Document:

Exhibit 10.5

 

SOFTWARE LICENSE AND SERVICES AGREEMENT 

 

THIS SOFTWARE
LICENSE AND SERVICES AGREEMENT and the Exhibits attached hereto (collectively, the "Agreement") is entered into by and
between MyECheck, Inc., a Wyoming Corporation ("MyECheck"), and GreenPay LLC, a Wyoming Limited Liability Company ("GREENPAY"),
on February 24, 2014 (the "Effective Date"). In consideration of the mutual covenants and conditions contained herein,
the parties agree as follows:

 

1. DEFINITIONS. The following definitions apply throughout
this Agreement:

 

1.1 "Documentation"
means MyECheck's published user manuals relating to the Software as of the Effective Date or as it relates to any Modification
or Major Release as of the date of delivery of each Modification or Major Release, as applicable.

 

1.2 "Error"
means any failure of the Software to operate in conformance with the Documentation in any material respect.

 

1.3 "Maintenance"
shall mean the services provided by MyECheck to GREENPAY as set forth in Section 7 and Exhibit B attached hereto.

 

1.4 "Modification"
means any revisions, enhancements, bug fixes, patches, Error resolutions and all other changes to the Software required to insure
that the Software operates in conformance with the Documentation and Specifications.

 

1.5 "Order"
means the form forwarded by MyECheck, substantially equivalent to Exhibit A to this Agreement, to purchase a license to use Software
or to purchase Maintenance under this Agreement.

 

1.6 "Production"
means GREENPAY's use of the Software to provide e-commerce functionality to GREENPAY's customers (or potential customers) through a live GREENPAY service or GREENPAY customer, partner
or affiliate service.

 

1.7 "Professional
Services Agreement" means the agreement attached hereto as Exhibit C and all written statements of work signed by GREENPAY
and related thereto.

 

1.8 "Software"
means the software modules listed in Exhibit A and any Major Releases, Modifications, interim releases, bug fixes and patches applicable
to such software modules.

 

    	 

    	 

    

 

1.9 "Source Code" means the Software fully
documented in its source code (i.e., human readable) form; (ii) a compiler, similar computer program or any other software
which is necessary to convert the source code form into the object code form of the Software; and (iii) runtime software
necessary to execute the source code form of the Software, including but not limited to interpreters and templates. Also for
the purposes of this Agreement, "Commentary" shall include explanations, flow charts, schematics, algorithms,
subroutine descriptions, class and object descriptions, memory and overlay maps, statements of principles of operations,
architecture standards, data flow descriptions, class, base-class and sub-class descriptions, data structures and control
logic of the software and any other documentation of the source code form of the Software, all in sufficient detail to enable
a trained programmer through study of such materials to maintain and/or modify the software without undue
experimentation.

 

2. LICENSE
GRANT. Subject to the terms and conditions of this Agreement, MyECheck hereby grants to GREENPAY (and its successors and assigns
as permitted herein) a perpetual, non-exclusive, transferable (except as otherwise expressly set forth herein), enterprise-wide
right and license to use, maintain, modify, enhance and create derivative works from the Software (in object code form only and
only in accordance with the Documentation) and the Documentation for GREENPAY's business use in accordance with the provisions
of Section 3, and to make as many backup (non-use other than for disaster testing and recovery purposes) copies as may be necessary,
provided that GREENPAY shall keep a record of each such backup copy and the location of its storage, and shall provide any and
all such records to MyECheck upon request. GREENPAY must reproduce and include any and all copyright, proprietary and any other
notices that appear on the original Software and any media therefore on any copies made by GREENPAY. GREENPAY may exercise its
rights hereunder through third party subcontractors for the sole purpose of assisting GREENPAY in its permitted use of the Software;
provided, however, that each such third party subcontractor must agree in a legally binding writing, to which MyECheck is a named
third party beneficiary, to be bound by terms and conditions at least as protective of and beneficial to MyECheck as those set
forth herein.

 

    	 

    	 

    

 

3. RESTRICTIONS ON USE.

 

3.1 Proprietary
Rights. GREENPAY acknowledges that the Software, its structure, organization and Source Code, and the Documentation are the property
and constitute valuable trade secrets of MyECheck and its suppliers. GREENPAY agrees not to: (a) decompile or disassemble the Software,
separate the Software into its component parts, or in any way attempt to reconstruct or discover any source code or algorithms
of the Software by any means whatsoever; (b) remove any product identification, trademark, copyright, confidentiality, proprietary
or other notice contained on or within the Software; (c) modify or create any derivative works from the Software or any part thereof,
except to the extent that the Software provides for user-modifiable components (d) except as otherwise permitted herein, sell,
sublicense, lease, rent, loan, assign, convey or otherwise transfer the Software or any component thereof; (e) otherwise copy or
use the Software for any purpose or in any manner not expressly permitted in this Agreement; or (f) knowingly permit or encourage
any third party to do any of the foregoing. All assistance requested by GREENPAY for integration with existing or proposed GREENPAY
systems or software shall be provided by MyECheck in accordance with Section 7. All rights in and to the Software and Documentation
not expressly granted to GREENPAY in this Agreement are reserved by MyECheck and its suppliers.

 

3.2 Restrictions.
GREENPAY shall use the Software only on the operating system specified in Exhibit A; provided, however, that a breach of this sentence
by GREENPAY shall not be considered a material breach.

 

4. ORDERING AND DELIVERY. An Order
will be binding on both parties when signed by authorized representatives of GREENPAY. Each Order shall include the following information:
(a) the Software licensed or to which Support and Maintenance shall apply, and (b) the applicable fees. No additional or different
terms in any purchase order or similar document shall modify the terms of this Agreement. For purposes of this Agreement, initial
delivery of the Software and Documentation will be deemed to have occurred upon MyECheck providing GREENPAY with a password to
access a web page from which GREENPAY may download the Software and Documentation. The Software will be deemed accepted upon initial
delivery, subject to the warranties in Section 9.

 

5. LICENSE
FEES AND PAYMENT. GREENPAY shall pay to MyECheck the license fees for the Software set forth in Exhibit A (the "License Fees").
All fees hereunder exclude all applicable sales, use, value-added, property and other taxes, including duties and similar mandatory
payments, and GREENPAY will be responsible for payment of all such taxes (other than taxes based on MyECheck's net income), and
any related penalties and interest, arising from the payment of such fees, the delivery or license of the Software, or the provision
of any services to GREENPAY. All amounts under this Agreement are in U.S. dollars and payment must be made in such. GREENPAY will
make all payments of amounts due under this Agreement to MyECheck free and clear of, and without reduction for, any withholding
taxes. If GREENPAY is legally required to make any such withholding from any payment due to MyECheck under this Agreement, the
sum payable by GREENPAY upon which such withholding is based shall be increased to the extent necessary to ensure that, after such
withholding, MyECheck receives an amount equal to the amount MyECheck would have received in the absence of such withholding. GREENPAY
will provide MyECheck with official receipts issued by the appropriate taxing authority, or such other evidence as MyECheck may
reasonably request, to establish that such taxes have been paid. MyECheck reserves the right to charge interest on any overdue
amounts at a rate of one and one-half percent (1.5%) per month or the maximum rate permitted by applicable law, whichever is less,
from the due date until paid plus reasonable costs incurred in collection (including reasonable attorneys' fees).

 

    	 

    	 

    

 

6. OWNERSHIP OF DERIVATIVE WORKS.

 

Derivative
Works. Any and all derivative works to the Software which are created pursuant to this Agreement shall be owned by MyECheck, but
GREENPAY shall have the same rights and licenses to such derivative works as GREENPAY has to the Software.

 

7. MAINTENANCE.

 

7.1 Maintenance
Terms. Maintenance provided by MyECheck shall be pursuant to MyECheck's standard maintenance terms, a copy of which is attached
hereto as Exhibit B. Maintenance shall be provided solely to the Maintenance site set forth in Exhibit A.

 

7.2 Maintenance
Fees and Payment. GREENPAY shall pay to MyECheck the Maintenance fee set forth in Exhibit A for Maintenance for twelve (12) months
from the Effective Date. Additional periods in one year increments and shall be priced at MyECheck's then-current standard license
fee; provided, however, that in no event shall GREENPAY's Maintenance fee relating to the licenses purchased by GREENPAY on the
Effective Date increase by more than ten percent (10%) from year to year after the second consecutive 12 month term of licensing
.. GREENPAY's payment of Maintenance fees shall be due in advance, on the first day of each month, (prorated for partial months).
In the event that Maintenance is discontinued or suspended, to reinstate or renew Maintenance GREENPAY must first pay MyECheck
Maintenance fees for the interim period during which Maintenance was discontinued or suspended and MyECheck may in its sole discretion
elect not to accept such renewal or reinstatement.

 

8. SERVICES.
Services (other than support and maintenance services provided pursuant to Exhibit B), if any, to be provided to GREENPAY by MyECheck
shall be under the terms of Exhibit C attached hereto ("Services Exhibit").

 

    	 

    	 

    

 

9. WARRANTY.

 

9.1 Limited
Software Warranty. MyECheck represents, warrants, and covenants that:

 

MyECheck warrants to the
original end user ("Customer"), and not to subsequent end users, of the Extreme Networks software product
("Software") that for ninety (90) days from the date of installation of the Software from MyECheck, the Software
shall substantially conform with the specification for the Software at the ("Documentation"). MyECheck does not
warrant (i) that the Software is error free, (ii) that Customer will be able to operate the Software without problems or
interruptions or (iii) that the Software will be free of vulnerability to intrusion or attack. Except for the limited
warranty set forth in this section, the Software is provided "AS IS."

 

9.2 Disclaimer.
EXCEPT FOR THE LIMITED REPRESENTATIONS, WARRANTIES, AND COVENANTS EXPRESSLY STATED HEREIN, THE SOFTWARE, DOCUMENTATION AND MAINTENANCE,
AS WELL AS ALL SERVICES, ARE PROVIDED "AS IS," AND MYECHECK AND ITS SUPPLIERS HEREBY EXPRESSLY DISCLAIM ANY AND ALL WARRANTIES
OF ANY KIND OR NATURE, WHETHER EXPRESS, IMPLIED OR STATUTORY, INCLUDING WITHOUT LIMITATION THE IMPLIEDWARRANTIES OF TITLE,
NON-INFRINGEMENT, MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. EXCEPT FOR THE LIMITED REPRESENTATIONS, WARRANTIES AND
COVENENANTS EXPRESSLY STATED HEREIN, MYECHECK AND ITS SUPPLIERS DO NOT WARRANT OR REPRESENT THAT THE SOFTWARE, DOCUMENTATION OR
MAINTENANCE WILL BE FREE FROM BUGS OR THAT THEIR USE WILL BE UNINTERRUPTED OR ERROR-FREE, OR MAKE ANY OTHER REPRESENTATIONS REGARDING
THE USE, OR THE RESULTS OF THE USE, OF THE SOFTWARE OR DOCUMENTATION IN TERMS OF CORRECTNESS, ACCURACY, RELIABILITY, OR OTHERWISE.
GREENPAY ACKNOWLEDGES THAT MYECHECK IS NOT RESPONSIBLE FOR AND WILL HAVE NO LIABILITY FOR HARDWARE, SOFTWARE OR OTHER ITEMS OR
ANY SERVICES PROVIDED BY ANY PERSON OR ENTITY OTHER THAN MYECHECK OR ITS EMPLOYEES, AGENTS OR CONTRACTORS OR FOR NETWORK FAILURE.
GREENPAY FURTHER ACKNOWLEDGES THAT IT HAS RELIED ON NO WARRANTIES OTHER THAN THE EXPRESS WARRANTIES SET FORTH IN THIS AGREEMENT.

 

    	 

    	 

    

 

10. CONFIDENTIALITY.
In the course of performing this Agreement, the parties may disclose to each other Confidential Information. "Confidential
Information" shall mean any and all non-public technical and non-technical information provided by either party to the other,
including but not limited to (i) patent and patent applications; (ii) trade secrets; and (iii) proprietary information including,
but not limited to, ideas, sketches, techniques, drawings, works of authorship, models, inventions, know-how, processes, apparatuses,
equipment, algorithms, software programs, software source documents, and formulae related to the current, future and proposed products
and services of each of the parties, and including, without limitation, their respective information concerning research, experimental
work, development, design details and specifications, engineering, financial information, procurement requirements, purchasing,
manufacturing, customer lists, investors, employees, business and contractual relationships, business forecasts, sales, merchandising,
marketing plans and information the disclosing party provides regarding third parties. All Confidential Information shall remain
the sole property of the disclosing party, and the receiving party shall have no interest in or rights with respect thereto except
as expressly set forth in this Agreement. Each party agrees: (i) not to use any Confidential Information of the other party for
any purpose except in the performance of its obligations under this Agreement or as otherwise expressly permitted hereunder; (ii)
to disclose such Confidential Information only to employees (or third party subcontractors permitted under this Agreement) who
have a need to know such Confidential Information for purposes of this Agreement and who are under a duty of confidentiality no
less restrictive than that set forth herein; (iii) to protect such Confidential Information from unauthorized use, access or disclosure
in the same manner that it protects its own similar Confidential Information, but in no event with less care than a reasonably
prudent business would exercise and (iv) to promptly notify the other party of any actual or potential unauthorized access to or
use of Confidential Information. The foregoing restrictions on disclosure shall not apply with respect to any information which:
(a) was or becomes generally known or publicly available through no act or failure to act on the part of the receiving party; (b)
is known by the receiving party without restrictions on disclosure at the time of receiving such information as evidenced by its
records; (c) is rightfully furnished to the receiving party without restrictions on disclosure by a third party without a breach
of such third party's obligations of confidentiality; or (d) is required by law to be disclosed by the receiving party, provided
that the receiving party: (x) gives the disclosing party prompt written notice of such requirement prior to such disclosure; (y)
provides assistance in obtaining an order protecting Confidential Information from disclosure; and (z) discloses information only
to the extent required by law. GREENPAY further agrees not to disclose to any third party any performance information (including,
without limitation, benchmarks) relating to the Software except as otherwise expressly contemplated herein. This Section 10 will
survive any termination of the Agreement for a period of three (3) years with respect to non-technical information and in perpetuity
with respect to technical information, including the Software, the Documentation and any code.

 

    	 

    	 

    

 

11. MYECHECK
INDEMNITY. MyECheck agrees to indemnify, defend and hold harmless GREENPAY, its officers, directors, employees and agents from
and against all damages and costs (including reasonable attorneys' fees) finally awarded against GREENPAY (or finally settled
upon) and arising from or relating to:

 

(i) any claim brought against GREENPAY by a third party
alleging that the Software directly infringes any patent, copyright, trademark or other intellectual property right or misappropriates
any trade secret (recognized as such under the Uniform Trade Secrets Act). The parties acknowledge and agree that MyECheck's obligations
under this item (i) of this Section 11 are conditioned upon GREENPAY providing MyECheck: (a) prompt written notice of the existence
of such claim, suit, action or proceeding (each a "claim"); provided that a failure of the GREENPAY to promptly notify
MyECheck shall not relieve MyECheck of liability hereunder except to the extent that MyECheck 's defenses to such claim are materially
impaired by such failure to promptly notify; (b) sole control over the defense or settlement of such claim, it being agreed that
MyECheck shall not enter into any settlement imposing any liability or obligation on GREENPAY without GREENPAY's prior written
consent; and (c) assistance at MyECheck's request and sole expense, to the extent reasonably necessary for the defense or settlement
of such claim. If any claim that MyECheck is obligated to defend has occurred or, in MyECheck's opinion, is likely to occur, MyECheck
may, at its option and expense either (1) obtain for GREENPAY the right to continue to use the applicable Software, (2) replace
or modify the Software so it becomes non-infringing, without materially adversely affecting the Software's specified functionality,
or (3) if (1) or (2) are not readily available after using reasonable commercial efforts or, if neither of the foregoing options
is commercially reasonable, refund all fees paid by Customer and terminate this Agreement; provided that termination pursuant to
this subsection 11 (ii)(3) shall be deemed a termination by GREENPAY for cause. Notwithstanding the foregoing, MyECheck shall not
indemnify, defend or hold harmless GREENPAY for any claims solely based on: (a) any GREENPAY or third party intellectual property
or software incorporated in or combined with the Software where in the absence of such incorporated or combined item, there would
not have been infringement, but excluding any third party software or intellectual property incorporated into the Software at MyECheck's
discretion; (b) Software which has been altered or modified by GREENPAY, by any third party or by MyECheck at the request of GREENPAY
(where MyECheck had no discretion as to the implementation of modifications to the Software or Documentation directed by GREENPAY),
where in the absence of such alteration or modification the Software would not be infringing; or (c) use of any version of the
Software with respect to which MyECheck has made available a non-infringing updated, revised or repaired subsequent version or
other applicable update, patch or fix;

 

    	 

    	 

    

 

(ii) the use of MyECheck's premises
by GREENPAY employees pursuant to this Agreement; or

 

(iii) any claim of personal injury or
tangible personal property damage (excluding data) of whatsoever nature or kind arising, in whole or in part, out of, as a
result of, or in connection with the gross negligent or willful misconduct of MyECheck, its employees, subcontractors or
agents. Furthermore, MyECheck agrees to maintain commercial general liability insurance of at least $2.5 million, covering
MyECheck's obligations contained herein on a claims-made basis with coverage for at least one year from the date of
completion of the services. The provisions of this Section 11 herein shall survive for a period of one year following the
earlier of (a) completion of the Maintenance services or (b) termination of this Agreement.

 

12. GREENPAY
INDEMNITY. GREENPAY agrees to indemnify, defend and hold harmless MyECheck from and against all damages and costs (including
reasonable attorneys' fees) finally awarded against MyECheck (or finally settled upon) and arising from: (i) any claim of
personal injury or tangible personal property damage (excluding data) of whatsoever nature or kind arising, in whole or in
part, out of, as a result of, or in connection with the gross negligent or willful misconduct of GREENPAY, its employees,
subcontractors or agents; (ii) any claim brought against MyECheck by a third party alleging that the GREENPAY Materials (as
defined in Exhibit C) directly infringe any U.S. copyright or trademark or misappropriate any trade secret (recognized as
such under the Uniform Trade Secrets Act) in existence as of the Effective Date; or (iii) any claim brought against MyECheck
by a third party arising from or relating to any modification of the Software by GREENPAY or any use of the Software other
than as permitted under this Agreement. The parties acknowledge and agree that GREENPAY's obligations under this section are
conditioned upon MyECheck providing GREENPAY: (1) prompt written notice of the existence of such claim, suit, action or
proceeding (each a "claim"); (2) sole control over the defense or settlement of such claim; and (3) assistance at
GREENPAY's request to the extent reasonably necessary for the defense of such claim. The foregoing sets forth GREENPAY's sole
and exclusive obligation and MyECheck's sole and exclusive remedy for any claim of intellectual property infringement or
misappropriation relating to the GREENPAY Materials. Notwithstanding the foregoing, GREENPAY shall not indemnify, defend or
hold harmless MyECheck for any claims arising from: (a) any MyECheck intellectual property or software incorporated in or
combined with the GREENPAY Materials where in the absence of such incorporated or combined item, there would not have
been infringement; (b) GREENPAY Materials which have been altered or modified by MyECheck (other than in response to a
request by GREENPAY), where in the absence of such alteration or modification the GREENPAY Materials would not be infringing;
(c) use of an any version of the GREENPAY Materials for which GREENPAY has made available an updated, revised or repaired
subsequent version; or (d) the gross negligence or willful misconduct of MyECheck or any of its agents, subcontractors or
employees. Upon notice of any claim of infringement or upon reasonable belief of the likelihood of such a claim, GREENPAY
shall have the right, at its option, to: (x) obtain the rights to continued use of the GREENPAY Materials; (y) substitute
other suitable, functionally-equivalent, non-infringing materials; or (z) replace or modify the GREENPAY Materials or their
design so that they are no longer infringing. Furthermore, GREENPAY agrees to maintain commercial general liability insurance
of at least $2.5 million, covering GREENPAY's obligations contained herein on a claims-made basis with coverage for at least
one year from the date of completion of the services. The provisions of this Section 12 herein shall survive for a period of
one year following the earlier of (a) completion of the Maintenance services or (b) termination of this Agreement.

 

    	 

    	 

    

 

13. Limitation of Liability.
EXCEPT FOR ANY BREACH OF SECTION 9 OR WITH REGARD TO ANY DUTY OR OBLIGATION REQUIRED PURSUANT TO SECTION 11 OR 12 OR WITH
REGARD TO ANY ACT OF GROSS NEGLIGENCE OR WILLFUL MISCONDUCT, AND TO THE EXTENT NOT PROHIBITED BY APPLICABLE LAW, NEITHER
PARTY HERETO NOR ITS SUPPLIERS SHALL BE LIABLE FOR ANY LOSS OF USE OR GOODWILL, INTERRUPTION OF BUSINESS, LOSS OR INACCURACY
OF BUSINESS INFORMATION, LOST PROFITS, COST OF PROCUREMENT OF SUBSTITUTE GOODS OR SERVICES, OR ANY INDIRECT, SPECIAL,
INCIDENTAL, EXEMPLARY OR CONSEQUENTIAL DAMAGES OF ANY KIND REGARDLESS OF THE FORM OF ACTION WHETHER IN CONTRACT, TORT
(INCLUDING NEGLIGENCE), STRICT PRODUCT LIABILITY, OR OTHERWISE, EVEN IF IT OR ITS SUPPLIERS HAVE BEEN ADVISED OF THE
POSSIBILITY OF SUCH DAMAGES. EXCEPT FOR ANY BREACH OF SECTION 3.1 OR 9 OR WITH REGARD TO ANY DUTY OR OBLIGATION REQUIRED
PURSUANT TO SECTION 11 OR 12 OR WITH REGARD TO ANY FEE PAYMENT OBLIGATIONS OR ACT OF GROSS NEGLIGENCE, BAD FAITH OR WILLFUL
MISCONDUCT, IN NO EVENT SHALL EITHER PARTY'S LIABILITY TO THE OTHER ARISING FROM OR RELATING TO THIS AGREEMENT EXCEED THE
AMOUNT OF LICENSE FEES RECEIVED BY MYECHECK UNDER THIS AGREEMENT. THE EXISTENCE OF ONE OR MORE CLAIMS WILL NOT
ENLARGE THIS LIMIT. THE PARTIES ACKNOWLEDGE AND AGREE THAT THIS SECTION IS AN ESSENTIAL ELEMENT OF THE AGREEMENT AND THAT
IN ITS ABSENCE, THE ECONOMIC TERMS OF THIS AGREEMENT WOULD BE SUBSTANTIALLY DIFFERENT.

 

    	 

    	 

    

 

14. TERM AND TERMINATION.

 

14.1 Term.
This Agreement shall remain in effect unless and until terminated as provided herein.

 

14.2 Termination.
GREENPAY may terminate this Agreement at any time for any reason following thirty (30) days notice to MyECheck. Either party may
terminate this Agreement if the other party fails to cure any breach of this Agreement within thirty (30) days after receiving
notice of the occurrence of such breach (or immediately in the case of a material breach of a material term within Section 3 or
Section 9).

 

14.3 Effects of Termination. Upon
termination of this Agreement for any reason, any amounts owed under this Agreement will be immediately due and payable all rights
and licenses granted under this Agreement will immediately cease to exist, and GREENPAY must promptly discontinue all use of the
Software and Documentation. Upon termination GREENPAY shall erase all copies of the Software and Documentation from GREENPAY's
computers, return to MyECheck or destroy all copies of the Software and Documentation on tangible media in

GREENPAY's possession or control
and certify in writing to MyECheck that it has fully complied with these requirements.

 

14.4 Survival.
Sections 1, 3, 5, 6, 9, 10, 11, 12, 13, 14 and 15 shall survive any termination hereof.

 

15. GENERAL.

 

15.1 Independent
Contractors. The relationship of MyECheck and GREENPAY established by this Agreement is that of independent contractors, and nothing
contained in this Agreement shall be construed to: (i) give either party the power to direct and control the day-to-day activities
of the other, (ii) constitute the parties as partners, joint venturers, co-owners or otherwise as participants in a joint or common
undertaking, or (iii) allow either party to create or assume any obligation on behalf of the other party for any purpose whatsoever.

 

15.2 Compliance
with Laws. Each party will comply with all applicable export and import control laws and regulations in its use of the Software
and will not export or re-export the Software without all required United States and foreign government licenses.

 

15.3 Press
Release. Upon execution of this Agreement and as soon as reasonably practical after the GREENPAY's first full week of Production,
the parties may issue a mutually agreed press release regarding GREENPAY's engagement of MyECheck and use of the Software. MyECheck
may develop and, with the GREENPAY's prior written consent (such consent not to be unreasonably withheld or delayed) publish a
case study, highlighting the main benefits provided by MyECheck and the Software, when the first GREENPAY site goes into Production.
MyECheck agrees not to publicly issue any press release without GREENPAY's prior approval (which approval will not be unreasonably
withheld or delayed).

 

    	 

    	 

    

 

15.4 Notices.
Any notice required or permitted hereunder shall be in writing and delivered in person or by means evidenced by a delivery receipt
to the address specified below and will be effective upon receipt. Either party may change its contact information upon written
notice to the other party.

 

15.5 Assignment.
This Agreement may not be assigned or transferred by GREENPAY (in whole or in part and whether voluntarily, involuntarily, or
by operation of law) without the prior written consent of MyECheck and any attempt to do so shall be null and void and of no
effect. Notwithstanding the foregoing, GREENPAY may assign this Agreement to an entity that acquires or succeeds to all or
substantially all of GREENPAY's business and assets (a "Successor") by providing thirty (30) days prior written
notice to MyECheck, and provided that: (i) MyECheck does not reasonably consider such Successor a direct competitor; and (ii)
such assignment is in writing and states that such Successor is accepting all obligations of GREENPAY under this Agreement
and agrees to be bound by and discharge each of the Agreement's terms, conditions, and obligations as if it were the original
party hereto.

 

15.6 Governing Law.
This Agreement shall be deemed to have been made and performed in, and shall be construed pursuant to the laws of the State
of California, excluding application of its conflict of laws principles. In the event MyECheck initiates any legal
proceeding with regard to the interpretation or enforcement of this Agreement, the parties hereby agree to submit to the
exclusive jurisdiction of the appropriate state and federal courts of the State of California. In the event that GREENPAY
initiates any legal proceeding with regard to the interpretation or enforcement of this Agreement, the parties hereby agree
to submit to the exclusive jurisdiction of the appropriate state and federal courts of the State of California, County of El
Dorado. Each party irrevocably waives, to the maximum extent permitted by applicable law, any objection that it may now or
hereafter have to the laying of venue for any such proceeding brought in such courts and any claims that any proceeding
brought in any such court has been brought in an inconvenient forum. If either party retains counsel for the purpose of
enforcing or preventing the breach or threatened breach of any provision contained herein or otherwise retains counsel to
enforce any right or remedy it may have, then the prevailing party will be entitled to be promptly reimbursed by the non-prevailing party for all reasonable costs, fees and expenses, including reasonable attorneys' fees, expended or so incurred
by the prevailing party. The United Nations Convention on Contracts for the International Sale of Goods is specifically
disclaimed and shall not apply to this Agreement.

 

    	 

    	 

    

 

15.7 Remedies. Each
party recognizes and agrees that there is no adequate remedy at law for a threatened or actual breach of Section 3, Section
6, Section 10 or Section 15.3, that such a breach would irreparably harm the non-breaching party and that such
non-breaching party is entitled to seek equitable relief (including an injunction) with respect to any such breach or
potential breach, in addition to any other remedies available at law.

 

15.8 Waivers
and Amendments. Any waiver of or amendment to the terms of this Agreement shall be effective only if made in writing and signed
by an authorized and duly empowered representative of each of the parties hereto. No failure to exercise, and no delay in exercising
any right hereunder will operate as a waiver thereof, nor will any single or partial exercise of any right hereunder preclude further
exercise of any right hereunder.

 

15.9 Reference.
Upon MyECheck's reasonable request (or the reasonable request of a third party directed to GREENPAY by MyECheck), GREENPAY
may act as a reference for MyECheck, including taking reference calls from prospective MyECheck customers to discuss the merits
of the Software and to share GREENPAY's experience working with MyECheck.

 

15.10 Severability.
If any provision of this Agreement is found by a court of competent jurisdiction to be unenforceable or invalid, that provision
shall be changed and interpreted to accomplish the objectives of such provision to the greatest extent possible under applicable
law and the remaining provisions shall remain in full force and effect. GREENPAY agrees that Section 13 will remain in effect notwithstanding
the enforceability or unenforceability of any provision of Section 9.

 

15.11 Confidentiality
of Agreement. Neither party will disclose any terms of this Agreement, including prices or discounts, to anyone other than its
attorneys, accountants or other professional advisors or to any investor or potential investor who agrees to maintain the confidentiality
of such information. Notwithstanding the foregoing, either party may make limited disclosure of the terms of this Agreement to
the extent required by law, provided that the disclosing party: (i) provides the non-disclosing party reasonable prior notice of
such disclosure, and (ii) uses its best efforts to protect and limit the disclosure of such information to the extent possible.
Notwithstanding the foregoing, GREENPAY agrees that MyECheck may acknowledge GREENPAY as a MyECheck customer.

 

    	 

    	 

    

 

15.12 Construction. Section headings in
this Agreement are for convenience only and are not to be used in interpreting this Agreement. As used in this Agreement,
the word "including" means "including but not limited to". The parties acknowledge and agree that no
implied rights or licenses are conveyed by this Agreement, that all rights are specific to the parties and do not extend to
their parents, subsidiaries or affiliates and that all rights in and to the Software not expressly granted to GREENPAY in
this Agreement are reserved by MyECheck and its suppliers.

 

15.13 Promotion.
Each party hereby grants to the other party a nonexclusive, non-transferable, right and license to display such party's trademarks
and logo (subject to the terms and conditions of such party's standard trademark usage guidelines) for purposes of reference and
acknowledgement.

 

15.14 Counterparts.
This Agreement may be executed in counterparts, each of which will be considered an original, but all of which together will constitute
the same instrument. Execution and delivery of this Agreement may be evidenced by facsimile transmission.

 

15.15 Inspection
Rights. Upon reasonable notice and under the confidentiality terms of Section 10 MyECheck shall have the right once per year to
reasonably inspect the GREENPAY's premises and relevant records to determine compliance with this Agreement.

 

15.16 Force
Majeure. Any delay in the performance of any duties or obligations of either party (except the payment of money owed) will not
be considered a breach of this Agreement if such delay is caused by a labor dispute, market shortage of materials, fire, earthquake,
flood or any other event beyond the control of such party, provided that such party uses reasonable efforts, under the circumstances,
to resume performance as soon as reasonably practicable.

 

15.17 U.S.
Government Rights. The Software is a "commercial item," as that term is defined at 48 C.F.R. 2.101 (Oct. 1995),
consisting of "commercial computer software" and "commercial computer software documentation," as such
terms are used in 48 C.F.R. 12.212 (Sept. 1995). Consistent with 48 C.F.R. 12.212 and 48 C.F.R. 227.7202-1
through 227.7202-4 (June 1995) (or an equivalent provision, e.g., in supplements of various U.S. government
agencies, as applicable), all U.S. Government users acquire the Software with only those rights set forth herein.

 

    	 

    	 

    

 

15.18 Section
365(n) of Internal Revenue Code. All rights and licenses granted under or pursuant to this Agreement by MyECheck to GREENPAY are,
and shall otherwise be deemed to be, for purposes of Section 365(n) of the United States Bankruptcy Code (the “Code”),
licenses to rights to “intellectual property” as defined under the Code. The parties agree that GREEPAY, as a licensee
of such rights under this Agreement, shall retain and may fully exercise all of its rights and elections under the Code. The parties
further agree that, in the event of the commencement of bankruptcy proceeding by or against MyECheck under the Code, GREENPAY shall
be entitled to retain all of its rights under this agreement.

 

1 5 . 1 9 Parties Advised by Counsel. This
agreement has been negotiated between parties who are sophisticated and knowledgeable in the matters contained herein and who have
been represented by legal counsel. The provisions of this Agreement shall be interpreted in a reasonable manner to effect the intentions
of the parties and any rule of law (including Section 1654 of the California Civil Code and any other authority of any jurisdiction
of similar effect) which would require interpretation of any ambiguities in this Agreement against the drafting party is not applicable
and is hereby waived.

 

15.20 Entire Agreement. Both parties agree
that this Agreement, along with the Exhibits hereto, is the complete and exclusive statement of the mutual understanding of the
parties and supersedes and cancels all previous and contemporaneous written and oral agreements and communications relating to
the subject matter of this Agreement.

 

15.21 Remedies. The rights and remedies of each party as set forth
in this Agreement are not exclusive and are in addition to any other rights and remedies available to it in law or in equity.

 

IN WITNESS WHEREOF, the parties have caused their duly authorized
representatives to enter into this agreement, effective as of the Effective Date.

 

	MYECHECK, INC.	GREENPAY, LLC
	 	 
	BY:  /s/ EDWARD R. STARRS	BY:  /s/ MATTHEW A. HANSON
	 	 
	PRINT NAME:  EDWARD R. STARRS	PRINT NAME:  MATTHEW A. HANSON
	 	 
	TITLE:  CEO	TITLE:  MANAGING DIRECTOR
	 	 
	ADDRESS FOR NOTICE:	ADDRESS FOR NOTICE:
	 	 
	MyECheck, Inc.	GREENPAY, LLC
	 	 
	6026 Ladero Dr 	 
	El Dorado Hills, CA 95762	 
	Phone: (916) 222-4376	Phone:
	Fax: (866) 419-0363	Fax:

 

    	 

    	 

    

 

EXHIBIT A

 

SOFTWARE MODULES

LICENSE FEES

 

	SOFTWARE LICENSE FEE	$100,000.00
	 	 
	TRANSACTION FEES 	 
	 	 
	 	$0.01/Transaction 

 

To run on Linux, Apache, & PGSQL

 

		•	Patent enabling x9 file creation software (checkEngine) [compiled C code, multi threaded]

 

		•	Database Schema for payment system [for PGSQL]

 

		•	Web application for transaction collection and processing

 

		•	Bank and Merchant reporting engine

 

		•	Web based merchant reporting

 

		•	Web based Administration (minimal)

 

    	 

    	 

    

 

EXHIBIT B 

 

MAINTENANCE EXHIBIT

 

1. SCOPE OF
COVERAGE. Upon payment of applicable fees, MyECheck will provide consulting and maintenance services pursuant to this Exhibit ("Maintenance")
for a period of twelve (12) months following the date of execution of this agreement.

 

2. MAINTENANCE SERVICES. Subject
to the terms of this Exhibit and GREENPAY's payment of all Maintenance fees, MyECheck will provide the following:

 

2.1. Severity
Levels. MyECheck will use commercially reasonable efforts to acknowledge and address, as described below, reported and reproducible
material errors in the Software which prevent the Software from performing substantially in accordance with the Documentation (each
an "error or issue"). MyECheck recognizes three severity levels of Software errors or issues:

 

(a) Severity
1 - Major System Impact. The Software suffers an error or issue which cannot be reasonably circumvented and which either (i)
prevents GREENPAY from being able to execute transactions through the Software or (ii) otherwise so substantially impairs the performance
of the Software as to effectively render it unusable. MyECheck will use commercially reasonable efforts to acknowledge any such
reported error or issue as promptly as possible (but in no event longer than two (2) hours) and, if GREENPAY is using the Software
in Production, will work 24 hours a day, 7 days a week using commercially reasonable efforts to promptly address and remedy such
error or issue.

 

    	 

    	 

    

 

(b) Severity
2 - Moderate System Impact. The Software suffers an error or issue (which is not of Severity 1) which cannot be reasonably circumvented
and which substantially impairs the use of one or more portions or features of the Software required by GREENPAY to perform necessary
business functions. MyECheck will acknowledge any such reported error or issue promptly, but in no event longer than within four
(4) hours and, if GREENPAY is using the Software in Production, will use commercially reasonable efforts to address and remedy
such error with timeliness corresponding to the severity of the impact of such error on GREENPAY's business operation, including
but not limited to working continually to address and remedy such error during MyECheck's normal Maintenance hours.

 

(c) Severity
3 - Minor System Impact. The Software suffers an error or issue (which is not of Severity 1 or Severity 2) which impairs the use
of one or more portions or features of the Software, but the reported error or issue can be reasonably circumvented. MyECheck will
acknowledge any such reported error or issue within one (1) business day and will work during MyECheck's normal Maintenance hours
to provide the appropriate resolution.

 

(d) Resolution.
Except as otherwise expressly set forth herein, MyECheck will use commercially reasonable efforts to resolve each reported error
or issue with the Software by providing either: (i) a reasonable work around, which may consist of specific administrative steps
or alternative programming calls; (ii) an object code patch to the Software; or (iii) a specific action plan regarding how MyECheck
intends to address the reported error or issue and an estimate on how long it may take to remedy or work around the error or issue.
GREENPAY acknowledges that in order to perform Maintenance, MyECheck may require access to and a copy of code in GREENPAY's possession
(or that of GREENPAY's system integrator or consultants) relating to the Software or which may impact the performance of the Software.
GREENPAY agrees to provide access, assistance and information to MyECheck as required to resolve errors or issues with the Software.

 

2.2 Available
Updates. At no additional cost to GREENPAY, MyECheck will deliver to GREENPAY, as made commercially available by MyECheck,
bug fixes, Maintenance updates and Major Releases for the Software ("Updates"), which will thereafter be considered
"Software" for all purposes except for Section 8.1 of the Agreement. At its expense and as deemed appropriate by
MyECheck in its sole discretion, MyECheck will furnish GREENPAY with revised Documentation (including release notes
identifying each change) with each Update.

 

    	 

    	 

    

 

2.3 Other Errors and Issues. If GREENPAY reports an error or
issue with the Software that is not of Severity 1, 2 or 3, MyECheck shall use commercially reasonable efforts to
acknowledge such error or issue. If GREENPAY reports an error or issue with the Software that is not of Severity 1, 2 or 3
and that is scheduled by MyECheck to be addressed in a later Update, MyECheck may address such error or issue in such Update.
GREENPAY agrees to pay MyECheck at MyECheck's standard rates for all effort expended towards resolution of any error or issue
which is later determined to result from any cause other than an error or issue in the Software.

 

3. SUPPORT LINES.

 

3.1 First Line
Support. GREENPAY shall establish and maintain the organization and processes to provide first line support directly to any of
GREENPAY's customers. MyECheck shall have no obligation to provide any first line support to GREENPAY's customers. First line support
shall include: (a) a direct response to GREENPAY's customers with respect to problems or inquiries concerning the performance,
functionality or operation of the Software; (b) a diagnosis of problems or performance deficiencies in the Software; and (c) a
resolution of problems or performance deficiencies in the Software.

 

3.2 Second Line
Support. MyECheck shall maintain the organization and processes necessary to provide second line support for the Software to
GREENPAY.

Such second line support shall be provided to GREENPAY only if, after reasonable commercial effort, GREENPAY is
unable to diagnose and/or resolve problems or performance deficiencies in the Software. Second line support will be provided
to up to two (2) designated and trained representatives of GREENPAY. MyECheck shall have no obligation to provide second line
support directly to any of GREENPAY's customers. In order to assist MyECheck in providing such second line support, GREENPAY
will provide MyECheck with the ability to access GREENPAY's site(s) which utilize the Software (including but not limited to
configuration information and error logs) and provide assistance to MyECheck in order to facilitate MyECheck's use of remote
administration tools relating to the Software.

 

4. SERVICE LIMITATIONS. The Maintenance
does not include, nor will MyECheck be obligated to provide, services required as a result of: (a) any modification, reconfiguration
or maintenance of the Software not performed or recommended by MyECheck; (b) any use of the Software on a system that does not
meet MyECheck 's minimum standards for such as set forth in the applicable Documentation; (c) any third party hardware or software
not supported or embedded by MyECheck; (d) any configuration of the Software (or hardware configurations) other than as recommended
by MyECheck; or (e) any error caused by GREENPAY's or any third party's negligence, abuse, misapplication, or use of Software other
than as expressly permitted under the Agreement.

 

    	 

    	 

    

 

5. TERM AND TERMINATION. This
Maintenance Exhibit shall remain in effect for one (1) year from the Effective Date. This Maintenance Exhibit shall
automatically renew for additional one (1) year periods, unless either party provides notice of cancellation of Maintenance
to the other party at least thirty (30) days prior to the anniversary date of this Agreement. GREENPAY may terminate this
Exhibit B if MyECheck materially breaches the terms of this Exhibit B and such breach remains uncured for thirty (30) days
after written notice. The expiration or termination of this Exhibit shall not terminate or otherwise affect the
Agreement.

 

EXHIBIT C 

 

SERVICES EXHIBIT

 

1.  STATEMENT
OF WORK. MyECheck may render services, working individually or with GREENPAY and/or third parties retained by GREENPAY, (the "Services")
to GREENPAY on a time and materials basis as may be agreed upon in a written Statement of Work signed by both parties. If Services
are to be provided on GREENPAY premises, GREENPAY shall provide safe and adequate space, power, network connections and other resources
and assistance as requested by MyECheck.

 

2. PROJECT
ADMINISTRATION. The Technical Contact (as set forth in the Agreement) for GREENPAY shall provide MyECheck all assistance and guidance
reasonably requested by MyECheck for the performance of the Services. GREENPAY acknowledges that the timely performance of the
Services is dependent both on reasonable access to and assistance by GREENPAY, including the GREENPAY Technical Contact. MyECheck
acknowledges that the success of GREENPAY's business shall depend on MyECheck's ability to provided the Services on a timely basis
in accordance with the dates specified by GREENPAY, and shall use all reasonable efforts to complete all Services efficiently and
on or ahead of schedule

 

    	 

    	 

    

 

3. COMPENSATION. MyECheck shall
be paid fees on a time and materials basis in accordance with Statement of Work signed by both parties. GREENPAY shall also reimburse
MyECheck for reasonable travel, lodging, meal and other expenses reasonably incurred while providing the Services. MyECheck shall
provide GREENPAY with accurate invoices detailing the consulting hours, fees and expense reimbursements due MyECheck. GREENPAY
payment for Services and expenses shall be due thirty (30) days from the date of invoice. The parties agree that GREENPAY shall
not be charged nor shall it be liable for any travel time incurred in connection herewith.

 

4. THIRD PARTY SOFTWARE. GREENPAY
acknowledges that in order for MyECheck to perform the Services, GREENPAY may need to obtain additional third party services ("Third
Party Services") or third party technology ("Third Party Technology"). GREENPAY agrees that the rights and licenses
with respect to Third Party Technology and Third Party Services shall be under terms set forth in the pertinent purchase, license
or services agreements between GREENPAY and the vendors of such Third Party Software or Third Party Services. GREENPAY shall execute
and comply with appropriate purchase, license, or services agreements with respect to any Third Party Software or Third Party Services.
Any amounts payable to third party vendors or service providers under such agreements are the sole responsibility of GREENPAY and
shall be paid directly by GREENPAY to such third party vendors or service providers.

 

5. LICENSE
TO GREENPAY MATERIALS. GREENPAY acknowledges that in order to perform the Services, MyECheck may require access to and use of certain
software or other materials of GREENPAY or GREENPAY's suppliers (including access to code relating to the Software or that may
effect the performance of the Software) ("GREENPAY Materials"). GREENPAY grants to MyECheck a royalty-free, non-exclusive
license to access and use the GREENPAY Materials (including through subcontractors) as required for MyECheck's performance of the
Services hereunder.

 

6. RIGHTS AND
OWNERSHIP. To the extent that any modification, enhancement, extension, interface or derivative work to the Software or any other
deliverable is produced through the Services, GREENPAY shall have the same rights in such (both the source and object code form)
as GREENPAY has in the Software. GREENPAY acknowledges and agrees that other than the Third Party Software and the GREENPAY Materials,
MyECheck owns all computer programs, utilities and intellectual property which aid MyECheck in performing the Services or which
are produced as a result of the Services.

 

7. Independent Contractors. MyECheck
agrees that it shall be considered an independent contractor and that it shall not be deemed to be an employee of GREENPAY. MyECheck
and its employees, agents and contractors performing services hereunder shall not be entitled to any employee benefits of GREENPAY.

 

    	 

    	 

    

 

MyECheck Professional Services Statement of Work

 

PROJECT ASSIGNMENT

 

This Project Assignment is issued
in accordance with, and shall be governed by, the terms herein and the terms and conditions of the Software License and Services
Agreement entered into between the parties on March, 2012

 

	Client Code:	Project Code:
	 	 
	Client Name: GREENPAY	Project Name:

 

MyECheck Consulting Director:

Name: Ed Starrs

Address: 3941 Park Drive, Suite 20-179, El Dorado Hills,
CA 95762 

Phone: (916) 365-6963

Fax: (866) 419-0363

Mobile Phone: (916) 365-6963

E-mail: ed.starrs@MyECheck.com

 

    	 

    	 

    

 

MyECheck Project Manager

Name: Steve Blandford

Address: 2624 Alana Ct., Cameron Park, CA 95682

Phone: (916) 222-8555

Fax:( )

Mobile Phone: (916) 671-4349

Email: steve.blandford@MyECheck.com

 

GREENPAY Project Manager:

Name:

Title:

Address: 

Phone: 

E-mail: 

Fax:

Mobile: 

Email:

 

GREENPAY Billing Contact:

Name:

Title:

Address: 

Phone: 

E-mail: 

Fax:

Mobile: 

Email:

 

License:

 

GREENPAY ("GREENPAY")
understands that in order to commence the work contemplated in this Project Assignment, GREENPAY and MyECheck must have negotiated
and executed a Software License and Services Agreement.

 

    	 

    	 

    

 

Project Objective:

 

MyECheck Consulting Services will provide general and
technical consulting services to GREENPAY on a monthly fee basis to assist with the implementation of MyECheck Software. This Statement
of Work covers all work performed by MyECheck Professional Services until March, 2013. Rates of MyECheck Professional Services
resources will be at the rates described below. The support provided herein will include but not be limited to the following areas:

 

		o	Oversight

		o	Project management best practices, and reusable interfaces/customizations

		o	CIS/merchandising advisory

		o	Environment architecture advisory

		o	Template design and development advisory

		o	Customization design and development advisory

		o	Interface design and development advisory

		o	Call center design and development advisory

		o	General subject matter expertise

 

Members from MyECheck Professional
Services will be assigned in various rolls to support GREENPAY in its implementation of the MyECheck system. MyECheck Professional
services staff will be assigned to support GREENPAY in its implementation of the MyECheck system for the Public Launch. The involvement
of these consultants will range from part time to full time. MyECheck will direct the extent of the involvement that is necessary,
and GREENPAY agrees to devote such resources as MyECheck shall reasonably direct. However, minimal time from the MyECheck Consulting
Director and at least part time involvement from a Consulting Manager will be mandatory. The primary goal of the MyECheck Professional
services personnel is the support of GREENPAY in the successful implementation of the MyECheck system.

 

MyECheck Software consultants will
work at various location including MyECheck offices and on site at GREENPAY specified offices, and offsite as required.

 

Mr. Ed Starrs Consulting Director, is assigned as the
MyECheck Consulting Director for GREENPAY and is the main MyECheck contact for the Project. Steve Blandford is the project Manager
and will manage the daily operation of the project.

 

In Scope: 

		•	implementation of MyECheck system

		•	branding for customer

 

    	 

    	 

    

 

		•	bank & merchant integration support

		•	custom work for customers industry specific needs [vertical
integration with other technologies]

		•	ongoing system maintenance and build-out

		•	training of staff in operational use

		•	consulting with technical staff about systems administration

		•	consulting with technical staff about systems engineering

		•	consulting with technical staff about systems security
and anti-fraud technologies

 

Out of Scope:

 

		•	Responsibility for any formal deliverables other than
those agreed upon by GREENPAY and MyECheck Software during the course of the project.

		•	Responsibility for managing or creating any product data,
prices, promotions, and content (graphics, HTML, copy).

 

Project Requirements:

 

		•	GREENPAY will provide knowledgeable personnel during
the project who are familiar with the project requirements.

 

		•	GREENPAY will provide network/server administrator assistance
when MyECheck installs any software, and provide any needed network linkage to any existing databases.

 

		•	MyECheck technical resources will be provided desktop
space, connection to the development environment and network, telephones, and analog line for connection to the MyECheck network
while working on site.

 

		•	GREENPAY will provide as needed roles (creative, data
loads, DBA and system admin).

 

Project Staffing for MyECheck Resources:

 

Project staffing level will be determined by MyECheck. The staffing
level is elastic and may be changed by MyECheck based upon project requirements without notice or penalty. GREENPAY is engaging
MyECheck Professional services roles and not specific staff.

 

    	 

    	 

    

 

Roles and Responsibilities:

 

Steve Blandford
will serve as the MyECheck Project Director, and will provide guidance to the project based on other past and current MyECheck
consulting projects, as well as general project experience. He will serve as the key point of contact for project specific MyECheck
resource needs and to serve as the first point of escalation beyond the MyECheck on site project team.

 

Mr. Blandford will offer best practice
design experience in the areas of GREENPAY system merchandising functionality, site design, back end integration design, GREENPAY
project phase task planning (design, build, test, performance test, go live support), and help provide general project reviews
and observations using previous MyECheck project and general project experience. MyECheck will also serve to facilitate Tech Support
readiness, GREENPAY engineer requirements gathering, GREENPAY release acceptance planning, GREENPAY implementation issue escalation,
and is responsible to GREENPAY for managing onsite MyECheck consultants.

 

MyECheck will assign, at the Client's
request, consultants and/or senior consultants to assist the GREENPAY team, to work on gap analysis, architecture, CIS advisory,
template development, customization, backend integration design and development, mentoring, and as needed. These resources can
work on specific development tasks as assigned by the GREENPAY project management and the MyECheck Consulting Manager. These resources
can also serve as a leveraged resources for other development team members on MyECheck technical issues regarding site development,
most specifically questions relating to the use of the MyECheck system API's and template development.

 

MyECheck may assign a part time Principal
Consultant or consulting manager to serve as the Solution Architect, initially working on gap analysis and architecture (for new
development), complex development and customization, backend integration design and development, mentoring, and then as needed.

 

From time to time, MyECheck may provide additional strategic,
part time resources with specific expertise for specific, well-defined, reasons, tasks, or advice, in 1 or 2 day efforts. These
part time resources would be project & time specific and would be agreed to between MyECheck and GREENPAY before such resources
would be assigned.

 

    	 

    	 

    

 

Project Organization:

 

The MyECheck Software project team is organized as follows. All
MyECheck Professional Services report to the Project Manager. The Project Manager reports to the Consulting Director.

 

Consulting Rates:

 

All work will be on a month fee
basis for full time availability, or billed hourly per the following rates. Rates are not subject to change before: March 30, 2013.
If the rates change, MyECheck will notify the client prior to the change.

 

	Per Month for 12 Months	$10,000.00
	 	 
	
        Or

         
	 
	Hourly (Subject to Scheduling and Availability)	$125.00/Hour

 

Project Pricing and Expenses:

 

MyECheck shall incur all reasonable
expenses in the performance of the services contained herein including but not limited to contractors and consultants used for
software development, testing, quality assurance and deployment during the term of this agreement.

 

From time to time there may be a need for GREENPAY to incur
certain expenses. Notwithstanding anything else to the contrary contained herein, any single expense in excess of three hundred
dollars ($500) must be pre-approved in writing (or by email) by GREENPAY or it shall not be deemed a reimbursable expense.

 

Billing schedule:

 

Billing is monthly and payment is
due on the first day of each month for services to be provided that month, and shall be transferred by wire transfer to the account
number provided by the MyECheck Consulting Director.

 

MyECheck reserves the right to discontinue the provision
of services under this Statement of Services in the event that Client fails to continue to make timely payment of fees and expenses
due hereunder. A late fee of Prime plus 3% annualized will be assessed for payment beyond 30 days.

 

    	 

    	 

    

 

Non-Solicitation of Employees:

 

During the term of this Agreement and for a period of
one (1) year following completion of work hereunder, neither party shall solicit employment of any current or prior employee of
the other.

 

Signatures:

 

EACH PARTY ACKNOWLEDGES THAT IT HAS READ THIS STATEMENT
OF WORK, UNDERSTANDS IT AND AGREES TO BE BOUND BY ITS TERMS AND CONDITIONS. FURTHER, EACH PARTY AGREES THAT, ALONG WITH THE APPLICABLE
SOFTWARE LICENSE AND SERVICES AGREEMENT, THIS STATEMENT OF WORK AND APPLICABLE CHANGE ORDERS ARE THE COMPLETE AND EXCLUSIVE STATEMENT
OF THE AGREEMENT BETWEEN THE PARTIES RELATING TO THE SERVICES DESCRIBED HEREIN, WHICH SUPERSEDES ALL PROPOSALS OR PRIOR AGREEMENTS,
ORAL OR WRITTEN, AND ALL OTHER COMMUNICATIONS BETWEEN THE PARTIES RELATING TO THE SUBJECT MATTER HEREOF.

 

THE SIGNATURE BELOW ACKNOWLEDGES
THAT EACH PARTY HAS AUTHORIZED AND APPROVED THIS ORDER IN ACCORDANCE WITH THE TERMS AND CONDITIONS SET FORTH IN THE AGREEMENT.
WHETHER OR NOT CUSTOMER ISSUES A PURCHASE ORDER, THIS SIGNATURE IS CUSTOMER'S EXPRESS AUTHORIZATION AND COMMITMENT TO PAY MYECHECK
FOR THE PRODUCTS AND/OR SERVICES HEREIN IN ACCORDANCE WITH THE PAYMENT SCHEDULE FOR THIS ORDER. IF NO PAYMENT TERMS HAVE BEEN SPECIFIED
ELSEWHERE, PAYMENTS ARE DUE NET 30 DAYS FROM INVOICE DATE. CUSTOMER AGREES THAT THESE TERMS WILL CONTROL OVER ANY CONFLICTING TERMS
ON ANY CUSTOMER PURCHASE ORDER.

 

CUSTOMER MAY TERMINATE ANY PROFESSIONAL
SERVICES STATEMENT OF WORK HEREUNDER AT ANY TIME BY PROVIDING MYECHECK WITH WRITTEN NOTICE THIRTY (30) WORKING DAYS PRIOR TO TERMINATION.
THIS NOTICE IS REQUIRED REGARDLESS OF WHETHER WORK HAS STARTED OR NOT. IN THE EVENT THAT CUSTOMER TERMINATES EITHER A PROFESSIONAL
SERVICES STATEMENT OF WORK OR SERVICES TO BE PERFORMED HEREUNDER, CUSTOMER SHALL REMAIN OBLIGATED TO PAY MYECHECK SOFTWARE FOR
THE SERVICES PERFORMED, OR TO BE PERFORMED FOR THE REMAINDER OF THE TERM OF THE AGREEMENT.

 

    	 

    	 

    

 

	ACCEPTED BY: GREENPAY	ACCEPTED BY: MyECheck Inc.
	 	 
	Signed:	By:
	 	 
	Name:	Name:
	 	 
	Title:	Title:
	 	 
	Date:	Date:

 

PATENT LICENSE AGREEMENT

 

This agreement is made and entered into between MyECheck,
Inc. (hereinafter called "Licensor") whose address is 3941 Park Drive, Suite 20-179, El Dorado Hills, CA 95762, and GreenPay
LLC (hereinafter called "Licensee"), having its principle office at 1740 H Dell Range Blvd #281, Cheyenne, WY 82009.

 

Witnesseth that:

 

1.               Whereas, Licensor has licensing
rights to a United States Patent (hereinafter called the "Patent"); and

 

2.               Whereas Licensee wishes to obtain
a license to use the inventions described in the Patent under the terms & conditions hereinafter set forth:

 

    	 

    	 

    

 

Now, therefore, in consideration of the premises and
the faithful performance of the covenants herein contained it is agreed as follows:

 

ARTICLE I — DEFINITIONS

 

For the purpose of this agreement, the following definitions
shall apply:

 

1.               Patent: Shall mean:

 

a.              US Patent Number 7,389,913 titled
"Method and apparatus for online check processing".

 

b.              Any and all improvements developed
by Licensor, whether patentable or not, relating to the Patent, which Licensor may now or may hereafter develop, own or control.

 

c.              Any or all patents, which may
issue on patent rights and improvements thereof, developed by Licensor and any and all divisions, continuations, continuations-in-part,
reissues and extensions of such patents.

 

2.              Product(s): Shall mean any products,
services, materials, compositions, techniques, devices, methods or inventions relating to or based on the Patent, developed on
the date of this agreement or in the future.

 

3.              Gross Sales: Shall mean total
US dollar value(s) of Product(s) generated based on the Patent.

 

4.              Confidential Proprietary Information: Shall mean with
respect to any Party all scientific, business or financial information relating to such Party, its subsidiaries or affiliates or
their respective businesses, except when such information:

 

a.              Becomes known to the other Party
prior to receipt from such first Party;

 

b.              Becomes publicly known through sources other than
such first Party;

 

c.              Is lawfully received by such other Party from a party
other than the first Party; or

 

d.              Is approved for release by written authorization
from such first Party.

 

    	 

    	 

    

 

5.              License: Shall mean a license,
not including the right to sublicense unless otherwise agreed to by Licensor, whereby Licensee's rights are limited to the terms
and conditions specified in the License Agreement.

 

6.              Non-Exclusive License: Shall
mean a license, not including the right to sublicense, whereby Licensee's rights are non-exclusive and licensee has no rights to
exclude any others, including Licensor and its affiliates, assignees, or other licensees.

 

7.              Know-how: Shall mean any and
all technical data, information, materials, trade secrets, technology, formulas, processes, and ideas, including any improvements
thereto, in any form in which the foregoing may exist, now owned or co-owned by or exclusively, semi-exclusively or non-exclusively
licensed to any party prior to the date of this Agreement or hereafter acquired by any party during the term of this agreement.

 

8.              Intellectual
Property Rights: Shall mean any and all inventions, materials, Know-how, trade secrets, technology, formulas, processes, ideas
or other discoveries conceived or reduced to practices, whether patentable or not.

 

9.              Royalty (ies): Shall mean revenues received in the form
of cash and/or equity from holdings from Licensees as a result of licensing and using, selling, making, having made, sublicensing
or leasing of the Patent.

 

ARTICLE II- GRANT OF LICENSE

 

		1.	Licensor hereby grants to Licensee, a perpetual, worldwide
non-exclusive non-restricted license, to make, use, sell and lease the Products described in the Patent.

 

		2.	Grant of License does include the right to sublicense
the patent.

 

		3.	Licensor retains the right to continue to use Patent
in any way for commercial non-commercial purposes.

 

ARTICLE III- LICENSE PAYMENTS For the license herein
granted:

 

	Patent License Fee:	$900,000.00
	 	 
	Transaction Fees:	$0.04 per transaction

 

    	 

    	 

    

 

ARTICLE IV - REPORTS, BOOKS AND
RECORDS

 

1.         Reports.
Within thirty (30) days after the end of the calendar quarter annual period during which this agreement shall be executed and delivered
within thirty (30) days after the end of each following quarter annual period, Licensee shall make a written report to Licensor
setting forth the Gross Sales, sublicensed, leased or used by Licensee and total sublicensing receipts during the quarter annual
period. If there are no Gross Sales or sublicensing receipts, a statement to that effect be made by Licensee to Licensor. At the
time each report is made, Licensee shall pay to Licensor any and all unpaid royalties, and any accrued interest or other payments
shown by such report to the payable hereunder.

 

2.         Books and records. Licensee shall keep books and records
in such reasonable detail as will permit the reports provided for in Paragraph 1. hereof to be determined. Licensee further agrees
to permit such books and reports to be inspected and audited by a representative or representatives of Licensor to the extent necessary
to verify the reports provided for in paragraph 1. hereof; provided, however, that such representative or representatives shall
indicate to Licensor only whether the reports and royalty paid are correct, if not, the reasons why not.

 

ARTICLE V
- MARKING

 

Licensee agrees to mark or have marked all Products made,
used or leased by it under the Patent, if and to the extent such markings shall be practical, with such patent markings as shall
be desirable or required by applicable patent laws.

 

ARTICLE VI
- DILIGENCE

 

1.         Licensee
shall use its best efforts to bring the Patent to market through a thorough, vigorous and diligent program and to continue active,
diligent marketing efforts throughout the life of this agreement.

 

2.         Licensee
shall permit an in-house inspection of Licensee facilities by Licensor on an annual basis or at any time at the request of Licensor.

 

3.         Licensee failure to perform in accordance with either
paragraph 1 or 2 of this ARTICLE VI shall be grounds for Licensor to terminate this agreement.

 

    	 

    	 

    

 

ARTICLE VII
- TERMINATION

 

1.         Licensor may, at its option,
terminate this agreement by written notice to Licensee in case of:

 

a.         Default in the payment of any
royalties required to be paid by Licensee to Licensor hereunder

 

b.         Default in the making of any reports
required hereunder and such default shall continue for a period of thirty (30) days after Licensor shall have given to Licensee
a written notice of such default.

 

c.         Default in the performance of any other material obligation
contained in this agreement on the part of Licensee to be performed and such default shall continue for a period of thirty (30)
days after Licensor shall have given to Licensee written notice of such default.

 

d.         Adjudication that Licensee is bankrupt or insolvent.

 

e.         The filling by Licensee of a petition
of bankruptcy, or a petition or answer seeking reorganization, readjustment or rearrangement of its business or affairs under any
law or governmental regulation relating to bankruptcy or insolvency.

 

f.         The appointment of a receiver of the business or for
all or substantially all of the property of Licensee; or the making by Licensee of assignment or an attempted assignment for the
benefit of its creditors; or the institution by Licensee of any proceedings for the liquidation or winding up of its business or
affairs.

 

2.         Effect of termination.

 

Termination of this agreement shall not in any way operate
to impair or destroy any of Licensor's right or remedies, either at law or in equity, or to relieve Licensee of any of its obligations
to pay royalties or to comply with any other of the obligations hereunder, accrued prior to the effective date of termination.

 

3.         Effect of delay, etc.

 

Failure or delay by Licensor to exercise its rights of
termination hereunder by reason of any default by Licensee in carrying out any obligation imposed upon it by this agreement shall
not operate to prejudice Licensor's right of termination for any other subsequent default by Licensee.

 

    	 

    	 

    

 

4.         Return of Licensed Patent Rights.

 

Upon termination of this agreement, all of the Licensed
Patent Rights shall be returned to Licensor. In the event of termination of the agreement by Licensee, Licensee shall grant to
Licensor a non-exclusive, royalty- free License, with right to sublicense, to manufacture, use and sell improvements including
all known-how to Licensed Patent Rights made by Licensee during the period of this agreement prior to the termination or conversion,
to the extent that such improvements are dominated by or derived from the Licensed Patent Rights.

 

ARTICLE VIII — TERM

 

Unless previously terminated as hereinbefore provided,
the term of this Agreement shall be for one year (from and after the date hereof until twelve months have expired). At the end
of the term, Licensee shall have the right to renew the license and such renewal shall not be reasonably withheld.

 

ARTICLE IX - PATENT LITIGATION

 

1.         Initiation. In the event that
Licensor advises Licensee in writing of a substantial infringement of the patents/copyrights included in the Licensed Patent Rights,
Licensee may, but is not obligated to, bring suit or suits through attorneys of Licensee's selection with respect to such infringement.
In the event Licensee fails to defend any declaratory judgment action brought against any patent or patents of the Licensed Patent
Rights, Licensor on written notice to Licensee may terminate the License as to the particular patent or patents involved in such
declaratory judgment action.

 

2.         Expenses and proceeds of litigation.
Where a suit or suits have been brought by Licensee, Licensee shall maintain the litigation at its own expense and shall keep any
judgments and awards arising from these suits expecting that portion of the judgments attributable to royalties from the infringer
shall be divided equally between Licensor and Licensee after deducting any and all expenses of such suits; provided, however, Licensor
shall not be entitled to receive more under this provision than if the infringer had been licensed by Licensee.

 

3.         Licensor's right to sue. If Licensee shall fail to
commence suit on an infringement hereunder within ninety (90) days after the receipt of Licensor's written request to do so. Licensor
in protection of its reversionary rights shall have the right to bring and prosecute such suits at its cost and expense through
attorneys of its selection, in its own name, and all sums received or recovered by Licensor in or by reason of such suits shall
be retained by Licensor.

 

    	 

    	 

    

 

ARTICLE X - PATENT FILINGS AND PROSECUTING

 

1.         Licensee shall pay future costs
of the prosecution of the patent applications pending as set forth in ARTICLE I, Paragraph 2. Which are reasonably necessary to
obtain a patent. Furthermore, Licensee will pay for the costs of filling, prosecuting and maintaining foreign counterpart applications
to such pending patent applications, such foreign applications to be filed within ten (10) months prior to the filling date of
the corresponding patent application.

 

2.         Licensor shall
own improvements by the inventors. Licensee shall pay future costs of preparation, filling, prosecuting and maintenance of patents
and applications on patentable improvements made by inventors, however, in the event that Licensee refuses to file patent applications
on such patentable improvements in the United States of America and selected foreign countries when requested by Licensor, the
rights to such patentable improvements for said countries shall be returned to Licensor.

 

3.         Preparation
and maintenance of patent applications and patents undertaken at Licensee's cost shall be performed by patent attorneys selected
by Licensor; and due diligence and care shall be used in preparing, filling, prosecuting, and maintaining such applications on
patentable subject matter. Both parties shall review and approve any and all patent related documents.

 

4.         Licensee
shall have the right to, on thirty (30) days written notice to Licensor, discontinue payment of its share of the prosecution
and/or maintenance costs of any of said patents and/or patent applications. Upon receipt of such written notice, Licensor
shall have the right to continue such prosecution and/or maintenance on its own name at its own expense in which event the
License shall be automatically terminated as to the subject matter claimed in said patents and/or applications.

 

ARTICLE XI -
NOTICES, ASSIGNEES

 

1.         Notices. Notices
and payments required hereunder shall be deemed properly given if duly sent by first class mail and addressed to the parties at
the addresses set forth above. The parties hereto will keep each other advised of address changes.

 

2.         Assignees,
etc. This Agreement shall be binding upon and shall inure to the benefit of the assigns of Licensor and upon and to the benefit
of the successors of the entire business of Licensor, but neither this agreement nor any of the benefits thereof nor any rights
thereunder shall, directly or indirectly, without the prior written consent of Licensor, be assigned, divided, or shared by the
Licensor to or with any other party or parties (except a successor of the entire business of the Licensor).

 

    	 

    	 

    

 

ARTICLE XII
- MISCELLANEOUS

 

1.         This agreement
is executed and delivered in El Dorado County, California and shall be constructed in accordance with the laws of the State of
California.

 

2.         No other understanding. This
agreement sets forth the entire agreement and understanding between the parties as to the subject matter thereof and merges all
prior discussions between them.

 

3.         No representations or warranties
regarding patents of third parties. No representations or warranty is made by Licensor that the Licensed Patent Rights manufactured,
used, sold or leased under the License granted herein is or will be free of claims of infringement of patent rights of any other
person or persons. The Licensor warrants that it has title to the Patent.

 

4.         Indemnity. Licensee shall indemnify,
hold harmless, and defend Licensor and its trustees, officers, employees and agents against any and all allegations and actions
for death, illness, personal injury, property damage, and improper business practices arising out of the use of the Patent.

 

5.         Insurance. During the term of
this agreement, Licensee shall, maintain the following insurance coverage:

 

a.         Commercial general liability with
a limit of no less than one million dollars ($1,000,000.00) each occurrence. Such insurance shall be written on a standard ISO
occurrence form or substitute form providing equivalent coverage.

 

b.         Professional
liability of no less than one million dollars ($1,000,000.00) each occurrence.

 

c.         Workers'
compensation consistent with statutory requirements. Certificates of insurance shall be provided to Licensor upon request and shall
include the provision for 30-day notification to the certificate holder of any cancellation or material alteration in the coverage.

 

6.         Advertising. Licensee agrees that
Licensee may not use in any way the name of Licensor or any logotypes or symbols associated with Licensor or the names of any researchers
without the express written permission of Licensor.

 

7.         Confidentiality. The parties agree
to maintain discussions and proprietary information revealed pursuant to this agreement in confidence, to disclose them only to
persons within their respective organizations having a need to know, and to furnish assurances to other party that such persons
understand that this duty on confidentiality.

 

    	 

    	 

    

 

8.         Disclaimer of Warranty. Licensed
Patent Rights is experimental in nature and it is provided WITHOUT WARRANTY OR REPRESENTATIONS OF ANY SORT, EXPRESS OR IMPLIED,
INCLUDING WITHOUT LIMITTION WARRANTIS OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE OF NON-INFRINGEMENT. Licensor makes
no representations and provides no warranty that the use of the Patent will not infringe any patent or proprietary rights of third
parties.

 

In witness whereof, the parties
hereto have caused this agreement to be executed by their duly authorized representatives.

 

The effective date of this agreement
is February 24, 2014.

 

	ACCEPTED BY: GREENPAY, LLC 	ACCEPTED BY: MyECheck, Inc.
	 	 
	LICENSEE 	LICENSOR
	 	 
	Signed: /s/ Matthew A. Hanson 	By: /s/ Edward R. Starrs
	 	 
	Name: Matthew A. Hanson 	Name: Edward R. Starrs
	 	 
	Title: Managing Director 	Title: CEO
	 	 
	Date: February 24, 2014 	Date: February 24, 2014Exhibit 10.12

 

BRIAN R. KATZ

California State Bar No. 88895

Attorney at Law

4364 Town Center Boulevard, Suite 207

El Dorado Hills, CA 95762

Telephone: 916-933-5266

Facsimile: 916-933-7866

e-mail: brian@katzbusinesslaw.com

 

Attorney for: MyECheck, Inc.

 

UNITED STATES DISTRICT COURT 

 

EASTERN DISTRICT OF CALIFORNIA
- SACRAMENTO DIVISION

 

	MYECHECK, Inc., a California corporation,	)	CASE NO.  
	 	)	 
	Plaintiff,	)	 
	 	)	COMPLAINT FOR DAMAGES FOR
	--  vs. --	)	BREACH OF CONTRACT AND
	 	)	PATENT INFRINGEMENT;
	ZIPMARK, INC., JAY BHATTACHARYA, 	)	PRELIMINARY AND PERMANENT
	and Does 1 — 20, Inclusive.	)	INJUNCTIONS
	 	)	 
	Defendants.	)	 
	 	)	 
	 	)	 
	 	)	 
	 	)	 
	 	)	 

 

MYCHECK, INC., plaintiff
in the above-captioned matter, and for its Complaint against defendants ZIPMARK, INC., JAY BHATTACHARYA, INC., and Does 1-20, Inclusive,
herein alleges as follows:

 

    	-1-
COMPLAINT

    	 

    

 

NATURE AND BASIS OF ACTION

 

1.   This
is a civil action in which MYECHECK, INC., asserts against defendants ZIPMARK, INC., JAY BHATTACHARYA, and Does 1 — 20, Inclusive,
claims for damages for breach of contract, and for patent infringement, injunctive relief, and recovery of its costs and attorneys’
fees.

 

PARTIES

 

2.   MYECHECK,
INC. [“MYECHECK”], is a corporation incorporated under the laws of the State of Wyoming, is duly registered in California
as a foreign corporation, and maintains its principal place of business in Folsom, Sacramento County, California.

 

3.   Upon
information and belief, defendant ZIPMARK, INC. [“ZIPMARK”], is a corporation established under the laws of Delaware,
and maintains its principal place of business in New York City, New York.

 

4.   Upon
information and belief, defendant JAY BHATTACHARYA [“BHATTACHARYA”] resides in the State of New York.

 

JURISDICTION AND VENUE

 

5.   This
Court has jurisdiction over the subject matter of this action under 28 U.S.C. §§ 1331, 1332, and 1338, and
35 U.S.C. § 281. The Court has supplemental jurisdiction over the state and common law claims pursuant to 28 U.S.C. § 1367.

 

    	-2-
COMPLAINT

    	 

    

 

 

6.   Venue
in this Court is proper pursuant to the written agreement of the parties as set forth in Exhibit 1, MyECheck Services Agreement,
that is attached hereto and incorporated herein. Exhibit 1 provides in its relevant portions, “9.(a) . . . In the event that
any legal action becomes necessary to enforce or interpret the terms of this Agreement, the parties agree that such action will
be brought in the U.S. District Court of the Northern District of California, Sacramento County, and that the parties hereby submit
to the jurisdiction and venue of said court.”

 

FACTUAL BACKGROUND

 

7.   MYECHECK’s
President, ED STARRS, is an innovator in the field of electronic online check processing. ED STARRS has submitted numerous patent
applications for online check processing beginning in 2004, resulting in the grant of U.S. Patent No. 7,389,913 on June 24, 2008.

 

8.   ED
STARRS incorporated MYECHECK in 2005, for the purpose of creating an industry leader in online check processing. Shares in MYECHECK,
Inc., are currently traded in the Over The Counter Market using the symbol MYEC.

 

9.   MYECHECK
has licensed ITONIS, INC., GREENPAY, LLC, and other companies, to use the patented online check processing technology described
herein.

 

U.S. Patent No. 7,389,913

 

10.   On
June 24, 2008, the United States Patent and Trademark Office duly and lawfully issued United States Patent No. 7,389,913 entitled
“Method and Apparatus for Online Check Processing” to inventor ED STARRS. A true and correct copy of the U.S. Patent
No. 7,389,913 is attached hereto as Exhibit 2, and incorporated herein.

 

11.   Patent
No. 7,389,913 is currently in full force and effect.

 

    	-3-
COMPLAINT

    	 

    

 

 

12.   The
exclusive right to market and license the technology in Patent No. 7,389,913 has been assigned to plaintiff, MYECHECK, INC.

 

13.   Patent
No. 7,389,913 contains twenty-nine claims generally directed to a method for online check processing.

 

14.   In
accordance with 35 U.S.C. § 282, Patent No. 7,389,913, and each and every claim thereof, is presumed to be valid.

 

15.   A
unique feature of Patent No. 7,389,913 is that the technology makes an electronic image of the payor’s
check, and processes it with the Federal Reserve Banking System.

 

PLAINTIFF’S PATENT RIGHTS

 

16.   MYECHECK,
INC., has expended enormous amounts of resources and has established itself as an industry leader and pioneer with regard to online
check processing.

 

17.   MYECHECK
is an industry leader as a result of its enormous investment in its name, reputation, and in advertising and promoting its MYECHECK,
INC., technology, including the technology described in the claims of patent identified above.

 

18.   As
a result of the efforts of MYECHECK, and the tremendous success of its business operations and assets including, but not limited
to, the patented assets described above, MYECHECK, has earned an exceptional reputation for delivering quality online check processing
technology.

 

19.   MYECHECK
has invested heavily in research and development of its MYECHECK technology, as well as in the marketing and promoting its product.

 

    	-4-
COMPLAINT

    	 

    

 

20.   MYECHECK
has expanded the nationwide use of its MYECHECK technology by licensing independent companies to use the MYECHECK patented online
check processing technology.

 

21.   MYECHECK
exercises strict control over the purchase, use, and transfer of its MYECHECK technology by requiring every purchaser of the MYECHECK
technology to execute a written MYECHECK Service Agreement [“MYECHECK Service Agreement”] that restricts the licensee’s
use and transfer of the MYECHECK technology.

 

22.   Every
purchase of the MYECHECK technology is conditioned upon obtaining a license from the patent holder’s assignee, MYECHECK.

 

23.   MYECHECK
does not sell its MYECHECK technology to any person or entity unless they first execute a Service Agreement with MYECHECK.

 

24.   Furthermore,
MYECHECK does not permit the purchaser to transfer the MYECHECK technology to any other person or entity.

 

25.   MYECHECK
does not allow unlicensed persons or entities to use MYECHECK technology.

 

26.   MYECHECK’s
income is derived from licensing entities to use the MYECHECK technology.

 

27.   If
unauthorized persons or entities use MYECHECK’s proprietary technology, that use diminishes the value of MYECHECK’s
proprietary rights.

 

    	-5-
COMPLAINT

    	 

    

 

DEFENDANTS’ CONDUCT

 

28.   On
May 8, 2011, plaintiff and defendant ZIPMARK entered into a written Services Agreement for the MYECHECK technology. A true and
correct copy of the Services Agreement is attached hereto as Exhibit 1, and incorporated herein.

 

29.   In
2012, the Services Agreement was modified by a written Amendment executed by the parties. A true and
correct copy of the Amendment is attached hereto as Exhibit 3, and incorporated herein.

 

30.   Pursuant
to that Services Agreement, defendant ZIPMARK purchased from plaintiff, the right to use MYECHECK’s patented online check
processing technology for a period of five years.

 

31.   Also
pursuant to that Services Agreement, defendant ZIPMARK agreed to pay an initial license fee of $50,000.00, and the further sum
of $35,000.00 due upon ZIPMARK’s acceptance of the Licensed Software.

 

32.   In
addition, defendant ZIPMARK agreed to pay to plaintiff a transaction fee of $0.10 for checks less than $50.00, and $0.02
on items under $50.00, for the first 100,000 transactions per calendar month. Any transactions processed after 100,000 transactions
have been processed in any calendar month would be charged at $0.01 until the start of the next calendar month.

 

33.   Defendant
ZIPMARK made the initial payment of $50,000 on January 25, 2012.

 

34.   On
May 21, 2012, defendant ZIPMARK successfully tested the software obtained from plaintiff.

 

    	-6-
COMPLAINT

    	 

    

 

35.   Defendant
ZIPMARK failed to make second payment of $35,000.00 due upon ZIPMARK’s acceptance of the software, and further failed to
pay any transaction fees.

 

36.   On
June 1, 2012, MYECHECK gave written notice to defendant ZIPMARK that MYECHECK was terminating the Services Agreement due to ZIPMARK’s
failure to pay its licensing fees as required by the Services Agreement.

 

37.   Plaintiff
is informed and believes that and thereon alleges that defendants ZIPMARK and JAY BHATTACHARYA continue to operate ZIPMARK’s
business using technology that infringes on MYECHECK’s patented technology, and will continue to do so unless restrained
by an order from this Court.

 

FIRST CAUSE OF ACTION

(Breach of Contract)

 

38.   This
cause of action includes paragraphs 1 through 37, as set forth above.

 

39.   Plaintiff
MYECHECK has performed all of its obligations under the Licensing Agreement, except as prevented by defendant ZIPMARK.

 

40.   Defendant
ZIPMARK breached the Services Agreement by failing to pay the second part of the required license fee, and by continuing to use
plaintiff’s patented technology without the consent of plaintiff.

 

41.   There
is now owing and unpaid to MYECHECK from defendant ZIPMARK unpaid license fees in the total amount of $35,000 as of June 1, 2012,
together with interest at the legal rate from that date.

 

    	-7-
COMPLAINT

    	 

    

 

42.   As
a proximate result of defendant ZIPMARK’s breach of the Licensing Agreement, plaintiff has been damaged in the amount of
$35,000 as of June 1, 2012, plus interest from that date.

 

SECOND CAUSE OF ACTION

(Patent Infringement)

 

43.   This
cause of action includes paragraphs 1 through 37, as set forth above.

 

44.   Plaintiff
has not given consent nor granted a new license to defendants to use plaintiff’s patented MYECHECK technology.

 

45.   Defendants
ZIPMARK’s and BHATTACHARYA’s use of plaintiff’s patented MYECHECK technology without consent or a valid license
from plaintiff infringes plaintiff’s patent rights.

 

46.   As
a proximate result of defendants ZIPMARK’s and BHATTACHARYA’s infringement of plaintiff’s patent, plaintiff has
been damaged in the amount of not less than $500,000.00, or in an amount according to proof.

 

47.   Defendants’
infringement is willful and deliberate and plaintiff is thereby entitled to treble damages.

 

THIRD CAUSE OF ACTION

(Injunctive Relief)

 

48.   This
cause of action includes paragraphs 1 through 37, as set forth above.

 

49.   Unless
restrained by this court, defendants ZIPMARK and BHATTACHARYA will continue to use MYECHECK patented technology.

 

    	-8-
COMPLAINT

    	 

    

 

50.   MYECHECK
seeks injunctive relief to prevent defendants from continuing to infringe plaintiff’s patents by using the MYECHECK technology
because pecuniary compensation would not afford adequate relief, it would be extremely difficult to ascertain the amount of compensation
that would afford adequate relief, and the restraint is necessary to present a multiplicity of judicial proceedings.

 

REQUEST FOR JUDGMENT

 

WHEREFORE, plaintiff MYECHECK,
INC., prays for judgment against defendants as follows:

 

First Cause of Action against defendant ZIPMARK,
INC.:

 

		1.	For damages for breach of contract in the sum of $35,000, plus interest from June 1,
                                                                                 2012.

 

Second Cause of Action against defendants ZIPMARK,
INC., and JAY BHATTACHARYA:

 

		2.	For damages for patent infringement, and,

 

		3.	That such amounts be tripled.

 

Third Cause of Action against defendants ZIPMARK,
INC., and JAY BHATTACHARYA:

 

		4.	For a temporary and permanent injunction prohibiting
defendants from using the patented MYECHECK technology for online check processing.

 

    	-9-
COMPLAINT

    	 

    

 

For all causes of actions against
all defendants:

 

		5.	That plaintiff be awarded its costs, expenses and attorney’s
fees incurred herein; and,

 

		6.	For such other and further relief as the Court deems
just and proper.

 

Dated this October 10, 2014

 

	 	MYECHECK, INC., Plaintiff
	 	By:
	 	 
	 	/s/ Brian R. Katz
	 	BRIAN R. KATZ #88895
	 	Attorney at Law
	 	4364 Town Center Blvd., Suite 207
	 	El Dorado Hills, CA  95762

 

    	-10-
COMPLAINT

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