Document:

First Amendment to Hypercom Corporation Nonemployee Directors' Stock Option Plan

 Exhibit 4.5 
 AMENDMENT TO THE 
 HYPERCOM CORPORATION 

NONEMPLOYEE DIRECTORS’ STOCK OPTION PLAN 
 Hypercom Corporation (the “Company”) previously approved and adopted the Hypercom Corporation Nonemployee Directors’ Stock Option Plan (the “Plan”) to encourage ownership in the
Company by Nonemployee Directors, to strengthen the ability of the Company to attract and retain the services of experienced and knowledgeable individuals as Nonemployee Directors of the Company, and to provide Nonemployee Directors with a further
incentive to work for the best interests of the Company and its stockholders. By this instrument, the Company desires to amend the Plan to (i) extend the duration of the Plan through 2012, (ii) increase the number of shares of Stock
available under the Plan, and (iii) increase the number of annual and initial option grants to Nonemployee Directors. 

1. Capitalized terms used but not otherwise defined herein shall have the respective meanings assigned to such terms in the Plan.

 2. This Amendment shall be effective as of date approved by the Company’s stockholders at its 2006 Annual Meeting
(“Amendment Effective Date”). 
 3. Section 1.4 (Establishment, Purpose, and Duration –
Duration of the Plan) of the Plan is amended and restated as follows: 
 1.4. DURATION OF THE PLAN. The Plan shall
remain in effect until the earlier of (i) December 31, 2012, or (ii) the date the Plan is terminated by the Board of Directors pursuant to Article 7 or Section 8.4. 

4. Section 4.1 (Shares Subject to the Plan – Number of Shares) of the Plan is amended and restated as
follows: 
 4.1. NUMBER OF SHARES. The total number of shares of Stock available for grant under the Plan may not exceed
600,000, subject to adjustment as provided in Section 4.3. The shares issued pursuant to the exercise of Options granted under the Plan may be authorized and unissued Stock or Stock reacquired by the Company, as determined by the Committee.

 5. Section 6.2 (Grant of Options – Annual Grant) of the Plan is amended and restated as follows:

 6.2. ANNUAL GRANT. Each individual who is a Nonemployee Director on the third business day after the Company’s
annual earnings release beginning with fiscal year 2006 and through and including fiscal year 2012, shall be granted an Option as of such date to purchase 15,000 shares of Stock, subject to the limitations on the number of shares that may be awarded
under the Plan. The specific terms of the Options are subject to the provisions of this Article 6 and the Option Agreement executed pursuant to Section 6.4. 
 6. Section 6.3 (Grant of Options – Initial Grant) of the Plan is amended and restated as follows: 
 6.3. INITIAL GRANT. Each individual who first becomes a Nonemployee Director after the Amendment Effective Date, shall be granted an Option to purchase 15,000 shares of Stock as of the date the
individual first becomes a Nonemployee Director. The specific terms of the Options are subject to the provisions of this Article 6 and the Option Agreement executed pursuant to Section 6.4. 

7. Section 6.8(b) (Grant of Options – Payment) of the Plan is amended and restated as follows: 

(b) by tendering previously acquired shares of Stock (held for at least six months) having a Fair Market Value at the time of exercise
equal to the Total Exercise Price; or 
 8. This Amendment shall amend only the provisions of the Plan as set forth herein.
Those provisions of the Plan not expressly amended hereby shall be considered in full force and effect.Second Amendment - Hypercom Corporation Nonemployee Directors' Stock Option Plan

 Exhibit 4.6 
 SECOND AMENDMENT TO THE 
 HYPERCOM CORPORATION 

NONEMPLOYEE DIRECTORS’ STOCK OPTION PLAN 
 (EFFECTIVE JANUARY 1, 2009) 
 WHEREAS, Hypercom Corporation (the
“Company”) has adopted and currently maintains the Hypercom Corporation Nonemployee Directors’ Stock Option (the “Plan”) on behalf of its Nonemployee Directors; 
 WHEREAS, Section 7.1 of the Plan provides that the Committee may amend the Plan at any time; 
 WHEREAS, the Plan has been amended on one occasion; 
 WHEREAS, Section 409A of
the Internal Revenue Code (the “Code”), which became effective as of January 1, 2005, applies to the Plan and awards granted under the Plan that do not fit within an exception to Section 409A of the Code; 

WHEREAS, the Plan has been and shall continue to be administered in good faith compliance with the requirements of Section 409A of the Code
from January 1, 2005 through December 31, 2008; and 
 WHEREAS, the purpose of this Second Amendment is to satisfy the
documentation requirements of Section 409A of the Code which are effective as of January 1, 2009. 
 NOW, THEREFORE, the Plan
is hereby amended, effective as of January 1, 2009, as set forth below: 
 1. Section 2.1(i) of the Plan is hereby amended by
restating clause (ii) in its entirety to read as follows: 
 (ii) the price as determined by such methods and procedures as may be
established from time to time by the Board in compliance with Section 409A of the Code and regulations promulgated thereunder. 

2. Section 4.3 of the Plan is hereby amended by adding the following to the end thereof: 
 Notwithstanding any provision to the contrary, any adjustment, substitution, or exchange made pursuant to this Section 4.3 shall be made in a manner consistent with the requirements of the
Section 409A of the Code and the regulations thereunder, to the extent they apply. 
 3. Article 6 of the Plan is hereby amended by
adding the following new Section 6.14 to the end thereof: 
 6.14 NO EXTENSION. Notwithstanding any provision herein or in any
Award Agreement to the contrary, none of the events described in Sections 6.10, 6.11, or 6.13 shall extend the term of any Option granted pursuant to the Plan beyond the end of term for such Option that is set forth in the Plan or in the Option
Award Agreement. 
 4. Article 8 of the Plan is hereby amended by adding the following new Section 8.7 as set out below: 

8.7 COMPLIANCE WITH SECTION 409A OF THE CODE. It is the intention of the Company that the Options granted under the Plan qualify for the
so-called “stock rights” exception to Section 409A of the Code described in Treas. Reg. § 1.409A-1(b)(5)(B). 

 5. This Second Amendment shall amend only the provisions of the Plan as set forth herein, and those
provisions not expressly amended hereby shall be considered in full force and effect. 
 IN WITNESS WHEREOF, the Company has caused this Second
Amendment to be executed by its authorized representative on the date set forth below. 
 Executed this 31st day of December, 2008. 

 

			
	Hypercom Corporation
		
	By:	 	 /s/ Robert Vreeland

	Its:	 	 Interim CFOHypercom Corporation Long-Term Incentive Plan

 Exhibit 4.7 
 HYPERCOM CORPORATION 
 LONG-TERM INCENTIVE PLAN 

ARTICLE 1 PURPOSE 

1.1. General. The purpose of the Hypercom Corporation Long-Term Incentive Plan (the “Plan”) is to promote the
success, and enhance the value, of Hypercom Corporation and its subsidiaries (collectively, “Hypercom”) by linking the personal interests of its employees, consultants, and advisors to those of Hypercom stockholders and by providing its
employees, consultants, and advisors with an incentive for outstanding performance. The Plan is further intended to provide flexibility to the Company in its ability to motivate, attract, and retain the services of employees, consultants, and
advisors upon whose judgment, interest, and special effort the successful conduct of the Company’s operation is largely dependent. Accordingly, the Plan permits the grant of incentive awards from time to time to selected employees, consultants,
and advisors of the Company. 
 ARTICLE 2 EFFECTIVE DATE 
 2.1. Effective Date. The Plan is effective as of November 26, 1996 (the “Effective Date”). Within one year after the Effective Date, the Plan shall be submitted to the
stockholders of the Company for their approval. The Plan will be deemed to be approved by the stockholders if it receives the affirmative vote of the holders of a majority of the shares of stock of the Company present, or represented, and entitled
to vote at a meeting duly held (or by the written consent of the holders of a majority of the shares of stock of the Company entitled to vote) in accordance with the applicable provisions of the Delaware General Corporation Law and the
Company’s Bylaws and Certificate of Incorporation. Any Awards granted under the Plan prior to stockholder approval are effective when made (unless the Committee specifies otherwise at the time of grant), but no Award may be exercised or settled
and no restrictions relating to any Award may lapse before stockholder approval. If the stockholders fail to approve the Plan, any Award previously made shall be automatically canceled without any further act. 

ARTICLE 3 DEFINITIONS AND CONSTRUCTION. 
 3.1. Definitions. When a word or phrase appears in this Plan with the initial letter capitalized, and the word or phrase does not commence a sentence, the word or phrase shall generally be given
the meaning ascribed to it in this Section or in Sections 1.1 or 2.1 unless a clearly different meaning is required by the context. The following words and phrases shall have the following meanings: 

(a) “Award” means any Option, Stock Appreciation Right, Restricted Stock Award, Performance Share Award,
Dividend Equivalent Award, or Other Stock-Based Award, or any other right or interest relating to Stock or cash, granted to a Participant under the Plan. 
 (b) “Award Agreement” means any written agreement, contract, or other instrument or document evidencing an Award. 

(c) “Board” means the Board of Directors of the Company or a Committee thereof formed under Section 4,
as the case may be. 
 (d) “Cause” means (except as otherwise provided in on Option Agreement) if
the Board, in its reasonable and good faith discretion, determines that the employee, consultant or advisor (i) has developed or pursued interests substantially adverse to the Company, (ii) materially breached any employment, engagement or
confidentiality agreement or otherwise failed to satisfactorily discharge his or her duties, (iii) has not devoted all or substantially all of his or her business time, effort and attention to the affairs of the Company (or such lesser amount
as has been agreed to in writing by the Company), (iv) is charged with or convicted of a felony, or (v) has engaged in activities or omissions that are detrimental to the well-being of the Company. 

 (e) “Change of Control” means and includes each of the
following (except as otherwise provided in an Option Agreement): 
 (1) there shall be consummated any
consolidation or merger of the Company in which the Company is not the continuing or surviving entity, or pursuant to which Stock would be converted into cash, securities or other property, other than a merger of the Company in which the holders of
the Company’s Stock immediately prior to the merger have at least 80% ownership of beneficial interest of common stock or other voting securities of the surviving entity immediately after the merger; 

(2) there shall be consummated any sale, lease, exchange or other transfer (in one transaction or a series of related
transactions) of assets or earning power aggregating more than 40% of the assets or earning power of the Company and its subsidiaries (taken as a whole), other than pursuant to a sale-leaseback, structured finance or other form of financing
transaction; 
 (3) the stockholders of the Company shall approve any plan or proposal for liquidation or
dissolution of the Company; 
 (4) any person (as such term is used in Section 13(d) and 14(d)(2) of
the Exchange Act), other than any current stockholder of the Company or affiliate thereof or any employee benefit plan of the Company or any subsidiary of the Company or any entity holding shares of capital stock of the Company for or pursuant to
the terms of any such employee benefit plan in its role as an agent or trustee for such plan, shall become the beneficial owner (within the meaning of Rule 13d-3 under the Exchange Act) of 51% or more of the Company’s outstanding Stock; or

 (5) during any period of two consecutive years, individuals who at the beginning of such period
constituted a majority of the Board shall fail to constitute a majority thereof, unless the election, or the nomination for election by the Company’s stockholders, of each new director was approved by a vote of at least two-thirds of the
directors then still in office who were directors at the beginning of the period. 
 (f) “Code”
means the Internal Revenue Code of 1986, as amended from time to time. 
 (g) “Committee” means
the committee of the Board described in Article 4. 
 (h) “Disability” shall mean any illness
or other physical or mental condition of a Participant which renders the Participant incapable of performing his customary and usual duties for the Company, or any medically determinable illness or other physical or mental condition resulting from a
bodily injury, disease or mental disorder which in the judgment of the Committee is permanent and continuous in nature. The Committee may require such medical or other evidence as it deems necessary to judge the nature and permanency of the
Participant’s condition. 
 (i) “Dividend Equivalent” means a right granted to a Participant
under Article 11. 
 (j) “Exchange Act” shall mean the Securities Exchange Act of 1934, as
amended from time to time. 
 (k) “Fair Market Value” means with respect to Stock or any other
property, the fair market value of such Stock or other property as determined by the Board in its discretion, under one of the following methods: (i) the last reported sales price or closing price for the Stock as reported on any national
securities exchange on which the Stock is then listed (which shall include the Nasdaq National Market) for that date or, if no prices are so reported for that date, such prices on the next preceding date for which such prices were reported; or
(ii) the price as determined by such methods or procedures as may be established from time to time by the Board. 
 (l) “Incentive Stock Option” means an Option that is intended to meet the requirements of Section 422 of the Code or any successor provision thereto. 

(m) “Non-Qualified Stock Option” means an Option that is not intended to be an Incentive Stock Option.

 (n) “Option” means a right granted to a Participant under Article 7 of the Plan to
purchase Stock at a specified price during specified time periods. An Option may be either an Incentive Stock Option or a Non-Qualified Stock Option. 
 (o) “Other Stock-Based Award” means a right, granted to a Participant under Article 12, that relates to or is valued by reference to Stock or other Awards relating to Stock.

 (p) “Participant” means a person who, as an employee of or
consultant or advisor to the Company or any Subsidiary, has been granted an Award under the Plan. A “Participant” shall not include any Director of the Company or any Subsidiary who is not also an employee of or consultant to the Company
or any Subsidiary. 
 (q) “Performance Share” means a right granted to a Participant under
Article 9, to receive cash, Stock, or other Awards, the payment of which is contingent upon achieving certain performance goals established by the Committee. 

(r) “Plan” means the Hypercom Corporation Long-Term Incentive Plan, as amended from time to time.

 (s) “Restricted Stock Award” means Stock granted to a Participant under Article 10 that is
subject to certain restrictions and to risk of forfeiture. 
 (t) “Stock” means the Common Stock
of the Company and such other securities of the Company that may be substituted for Stock pursuant to Article 13. 
 (u) “Stock Appreciation Right” or “SAR” means a right granted to a Participant under Article 8 to receive a payment equal to the difference between the Fair Market Value of a
share of Stock as of the date of exercise of the SAR over the grant price of the SAR, all as determined pursuant to Article 8. 
 (v) “Subsidiary” means any corporation, domestic or foreign, of which a majority of the outstanding voting stock or voting power is beneficially owned directly or indirectly by the Company.

 ARTICLE 4 ADMINISTRATION 
 4.1. Board/ Committee. The Plan shall be administered by the Board of Directors or a Committee that is appointed by, and serves at the discretion of, the Board. Any Committee shall consist of
at least two individuals who are members of the Board and are “nonemployee directors” as that term is defined in Rule 16b-3(b)(3) promulgated under Section 16 of the Exchange Act or any successor provision, except as may be
otherwise permitted under Section 16 of the Exchange Act and the regulations and rules promulgated thereunder. For purposes of this Plan, the “Board” shall mean the Board of Directors or the Committee, as the case may be. 

4.2. Action by the Board. A majority of the Board shall constitute a quorum. The acts of a majority of the members present at
any meeting at which a quorum is present and acts approved in writing by a majority of the Board in lieu of a meeting shall be deemed the acts of the Board. Each member of the Board is entitled to, in good faith, rely or act upon any report or other
information furnished to that member by any officer or other employee of the Company or any Subsidiary, the Company’s independent certified public accountants, or any executive compensation consultant or other professional retained by the
Company to assist in the administration of the Plan. 
 4.3. Authority of Board. The Board has the exclusive power,
authority and discretion to: 
 (a) Designate Participants; 

(b) Determine the type or types of Awards to be granted to each Participant; 

(c) Determine the number of Awards to be granted and the number of shares of Stock to which an Award will relate;

 (d) Determine the terms and conditions of any Award granted under the Plan including but not limited to,
the exercise price, grant price, or purchase price, any restrictions or limitations on the Award, any schedule for lapse of forfeiture restrictions or restrictions on the exercisability of an Award, and accelerations or waivers thereof, based in
each case on such considerations as the Board in its sole discretion determines; 
 (e) Determine whether,
to what extent, and under what circumstances an Award may be settled in, or the exercise price of an Award may be paid in, cash, Stock, other Awards, or other property, or an Award may be canceled, forfeited, or surrendered; 

 (f) Prescribe the form of each Award Agreement, which need not be
identical for each Participant; 
 (g) Decide all other matters that must be determined in connection with
an Award; 
 (h) Establish, adopt or revise any rules and regulations as it may deem necessary or advisable
to administer the Plan; and 
 (i) Make all other decisions and determinations that may be required under
the Plan or as the Board deems necessary or advisable to administer the Plan. 
 Notwithstanding the above or anything else in
the Plan to the contrary, the executive officers of the Company also have the authority, subject to the terms, conditions, and parameters set forth by the Board from time to time, to select Award recipients and establish the terms and conditions of
Awards; provided, however, that (i) any such Award recipient must not be a person who, at the time the Award is granted, is subject to the restrictions imposed by Section 16 of the Exchange Act, and (ii) no Awards may be granted at
less than Fair Market Value on the Date of Grant. 
 4.4. Decisions Binding. The Board’s interpretation of the
Plan, any Awards granted under the Plan, any Award Agreement and all decisions and determinations by the Board with respect to the Plan are final, binding, and conclusive on all parties. 
 ARTICLE 5 SHARES SUBJECT TO THE PLAN 
 5.1. Number of Shares.
Subject to adjustment provided in Section 14, the aggregate number of shares of Stock reserved and available for Awards or which may be used to provide a basis of measurement for or to determine the value of an Award (such as with a Stock
Appreciation Right or Performance Share Award) shall be 6,000,000. 
 5.2. Lapsed Awards. To the extent that an
Award terminates, expires or lapses for any reason, any shares of Stock subject to the Award will again be available for the grant of an Award under the Plan and shares subject to SARs or other Awards settled in cash will be available for the grant
of an Award under the Plan, in each case to the full extent available pursuant to the rules and interpretations of the Securities and Exchange Commission under Section 16 of the Exchange Act, if applicable. 

5.3. Stock Distributed. Any Stock distributed pursuant to an Award may consist, in whole or in part, of authorized and
unissued Stock, treasury Stock or Stock purchased on the open market. 
 5.4. Limitations on Awards to any Single
Participant. Subject to the adjustment provided in Section 14, no single Participant may receive Awards covering in the aggregate more than 1,500,000 shares of Stock. 
 ARTICLE 6 ELIGIBILITY 
 6.1. General. Awards may be granted only
to individuals who are employees (including employees who also are directors or officers) of the Company or a Subsidiary or to consultants or advisors thereto, as determined by the Board. 
 ARTICLE 7 STOCK OPTIONS 
 7.1. General. The Board is authorized to
grant Options to Participants on the following terms and conditions: 
 (a) Exercise Price. The
exercise price per share of Stock under an Option shall be determined by the Board. 

 (b) Time and Conditions of Exercise. The Board shall determine
the time or times at which an Option may be exercised in whole or in part, provided that no Option may be exercisable prior to six months following the date of the grant of such Option. The Board also shall determine the performance or other
conditions, if any, that must be satisfied before all or part of an Option may be exercised. An Option shall lapse immediately upon a Participant’s termination of employment or termination of consulting relationship for Cause, unless the Board
determines otherwise. 
 (c) Payment. The Board shall determine the methods by which the exercise
price of an Option may be paid, the form of payment, including, without limitation, cash, shares of Stock, or other property (including net issuance or other “cashless exercise” arrangements), and the methods by which shares of Stock shall
be delivered or deemed to be delivered to Participants. Without limiting the power and discretion conferred on the Board pursuant to the preceding sentence, the Board may, in the exercise of its discretion, but need not, allow a Participant to pay
the Option price by directing the Company to withhold from the shares of Stock that would otherwise be issued upon exercise of the Option that number of shares having a Fair Market Value on the exercise date equal to the Option price, all as
determined pursuant to rules and procedures established by the Board. 
 (d) Evidence of Grant. All
Options shall be evidenced by a written Award Agreement between the Company and the Participant. The Award Agreement shall include such provisions as may be specified by the Board. 

7.2 Incentive Stock Options. The terms of any Incentive Stock Options granted under the Plan must comply with the following
additional rules: 
 (a) Exercise Price. The exercise price per share of Stock shall be set by the
Board, provided that the exercise price for any Incentive Stock Option may not be less than the Fair Market Value as of the date of the grant. 
 (b) Exercise. In no event may any Incentive Stock Option be exercisable for more than ten years from the date of its grant. 

(c) Lapse of Option. An Incentive Stock Option shall lapse under the following circumstances: 

(1) The Incentive Stock Option shall lapse ten (10) years after it is granted, unless an earlier time is set in
the Award Agreement. 
 (2) The Incentive Stock Option shall lapse immediately upon termination of
employment for Cause or for any other reason, other than the Participant’s death or Disability, unless the Board determines in its discretion to extend the exercise period after the Participant’s termination of employment. 

(3) In the case of the Participant’s termination of employment due to Disability or death, the Incentive Stock
Option shall lapse immediately upon termination of employment, unless the Board determines in its discretion to extend the exercise period of the Incentive Stock Option for no more than twelve (12) months after the date the Participant
terminates employment. Upon the Participant’s death, any vested and otherwise exercisable Incentive Stock Options may be exercised by the Participant’s legal representative or representatives, by the person or persons entitled to do so
under the Participant’s last will and testament, or, if the Participant shall fail to make testamentary disposition of such Incentive Stock Option or shall die intestate, by the person or persons entitled to receive said Incentive Stock Option
under the applicable laws of descent and distribution. 
 (d) Individual Dollar Limitation. The
aggregate Fair Market Value (determined as of the time an Award is made) of all shares of Stock with respect to which Incentive Stock Options are first exercisable by a Participant in any calendar year may not exceed One Hundred Thousand Dollars
($100,000.00). 
 (e) Ten Percent Owners. An Incentive Stock Option shall be granted to any
individual who, at the date of grant, owns stock possessing more than ten percent (10%) of the total combined voting power of all classes of Stock of the Company only if, at the time such Option is granted, the Option price is at least one
hundred ten percent (110%) of the Fair Market Value of the Stock and such Option by its terms is not exercisable after the expiration of five (5) years from the date the Option is granted. 

 (f) Expiration of Incentive Stock Options. No Award of an
Incentive Stock Option may be made pursuant to this Plan after the tenth anniversary of the Effective Date. 

(g) Right to Exercise. During a Participant’s lifetime, an Incentive Stock Option may be exercised only
by the Participant. 
 (h) Employees Only. Incentive Stock Options may be granted only to
Participants who are employees of the Company or any Subsidiary. 
 ARTICLE 8 STOCK APPRECIATION RIGHTS 

8.1. Grant of SARs. The Board is authorized to grant SARs to Participants on the following terms and conditions: 

(a) Right to Payment. Upon the exercise of a Stock Appreciation Right, the Participant to whom it is granted
has the right to receive the excess, if any, of: 
 (1) The Fair Market Value of one share of Stock on the
date of exercise; over 
 (2) The grant price of the Stock Appreciation Right as determined by the Board,
which shall not be less than the Fair Market Value of one share of Stock on the date of grant in the case of any SAR related to any Incentive Stock Option. 
 (b) Other Terms. All awards of Stock Appreciation Rights shall be evidenced by an Award Agreement. The terms, methods of exercise, methods of settlement, form of consideration payable in
settlement, and any other terms and conditions of any Stock Appreciation Right shall be determined by the Board at the time of the grant of the Award and shall be reflected in the Award Agreement. 

ARTICLE 9 PERFORMANCE SHARES 
 9.1. Grant of Performance Shares. The Board is authorized to grant Performance Shares to Participants on such terms and conditions as may be selected by the Board. The Board shall have the
complete discretion to determine the number of Performance Shares granted to each Participant. All Awards of Performance Shares shall be evidenced by an Award Agreement. 
 9.2. Right to Payment. A grant of Performance Shares gives the Participant rights, valued as determined by the Board, and payable to, or exercisable by, the Participant to whom the Performance
Shares are granted, in whole or in part, as the Board shall establish at grant or thereafter. The Board shall set performance goals and other terms or conditions to payment of the Performance Shares in its discretion which, depending on the extent
to which they are met, will determine the number and value of Performance Shares that will be paid to the Participant, provided that the time period during which the performance goals must be met shall, in all cases, exceed six months. 

9.3. Other Terms. Performance Shares may be payable in cash, Stock, or other property, and have such other terms and
conditions as determined by the Board and reflected in the Award Agreement. 
 ARTICLE 10 RESTRICTED STOCK AWARDS 

10.1. Grant of Restricted Stock. The Board is authorized to make Awards of Restricted Stock to Participants in such amounts
and subject to such terms and conditions as may be selected by the Board. All Awards of Restricted Stock shall be evidenced by an Award Agreement. 
 10.2. Issuance and Restrictions. Restricted Stock shall be subject to such restrictions on transferability and other restrictions as the Board may impose (including, without limitation,
limitations on the right to vote Restricted Stock or the right to receive dividends on the Restricted Stock). These restrictions may lapse separately or in combination at such times, under such circumstances, in such installments, or otherwise, as
the Board determines at the time of the grant of the Award or thereafter. 

 10.3. Forfeiture. Except as otherwise determined by the Board at the time of the
grant of the Award or thereafter, upon termination of employment during the applicable restriction period, Restricted Stock that is at that time subject to restrictions shall be forfeited and reacquired by the Company; provided, however, that the
Board may provide in any Award Agreement that restrictions or forfeiture conditions relating to Restricted Stock will be waived in whole or in part in the event of terminations resulting from specified causes, and the Board may in other cases waive
in whole or in part restrictions or forfeiture conditions relating to Restricted Stock. 
 10.4. Certificates for
Restricted Stock. Restricted Stock granted under the Plan may be evidenced in such manner as the Board shall determine. If certificates representing shares of Restricted Stock are registered in the name of the Participant, certificates must bear
an appropriate legend referring to the terms, conditions, and restrictions applicable to such Restricted Stock, and the Company shall retain physical possession of the certificate until such time as all applicable restrictions lapse. 

ARTICLE 11 DIVIDEND EQUIVALENTS 
 11.1. Grant of Dividend Equivalents. The Board is authorized to grant Dividend Equivalents to Participants subject to such terms and conditions as may be selected by the Board. Dividend
Equivalents shall entitle the Participant to receive payments equal to dividends with respect to all or a portion of the number of shares of Stock subject to an Option Award or SAR Award, as determined by the Board. The Board may provide that
Dividend Equivalents be paid or distributed when accrued or be deemed to have been reinvested in additional shares of Stock, or otherwise reinvested. 
 ARTICLE 12 OTHER STOCK-BASED AWARDS 
 12.1. Grant of Other Stock-Based
Awards. The Board is authorized, subject to limitations under applicable law, to grant to Participants such other Awards that are payable in, valued in whole or in part by reference to, or otherwise based on or related to shares of Stock, as
deemed by the Board to be consistent with the purposes of the Plan, including without limitation shares of Stock awarded purely as a “bonus” and not subject to any restrictions or conditions, convertible or exchangeable debt securities,
other rights convertible or exchangeable into shares of Stock, and Awards valued by reference to book value of shares of Stock or the value of securities of or the performance of specified Subsidiaries. The Board shall determine the terms and
conditions of such Awards. 
 ARTICLE 13 PROVISIONS APPLICABLE TO AWARDS 

13.1. Stand-Alone, Tandem, and Substitute Awards. Awards granted under the Plan may, in the discretion of the Board, be
granted either alone or in addition to, in tandem with, or in substitution for, any other Award granted under the Plan. If an Award is granted in substitution for another Award, the Board may require the surrender of such other Award in
consideration of the grant of the new Award. Awards granted in addition to or in tandem with other Awards may be granted either at the same time as or at a different time from the grant of such other Awards. 

13.2. Exchange Provisions. The Board may at any time offer to exchange or buy out any previously granted Award for a payment
in cash, Stock, or another Award (subject to Section 13.1), based on the terms and conditions the Board determines and communicates to the Participant at the time the offer is made. 

 13.3. Term of Award. The term of each Award shall be for the period as
determined by the Board, provided that in no event shall the term of any Incentive Stock Option or a Stock Appreciation Right granted in tandem with the Incentive Stock Option exceed a period of ten (10) years from the date of its grant.

 13.4. Form of Payment for Awards. Subject to the terms of the Plan and any applicable law or Award Agreement,
payments or transfers to be made by the Company or a Subsidiary on the grant or exercise of an Award may be made in such forms as the Board determines at or after the time of grant, including without limitation, cash, Stock, other Awards, or other
property, or any combination, and may be made in a single payment or transfer, in installments, or on a deferred basis, in each case determined in accordance with rules adopted by, and at the discretion of, the Board. The Board may also authorize
payment in the exercise of an Option by net issuance or other cashless exercise methods. 
 13.5. Limits on
Transfer. Unless the Board provides otherwise, (i) no right or interest of a Participant in any Award may be pledged, encumbered, or hypothecated to or in favor of any party other than the Company or a Subsidiary, or shall be subject to any
lien, obligation, or liability of such Participant to any other party other than the Company or a Subsidiary, and (ii) no Award shall be assignable or transferable by a Participant other than by will or the laws of descent and distribution.

 13.6 Beneficiaries. Notwithstanding Section 13.5, a Participant may, in the manner determined by the Board,
designate a beneficiary to exercise the rights of the Participant and to receive any distribution with respect to any Award upon the Participant’s death. A beneficiary, legal guardian, legal representative, or other person claiming any rights
under the Plan is subject to all terms and conditions of the Plan and any Award Agreement applicable to the Participant, except to the extent the Plan and Award Agreement otherwise provide, and to any additional restrictions deemed necessary or
appropriate by the Board. If the Participant is married and resides in a jurisdiction in which community property laws apply, a designation of a person other than the Participant’s spouse as his beneficiary with respect to more than
50 percent of the Participant’s interest in the Award shall not be effective without the written consent of the Participant’s spouse. If no beneficiary has been designated or survives the Participant, payment shall be made to the
person entitled thereto under the Participant’s will or the laws of descent and distribution. Subject to the foregoing, a beneficiary designation may be changed or revoked by a Participant at any time provided the change or revocation is filed
with the Board. 
 13.7. Stock Certificates. All Stock certificates delivered under the Plan are subject to any
stop-transfer orders and other restrictions as the Board deems necessary or advisable to comply with federal or state securities laws, rules and regulations and the rules of any national securities exchange or automated quotation system on which the
Stock is listed, quoted, or traded. The Board may place legends on any Stock certificate to reference restrictions applicable to the Stock. 
 13.8. Tender Offers. In the event of a public tender for all or any portion of the Stock, or in the event that a proposal to merge, consolidate, or otherwise combine with another Hypercom is
submitted for stockholder approval, the Board may in its sole discretion declare previously granted Options to be immediately exercisable. To the extent that this provision causes Incentive Stock Options to exceed the dollar limitation set forth in
Section 7.2(d), the excess Options shall be deemed to be Non-Qualified Stock Options. 

 13.9. Change of Control. A Change of Control shall, in the sole discretion of
the Board: 
 (a) Cause every Award outstanding hereunder to become fully exercisable and all restrictions
on outstanding Awards to lapse and allow each Participant the right to exercise Awards prior to the occurrence of the event otherwise terminating the Awards over such period as the Board, in its sole and absolute discretion, shall determine. To the
extent that this provision causes Incentive Stock Options to exceed the dollar limitation set forth in Section 7.2(d), the excess Options shall be deemed to be Non-Qualified Stock Options; or 

(b) Cause every Award outstanding hereunder to terminate, provided that the surviving or resulting corporation shall
tender an option or options to purchase its shares or exercise such rights on terms and conditions, as to the number of shares, rights or otherwise, which shall substantially preserve the rights and benefits of any Award then outstanding hereunder.

 ARTICLE 14 CHANGES IN CAPITAL STRUCTURE 
 14.1. General. In the event a stock split or stock dividend is declared upon the Stock, the shares of Stock available for grant under the Plan and the shares of Stock available for grant under
the Plan and the shares of Stock then subject to each Award (and the number of shares subject thereto) shall be increased proportionately without any change in the aggregate purchase price therefor. Subject to Section 13.9, in the event the
Stock shall be changed into or exchanged for a different number or class of shares of Stock or of shares of another corporation, whether through reorganization, recapitalization, stock split-up or combination of shares, there shall be substituted
for each such share of Stock then subject to each Award (and for each share of Stock then subject thereto) the number and class of shares of Stock into which each outstanding share of Stock shall be so exchanged, all without any change in the
aggregate purchase price for the shares then subject to each Award. 
 ARTICLE 15 AMENDMENT, MODIFICATION AND TERMINATION 

15.1. Amendment, Modification and Termination. With the approval of the Board, at any time and from time to time, the Board
may terminate, amend or modify the Plan. However, without approval of the stockholders of the Company or other conditions (as may be required by the Code, by the insider trading rules of Section 16 of the Exchange Act, by any national
securities exchange or system on which the Stock is listed or reported, or by a regulatory body having jurisdiction), no such termination, amendment, or modification may: 

(a) Materially increase the total number of shares of Stock that may be issued under the Plan, except as provided in
Section 14.1; 
 (b) Materially modify the eligibility requirements for participation in the Plan;

 or 
 (c) Materially increase the benefits accruing to Participants under the Plan. 

15.2. Awards Previously Granted. No termination, amendment, or modification of the Plan shall adversely affect in any
material way any Award previously granted under the Plan, without the written consent of the Participant. 
 ARTICLE 16 GENERAL PROVISIONS

 16.1. No Rights to Awards. No Participant or employee or consultant shall have any claim to be granted any Award
under the Plan, and neither the Company nor the Board is obligated to treat Participants and employees or consultants uniformly. 

 16.2. No Stockholders Rights. No Award gives the Participant any of the rights
of a stockholder of the Company unless and until shares of Stock are in fact issued to such person in connection with such Award. 
 16.3. Withholding. The Company or any Subsidiary shall have the authority and the right to deduct or withhold, or require a Participant to remit to the Company, an amount sufficient to satisfy
United States Federal, state, and local taxes (including the Participant’s FICA obligation and any withholding obligation imposed by any country other than the United States in which the Participant resides) required by law to be withheld with
respect to any taxable event arising as a result of this Plan. With respect to withholding required upon any taxable event under the Plan, Participants may elect, subject to the Board’s approval, to satisfy the withholding requirement, in whole
or in part, by having the Company or any Subsidiary withhold shares of Stock having a Fair Market Value on the date of withholding equal to the amount to be withheld for tax purposes in accordance with such procedures as the Board establishes. The
Board may, at the time any Award is granted, require that any and all applicable tax withholding requirements be satisfied by the withholding of shares of Stock as set forth above. 

16.4. No Right to Employment. Nothing in the Plan or any Award Agreement shall interfere with or limit in any way the right
of the Company or any Subsidiary to terminate any Participant’s employment at any time, nor confer upon any Participant any right to continue in the employ of the Company or any Subsidiary. 

16.5. Unfunded Status of Awards. The Plan is intended to be an “unfunded” plan for incentive and deferred
compensation. With respect to any payments not yet made to a Participant pursuant to an Award, nothing contained in the Plan or any Award Agreement shall give the Participant any rights that are greater than those of a general creditor of the
Company or any Subsidiary. 
 16.6. Indemnification. To the extent allowable under applicable law, each member of
the Committee or of the Board shall be indemnified and held harmless by the Company from any loss, cost, liability, or expense that may be imposed upon or reasonably incurred by such member in connection with or resulting from any claim, action,
suit, or proceeding to which he or she may be a party or in which he or she may be involved by reason of any action or failure to act under the Plan and against and from any and all amounts paid by him or her in satisfaction of judgment in such
action, suit, or proceeding against him or her provided he or she gives the Company an opportunity, at its own expense, to handle and defend the same before he or she undertakes to handle and defend it on his or her own behalf. The foregoing right
of indemnification shall not be exclusive of any other rights of indemnification to which such persons may be entitled under the Company’s Certificate of Incorporation or By-Laws, as a matter of law, or otherwise, or any power that the Company
may have to indemnify them or hold them harmless. 
 16.7. Relationship to Other Benefits. No payment under the Plan
shall be taken into account in determining any benefits under any pension, retirement, savings, profit sharing, group insurance, welfare or other benefit plan of the Company or any Subsidiary. 

16.8. Expenses. The expenses of administering the Plan shall be borne by the Company and its Subsidiaries. 

16.9. Titles and Headings. The titles and headings of the Sections in the Plan are for convenience of reference only, and in
the event of any conflict, the text of the Plan, rather than such titles or headings, shall control. 

 16.10. Fractional Shares. No fractional shares of stock shall be issued and the
Board shall determine, in its discretion, whether cash shall be given in lieu of fractional shares or whether such fractional shares shall be eliminated by rounding up. 
 16.11. Securities Law Compliance. With respect to any person who is, on the relevant date, obligated to file reports under Section 16 of the Exchange Act, transactions under this Plan are
intended to comply with all applicable conditions of Rule 16b-3 or its successors under the Exchange Act. To the extent any provision of the Plan or action by the Board fails to so comply, it shall be void to the extent permitted by law and
voidable as deemed advisable by the Board, and such provision or action shall be deemed to be modified so as to comply with Rule 16b-3. 
 16.12. Government and Other Regulations. The obligation of the Company to make payment of awards in Stock or otherwise shall be subject to all applicable laws, rules, and regulations, and to
such approvals by government agencies as may be required. The Company shall be under no obligation to register under the Securities Act of 1933, as amended, any of the shares of Stock issued under the Plan. If the shares issued under the Plan may in
certain circumstances be exempt from registration under such act, the Company may restrict the transfer of such shares in such manner as it deems advisable to ensure the availability of any such exemption. 

16.13. Governing Law. The Plan and all Award Agreements shall be construed in accordance with and governed by the laws of the
State of Arizona.

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