shall be construed in accordance with the laws
of the Commonwealth of Pennsylvania without regard to its conflict of law rules.
This letter shall be binding upon our respective, permitted successors, assigns,
heirs, and personal representatives.

         10.  Effective  Date.  You have  twenty-one  (21) days within  which to
consider  this  letter.  If you sign this  letter,  you will retain the right to
revoke it for seven (7) days.  This  letter  shall not be  effective  until this
revocation period has expired.  To revoke the letter,  you must send a certified
letter to my attention.  The letter must be postmarked  within seven (7) days of
your execution of this letter.  Finally,  this will confirm that the Company has
advised you to consult with an attorney prior to your execution of this letter.

                                       75
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         Mike,  please  indicate your agreement with this letter by signing this
letter below where indicated and returning it to me.

                                               Sincerely,
                                               USA TECHNOLOGIES, INC.

                                               By: /s/ Stephen P. Herbert
                                                   -----------------------------
                                                   Stephen P. Herbert, President

                                               UNDERSTOOD AND AGREED:

                                               /s/ Michael K. Lawlor
                                               ---------------------------------
                                               MICHAEL K. LAWLOR

                                               Date: 5/14/03

                                       76<PAGE>

Exhibit 10.14.2

                             USA TECHNOLOGIES, INC.
                                200 Plant Avenue
                            Wayne, Pennsylvania 19087

                                   May 9, 2003

Mr. Leland P. Maxwell
401 Dartmouth Road
Bryn Mawr, Pennsylvania 19010

         Re:      Separation Agreement

Dear Lee:

         This will confirm that your employment with USA Technologies, Inc. (the
"Company")  shall  terminate at the close of business on June 30, 2003.  We wish
you the best of luck in your  future  endeavors.  This  letter  sets  forth  the
various agreements we have reached concerning your separation from the Company.

         1. Employment Period.

         A.       Effective  July 1, 2003, you shall no longer be an employee of
                  the Company and the  Employment  Period as defined  under your
                  Employment And Non-Competition  Agreement dated as of February
                  24, 1997, as amended by the First  Amendment  thereto dated as
                  of February 24, 1998 and by the Second Amendment thereto dated
                  as of February  22, 2000  ("Employment  Agreement"),  shall be
                  terminated.  The Employment Period shall continue through June
                  30, 2003, and you shall continue to act as the Chief Financial
                  Officer and  Treasurer  of the  Company and the Company  shall
                  continue to pay to you your current base salary and to provide
                  to you your existing benefits.  During this time, you agree to
                  work with the Company on an orderly  transition of the work in
                  your area of  responsibility,  including  but not  necessarily
                  limited  to  the  following:   working  with  the  Company  to
                  formulate  a  suitable   transition  plan,  and  working  with
                  whomever the Company might designate on the transition.

         B.       After  June 30,  2003,  and  except as  provided  in Section 2
                  hereof,   you  shall  not  be   provided  or  covered  by  any
                  Company-paid benefits or receive any further payments from the
                  Company.  You may also elect to continue your health insurance
                  coverage pursuant to COBRA, at your own cost and expense.

         C.       Notwithstanding  subparagraph A. above, and the termination of
                  the Employment  Period under your Employment  Agreement,  this
                  will  confirm  that  Sections  5, 6,  and 7 of the  Employment
                  Agreement,  relating  to  non-disclosure  and  non-competition
                  restrictions,  shall not be  terminated  and shall survive and
                  remain in full  force and  effect  in  accordance  with all of
                  their terms and conditions.

                                       77
<PAGE>

         2. Severance Payment. In consideration of the general release set forth
in Section 3 hereof,  the Company  shall pay to you a  severance  payment in the
amount of $77,273. This amount is, among other things, intended to reimburse you
for the income taxes  attributable  to the stock  bonuses paid to you during the
2002  calendar  year.  The  severance  payment  will be payable over a six month
period  (or  sooner  in the  discretion  of the  Company)  commencing  upon  the
effectiveness  of this letter (as discussed in Section 10), and shall be subject
to applicable payroll tax withholdings.  The payment of the severance payment by
the  Company to you shall be  subject to you first  canceling  an  aggregate  of
186,200 shares of Common Stock of the Company presently owned by you.

The Company shall also provide common stock based severance pay of two weeks per
year served in the employ of USA  Technologies.  This amount shall be calculated
based upon your  current  annual base salary of  $120,000(12  weeks based upon 6
years of service - for a total amount of $27,692). The severance amount shall be
received  by you in the  form of  Common  Stock  of the  Company  as part of the
current 2003-A Common Stock offering at $0.10 per share.  Upon the effectiveness
of this letter (as  described in Section  10),  you and the Company  shall enter
into the standard  2003-A  Subscription  Agreement for these shares (as provided
therein,  the Common  Stock is  expected  to be filed with the SEC within  30-45
days).

         3.  General  Release.  You agree,  intending  to be legally  bound,  to
voluntarily and forever release and discharge the Company, as well as all of its
past, present and future officers, directors, employees, shareholders and agents
and their respective successors and assigns (collectively "Releasees"),  jointly
and severally,  from any and all actions, charges, causes of action or claims of
any kind (collectively, "claims"), known or unknown, suspected or claimed, which
you, your heirs,  agents,  successors or assigns ever had, now have or hereafter
may have against Releasees arising  heretofore out of any matter,  occurrence or
event existing or occurring prior to the execution  hereof,  including,  without
limitation:

                           (a) Any claims  relating  to or  arising  out of your
                           employment  with and/or  separation  of employment by
                           the Company;

                           (b) Except as specifically provided otherwise herein,
                           any claims for unpaid or withheld  wages,  severance,
                           benefits,  bonuses and/or other  compensation  of any
                           kind;

                           (c)  Any  claims  for  attorneys'   fees,   costs  or
                           expenses;

                           (d) Any claims of  discrimination  and/or  harassment
                           based on age,  sex,  race,  religion,  color,  creed,

                                       78
<PAGE>

                           disability,  handicap, citizenship,  national origin,
                           sexual  preference or any other factor  prohibited by
                           Federal, state or local law or ordinance,  common law
                           or  administrative   regulations  (such  as  the  Age
                           Discrimination  in Employment Act, the Americans With
                           Disabilities  Act,  Title VII of the Civil Rights Act
                           of 1964, the Employee  Retirement Income Security Act
                           and the Pennsylvania Human Relations Act), and/or any
                           other statutory or common law claims, now existing or
                           hereinafter  recognized,  including,  but not limited
                           to,  breach of  contract,  quasi-contract,  breach of
                           covenant of good faith and fair dealing,  detrimental
                           reliance,  libel, slander, fraud, wrongful discharge,
                           promissory    estoppel,    equitable   estoppel   and
                           intentional  or negligent  misrepresentation,  and/or
                           any  rights  under  any  of  the  foregoing  laws  or
                           regulations.

         In addition, you covenant and agree to never,  individually or with any
other person or in any way, commence, aid in any fashion,  prosecute or cause or
permit  to  be  commenced  against  the  Company  or  any  Release  any  action,
obligation, damage, or liability that is the subject matter of this Section 3.

         4.  Return of  Company  Property.  At the time of your  termination  of
employment, you agree to return to the Company any of its property either issued
to you or in your  possession,  including but not limited to, any Company credit
cards,  American  Express  cards,  computers,  pagers and keys to the  Company's
office. In addition,  you shall immediately surrender to the Company any and all
company,  customer  and  partner  contact  information,   materials,  documents,
software, manuals or other records, in your possession or control, which include
or contain  any  confidential  information  of or  concerning  the  business  or
policies of the Company,  and you will not retain or use any copies or summaries
thereof.

         5. Future Actions.

         A.       From and  after  the date  hereof,  you  agree not to take any
                  actions which are specifically intended to damage the business
                  interests of the Company or which  reflect  negatively  on the
                  Company or its employees,  directors,  shareholders or agents,
                  including but not limited to, contacting the Company's agents,
                  customers,  suppliers,  employees (past,  present or future to
                  the extent you know them to be  related  to the  Company),  or
                  using  documents or other data obtained while in the employ of
                  the Company,  in a manner that  interferes with or damages the
                  Company's reputation, purpose or employee relations.

         B.       From and after the date  hereof,  you agree not to sell during
                  any  single  calendar  month  more than 20% of your  aggregate
                  holdings of USTT common stock (measured as of the first day of
                  any such calendar month).

                                       79
<PAGE>

         C.       From and after the date hereof, the Company agrees not to take
                  any  actions  which  are  specifically   intended  to  reflect
                  negatively on you. From and after the date hereof, the Company
                  shall give you a "favorable" recommendation in response to any
                  inquires from any of your potential employers and use its best
                  efforts to assist you in your search for employment.

         6. Remedies.  In the event that you should breach any term or condition
of this letter or the  Employment  Agreement,  the Company shall cease paying to
you any payments  otherwise  due to you under  Section 2 hereof.  The  foregoing
remedy shall be cumulative,  and shall be in addition to any remedies  otherwise
available to the Company at law or in equity or  otherwise.  In the event of any
breach hereof or your Employment  Agreement,  you shall pay all of the costs and
expenses incurred by the Company in enforcing the provisions  hereof,  including
its attorney's fees.

         7. Severability. Should any provision of this letter be held invalid or
illegal,  such  illegality  shall not  invalidate  the whole of this  letter but
rather,  the letter  shall be  construed as if it did not contain the invalid or
illegal part,  and the rights and  obligations of the parties shall be construed
and enforced accordingly.

         8. Merger Clause.  This letter contains the complete  understanding and
agreement  between  the  parties  hereto  and  supersedes  any and all prior and
contemporaneous agreements, understandings, negotiations and discussions between
the  parties,  oral or written,  express or implied.  Notwithstanding  the prior
sentence,  however, and as indicated in Section 1.B., the provisions of Sections
5, 6 and 7 of your Employment Agreement shall remain in full force and effect.

         9.  Choice of Law;  Successors.  This  letter has been  executed in the
Commonwealth of Pennsylvania  and shall be construed in accordance with the laws
of the Commonwealth of Pennsylvania without regard to its conflict of law rules.
This letter shall be binding upon our respective, permitted successors, assigns,
heirs, and personal representatives.

         10.  Effective  Date.  You have  twenty-one  (21) days within  which to
consider  this  letter.  If you sign this  letter,  you will retain the right to
revoke it for seven (7) days.  This  letter  shall not be  effective  until this
revocation period has expired.  To revoke the letter,  you must send a certified
letter to my attention.  The letter must be postmarked  within seven (7) days of
your execution of this letter.  Finally,  this will confirm that the Company has
advised you to consult with an attorney prior to your execution of this letter.

         Lee,  please  indicate your  agreement with this letter by signing this
letter below where indicated and returning it to me.

                                       80
<PAGE>

                                             Sincerely,

                                             USA TECHNOLOGIES, INC.

                                             By: /s/ George R. Jensen, Jr.
                                                 ------------------------------
                                                 George R. Jensen, Jr., Chief
                                                 Executive Officer

                                             UNDERSTOOD AND AGREED:

                                             /s/ Leland P. Maxwell
                                             ----------------------------------
                                             LELAND P. MAXWELL

                                             Date: 5/30/03

                                       81

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