SEC Contract Filing

Filing Date: 2021-02-25

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>us55716119-ex10_1.htm
<DESCRIPTION>FORM OF SUBSCRIPTION AGREEMENT
<TEXT>
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 <div style="text-align: right;"><font style="font-weight: bold; font-size: 12pt;">Exhibit 10.1</font><br>
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 <div style="text-align: center; margin-top: 12pt; margin-bottom: 12pt; font-family: Arial, Helvetica, sans-serif; font-size: 12pt; font-weight: bold;">SUBSCRIPTION AGREEMENT</div>
 <div style="text-align: left; text-indent: 36pt; margin-bottom: 12pt; font-family: Arial, Helvetica, sans-serif; font-size: 12pt;">THIS SUBSCRIPTION AGREEMENT, dated February 24, 2021 (this &#8220;<font style="font-size: 12pt; font-family: Arial, Helvetica, sans-serif;"><u>Agreement</u></font>&#8221;), is entered into by and between USA TECHNOLOGIES, INC., a Pennsylvania corporation (the &#8220;<font style="font-size: 12pt; font-family: Arial, Helvetica, sans-serif;"><u>Company</u></font>&#8221;), and the purchaser
 whose name and address is set forth on the signature page hereof (the &#8220;<font style="font-size: 12pt; font-family: Arial, Helvetica, sans-serif;"><u>Purchaser</u></font>&#8221;).</div>
 <div style="text-align: left; text-indent: 36pt; margin-bottom: 12pt; font-family: Arial, Helvetica, sans-serif; font-size: 12pt;">IN CONSIDERATION of the mutual covenants contained in this Agreement, and for other good and valuable consideration, the
 receipt and adequacy of which are hereby acknowledged, the Company and the Purchaser hereby agree as follows:</div>
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 <div style="text-align: left; font-family: Arial,Helvetica,sans-serif; font-size: 12pt; text-indent: 36pt;"><font style="text-align: left; font-family: Arial,Helvetica,sans-serif; font-size: 12pt;">SECTION 1. </font><font style="font-size: 12pt; font-family: Arial,Helvetica,sans-serif;"><u>Authorization of Sale of the Shares</u></font>.&#160; Subject to the terms and conditions of this Agreement, the Company has authorized the issuance and sale of up to 5,730,000 shares (the &#8220;<font style="font-size: 12pt; font-family: Arial,Helvetica,sans-serif;"><u>Shares</u></font>&#8221;) of common stock, no par value (the &#8220;<font style="font-size: 12pt; font-family: Arial,Helvetica,sans-serif;"><u>Common Stock</u></font>&#8221;), of the Company
 for a purchase price of $9.60 per share (the &#8220;<font style="font-size: 12pt; font-family: Arial,Helvetica,sans-serif;"><u>Per Share Price</u></font>,&#8221; and the aggregate of such Per Share Price for all Shares subscribed for by the Purchaser being
 referred to herein as the &#8220;<font style="font-size: 12pt; font-family: Arial,Helvetica,sans-serif;"><u>Purchase Price</u></font>&#8221;), on the terms and subject to the conditions contained herein.</div>
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 <div style="text-align: left; font-family: Arial,Helvetica,sans-serif; font-size: 12pt; text-indent: 36pt;"><font style="text-align: left; font-family: Arial,Helvetica,sans-serif; font-size: 12pt;">SECTION 2. </font><font style="font-size: 12pt; font-family: Arial,Helvetica,sans-serif;"><u>Subscription</u></font>.&#160; At the Closing (as defined in Section&#160;3), the Company will, subject to the terms and conditions of this Agreement, issue and sell to the Purchaser and the Purchaser will
 purchase from the Company, upon the terms and conditions hereinafter set forth, the number of Shares (at the purchase price) shown below (the &#8220;<font style="font-size: 12pt; font-family: Arial,Helvetica,sans-serif;"><u>Subscription</u></font>&#8221;):</div>
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 <div style="text-align: center; font-family: Arial, Helvetica, sans-serif; font-size: 12pt;">Number of Shares<font style="font-size: 12pt; font-family: Arial, Helvetica, sans-serif;"><br>
 </font>to Be Purchased</div>
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 <div style="text-align: center; font-family: Arial, Helvetica, sans-serif; font-size: 12pt;">Per Share<font style="font-size: 12pt; font-family: Arial, Helvetica, sans-serif;"><br>
 </font>Price</div>
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 <div style="text-align: center; font-family: Arial, Helvetica, sans-serif; font-size: 12pt;">Purchase<font style="font-size: 12pt; font-family: Arial, Helvetica, sans-serif;"><br>
 </font>Price</div>
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 <div style="text-align: center;"><font style="font-size: 12pt; font-family: Arial,Helvetica,sans-serif;">$</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-size: 12pt; font-family: Arial,Helvetica,sans-serif;">9.60</font></div>
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 <div style="text-align: left; margin-left: 40.8pt; font-family: Arial, Helvetica, sans-serif; font-size: 12pt;">$</div>
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 <td style="width: 33.22%; vertical-align: top;">&#160;</td>
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