Document:

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                                                                    EXHIBIT 10.4

                       CANADIAN IMPERIAL BANK OF COMMERCE

                                     - and -

                       NATIONAL DATA PAYMENT SYSTEMS, INC.

                                     - and -

                              GLOBAL PAYMENTS INC.

                                     - and -

                           GLOBAL PAYMENTS CANADA INC.

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                              TRANSITION AGREEMENT

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                                TABLE OF CONTENTS
                                                                            Page

ARTICLE 1    INTERPRETATION..................................................1

1.1          Definitions.....................................................1

1.2          Headings and References.........................................3

1.3          Number and Gender...............................................3

1.4          Business Days...................................................3

1.5          Currency and Payment Obligations................................3

1.6          Statute References..............................................3

1.7          Section and Schedule References.................................4

1.8          Parties.........................................................4

ARTICLE 2    SERVICES........................................................4

2.1          Scope of Services...............................................4

2.2          Billing Services................................................4

2.3          Performance of Services.........................................4

2.4          Compliance with Directions......................................5

2.5          Subcontracting of Transition Services...........................5

2.6          Use of Software.................................................5

2.7          Changes to Procedures...........................................6

2.8          Changes in Law, etc.............................................6

2.9          Problem Notification............................................6

2.10         Root-Cause Analysis and Resolution..............................6

ARTICLE 3    PAYMENT FOR SERVICES............................................7

3.1          Fees for Services...............................................7

3.2          Reimbursement of Fees and Expenses..............................7

3.3          Credit for Aggregate Employee Retention Award...................7

3.4          Invoices........................................................7

3.5          Payment.........................................................7

3.6          Applicable Taxes................................................7

3.7          Withholding Taxes...............................................8

3.8          Disputed Fees...................................................8

ARTICLE 4    RELATIONSHIP BETWEEN THE PARTIES................................8

4.1          Transition Representatives......................................8

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                                TABLE OF CONTENTS
                                   (continued)

                                                                            Page

4.2          Communications..................................................8

4.3          Bank Reports....................................................8

4.4          Confidentiality and Ownership of Data...........................9

4.5          Bank Service Locations..........................................9

ARTICLE 5    TRANSITION......................................................9

5.1          Transition......................................................9

5.2          Transition Plan.................................................9

ARTICLE 6    EMPLOYEES.......................................................9

6.1          Supervision of Employees........................................9

6.2          Terms of Employment of Transition Employees....................10

ARTICLE 7    DISCLAIMER OF WARRANTY.........................................10

7.1          No Warranty....................................................10

ARTICLE 8    LIMITATION OF LIABILITY AND INDEMNIFICATION....................10

8.1          Limitation of Liability........................................10

8.2          Force Majeure..................................................10

8.3          Indemnification................................................11

8.4          Recovery.......................................................11

8.5          Reimbursement for Unrecovered Chargebacks and Credit Losses....11

ARTICLE 9    TERM AND TERMINATION...........................................13

9.1          Term of Agreement..............................................13

9.2          Termination of a Transition Service............................13

9.3          Business Recovery Plan.........................................13

9.4          Bank Default...................................................13

9.5          NDPS/GPI Canada Default........................................14

9.6          Notice of Default..............................................14

9.7          Remedies of NDPS and GPI Canada................................14

9.8          Remedies of the Bank...........................................15

9.9          Non-Exclusive Remedies.........................................15

9.10         Equitable Remedies.............................................15

9.11         Assignment of Three Party Agreements...........................15

9.12         Consequences of Failure to Implement Transition Plan...........16

                                      -ii-
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                                TABLE OF CONTENTS
                                   (continued)

                                                                            Page

ARTICLE 10   SOFTWARE RIGHTS ON TERMINATION.................................16

10.1         Software.......................................................16

ARTICLE 11   GENERAL........................................................17

11.1         PeriPheron Thermal Printers....................................17

11.2         Dispute Resolution.............................................17

11.3         Contracts and Invoicing........................................17

11.4         Independent Contractor.........................................17

11.5         Entire Agreement; Amendment....................................18

11.6         Severability...................................................18

11.7         Further Assurances.............................................18

11.8         Successors and Assigns.........................................18

11.9         Modification and Waiver........................................18

11.10        Notices........................................................19

11.11        Governing Law; Interpretation..................................20

11.12        Consent to Jurisdiction........................................20

11.13        Third-Party Beneficiaries......................................21

11.14        Time of Essence................................................21

11.15        Counterparts...................................................21

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                              TRANSITION AGREEMENT

                  This TRANSITION AGREEMENT, dated as of the 20 day of March,
2001, between CANADIAN IMPERIAL BANK OF COMMERCE, a bank chartered under the
laws of Canada (the "BANK"), NATIONAL DATA PAYMENT SYSTEMS, INC., a New York
corporation ("NDPS"), GLOBAL PAYMENTS CANADA INC., an Ontario corporation ("GPI
CANADA") and GLOBAL PAYMENTS INC. ("GLOBAL PAYMENTS") as the guarantor of the
obligations of NDPS and GPI Canada hereunder, as described on the last page of
this Agreement.

                  WHEREAS the Bank and NDPS (and National Data Corporation and
Global Payments as guarantors of NDPS' obligations) entered into an asset
purchase agreement dated November 9, 2000 (the "ASSET PURCHASE Agreement"),
pursuant to which the Bank agreed to sell to NDPS, or an Affiliate of NDPS, the
Assets Sold (as defined in the Asset Purchase Agreement);

                  AND WHEREAS the Bank, GPI Canada and NDPS (and Global Payments
as the guarantor of the obligations of GPI Canada and NDPS) have entered into a
marketing alliance agreement dated the date hereof (the "MARKETING ALLIANCE
AGREEMENT") which sets out their respective rights and obligations in connection
with the Merchant Business (as defined in the Asset Purchase Agreement) from and
after the Closing Date;

                  AND WHEREAS, prior to the Closing Date, the Bank provided
various support services to the Merchant Business, which the Bank intends to
provide to NDPS and GPI Canada on a transitional basis pursuant to the terms of
this Agreement to assist NDPS and GPI Canada in performing the NDPS Services
which include certain services to be provided by the Bank to Merchants;

                  AND WHEREAS the execution and delivery of this Transition
Agreement by the Bank and NDPS is a condition precedent to the completion of the
transactions contemplated in the Asset Purchase Agreement;

                  NOW, THEREFORE, in consideration of the closing of the
transactions contemplated by the Asset Purchase Agreement and the mutual
covenants and agreements set forth herein, the Bank, GPI Canada and NDPS agree
as follows:

                                    ARTICLE I
                                 INTERPRETATION

1.1                DEFINITIONS. In this Agreement and in any Schedules hereto,
unless the context otherwise requires, the following terms shall have the
meanings set forth below. Capitalized terms used in this Agreement without
definition shall have the meaning ascribed thereto in the Marketing Alliance
Agreement.

                  "ADDITIONAL COSTS" has the meaning set forth in Section 3.3;
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                                      -2-

                  "AGREEMENT" means this agreement and the schedules attached
hereto as it or they may be amended or supplemented from time to time, and the
expressions "hereof", "herein", "hereto", "hereunder", or "hereby" and similar
expressions refer to this Agreement and not to any particular section or other
portion of this Agreement;

                  "ASSET PURCHASE AGREEMENT" has the meaning set forth in the
recitals;

                  "ASSETS SOLD" has the meaning set forth in the Asset Purchase
Agreement;

                  "BANK DEFAULT" has the meaning set forth in Section 9.4;

                  "BUSINESS RECOVERY PLAN" has the meaning set forth in Section
9.3;

                  "CLIENT RELATIONS REPRESENTATIVE" has the meaning set forth in
Section 4.1;

                  "CLOSING" has the meaning set forth in the Asset Purchase
Agreement;

                  "CLOSING DATE" has the meaning set forth in the Asset Purchase
Agreement;

                  "DIRECTION" means a direction by NDPS and/or GPI Canada to the
Bank with respect to the manner in which a Transition Service is performed;

                  "EFFECTIVE TIME" has the meaning set forth in the Asset
Purchase Agreement;

                  "EMPLOYEE NOTICE" has the meaning set forth in Section 9.2;

                  "EMPLOYMENT-RELATED CLAIMS" has the meaning set forth in
Section 6.3;

                  "INTRIA TRANSITION SERVICES" has the meaning set forth in
Schedule 2.1;

                  "LEGAL CHANGE" has the meaning set forth is Section 2.8;

                  "NDPS DEFAULT" has the meaning set forth in Section 9.5;

                  "NDPS DESIGNATE" has the meaning set forth in Section 9.11;

                  "OSFI" has the meaning set forth in Section 9.3;

                  "PAYROLL SERVICES" has the meaning set forth in Section 6.3;

                  "PERIPHERON" has the meaning set forth in Section 11.1;

                  "PRIME RATE" means the commercial lending rate of interest
which the Canadian Imperial Bank of Commerce quotes in Toronto as the reference
rate of interest (commonly known as "prime") for purposes of determining the
rate of interest that it charges to its commercial customers for loans in
Canadian funds;

                  "SERVICE LEVELS" has the meaning set forth in Section 2.3;
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                                      -3-

                  "STANDARD OF CARE" has the meaning set forth in Section 2.3;

                  "TERM" means, in respect of a Transition Service, the
twenty-four (24) month period commencing on the Closing Date and ending on the
second anniversary of the Closing Date;

                  "TERMINATION NOTICE" has the meaning set forth in Section 9.2;

                  "THREE PARTY AGREEMENTS" has the meaning set forth in the
Asset Purchase Agreement;

                  "TRANSFERRED EMPLOYEES" has the meaning set forth in the Asset
Purchase Agreement;

                  "TRANSITION DATE" means, in respect of a Transition Service,
the date on which such Transition Service is terminated in accordance with this
Agreement;

                  "TRANSITION EMPLOYEES" has the meaning set forth in the Asset
Purchase Agreement;

                  "TRANSITION PERIOD" has the meaning set forth in Section 2.1;

                  "TRANSITION PLAN" has the meaning set forth in Section 5.2;

                  "TRANSITION SERVICE" and "TRANSITION SERVICES" have the
meanings set forth in Section 2.1; and

                  "TRANSITION SUPPORT SERVICE" and "TRANSITION SUPPORT SERVICES"
have the meanings set forth in Schedule 3.1.

1.2               HEADINGS AND REFERENCES. The division of this Agreement into
Articles and Sections, the insertion of headings, and the provision of any table
of contents are for convenience of reference only and shall not affect the
construction or interpretation of this Agreement.

1.3               NUMBER AND GENDER. Unless the context requires otherwise,
words importing the singular include the plural and vice versa and words
importing gender include all genders.

1.4               BUSINESS DAYS. If any payment is required to be made or other
action is required to be taken pursuant to this Agreement on a day which is not
a Business Day, then such payment or action shall be made or taken on the next
Business Day.

1.5               CURRENCY AND PAYMENT OBLIGATIONS. Except as otherwise
expressly provided in this Agreement, all statements of or references to dollar
amounts in this Agreement are to lawful money of Canada.

1.6               STATUTE REFERENCES. Any reference in this Agreement to any
statute or any section thereof shall, unless otherwise expressly stated, be
deemed to be a reference to such statute or section as amended, restated or
re-enacted from time to time.
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                                      -4-

1.7              SECTION AND SCHEDULE REFERENCES. Unless the context requires
otherwise, references in this Agreement to Sections or Schedules are to
Sections, or Schedules of this Agreement. The Schedules to this Agreement form
part of this Agreement and are as follows:

SCHEDULES

Schedule 2.1      -     Transition Services
Schedule 2.2      -     Service Levels
Schedule 3.1      -     Fees
Schedule 4.1      -     Client Relations Representatives
Schedule 9.11     -     Three Party Agreements

1.8               PARTIES. GPI Canada is a party to this Agreement for the
purposes of exercising such rights and fulfilling such obligations that relate
to the performance of the business of acquiring and leasing point-of-sale
terminals to Merchants and acting as an independent sales organization to the
extent that such activities relate to the conduct of the Merchant Business, and
all references to "NDPS and/or GPI Canada" herein shall be interpreted to mean
the relevant party as the context requires, provided that NDPS guarantees the
obligations of GPI Canada in accordance with the provisions of the last page of
this Agreement.

                                    ARTICLE 2
                                    SERVICES

2.1               SCOPE OF SERVICES. Upon the terms and subject to the
conditions of this Agreement, the Bank, to the extent requested by NDPS and/or
GPI Canada, shall provide to NDPS and/or GPI Canada the services relating to the
Merchant Business described in SCHEDULE 2.1 hereto (each, individually, a
"TRANSITION SERVICE" and collectively, the "TRANSITION SERVICES"), each such
Transition Service to be provided during the Term for such Transition Service,
unless the Term for such Transition Service is otherwise terminated in
accordance with Article 9. For greater certainty, without limiting the
foregoing, in no circumstances shall the Term during which the Bank is to
provide a Transition Service under this Agreement extend for a period longer
than twenty-four (24) months following the Closing Date (the "TRANSITION
PERIOD"), except as otherwise agreed in writing by the Bank, NDPS and/or GPI
Canada.

2.2               BILLING SERVICES. NDPS and GPI Canada hereby direct the Bank
to act as its billing intermediary and issue invoices directly to Merchants in
respect of the supply of services by NDPS and GPI Canada pursuant to the
Merchant Agreements. All amounts payable under any invoices issued to Merchants
under this Section 2.2, including all applicable taxes, shall be paid by the
Merchants directly to NDPS and NDPS and/or GPI Canada shall remit all applicable
taxes to the appropriate taxing authority.

2.3               PERFORMANCE OF SERVICES. The Bank agrees to: (a) provide the
Transition Services in a prompt, and efficient manner; (b) use due care in
performing all Transition Services hereunder in the ordinary course of the
Merchant Business and in accordance with good business practices and management
techniques; and (c) use Commercially Reasonable Efforts to comply
<PAGE>

                                      -5-

with the service levels set forth on SCHEDULE 2.3 (the "SERVICE Levels"), as
applicable ((a), (b) and (c) collectively, the "STANDARD OF CARE"). NDPS and GPI
Canada agree that the Bank shall be deemed to have provided the Transition
Services in accordance with the Standard of Care if the Bank performs such
Transition Services in substantially the same manner as such services were
performed during the twelve (12) month period immediately preceding the Closing
Date. Within 60 days of the Closing Date, the Bank shall, with input and
assistance from NDPS and/or GPI Canada, provide NDPS and/or GPI Canada with a
schedule of the primary service levels achieved by the Bank during the twelve
(12) month period immediately preceding the Closing Date, such service levels
shall serve as the basis for the deemed performance in accordance with the
Standard of Care as described in the preceding sentence. The Bank agrees to: (a)
comply with all applicable Laws, Association Rules and Clearing System Rules,
including, but not limited to, those concerning the processing of Chargebacks
and Credit Losses, dispute resolution and arbitration; and (b) use Commercially
Reasonable Efforts to ensure that Transferred Employees have access to e-mail.

2.4                COMPLIANCE WITH DIRECTIONS. The Bank acknowledges that NDPS
and GPI Canada have an interest in the manner in which the Bank performs the
Transition Services and operates the division responsible for performing such
Transition Services as such performance and operations has a direct impact on
the profitability of the Merchant Business. The Bank agrees that it shall in
good faith give due and timely consideration to all Directions that are provided
to the Bank by the Client Relations Representative of NDPS and GPI Canada, or a
designate of such Person, and to meet regularly with such Client Relations
Representative to discuss such Directions. In the event that the Bank follows a
Direction and, as a result of following such Direction, fails to perform the
Transition Services in substantially the same manner as such services were
performed during the twelve (12) month period immediately preceding the Closing
Date, NDPS and GPI Canada acknowledge and agree that such failure to meet the
Standard of Care shall not be considered a Bank Default, notwithstanding
anything to the contrary in this Agreement.

2.5               SUBCONTRACTING OF TRANSITION SERVICES. The Bank shall have the
right to subcontract any of the Transition Services that, prior to the Closing
Date, were performed by Intria-HP Corporation and Intria Items Inc. The Bank
acknowledges and agrees that it shall not subcontract any other Transition
Services without the prior written approval of NDPS and/or GPI Canada, such
approval not to be unreasonably withheld. NDPS and GPI Canada acknowledge and
agree that they shall not have a direct contractual relationship with any of the
subcontractors hired by the Bank to perform the Transition Services. The Bank
shall use Commercially Reasonable Efforts to give NDPS and/or GPI Canada the
benefit of any cost reductions or savings the Bank receives from any
subcontractors, including Intria-HP Corporation and Intria Items Inc.

2.6               USE OF SOFTWARE. Each of NDPS and GPI Canada, as the owners of
any and all software included in the Assets Sold, consents to the execution,
use, access and copying of such software by the Bank and its Affiliates,
provided that any such execution, use, access or copying by the Bank or its
Affiliates is done solely for the purposes, and in accordance with the terms, of
this Agreement.
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                                      -6-

2.7               CHANGES TO PROCEDURES. The Bank shall have the right to change
the procedures it uses in performing the Transition Services from time to time
upon the mutual agreement of the parties.

2.8               CHANGES IN LAW, ETC. The Bank shall, with the co-operation and
assistance of NDPS and/or GPI Canada, identify and assess the impact on the
Transition Services of a change in applicable Laws, Association Rules or
Clearing System Rules that relate to the Transition Services (a "LEGAL CHANGE").
If NDPS, GPI Canada or the Bank becomes aware of an impending or actual Legal
Change, it shall notify the other parties of such Legal Change and provide an
assessment of its impact. The parties shall in good faith attempt to agree upon
any required modifications to the Transition Services required as a result of a
Legal Change. While the Bank is making any agreed upon modifications resulting
from a Legal Change, the Bank shall use Commercially Reasonable Efforts to
continue to provide the Transition Services at the specified Service Levels. If,
however, such Legal Change prevents the Bank from meeting the Service Levels,
the Bank shall use its Commercially Reasonable Efforts to arrange a reasonable
solution that gives effect to the intent of this Agreement as closely as
practicable and that delivers the Transition Services in the most commercially
reasonable manner in the circumstances. If such Legal Change materially affects
the Bank's cost of providing the Transition Services, the Bank, NDPS and/or GPI
Canada shall in good faith negotiate an adjustment of the applicable Service
Levels.

2.9               PROBLEM NOTIFICATION. The Bank shall notify NDPS and GPI
Canada in the event that the Bank becomes aware of an event, occurrence, error,
defect or malfunction materially affecting the ability of the Bank to perform
the Transition Services. NDPS and/or GPI Canada shall notify the Bank in the
event that either GPI Canada or NDPS, as the case may be, becomes aware of an
event, occurrence, error, defect or malfunction materially affecting the ability
of the Bank to perform the Transition Services. Failure by NDPS or GPI Canada to
give any notice pursuant to this Section 2.9 relating to a problem affecting the
Bank shall not relieve the Bank of any liability hereunder. If more than one
problem arises or occurs at one time, the parties shall mutually agree upon the
order of priority in which the problems are to be addressed and resolved.

2.10              ROOT-CAUSE ANALYSIS AND RESOLUTION. The Bank shall, promptly
after:

                  (a)   any material failure of the Bank to provide any of the
                        Transition Services in accordance with this Agreement;
                        or

                  (b)   the Bank's repeated failure to provide any of the
                        Transition Services in accordance with this Agreement,

and in any event within three (3) days of receipt of a notice from NDPS and/or
GPI Canada in respect thereof, commence an analysis to identify the cause of
such failure; and as soon as commercially reasonable thereafter provide a report
detailing the cause of, and procedure for correcting, such failure. In addition,
the Bank shall deliver to NDPS and/or GPI Canada within a commercially
reasonable time a corrective action plan that addresses actions to be taken in
an effort to try to avoid a recurrence of such failure.
<PAGE>

                                      -7-

                                    ARTICLE 3
                              PAYMENT FOR SERVICES

3.1               FEES FOR SERVICES. NDPS and/or GPI Canada shall pay to the
Bank the amounts set forth and calculated in accordance with Schedule 3.1 in
consideration for the Transition Services.

3.2               REIMBURSEMENT OF FEES AND EXPENSES. The parties hereto
acknowledge and agree that in connection with the provision of the Transition
Services in accordance with the terms of this Agreement, the Bank may incur
costs in modifying the physical facilities (for example, new locks and doors)
and technology infrastructure (for example, network security and isolating the
e-mail environment) used by the Merchant Business and setting up adequate
systems and protections (the "ADDITIONAL COSTS"). NDPS and/or GPI Canada agree
that they shall, in addition to their other payment obligations pursuant to this
Article 3, reimburse the Bank for fifty percent (50%) of the Additional Costs
reasonably incurred by the Bank, provided that the Bank has provided NDPS and/or
GPI Canada with 60 days' notice of its need to incur such Additional Costs, such
notice to include an estimate of the Additional Costs to the extent practicable.
For greater certainty, such Additional Costs shall not include any costs
relating to the migration of the technology platform for the Merchant Business
by NDPS and/or GPI Canada.

3.3               CREDIT FOR AGGREGATE EMPLOYEE RETENTION AWARD. The amount
payable to the Bank by NDPS and/or GPI Canada as compensation for the Transition
Services shall be reduced by a one-time credit of $17,183.00.

3.4               INVOICES. The Bank shall deliver, within twenty-one days after
the end of each calendar month, an invoice to NDPS for all amounts payable by
NDPS and/or GPI Canada to the Bank as compensation for Transition Services
performed in the preceding calendar month and any Additional Costs incurred in
the preceding calendar month.

3.5               PAYMENT. Payment of the amounts specified on an invoice
delivered in accordance with Section 3.4 shall be due on the 60th day after the
end of the calendar month to which the invoice relates. The Bank reserves the
right to charge interest on all amounts not paid when due at the Prime Rate or
the maximum rate allowed by law, if less. If amounts specified on an invoice are
disputed and withheld by NDPS and/or GPI Canada, and it is later determined that
such amounts were accurately charged, NDPS and/or GPI Canada will pay such
amount together with the interest thereon determined in accordance with this
Section 3.5 from the date on which payment under such invoice was otherwise due.

3.6               APPLICABLE TAXES. The parties understand that the Transition
Services are not subject to tax under Part IX of the Excise Tax Act (Canada) and
the Act Respecting the Quebec Sales Tax (Quebec) pursuant to Schedule VI, Part
V, Section 7 to the Excise Tax Act (Canada). The parties covenant and agree
that, in any event, they shall cooperate to contest any assessment of goods and
services taxes and to minimize the amount of goods and services tax payable. In
the event that goods and services taxes, or any other taxes, are payable in
connection with the Transition Services and this Agreement, NDPS and/or GPI
Canada shall pay to the Bank all
<PAGE>

                                      -8-

applicable sales, value added, use and other taxes (other than income and any
withholding taxes) required under applicable Laws to be paid to the Bank in
respect of the fees payable for Transition Services, including, without
limitation, provincial sales taxes and goods and services taxes.

3.7               WITHHOLDING TAXES. In the event that NDPS does not obtain a
waiver from the Canadian Customs and Revenue Authority ("CCRA") or such other
applicable taxing authority of both: (a) the requirement for the Bank to
withhold and remit applicable withholding tax under Regulation 105 of the Income
Tax Act (Canada); and (b) if applicable, the equivalent requirement under
applicable Quebec tax legislation with respect to any amounts to be transferred
by the Bank to NDPS and/or GPI Canada in connection with the Transition
Services, the Bank shall make such withholdings and remit such amounts to the
CCRA or such other applicable taxing authority as are required under the
legislative requirements that the CCRA or such other applicable taxing authority
has not so waived.

3.8               DISPUTED FEES. NDPS and/or GPI Canada shall notify the Bank
within 120 days of receipt of an invoice of any disputed amounts or the Bank,
and, subject to any adjustments described in Schedule 3.1, NDPS and GPI Canada
shall be deemed to have agreed with the invoice. In the event of any dispute
with respect to the matters set forth in this Article 3, the parties agree that
such dispute shall be settled in accordance with the dispute resolution
mechanism set out in Section 22 of the Marketing Alliance Agreement.

                                   ARTICLE 4
                        RELATIONSHIP BETWEEN THE PARTIES

4.1               TRANSITION REPRESENTATIVES. Each of the Bank, individually,
and NDPS and GPI Canada, collectively, shall designate, from time to time, a
representative responsible for implementing the provisions of this Agreement and
all communications with the other parties relating to the subject matter of this
Agreement. Until such time as the Bank, or NDPS and GPI Canada, may change their
Client Relations Representative by written notice, the initial Client Relations
Representatives for the Bank, individually, and NDPS and GPI Canada,
collectively, are those individuals set forth in SCHEDULE 4.1.

4.2               COMMUNICATIONS. NDPS, GPI Canada and the Bank agree to provide
all reasonable technical or other information required by the other parties in
connection with the performance of the Transition Services, and the assumption
of responsibility for the performance of the Transition Services by NDPS and/or
GPI Canada and their designated third party providers. The Client Relations
Representatives, or their designates, shall communicate on a regular basis with
respect to the performance of the Transition Services and the implementation of
the Transition Plan and shall act as a liaison between the parties hereto. The
Client Relations Representative of each party hereto, or their designates, shall
be responsible for answering or addressing inquiries or concerns of the other
parties, such inquiries or concerns to be addressed within a reasonable period
of time.
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                                      -9-

4.3               BANK REPORTS. The Bank shall provide to NDPS and/or GPI Canada
such reports as the parties shall mutually agree upon from time to time. The
reasonable costs of such reporting shall be borne by NDPS and/or GPI Canada,
except for the costs associated with any reports that are generated in the
Ordinary Course of the Bank's business without additional cost or undue burden
to the Bank.

4.4               CONFIDENTIALITY AND OWNERSHIP OF DATA. The parties agree that
the terms and conditions of the Marketing Alliance Agreement relating to NDPS
Data, Bank Data and Confidentiality, including but not limited to, Sections
10.4, 10.5, 10.7, 11 and 23.11, shall apply to any NDPS Data or Bank Data
obtained or accessed by another party during the Transition Period.

4.5               BANK SERVICE LOCATIONS. The parties acknowledge and agree that
terms and conditions of the Marketing Alliance Agreement relating to Bank
Service Locations, including, but not limited to, Sections 10.6 and 10.8, shall
apply during the Transition Period and NDPS and/or GPI Canada shall be entitled
to exercise of the rights granted thereunder.

                                    ARTICLE 5
                                   TRANSITION

5.1               TRANSITION. NDPS, GPI Canada and the Bank agree to use their
Commercially Reasonable Efforts to effect an orderly operation or transition of
the relevant functions of the Merchant Business during the Transition Period.
The Bank agrees to offer NDPS and GPI Canada reasonable conversion assistance
and consultation in effecting this transition.

5.2               TRANSITION PLAN. NDPS and/or GPI Canada shall develop a
tentative plan (the "TRANSITION PLAN") and shall use Commercially Reasonable
Efforts to deliver to the Bank a copy of such Transition Plan, by the date that
is 120 days following the Closing Date, such Transition Plan to provide for an
orderly method under which NDPS and/or GPI Canada or a third party provider
shall assume responsibility for the performance of the Transition Services. The
Bank shall provide information and assistance to NDPS and/or GPI Canada in the
formulation of the Transition Plan, to the extent reasonably requested by NDPS
and/or GPI Canada. NDPS and GPI Canada shall use Commercially Reasonable Efforts
to implement the Transition Plan and to ensure that such implementation does not
adversely affect the Bank or its ability to provide any of the Transition
Services. In the event that NDPS and/or GPI Canada make any changes to the
Transition Plan, NDPS and/or GPI Canada agree to notify the Bank in writing of
such changes.

                                    ARTICLE 6
                                    EMPLOYEES

6.1               SUPERVISION OF EMPLOYEES. The Bank, NDPS and/or GPI Canada
agree to work together, in good faith, to develop reporting, supervision and
communication arrangements between the employees of the Bank who are responsible
for performing the Transition Services and NDPS and/or GPI Canada to facilitate
the performance of the obligations of the parties under this Agreement and the
Marketing Alliance Agreement.
<PAGE>

                                      -10-

6.2               TERMS OF EMPLOYMENT OF TRANSITION EMPLOYEES. The parties
acknowledge that the terms and conditions relating to offers of employment to,
and terms of employment of, Transition Employees and the obligations of GPI
Canada in respect thereof are set out in Section 4.3 of the Asset Purchase
Agreement.

                                   ARTICLE 7
                             DISCLAIMER OF WARRANTY

7.1               NO WARRANTY. Other than those expressly provided in this
Agreement, there are no representations, warranties or conditions express,
implied or statutory, including but not limited to, any implied warranties or
conditions of merchantable quality or fitness for a particular purpose, made by
the Bank with respect to any and all services, equipment, goods or items,
including without limitation software, provided in the course of performing its
obligations and the Transition Services.

                                   ARTICLE 8
                   LIMITATION OF LIABILITY AND INDEMNIFICATION

8.1               LIMITATION OF LIABILITY. Should there be any failure in
performance or errors or omissions, the Bank shall use Commercially Reasonable
Efforts to correct such failure in performance or errors or omissions. Except as
the result of a third party claim subject to Section 8.3, in no event shall a
party hereto be liable to another party or any third parties for any special,
indirect or consequential damages, even if such party has been advised of the
possibility of such damage. The Bank shall not be responsible in any manner for
errors or failures of any Person other than those of the Bank, any Affiliate of
the Bank, Intria-HP Corporation, and Intria Items Inc. NDPS and/or GPI Canada
shall not be responsible in any manner for errors or failures of any Person
other than those of NDPS, and/or GPI Canada or any Affiliate of NDPS and/or GPI
Canada or any Merchant Accounting Processor or Independent Sales Organization
designated by NDPS.

8.2               FORCE MAJEURE. None of the parties hereto shall be liable for
a failure or delay in the performance of their obligations under the terms of
this Agreement, including, but not limited to, a failure or delay in providing
the Transition Services, if such failure is due to any Force Majeure Event
affecting the party not performing its obligations, or affecting one of its
subcontractors, provided that such party uses Commercially Reasonable Efforts to
resume performing its obligations hereunder as soon as practicable. If a Force
Majeure Event occurs, the party affected by such Force Majeure Event shall
promptly notify such party by telephone (to be confirmed in writing within 5
days of the inception of such delay) of the occurrence of a Force Majeure Event
and describe in reasonable detail in such notice the circumstances causing the
Force Majeure Event. The parties hereto shall not have any liability for losses,
expenses or damages, ordinary, special or consequential resulting directly or
indirectly from such causes or conditions.
<PAGE>

                                      -11-

8.3                   INDEMNIFICATION.

                      (a)  INDEMNIFICATION BY THE BANK. Subject to the terms of
                           this Agreement, the Bank shall indemnify each of NDPS
                           and GPI Canada and hold each of NDPS and GPI Canada
                           harmless from any liability, loss, cost or expense,
                           including reasonable attorneys' fees and expenses
                           ("LOSSES") suffered it or its Affiliates that shall
                           result from or arise out of (i) the breach by the
                           Bank of this Agreement; (ii) the Bank's violation of
                           applicable Laws, Association Rules and Clearing
                           System Rules; or (iii) the negligence or intentional
                           wrongdoing of the Bank; provided that if the Bank and
                           NDPS and/or GPI Canada are jointly sued by a third
                           party and they are deemed to be liable as joint
                           tortfeasors, then the allocation of loss between NDPS
                           and GPI Canada, on the one hand, and the Bank, on the
                           other hand, shall be determined by the court.

                      (b)  INDEMNIFICATION BY NDPS AND GPI CANADA. Subject to
                           the terms of this Agreement, each of NDPS and GPI
                           Canada shall indemnify the Bank and hold the Bank
                           harmless from any Losses suffered by it or its
                           Affiliates that shall result from or arise out of (i)
                           the breach by NDPS or GPI Canada of this Agreement;
                           (ii) NDPS's or GPI Canada's violation of applicable
                           Laws, Association Rules and Clearing System Rules; or
                           (iii) the negligence or intentional wrongdoing of
                           NDPS or GPI Canada; provided that if the Bank and
                           NDPS and/or GPI Canada are jointly sued by a third
                           party and they are deemed to be liable as joint
                           tortfeasors, then the allocation of loss between NDPS
                           and/or GPI Canada, on the one hand, and the Bank, on
                           the other, shall be determined by the court.

                      (c)  PROCEDURES. NDPS, GPI Canada and the Bank agree that
                           the procedure for making a claim under the indemnity
                           provisions of this Section 8.3 shall be governed by,
                           and conducted in accordance with, Section 20 of the
                           Marketing Alliance Agreement.

8.4                        RECOVERY. If, at any time, either the Bank, on the
one hand, or NDPS and/or GPI Canada, on the other, has received damages from the
other and recovers funds, payments, or costs from a third party relating to the
liability in respect of which such damages were paid, the amounts so recovered
(less the costs of recovery and amounts previously paid to the other party in
respect of the Loss) shall be remitted to such other party up to the amounts
previously paid by such party.

8.5                        REIMBURSEMENT FOR UNRECOVERED CHARGEBACKS AND CREDIT
LOSSES.

                      (a)  The Bank shall reimburse NDPS within 60 days for the
                           amount of any unrecovered Chargebacks and Credit
                           Losses (calculated on an aggregate basis for the
                           entire portfolio of Merchants that are parties to
                           Existing Merchant Agreements, and not on a
                           Merchant-by-Merchant basis) that: (i) are incurred by
                           NDPS and/or GPI Canada in respect of Merchants that
                           are
<PAGE>

                                      -12-

                           parties to Existing Merchant Agreements; (ii) arise
                           out of sales transactions which occur between the
                           Effective Time and the date on which this Agreement
                           is terminated in accordance with Article 9 hereof;
                           and (iii) are in excess of twice the aggregate amount
                           of unrecovered Chargebacks and Credit Losses
                           (calculated on an aggregate basis for the entire
                           portfolio of Merchants that are parties to Existing
                           Merchant Agreements, and not on a
                           Merchant-by-Merchant basis) that the Bank incurred in
                           respect of sales transactions which occurred during
                           the period of time immediately preceding the
                           Effective Time that is equal in duration to the
                           period of time during which the Bank performed the
                           Transition Services under this Agreement;

                      (b)  From time to time, NDPS and/or GPI Canada shall
                           deliver an invoice to the Bank for amounts payable by
                           the Bank to NDPS and/or GPI Canada under the terms
                           and conditions of paragraph (a). Payment of the
                           amounts specified on an invoice delivered in
                           accordance with this paragraph (b) shall be due on
                           the 60th day after the date of the invoice. NDPS
                           and/or GPI Canada reserve the right to charge
                           interest on all amounts not paid when due at the
                           Prime Rate or the maximum rate allowed by law, if
                           less;

                      (c)  Upon request, NDPS and/or GPI Canada shall provide
                           reasonable supporting information for any invoice
                           submitted under this Section 8.5. The Bank shall have
                           the right to conduct a review of the books and
                           records of NDPS and GPI Canada relating solely to the
                           unrecovered Chargebacks and Credit Losses described
                           in paragraph (a) upon written notice to NDPS at a
                           mutually agreeable time and place. Upon receipt of a
                           review notice, NDPS and GPI Canada will make
                           available for the Bank's inspection (including
                           inspection by any agent, representative, or
                           professional advisor of the Bank) all relevant
                           records and books related to the unrecovered
                           Chargebacks and Credit Losses described in paragraph
                           (a). Any such review shall be at the expense of the
                           Bank, unless such review reveals that NDPS and/or GPI
                           Canada has overcharged the Bank, in which case, the
                           Bank shall be reimbursed for the costs and expenses
                           it incurred in connection with such review; and

                      (d)  The Bank shall notify NDPS within 120 days of receipt
                           of an invoice delivered under this Section 8.5 of any
                           disputed amounts or the Bank, NDPS and GPI Canada
                           shall be deemed to have agreed with the invoice. In
                           the event of any dispute with respect to the matters
                           set forth in this Section 8.5, the parties agree that
                           such dispute shall be settled in accordance with the
                           dispute resolution mechanism set out in Section 22 of
                           the Marketing Alliance Agreement.
<PAGE>

                                      -13-

                                   ARTICLE 9
                              TERM AND TERMINATION

9.1               TERM OF AGREEMENT. This Agreement shall remain in full force
and effect from the Closing Date to the earliest of: (a) the date that is the
second anniversary of the Closing Date; (b) the date on which this Agreement is
terminated in accordance with Sections 9.7 or 9.8; and (c) the date on which the
Bank is no longer obligated to perform any of the Transition Services under the
terms of this Agreement.

9.2               TERMINATION OF A TRANSITION SERVICE. The obligation of the
Bank to provide a particular Transition Service may be terminated by NDPS and/or
GPI Canada at the end of any calendar month prior to end of the Term for which
such Transition Service was to be provided, upon 120 days' prior written notice
(the "TERMINATION NOTICE") to the Bank. NDPS and GPI Canada agree that each of
the Transition Services shall be terminated in an orderly manner in accordance
with the Transition Plan. Notwithstanding that the Bank shall receive 120 days'
prior written notice of the intention of NDPS and GPI Canada to terminate the
Bank's obligation to provide a Transition Service, the Bank agrees that it shall
not provide its employees that are responsible for performing such Transition
Service with more than 60 days' prior written notice (the "EMPLOYEE NOTICE") of
NDPS's and GPI Canada's intention to terminate such Transition Service. Prior to
the delivery of the Employee Notice, NDPS and/or GPI Canada shall have the right
to cancel the Termination Notice, in which event the Bank shall continue to
provide the applicable Transition Service in accordance with the terms and
conditions of this Agreement. After the Employee Notice has been delivered, the
Bank is not obligated to: (a) extend the period during which it is obligated to
perform the Transition Service beyond the date specified in the Termination
Notice for termination of such Transition Service; or (b) resume performing such
Transition Service at a later date during the Transition Period.

9.3               BUSINESS RECOVERY PLAN. Notwithstanding anything to the
contrary in this Agreement, NDPS and GPI Canada shall not be entitled to
terminate the Bank's obligation to provide all or any part of the authorization
and draft capture services until such time as the operator of the platform has
in place a business recovery plan (the "BUSINESS RECOVERY PLAN") that is in
compliance with any conditions imposed by the Office of the Superintendent of
Financial Institutions ("OSFI") and is acceptable to the Bank, such acceptance
not to be unreasonably withheld. Despite the foregoing and subject to compliance
with any conditions imposed by OSFI, the Bank agrees that the Business Recovery
Plan of Intria-HP Corporation and Intria Items Inc. existing on the date hereof
is acceptable to the Bank.

9.4               BANK DEFAULT. The occurrence of any one of more of the
following events shall constitute a default by the Bank under the terms of this
Agreement (a "BANK DEFAULT"):

             (1)  If the Bank defaults in the performance of any of the
                  Transition Services in accordance with Section 2.3 for two
                  consecutive months under this Agreement and a corrective
                  action plan has not been developed during the 30-day period
                  after written notice and demand for cure has been given by
                  NDPS and/or GPI Canada to the Bank (except that such period
                  shall be extended to the extent there shall be in effect any
                  event which shall be deemed a Force Majeure Event); or
<PAGE>

                                      -14-

             (2)  The Bank is adjudged or declared bankrupt or insolvent or
                  makes an assignment for the benefit of its creditors, or
                  petitions or applies to any tribunal for the appointment of a
                  receiver, custodian, trustee, or similar officer for it or for
                  any part of its property, or commences any proceedings
                  relating to it under any reorganization, arrangement,
                  readjustment of debt, dissolution or liquidation Law or
                  statute of any jurisdiction whether now or hereafter in
                  effect, or by any act indicates its consent to, approval of,
                  or acquiescence in, any such proceeding for it or for any part
                  of its property, or a receiver, liquidator, assignee,
                  custodian, trustee or similar official is appointed for the
                  party, or any of the party's property.

9.5               NDPS/GPI CANADA DEFAULT. The occurrence of any one or more of
the following events shall constitute a default by NDPS or GPI Canada under the
terms of this Agreement (an "NDPS DEFAULT"):

             (1)  If NDPS or GPI Canada defaults in the payment of any amounts
                  due and owing to the Bank under this Agreement and such
                  default is not cured for sixty (60) days after written notice
                  and demand for cure has been given by the Bank to NDPS and GPI
                  Canada;

             (2)  If NDPS or GPI Canada is adjudged or declared bankrupt or
                  insolvent or makes an assignment for the benefit of its
                  creditors, or petitions or applies to any tribunal for the
                  appointment of a receiver, custodian, trustee, or similar
                  officer for it or for any part of its property, or commences
                  any proceedings relating to it under any reorganization,
                  arrangement, readjustment of debt, dissolution or liquidation
                  Law or statute of any jurisdiction whether now or hereafter in
                  effect, or by any act indicates its consent to, approval of,
                  or acquiescence in, any such proceeding for it or for any part
                  of its property, or a receiver, liquidator, assignee,
                  custodian, trustee or similar official is appointed for the
                  party, or any of the party's property.

9.6               NOTICE OF DEFAULT. Each party to this Agreement shall promptly
notify the other parties if a Default or Event of Default with respect to it has
occurred hereunder.

9.7               REMEDIES OF NDPS AND GPI CANADA. Upon the occurrence of a Bank
Default, after attempting to resolve the matter pursuant to the dispute
resolution provisions set out in the Marketing Alliance Agreement, NDPS and/or
GPI Canada may do any or all of the following as NDPS and/or GPI Canada, in
their sole and absolute discretion, shall determine:

             (1)  terminate this Agreement in accordance with the provisions
                  hereof;

             (2)  bring any proceedings in the nature of specific performance,
                  injunction, or other equitable remedy in any instance, it
                  being acknowledged that damages at Law may be an inadequate
                  remedy for a Bank Default under this Agreement;

             (3)  bring any action at Law as may be necessary or advisable in
                  order to recover damages and costs; and/or
<PAGE>

                                      -15-

             (4)  exercise any of its other rights and remedies provided for
                  hereunder or otherwise available to it, including a waiver of
                  any Bank Default.

9.8               REMEDIES OF THE BANK. Upon the occurrence of an NDPS Default,
after attempting to resolve the matter pursuant to the dispute resolution
provisions set out in the Marketing Alliance Agreement, the Bank may do any or
all of the following as the Bank, in its sole and absolute discretion, shall
determine:

             (1)  terminate this Agreement in accordance with the provisions
                  hereof;

             (2)  bring any proceedings in the nature of specific performance,
                  injunction, or other equitable remedy in any instance, it
                  being acknowledged that damages at Law may be an inadequate
                  remedy for an NDPS Default under this Agreement;

             (3)  bring any action at Law as may be necessary or advisable in
                  order to recover damages and costs; and/or

             (4)  exercise any of its other rights and remedies provided for
                  hereunder or otherwise available to it, including a waiver of
                  any NDPS Default.

9.9               NON-EXCLUSIVE REMEDIES. The non-defaulting party may, in its
sole discretion, exercise any right or recourse and/or proceed by any action,
suit, remedy or proceeding against the defaulting party authorized hereunder or
permitted by Law and may proceed to exercise any and all rights hereunder and no
remedy for the enforcement of the rights of the non-defaulting party shall be
exclusive of any other rights or remedies provided hereunder or at Law or in
equity or be dependent upon any such right or remedy and any one or more of such
rights or remedies may from time to time be exercised independently or in
combination. All such rights shall be subject to the limitation of liability
contained herein.

9.10              EQUITABLE REMEDIES. The defaulting party agrees that the
non-defaulting party's entitlement to seek equitable relief includes such
injunction or injunctions as may be required to prevent breaches or further
breaches of any of the provisions hereof, and specific enforcement of such
provisions by an action instituted in any court having jurisdiction.

9.11              ASSIGNMENT OF THREE PARTY AGREEMENTS. As contemplated in and
pursuant to the Asset Purchase Agreement, upon termination of the Bank's
obligation to perform a Transition Service, the Bank agrees to assign to NDPS or
GPI Canada or such Affiliate of NDPS or GPI Canada as NDPS or GPI Canada shall
designate (the "NDPS DESIGNATE") and NDPS and GPI Canada agree to accept, or
cause their NDPS Designate to accept, from the Bank all right, title and
interest of the Bank in and to any Three Party Agreements set forth in SCHEDULE
9.10 that enabled the Bank to perform to such Transition Service and NDPS and
GPI Canada agree to assume, or cause their NDPS Designate to assume, any and all
of the Bank's obligations under such Three Party Agreements. The parties hereto
acknowledge that such Three Party Agreements are agreements that are to be
assigned to NDPS under the terms of the Asset Purchase Agreement and that the
Bank needed to retain the right to receive some or all of the rights or services
provided thereunder solely for purposes of providing the Transition Services to
NDPS and/or GPI Canada. Upon termination of the Bank's obligation to perform a
Transition
<PAGE>

                                      -16-

Service in accordance with Section 9.2, the Bank shall no longer require the
rights or services provided under any Three Party Agreements applicable to such
Transition Service and as contemplated, and in return for the consideration
provided, under the Asset Purchase Agreement the assignment of such Three Party
Agreements shall be effective.

9.12              CONSEQUENCES OF FAILURE TO IMPLEMENT TRANSITION PLAN. In the
event that NDPS, GPI Canada or a third party service provider has not assumed
responsibility for the performance of all of the Transition Services by the end
of the Transition Period, the Bank shall have the option to continue performing
the Transition Services in return for compensation equivalent to the market
rates charged by independent service providers for substantially similar
services, such option to be exercised in the sole and absolute discretion of the
Bank and subject to any regulatory approvals required and all applicable laws.

                                   ARTICLE 10
                         SOFTWARE RIGHTS ON TERMINATION

10.1              SOFTWARE. The parties agree that if, during the term of this
Agreement, it is determined that NDPS, GPI Canada or any of their Affiliates
shall need access to certain software to conduct the Merchant Business (the
"SOFTWARE") following the Transition Period, and such Software is:

                  (a)      owned by the Bank or an Affiliate of the Bank and
                           will be used by the Bank following the Transition
                           Period, at NDPS' or GPI Canada's option, the Bank
                           shall, or shall cause its Affiliate to, enter into,
                           on commercially reasonable terms, a non-exclusive,
                           non-assignable, royalty-free, fully paid-up licence
                           with NDPS, GPI Canada or their NDPS Designate in
                           respect of any such Software;

                  (b)      owned by the Bank or an Affiliate of the Bank and
                           will not be used by the Bank following the Transition
                           Period, at NDPS' or GPI Canada's option, the Bank
                           shall, or shall cause its Affiliate to, transfer such
                           software to NDPS, GPI Canada or their NDPS Designate;

                  (c)      licensed by the Bank or an Affiliate of the Bank and
                           will be used by the Bank following the Transition
                           Period, at NDPS' or GPI Canada's option, the Bank
                           shall, or shall cause its Affiliate to, use
                           Commercially Reasonable Efforts to: (i) negotiate an
                           arrangement with NDPS, GPI Canada or their NDPS
                           Designate and the licensor of such Software whereby
                           both NDPS, GPI Canada or their NDPS Designate, and
                           the Bank, or its Affiliate, as applicable, could
                           continue using such Software under the same licence;
                           or (ii) obtain a separate licence for NDPS, GPI
                           Canada or their NDPS Designate; or

                  (d)      licensed by the Bank or an Affiliate of the Bank and
                           will not be used by the Bank following the Transition
                           Period, at NDPS' or GPI Canada's option, the Bank
                           shall, or shall cause its Affiliate to use
                           Commercially
<PAGE>

                                      -17-

                           Reasonable Efforts to, assign its licence to NDPS,
                           GPI Canada, or their NDPS Designate.

Notwithstanding anything to the contrary, any additional licenses resulting from
the foregoing are considered, as between the Bank, NDPS and GPI Canada, to be a
part of, a result of, and in return for, the consideration provided under the
Asset Purchase Agreement

                                  ARTICLE 11
                                    GENERAL

11.1              PERIPHERON THERMAL PRINTERS The Bank shall reimburse NDPS for
the cost incurred by NDPS and/or GPI Canada for shipping the RM2000 Thermal
Printers manufactured by PeriPheron Technologies Ltd. ("PERIPHERON") to
PeriPheron's facilities at #148-1538 Cliveden Avenue, Delta, British Columbia in
connection with the "TCO Upgrade Project" (as described in the letters from
PeriPheron to CIBC dated January 22, 2001 and February 19, 2001 included in the
Assets Sold) to be implemented by PeriPheron, NDPS and/or GPI Canada after the
Closing Date, provided that the maximum amount payable by the Bank for such
shipping costs shall be $100,000. NDPS and GPI Canada shall use Commercially
Reasonable Efforts to cause the TCO Upgrade Project to be completed as soon as
practicable and, if possible, within a eighteen (18) month period.

11.2              DISPUTE RESOLUTION. NDPS, GPI Canada and the Bank acknowledge
and agree that any and all disputes that arise from, or relate in any way to,
the Transition Services, the Transition Plan, or any other matter set forth in
this Agreement, shall be settled in accordance with the dispute resolution
provisions set out in the Marketing Alliance Agreement.

11.3              CONTRACTS AND INVOICING. Upon request, the Bank shall provide
reasonable supporting information for any invoice submitted hereunder. NDPS
and/or GPI Canada shall have the right to conduct a review of the books and
records of the Bank relating solely to the Transition Services to be provided
hereunder upon written notice to the Bank at a mutually agreeable time and
place. Upon receipt of a review notice, the Bank will make available for NDPS'
or GPI Canada's inspection (including inspection by any agent, representative,
or professional advisor of NDPS or GPI Canada) all relevant records and books
related solely to the Transition Services provided hereunder. Any such review
shall be at the expense of NDPS and/or GPI Canada, unless such review reveals
that the Bank has overcharged NDPS or GPI Canada, in which case, NDPS and/or GPI
Canada shall be reimbursed for the costs and expenses they incurred in
connection with such review.

11.4              INDEPENDENT CONTRACTOR. Each party to this Agreement intends
that the Bank shall operate as, and be considered, an independent contractor in
providing the Transition Services. All personnel performing Transition Services
for or on behalf of the Bank shall be agents or employees of the Bank, and shall
not for any purpose be considered agents or employees of NDPS or GPI Canada and
shall not be entitled to any benefit or payment directly from NDPS or GPI Canada
on account of such Transition Service. Nothing contained in this Agreement shall
be construed as constituting a partnership or joint venture between NDPS, GPI
<PAGE>

                                      -18-

Canada and the Bank and each party hereto specifically disclaims any liability
for the conduct, performance of services or failure to act of the other parties
hereto. None of the parties to this Agreement shall represent or hold itself out
as a partner, joint venturer, or agent of another party hereto for any purpose
whatsoever and nor shall any party to this Agreement have the right to bind
another party hereto to any agreement with a third party or to incur any
obligation or liability on behalf of another party.

11.5              ENTIRE AGREEMENT; AMENDMENT. This Agreement including the
Schedules hereto, contains the entire agreement among the parties to this
Agreement pertaining to the matters contemplated in this Agreement and there are
no further or other agreements or understandings, written or oral, in effect
between the parties relating to the subject matter of this Agreement, except as
may be specifically provided in one of the Operative Documents. No amendment,
modification or alteration of the terms or provisions of this Agreement shall be
binding unless the same shall be in writing and duly executed by the authorized
representatives of each of the parties hereto.

11.6              SEVERABILITY. Whenever possible, each provision of this
Agreement will be interpreted in such a manner as to be effective and valid
under applicable law, but if any provision of this Agreement is held to be
prohibited by or invalid under applicable law, such provision will be
ineffective only to the extent of such prohibition or invalidity, without
invalidating the remainder of such provision or the remaining provisions of this
Agreement. In such an event, the parties shall use good faith efforts to
re-negotiate any such provision in an effort to retain the spirit and intent of
the original provision.

11.7              FURTHER ASSURANCES. The parties hereto shall do and perform or
cause to be done and performed all such further acts and things and shall
execute and deliver all such other agreements, certificates, instruments and
documents as the other parties to this Agreement may reasonably request in order
to carry out the intent and accomplish the purposes of this Agreement.

11.8              SUCCESSORS AND ASSIGNS. This Agreement shall be binding upon
and shall enure to the benefit of the parties hereto and their respective
successors and permitted assigns. This Agreement and all rights, privileges,
duties and obligations of the parties hereto may not be assigned by any party
without the prior written consent of the other parties; provided, however, that
no such consent shall be required (i) for the assignment by any party of its
rights and privileges hereunder to an Affiliate of a party, or (ii) for the
assignment by any party of its rights, privileges, duties and obligations
hereunder to any Person into or with which the assigning party shall merge or
consolidate or to which the assigning party shall sell all or substantially all
of its assets. The consent of a party to an assignment by the other parties
shall not (i) relieve that party of any of its obligations under this Agreement;
or (ii) constitute the other parties' consent to further assignment.

11.9              MODIFICATION AND WAIVER. No failure by the Bank, GPI Canada or
NDPS to exercise, and no delay in exercising any right under this Agreement
shall operate as a waiver thereof; nor shall any single or partial exercise of
any right under this Agreement preclude any other or further exercise thereof or
the exercise of any other right. No waiver of any provision of
<PAGE>

                                      -19-

this Agreement, and no consent to any departure by the Bank, GPI Canada or
NDPS herefrom, shall be effective unless the same shall be in writing and signed
by each party to this Agreement sought to be bound thereby, and then such waiver
or consent shall be effective only in the specific instance and for the specific
purpose for which it was given.

11.10             NOTICES. Any notice, request, instruction or other document to
be given hereunder by any party to this Agreement to any other party hereto
shall be in writing and delivered to the following names and addresses:

                  if to the Bank, to:

                  Canadian Imperial Bank of Commerce
                  c/o CIBC World Markets Inc.
                  161 Bay Street
                  BCE Place, 7th Floor
                  Toronto, Ontario  M5J 2J8

                  Attention:        Executive Vice President,
                                    Card Products, Collections and Merchant Card
                                    Services
                  Facsimile No.:    (416) 784-6868

                  with a copy to:

                  Canadian Imperial Bank of Commerce
                  Legal and Compliance Division
                  199 Bay Street, 15th Floor
                  Commerce Court West
                  Toronto, Ontario  M5L 1A2

                  Attention:        General Counsel
                  Facsimile No.:    (416) 304-2860

                  and to:

                  Blake, Cassels & Graydon LLP
                  199 Bay Street, 28th Floor
                  Commerce Court West
                  Toronto, Ontario  M5L 1A9

                  Attention:        Managing Partner
                  Facsimile No:     (416) 863-2653

                  If to NDPS, Global Payments or GPI Canada, to:

                  Global Payments Inc.
                  Four Corporate Square
<PAGE>

                                      -20-

                  Atlanta, Georgia 30329-2010
                  Attention:  Office of the Corporate Secretary

The persons or addresses to which mailings or deliveries shall be made may be
changed from time to time by notice given pursuant to the provisions of this
Section 11.10. Any notice, demand or other communication given pursuant to the
provisions of this Section 11.10 shall be deemed to have been duly given on the
date actually delivered or five days following the date deposited in the mail,
properly addressed, postage prepaid, as the case may be.

11.11             GOVERNING LAW; INTERPRETATION.

           (1)    This Agreement shall be governed by, and construed in
                  accordance with, the laws of the Province of Ontario and the
                  laws of Canada applicable therein without giving effect to the
                  principles of conflicts of law thereof.

           (2)    Each party hereto represents that, in the negotiation and
                  drafting of this Agreement, such party has been represented by
                  and relied upon the advice of counsel of such party's choice.
                  Each such party affirms that such party's counsel has had a
                  substantial role in the drafting and negotiation of this
                  Agreement. Therefore, each such party agrees that the rule of
                  construction to the effect that any ambiguities are to be
                  resolved against the drafting party shall not be employed in
                  the interpretation of this Agreement or any related document.

11.12             CONSENT TO JURISDICTION. Except as otherwise specifically
provided in this Agreement:

           (1)    Each of the parties hereto hereby submits to the exclusive
                  jurisdiction of the courts of the Province of Ontario and the
                  federal courts of Canada, in the case of any action, suit or
                  proceeding commenced with respect to a dispute by any of them
                  or any Affiliate or shareholder of any of them. Waiving the
                  right to any other jurisdiction by reason of their present or
                  future domicile.

           (2)    The parties hereto agree that, after any dispute is before a
                  court as specified in paragraph (1) of this Section 11.12 and
                  during the pendency of such dispute before such court, all
                  actions, suits or proceedings with respect to such dispute or
                  any other dispute, including without limitation, any
                  counterclaim, cross-claim or interpleader, shall be subject to
                  the exclusive jurisdiction of such court.

           (3)    Each of the parties hereto hereby waives, and agrees not to
                  assert, as a defense in any action, suit or proceeding
                  referred to in paragraph (1) or (2) of this Section 11.12,
                  that it is not subject thereto or that such action, suit or
                  proceeding may not be brought or is no maintainable in such
                  court (for lack of personal jurisdiction or otherwise) or that
                  its property is exempt or immune from execution, that the
                  action, suit or proceeding is brought in an inconvenient forum
                  or that the venue of the action, suit or proceeding is
                  improper. Each of the parties hereto agrees that service of
                  process in any such action, suit or proceeding shall be deemed
                  in every
<PAGE>

                                      -21-

                  respect effective service of process upon it if personally
                  served upon the applicable party at the address for notice
                  purposes designated pursuant to Section 11.10.

11.13             THIRD-PARTY BENEFICIARIES. None of the parties to this
Agreement intends this Agreement to benefit or create any right or cause of
action in or on behalf of any Person other than the Bank, GPI Canada and NDPS
and permitted successors and assigns.

11.14             TIME OF ESSENCE. Time shall be of the essence in this
Agreement in all respects.

11.15             COUNTERPARTS. This Agreement may be executed by the parties
hereto in any number of counterparts, each of which, when executed, shall be
deemed to be an original and all of which together shall constitute one and the
same document.
<PAGE>

                                      -22-

                  IN WITNESS WHEREOF, the parties hereto have caused this
Agreement to be duly executed and delivered on the day and year first above
written.

                                          CANADIAN IMPERIAL BANK OF COMMERCE

                                       By: /s/ Christine Croucher
                                          --------------------------------------
                                          Name: Christine Croucher
                                          Title:

                                       By: /s/ David A. Caldwell
                                          --------------------------------------
                                          Name: David A. Caldwell
                                          Title:

National Data Payment Systems, Inc. hereby executes this Agreement as a party
hereto and hereby guarantees the obligations of Global Payments Canada Inc.
hereunder.

                                          NATIONAL DATA PAYMENT SYSTEMS, INC.

                                       By: /s/ Suellyn P. Tornay
                                          --------------------------------------
                                          Name:    Suellyn P. Tornay
                                          Title:   General Counsel

                                          GLOBAL PAYMENTS CANADA INC.

                                       By: /s/ Suellyn P. Tornay
                                          --------------------------------------
                                          Name:    Suellyn P. Tornay
                                          Title:   General Counsel
<PAGE>

                                      -23-

The obligations of National Data Payment Systems, Inc. and/or Global Payments
Canada Inc. hereunder are hereby guaranteed by GLOBAL PAYMENTS INC.

                                           GLOBAL PAYMENTS INC.

                                       By: /s/ Paul R. Garcia
                                           -------------------------------------
                                           Name:    Paul R. Garcia
                                           Title:   Chief Executive Officer
<PAGE>

                                  SCHEDULE 2.1

                               TRANSITION SERVICES

TRANSITION SERVICE

1.     Merchant Loss Prevention

2.     Dispatch Services

3.     Help Desk Services

4.     Merchant Debit Operations

5.     Management Information Systems

6.     Point of Sale System Support

7.     Project Installation

8.     Merchant Training

9.     Operations Administration

10.    MOPD

11.    PERC

12.    Voice Authorization Services

13.    Chargebacks/Retrievals

14.    Settlement Accounting

15.    INTENTIONALLY DELETED

16.    INTENTIONALLY DELETED

17.    Support for AS400

18.    Such services ("INTRIA TRANSITION SERVICES") as are provided to the Bank
immediately prior to Closing by Intria-HP Corporation and Intria Items Inc. in
connection with the Merchant Business.
<PAGE>

                                  SCHEDULE 2.2

                                 SERVICE LEVELS

See attached.
<PAGE>

<TABLE>
<CAPTION>

* ALL PERFORMANCE STANDARDS SHALL BE MEASURED ON A MONTHLY AVERAGE.
---------------------------------------------------------------------------------------------------------------------
  FUNCTIONAL   RESPONSIBILITY        FUNCTION                   PEACH                                 RESPONSIBILITY
     AREA
---------------------------------------------------------------------------------------------------------------------
<S>             <C>                                  <C>                        <C>                 <C>
               PARTY                                 PERFORMANCE GOAL             COMMENTS/          PARTY
                                                                                  CONDITIONS
---------------------------------------------------------------------------------------------------------------------

---------------------------------------------------------------------------------------------------------------------
Settlement     NDPS            Demand Deposit        N/A                                             CIBC
                               Account Set-Up
---------------------------------------------------------------------------------------------------------------------
Settlement     NDPS            Deposit Account                                                       CIBC
                               Rejects
---------------------------------------------------------------------------------------------------------------------
Settlement     NDPS            Merchant Deposits     a)  Post on-us transactions                     CIBC
                                                     next day 95% of time
---------------------------------------------------------------------------------------------------------------------
Settlement     NDPS            Merchant Deposits     b)  Present foregoing DDA                       CIBC
                                                     deposits to CPA for
                                                     clearing on day of receipt
                                                     95% of time
---------------------------------------------------------------------------------------------------------------------
Settlement     NDPS            Returned Items (NSF)  N/A                                             CIBC

---------------------------------------------------------------------------------------------------------------------
Settlement     NDPS            Settlement Account    N/A                                             CIBC
                               Statement Copies
---------------------------------------------------------------------------------------------------------------------
Settlement     NDPS            Unposted deposit      N/A                                             CIBC
                               transactions
---------------------------------------------------------------------------------------------------------------------
Settlement     NDPS            DDA Debits            N/A                                             CIBC

---------------------------------------------------------------------------------------------------------------------
Operations     NDPS            Account Processing    New applications including   Requires complete  CIBC
                                                     credit review completed      and correct
                                                     within 3 business days of    application
                                                     receipt on average           packages
---------------------------------------------------------------------------------------------------------------------
Operations     NDPS            Chargebacks           NDPS will resolve 96% of                        CIBC
                                                     chargebacks within time
                                                     limits determined by card
                                                     associations
---------------------------------------------------------------------------------------------------------------------
Operations     NDPS            Chargebacks           Fax server items indexed                        CIBC
                                                     within 48 hours
---------------------------------------------------------------------------------------------------------------------
Operations     NDPS            Chargebacks           CB's resolved within 35 days                    CIBC
---------------------------------------------------------------------------------------------------------------------
Operations     NDPS            Chargebacks           Rebuttals resolved within                       CIBC
                                                     10 days
</TABLE>

* ALL PERFORMANCE STANDARDS SHALL BE MEASURED ON A MONTHLY AVERAGE.
--------------------------------------------------------------------------
  FUNCTIONAL                MCS
     AREA
--------------------------------------------------------------------------
                      PERFORMANCE GOAL            COMMENTS/CONDITIONS

--------------------------------------------------------------------------

--------------------------------------------------------------------------
Settlement    Merchant deals directly with CIBC branch CIBC to set-up
              within 48 hours 90% of time
--------------------------------------------------------------------------
Settlement    VISA centre to notify MCS or NDPS within 2 business days
              95% of time
--------------------------------------------------------------------------
Settlement    a)  Post on-us transactions next day 95% of time

--------------------------------------------------------------------------
Settlement    b)  Present foregoing DDA        All merchant deposits to
              deposits to CPA for clearing on  CIBC DDA's same day /
              day of receipt 95% of time       Push Funds to other FI's
                                               next day.
--------------------------------------------------------------------------
Settlement    VISA centre to notify MCS or NDPS within 2 business days
              95% of time
--------------------------------------------------------------------------
Settlement    CIBC Branch function with 95% of rejects sent to MCS or
              NDPS within 5 business days
--------------------------------------------------------------------------
Settlement    VISA centre to notify MCS or NDPS within 2 business days
              95% of time
--------------------------------------------------------------------------
Settlement    Support documentation will be    Proof and verification
              sent to merchant by 3rd          required on Letter
              business day of debit to DDA     Adjustments
              account to be performed by CIBC
--------------------------------------------------------------------------
Operations    New applications including       Requires complete and
              credit review completed within   correct application
              3 business days of receipt on    packages
              average
--------------------------------------------------------------------------
Operations    CIBC will resolve 96% of chargebacks within time limits
              determined by card associations

--------------------------------------------------------------------------
Operations    Fax server items indexed within 48 hours

--------------------------------------------------------------------------
Operations    CB's resolved within 35 days
--------------------------------------------------------------------------
Operations    Rebuttals resolved within 10 days
<PAGE>

                                      -2-
<TABLE>
<CAPTION>

* ALL PERFORMANCE STANDARDS SHALL BE MEASURED ON A MONTHLY AVERAGE.
---------------------------------------------------------------------------------------------------------------------
  FUNCTIONAL   RESPONSIBILITY        FUNCTION                   PEACH                                 RESPONSIBILITY
     AREA
---------------------------------------------------------------------------------------------------------------------
<S>             <C>                                  <C>                        <C>                 <C>
               PARTY                                 PERFORMANCE GOAL             COMMENTS/          PARTY
                                                                                  CONDITIONS
---------------------------------------------------------------------------------------------------------------------
Operations     NDPS            Chargebacks           95% Escalated calls                             CIBC
                                                     returned within 48 hours
---------------------------------------------------------------------------------------------------------------------
Operations     NDPS            Contact Centres       Telephone Service Factor                        CIBC
                               (Technical /          (TSF) 80%
                               Customer service)**
---------------------------------------------------------------------------------------------------------------------
Operations     NDPS            Contact Centres       Average Speed of Answer                         CIBC
                               (Technical /          (ASA) 25 seconds
                               Customer service)**
---------------------------------------------------------------------------------------------------------------------
Operations     NDPS            Contact Centres       Abandonment Rate - 5%                           CIBC
                               (Technical /
                               Customer service)**
---------------------------------------------------------------------------------------------------------------------
Operations     NDPS            Contact Centres       Telephone Blockage - less                       CIBC
                               (Technical/Customer   than 1%
                               service)**
---------------------------------------------------------------------------------------------------------------------
Operations     NDPS            Decline Letters       Will be mailed to designee                      CIBC
                                                     at Bank within 3 business
                                                     days of credit decision.
---------------------------------------------------------------------------------------------------------------------
Operations     NDPS            Direct Payment        95% Double Debits corrected                     CIBC
                                                     within 48 hours
---------------------------------------------------------------------------------------------------------------------
Operations     NDPS            Direct Payment        95% 'Reversals posted                           CIBC
                                                     within 48 hours
---------------------------------------------------------------------------------------------------------------------
Operations     NDSP & GPI                            90% of merchants to be       Assumes
               Canada                                setup on Masterfile and      availability of
                                                     kits mailed within 7         POS hardware from
                                                     business days of credit      vendors
                                                     decision
---------------------------------------------------------------------------------------------------------------------
Operations     NDPS and GPI    Merchant Statement    Mailed within 8 business                        CIBC
               Canada                                days after month-end
---------------------------------------------------------------------------------------------------------------------
Operations     NDPS and GPI    Merchant Supplies     95% sent within 1 business                      CIBC
               Canada                                day of receipt of request
---------------------------------------------------------------------------------------------------------------------
Operations     NDPS and GPI    Merchant Training     New merchants contacted                         CIBC
               Canada                                within 48 hours for
                                                     scheduled training after
                                                     kit mailed.
</TABLE>

* ALL PERFORMANCE STANDARDS SHALL BE MEASURED ON A MONTHLY AVERAGE.
------------------------------------------------------------------------------
  FUNCTIONAL                    MCS
     AREA
------------------------------------------------------------------------------
                          PERFORMANCE GOAL            COMMENTS/CONDITIONS
------------------------------------------------------------------------------
Operations        95% Escalated calls returned    This is for All Departments
                  within 48 hours
------------------------------------------------------------------------------
Operations        Telephone Service Factor (TSF)  This is the current CIBC
                  80%                             target (Rolling 12 month
                                                  actual to be provided)
------------------------------------------------------------------------------
Operations        Average Speed of Answer (ASA)   This is the current CIBC
                  25 seconds                      target (Rolling 12 month
                                                  actual to be provided)
------------------------------------------------------------------------------
Operations        Abandonment Rate - 5%           This is the current CIBC
                                                  target (Rolling 12 month
                                                  actual to be provided)
------------------------------------------------------------------------------
Operations        Telephone Blockage - less than  This is the current CIBC
                  1%                              target (rolling 12 month
                                                  actual to be provided)
------------------------------------------------------------------------------
Operations        Will be mailed to designee at Bank Branch or MCS
                  Representative within 3 business days of credit decision.

------------------------------------------------------------------------------
Operations        95% Double Debits corrected within 48 hours

------------------------------------------------------------------------------
Operations        95% 'Reversals posted within 48 hours

------------------------------------------------------------------------------
Operations        90% of merchants to be set up    Assumes availability of
                  on Masterfile and kits mailed    POS hardware from vendors
                  within 4 business days of
                  credit decision

------------------------------------------------------------------------------
Operations        Mailed 4th business day after    Schedule can be provided.
                  month end.
------------------------------------------------------------------------------
Operations        95% sent within 1 business day of receipt of request

------------------------------------------------------------------------------
Operations        New merchants contacted within 48 hours for scheduled
                  training after kit mailed.
------------------------------------------------------------------------------
<PAGE>

<TABLE>
<CAPTION>
                                      -3-

* ALL PERFORMANCE STANDARDS SHALL BE MEASURED ON A MONTHLY AVERAGE.
---------------------------------------------------------------------------------------------------------------------
  FUNCTIONAL   RESPONSIBILITY        FUNCTION                   PEACH                                 RESPONSIBILITY
     AREA
--------------------------------------------------------------------------------------------------------------------
<S>             <C>                                  <C>                        <C>                 <C>
               PARTY                                 PERFORMANCE GOAL             COMMENTS/          PARTY
                                                                                  CONDITIONS
--------------------------------------------------------------------------------------------------------------------
Operations     GPI Canada      Replacement POS       Various response levels (Is                     CIBC
                               Terminals             this the same as "EQUIPMENT
                                                     REPLACEMENT".
--------------------------------------------------------------------------------------------------------------------
Operations     NDPS            Research              Initial response, but not                       CIBC
                                                     necessarily resolution,
                                                     completed 95% within 7
                                                     business days or per agreed
                                                     upon completion date
--------------------------------------------------------------------------------------------------------------------
Operations     NDPS            Retrieval Processing  a)  Copy requests will be                       CIBC
                                                     mailed to merchants within
                                                     5 days of receipt
--------------------------------------------------------------------------------------------------------------------
Operations     NDPS            Retrieval Processing  b)  Retrievals fulfilled by                     CIBC
                                                     merchants will be forwarded
                                                     to card issuers within 3
                                                     business days of receipt
--------------------------------------------------------------------------------------------------------------------
Operations     NDPS            Voice                 Telephone Service Factor                        CIBC
                               Authorizations**      (TSF) 80%

--------------------------------------------------------------------------------------------------------------------
Operations     NDPS            Voice                 Average Speed of Answer                         CIBC
                               Authorizations**      (ASA) 18 seconds

--------------------------------------------------------------------------------------------------------------------
Operations     NDPS            Voice                 Abandonment Rate - 4.5%                         CIBC
                               Authorizations**

--------------------------------------------------------------------------------------------------------------------
Sales          NDPS            Referrals             Attempt to contact merchant                     CIBC
                                                     will be within 48 hours of
                                                     NDPS notification
--------------------------------------------------------------------------------------------------------------------
</TABLE>

* ALL PERFORMANCE STANDARDS SHALL BE MEASURED ON A MONTHLY AVERAGE.
------------------------------------------------------------------------------
  FUNCTIONAL                    MCS
     AREA
------------------------------------------------------------------------------
                          PERFORMANCE GOAL            COMMENTS/CONDITIONS
------------------------------------------------------------------------------
Operations        Various response levels (Is      Various zones are
                  this the same as "EQUIPMENT      available dependent on
                  REPLACEMENT".                    location and relationship.
------------------------------------------------------------------------------
Operations        Initial response, but not necessarily resolution,
                  completed 95% within 7 business days or per agreed upon
                  completion date

------------------------------------------------------------------------------
Operations        a)  Copy requests will be mailed to merchants within 5
                  days of receipt

------------------------------------------------------------------------------
Operations        b)  Retrievals fulfilled by merchants will be forwarded to
                  card issuers within 3 business days of receipt

------------------------------------------------------------------------------
Operations        Telephone Service Factor (TSF)   This is the current CIBC
                  80%                              target.  The dept. is
                                                   working towards 90 / 10.
                                                   (Rolling 12 month actual
                                                   to be provided)
------------------------------------------------------------------------------
Operations        Average Speed of Answer (ASA)    This is the current CIBC
                  20 seconds                       target.  The dept. is
                                                   working towards 90 / 10.
                                                   (Rolling 12 month actual
                                                   to be provided)
------------------------------------------------------------------------------
Operations        Abandonment Rate - 5%            This is the current CIBC
                                                   target.  The dept. is
                                                   working towards 90 / 10.
                                                   (Rolling 12 month actual
                                                   to be provided)
------------------------------------------------------------------------------
Sales             Attempt to contact merchant will be within 48 hours of
                  CIBC or MCA notification

------------------------------------------------------------------------------
<PAGE>

                                      -4-
<TABLE>
<CAPTION>
* ALL PERFORMANCE STANDARDS SHALL BE MEASURED ON A MONTHLY AVERAGE.
---------------------------------------------------------------------------------------------------------------------
  FUNCTIONAL   RESPONSIBILITY        FUNCTION        PEACH                                           RESPONSIBILITY
     AREA
---------------------------------------------------------------------------------------------------------------------
<S>             <C>                                  <C>                        <C>                 <C>
               PARTY                                 PERFORMANCE GOAL             COMMENTS/          PARTY
                                                                                  CONDITIONS
---------------------------------------------------------------------------------------------------------------------
Technology/    NDPS            EDC                   100% availability on the     Excludes funding   CIBC
Intria                                               2nd business day             delays caused by
                                                                                  third parties.
---------------------------------------------------------------------------------------------------------------------
Technology/    NDPS            Network Services      Circuits with dial back      92.50%             CIBC
Intria                                               capabilities should be
                                                     restored within 5 minutes
---------------------------------------------------------------------------------------------------------------------
Technology/    NDPS            Network Services      Circuits without dial back   92.50%             CIBC
Intria                                               up should be restored
                                                     within four hours
---------------------------------------------------------------------------------------------------------------------
Technology/    NDPS            Network Services      Dial 950                     92.50%             CIBC
Intria
---------------------------------------------------------------------------------------------------------------------
Technology/    NDPS            Network Services      Lease (private)              99.20%             CIBC
Intria
---------------------------------------------------------------------------------------------------------------------
Settlement     NDPS            Account Processing    N/A                          Excludes funding   CIBC
                                                                                  delays caused by
                                                                                  third parties.
---------------------------------------------------------------------------------------------------------------------
Technology /   NDPS            Tandem / Unisys /     98.8% availability (this     Excludes downtime  CIBC
Intria                         Stratus               includes scheduled           at card
                                                     maintenance                  associations
---------------------------------------------------------------------------------------------------------------------
Various departments at NDPS    Reports               For standard monthly                            CIBC
                                                     reports, NDPS will provide
                                                     to Bank within ten (15)
                                                     days of the date such
                                                     reports are issued by
                                                     NDPS.  With respect to
                                                     non-standard reports which
                                                     NDPS has agreed to provide,
                                                     then NDPS will provide such
                                                     report on the mutually
                                                     agreed upon date
---------------------------------------------------------------------------------------------------------------------
Various departments at NDPS    Research              Completed research 90% of                       CIBC
                                                     time within 7 days; 99.8%
                                                     within 20 days
---------------------------------------------------------------------------------------------------------------------
</TABLE>

* ALL PERFORMANCE STANDARDS SHALL BE MEASURED ON A MONTHLY AVERAGE.
------------------------------------------------------------------------------
  FUNCTIONAL                    MCS
     AREA
------------------------------------------------------------------------------
                          PERFORMANCE GOAL            COMMENTS/CONDITIONS
------------------------------------------------------------------------------
Technology/        Same day value                   Funds are deposited next
Intria                                              day and back dated to
                                                    same day value
-------------------------------------------------------------------------------
Technology/        Local hunt groups are
Intria             forwarded to 800 service
-------------------------------------------------------------------------------
Technology/        Not Applicable
Intria
-------------------------------------------------------------------------------
Technology/        Not Applicable
Intria
-------------------------------------------------------------------------------
Technology/        25.00%
Intria
-------------------------------------------------------------------------------
Settlement         100% availability day of Bank    Funds are available upon
                   receipt                          deposit.
-------------------------------------------------------------------------------
Technology /       98.8% availability (this         Excludes downtime of card
Intria             includes scheduled maintenance   associations.
-------------------------------------------------------------------------------
Various            For standard monthly reports,    THIS SHOULD BE CONFIRMED
departments at     CIBC will provide to NDPS        AS OTHER DEPARTMENTS MAY
NDPS               within 15 days of the date such  BE INCLUDED (FINANCE ETC.)
                   reports are issued by CIBC.
                   With respect to non-standard
                   reports which CIBC has agreed
                   to provide, then CIBC will
                   provide such report on the
                   mutually agreed upon date
-------------------------------------------------------------------------------
Various            Completed research 90% of time within 7 days; 99.8% within
departments at     20 days
NDPS
-------------------------------------------------------------------------------
<PAGE>

                                      -5-
<TABLE>
<CAPTION>
* ALL PERFORMANCE STANDARDS SHALL BE MEASURED ON A MONTHLY AVERAGE.
--------------------------------------------------------------------------------------------------------------------
  FUNCTIONAL   RESPONSIBILITY        FUNCTION        PEACH                                           RESPONSIBILITY
     AREA
--------------------------------------------------------------------------------------------------------------------
<S>             <C>                                  <C>                        <C>                 <C>
               PARTY                                 PERFORMANCE GOAL             COMMENTS/          PARTY
                                                                                  CONDITIONS
--------------------------------------------------------------------------------------------------------------------
Various departments at NDPS    Standard Monthly      Twelve days from date of                        CIBC
                               Reports               issue by NDPS
--------------------------------------------------------------------------------------------------------------------
DEPOSIT & SETTLEMENT PROCESS   Note:  Should the                                                     CIBC
                               platform or billing
                               systems change then
                               the process will
                               need to be adjusted
                               accordingly to
                               enhance these time
                               requirements are met.
--------------------------------------------------------------------------------------------------------------------
               NDPS            Credit                NDPS shall accept Credit     (Day 1) Before     CIBC
                                                     Card Transactions from       12am local / 11pm
                                                     Merchants in electronic      B.C.
                                                     form and shall transmit to
                                                     the bank summary
                                                     information of the amounts
                                                     to be posted to merchant
                                                     depository accounts.
--------------------------------------------------------------------------------------------------------------------
               NDPS            Credit                                                                CIBC
--------------------------------------------------------------------------------------------------------------------
               NDPS            Debit                 NDPS shall accept Debit      (Day 1) Before     CIBC
                                                     Card Transactions from       12am local / 11pm
                                                     Merchants in electronic      B.C.
                                                     form and shall transmit to
                                                     the bank summary
                                                     information of the amounts
                                                     to be posted to merchant
                                                     depository accounts.
--------------------------------------------------------------------------------------------------------------------
               NDPS            Debit                                                                 CIBC
--------------------------------------------------------------------------------------------------------------------
</TABLE>

<TABLE>
<CAPTION>
* ALL PERFORMANCE STANDARDS SHALL BE MEASURED ON A MONTHLY AVERAGE.
-------------------------------------------------------------------------------------------------
  FUNCTIONAL                                      MCS
     AREA
-------------------------------------------------------------------------------------------------
                                              PERFORMANCE GOAL            COMMENTS/CONDITIONS
-------------------------------------------------------------------------------------------------
<S>                                  <C>                              <C>
Various departments at NDPS          Twelve days from date of issue   THIS SHOULD BE CONFIRMED
                                     by CIBC                          AS OTHER DEPARTMENTS MAY
                                                                      BE INCLUDED (FINANCE ETC.)
-------------------------------------------------------------------------------------------------
DEPOSIT & SETTLEMENT PROCESS         THIS IS A HIGH LEVEL ACCOUNT OF THE DEPOSIT & SETTLEMENT
                                     TIMELINES.  THERE IS CONSIDERABLY MORE DETAIL INVOLVED IN
                                     THE ACTUAL PROCESS TO ACHIEVE THESE TIMELINES.
-------------------------------------------------------------------------------------------------
               NDPS                  The Bank agrees to credit the    (Day 2)  Deposited by 7am
                                     Merchant Depository Accounts     following business day
                                     maintained with it.
-------------------------------------------------------------------------------------------------
               NDPS                  Upon receipt of information the  (Day 3)  VISA Base 2
                                     bank shall originate and         settlement 23:30 Monday -
                                     transmit to the applicable       Friday (business day)
                                     Association Clearing System
-------------------------------------------------------------------------------------------------
               NDPS                  The Bank agrees to credit the    (Day 2)  Deposited by 7am
                                     Merchant Depository Accounts     following business day
                                     maintained with it.
-------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>

                                      -6-
<TABLE>
<CAPTION>
* ALL PERFORMANCE STANDARDS SHALL BE MEASURED ON A MONTHLY AVERAGE.
--------------------------------------------------------------------------------------------------------------------
  FUNCTIONAL   RESPONSIBILITY        FUNCTION        PEACH                                           RESPONSIBILITY
     AREA
--------------------------------------------------------------------------------------------------------------------
<S>             <C>                                  <C>                        <C>                 <C>
               PARTY                                 PERFORMANCE GOAL             COMMENTS/          PARTY
                                                                                  CONDITIONS
--------------------------------------------------------------------------------------------------------------------
               NDPS               Debit                                                              CIBC
--------------------------------------------------------------------------------------------------------------------
                                  Merchant's EDGE    NDPS shall accept Credit     (Day 1) Before     CIBC
                                                     Card Transactions from       12am local/
                                                     Merchants in electronic      11 pm B.C.
                                                     form and shall transmit to
                                                     the bank summary
                                                     information of the amounts
                                                     to be posted to merchant
                                                     depository accounts.

--------------------------------------------------------------------------------------------------------------------
                                  Merchant's EDGE                                                    CIBC
--------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
* ALL PERFORMANCE STANDARDS SHALL BE MEASURED ON A MONTHLY AVERAGE.
-----------------------------------------------------------------------------------------------------
<S>                                     <C>                             <C>
  FUNCTIONAL                                      MCS
     AREA
-----------------------------------------------------------------------------------------------------
                                              PERFORMANCE GOAL            COMMENTS/CONDITIONS
-----------------------------------------------------------------------------------------------------
                                        Upon receipt of information       (Day 2) Association cut-
                                        the bank shall originate and      off for transactions - 9:30
                                        transmit to the applicable        pm Eastern Monday - Friday
                                        Association Clearing System       Association settlement -
                                                                          12:00am (via ACSS)
                                                                          Monday - Friday
-----------------------------------------------------------------------------------------------------
                                        The Bank agrees to credit the     (Day 2) Deposited by
                                        Merchant Depository Accounts      7am following business
                                        maintained with it.               day.
-----------------------------------------------------------------------------------------------------
                                        Upon receipt of information the   (Day 2) Files are
                                        bank shall originate and          forwarded by 10:00am
                                        to the appropriate EDGE
                                        partner for settlement.
-----------------------------------------------------------------------------------------------------
</TABLE>

OTHER ITEMS:

1) CIBC STAFFS ALL CALL CENTRES TO MEET CANADIAN LANGUAGE REQUIREMENTS - ENGLISH
/ FRENCH & CANTONESE (CANTONESE LESS CRITICAL). OPERATIONS CALL CENTRE AND VOICE
AUTHORIZATIONS TARGETS ARE ESTABLISHED AS PUBLISHED ABOVE FOR BOTH FRENCH AND
ENGLISH.
2) BUSINESS RECOVERY
3) NATIONAL COVERAGE OF CIBC BRANCH NETWORK OR SERVICE AREA
<PAGE>

                                  SCHEDULE 3.1

                                      FEES

                  The parties agree that the Transition Services shall be
calculated and paid for on a service-by-service basis, in accordance with the
terms and conditions of this Schedule. In addition, certain other charges and
expenses payable by NDPS shall be calculated and paid in accordance with this
Schedule. The parties acknowledge that the provisions of Article 3 of the
Transition Agreement shall apply to all amounts payable by NDPS pursuant to this
Schedule and that the rights of NDPS under section 11.3 of the Transition
Agreement extend to the calculation of all such amounts. Notwithstanding
anything to the contrary, the parties acknowledge and agree that, other than in
respect of the Intria Transition Services, the Bank shall not pass through any
depreciation charges to NDPS.

        1, 2   MERCHANT LOSS PREVENTION, DISPATCH, DEBIT OPERATIONS,
        AND    MANAGEMENT INFORMATION SYSTEMS, POS SYSTEM  SUPPORT, PROJECT
        4-10   INSTALLATION, MERCHANT TRAINING, OPERATIONS ADMINISTRATION AND
               MOPD SERVICES.

                  (a)      For each month that the Bank provides Merchant Loss
                           Prevention services, Dispatch services, Debit
                           Operations services, Management Information Systems
                           services, POS System Support services, Project
                           Installation services, Merchant Training services,
                           Operations Administration services or MOPD services
                           (collectively, the "TRANSITION SUPPORT SERVICES" and
                           individually, a "TRANSITION SUPPORT SERVICE") to
                           NDPS, the Bank shall calculate the actual expenses
                           incurred and subtract such amount from the "cap" for
                           such month, If:

                           (i)      the difference is positive,

                                    (1)     the amount payable by NDPS shall be
                                            the actual expenses for such month,
                                            and

                                    (2)     the cap for the immediately
                                            following month shall be increased
                                            by the amount of the difference;

                           (ii)     if the difference is zero, the amount
                                    payable by NDPS shall be actual expenses for
                                    such month; and

                           (iii)    if the difference is negative, the amount
                                    payable by NDPS shall, subject to paragraph
                                    (c), be the cap for such month and the
                                    absolute amount of the difference shall be
                                    added to the actual expenses incurred in the
                                    immediately following month.

                  (b)      For purposes of this section,
<PAGE>

                           (i)      references to the "cap" for any month shall
                                    be to the aggregate of the caps for such
                                    month for each Transition Support Service
                                    that the Bank provided to NDPS during such
                                    month as specified in Schedules 3.1(1),
                                    3.1(2), 3.1(4), 3.1(5), 3.1(6), 3.1(7),
                                    3.1(8), 3.1(9) and 3.1(10), as the same may
                                    be adjusted in accordance with this section,
                                    and

                           (ii)     references to the actual expenses incurred
                                    in a month shall be to the actual expenses
                                    incurred by the Bank in providing the
                                    Transition Support Services in such month
                                    determined and charged in accordance with
                                    past practice of the Bank, as the same may
                                    be adjusted in accordance with this section.

                  (c)      Despite clause (a)(iii), any of the following third
                           party costs shall be paid by NDPS and/or GPI Canada:

                           (i)      computer costs resulting from agreements
                                    with third parties in existence immediately
                                    prior to the commencement of the Transition
                                    Period (other than additional costs that,
                                    but for the entering into of the Marketing
                                    Alliance Agreement and the Transition
                                    Agreement, would not have been incurred) and
                                    any computer costs arising under any other
                                    agreements the execution of which has been
                                    approved by NDPS and/or GPI Canada;

                           (ii)     telephone charges that are incurred directly
                                    by the Bank in the performance of the
                                    Transition Support Services; and

                           (iii)    "outside services" resulting from agreements
                                    with third parties in existence immediately
                                    prior to the commencement of the Transition
                                    Period (other than additional costs that,
                                    but for the entering into of the Marketing
                                    Alliance Agreement and the Transition
                                    Agreement, would not have been incurred) and
                                    from any other agreements the execution of
                                    which has been approved by NDPS and/or GPI
                                    Canada.

                  (d)      Upon termination of the provision of the last
                           remaining Transition Support Service at the end of
                           any month, the amount payable for such month shall be
                           calculated in the same manner as for any other month
                           and no further adjustment or payment shall be made or
                           payable for the amount, if any, by which the actual
                           expenses for such month exceed the cap for such
                           month.

                  (e)      Within 60 days of the end of each fiscal year of the
                           Bank, the total amount payable under paragraph (a) in
                           such year shall be adjusted to reflect any year-end
                           changes to the general expense allocations charged to
                           the Transition Support Services and paid by NDPS in
                           such year, such
<PAGE>

                           adjustment to also incorporate appropriate changes to
                           reflect the termination of any Transition Support
                           Services in such year.

         3.       HELP DESK. In each month, NDPS shall pay an amount for Help
                  Desk services calculated as follows:

                  Amount payable = $50,345  x   THTx2  + C
                                               -------
                                               7.5 x B

                  where

                           THT  =   AHT  x  total number calls answered in the
                                    ----    month
                                    3600

                           B  =  the number of days in the month

                           AHT = the average "handle time" (duration) of a call
                           in the month, calculated in accordance with past
                           practice of the Bank.

                           C  =  The aggregate of the following expenses
                                 incurred by the Bank in providing the Help Desk
                                 Services:

                           (i)      computer costs resulting from agreements
                                    with third parties in existence immediately
                                    prior to the commencement of the Transition
                                    Period (other than additional costs that,
                                    but for the entering into of the Marketing
                                    Alliance Agreement and the Transition
                                    Agreement, would not have been incurred) and
                                    any computer costs arising under any other
                                    agreements the execution of which has been
                                    approved by NDPS and/or GPI Canada;

                           (ii)     telephone charges that are incurred directly
                                    by the Bank in the performance of the Help
                                    Desk Services; and

                           (iii)    "outside services" resulting from agreements
                                    with third parties in existence immediately
                                    prior to the commencement of the Transition
                                    Period (other than additional costs that,
                                    but for the entering into of the Marketing
                                    Alliance Agreement and the Transition
                                    Agreement, would not have been incurred) and
                                    from any other agreements the execution of
                                    which has been approved by NDPS and/or GPI
                                    Canada.

         11.      PERC.

                  (a)      In each month, NDPS shall pay an amount for "PERC"
                           services provided to NDPS equal to the cost to the
                           Bank of the full-time employees of the Bank dedicated
                           to the provision of such services.
<PAGE>

                  (b)      The Bank shall use Commercially Reasonable Efforts to
                           ensure the PERC services provided are commensurate
                           with the requirements of the Merchant Business. In
                           the event the Bank believes it is necessary to
                           increase the number of employees dedicated to PERC
                           services as a result of any request by an employee of
                           NDPS for services and that such increase will in turn
                           result in higher PERC Service costs to NDPS, the Bank
                           shall so notify the Client Representative of NDPS and
                           shall not increase the number of employees dedicated
                           to PERC services or have any obligation to provide
                           the requested services until such time as the Client
                           Representative of NDPS, or his or her designate, has
                           provided the Bank with written instructions to do so.

                  (c)      The Bank agrees to follow Directions relating to the
                           number of PERC employees that are dedicated to
                           developing products that are not in existence as of
                           the date hereof or described in the annual plan of
                           the Merchant Business, and increase or decrease the
                           number of such employees accordingly.

                  (d)      NDPS (including its agents, representatives, or
                           professional advisors) shall have the right to
                           conduct a review on a monthly basis of the books and
                           records of the Bank relating to the PERC expense
                           allocation. In the event that NDPS believes that the
                           PERC expense allocation is inaccurate, CIBC shall
                           have an obligation to substantiate the PERC expense
                           allocation for the relevant month(s).

         12.      VOICE AUTHORIZATION. In each month, NDPS shall pay an amount
                  for Voice Authorization services calculated as follows:

                  Amount payable = $44,600  x   THTx2
                                               -------
                                               7.5 x B

                  where

                           THT  =   AHT  x  total number calls answered in
                                    ----    the month
                                    3600

                           B  =  the number of days in the month

                           AHT = the average "handle time" (duration) of a call
                           in the month, calculated in accordance with past
                           practices of the Bank

         13.      CHARGEBACK AND RETRIEVALS. In each month NDPS shall pay an
                  amount for Chargeback and Retrieval services provided to NDPS
                  equal to the cost to the Bank of the full-time employees of
                  the Bank dedicated to the provision of such services, provided
                  that for purposes of this section, NDPS agrees that it has
                  issued
<PAGE>

                  a Direction to the Bank within the meaning of section 2.4 of
                  the Transition Agreement that the number of employees may not
                  exceed 28 without the prior approval of NDPS.

         14.      SETTLEMENT ACCOUNTING. In each month NDPS shall pay an amount
                  for Settlement Accounting services provided to NDPS equal to
                  the cost to the Bank of the full-time employees of the Bank
                  dedicated to the provision of such services, provided that for
                  purposes of this section, NDPS agrees that it has issued a
                  Direction to the Bank within the meaning of section 2.4 of the
                  Transition Agreement that the number of employees may not
                  exceed four without the prior approval of NDPS.

         15.      DC RENT

                  (a)      In each month NDPS shall pay an amount to compensate
                           the Bank for the occupancy costs for the space used
                           by the Transition Employees at 750 Lawrence Avenue
                           not to exceed the monthly costs allocated to the
                           Merchant Card Services division for such space in the
                           fiscal year ended October 31, 2000.

                  (b)      If a Transition Service is terminated in accordance
                           with the terms of the Transition Agreement, the
                           amount payable under paragraph (a) shall be reduced
                           in the same proportion that the number of full-time
                           Transition Employees employed in providing the
                           terminated service in the immediately preceding month
                           is of the total number of full-time Transition
                           Employees in such month.

         16.      DIRECT OVERHEAD.

                  (a)      Subject to paragraph (b), the Bank shall deliver an
                           invoice to NDPS for the amounts payable by NDPS to
                           the Bank in each month as compensation for Direct
                           Overhead Charges incurred in providing the Transition
                           Services equal to 1/12 of the annual amount set forth
                           in paragraph (b)(i);

                  (b)      Within 60 days of the end of each fiscal year of the
                           Bank, the total amount payable under paragraph (a) in
                           such year shall be determined and adjusted to reflect
                           any adjustments to the amounts allocated to the
                           Transition Services and paid by NDPS in such year,
                           provided that:

                           (i)      in no event shall the total amount payable
                                    by NDPS for Direct Overhead charges exceed
                                    $2.2 million on an annualized basis, and

                           (ii)     appropriate adjustments shall be made to
                                    reflect the termination of any Transition
                                    Services in such year, such adjustments to
                                    be effected in a manner consistent with the
                                    past practice of the Bank.
<PAGE>

         17.      SUPPORT FOR AS400.

                  (a)      Subject to paragraph (b), the Bank shall deliver an
                           invoice to NDPS for the amounts payable by NDPS to
                           the Bank in each month as compensation for AS400
                           Support services equal to 1/12 of the annual amount
                           set forth in paragraph (b);

                  (b)      The total amount payable by NDPS for AS400 Support
                           services under paragraph (a) shall not exceed
                           $165,000 in each 12-month period; provided that if
                           this service is terminated prior to the end of a
                           complete 12-month period, the $165,000 cap shall be
                           adjusted downward in the same proportion that the
                           period such service is provided is of 12 months, and
                           the parties shall make any required adjustments
                           within two months of the date of termination.

         18.      INTRIA SERVICES.

         The costs incurred and the amounts allocated in respect of the
         following Intria Transition Services shall be calculated in accordance
         with past practice of the Bank:

                  (a)      Systems Processing Variable Charges. In each month,
                           NDPS shall pay an amount to compensate the Bank for
                           the variable systems processing charges incurred in
                           providing the Intria Transition Services equal to the
                           costs actually incurred by the Bank.

                  (b)      Flat Charges

                           (i)      Subject to clause (ii), in each month NDPS
                                    shall pay an amount for the "flat charges"
                                    incurred by the Bank in providing the Intria
                                    Transition Services (including charges for
                                    circuits, land boards and routers) equal to
                                    the amounts charged to the Bank by Intria.

                           (ii)     The monthly amount payable under clause (i)
                                    shall not exceed $37,855 unless the costs
                                    resulting in such excess have been approved
                                    in advance by NDPS.

                  (c)      Tandem

                           (i)      Subject to clause (ii), in each month, NDPS
                                    shall pay an amount for the Tandem-related
                                    costs incurred by the Bank in providing the
                                    Intria Transition Services equal to the sum
                                    of the variable third party costs for the
                                    support of, and services associated with,
                                    the Tandem computers, including, but not
                                    limited to, hardware maintenance, software
                                    support and utilities, that are incurred by
                                    the Bank in such month plus the costs
                                    associated with hardware usage that are
                                    incurred by the Bank in such month.
<PAGE>

                           (ii)     In the event that the Tandem-related costs
                                    incurred by the Bank exceed $11.7 million on
                                    an annualized basis, the Bank shall provide
                                    NDPS with supporting evidence that such
                                    excess is as a result of an increase in the
                                    variable third party costs.

                  (d)      Letter Shop. In each month, NDPS shall pay an amount
                           for Letter Shop services equal to the costs incurred
                           by the Bank in providing such services.

                  (e)      Sales Drafts. In each month, NDPS shall pay an amount
                           for Sales Draft services equal to the costs incurred
                           by the Bank in providing such services.

                  (f)      Host Testing & Other. In each month, NDPS shall pay
                           an amount for Host Testing & Other services equal to
                           the costs incurred by the Bank in providing such
                           services.

                  (g)      Direct Overhead

                           (i)      Subject to clause (ii), the Bank shall
                                    deliver an invoice to NDPS for the amounts
                                    payable by NDPS to the Bank in each month as
                                    compensation for Direct Overhead Charges
                                    incurred in providing the Intria Transition
                                    Services equal to 1/12 of the annual amount
                                    set forth in paragraph (g)(ii)(1);

                           (ii)     Within 60 days of the end of each fiscal
                                    year of the Bank, the total amount payable
                                    under clause (i) in such year shall be
                                    determined and adjusted to reflect any
                                    adjustments to the amounts allocated to the
                                    Transition Services and paid by NDPS in such
                                    year, provided that

                                    (1)     in no event shall the total amount
                                            payable by NDPS for Direct Overhead
                                            charges exceed $1.2 million on an
                                            annualized basis, and

                                    (2)     appropriate adjustments shall be
                                            made to reflect the termination of
                                            any Transition Services in such
                                            year, such adjustments to be
                                            effected in a manner consistent with
                                            the past practice of the Bank.
<PAGE>

                                  SCHEDULE 4.1

                        CLIENT RELATIONS REPRESENTATIVES

Client Relations Representative of the Bank:  Donna Price

Client Relations Representative of NDPS and GPI Canada:  Jim Kelly
<PAGE>

                                  SCHEDULE 9.11

                           NEW THREE PARTY AGREEMENTS

1.       Agreement between First Data Merchant Services, Canadian Imperial Bank
         of Commerce and the Purchaser regarding the processing of certain key
         accounts.

2.       Agreement between Discover Financial Services, Inc., Canadian Imperial
         Bank of Commerce and the Purchaser in respect of terminal sharing
         services provided to mutual clients of Discover Financial Services,
         Inc., Canadian Imperial Bank of Commerce and the Purchaser.

3.       Agreement between JCB International Co., Ltd., Canadian Imperial Bank
         of Commerce and the Purchaser in respect of terminal sharing,
         authorization and draft capture services provided to mutual clients of
         JCB International Co., Ltd., Canadian Imperial Bank of Commerce and the
         Purchaser.

4.       Agreement between Eigen Development Limited, Canadian Imperial Bank of
         Commerce and the Purchaser regarding the provision of customized
         merchant processing solutions to certain Merchants.

5.       Agreement between Canadian Imperial Bank of Commerce, Nobil IT Canada
         Corp. and the Purchaser regarding the provision of payment gateway and
         data processing services to Merchants.

6.       Agreement between BCE Emergis Inc., Canadian Imperial Bank of Commerce
         and the Purchaser regarding the provision of processing services for
         certain credit cards, non-bank cards and other transactions to
         Merchants.

7.       Agreement between NCR Canada Ltd., Canadian Imperial Bank of Commerce
         and the Purchaser regarding the provision of credit authorization,
         draft capture and other processing services to certain Merchants.

8.       Agreement between First Tennessee Bank National Association, Canadian
         Imperial Bank of Commerce and the Purchaser regarding the provision of
         customized merchant processing solutions to certain Merchants.

9.       Agreement between Global Payment Systems Inc., National Data
         Corporation, Canadian Imperial Bank of Commerce and the Purchaser
         regarding the provision of customized merchant processing solutions to
         certain Merchants.

10.      All oral agreements with secondary acquirors to exchange information
         and to accept and switch the following cards or services for selected
         Merchants:

--------------------------------------------------------------------------------
CARD NAME/SERVICES NAME                           PAN          BIN
--------------------------------------------------------------------------------
Province of Nova Scotia                            10         001100
--------------------------------------------------------------------------------
New Brunswick Power                                10         001390
--------------------------------------------------------------------------------
<PAGE>

--------------------------------------------------------------------------------
CARD NAME/SERVICES NAME                           PAN          BIN
--------------------------------------------------------------------------------
Quebec Government                                  10         001400
--------------------------------------------------------------------------------
Ontario Government                                 10         001500
--------------------------------------------------------------------------------
Natural Resources                                  10         001504
--------------------------------------------------------------------------------
Soquip                                             10         005400
--------------------------------------------------------------------------------
Husky Oil                                          14         200000
--------------------------------------------------------------------------------
Husky Oil                                          14         210710
--------------------------------------------------------------------------------
Husky Oil                                          14         271760
--------------------------------------------------------------------------------
Husky Oil                                          14         280370
--------------------------------------------------------------------------------
Husky Oil                                          14         294340
--------------------------------------------------------------------------------
Nova Scotia Government                             10         300749
--------------------------------------------------------------------------------
Canadian National                                  16         308138
--------------------------------------------------------------------------------
Carte Capitale (Fleet Card)                        16         600502
--------------------------------------------------------------------------------
Corp Rate (Fleet Card)                             16         600504
--------------------------------------------------------------------------------
Hamilton Discount (Sunys Fuels)                    18       600525110
--------------------------------------------------------------------------------
Hamilton Discount (Wilson Fuels)                   18       600525135
--------------------------------------------------------------------------------
Province of Nova Scotia                            16         600749
--------------------------------------------------------------------------------
Triton Construction                                16         600801
--------------------------------------------------------------------------------
Alberta Government                                 16         600837
--------------------------------------------------------------------------------
Saskatchewan Power                                 16         600934
--------------------------------------------------------------------------------
Quebec Government                                  16         600938
--------------------------------------------------------------------------------
Ontario Hydro                                      16         600946
--------------------------------------------------------------------------------
Ontario Government (Issued by ARI)                 16         601021
--------------------------------------------------------------------------------
BC Hydro                                           16         601051
--------------------------------------------------------------------------------
Manitoba Fleet                                     16         601310
--------------------------------------------------------------------------------
Manitoba Hydro                                     16         601491
--------------------------------------------------------------------------------
ARI RCMP (Issued by ARI)                           16         601548
--------------------------------------------------------------------------------
CAA                                                17         601655
--------------------------------------------------------------------------------
Government of the Yukon                            16         603183
--------------------------------------------------------------------------------
Federal Government (Issued by ARI)                 16         608000
--------------------------------------------------------------------------------
CAA                                                16         620272
--------------------------------------------------------------------------------
CAA                                                16         620273
--------------------------------------------------------------------------------
CAA                                                16         620275
--------------------------------------------------------------------------------
CAA                                                16         620277
--------------------------------------------------------------------------------
CAA                                                16         620279
--------------------------------------------------------------------------------
CAA                                                16         620282
--------------------------------------------------------------------------------
CAA                                                16         620285
--------------------------------------------------------------------------------
CAA                                                16         620286
--------------------------------------------------------------------------------
CAA                                                16         620287
--------------------------------------------------------------------------------
CAA                                                16         620288
--------------------------------------------------------------------------------
CAA                                                16         620299
--------------------------------------------------------------------------------
Province of New Brunswick                          16         636017
--------------------------------------------------------------------------------
GE Capital                                         16         690000
--------------------------------------------------------------------------------
Ultracar (Ultramar)                                16         701880
--------------------------------------------------------------------------------
Ultramar Commercial                                16        70716733
--------------------------------------------------------------------------------
Mohawk (Husky Oil)                                 14         707610
--------------------------------------------------------------------------------
BML (Associate Fleet Card)                         16         707859
--------------------------------------------------------------------------------
GE Capital                                         16         707876
--------------------------------------------------------------------------------
Triathalon                                         16         707901
--------------------------------------------------------------------------------
<PAGE>

--------------------------------------------------------------------------------
CARD NAME/SERVICES NAME                           PAN          BIN
--------------------------------------------------------------------------------
Transportation                                     16         708008
--------------------------------------------------------------------------------
Ultracar                                           16         708010
--------------------------------------------------------------------------------
ARI (Fleet Company)                                16         708020
--------------------------------------------------------------------------------
Nova                                               16         708030
--------------------------------------------------------------------------------
Canadian Fracmaster                                16         708035
--------------------------------------------------------------------------------
Cgear                                              16         708145
--------------------------------------------------------------------------------
Haliburton Energy Services                         16         708149
--------------------------------------------------------------------------------
Flint Canada                                       16         708150
--------------------------------------------------------------------------------
Beta Well Service                                  16         708180
--------------------------------------------------------------------------------
CVA                                                16         708196
--------------------------------------------------------------------------------
Schlumberger of Canada                             16         708201
--------------------------------------------------------------------------------
Akita Drilling Ltd.                                16         708202
--------------------------------------------------------------------------------
Opsco '92                                          16         708208
--------------------------------------------------------------------------------
Cactus Drilling                                    16         708209
--------------------------------------------------------------------------------
Superior Propane                                   14         708213
--------------------------------------------------------------------------------
UPI                                                16         708219
--------------------------------------------------------------------------------
McGinnis Rathole Drilling Co.                      16         708232
--------------------------------------------------------------------------------
Highland/Conrad                                    16         708244
--------------------------------------------------------------------------------
Smith International                                16         708255
--------------------------------------------------------------------------------
Premium Oil                                        16         708295
--------------------------------------------------------------------------------
Essor                                              17         708359
--------------------------------------------------------------------------------
AT&T                                               16         708545
--------------------------------------------------------------------------------
Foss Fleet                                         16         709200
--------------------------------------------------------------------------------
Province of British Columbia                       16         721357
--------------------------------------------------------------------------------
Peterson Howell & Heather                          16         744003
--------------------------------------------------------------------------------
Telebec                                            16         891007
--------------------------------------------------------------------------------
BC Tel Advantage                                   16         891228
--------------------------------------------------------------------------------
Telus                                              16         891258
--------------------------------------------------------------------------------
Bell Canada-Quebec                                 16         891369
--------------------------------------------------------------------------------
Manitoba Telephone System                          16         891687
--------------------------------------------------------------------------------
Sask Tel                                           16         891727
--------------------------------------------------------------------------------
Bell Canada-Ontario                                16         891789
--------------------------------------------------------------------------------
Northwest Telephone                                16         891930
--------------------------------------------------------------------------------
Diners Club
--------------------------------------------------------------------------------
Danier Leather
--------------------------------------------------------------------------------
Discover Card
--------------------------------------------------------------------------------
Hamilton Discount
--------------------------------------------------------------------------------
JCB
--------------------------------------------------------------------------------
Rona
--------------------------------------------------------------------------------
Sears
--------------------------------------------------------------------------------
Sir Gas
--------------------------------------------------------------------------------
Sunnys
--------------------------------------------------------------------------------
Zellers
--------------------------------------------------------------------------------
Tele-Cheque
--------------------------------------------------------------------------------
Tele-credit
--------------------------------------------------------------------------------
Veri-cheque
--------------------------------------------------------------------------------
NPC
--------------------------------------------------------------------------------
<PAGE>

-------------------------------------------------------------------------------
CARD NAME/SERVICES NAME                           PAN          BIN
-------------------------------------------------------------------------------
SECONDARY ACQUIRORS
-------------------------------------------------------------------------------
Bank of Montreal (MasterCard)
-------------------------------------------------------------------------------
National Bank (MasterCard)
-------------------------------------------------------------------------------
Canada Trust (MasterCard) -portfolio
acquired by First Data
-------------------------------------------------------------------------------
Alberta Treasury Branches (MasterCard)
-------------------------------------------------------------------------------
Credit Union Electronic Transaction Services
-------------------------------------------------------------------------------
American Express
-------------------------------------------------------------------------------
FTD
-------------------------------------------------------------------------------
SNS (now known as BCE Emergis)
-------------------------------------------------------------------------------
Global Payment Systems
-------------------------------------------------------------------------------
NCR
-------------------------------------------------------------------------------
Nabanco (now First Data)
-------------------------------------------------------------------------------<PAGE>

                                                                    EXHIBIT 10.5

                            STOCK PURCHASE AGREEMENT

            This Stock Purchase Agreement (this "Agreement") is made as of
November 9, 2000 by and among Global Payments Inc., a Georgia corporation (the
"Company"), Canadian Imperial Bank of Commerce, a bank governed by the Bank Act
(Canada) (the "Investor"), and, acting as guarantor of the Company's obligations
hereunder, National Data Corporation, a Delaware corporation ("NDC").

            WHEREAS, the Company, through its wholly-owned subsidiary, National
Data Payment Systems, a New York corporation ("NDPS"), operates, among other
things, a Merchant Business (as defined in the Asset Purchase Agreement, dated
as of the date hereof, between NDPS and the Investor (the "Asset Purchase
Agreement")) pursuant to agreements between the Investor and certain Merchants
(as defined in the Asset Purchase Agreement);

            WHEREAS, the Investor desires to sell and transfer, and NDPS desires
to purchase and assume, certain assets and liabilities related to the Investor's
Merchant Business and to enter into certain other agreements in connection
therewith, all on the terms and subject to the conditions set forth in the Asset
Purchase Agreement; and

            WHEREAS, the Asset Purchase Agreement requires, as a condition to
closing, that the Company and the Investor enter into this Agreement.

            NOW, THEREFORE, in consideration of the mutual promises hereinafter
set forth, the parties hereto agree as follows:

                                    SECTION 1

                                   DEFINITIONS

            1.1. DEFINITIONS. Unless otherwise defined herein, capitalized terms
used in this Agreement that are defined in the Asset Purchase Agreement shall
have the meanings given such terms in the Asset Purchase Agreement. The
following terms shall have the following meanings:

            "Closing" has the meaning set forth in Section 3.1.

            "Closing Date" has the meaning set forth in Section 3.1.

            "Common Stock" has the meaning set forth in Section 4.6(a).

            "Company Material Adverse Effect" means, for the purposes of this
      Agreement, a material adverse effect, singly or in the aggregate taking
      into account all representations containing a Company Material Adverse
      Effect qualifier, which could result in a loss of 20% or more in annual
      revenue, a 20% or more increase in expenses or a 20% or more
<PAGE>

                                                                               2

      reduction in the value of the assets of the Company from the revenue,
      expense and asset values, respectively, set forth on the financial
      statements of the Company for the twelve months ended May 31, 2000 (as set
      forth in the Form 10 Filing) or that would otherwise be reasonably
      expected to result in a material limitation on the Company's ability to
      perform its obligations under any of the Operative Documents.

            "Company SEC Documents" has the meaning set forth in Section 4.7(a).

            "Company's Knowledge" or other references to the "Knowledge of the
      Company" or words of similar import shall mean the actual knowledge after
      reasonable inquiry of Paul R. Garcia, Thomas M. Dunn, James Kelly, Barry
      Lawson, Suellyn Tornay and Vincent Perrelli, or any person who has assumed
      any of the duties and responsibilities of the any of the foregoing
      individuals prior to the time the applicable representation or warranty is
      being made.

            "Exchange Act" means the Securities Exchange Act of 1934, as
      amended.

            "Financial Statements" means the balance sheets, statements of
      income, statements of changes in the Investor's equity in division and
      statements of cash flows of the Investor in respect of the Merchant
      Business as at and for the fiscal year ending October 31, 1999 and the
      nine-month period ending July 31, 2000 and the accompanying statements of
      income for the year then ended.

            "HSR Act" means the Hart-Scott-Rodino Antitrust Improvements Act of
      1976, as amended.

            "Initial Transferred Shares" has the meaning set forth in Section
      2.1(a).

            "Investor Material Adverse Effect" means, for the purposes of this
      Agreement, a material adverse effect, singly or in the aggregate taking
      into account all representations containing an Investor Material Adverse
      Effect qualifier, which could result in a loss of 5% or more in annual
      revenue, a 3% or more increase in annual expenses, or a 3% or more
      reduction in the value of the applicable assets, from the revenues,
      expense and asset values, respectively, set forth on the Financial
      Statements or would otherwise be reasonably expected to result in a
      material limitation on the Investor's ability to perform its obligations
      under any of the Operative Documents.

            "Purchase Price" has the meaning set forth in Section 2.1.

            "Remaining Transferred Shares" has the meaning set forth in Section
      2.1(b).

            "SEC" means the United States Securities and Exchange Commission.

            "Securities Act" means the Securities Act of 1933, as amended.

            "Transferred Shares" has the meaning set forth in Section 2.1.
<PAGE>

                                                                               3

            "Voting Securities" means at any time (i) shares of any class of
      capital stock or other securities of the Company which are then entitled
      to vote generally in the election of Directors and not solely upon the
      occurrence and during the continuation of certain specified events, and
      (ii) securities of the Company convertible into, or exchangeable or
      exercisable for, the securities described in clause (i), and options,
      warrants or other rights to acquire such securities (regardless of whether
      such securities, options, warrants or other rights are then exercisable or
      convertible).

                                   SECTION 2

                           PURCHASE AND SALE OF STOCK

            2.1. PURCHASE AND SALE OF COMMON STOCK. Subject to the terms and
conditions hereof, the Company hereby agrees to issue and sell to the Investor,
and the Investor agrees to purchase from the Company, that number of shares of
Common Stock equal to 26.25% of the total number of shares of Common Stock
outstanding on a diluted basis (as determined in accordance with GAAP) on the
Closing Date after giving effect to such purchase (the "Transferred Shares"),
for a purchase price equal to the Cash Amount (the "Purchase Price"). The
delivery of the Transferred Shares shall occur as follows:

            (a) on the Closing Date, the Company shall deliver that number of
shares of Common Stock equal to 26.25% of the total number of shares of Common
Stock issued and outstanding after giving effect to the purchase (the "Initial
Transferred Shares"); and

            (b) no later than 60 days following the Closing Date, the Company
shall deliver that number of additional shares of Common Stock equal to the
difference between (i) 26.25% of the total number of shares of Common Stock
outstanding on a diluted basis (as determined in accordance with GAAP) after
giving effect to the issuance of the Initial Transferred Shares and calculated
as of the Closing Date and (ii) the Initial Transferred Shares.

                                   SECTION 3

                                    CLOSING

            3.1. CLOSING. The closing of the sale and purchase of the
Transferred Shares (the "Closing"), shall take place on the same date as the
closing of the transactions contemplated in the Asset Purchase Agreement (the
"Closing Date"). The Closing shall take place at the offices of Simpson Thacher
& Bartlett, 425 Lexington Avenue, New York, New York, or at such other location
as the parties hereto agree. The Company and the Investor agree to use their
Commercially Reasonable Efforts to consummate the Closing on the terms and
subject to the conditions set forth in this Agreement. At the Closing, subject
to the terms and conditions hereof:

            (a)   the Company shall deliver to the Investor a certificate
representing the Transferred Shares; and

            (b) the Investor shall satisfy the Purchase Price by delivering to
(and endorsing in favor of, if required) the Company the same form of
consideration received by the Investor from
<PAGE>

                                                                               4

NDPS in satisfaction of the Cash Amount pursuant to Section 4.1(a)(i) of the
Asset Purchase Agreement.

                                   SECTION 4

                REPRESENTATIONS AND WARRANTIES OF THE COMPANY

            The Company represents and warrants as follows to the Investor and
acknowledges and confirms that the Investor is relying upon the following
representations and warranties in connection with the purchase by the Investor
of the Transferred Shares.

            4.1. ORGANIZATION. The Company is a corporation duly organized and
validly existing under the Laws of the State of Georgia. The Company has all
requisite corporate power to own and to carry on its business as now being
conducted and is duly qualified, licensed or registered to carry on its business
in the jurisdictions in which the ownership of its property or the conduct of
its business makes such qualification necessary or where the Company owns or
leases any material properties or assets or conducts any material business,
except jurisdictions in which the failure to be so qualified, licensed or
registered would not, individually or in the aggregate, have or reasonably be
expected to result in a Company Material Adverse Effect.

            4.2. AUTHORITY. The Company has the corporate power and authority to
enter into and perform its obligations under this Agreement and each of the
other Operative Documents to which it is a party and to effect the transactions
contemplated hereby and thereby. The execution, delivery and performance of the
Operative Documents to which it is a party have been approved by all requisite
corporate action on the part of the Company, and, assuming this Agreement
constitutes the legally valid and binding agreement of the Investor, this
Agreement constitutes (and each other Operative Document to which the Company is
a party, when executed and delivered, will constitute) a legally valid and
binding obligation of the Company, enforceable in accordance with its terms,
subject only to any limitation under applicable Laws relating to bankruptcy,
insolvency, reorganization, moratorium and other similar Laws relating to or
affecting creditors' rights generally and the discretion that a court may
exercise in the granting of equitable remedies (whether considered in a
proceeding in equity or at law).

            4.3. LEGAL PROCEEDINGS. Except as set forth on SCHEDULE 4.3, there
are no actions, suits or proceedings pending or, to the Knowledge of the
Company, threatened against the Company that are reasonably likely to be
adversely determined and that, if adversely determined, would have a Company
Material Adverse Effect.

            4.4. NO VIOLATIONS. Except as set forth in SCHEDULE 4.4, the
execution, delivery and performance by the Company of this Agreement and the
other Operative Documents to which it is a party will not (i) violate, conflict
with, result in a breach of or constitute a default under (with or without
notice or lapse of time or both) any agreement, indenture, mortgage or lease to
which the Company is a party or by which the Company or its properties are
bound; (ii) constitute a violation by the Company of any Laws, (iii) violate,
conflict with or allow any other Person to exercise any rights under any of the
terms or provisions of its constituting documents or by-laws or any contracts or
instruments to which it is a party or to which any of its assets or properties
are subject, (iv) violate any order, judgment, injunction or decree of any
court,
<PAGE>

                                                                               5

arbitrator or Governmental Entity against or binding upon the Company,
and/or (v) result in a breach of, or cause the termination or revocation of, any
Authorization held by the Company that is necessary to the ownership of its
properties or the operation of its businesses, other than, in each of the
preceding clauses (i) through (vi), such violations, conflicts, breaches,
defaults or exercise of rights as would not reasonably be expected to have,
either individually or in the aggregate, a Company Material Adverse Effect.

            4.5. COMPLIANCE WITH LAWS. Except as set forth in SCHEDULE 4.5, the
Company is not in violation of any Law or any Association Rules (as defined in
the Marketing Alliance Agreement) or Clearing System Rules (as defined in the
Marketing Alliance Agreement) applicable to its business or properties in each
jurisdiction in which the Company carries on business or will carry on business
pursuant to the Operative Documents at the time it commences to carry on such
business, other than violations which, individually or in the aggregate, would
not reasonably be expected to result in a Company Material Adverse Effect.
Within the past twelve months and except as set forth on SCHEDULE 4.5, neither
the Company nor NDPS nor any of their respective Affiliates has received notice
from any Network Organization or Card Association that the Company or NDPS or
any of their respective Affiliates is not in compliance with any Association
Rules or Clearing System Rules and has not received notice of the assessment of
any fines or penalties due from the Company or NDPS or any of their respective
Affiliates to a Card Association or Network Organization.

              4.6. CAPITALIZATION AND RELATED MATTERS.

              (a) The authorized capital stock of the Company consists of (i)
200,000,000 shares of common stock, no par value (the "Common Stock") and (ii)
5,000,000 shares of preferred stock, no par value; none of which are issued or
outstanding. All issued and outstanding shares have been duly authorized and
validly issued, are fully paid and nonassessable and have been issued in
compliance with applicable federal and state securities Law and not in violation
of the preemptive rights of any Person. Except as set forth on SCHEDULE 4.6
attached hereto, there are no options, warrants, conversion rights, preemptive
rights, rights of first refusal, or similar rights presently outstanding to
purchase or otherwise acquire from the Company any of the Company's securities.

            (b) The Transferred Shares to be issued pursuant to the terms of
this Agreement have been duly authorized and, when issued in accordance with the
terms hereof, will be validly issued, fully paid and nonassessable. The
Transferred Shares will be issued free and clear of any Liens, are not and will
not be subject to any preemptive rights, rights of first refusal or restrictions
on transfer, except as set forth in the Investor Rights Agreement and except for
restrictions on transfer under applicable Canadian, United States federal and
state securities Laws.

            (c) As of November 8, 2000, the authorized capital stock of NDC
consists of (i) 200,000,000 shares of common stock, no par value, of which
32,956,215 shares are issued and outstanding, and (ii) 1,000,000 shares of
preferred stock, none of which are issued or outstanding. All issued and
outstanding shares have been duly authorized and validly issued, are fully paid
and nonassessable and have been issued in compliance with applicable federal and
state securities Law and not in violation of the preemptive rights of any
Person.
<PAGE>

                                                                               6

            4.7. SEC FILINGS; FINANCIAL STATEMENTS; ABSENCE OF CERTAIN CHANGES.

            (a) The Company has timely filed all reports, statements and
documents required to be filed by it with the SEC since September 8, 2000,
including without limitation the Form 10 Filing (collectively, the "Company SEC
Documents"), each of which complied in all material respects with the applicable
requirements of the Securities Act and the rules and regulations promulgated
thereunder, or the Exchange Act and the rules and regulations promulgated
thereunder, each as in effect on the date so filed. The Company has heretofore
delivered or made available to the Investor or (in the case of any such document
not yet filed with the SEC) promptly will deliver or make available to the
Investor, in the form filed with the SEC (including any amendments thereto),
true and complete copies of the Company SEC Documents. None of such Company SEC
Documents (including but not limited to any financial statements or schedules
included or incorporated by reference therein) contained when filed (or, if
amended or superseded by a filing prior to the Closing Date, then on the date of
such amending or superseding filing), any untrue statement of a material fact or
omitted to state a material fact required to be stated or incorporated by
reference therein or necessary in order to make the statements therein, in the
light of the circumstances under which they were made, not misleading.

            (b) Each of the audited and unaudited pro forma financial statements
of the Company (including any related notes thereto) included in the Company SEC
Documents, complies or, if not yet filed, will comply as to form in all material
respects with all applicable accounting requirements and with the published
rules and regulations of the SEC with respect thereto; has been or, if not yet
filed, will have been prepared in accordance with GAAP (except, in the case of
unaudited quarterly statements, as permitted by Form 10-Q under the Exchange
Act) applied on a consistent basis throughout the periods involved (except as
may be disclosed in the notes thereto) and fairly presents or, if not yet filed,
will fairly present the pro forma financial position and historical combined
results of operations and changes in cash flows of the Company as of the
respective dates or for the respective periods reflected therein (subject, in
the case of unaudited quarterly statements, to normal recurring adjustments that
are not material).

            (c) Except as and to the extent set forth on SCHEDULE 4.7(C) or the
combined balance sheet of the Company at August 31, 2000, including the notes
thereto, included in the Company SEC Documents, the Company has no liabilities,
debts, claims or obligations of any nature (whether accrued, absolute, direct or
indirect, contingent or otherwise, whether due or about to become due) which
would be required to be reflected on a balance sheet or in the notes thereto
prepared in accordance with GAAP, and there is no existing condition or set of
circumstances which would reasonably be expected, individually or in the
aggregate, to result in such a liability, in each case except for (i)
liabilities, debts, claims or obligations incurred in the Ordinary Course since
August 31, 2000, (ii) liabilities incurred pursuant to the terms of or as
contemplated by this Agreement, and (iii) liabilities, debts, claims and
obligations that would not, individually or in the aggregate, have or reasonably
be expected to have a Company Material Adverse Effect.

            4.8. AUTHORIZATIONS. Except as set forth on SCHEDULE 4.8 and except
as would not reasonably be expected to have a Company Material Adverse Effect,
no Authorization is required to be obtained or made by or with respect to the
Company in connection with the
<PAGE>

                                                                               7

execution, delivery or performance by the Company of the Operative Documents or
the consummation of the transactions contemplated hereby or thereby. Except as
set forth on SCHEDULE 4.8 and except as would not reasonably be expected to have
a Company Material Adverse Effect, all Authorizations necessary for the conduct
by the Company of its businesses have been issued or granted to the Company and
all such Authorizations are in full force and effect.

            4.9. MATERIAL ADVERSE CHANGES. Since August 31, 2000, no event has
occurred or circumstances exist which has had or could reasonably be expected to
result in a Company Material Adverse Effect.

            4.10. NO BROKERS' OR OTHER FEES. Except with respect to Goldman,
Sachs & Co., no broker, finder or investment banker is entitled to any fee or
commission in connection with the transactions contemplated hereby based upon
arrangements made by or on behalf of the Company.

            4.11. OFFERING VALID. Assuming the accuracy of the representations
of the Investor contained in Section 6 hereof, the offer, sale and issuance of
the Transferred Shares will be exempt from the registration requirements of the
Securities Act and will have been registered or qualified (or are exempt from
registration and qualification) under the registration, permit or qualification
requirements of all applicable United States state securities Laws.

                                   SECTION 5

                          CERTAIN ADDITIONAL AGREEMENTS

            5.1. GUARANTEE. From the date hereof until the Distribution Date,
NDC hereby guarantees full and timely performance by the Company of the
Company's obligations under this Agreement.

            5.2. CALCULATION OF THE REMAINING TRANSFERRED SHARES. Concurrently
with the delivery of the Remaining Transferred Shares pursuant to Section 2.1,
the Company shall execute and deliver a certificate of a senior officer of the
Company setting forth the capitalization of the Company on a diluted basis (as
determined in accordance with GAAP) on such date and the calculation used by the
Company to determine the Remaining Transferred Shares to be issued pursuant to
the terms of this Agreement, which certificate shall be satisfactory to the
Investor.

                                   SECTION 6

                REPRESENTATIONS AND WARRANTIES OF THE INVESTOR

            The Investor represents and warrants as follows to the Company and
acknowledges and confirms that the Company is relying upon the following
representations and warranties in connection with the sale by the Company of the
Transferred Shares.
<PAGE>

                                                                               8

            6.1. INVESTMENT REPRESENTATIONS. The Investor acknowledges that the
Transferred Shares have not been registered under the Securities Act or under
any state securities Laws. The Investor (a) is acquiring the Transferred Shares
for investment for its own account, not as a nominee or agent, and not with the
view to, or for resale in connection with, any distribution thereof, (b) is an
"accredited investor" within the meaning of Regulation D, Rule 501(a),
promulgated by the SEC, and (c) acknowledges that the Transferred Shares must be
held indefinitely unless subsequently registered under the Securities Act or
unless an exemption from the registration requirements of the Securities Act is
available.

            6.2. ORGANIZATION. The Investor is a bank governed by the Bank Act
(Canada). The Investor has all requisite corporate power to own and to carry on
its business as now being conducted and is duly qualified, licensed or
registered to carry on its business in the jurisdictions in which the ownership
of its property or the conduct of its business makes such qualification
necessary or where the Investor owns or leases any material properties or assets
or conducts any material business, except jurisdictions in which the failure to
be so qualified, licensed or registered would not, individually or in the
aggregate, have or reasonably be expected to result in an Investor Material
Adverse Effect.

            6.3. AUTHORITY. The Investor has the corporate power and authority
to enter into and perform its obligations under this Agreement and each of the
other Operative Documents to which it is a party and to effect the transactions
contemplated hereby and thereby. The execution, delivery and performance of the
Operative Documents to which it is a party have been approved by all requisite
corporate action on the part of the Investor, and, assuming this Agreement
constitutes the legally valid and binding agreement of the Company, this
Agreement constitutes (and each other Operative Document, when executed and
delivered pursuant hereto, will constitute) a legally valid and binding
obligation of the Investor, enforceable in accordance with its terms, subject
only to any limitation under applicable Laws relating to bankruptcy, insolvency,
reorganization, moratorium and other similar Laws relating to or affecting
creditors' rights generally and the discretion that a court may exercise in the
granting of equitable remedies (whether considered in a proceeding in equity or
at law).

            6.4. NO VIOLATIONS. The execution, delivery and performance by the
Investor of this Agreement and the other Operative Documents will not (i)
violate, conflict with, result in a breach of or constitute a default under
(with or without notice or lapse of time or both) any agreement, indenture,
mortgage or lease to which the Investor is a party or by which the Investor or
its properties are bound; (ii) constitute a violation by the Investor of any
Laws, (iii) violate, conflict with or allow any other Person to exercise any
rights under any of the terms or provisions of its constituting documents or
by-laws or any contracts or instruments to which it is a party or pursuant to
which any of its assets or properties are subject, (iv) violate any order,
judgment, injunction or decree of any court, arbitrator or Governmental Entity
against or binding upon the Investor, and/or (v) result in a breach of, or cause
the termination or revocation of, any Authorization held by the Investor that is
necessary to the ownership of its properties or the operation of its businesses,
other than, in each of the preceding clauses (i) through (v), such violations,
conflicts, breaches, defaults or exercise of rights as would not reasonably be
expected to have, either individually or in the aggregate, an Investor Material
Adverse Effect.
<PAGE>

                                                                               9

            6.5. AUTHORIZATIONS. Except as set forth on SCHEDULE 6.5 and except
as would not reasonably be expected to have an Investor Material Adverse Effect,
no Authorization is required to be obtained or made by or with respect to the
Investor in connection with the execution, delivery or performance by the
Investor of the Operative Documents or the consummation of the transactions
contemplated hereby or thereby. Except as set forth on SCHEDULE 6.5 and except
as would not reasonably be expected to have an Investor Material Adverse Effect,
all Authorizations necessary for the conduct by the Investor of its businesses
have been issued or granted to the Investor and all such Authorizations are in
full force and effect.

            6.6. NO BROKERS' OR OTHER FEES. Except with respect to CIBC World
Markets Corp., no broker, finder or investment banker is entitled to any fee or
commission in connection with the transactions contemplated hereby based upon
arrangements made by or on behalf of the Investor.

                                   SECTION 7

             CONDITIONS OF THE INVESTOR'S OBLIGATIONS AT CLOSING

            The obligation of the Investor to consummate the Closing is subject
to the fulfillment at or before the Closing of each of the following conditions:

            7.1. REPRESENTATIONS AND WARRANTIES. The representations and
warranties of the Company contained in this Agreement and the Operative
Documents shall be true and correct (in all material respects, in the case of
those representations and warranties which are not by their express terms
qualified by reference to materiality) on and as of the Closing Date with the
same force and effect as if such representations and warranties had been made on
and as of the Closing Date, except that any representations and warranties that
are made as of a specified date shall be true and correct (in all material
respects, in the case of those representations and warranties which are not by
their express terms qualified by reference to materiality) as of such date, and
the Company shall have executed and delivered a certificate of a senior officer
of the Company to such effect. The receipt of such certificate and the
consummation of the Closing shall not constitute a waiver by the Investor of any
of the representations and warranties of the Company that are contained in this
Agreement or in any of the other Operative Documents.

            7.2. PERFORMANCE. The Company and its Affiliates shall have
fulfilled or complied with all covenants contained in this Agreement and in any
other Operative Document to be fulfilled or complied with by it or such
Affiliate, respectively, at or prior to the Closing, except where the failure to
so fulfill or comply would not reasonably be expected to have a Company Material
Adverse Effect, and the Company shall have executed and delivered a certificate
of a senior officer to that effect. The receipt of such certificate and the
consummation of the Closing shall not constitute a waiver by the Investor of the
covenants of the Company that are contained in this Agreement or in any of the
Operative Documents.

            7.3. LEGAL INVESTMENT. On the Closing Date, there shall not be in
effect any Law directing that the purchase and sale of the Transferred Shares
and the other transactions
<PAGE>

                                                                              10

contemplated by this Agreement or any of the other Operative Documents not be
consummated or which has the effect of rendering it unlawful to consummate such
transactions.

            7.4. PROCEEDINGS AND LITIGATION. No action shall have been commenced
by any Governmental Entity against any party hereto seeking to restrain or delay
the purchase and sale of the Transferred Shares or the other transactions
contemplated by this Agreement or any of the other Operative Documents.

            7.5. BLUE SKY COMPLIANCE. The Company shall have complied with, and
the offer and sale of the Transferred Shares pursuant to this Agreement shall be
effective under all United States federal or state or Canadian provincial
securities or blue sky Laws applicable thereto.

            7.6. OPERATIVE DOCUMENTS. The Investor and an Affiliate of the
Company shall have entered into the Asset Purchase Agreement, the Marketing
Alliance Agreement, the General Conveyance Agreement, the Transition Agreement,
the Investor Rights Agreement, the Trademark License Agreement and the Credit
Facility.

            7.7. BANK REGULATORY APPROVALS. The Investor shall have received all
consents and approvals required under the Bank Act (Canada) and the Bank Holding
Company Act of 1956, as amended, and any required waiting periods under the HSR
Act shall have expired or been terminated, without the imposition of any
conditions that either party, in its reasonable discretion, considers unduly
burdensome.

            7.8. COMPETITION ACT AND INVESTMENT CANADA ACT. (a) Each of the
Investor and the Company shall have filed all notices and information required
under Part IX of the Competition Act (Canada) and satisfied any request for
additional information thereunder and the applicable waiting periods shall have
expired without the Commissioner of Competition having notified the Company that
he intends to apply to the Competition Tribunal for an order under Sections 92,
100 or 104 of the Competition Act (Canada) in respect of the transactions
contemplated herein, or the parties shall have received an Advance Ruling
Certificate ("ARC") pursuant to the Competition Act (Canada) from the Commission
of Competition; (b) no proceedings shall have been taken or threatened to be
taken under the merger provisions of Part VIII or under Section 45 of the Act in
respect of the transactions contemplated herein; and (c)Investment Canada shall
have provided a receipt to the Company pursuant to the Investment Canada Act or
the Company shall have received evidence, satisfactory to it, indicating that
the acquisition of the Assets Sold and the Merchant Business is not a reviewable
transaction or, if it is a reviewable transaction, the Minister shall have been
satisfied or deemed to have been satisfied that such acquisition is likely to be
a net benefit to Canada.

            7.9. CONSUMMATION OF THE ASSET PURCHASE. All the conditions to
closing set forth in Sections 10.2 and 10.3 of the Asset Purchase Agreement
shall have been satisfied and the transactions contemplated in the Asset
Purchase Agreement shall have been consummated substantially on the terms set
forth therein.

            7.10. CALCULATION OF THE INITIAL TRANSFERRED SHARES. The Company
shall have executed and delivered a certificate of a senior officer of the
Company setting forth the total
<PAGE>

                                                                              11

number of shares of capital stock of the Company issued and outstanding on the
Closing Date after giving effect to the Closing and the calculation used by the
Company to determine the Initial Transferred Shares to be issued pursuant to the
terms of this Agreement, which certificate shall be satisfactory to the
Investor.

                                   SECTION 8

              CONDITIONS OF THE COMPANY'S OBLIGATIONS AT CLOSING

            The obligation of the Company to consummate the Closing is subject
to the fulfillment at or before the Closing of each of the following conditions:

            8.1. REPRESENTATIONS AND WARRANTIES. The representations and
warranties of the Investor contained in this Agreement shall be true and correct
(in all material respects, in the case of those representations and warranties
which are not by their express terms qualified by reference to materiality) on
and as of the Closing Date with the same force and effect as if such
representations and warranties had been made on and as of the Closing Date,
except that any representations and warranties that are made as of a specified
date shall be true and correct (in all material respects, in the case of those
representations and warranties which are not by their express terms qualified by
reference to materiality) as of such date, and the Investor shall have executed
and delivered a certificate of a senior officer to such effect. The receipt of
such certificate and the consummation of the Closing shall not constitute a
waiver by the Company of any of the representations and warranties of the
Investor that are contained in this Agreement or in any of the other Operative
Documents.

            8.2. PERFORMANCE. The Investor shall have fulfilled or complied with
all covenants contained in this Agreement and in any other Operative Document,
respectively, to be fulfilled or complied with by it at or prior to the Closing,
except where the failure to so fulfill or comply would not reasonably be
expected to have a Company Material Adverse Effect, and the Investor shall have
executed and delivered a certificate of a senior officer of the Investor to that
effect. The receipt of such certificate and the consummation of the Closing
shall not constitute a waiver by the Company of the covenants of the Investor
that are contained in this Agreement or in any of the other Operative Documents.

            8.3. LEGAL INVESTMENT. On the Closing Date, there shall not be in
effect any Law directing that the purchase and sale of the Transferred Shares
and the other transactions contemplated by this Agreement or any of the other
Operative Documents not be consummated or which has the effect of rendering it
unlawful to consummate such transactions.

            8.4. PROCEEDINGS AND LITIGATION. No action shall have been commenced
by any Governmental Authority against any party hereto seeking to restrain or
delay the purchase and sale of the Transferred Shares or the other transactions
contemplated by this Agreement or any of the other Operative Documents.

            8.5. BLUE SKY COMPLIANCE. The offer and sale of the Transferred
Shares pursuant to this Agreement shall be effective under all United States
federal or state or Canadian provincial securities or blue sky Laws applicable
thereto.
<PAGE>

                                                                              12

            8.6. OPERATIVE DOCUMENTS. The Investor and an Affiliate of the
Company shall have entered into the Asset Purchase Agreement, the Marketing
Alliance Agreement, the Transition Agreement, the Investor Rights Agreement and
the Trademark License Agreement.

            8.7. BANK REGULATORY APPROVALS. The Investor shall have received all
consents and approvals required under the Bank Act (Canada) and the Bank Holding
Company Act of 1956, as amended, and any required waiting periods under the HSR
Act shall have expired or been terminated, without the imposition of any
conditions that either party, in its reasonable discretion, considers unduly
burdensome.

            8.8. COMPETITION ACT AND INVESTMENT CANADA ACT. (a) Each of the
Investor and the Company shall have filed all notices and information required
under Part IX of the Competition Act (Canada) and satisfied any request for
additional information thereunder and the applicable waiting periods shall have
expired without the Commissioner of Competition having notified the Company that
he intends to apply to the Competition Tribunal for an order under Sections 92,
100 or 104 of the Competition Act (Canada) in respect of the transactions
contemplated herein, or the parties shall have received an Advance Ruling
Certificate ("ARC") pursuant to the Competition Act (Canada) from the Commission
of Competition; (b) no proceedings shall have been taken or threatened to be
taken under the merger provisions of Part VIII or under Section 45 of the Act in
respect of the transactions contemplated herein; and (c)Investment Canada shall
have provided a receipt to the Company pursuant to the Investment Canada Act or
the Company shall have received evidence, satisfactory to it, indicating that
the acquisition of the Assets Sold and the Merchant Business is not a reviewable
transaction or, if it is a reviewable transaction, the Minister shall have been
satisfied or deemed to have been satisfied that such acquisition is likely to be
a net benefit to Canada.

            8.9. CONSUMMATION OF THE ASSET PURCHASE. All the conditions to
closing set forth in Sections 10.1 and 10.3 of the Asset Purchase Agreement
shall have been satisfied and the transactions contemplated in the Asset
Purchase Agreement shall have been consummated substantially on the terms set
forth therein.

                                   SECTION 9

                                  MISCELLANEOUS

            9.1. LIMITATION OF CLAIMS. Notwithstanding anything to the contrary
herein, (a) neither the Company nor the Investor shall be entitled to recover
from the other party for any claims for indemnity or damages with respect to any
inaccuracy or breach of any representations or warranties unless and until the
total of all such claims exceeds $500,000 and then only for the amount by which
such claims exceed such amount; (b) in no event shall such recovery exceed
Cdn.$150,000,000 in the aggregate; and (c) in no event shall the Investor or the
Company recover more than once with respect to any inaccuracy or breach of the
same or similar representations or warranties in this Agreement and the Asset
Purchase Agreement with regard to the same event, circumstance or occurrence.

            9.2. EXPENSES. Except as otherwise specifically provided in this
Agreement, all parties shall pay their own costs and expenses in connection with
this Agreement and the
<PAGE>

                                                                              13

transactions contemplated hereby, including, but not by way of limitation, all
attorney's fees, accounting fees and other expenses.

9.3. NOTICES. All notices, demands and other communications hereunder shall be
sent as set forth below, shall be in writing, and shall be delivered in person;
deposited in regular mail, sent via national overnight carrier; or sent via
facsimile as long as the sending party has telephone confirmation that the
entire facsimile was actually received by the receiving party.

                  (i) If to the Investor to:

                  c/o CIBC World Markets Inc.
                  BCE Place, 8th Floor
                  161 Bay Street
                  Toronto ON M5J 2S8
                  Attention:  Executive Vice President, Card Products,
                  Collections and Merchant Card Services
                  Facsimile No.: (416) 784-6868

                  with a copy to:

                  Canadian Imperial Bank of Commerce
                  Legal and Compliance Division
                  199 Bay Street
                  Commerce Court West
                  15th Floor
                  Toronto, Ontario M5L 1A2
                  Attention:  Associate General Counsel
                  Facsimile No.: (416) 304-2860

                  and to:

                  Simpson Thacher & Bartlett
                  425 Lexington Avenue
                  New York, New York 10017
                  Attention:  Lee Meyerson, Esq.
                  Facsimile No.: (212) 455-2502

                  (ii) If to the Company, to:

                  National Data Payment Systems, Inc.
                  #2 National Data Plaza
                  Atlanta, Georgia 30329-2010
                  Attention: Office of the Corporate Secretary
                  Facsimile No.: (404) 728-2990
<PAGE>

                                                                              14

                  with a copy to:

                  National Data Payment Systems, Inc.
                  #2 National Data Plaza
                  Atlanta, Georgia 30329-2010
                  Attention:  Paul R. Garcia, Chief Executive Officer
                  Facsimile No.: (404) 728-3412

The persons or addresses to which mailings or deliveries shall be made may be
changed from time to time by notice given pursuant to the provisions of this
Section 9.2. Any notice, demand or other communication given pursuant to the
provisions of this Section 9.2 shall be deemed to have been given on the date
actually delivered.

         9.4. THIRD PARTY BENEFICIARIES. Except as provided in Section 9.6,
neither party to this Agreement intends this Agreement to benefit or create any
right or cause of action in or on behalf of any Person other than the Company,
the Investor or NDC.

         9.5. INDEPENDENT CONTRACTORS. Nothing contained in this Agreement or
any other Operative Document shall be construed as constituting a partnership,
joint venture or agency between the Company and the Investor. Rather, the
parties shall be deemed independent contractors for all purposes.

         9.6. SUCCESSORS AND ASSIGNS. All terms and provisions of this Agreement
shall be binding upon and shall inure to the benefit of the parties hereto and
their respective transferees, successors and permitted assigns. This Agreement
and the rights, privileges, duties and obligations of the parties hereto may not
be assigned or delegated by either party without the written consent of the
other party; provided, however, that no such consent shall be required for the
assignment (or designation of performance) by either party of its rights,
privileges, duties and obligations hereunder to a Person controlling, controlled
by or under common control with such party (it being understood that no such
assignment (or designation of performance) shall relieve the assigning party of
its duties or obligations hereunder).

         9.7. AMENDMENTS AND WAIVERS. This Agreement, any of the instruments
referred to herein and any of the provisions hereof or thereof shall not be
amended, modified or waived in any fashion except by an instrument in writing
signed by the parties hereto or thereto. No delay on the part of any party
hereto in exercising any right, power or privilege hereunder shall operate as a
waiver thereof, nor shall any waiver on the part of any party hereto of any
right, power or privilege hereunder operate as a waiver of any other right,
power or privilege hereunder, nor shall any single or partial exercise of any
right, power or privilege hereunder preclude any other or further exercise
thereof or the exercise of any other right, power or privilege hereunder.

         9.8. SEVERABILITY OF PROVISIONS. If any provision of this Agreement, or
the application of any such provision to any Person or circumstance, shall be
held invalid by a court of competent jurisdiction, the remainder of this
Agreement, or the application of such provision to Persons or circumstances
other than those as to which it is held invalid, shall not be affected thereby.
<PAGE>

                                                                              15

         9.9. COUNTERPARTS. This Agreement may be executed in one or more
counterparts, all of which taken together shall constitute one instrument.

         9.10. GOVERNING LAW. This Agreement shall be governed by and construed
in accordance with the Laws of the State of New York applicable to contracts
made and to be performed therein. The Company and the Investor hereby agree to
submit to the jurisdiction of the courts of the State of New York, the courts of
the United States of America for the Southern District of New York, and
appellate courts from any thereof in any action or proceeding arising out of or
relating to this Agreement. The parties hereto irrevocably and unconditionally
waive trial by jury in any legal action or proceeding in relation to this
Agreement and for any counterclaim therein.

         9.11. CAPTIONS. The captions contained in this Agreement are for
convenience of reference only and do not form a part of this Agreement.

         9.12. ENTIRE AGREEMENT. The making, execution and delivery of this
Agreement by the parties hereto have been induced by no representations,
statements, warranties or agreements other than those herein expressly set
forth. This Agreement and the other written instruments specifically referred to
herein embody the entire understanding of the parties and there are no further
or other representations, warranties, agreements or understandings, written or
oral, in effect between the parties relating to the subject matter hereof. The
Schedules attached to this Agreement shall, for all purposes of this Agreement,
form an integral part of it.

         9.13. JOINT ANNOUNCEMENT; CONFIDENTIALITY. Except as required by Law or
by any stock exchange, the Company and the Investor agree not to publicly
disclose the transactions contemplated by this Agreement, provided, however,
that promptly after the date hereof, after prior consultation with each other as
to the substance and form of the public disclosure of the transactions
contemplated by this Agreement, the Company and the Investor shall make
individual announcements or a joint announcement of the execution of, and the
transactions provided for under, this Agreement. Notwithstanding the foregoing,
after the Closing, and subject to the confidential provisions set out in any of
the Operative Documents, nothing herein shall prevent either party from
disclosing, either publicly or otherwise, that the transaction contemplated
herein took place, provided that any such disclosure does not contain any
information regarding any term or condition of this Agreement or any Operative
Document which has not been previously disclosed pursuant to a mutually agreed
press release or which has not been approved for disclosure by the other party.

         9.14. GENDER AND NUMBER. Any reference in this Agreement or any other
Operative Document to gender includes all genders and words importing the
singular number only shall include the plural and vice versa.

         9.15. CURRENCY. All references in this Agreement or any other Operative
Document to dollars, unless otherwise specifically indicated, are expressed in
United States dollars.

         9.16. TIME OF THE ESSENCE. Time shall be of the essence of this
Agreement.
<PAGE>

                                                                              16

         9.17. HEADINGS. The section headings of this Agreement are for
convenience and shall not by themselves determine the interpretation of this
Agreement.

         9.18. SURVIVAL OF WARRANTIES. The representations and warranties of the
parties contained in or made pursuant to this Agreement shall survive for a
period of one year from the date of the Closing.

         9.19. ADDITIONAL AGREEMENTS OF THE PARTIES. Each of the parties, as
promptly as practicable after the execution of this Agreement, will (i) make, or
cause to be made, all such filings and submissions under all Laws applicable to
it, as may be required for it to consummate the purchase and sale of the
Transferred Shares in accordance with the terms of this Agreement, (ii) use its
Commercially Reasonable Efforts to obtain, or to cause to be obtained, all
Authorizations necessary or advisable to be obtained by it in order to
consummate such transfer, and (iii) use its Commercially Reasonable Efforts to
take, or to cause to be taken, all other actions which are necessary or
advisable in order for it to fulfill its obligations under this Agreement. The
parties will coordinate and cooperate with one another in exchanging such
information and supplying such assistance as may be reasonably requested by each
in connection with the foregoing including, without limitation, providing each
other with all notices and information supplied to or filed with any
Governmental Entity (except for notices and information which the Company or the
Investor, in each case acting reasonably, considers highly confidential and
sensitive which may be filed on a confidential basis), and all notices and
correspondence received from any Governmental Entity.

         9.20. TERMINATION. This Agreement shall be terminated and the
transactions contemplated hereby abandoned at any time prior to the Closing upon
the earlier to occur of:

            (a)  the mutual consent of the Company and the Investor; or

            (b) termination of the Asset Purchase Agreement in accordance with
the provisions of Article XI thereof.
<PAGE>

                                                                              17

            IN WITNESS WHEREOF, the parties hereto have executed this Agreement
as of the date above set forth.

                              GLOBAL PAYMENTS INC.

                              By: /s/ Suellyn P. Tornay
                                  --------------------------------
                              Name: Suellyn P. Tornay
                              Title: General Counsel

                              CANADIAN IMPERIAL BANK OF COMMERCE

                              By: /s/ Christine Croucher
                                  --------------------------------
                              Name: Christine Croucher
                              Title:

                              By: /s/ David A. Caldwell
                                  --------------------------------
                              Name: David A. Caldwell
                              Title:

                              With respect to Sections 4.6(c) and 5.1 only:

                              NATIONAL DATA CORPORATION

                              By: /s/ Suellyn P. Tornay
                                  --------------------------------
                              Name: Suellyn P. Tornay
                              Title: General Counsel
<PAGE>

                                  SCHEDULE 4.3

                                LEGAL PROCEEDINGS

        None.

                                  SCHEDULE 4.4

                                  NO VIOLATIONS

        None.

                                  SCHEDULE 4.5

                              COMPLIANCE WITH LAWS

        Nothing material.

                                  SCHEDULE 4.6

                       CAPITALIZATION AND RELATED MATTERS

        2000 Non-Employee Director's Stock Option Plan.

        2000 Long Term Incentive Plan.

        2000 Employee Stock Purchase Plan.

                                 SCHEDULE 4.7(C)

          SEC FILINGS; FINANCIAL STATEMENTS; ABSENCE OF CERTAIN CHANGES

        None.

                                  SCHEDULE 4.8

                             COMPANY AUTHORIZATIONS

      These include approvals or waivers under the Canadian Competition Act and
      the Investment Canada Act, the Bank Act (Canada), the Bank Holding Company
      Act (U.S.), and the Hart-Scott-Rodino Antitrust Improvements Act of 1976
      (US), and by the Office of the Superintendent of Financial Institutions
      (Canada).

                                  SCHEDULE 6.5

                             INVESTOR AUTHORIZATIONS

      Any approval required under the Bank Act (Canada).
<PAGE>

                                TABLE OF CONTENTS

                                                                            PAGE

                              SECTION 1 DEFINITIONS

  1.1.  DEFINITIONS..........................................................1

                      SECTION 2 PURCHASE AND SALE OF STOCK

  2.1.  PURCHASE AND SALE OF COMMON STOCK....................................3

                                SECTION 3 CLOSING

  3.1.  CLOSING..............................................................3

           SECTION 4 REPRESENTATIONS AND WARRANTIES OF THE COMPANY

  4.1.  ORGANIZATION.........................................................4
  4.2.  AUTHORITY............................................................4
  4.3.  LEGAL PROCEEDINGS....................................................4
  4.4.  NO VIOLATIONS........................................................4
  4.5.  COMPLIANCE WITH LAWS.................................................5
  4.6.  CAPITALIZATION AND RELATED MATTERS...................................5
  4.7.  SEC FILINGS; FINANCIAL STATEMENTS; ABSENCE OF CERTAIN CHANGES........6
  4.8.  AUTHORIZATIONS.......................................................6
  4.9.  MATERIAL ADVERSE CHANGES.............................................7
  4.10. NO BROKERS' OR OTHER FEES............................................7
  4.11. OFFERING VALID.......................................................7

                   SECTION 5 CERTAIN ADDITIONAL AGREEMENTS

  5.1.  GUARANTEE............................................................7
  5.2.  CALCULATION OF THE REMAINING TRANSFERRED SHARES......................7

           SECTION 6 REPRESENTATIONS AND WARRANTIES OF THE INVESTOR

  6.1.  INVESTMENT REPRESENTATIONS...........................................8
  6.2.  ORGANIZATION.........................................................8
  6.3.  AUTHORITY............................................................8
  6.4.  NO VIOLATIONS........................................................8
  6.5.  AUTHORIZATIONS.......................................................9
  6.6.  NO BROKERS' OR OTHER FEES............................................9

        SECTION 7 CONDITIONS OF THE INVESTOR'S OBLIGATIONS AT CLOSING

  7.1.  REPRESENTATIONS AND WARRANTIES.......................................9
  7.2.  PERFORMANCE..........................................................9
  7.3.  LEGAL INVESTMENT.....................................................9
  7.4.  PROCEEDINGS AND LITIGATION..........................................10
  7.5.  BLUE SKY COMPLIANCE.................................................10
  7.6.  OPERATIVE DOCUMENTS.................................................10
  7.7.  BANK REGULATORY APPROVALS...........................................10
  7.8.  COMPETITION ACT AND INVESTMENT CANADA ACT...........................10
  7.9.  CONSUMMATION OF THE ASSET PURCHASE..................................10
  7.10. CALCULATION OF THE INITIAL TRANSFERRED SHARES.......................10

         SECTION 8 CONDITIONS OF THE COMPANY'S OBLIGATIONS AT CLOSING

  8.1.  REPRESENTATIONS AND WARRANTIES......................................11
  8.2.  PERFORMANCE.........................................................11
  8.3.  LEGAL INVESTMENT....................................................11
<PAGE>

                                                                               2

  8.4.  PROCEEDINGS AND LITIGATION..........................................11
  8.5.  BLUE SKY COMPLIANCE.................................................11
  8.6.  OPERATIVE DOCUMENTS.................................................12
  8.7.  BANK REGULATORY APPROVALS...........................................12
  8.8.  COMPETITION ACT AND INVESTMENT CANADA ACT...........................12
  8.9.  CONSUMMATION OF THE ASSET PURCHASE..................................12

                             SECTION 9 MISCELLANEOUS

  9.1.  LIMITATION OF CLAIMS................................................12
  9.2.  EXPENSES............................................................12
  9.3.  NOTICES.............................................................13
  9.4.  THIRD PARTY BENEFICIARIES...........................................14
  9.5.  INDEPENDENT CONTRACTORS.............................................14
  9.6.  SUCCESSORS AND ASSIGNS..............................................14
  9.7.  AMENDMENTS AND WAIVERS..............................................14
  9.8.  SEVERABILITY OF PROVISIONS..........................................14
  9.9.  COUNTERPARTS........................................................15
  9.10. GOVERNING LAW.......................................................15
  9.11. CAPTIONS............................................................15
  9.12. ENTIRE AGREEMENT....................................................15
  9.13. JOINT ANNOUNCEMENT; CONFIDENTIALITY.................................15
  9.14. GENDER AND NUMBER...................................................15
  9.15. CURRENCY............................................................15
  9.16. TIME OF THE ESSENCE.................................................15
  9.17. HEADINGS............................................................16
  9.18. SURVIVAL OF WARRANTIES..............................................16
  9.19. ADDITIONAL AGREEMENTS OF THE PARTIES................................16
  9.20. TERMINATION.........................................................16

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