RentMoola Terms of Use

Paysafe Merchant Services Agreement

E-Check Terms and Conditions

BETWEEN: PAYSAFE MERCHANT SERVICES INC., a legal person having a place of business at 3500 de Maisonneuve W., Suite 700, Montreal, QC H3Z 3C1 (hereinafter referred to as "Paysafe")

AND: CLIENT, whose name and address are as stated on the attached Application (hereinafter referred to as the "Client")

1. PREAMBLE

1.1 WHEREAS the Client wishes to engage the services of Paysafe to process, verify, settle, confirm, report and perform related Processing Services relating to the business operations of the Client;

1.2 WHEREAS the Client has completed an Application and Paysafe in reliance on the Information furnished therein has approved the opening of an account by the Client with Paysafe;

1.3 WHEREAS Paysafe wishes to provide Processing Services to the Client subject to the terms and conditions set forth in this Agreement.

NOW, THEREFORE, THE PARTIES AGREE AS FOLLOWS:

2. DEFINITIONS

2.1 "ACSS" means the Automated Clearing Settlement System.

2.1 "ACSS Rules" means the rules and standards governing the exchange of payment items between CPA member institutions. as established by the CPA.

2.3 "ACQUIRER FI" means the CPA member that holds the Acquirer's account, receives the payment information from the Acquirer and the credit payment instruction from the Payor's FI, for the benefit of the Payee, or Paysafe's bank.

2.4 "Agreement" means the Application once approved and accepted by Paysafe together with these terms and conditions, and any supplementary documents referenced herein, and all schedules and amendments.

2.5 "Application" means an application to open an account for EFT Processing Services with Paysafe in the form attached hereto.

2.6 "CPA" means the Canadian Payments Association as defined in the Canadian Payments Act.

2.7 "CPA Members" means a member or members of the Canadian Payments Association designated by Paysafe to process and settle Pre-Authorized Debit Transactions.

2.8 "Clearing Period" means the 6th business day following the submission of a transaction to the CPA Members.

2.9 "Client Designated Account" means the Client's bank account at a financial institution as indicated by Client in the Application, or as otherwise amended by Client with the prior written consent of Paysafe.

2.10 "Confidential Information" shall mean Paysafe's programs, procedures, proprietary or other software (including transaction software) and other intellectual property.

2.11 "Data" means: (i) the data about transactions and related instructions and information provided by Client to Paysafe in the form as indicated by Paysafe in documentation provided to Client, and as amended from time to time; and (ii) any other information requested by Paysafe.

2.12 "Effective date" means the date of this Agreement as it appears above the signatures of the parties below.

2.13 "Fee" means the amounts specified the Application.

2.14 "Fine" means (i) any fine imposed on Paysafe by any party as a result of any activity related directly or indirectly to Client; (ii) any amount which may reasonably be imposed as a fine or other penalty by a third party as a result of any activity related directly or indirectly to Client; (iii) any fine which may be imposed by Paysafe for excessive Returned Items or breach of the terms of this Agreement.

2.15 "Information" means all the information supplied by the Client to Paysafe in the Application.

2.16 Omitted;

2.17 "NSF" means an approved and settled Pre-Authorized Debit Transaction that returns for reason(s) of insufficient funds.

2.18 "Obligations" has the meaning ascribed thereto in Section 4.6.

2.19 "Processing Services" has the meaning ascribed thereto in Section 3.1.

2.20 "PAYOR FI" or "Consumer's Bank" means the CPA member that holds the Payor's Account, controls issuance and verification of the Secret Code which is used to access that Payor's Account, and receives and responds to requests for Authentication, Authorization and Approval

2.21 "Pre-Authorized Debit" means a pre-authorized debit (withdrawal) and credits (refund) issued by a Client that is drawn or deposited on an account of a consumer, as permitted by the ACSS Rules from time to time.

2.22 "Pre-Authorized Debit Transaction" means each Pre-Authorized Debit transaction, whereby a consumer's bank account is either debited or credited.

2.23 "Remittances" has the meaning ascribed thereto in Section 3.1.2.

2.24 "Reserve Amount" has the meaning ascribed thereto in Section 4.4.

2.25 "Reserve Amount Expense" means all liabilities in respect of actual or potential post-termination Obligations, and other charges, indemnifications and expenses due or reasonably anticipated to be due.

2.26 "Returned Items" means all approved and settled Pre-Authorized Debit Transactions which are at any time refused or debited by the PAYOR FI against the Acquirer FI.

2.27 "Security Deposit" has the meaning ascribed thereto in Section 4.5.1.

2.28 "Security Deposit Account" has the meaning ascribed thereto in Section 4.5

3. PROCESSING SERVICES

3.1 Subject to the terms and conditions set forth in this Agreement and the ACSS Rules, Paysafe hereby agrees to provide the following processing services to the Client (the "Processing Services"):

3.1.1 Submission of Pre-Authorized Debit Transactions requested by consumers, based on the bank account number and routing number provided by the consumer, except where authorization has been revoked. "Submission" of those requests, for purposes of this provision, shall mean the receipt and, after positive verification of the negative database, transmission of such information to the CPA Members for confirmations and approvals from the CPA Members;

3.1.2 Settlement of funds into Client's account ("Remittances") as described in the Application;

3.1.3 Provision of a Web-based real-time reporting tool to view Pre-Authorized Debit Transactions, Returned Items, and all associated fees and reserves as per Section 4;

3.1.4 Provision of documentation and application programming interface(s) for use by Client to submit transactions to Paysafe;

3.1.5 Confirmation of receipt of the Data provided by Client;

3.1.6 Verification of the submitted bank routing number;

3.1.7 Omitted;

3.1.8 Omitted;

3.1.9 Prompt notification of Client of any rejected entry from a CPA Member. Paysafe shall use reasonable efforts to provide such notification within one (1) business day of receipt of the rejected entry;

3.1.10 Prompt notification of Client of any Returned Items. Paysafe shall use reasonable efforts to provide such notification within six (6) business days of receipt of the Returned Item;

3.1.11 Omitted; and

3.1.12 Issuance of a user name and password to access Paysafe's Web-based interface.

3.2 Notwithstanding the above, Paysafe maintains the right to decline to process any Data or transactions which do not meet Paysafe's risk parameters designed to limit risk of fraud, financial loss or regulatory non-compliance.

3.3 Nothing herein grants the Client any rights whatsoever in any of Paysafe's transaction or other software other than a limited, non-exclusive, non-transferable license for use in connection with services provided by Paysafe pursuant to this Agreement, and subject to the terms and conditions of this Agreement and as Paysafe otherwise may direct, and any use thereof by the Client beyond the requirements of the Processing Services shall be subject to a separate written agreement.

4. FEES AND RESERVES

4.1 In consideration for Processing Services the Client agrees to pay to Paysafe the following non-refundable fees:

4.1.1 All fees as indicated in the Application;

4.1.2 For any Returned Items amounting to 20% of the volume of transactions in any month, a Fine of up to $35 for each returned transaction over such threshold amount may be assessed by Paysafe or its ACQUIRER FI;

4.1.3 Should the Client be deemed to have violated the terms of Schedule B, Client shall pay Paysafe the Fine as indicated therein;

4.1.4 Omitted;

4.1.5 Any other charges or fees imposed from time to time by the CPA Members or banks or other third parties for handling Pre-Authorized Debits; and

4.1.6 For each wire transfer received from Paysafe the amount specified in the attached Application.

4.2 The Client shall also be obliged to:

4.2.1 reimburse Paysafe for all credits issued by Paysafe on behalf of the Client; and

4.2.2 reimburse Paysafe for all Returned Items and pay all Fines related to Returned Items.

4.3 Client hereby authorizes Paysafe to deduct from the Remittances the amounts owing under Sections 4.1 and 4.2 above. In the event that the Remittances are insufficient to pay the amounts owing by the Client to Paysafe, the Client shall pay the balance thereof within seven (7) business days following receipt of Paysafe's notice for such amount.

4.4 Paysafe is authorized to establish a reserve amount (the "Reserve Amount") in connection with the Processing Services provided hereunder. The Reserve Amount shall be maintained in full by Paysafe for the term of this Agreement and for a period of seven (7) months thereafter. Thereafter, Paysafe shall pay to the Client any amounts remaining out of the Reserve Amount that were not used to offset any Obligations due to Paysafe in connection with any account, such Obligations including but not limited to Reserve Amount Expenses.

4.4.1 The Parties agree that the purpose of the Reserve Amount is to ensure Paysafe's recovery of any liabilities owed it or reasonably anticipated to be owed to it by the Client pursuant to this Agreement including, without limitation, all applicable fees provided for in Section 4 hereof, and Reserve Amount Expenses for any account, transaction or otherwise arising from this Agreement.

4.4.2 The Parties agree that the Remittances shall be used to fund and replenish the Reserve Amount. Paysafe shall withhold amounts from the Remittances so as to maintain a balance in the Reserve Amount consistent with the Reserve Amount set forth in the Application.

4.4.3 Paysafe, in its sole discretion, may amend the Reserve Amount at any time following the six (6) month anniversary of the Effective Date. Notwithstanding any provision to the contrary in this Agreement, any new Reserve Amount would take effect immediately upon the Client's receipt of written notice of such new rate from Paysafe.

4.4.4 On the first business day of the seventh month after the Effective Date, and on that day of every month during the term thereafter, the reserves generated from the first month of operation (and, thereafter, from the first remaining month) will be forwarded to the Client on a rolling basis, net of any amounts in any Account offset pursuant to this Agreement, including without limitation all Reserve Amount Expenses.

4.4.5 For the avoidance of doubt, Paysafe shall have the right, in its sole discretion and at any time without notice, to withdraw and make use of any and all amounts from the funds comprising the Reserve Amount. Interest that accrues on the amounts comprising the Reserve Amount (if any) shall belong to, and be retained by, Paysafe.

4.4.6 Client's right in respect of the Reserve Amount is solely a contractual right in a running account to payment of the ultimate balance found due (if any), after any offsets under or in accordance with this Section 4.4 have been made.

4.5 Paysafe is authorized to establish a security deposit account (the "Security Deposit Account") in connection with the Processing Services hereunder in the name of Paysafe. The Security Deposit Account shall be maintained by Paysafe for the term of this Agreement and for a period of seven (7) months thereafter. Thereafter, Paysafe shall pay to the Client any amounts remaining in the Security Deposit Account that were not used to offset amounts due to Paysafe under any other provision of this Agreement.

4.5.1 As security for the payment of the Obligations by the Client, the Client agrees to provide Paysafe with a security deposit (the "Security Deposit") for the Security Deposit Account in the form and amount specified in the Application. Any existing Security Deposit and Security Deposit Account shall remain in effect but under the terms of this Section 4.5, 4.5.2 and 4.5.3.

4.5.2 Paysafe shall have the right, in its sole discretion, to withdraw from the Security Deposit Account any and all amounts owed to Paysafe hereunder should the Client fail to pay such amounts within five (5) business days of the Client's receipt of written notice of default from Paysafe.

4.5.3 Paysafe shall have the right, in its sole discretion, to withdraw from the Security Deposit Account any and all amounts owed to Paysafe hereunder should the Client fail to pay such amounts within five (5) business days of the Client's receipt of written notice of default from Paysafe.

4.6 As continuing and collateral security for the due and punctual payment of any and all amounts now owing or which may hereafter become owing to Paysafe by the Client or for the satisfaction of any amounts disbursed by Paysafe on behalf of the Client including, but not limited to, credits, Returned Items, Fines, penalties and interest, under this Agreement (the "Obligations"), as same may be amended, renewed, extended or supplemented, the Client hereby grants in favour of Paysafe a lien and security interest, with effect as of and from this date, in and to the Remittances, Security Deposit and Reserve Amount and all funds therein comprised. The Client undertakes not to grant to any other person any charge, mortgage, hypothecary or other security interest of equal or superior rank to Paysafe's in the Remittances, Security Deposit or Reserve Amount. The Client further undertakes, upon notice by Paysafe and at its expense, to execute such documents, make such filings and registrations at the appropriate offices of public record and seek such consents as may be necessary or desirable to perfect Paysafe's first-ranking hypothec and security interest therein. To the extent applicable, in the case of any voluntary or involuntary bankruptcy or insolvency petition or proceeding, Client acknowledges and agrees that notwithstanding anything contained in this Agreement, the Remittances, Security Deposit or Reserve Amount is separate and apart from the Client's insolvency estate and Paysafe has a first priority thereon.

4.7 Paysafe shall have the right to immediately withdraw from the Reserve Amount any and all amounts owed to it hereunder without notice or demand. Paysafe shall have the additional right to immediately withdraw from the Security Deposit any and all amounts owed to it hereunder. Paysafe's rights to sums owed to it by Client pursuant to this Agreement shall in no way be limited by the balance or existence of the Reserve Amount or the Security Deposit. Paysafe's rights with respect to the Reserve Amount and the Security Deposit shall survive the termination of this Agreement.

4.8 All interest which may accrue in respect of the Reserve Amount and Security Deposit as well as any other amounts in the Client's account shall be for the sole account of Paysafe.

4.9 As amounts become payable to either party under this Agreement, and unless otherwise agreed in writing, the party making the payment shall do so by facilitating a wire transfer to a pre-designated account stipulated by the other party.

4.10 Either party may change or modify its pre-designated account(s), except that any change or modification by Client to its pre-designated account(s) requires prior written consent of Paysafe, which may be withheld in its sole discretion.

4.11 The Client shall be responsible, in addition to the amount mentioned above, for the payment of any and all applicable sales or other taxes due upon the Pre-Authorized Debit Transactions and the fees hereunder.

4.12 Notwithstanding Section 3.1.1, Paysafe shall have the right to limit or cease processing Pre-Authorized Debit Transaction requests (i) should in Paysafe's sole determination the Client's Reserve Amount and Security Deposit not be adequately funded; or (ii) if Paysafe has a concern about the volume of activity in the account; or (iii) if the Client is in overdraft with Paysafe; or (iv) for any other valid reason.

4.13 Paysafe reserves the right to amend the fees charged under Section 4.1 at its sole discretion and at any time following the six (6) month anniversary of the execution of this Agreement. The new fees will take effect upon a simple notice to the Client in accordance with Section 11.

4.14 Paysafe reserves the right to increase the Reserve Amount withheld from Remittances under Section 4.4 should Paysafe in its sole discretion deem the risk of Client's account to have materially increased.

5. INDEMNIFICATION AND LIMITATION OF LIABILITY

5.1 The Client and the Guarantor (as hereinafter defined) shall jointly and severally defend and hold harmless Paysafe against and in respect to any and all claims, demands, losses, costs, expenses, obligations, liabilities, damages, recoveries, and deficiencies, including interest, penalties and reasonable legal fees (in Quebec, including but not limited to judicial and extra-judicial costs and fees) that Paysafe shall incur or suffer, that arise, result from, or relate to any breach of or failure by the Client to perform any of its representations, warranties, covenants or agreements in this Agreement or in any schedule, supplemental agreement, appendix or other instrument furnished or to be furnished to Client under this Agreement or from any fault, negligence or willful misconduct by the Client or its employees or agents.

5.2 Paysafe's liability to Client with respect to any Pre-Authorized Debit Transaction shall not exceed the amount represented by the transaction record in connection with such Pre-Authorized Debit Transaction, less the applicable fees payable to Paysafe hereunder.

5.3 ALL WARRANTIES AND CONDITIONS EXPRESSED OR IMPLIED INCLUDING, BUT NOT LIMITED TO, IMPLIED WARRANTIES OF MERCHANTABLE QUALITY AND FITNESS FOR ANY PARTICULAR PURPOSE OF THE PROCESSING SERVICES OR OF ANY SOFTWARE, HARDWARE OR SERVICES PROVIDED BY PAYSAFE HEREUNDER ARE HEREBY DISCLAIMED BY PAYSAFE, ITS AFFILIATES, ACQUIRER FIs, AGENTS AND LICENSORS. IN ADDITION, PAYSAFE, ITS AFFILIATES, ACQUIRER FIs, AGENTS AND LICENSORS SHALL NOT BE LIABLE FOR SPECIAL, INCIDENTAL, CONSEQUENTIAL, EXEMPLARY, PUNITIVE, LIQUIDATED OR OTHER INDIRECT OR EXTRA-CONTRACTUAL DAMAGES IN ANY WAY CONNECTED WITH OR ARISING OUT OF THE USE OF THE PROCESSING SERVICES OR ANY OTHER SOFTWARE, HARDWARE OR SERVICES PROVIDED BY PAYSAFE HEREUNDER.

5.4 Paysafe shall use commercially reasonable efforts to perform the Processing Services provided however, Paysafe, its affiliates, agents or licensors shall not be liable for any loss resulting from the activities of Paysafe's service providers, the Client or the Client's consumers, nor from any erroneous statements or errors in transmission, nor for any loss resulting from any delay, interruption or failure to perform hereunder due to any circumstances beyond Paysafe's reasonable control including, without limitation, acts of god, force majeure, fire, explosion, earthquake, riot, war, sabotage, accident, embargo, storms, strikes, lockouts, any interruption, failure or defects in Internet, telephone, or other interconnect services or in electronic or mechanical equipment. Paysafe's obligations hereunder shall be suspended during any of the foregoing circumstances, which suspension shall not be a cause for termination of this Agreement by the Client.

6. TERM AND TERMINATION

6.1 This Agreement shall be effective commencing on the Effective Date until the first anniversary of the Effective Date, and thereafter shall be renewed automatically for additional consecutive three (3) month periods, unless earlier terminated in accordance with the terms of Sections 6.2 to 6.4 hereof.

6.2 Notwithstanding Section 6.1, Paysafe shall have the right to terminate this Agreement immediately in the event:

6.2.1 of breach by the Client of its representations, warranties, covenants or other obligations under this Agreement;

6.2.2 that the Client is delinquent in any payment hereunder ten (10) days after the same has become due;

6.2.3 the Client assigns this Agreement to any party without the consent required under Section 14.3; or

6.2.4 the Client makes an assignment for the benefit of its creditors, files a petition in bankruptcy, is adjudicated insolvent or bankrupt, files a petition or applies to any tribunal for any receiver, trustee, liquidator or sequestrator of any substantial portion of its property, commences any proceeding under any law or statute of any jurisdiction respecting insolvency, bankruptcy, reorganization, arrangement or readjustment of debt, dissolution, winding-up, composition or liquidation, or otherwise takes advantage of any bankruptcy or insolvency legislation whether now or hereafter in effect, or if any receiver, trustee, liquidator or sequestrator of any substantial portion of its property is appointed; or,

6.2.5 the ACSS Rules or any applicable law do not permit provision of the Processing Services; or

6.2.6 an Acquirer FI discontinues the provision of acquirer services to Paysafe for any reason.

6.3 Paysafe may also terminate this Agreement without cause upon twenty (20) days' written notice to Client.

6.4 Notwithstanding Section 6.1, Client may terminate this Agreement, with or without cause, upon thirty (30) days' written notice to Paysafe.

6.5 Upon any termination of this Agreement, the Client shall immediately discontinue the use of all of the Processing Services and the license granted under Section 3.3 shall terminate. All provisions that are intended by their terms to survive the expiration or termination of this Agreement, including, without limitation, provisions regarding indemnification, representations, warranties, liability and limits thereon and Confidential Information, shall survive indefinitely or until the expiration of any time period specified elsewhere in this Agreement with respect to the provision in question. Termination of this Agreement shall not relieve the Client of its obligations to pay accrued fees.

6.6 Upon any termination of this Agreement, Paysafe shall retain, as security for the payment of the Obligations, each of the Security Deposit and the Reserve Amount as well as any other amounts in the Client's account for a full seven (7) month period from the date of termination.

7. CONFIDENTIALITY

7.1 The Client agrees that it will:

7.1.1 not use any of the Confidential Information for purposes other than this Agreement;

7.1.2 not disclose to any third party any of the Confidential Information; and

7.1.3 retain in strictest confidence all Confidential Information except in the performance of its obligations under this Agreement.

7.2 The Client agrees that it will not issue any press releases or similar publicity statement regarding this Agreement without the prior written consent of Paysafe or as required by law.

7.3 Termination of this Agreement shall not release the Client from its obligations under Sections 7.1 and 7.2.

7.4 Paysafe agrees that it will retain in strictest confidence the names and other personal information about the Client's consumers unless such disclosure is required by competent authority. Each Party shall comply with applicable laws relating to the collection, use, storage and disclosure of personal information of Client's consumers. In addition, the Client will take all necessary security measures to ensure the security of personal information of Client's consumers.

7.5 Termination of this Agreement shall not release Paysafe from its obligations under Section 7.4.

8. REPRESENTATIONS, WARRANTIES AND COVENANTS OF THE CLIENT

8.1 The Client hereby covenants to Paysafe that it will:

8.1.1 offer for sale through its website only products and services that are available for delivery in the normal course of the Client's business, based upon the type of product or service being offered, which were pre-approved by Paysafe in the Application;

8.1.2 offer products or services for sale only if the Client has legitimate rights to market and sell such products or services;

8.1.3 fully comply with the rules imposed by the Acquiring FI, the CPA or Paysafe from time to time and as currently specified in Schedule A, which may be updated from time to time upon 30 days' written notice by Paysafe;

8.1.4 submit to Paysafe in writing, for Paysafe's written consent, any changes or modifications to the Information, including but not limited to, changes in the products and services available through the Client's website or changes to any of Client's policies;

8.1.5 only use the Processing Services for transactions for which Client has received full express and proper agreement for the Pre-Authorized Debit Transaction from the consumer for such transaction in accordance with the requirements set out in Schedule A; including full express and proper authorization and consent from the consumer for Paysafe and its affiliates, agents, suppliers, and subcontractors to use personal information provided by consumer to obtain credit reports from authorized credit reporting agencies, in accordance with all applicable laws and regulations , if such credit checks are required by Paysafe or otherwise for the type of Pre-Authorized Debit Transaction submitted. In order to obtain such consents, Client will require each consumer to agree to the following text: "You hereby authorize Paysafe Merchant Services Inc., our supplier, to make any inquiries with any third party we and they consider necessary to confirm your transaction with us. This may include ordering a credit report and/or verifying the information you provide against third party databases." Client further represents, warrants and covenants that it has obtained all required consents from consumers in respect of their personal information to be accessed, collected, used or transferred by Paysafe in providing the services under this Agreement; and it has read, understood and hereby accepts Paysafe' s privacy policy on behalf of itself and the consumers at: https://www.paysafe.com/ca- en/paysafegroup/privacy-policy/. In addition, to the extent that Client has been introduced to Paysafe and entered into this Agreement through a referral partner of Paysafe or a software platform provider integrated to Paysafe (collectively referred to as the "Platform Partner"), Client acknowledges and agrees that Paysafe may share transaction information with the Platform Partner on a need to know basis.

8.1.6 Client shall provide records of authorizations from consumers for Pre-Authorized Debit Transactions and/or consumer consents related to credit reports, to Paysafe upon request. Client shall retain each consent to obtain a credit report for a minimum period of two (2) years from the date of the transaction

8.1.7 only use the Processing Services for transactions that are in compliance with all applicable laws and regulations, and so as to permit Paysafe and the Acquirer FI to comply with all requirements of ACSS Rules; and

8.1.8 only use the Processing Services for transactions with consumers who can form legally binding contracts under applicable laws and regulations. Without limiting the scope of this Section 8.1.7, consumers must be at least 18 years of age or the age of majority in the jurisdiction in which the consumer is domiciled, whichever is greater.

8.2 The Client hereby represents and warrants to Paysafe that:

8.2.1 it will maintain the value and reputation of Paysafe to the best of its reasonable ability;

8.2.2 it will advise Paysafe promptly in writing of any errors in the Processing Services;

8.2.3 it will conduct its business affairs in accordance with the terms and intent of this Agreement, and in compliance with all applicable government laws, including, but not limited to, as applicable compliance with provincial consumer protection legislation, Canadian legislation relating to marketing and promotions of goods and services, Proceeds of Crime (Money Laundering) and Terrorist Financing Act (Cda), US Federal Trade Commission Telemarketing Sales Rule (16 C.F.R. Part 310) and the US Telephone Consumer Protection Act, and regulations or other rules or guidelines as set out by Paysafe from time to time;

8.2.4 it will manage its business in such a way as to ensure that Returned Items do not exceed a reasonable amount of the total value of its business;

8.2.5 it will immediately replenish its account at Paysafe should the balance fall below acceptable levels as determined by Paysafe;

8.2.6 it will not use the Processing Services in connection with any illegal or fraudulent business activities;

8.2.7 it will not permit or authorize any other person to use the Processing Services;

8.2.8 the Information will not be changed or modified in any way without the prior written consent of Paysafe;

8.2.9 Omitted;

8.2.10 In respect of every transaction, the consumer shall have accurately provided all required information necessary to authorize and process the Pre-Authorized Debit Transaction;

8.2.11 the date of the Pre-Authorized Debit Transaction shall accurately coincide with the date of the submission of the transaction to Paysafe for processing and the date the transaction actually occurred;

8.2.12 the amount of the Pre-Authorized Debit Transaction entered into the Paysafe system for processing and the Pre- Authorized Debit Transaction amount authorized by the consumer shall agree;

8.2.13 in respect of every transaction, Client has no reason to question or have notice of any fact, circumstance or defense which would impair the validity or collectability of the consumer's obligation or relieve the consumer from liability for the Pre-Authorized Debit Transaction; each Pre-Authorized Debit transaction must be drawn on accounts for which the consumer has signing authority at the Consumer's bank; and

8.2.14 each Pre-Authorized Debit Transaction represents the obligation of the consumer for goods or services actually sold or rendered by Client for the actual price of such goods or services (including tax and shipping) and does not involve any element of credit for any purpose

8.3 The Client acknowledges to Paysafe that the parties are independent contractors and that nothing herein shall be construed as creating a joint venture or partnership between them. For greater certainty, the Client acknowledges that Paysafe is not involved in the Client's business.

8.4 The Client agrees that at any time, and from time to time, during the term of this Agreement and only with regard to the Paysafe services, Paysafe shall have the right to post or to require posting of, without any charge, a banner, graphic or logo of Paysafe on the application/deposit page of internet website(s) incorporating the Processing Services, advertising Paysafe's and its affiliates' businesses. Paysafe's obligation to provide Client with the Processing Services are conditional on Client undertaking to:

8.4.1 Identify Client Designated Account;

8.4.2 Provide Paysafe with the Data in a timely manner and as requested by Paysafe from time to time;

8.4.3 Co-operate with Paysafe to permit Paysafe to provide the Processing Services;

8.4.4 Follow procedures, written or oral, as provided to Client by Paysafe from time to time;

8.4.5 Adhere to all applicable laws and regulations;

8.4.6 Review all statements issued to Client by Paysafe and inform Paysafe in writing of any errors or discrepancies within five (5) days of Client receipt of same;

8.4.7 Omitted.

8.5 Client hereby irrevocably pre-authorizes Paysafe to:

8.5.1 issue debits for payment from any Client Designated Account to Paysafe for any amount due from Client to Paysafe in accordance with the terms hereof; and

8.5.2 issue debits for payment from Client Designated Account to pay for Fees, Returned Items, penalties and Fines; such rights to exist during the term of this Agreement and to continue for one hundred and eighty (180) days thereafter.

8.6 Upon Client execution of this Agreement Client authorize Paysafe to undertake the appropriate credit and risk assessments on Client.

9. GUARANTORS

9.1 As a primary inducement to Paysafe to enter into this Agreement, the individuals listed as "Guarantor 1" and "Guarantor 2" on the attached Application (the "Guarantors"), being all the registered and beneficial shareholders of the Client or any other party identified as a Guarantor, by signing this Agreement, jointly and severally, unconditionally and irrevocably, guarantee the continuing full and faithful performance and payment by Client of each of its duties and obligations to Paysafe pursuant to this Agreement and any and all renewals thereof, whether before or after termination or expiration and whether or not any of the Guarantors has received notice of any amendment. If Client breaches this Agreement, Paysafe may proceed directly against any or all of the Guarantors or any other persons or entity responsible for the performance of this Agreement, without first exhausting its remedies against any other person or entity responsible therefore to it, or any security held by Paysafe.

10. AMENDMENTS

10.1 Except as otherwise expressly stated to the contrary, Paysafe may amend this Agreement at any time by written notice to Client of any amendment at least thirty (30) days prior to the effective date of the amendment, which amendment shall not (without Client's written consent) retroactively affect or modify the fees, reserves or transactions occurring prior to the effective date of the amendment. The amendment shall become effective on the date specified by Paysafe unless Paysafe receives Client's notice of termination of this Agreement pursuant to this Section 10.1 before such effective date.

11. NOTICES

11.1 All written notices and other written communications required or permitted under this Agreement must be either personally delivered, sent by prepaid, registered mail or sent by email, charges (if any) prepaid, addressed as follows:

A) If to Paysafe Merchant Services Inc.:
3500 de Maisonneuve Blvd. W, Suite 700
Montréal, Québec, H3Z 3C1
Attn: Legal Department
Email: legal.departmentNA@paysafe.com

B) If to Client: At the email address or address provided as the billing address and to the contact listed on the Application. Any written notice delivered to the party to whom it is addressed will be deemed to have been given and received on the day it is so delivered at that party's address, provided that (i) it is so delivered before 5:00 p.m.; and (ii) if that day is not a business day then the written notice will be deemed to have been given and received on the next business day. Any written notice transmitted by email will be deemed to have been given and received on the day on which it was transmitted (but if the written notice is transmitted on a day which is not a business day (or after 5:00 p.m.), the written notice will be deemed to have been received on the next business day). Any written notice given by registered mail will be deemed to have been received on the fifth business day after which it is so mailed. Client acknowledges and agrees that written notice and other written communications required or permitted to be given by Paysafe under the Agreement shall be properly given if contained in the on-line statement provided from time to time to Client by Paysafe. For purposes of this Section 11.1, references to a time of day shall mean that time of day in the jurisdiction of the receiving party (e.g., "5:00 p.m." shall mean 5:00 p.m. in the jurisdiction of the receiving party) and references to "business day" shall be mean a day other than a Saturday, Sunday or statutory holiday in the jurisdiction of the receiving party.

12. RETENTION OF ELECTRONIC CHECK AUTHORIZATION RECORDS

12.1 Client shall cause the consumer to provide a verbal authorization for each Pre-Authorized Debit Transaction conducted by telephone ("Telephone Transaction") and an electronic authorization for each transaction conducted over the Internet ("Internet Transaction") submitted to Paysafe for processing pursuant to this Agreement. In connection with the Telephone Transactions, Client shall either make a tape recording of the consumer's verbal telephone authorization or Client shall provide a written confirmation notice to the consumer of such verbal authorization in Paysafe's required format within three (3) days of the Pre-Authorized Debit Transaction.

12.2 Client shall maintain a copy of each authorization for a Pre-Authorized Debit Transaction for a minimum period of two (2) years from the date of the transaction or for the period specified by the ACSS Rules, whichever is longer, including, without limitation, (i) each tape recording authorization or, alternatively, the written confirmation notice provided to the consumer of the consumer's verbal authorization for Telephone Transactions, and (ii) said electronic authorization for Internet Transactions for a minimum period of two (2) years from the date of the transaction or for the period specified by the ACSS Rules, whichever is longer (collectively the "Authorization Documentation").

12.3 Within 7 days of Paysafe's request therefore, Client shall deliver to Paysafe a physical or electronic copy of the Authorization Documentation for any Telephone Transaction and/or Internet Transaction.

12.4 Client, upon reasonable notice and during normal business hours, shall permit Paysafe to audit Client for its compliance with this Section 12.

12.5 Notwithstanding anything to the contrary herein, if Paysafe has agreed to provide the written confirmation notice referred to in this Section 12 on behalf of Client to the consumer, Client shall not be responsible for maintaining such records nor shall Client be considered in breach of such requirement.

13. CREDIT LAW COMPLIANCE

13.1 Client certifies that: (i) it has a legitimate direct business need in connection with a transaction initiated by or with the consumer for the information from any consumer reporting agency provided by Paysafe under this Agreement regarding such consumer; and (ii) the information provided by Paysafe will only be used for permissible purposes as defined in applicable consumer reporting legislation and other applicable provincial and federal laws, with the exception that the information will not be used for employment purposes, and will not be used by Client for any purpose other than one transaction between Client and the consumer occurring on the date of the submission of the transaction to Paysafe for processing. Except as required by applicable law, neither Client, nor its agents or employees, shall disclose the results of any inquiry made to Paysafe except to the consumer about whom such inquiry is made and in not to any other person outside Client's organization. If Client decides to reject any transaction, in whole or in part, because of consumer credit information obtained from Paysafe, Client agrees to provide the consumer with all information required by law and Paysafe.

14. MISCELLANEOUS

14.1 Subject to the payment of the minimum monthly fee as indicated in the Application, Client's use of Paysafe's services hereunder are completely at will and non-exclusive.

14.2 This Agreement together with its Schedules and any supplemental agreements, addenda and appendixes constitutes the entire agreement between the parties pertaining to the subject matter contained in it and supersedes all prior and contemporaneous agreements, representations and understandings of the parties. No waiver of any of the provisions in this Agreement shall be deemed or shall constitute, a waiver of any other provision, whether or not similar, nor shall any waiver constitute a continuing waiver. No waiver shall be binding unless executed in writing by the party making the waiver.

14.3 The Client may not assign this Agreement, or any rights hereunder, directly or by operation of law, without the prior written consent of Paysafe which consent may be withheld for any reason in Paysafe's sole discretion. For purposes of this Agreement, assignment shall include, but not be limited to, transfer of control of the Client, any ownership change which results in a new majority owner and any change in the jurisdiction of incorporation of the Client.

14.4 The Client shall be liable for and shall indemnify and reimburse Paysafe for any and all legal fees (in Quebec, including but not limited to judicial and extra-judicial costs and fees) and other costs and expenses paid or incurred by Paysafe in the enforcement of this Agreement, or in collecting any amounts due from the Client hereunder, or resulting from any breach of any of the terms or conditions of this Agreement.

14.5 All remedies of either party hereunder are cumulative and may be exercised concurrently or separately. The exercise of any one remedy shall not be deemed to be an election of such remedy and shall not preclude the exercise of any other remedy. No failure on the part of either party to exercise and no delay in exercising any right or remedy hereunder shall operate as a waiver of such right or remedy.

14.6 If any provision of this Agreement is held invalid or unenforceable by any court of final jurisdiction, it is the intent of the parties that all other provisions of this Agreement be construed to remain fully valid, enforceable and binding on the parties.

14.7 The subject headings of the paragraphs and subparagraphs of this Agreement are included for convenience only and shall not affect the construction or interpretation of any of its provisions.

14.8 All disputes arising between the parties hereto in connection with the Agreement, including its existence, validity or termination, shall be resolved through binding arbitration or, if mutually agreed, by another recognized arbitral body, in either case to take place in Montreal, Canada before a single arbitrator with the proceedings to be conducted in English. This Agreement shall be governed by and construed under the laws of the Province of Ontario and the federal laws of Canada applicable therein (save and except for the movable hypothec created in section 4.6 which will be governed by the laws of the Province of Quebec), without regard to principles of conflict or choice of law of the Province of Ontario or any other jurisdiction.

14.9 All amounts referred to in this Agreement are in Canadian funds.

14.10 It is the express wish of the parties that this Agreement and all related documents be drawn up in English. C'est la volonté expresse des parties que la présente convention ainsi que les documents qui s'y rattachent soient rédigé en anglais.

Peoples Trust Terms and Conditions

Subject to the requirements of applicable Card Association Rules, Paysafe Merchant Services Inc. ("Paysafe") and Peoples Trust Company ("Peoples Trust") may allocate their respective duties and obligations between themselves as they deem appropriate at their sole discretion, and Paysafe or Peoples Trust may jointly or individually assert or exercise the rights or remedies provided to Peoples Trust hereunder. For purpose of the Merchant Agreement, unless expressly stated to the contrary, Peoples Trust and Paysafe are collectively referred to hereinafter as "Peoples Trust". Peoples Trust and Merchant agree as follows:

1. DEFINITIONS

1.01 "Account" means a commercial chequing or demand deposit account maintained by Merchant (and referred to in the Section hereof entitled "Deposit Account") for the crediting of collected funds and the debiting of fees and charges under the Merchant Agreement.

1.02 "Authorization" means a computerized function or a direct phone call to a designated number to examine individual Transactions to obtain approval from the Card Issuer to charge or debit the Card, as the case may be, for the amount of the sale.

1.03 "Branded Card" means a Visa or MasterCard branded card or an Interac debit card.

1.04 "Card" means, (i) a valid credit or debit card bearing the "Visa", "MasterCard" or "Interac" branded marks; or (ii) any other valid credit or debit card accepted by Merchant by agreement with Peoples Trust.

1.05 "Card Association" means Visa, MasterCard, Interac, or any other brand in conjunction with which Card Issuers provide Cards accepted by Merchant by agreement with Peoples Trust.

1.06 "Card Association Rules" means the respective and collective by-laws, rules, regulations, operating manuals, operating letters and policies, and cardholder data security standards, as such may be amended from time to time, and established and imposed by Card Associations in respect of Cards.

1.07 "Card Issuer" means the financial institution or company which has provided a Card to a Cardholder.

1.08 "Card Not Present (CNP)" means that an Imprint of the Card is not obtained at the point-of-sale.

1.09 "Cardholder" means the person whose name is embossed upon the face of the Card, or other authorized users of the Card.

1.10 "Cardholder Information" means any non-public, personally identifiable information about a Cardholder, including any combination of Cardholder name plus the Cardholder's social insurance number, driver's license or other identification number or credit or debit card number, or other bank account number.

1.11 "Chargeback" means the procedure by which a Sales Draft (or disputed portion thereof) is returned to Peoples Trust by a Card Issuer because such item does not comply with the applicable Card plan's operating regulations.

1.12 "Credit Voucher" means a document executed by a Merchant evidencing any refund or price adjustment relating to Cards to be credited to a Cardholder account.

1.13 "Data Privacy Requirements" means Applicable Laws and guidelines pertaining to privacy such as the Personal Information Protection and Electronic Documents Act, Card Association bylaws, operating regulations and rules related to data security, data integrity and the safeguarding of Cardholder Information including the Payment Card Industry Data Security Standard ("PCI"), MasterCard's Site Data Protection Program ("SDP"), Visa's Customer Information Security Program ("CISP"), INTERAC requirements and such other reasonable requirements provided by Peoples Trust or Paysafe from time to time.

1.14 "EFT" means the Electronic Funds Transfer system managed by the Canadian Payments Association.

1.15 "Imprint" means (i) an impression on a Sales Draft manually obtained from a Card through the use of an imprinter, or (ii) the electronic equivalent obtained by swiping or dipping a Card through a terminal and electronically capturing Card Data and printing a Sales Draft.

1.16 "Law(s)"" means all laws, statutes, codes, ordinances, decrees, rules, regulations, by-laws, statutory rules, principles of law, published policies and guidelines, judicial or arbitral or administrative or ministerial or departmental or regulatory judgments, orders, decisions, rulings or awards, including general principles of common and civil law, and the terms and conditions of any grant of approval, permission, authority or licence of any governmental authority, including without limitation, all consumer credit and consumer protection Laws, and anti-money laundering Laws; and the term "applicable" with respect to Laws and in a context that refers to one or more persons, means that the Laws apply to the person or persons, or its or their business, undertaking or property, and emanate from a governmental authority having jurisdiction over the person or persons or its or their business, undertaking or property.

1.17 "Merchant Agreement" means the Merchant Application once approved and accepted by Peoples Trust together with these Terms and Conditions, and any supplementary documents referenced herein, and all schedules and amendments to the foregoing.

1.18 "Non-Qualifying Transaction" means any sale Transaction that fails to qualify for lowest interchange rate assigned by the applicable Card Association for Merchant's standard card industry code.

1.19 "Qualifying Transaction" means any sale Transaction that is not a Non-Qualifying Transaction.

1.20 "Representative(s)" means any employee, service provider, subcontractor, agent, representative, contractor, associate, officer, director, principal of Merchant or any other third party engaged by Merchant.

1.21 "Reserve Account" has the meaning set out in Section 3.05.

1.22 "Retrieval" means responding to requests for documentation relating to a Transaction.

1.23 "Sales Draft" means the paper form, whether electronically or manually imprinted, evidencing a Transaction.

1.24 "Scrip" means any substitute for currency which is not legal tender.

1.25 "Schedule A" means Schedule A – PRICING set out in the in the Merchant Application.

1.26 "Schedule A-1" means the Schedule A-1 attached hereto and forming an integral part hereof – Schedule A-1 describes the Services provided by Paysafe.

1.27 "Transaction" means any sale of products or services, or credit for such, from a Merchant for which the Cardholder makes payment or receives credit through the use of any Card and which is presented to Peoples Trust for collection or payment.

1.28 "Voice Authorization" means a direct phone call to a designated number to obtain credit approval on a Transaction from the Card Issuer, whether by voice or voice-activated systems.

2. CARD ACCPETANCE

2.01 Honouring Cards. Merchant will accept all valid Cards when properly presented by Cardholders in payment for goods or services, subject to applicable Card Association Rules requiring Merchant to elect whether to accept credit only, debit only or both debit and credit Cards. Merchant's election is set forth in the Application. Merchant may not establish minimum or maximum amounts for Card sales as a condition for accepting any Card. Merchant may not require any Cardholder to pay any part of any discount rate or other charge imposed upon Merchant by the Merchant Agreement, whether through imposition of a price increase not imposed on cash paying customers or through imposition of any charges not imposed on cash paying customers. However, nothing herein shall prevent Merchant from offering (i) discounts to customers for cash purchases or (ii) differential discounts to customers among different Card Associations. Merchant may not engage in a Transaction (other than a mail, internet, telephone order, or preauthorized sale to the extent permitted under the Merchant Agreement) if the person seeking to charge the purchase to his or her Card account does not present the Card to permit Merchant to compare the signature on the Card to the signature on the Sales Draft and obtain an Imprint or otherwise use the physical Card to complete the Transaction.

2.02 Advertising. Merchant's use of promotional materials and use of any trade name, trademark, service mark or logo type ("Marks") associated with a Card is limited to informing the public that the Card will be accepted at Merchant's place(s) of business. Merchant's use of promotional materials and Marks is subject to Peoples Trust's direction and to the Card Association Rules. Merchant may use promotional materials and Marks only during the term of the Merchant Agreement and will immediately cease use and return any inventory to Peoples Trust upon termination thereof. Merchant may not use any promotional materials or Marks associated with Visa, MasterCard or Interac in any way which suggests or implies that either endorses any goods or services other than Card services.

2.03 Card Acceptance. When accepting a Card, Merchant will follow the steps provided by Peoples Trust for accepting Cards and will: (a) obtain Authorization from the Card Issuer to charge the Cardholder's account; (b) enter a description of the goods or services sold and the price thereof (including any applicable taxes); (c) deliver a true and completed copy of the Sales Draft to the Cardholder at the time the goods are delivered or services performed.

2.04 Authorization. Merchant will obtain an Authorization for all Card sales. If Merchant cannot, for any reason, obtain an electronic Authorization through the use of a terminal, Merchant will request a Voice Authorization from Peoples Trust designated authorization center and will legibly print the Authorization number on the Sales Draft. Merchant will not obtain or attempt to obtain Authorization from Peoples Trust's authorization center unless Merchant intends to summit to Peoples Trust a Transaction for the authorized amount if Authorization for the Transaction is given. Merchant may not divide a single Transaction between two or more Sales Drafts on a single Card to avoid Authorization limits that may be set by the Card Issuer. Merchant acknowledges that an Authorization provides only that the Cardholder account has sufficient credit available to cover the amount of the current sale and that an Authorization is not a guarantee that the Transaction will not be subject to dispute or Chargeback and does not warranty the Cardholder's identity. Merchant may not attempt to obtain an authorization by successively decreasing the sale amount. Peoples Trust may refuse to purchase or process any Sales Draft presented by Merchant: (a) unless a proper authorization code or approval code has been recorded on the Sales Draft; (b) if Peoples Trust determines that the Sales Draft is or is likely to become uncollectible from the Cardholder to which the Transaction would otherwise be charged; or (c) if Peoples Trust has reason to believe that the Sales Draft was prepared in violation of any provision of the Merchant Agreement. Merchant will use, and may not circumvent, fraud identification tools requested by Peoples Trust, including Address Verification System processing, CVC2/CVV2 processing and acknowledges that the use of these tools may prevent Merchant from accepting certain Cards as payment. Merchant acknowledges that its use of fraud identification tools may not prevent fraudulent Card usage and agrees that any fraudulent Transaction may ultimately result in a Chargeback, for which Merchant retains full liability under the Merchant Agreement.

2.05 Intentionally Omitted

2.06 Multiple Transaction Records: Partial Consideration. Merchant may not prepare more than one Sales Draft for a single sale or for a single item but will include all items of goods and services purchased in a single Transaction in the total amount on a single Sales Draft except under the following circumstances: (a) for purchases in separate departments of a multiple department store; (b) for partial payment, installment payment, delayed delivery or an advance deposit; or (c) for delayed or amended charges governed by Card Association Rules for travel and entertainment merchants

2.08 Bona Fide Purchases by Merchant to the Cardholder. Merchant must estimate and obtain Authorization for the amount of the Transaction based upon the Cardholder's intended length of stay at hotel, car rental, restaurant(s) (and/or approximate tip/gratuity). Additional Authorization must be obtained and recorded for charges actually incurred in excess of the estimated amount. Regardless of the terms and conditions of any written preauthorization form, the Sales Draft amount for any lodging, vehicle rental or restaurant Transaction must include only that portion of the sale, including any applicable taxes evidencing a bona fide sale by Merchant to the Cardholder and may not include any consequential charges. Nothing contained herein is intended to restrict Merchant from enforcing the terms and conditions of its preauthorization form through means other than a Card Transaction.

2.09 Returns and Adjustments; Credit Vouchers. Merchant's policy for exchange or return of goods sold and for adjustments for services rendered will be established and posted in accordance with the applicable Card Association's operating regulations. Merchant will disclose to a Cardholder before a Card sale is made, if applicable; (i) that if merchandise is returned, (a) no refund, or less than a full refund, will be given, (b) returned merchandise will only be exchanged for similar merchandise of comparable value, or (c) only a credit toward purchases will be given, and (ii) that special conditions or circumstances apply to the sale (e.g., late delivery, delivery charges, restocking fees, or other non-credit terms). If Merchant does not make these disclosures, a full refund in the form of a credit to the Cardholder's Card account must be given upon the Cardholder's request. The above disclosures must be made on all copies of Sales Drafts or invoices in each case in letters approximately 1/4" (64 mm) high and, with respect to all Sales Drafts and all invoices requiring a signature, in close proximity to the space provided for the Cardholder's signature. Any change in Merchant's return, cancellation or adjustment policies must be submitted in writing to Peoples Trust not less than 14 days prior to the change and approved by Peoples Trust, which approval shall not be unreasonably withheld. Peoples Trust may refuse to process any Sales Draft made subject to a revised return, cancellation or adjustment policy which Peoples Trust had not approved.

2.10 Cash Payments. Merchant may not receive any payment from a Cardholder for charges included in any Transaction nor receive any payment from a Cardholder to prepare and present a Transaction for the purpose of affecting a credit to the Cardholder's Card account.

2.11 Cash Advances; Scrip Purchases. Merchant may not (i) present to Peoples Trust for collection any Transaction for the purpose of obtaining or providing a cash advance either on Merchant's Card or the Card of any other party and (ii) accept any Card at a Scrip terminal. Violation of either clause of this Section is grounds for Peoples Trust's immediate termination of the Merchant Agreement.

2.12 Duplicate Transactions. Merchant may not present to Peoples Trust for collection duplicate Transactions. Peoples Trust may debit Merchant for any duplicate Transaction adjustments and Merchant is liable for any Chargebacks resulting therefrom.

2.13 Presentment of Fraudulent Transactions. Merchant may not accept or present to Peoples Trust for collection any fraudulent Transaction and may not under any circumstances present for processing or credit, directly or indirectly, Transactions originated with any other merchant or any other source. Merchant may accept only Transactions arising from bona fide purchases from Merchant for the goods and services for which Merchant has been approved under the Merchant Agreement. If Merchant presents to Peoples Trust for collection any prohibited Transaction, Peoples Trust may: (a) immediately terminate the Merchant Agreement; (b) withhold funds and establish a Reserve Account as provided herein; and (c) report Merchant to MATCH (as defined in Section 2.16) file, and any Interac equivalent. Merchant's employees' actions are chargeable to Merchant under the Merchant Agreement.

2.14 Collection of Pre-existing Debt. Merchant may not prepare and present to Peoples Trust for collection any Transaction representing the refinancing of an existing Cardholder obligation including, but not limited to, obligations: (a) previously owed to Merchant; (b) arising from the dishonor of a Cardholder's personal cheque or relating to a Chargeback; or (c) representing the collection of any other pre-existing indebtedness, including collection of delinquent accounts on behalf of third parties.

2.15 Data Security Personal/Cardholder Information. Merchant may not, as a condition of sale, impose a requirement on Cardholders to provide any personal information as a condition for honoring Cards unless such information is required to provide delivery of goods or services or Merchant has reason to believe the identity of the person presenting the Card may be different than that of the Cardholder. Merchant will not, under any circumstances, release, sell or otherwise disclose any Cardholder Information to any person other than Peoples Trust or the applicable Card Association, except as expressly authorized in writing by the Cardholder, or as required by law.

A) Safeguards. Merchant will maintain appropriate administrative, technical and physical safeguards for all Cardholder Information. These safeguards will (a) insure the confidentiality of Cardholder Information; (b) protect against any anticipated threats or hazards to the security or integrity of Cardholder Information; (c) protect against unauthorized access to or use of Cardholder Information that could result in substantial harm or inconvenience to any Cardholder; and (d) properly dispose of all Cardholder Information to ensure no unauthorized access to Cardholder Information. Merchant will maintain all such safeguards applicable to Merchant in accordance with Data Privacy Requirements and applicable Laws.

B) Compliance with Data Privacy Requirements and Card Association Data Security Rules. Merchant represents, warrants and covenants that it is and will remain throughout the term of the Merchant Agreement in compliance with obligations pertaining to the collection, use, disclosure, retention of Cardholder Information including, data security, data integrity and the safeguarding of such information as set out in the Data Privacy Requirements in effect and as may be amended, supplemented or replaced. Merchant further represents, warrants and covenants that it has obtained all required consents from Cardholders in respect of their personal information to be accessed, collected, used or transferred by Paysafe in providing the services under this Merchant Agreement; and it has read, understood and hereby accepts Paysafe' s privacy policy on behalf of itself and the Cardholders at: https://www.paysafe.com/ca-en/paysafegroup/privacy-policy/. In addition, to the extent that Merchant has been introduced to Paysafe and entered into this Merchant Agreement through a referral partner of Paysafe or a software platform provider integrated to Paysafe (collectively referred to as the "Platform Partner"), Merchant acknowledges and agrees that Paysafe may share transaction information with the Platform Partner on a need to know basis. Merchant will maintain appropriate administrative, technical and physical safeguards for all Cardholder Information. These safeguards will (a) insure the confidentiality of Cardholder Information; (b) protect against any anticipated threats or hazards to the security or integrity of Cardholder Information; (c) protect against unauthorized access to or use of Cardholder Information that could result in substantial harm or inconvenience to any Cardholder; and (d) properly dispose of all Cardholder Information to ensure no unauthorized access to Cardholder Information. Merchant will cause all of its Representatives to comply with the Data Privacy Requirements at all times. Merchant will report any non-compliance immediately to Peoples Trust. To help accomplish the foregoing, Merchant and its Representatives will encrypt, at appropriate standards required by the Data Privacy Requirements, all debit, credit or stored value card numbers whether in storage, transport or backup and will not store data security codes on its systems, network or software.

C) Annual Certification. Merchant will provide, if requested by Peoples Trust, annual certification to Peoples Trust (in a form acceptable to Peoples Trust) certifying its and its Representatives compliance with the Data Privacy Requirements and other data security provisions of the Merchant Agreement.

D) Information Use Limitations. Merchant may not sell, disclose, or otherwise make Cardholder Information available, in whole or in part, in a manner not provided for in the Merchant Agreement, without Peoples Trust's prior written consent. Merchant may, however, transfer Cardholder Information to its Representatives who have a need to know such information to enable Peoples Trust to provide the services described in the Merchant Agreement provided that such individuals or entities have agreed in writing to be bound by the confidentiality obligations and data security provisions herein, including compliance with Data Privacy Requirements and other applicable Laws.

E) Response to Unauthorized Access. Merchant will immediately notify Peoples Trust of its knowledge or suspicion of any breach in security resulting in unauthorized access to Cardholder Information. Merchant will, provide any assistance that Peoples Trust, the issuing bank of any Cardholder, and their regulators and the Card Associations deem necessary to contain and control the incident to prevent further unauthorized access to or use of Cardholder Information. Such assistance may include, but not be limited to, preserving records and other evidence, compiling information to enable Peoples Trust and the issuing bank or the Card Associations to investigate the incident and providing assistance and cooperation to facilitate the ability of the issuing bank to: (a) file suspicious activity reports (as applicable); (b) notify their regulators (as applicable); and (c) notify the affected Cardholder (as required). Unless the unauthorized access was due to Peoples Trust's acts or omissions, Merchant will bear all costs associated therewith, including but not limited to the cost of notifying the affected Cardholder(s).

F) Access Requests and Complaints. Merchant will cooperate with Peoples Trust in any request for access to Cardholder Information by an individual and in responding to any complaints or investigations by individuals, Card Associations or regulators or with respect to Cardholder Information.

G) Miscellaneous. Merchant may not make a claim against Peoples Trust or hold Peoples Trust liable for the acts or omissions of others, including but not limited to Merchants, Representatives, Card Associations, and financial institutions. These provisions supplement, augment and are in addition to obligations of indemnification, audit, confidentiality and other similar provisions contained in the Merchant Agreement. This Section and each of its subsections will survive the Merchant Agreement's termination. Merchant may not store in any system or in any manner Card read data, including without limitation CVV2/CVC2 data, PIN data, address verification data or any other information prohibited by Card Association Rules and/or Data Privacy Requirements.

H) Survival. Merchant obligations pertaining to Data Privacy Requirements and Cardholder Information contained in the Merchant Agreement will survive indefinitely beyond termination of the Merchant Agreement.

2.16 Compliance with Card Association Rules. Merchant will comply with and conduct its Card activities in accordance with all applicable Card Association Rules and regulations, including the Visa International Operating Regulations and the MasterCard Rules, as such rules and regulations may be amended from time to time whether or not Merchant has been informed of any such amendment. Failure to comply with such rules and regulations may result in Merchant being terminated for cause and listed on various Card Association and industry databases, including the Terminated Merchant File and the Merchant Alert to Control High Risk Merchants file maintained by MasterCard and Visa (collectively as "MATCH") and any Interac equivalent. With respect to MasterCard, Visa and Interac, Merchant may not: (a) accept Cardholder payments, cash or otherwise, for previous Card charges incurred at the Merchant location; (b) establish a minimum or minimum transaction amount as a condition for honoring a Card; (c) require a Cardholder to complete a postcard or similar device that includes the Cardholder's account number, card expiration date, signature, or any other card account data in plain view when mailed; (d) add any surcharge to Transactions; (e) add any tax to Transactions, unless applicable Law expressly requires that Merchant impose such tax (and, in such cases, such tax must be included in the transaction amount and not collected separately); (f) deposit or submit to Peoples Trust any Sales Draft or Credit Voucher for a Transaction that was previously charged back to Peoples Trust and subsequently returned to Merchant, irrespective of Cardholder approval (Merchant may pursue payment from the Cardholder outside the Card Association system); (g) request or use an account number of any purpose other than as payment for its goods or services; (h) disburse funds in the form of travelers cheques, if the sole purpose is to allow the Cardholder to make a cash purchase of goods or services from Merchant; (i) disburse funds in the form of cash, unless: (i) Merchant is a lodging or cruise line merchant disbursing cash to a Cardholder. (ii) Merchant is dispensing funds in the form of travelers cheques or foreign currency, or (iii) Merchant is participating in a Card Association cash back service; (j) accept a Card for the purchase of Scrip; (k) accept a Card for manual cash disbursement; (l) accept a Card to collect or refinance existing debt; or (m) enter into a Transaction that represents collection of a dishonored cheque. Merchant will pay all Card Association fines, fees, penalties and all other assessments or indebtedness levied by Card Associations to Peoples Trust which are attributable, at Peoples Trust's discretion, to Merchant's Transaction processing or business.

2.17 Merchant's Business. Peoples Trust, not Paysafe, must hold, administer, and control all settlement funds for the Merchant and reserve funds derived from settlement. Paysafe is not permitted to directly access or hold merchant funds whether from settlement or reserves. Merchant will notify Peoples Trust immediately if it intends to, and prior to taking of any steps to (a) transfer or sell a substantial part of its assets, or liquidate; (b) change the basic nature of its business, including selling any products or services not related to its current business; (c) change ownership or transfer control of its business; (d) enter into any joint venture, partnership or similar business arrangement whereby any person or entity not a party to the Merchant Agreement assumes any interest in Merchant's business; (e) alter in any way Merchant's approved monthly volume, average ticket, or maximum ticket; (f) changes its return policies or fulfillment house from those identified in the Merchant Application; (g) any substantial change in the volume of Transactions in respect of domestic versus foreign purchases; or (h) adds any outlet operations to its business in respect of the same products and/or services being offered by Merchant. Merchant will immediately notify Peoples Trust in writing if it becomes subject to any voluntary or involuntary bankruptcy or insolvency petition or proceeding. Merchant's failure to provide notice as required above may be deemed a material breach and will be sufficient grounds for termination of Merchant and for Peoples Trust's exercise of all its rights and remedies provided by the Merchant Agreement. If any change listed above occurs, Peoples Trust may immediately terminate the Merchant Agreement. Merchant further acknowledges and agrees that Peoples Trust may withhold funds (settlement or otherwise) or temporarily suspend processing under the Merchant Agreement if Peoples Trust, in its sole discretion, determines that such withholding or suspension is required to protect Peoples Trust from potential losses or if there exist material variances from the disclosures on the Merchant application in (i) the nature of Merchant's business, (ii) the type of or composition of Card processing conducted, or (iii) the actual average ticket size or actual monthly volume amount. If (A) such variances exist, (B) Merchant does not swipe or dip credit card or debit card through POS terminals, (C) Merchant does not receive authorization for Transactions, (D) Peoples Trust receives excessive Retrieval requests against Merchant's prior activity, or (E) excessive Chargebacks are debited against Merchant's prior activity, then Peoples Trust may delay or withhold settlement of funds for a period not less than 180 days or until Peoples Trust is reasonably certain fraud or other activity detrimental to Peoples Trust has not occurred. Peoples Trust's right to withhold settlement funds as set forth herein survives termination of the Merchant Agreement. Merchant must immediately contact Peoples Trust if material variances from the average ticket size or monthly volume occur. For purposes hereof, Peoples Trust's determination of materiality shall be binding upon Merchant.

2.16 Compliance with Card Association Rules. Merchant will comply with and conduct its Card activities in accordance with all applicable Card Association Rules and regulations, including the Visa International Operating Regulations and the MasterCard Rules, as such rules and regulations may be amended from time to time whether or not Merchant has been informed of any such amendment. Failure to comply with such rules and regulations may result in Merchant being terminated for cause and listed on various Card Association and industry databases, including the Terminated Merchant File and the Merchant Alert to Control High Risk Merchants file maintained by MasterCard and Visa (collectively as "MATCH") and any Interac equivalent. With respect to MasterCard, Visa and Interac, Merchant may not: (a) accept Cardholder payments, cash or otherwise, for previous Card charges incurred at the Merchant location; (b) establish a minimum or minimum transaction amount as a condition for honoring a Card; (c) require a Cardholder to complete a postcard or similar device that includes the Cardholder's account number, card expiration date, signature, or any other card account data in plain view when mailed; (d) add any surcharge to Transactions; (e) add any tax to Transactions, unless applicable Law expressly requires that Merchant impose such tax (and, in such cases, such tax must be included in the transaction amount and not collected separately); (f) deposit or submit to Peoples Trust any Sales Draft or Credit Voucher for a Transaction that was previously charged back to Peoples Trust and subsequently returned to Merchant, irrespective of Cardholder approval (Merchant may pursue payment from the Cardholder outside the Card Association system); (g) request or use an account number of any purpose other than as payment for its goods or services; (h) disburse funds in the form of travelers cheques, if the sole purpose is to allow the Cardholder to make a cash purchase of goods or services from Merchant; (i) disburse funds in the form of cash, unless: (i) Merchant is a lodging or cruise line merchant disbursing cash to a Cardholder. (ii) Merchant is dispensing funds in the form of travelers cheques or foreign currency, or (iii) Merchant is participating in a Card Association cash back service; (j) accept a Card for the purchase of Scrip; (k) accept a Card for manual cash disbursement; (l) accept a Card to collect or refinance existing debt; or (m) enter into a Transaction that represents collection of a dishonored cheque. Merchant will pay all Card Association fines, fees, penalties and all other assessments or indebtedness levied by Card Associations to Peoples Trust which are attributable, at Peoples Trust's discretion, to Merchant's Transaction processing or business.

2.17 Merchant's Business. Peoples Trust, not Paysafe, must hold, administer, and control all settlement funds for the Merchant and reserve funds derived from settlement. Paysafe is not permitted to directly access or hold merchant funds whether from settlement or reserves. Merchant will notify Peoples Trust immediately if it intends to, and prior to taking of any steps to (a) transfer or sell a substantial part of its assets, or liquidate; (b) change the basic nature of its business, including selling any products or services not related to its current business; (c) change ownership or transfer control of its business; (d) enter into any joint venture, partnership or similar business arrangement whereby any person or entity not a party to the Merchant Agreement assumes any interest in Merchant's business; (e) alter in any way Merchant's approved monthly volume, average ticket, or maximum ticket; (f) changes its return policies or fulfillment house from those identified in the Merchant Application; (g) any substantial change in the volume of Transactions in respect of domestic versus foreign purchases; or (h) adds any outlet operations to its business in respect of the same products and/or services being offered by Merchant. Merchant will immediately notify Peoples Trust in writing if it becomes subject to any voluntary or involuntary bankruptcy or insolvency petition or proceeding. Merchant's failure to provide notice as required above may be deemed a material breach and will be sufficient grounds for termination of Merchant and for Peoples Trust's exercise of all its rights and remedies provided by the Merchant Agreement. If any change listed above occurs, Peoples Trust may immediately terminate the Merchant Agreement. Merchant further acknowledges and agrees that Peoples Trust may withhold funds (settlement or otherwise) or temporarily suspend processing under the Merchant Agreement if Peoples Trust, in its sole discretion, determines that such withholding or suspension is required to protect Peoples Trust from potential losses or if there exist material variances from the disclosures on the Merchant application in (i) the nature of Merchant's business, (ii) the type of or composition of Card processing conducted, or (iii) the actual average ticket size or actual monthly volume amount. If (A) such variances exist, (B) Merchant does not swipe or dip credit card or debit card through POS terminals, (C) Merchant does not receive authorization for Transactions, (D) Peoples Trust receives excessive Retrieval requests against Merchant's prior activity, or (E) excessive Chargebacks are debited against Merchant's prior activity, then Peoples Trust may delay or withhold settlement of funds for a period not less than 180 days or until Peoples Trust is reasonably certain fraud or other activity detrimental to Peoples Trust has not occurred. Peoples Trust's right to withhold settlement funds as set forth herein survives termination of the Merchant Agreement. Merchant must immediately contact Peoples Trust if material variances from the average ticket size or monthly volume occur. For purposes hereof, Peoples Trust's determination of materiality shall be binding upon Merchant.

2.18 Merchant' Warranties. Merchant represents, warrants and covenants that (a) all information contained in the Merchant Application or any other documents delivered to Peoples Trust in connection therewith is true and complete and properly reflects Merchant's business, financial condition and principal partners, owners and officers; (b) Merchant has power to execute, deliver and perform the Merchant Agreement, and the Merchant Agreement is duly authorized, and will not violate any provisions of law, or conflict with any other agreement to which Merchant is subject; (c) Merchant holds all licenses, if any, required to conduct its business and is qualified to do business in every jurisdiction where it is required to do so; (d) there is no action, suit or proceeding at law or in equity now pending or, to Merchant's knowledge, threatened by or against or affecting Merchant which would substantially impair its right or ability to carry on its business as now conducted or adversely affect its financial condition or operations or the entering into of the Merchant Agreement; during the term of the Merchant Agreement, (e) each Sales Draft presented to Peoples Trust for collection will be genuine and will not be the result of any fraudulent or prohibited Transaction or will not be presented on behalf of any business other than Merchant as authorized by the Merchant Agreement; (f) each Sales Draft will be the result of a bona fide Card Transaction for the purchase of goods or services from Merchant by the Cardholder in the total amount stated on the Sales Draft; (g) Merchant has performed or will perform all of its obligations to the applicable Cardholder in connection with each Card Transaction; (h) Merchant has complied (and will comply) with Peoples Trust's procedures for accepting Cards, and each Card Transaction itself will not involve any element of credit for any purpose other than as set forth in the Merchant Agreement, and will not be subject to any defense, dispute, offset or counterclaim which may be raised by any Cardholder under the Card Associations' Rules, under any applicable consumer protection legislation or any other relevant provincial or federal statutes or regulations; and (i) any Credit Voucher which it issues and will issue, will represent a bona fide refund or adjustment on a Card sale by Merchant with respect to which a Sales Draft has been accepted by Peoples Trust.

3. PRESENTMENT, PAYMENT, CHARGEBACK

3.01 Acceptance. Peoples Trust (but not Paysafe) will accept from Merchant all Sales Drafts presented under the terms of the Merchant Agreement and will present the same to the appropriate Card Issuers for collection against Cardholder accounts. Merchant must transmit Sales Drafts and Credit Vouchers to Peoples Trust or its processing vendor on the same or next business day immediately following the day that such Sales Drafts and Credit Vouchers have been originated and via electronic data transmission in accordance with Peoples Trust's formats and procedures. All presentment and assignment of Sales Drafts, collection therefor and reassignment or rejection of such Sales Drafts are subject to the terms of the Merchant Agreement and regulations of the Card Association. Peoples Trust (but not Paysafe) will only provisionally credit the value of collected Sales Drafts to Merchant's Account and reserves the right to adjust amounts collected to reflect the value of Chargebacks (actual and anticipated), fees, penalties, late submission charges, reserve deposits, negative Sales Draft batch presentments and items for which Peoples Trust did not receive final payment.

3.02 Endorsement. By presenting Sales Drafts to Peoples Trust for collection and payment, Merchant agrees to sell and assign all its right, title and interest in each such Sales Draft and constitutes an endorsement by Merchant to Peoples Trust of such Sales Drafts. Peoples Trust may supply such endorsement on Merchant's behalf.

3.03 Prohibited Payments. Peoples Trust may receive payment of any Sales Draft presented by Merchant unless and until there is a Chargeback. Unless specifically authorized in writing by Peoples Trust, Merchant may not collect or attempt to collect any Sales Draft, including Chargebacks, and will hold in trust for Peoples Trust and promptly deliver in kind to Peoples Trust any payment Merchant receives, in whole or in part, of the amount of any Transaction, together with the Cardholder's name and account number and any correspondence accompanying payment.

3.04 Chargebacks. Merchant will accept for chargeback any sale for which the Cardholder disputes the validity of the sale according to prevailing Card Association regulations, or a Card issuer or Peoples Trust determines that Merchant has in any way failed to comply with Card Association regulations or Peoples Trust's procedures in accepting a Card and presenting the resulting Sales Draft to Peoples Trust for purchase. Merchant shall require Cardholder to sign an imprinted copy of the Sales Draft during the time when the point of sale terminal printer is inoperable. Notwithstanding any other provision herein, Peoples Trust may chargeback the amount of a Card sale disputed by the Cardholder if Merchant failed to obtain the Card Imprint or the Cardholder's signature. Merchant may not initiate a Transaction in an attempt to collect a Chargeback. Merchant will pay the current published fees for each Chargeback as listed on Schedule A.

3.05 Reserve Account. Notwithstanding anything to the contrary in the Merchant Agreement, Peoples Trust may, at its own discretion, establish and Merchant shall upon request by Peoples Trust, be required to fund a reserve account without interest accruing to the Merchant (the "Reserve Account") or may demand other security from the Merchant, including on the happening of any of the following: (a) Merchant engages in any processing that creates an overcharge to a Cardholder by duplicating charges; (b) any activity designed by Merchant to circumvent a "call center" message when attempting to process a transaction; (c) Merchant breaches the Merchant Agreement, violates any representation, covenant or warranty herein, violates any applicable Card Association Rules or applicable Law; (d) Merchant's application is in any way inaccurate or becomes inaccurate subsequent to Peoples Trust's approval of the application; (e) Merchant changes its type of business without Peoples Trust's prior written approval; (f) Merchant engages in fraud, processes an unauthorized charge, or engages in other action that violates Peoples Trust's applicable risk management standards or is likely to cause a loss; (g) the ratio of Chargebacks to Branded Card Transactions completed during any 30 calendar day period exceeds the lesser of one half of one percent (0.5%) or a percentage that violates a then applicable Card Association Rules or the ratio of aggregate dollars charged back to the aggregate Branded Card dollar sales volume during any 30 calendar day period exceeds the lesser of one half of one percent (0.5%) or a percentage that violates a then applicable Card Association Rules; (h) Peoples Trust receives an excessive numbers of requests from consumers or Card Issuer to retrieve documentation; (i) Merchant's financial stability is in question or Merchant ceases doing business; or (j) Merchant terminates the Merchant Agreement. Once the Reserve Account is established, collected funds will be placed in the Reserve Account until the balance is sufficient, in the discretion of Peoples Trust, to address the applicable risk. Further, Peoples Trust may require Merchant to deposit additional amounts into the Reserve Account, from time to time during the term of the Merchant Agreement based upon Merchant's processing history and/or anticipated risk of loss to Peoples Trust. The Reserve Account funds may be commingled with other Peoples Trust funds. If a Reserve Account is established in accordance with this Section 3.05, then the Merchant hereby grants a security interest in respect of the Reserve Account in favor of Peoples Trust in accordance with Section 5.09. Upon termination or expiration of the Merchant Agreement, before releasing funds from the Reserve Account Merchant will pay any equipment cancellation fees and any outstanding challenges, losses or amounts, and Chargebacks for which Merchant has liability and has provided indemnification under the Merchant Agreement. Once established, unless Peoples Trust determines otherwise at its sole discretion, the Reserve Account will remain in place for 180 days and a reasonable period thereafter during which Cardholder disputes may remain valid under applicable Card Association Rules following termination or expiration of the Merchant Agreement. The provisions of the Merchant Agreement relating to account debits and credits apply to the Reserve Account and survive the Merchant Agreement's termination until Peoples Trust, in its discretion, terminates the Reserve Account. Any balance remaining after Chargeback rights have expired and all of Peoples Trust's other expenses, losses and damages have been paid will be disbursed to Merchant.

4. TERM, TERMINATION, EFFECT OF TERMINATION AND EXCLUSIVITY

4.01 Term. Subject to Section 4.02, the Merchant Agreement will be effective once Peoples Trust accepts it and, unless otherwise terminated, will continue for (3) three years with automatic six-month renewals thereafter until Merchant provides written notice of non-renewal given not less than 30 days before the end of the then current term.

4.02 Termination.

A) Without Cause. Peoples Trust may terminate the Merchant Agreement, without cause, upon 30 days' advance written notice to Merchant.

B) For Cause. Peoples Trust may terminate the Merchant Agreement in its sole discretion, effective immediately, upon written or verbal notice, or by closing Merchant's point-of-sale terminal, if Peoples Trust reasonably determines either that any of the conditions enumerated as a reason for the establishment of a Reserve Account exist or that any of the following conditions exist; (i) Merchant has violated any provision of the Merchant Agreement; (ii) there is a material adverse change in Merchant's business, operations, financial condition, assets or prospects; (iii) any case or proceeding is commenced by or against Merchant under any federal or provincial or other law related to insolvency, bankruptcy, receivership or other debt relief; (iv) any information which Merchant provided to Peoples Trust, including Application information, was false, incomplete or misleading when received; (v) any information which Merchant provided to Peoples Trust, including Application information, has thereafter become false, incomplete or misleading; (vi) an overdraft in the Account exists for more than three (3) days; (vii) Peoples Trust believes that Merchant or any of Merchant's officers or employees has been involved in processing Transactions arising from fraudulent, criminal, suspicious or otherwise unauthorized Transactions; (viii) Merchant is or will be unable or unwilling to perform its obligations under the Merchant Agreement or applicable Law; (ix) Merchant has failed to timely pay Peoples Trust any amount due; (x) Merchant has failed to promptly perform or discharge any obligation under the Account or the Reserve Account; (xi) any of Merchant's representations or warranties made in connection with the Merchant Agreement was not true or accurate when given or has thereafter become untrue; (xii) Merchant has defaulted on any agreement it has with Peoples Trust; (xiii) Peoples Trust is served with legal process seeking to attach or garnish any of Merchant's funds or property in Peoples Trust's possession, and Merchant does not satisfy or appeal the legal process within fifteen (15) days of such service; (xiv) any Card Association Rules are violated, amended in any way so that the continued existence of the Merchant Agreement would cause Peoples Trust to be in breach of those rules or any Card Association no longer permits Merchant to participate in its Card program; (xv) any guaranty supporting Merchant's obligations is revoked, withdrawn, terminated or altered in any way; (xvi) any circumstances arise regarding Merchant or its business that create harm or loss of goodwill to any Card Association; (xvii) termination is necessary to prevent loss to Peoples Trust or Card Issuers; (xviii) Merchant's type of business indicated on the Application or as conducted by Merchant could endanger Peoples Trust's safety or soundness; (xix) Merchant's owner, officer, guarantor, or corporate entity has a separate relationship with Peoples Trust and that relationship is terminated, (xx) Merchant appears on any Card Association's security reporting; (xxi) Peoples Trust's security for repayment becomes impaired; (xxii) an event of default under any other indebtedness of Merchant shall have occurred the effect of which is to permit the holder thereof to accelerate the due date of all or part of such indebtedness; or (xxiii) one or more judgments shall have been entered against Merchant which judgment or judgments shall have remained unsatisfied for a period of 45 days from entry thereof. Merchant shall notify Peoples Trust in writing immediately upon becoming aware of the occurrence of an Event of Default, or an event which with the passage of time or the giving of notice, or both, would constitute an Event of Default.

C) Additional Termination Rights. Merchant may terminate this Merchant Agreement in accordance with Clauses 5.07 (C) and (D).

4.03 Effect of Bankruptcy. Any account or security held by Peoples Trust will not be subject to any preference, claim or stay by reason of bankruptcy or similar law. The parties expressly agree that the acquisition of Card Transactions hereunder is a financial accommodation and if Merchant becomes a debtor in any bankruptcy or similar proceeding, the Merchant Agreement may not be assumed or enforced by any other person and Peoples Trust will be excused from performance hereunder.

4.04 Effect of Termination. When termination becomes effective, the parties' rights and obligations existing under the Merchant Agreement survive. If the Merchant Agreement is terminated, regardless of cause, Peoples Trust may withhold and discontinue the disbursement for all Transactions in the process of being collected and deposited and Peoples Trust may, without notice to Merchant, refuse to accept or revoke acceptance any Sales Draft or Credit Voucher or the electronic transmission thereof, if applicable, received by Peoples Trust on or any time after the occurrence of any Event of Default. If Merchant is terminated for cause, Merchant acknowledges that Peoples Trust may be required to report Merchant's business name and the names and other identification of its principals to the MATCH file maintained by Visa and MasterCard and any Interac equivalent. Merchant expressly agrees and consents to such reporting if Merchant is terminated for any reason requiring or permitting listing on the MATCH file and Interac report. Merchant waives and will hold harmless Peoples Trust from any claims that Merchant may raise as a result of Peoples Trust's MATCH file and Interac reporting. If Merchant is terminated for cause, Peoples Trust may, without prior notice to Merchant, debit Merchant's Account and Reserve Account in an amount equal to the amount then owed to Peoples Trust, increase the fees payable by Merchant hereunder, require Merchant to deposit, as cash collateral, such amount as Peoples Trust may require to secure Merchant's obligations hereunder, and report to one or more credit reporting agencies any outstanding indebtedness of Merchant (or any guarantor of merchant's obligations under the Merchant Agreement). Merchant will immediately cease requesting Authorizations. If Merchant obtains any Authorization after termination, the fact that any Authorization was requested or obtained will not reinstate the Merchant Agreement. Further, immediately upon termination Merchant will return all Peoples Trust property, forms, or equipment. All obligations for Transactions prior to and after termination (including payment for Chargebacks and Peoples Trust's expenses relating to Chargebacks) survive termination. Peoples Trust is not liable to Merchant for damages (including prospective sales or profits) due to termination. Following termination, Merchant will upon request, provide Peoples Trust with all original and electronic copies of Sales Drafts and Credit Vouchers that have been retained by Merchant as of the date of termination. Upon termination, any amounts due to Peoples Trust will accelerate and be immediately due and payable, without any notice, declaration or other act whatsoever by Peoples Trust. The parties agree that if the Merchant Agreement is terminated before completion of the initial term or any renewal term of the Merchant Agreement for any reason other than a material uncured breach by Peoples Trust, Merchant will pay Peoples Trust damages equal to the greater of (a) $350 per Merchant outlet or location or (b) if the Merchant Agreement is terminated during the first six months of the initial term, then the processing fees Peoples Trust would have received during such term based upon Merchant's volume representations set forth on Schedule A or, if the Merchant Agreement is terminated thereafter, the amount equal to the product of the aggregate number of months remaining in the then current term of the Merchant Agreement and any renewal term to which the parties have committed multiplied by the average monthly processing fees earned hereunder plus, with respect to both clauses (a) and (b), Peoples Trust's costs and legal fees incurred in connection with collecting such damages. Merchant agrees that these damages are not a penalty but are a reasonable computation of the financial harm caused by the termination of the Merchant Agreement. Peoples Trust's rights of termination are non-cumulative.

4.05 Exclusivity. During the term of the Merchant Agreement Peoples Trust shall be the exclusive provider of the services offered hereunder for Merchant and for all of Merchant's affiliates and divisions. Such exclusivity extends to all product and business lines of Merchant and its affiliates and divisions and Merchant will not, and will cause its affiliates and divisions not to, retain or otherwise allow any other person or entity to provide such services or perform any such services for itself.

5. MISCELLANEOUS

5.01 Monitoring. Merchant acknowledges that Peoples Trust may monitor Merchant's daily presentment activity. Peoples Trust may upon reasonable grounds suspend disbursement of Merchant's funds for any reasonable period of time required to investigate suspicious or unusual presentment activity. Peoples Trust will make good faith efforts to notify Merchant promptly following suspension. Peoples Trust is not liable to Merchant for any loss, either direct or indirect, attributable to any suspension of funds disbursement. In order to maintain quality service, telephone communications with Merchant may be monitored and recorded without further notice or disclosure.

5.02 Forms. Merchant will use only the forms or modes of transmission of Sales Drafts and Credit Vouchers that are provided or approved in advance by Peoples Trust, and Merchant may not use such forms other than in connection with Card Transactions.

5.03 Indemnification. Merchant will defend, indemnify and hold Peoples Trust and its officers, directors, members, shareholders, partners, employees, agents, affiliates, subcontractors and representatives (collectively "the Indemnified Parties") harmless from and against any and all fines, penalties, claims, damages, expenses, liabilities or fees of any nature whatsoever, including legal fees and costs ("Damages"), asserted against or incurred by any of the Indemnified Parties arising out of, relating to or resulting from, either directly or indirectly; (a) a breach of the security of any system safeguarding Cardholder Information resulting in unauthorized access to Cardholder Information; (b) a breach of any representation, warranty or term of the Merchant Agreement, including, but not limited to, the Data Privacy Requirements herein, by Merchant, or by any of Merchant's Representatives; (c) the negligence, gross negligence or willful misconduct of Merchant or any of its Representatives in the performance of their obligations under the Merchant Agreement, including, but not limited to, the data security provisions; (d) any violation of applicable Law and Card Association Rules by Merchant or any of its Representatives; (e) matters for which Merchant provides indemnification pursuant to the terms hereof; and (f) all third party claims arising from the foregoing or asserted against any of the Indemnified Parties as a result of the parties' entry into the Merchant Agreement. Notwithstanding the preceding, Merchant is not liable to an Indemnified Party if Damages are caused by, related to or arise out of that Indemnified Party's gross negligence or willful misconduct, or that Indemnified Party's material breach of the Merchant Agreement. Merchant will promptly reimburse the Indemnified Parties for any assessments, fines, fees or penalties imposed by the Card Association in connection with the Merchant Agreement, including the data security provisions, and authorizes Peoples Trust to deduct any such sums from amounts to be cleared and settled with Merchant.

5.04 Records. In addition to any records Merchant routinely furnishes to Peoples Trust under the Merchant Agreement, Merchant will preserve a copy of actual paper Sales Drafts and Credit Vouchers and any written Authorization of the Cardholder for at least two years after the date Merchant presents the Transaction to Peoples Trust.

5.05 Requests for Copies. Within two business days following Merchant's receipt of a request by Peoples Trust, Merchant will provide to Peoples Trust either the original or a legible copy (in a size comparable to the actual Sales Draft) of the paper Sales Draft and any other documentary evidence available to Merchant that Peoples Trust reasonably requests to meet Peoples Trust's obligations under applicable Laws or otherwise to respond to questions concerning Cardholder accounts.

5.06 Compliance with Law; Taxes. Merchant will comply with all applicable Laws to Merchant, Merchant's business and any Card Transaction. Merchant shall be liable for all taxes, except Peoples Trust's income taxes, required to be paid or collected as a result of the Merchant Agreement.

5.07 Fees and Charges.

A) Merchant will pay to Peoples Trust the fees and charges set forth on Schedule A. Peoples Trust may adjust all charges set forth on Schedule A to reflect changes in, or additions to, (i) Association fees (including but limited to interchange, assessments, and all other Association fees, costs or charges) or (ii) pricing of third party vendor goods or services used in connection with the provision of services hereunder. All such adjustments will be effective as of the date such changes or additions are imposed on Peoples Trust. Amounts due from Merchant hereunder, including but not limited to all fees, charges, amounts required, in Peoples Trust's sole discretion, to fund the Reserve Account and adjustments incurred by Merchant will be debited through EFT from Merchant's Account or withheld from daily payments to Merchant. The fees and charges herein are based upon Merchant's representations regarding annual anticipated Transaction volume, amount and type, all as set forth on Schedule A. To the extent that any such representations are not as anticipated, Peoples Trust may upon written notice to Merchant, adjust the fees and charges hereunder to fees and charges appropriate for the actual, as opposed to anticipated, Transaction volume, amount and type. Peoples Trust may add fees for additional services utilized by Merchant upon 90 days' written notice to Merchant.

B) With respect to a Merchant who is not paying a Discount Fee of "Interchange Plus", the Qualification Rates set forth on Schedule A are based on the assumption that each Transaction is a Qualifying Transaction. If any Transaction is a Mid or Non-Qualifying Transaction, then Merchant will be charged the Mid or Non-Qualifying Fees (as applicable and as set forth on Schedule A). Non-Qualifying fees are in addition to the increased Association interchange rates and the other fees set out in Schedule A, which will also be charged to the Merchant. Information concerning Visa and MasterCard interchange rates is available respectively, at www.visa.com, and www.mastercard.com.

C) Paysafe may increase the fees in Schedule A or introduce a new fee, upon providing ninety (90) days' prior written notice to Merchant. Merchant may terminate the Merchant Agreement without any early termination fee or other penalty within ninety (90) days of receiving such notice from Paysafe.

D) Where Merchant receives a notice from Paysafe regarding a reduction in interchange fees applicable to it, and Paysafe does not pass through the full savings from such reduction to Merchant, Merchant may terminate the Merchant Agreement without any early termination fee or other penalty within ninety (90) days of receiving the notice of such reduction.

5.08 Merchant Statement. Bank shall make available a Merchant Statement or similar information on no less than a monthly basis. All information appearing on the Merchant Statement shall be deemed accurate and affirmed by Merchant unless Merchant objects by written notice specifying the particular item in dispute within 30 days of the date of the Merchant Statement. Delivery of the Merchant Statement may be in written or electronic form.

5.09 Security Interest. To secure payment of Merchant's obligations under the Merchant Agreement, Merchant grants to Peoples Trust a security interest in all now existing or hereafter acquired: (a) Transactions, Sales Drafts, Credit Vouchers and other items submitted to Peoples Trust for processing by or for Merchant; (b) accounts receivable and payment rights relating to or arising from the Merchant Agreement, including all amounts due to Merchant (including any rights to receive credits or payments hereunder); (c) Accounts maintained with Peoples Trust including the Reserve Account, in the name of or for the benefit of, Merchant under the Merchant Agreement; (d) deposits, regardless of source, to Merchant's Account with Peoples Trust or Reserve Account; (e) all deposits and all other property and funds presented by Merchant to Peoples Trust or withheld by Peoples Trust, including funds and property withheld as the result of security monitoring; and (f) proceeds of the foregoing. If Peoples Trust reasonably determines that Merchant has breached any obligation under the Merchant Agreement, or that proceeds of Merchant's future Card sales are unlikely to cover anticipated Chargebacks, credits, fees and adjustments, as reasonably determined by Peoples Trust (whether because the Merchant Agreement has been terminated or for any other reason), Peoples Trust may setoff or otherwise exercise its security interest without notice or demand by immediately withdrawing from or freezing any account or otherwise exercising its rights under the Merchant Agreement or those rights available under and subject to, applicable Laws, or in equity. In addition to the collateral pledged above, Peoples Trust may require Merchant to furnish such other and different security as Peoples Trust deems appropriate in its sole discretion to secure Merchant's obligations under the Merchant Agreement. Peoples Trust may fully or partially prohibit withdrawal by Merchant of funds from Merchant's Accounts maintained with Peoples Trust, pending Peoples Trust's determination from time to time to exercise its rights as a secured party against the Accounts in partial or full payment of Merchant's obligations to Peoples Trust. Merchant agrees that Peoples Trust may file such financing statements and any other documents as may be required for Peoples Trust to perfect its security interest, and Merchant will execute any other documents as may be requested by Peoples Trust and take such actions as Peoples Trust may require in connection with the security interest, at Merchant's cost. Merchant represents and warrants that no other party has a security interest or lien in any of the collateral pledged above, and Merchant will obtain Peoples Trust's written consent before it grants a lien or security interest in that pledged collateral to any other person. To the extent applicable, in the case of any voluntary or involuntary bankruptcy or insolvency petition or proceeding, Merchant acknowledges and agrees that notwithstanding anything contained in this Merchant Agreement, the Reserve Account is separate and apart from the Merchant's insolvency estate and Peoples Trust has a first priority thereon.

5.10 Modifications to Merchant Agreement. The Merchant Agreement is subject to amendment required to conform with Card Association regulations, as amended from time to time, and Merchant expressly acknowledges that any election by Peoples Trust regarding means to comply with either Card Association Rules or applicable Law or regulation will not diminish or otherwise impact any of Peoples Trust's rights hereunder. From time to time Peoples Trust may amend any provision or provisions of the Merchant Agreement, including, without limitation, those relating to the discount rate or to other fees and charges payable by Merchant by emailing written notice to Merchant of the amendment at least 30 days (90 days in the case of discount rate and/or other fees and charges) prior to the effective date of the amendment, and the amendment will become effective unless Peoples Trust receives Merchant's written notice of termination of the Merchant Agreement before such effective date. Amendments required due to changes in either Card Association's rules and regulations or any law or judicial decision may become effective on such shorter period of time as Peoples Trust may specify if necessary to comply with the applicable rule, regulation, Law or decision. If there is any conflict between a part of the Merchant Agreement and any present or future Association Regulation or applicable Law or regulation, only the part of the Merchant Agreement that is affected shall be modified and that modification shall be limited to the minimum necessary to bring the Merchant Agreement within the requirements of the Association Regulation, law or regulation.

5.11 Warranty Disclaimer. PEOPLES TRUST MAKES NO WARRANTIES REGARDING THE USE, OPERATION OR PERFORMANCE OR NON-PERFORMANCE OF SOFTWARE, SYSTEMS, OR THIRD PARTY PROCESSORS UTILIZED IN CONNECTION WITH THE MERCHANT AGREEMENT, WHETHER EXPRESS OR IMPLIED, AND PEOPLES TRUST EXPRESSLY DISCLAIMS ALL IMPLIED WARRANTIES, INCLUDING ANY WARRANTY OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE

5.12 Limitation of Liability. Notwithstanding any other provision herein, (i) Peoples Trust's liability with respect to any Card Transaction may not exceed the amount of the Sales Draft in connection with that Transaction less any applicable fees and charges and (ii) Peoples Trust's aggregate liability shall not, under any circumstance, exceed the fees paid to Peoples Trust under Schedule A (net of interchange, assessments and all other Card Association and third party fees imposed on Peoples Trust) during the twelve month period immediately preceding the event upon which such liability is based. Peoples Trust is not liable for any special, incidental, indirect, punitive or consequential damages whatsoever (whether any such claim alleges breach of contract, tort or any other theory of liability. Merchant waives all claims against Peoples Trust for any loss, claim, demand, penalty, action, delay, cost or expense (including reasonable legal fees) of any kind unless Merchant provides written notice to Peoples Trust of the occurrence that gave rise to the alleged liability within 30 days after Merchant knew or should have known of the occurrence. Merchant will indemnify and hold Peoples Trust harmless from any claim relating to or arising out of (i) any Sales Draft or Credit Voucher presented to Peoples Trust as may be made by anyone by way of defense, dispute, offset, counterclaim or affirmative action (including but not limited to disputes concerning the quality, fitness or delivery of merchandise or the performance or quality of services) or (ii) damages or losses that Peoples Trust may incur as a result of (a) Merchant's breach of the Merchant Agreement or (b) presentment by Merchant of acceptance or rejection by Peoples Trust of any Sales Draft or Credit Voucher, provided however that, with respect to clause (b), such indemnification shall not apply in the event of Peoples Trust's gross negligence. Further, Merchant will reimburse Peoples Trust for all expenses and costs, including legal fees, with regard thereto.

5.13 Waiver. Peoples Trust's failure to enforce one or more of the provisions of the Merchant Agreement will not constitute a waiver of the right to enforce the same or other provision in the future.

5.14 Written Notices. All written notices and other written communications required or permitted under the Merchant Agreement must be either personally delivered, sent by prepaid, registered mail or sent by email, charges (if any) prepaid, addressed as follows:

A) If to Peoples Trust:
Peoples Card Services
888 Dunsmuir St., Suite 1400
Vancouver, BC V6C 3K4
Attn: Darren Kozol
email: DarrenK@peoplestrust.com

B) If to Paysafe Merchant Services Inc:
3500 de Maisonneuve Blvd. W, Suite 700
Montréal, Québec, H3Z 3C1
Attn: Legal Department
email: legal.departmentNA@paysafe.com

C) If to Merchant: At the email address or address provided as the billing address and to the contact listed on the Merchant Application.

Any written notice delivered to the party to whom it is addressed will be deemed to have been given and received on the day it is so delivered at that party's address, provided that (i) it is so delivered before 5:00 p.m.; and (ii) if that day is not a business day then the written notice will be deemed to have been given and received on the next business day. Any written notice transmitted by email will be deemed to have been given and received on the day on which it was transmitted (but if the written notice is transmitted on a day which is not a business day (or after 5:00 p.m.), the written notice will be deemed to have been received on the next business day). Any written notice given by registered mail will be deemed to have been received on the fifth business day after which it is so mailed. Merchant acknowledges and agrees that written notice and other written communications required or permitted to be given by Peoples Trust under the Merchant Agreement shall be properly given if contained in the on-line statement provided from time to time to Merchant by Peoples Trust. For purposes of this Section 5.14, references to a time of day shall mean that time of day in the jurisdiction of the receiving party (e.g., "5:00 p.m." shall mean 5:00 p.m. in the jurisdiction of the receiving party) and references to "business day" shall be mean a day other than a Saturday, Sunday or statutory holiday in the jurisdiction of the receiving party.

5.15 Choice of Law; Jurisdiction. The Merchant Agreement is governed by and is to be construed and interpreted in accordance with, the laws of the Province of Ontario and the laws of Canada applicable in that Province. Merchant irrevocably submits and attorns to the exclusive jurisdiction of the courts of the Province of Ontario to determine all issues, whether at law or in equity arising from the Merchant Agreement; waives any objection (including any claim of inconvenient forum that it may now or hereafter have) to the venue of any legal proceeding arising out of or relating to the Merchant Agreement in the courts of that Province, or that the subject matter of the Merchant Agreement may not be enforced in the courts; and irrevocably agrees not to seek, and waives any right to, judicial review by any court which may be called upon to enforce the judgment of the courts referred to in this Section 5.15, of the substantive merits of any such suit, action or proceeding.

5.16 Entire Agreement; Interpretation; Assignability. The Merchant Agreement expresses the entire understanding of the parties with respect to the subject matter hereof and except as provided herein, may be modified only in writing executed by Peoples Trust, Paysafe, and Merchant. The Merchant Agreement may not be assigned by Merchant, directly or by operation of law, without Peoples Trust's and Paysafe's prior written consent. Peoples Trust may assign its rights and obligations under the Merchant Agreement only upon receiving the written consent of Paysafe. The Merchant Agreement will be binding upon and inure to the benefit of the parties' respective heirs, personal representatives, successors and assigns. The Merchant Agreement shall not be construed more strongly against any party, regardless of which party was more responsible for its preparation.

5.17 Deposit Account. Merchant will at all times maintain an Account at a bank that is a member of the Canadian Payments Association EFT system and will provide Peoples Trust with proper authorization to debit the Account. All credits for collected funds and debits for fees, payments and Chargebacks and other amounts for which Merchant is liable under the terms of the Merchant Agreement will be made to the Account. Merchant may not close or change the Account without written notice to Peoples Trust. Merchant will be solely liable for all fees and costs associated with the Account and for all overdrafts and Merchant shall immediately deposit into the Deposit Account an amount sufficient to cover any overdraft and any related service charges or fees. All credits and debits to the Deposit Account made hereunder are subject to review, verification and acceptance by Peoples Trust. In the event of error, Merchant authorizes Peoples Trust to make correcting credits or debits, as the case may be, without notice to Merchant. Merchant hereby grants to Peoples Trust a security interest in the Account to the extent of any and all fees, payments, Chargebacks and other amounts due which may arise under the Merchant Agreement, and Merchant will execute any document and obtain any consents or waivers from the bank at which the Account is maintained as requested by Peoples Trust to protect its security interests therein.

5.18 Credit and Financial Inquiries; Additional Locations; Inspection. Peoples Trust may make, at any time, any credit inquiries which it may consider necessary to accept or review acceptance of the Merchant Agreement or investigate Merchant's ability to perform its obligations hereunder, or its Sales Draft presentment and Card acceptance activities subsequent to acceptance of the Merchant Agreement. Such inquiries may include, but are not limited to, a credit and/or criminal background check of the business including its proprietor, partners, principal owners, shareholders or officers. Upon Peoples Trust's request, Merchant will provide the written consent of any person for which an inquiry has been or is to be made if such person has not executed the Merchant Agreement and will provide any financial statements, income tax and business tax returns and other financial information as Peoples Trust may consider necessary to perform initial or periodic reviews of Merchant's financial stability and business practices. Merchant may accept Cards only at locations approved by Peoples Trust. Additional locations may be added subject to Peoples Trust's approval. Peoples Trust may delete any location by providing notice as provided herein. Merchant will permit Peoples Trust, at any time and from time to time, to inspect locations to confirm that Merchant has or is adhering to the terms of the Merchant Agreement and is maintaining the proper facilities, equipment, inventory, records and license or permit (where necessary) to conduct its business. Peoples Trust, its internal and external auditors, and its regulators may audit compliance with (i) the Merchant Agreement, (ii) all applicable Law (iii) Data Privacy Requirements, (iv) Card Association Rules and regulations and (v) guidance applicable to the services, Card acceptance, Transaction processing, and data security provisions hereof. Merchant will make available its records maintained and produced under the Merchant Agreement, and Merchant's facilities will be made accessible, upon notice during normal business hours for examination and audit. Nothing in this section may be construed to require Merchant to give access to its facilities, personnel or records in a manner that unreasonably interferes with its business operations. Each party will bear its expenses of any audit.

5.19 Marketing of Non-Branded Card Services. From time to time, Paysafe may offer to Merchant certain additional products and services, which may or may not be related to the acceptance or processing of Card Transactions. If such an offer is made, Merchant may decline the offer or, based on acceptance of the offer by Merchant, in accordance with terms provided by Paysafe, and such non–Branded Card organization, be liable for payment associated with its acceptance of such additional products and services.

5.20 Force Majeure. The parties will be released from liability hereunder if they fail to perform any obligation where the failure occurs by reason of any act of God, fire, flood, storm, earthquake, tidal wave, communications failure, sabotage, war, military operation, terrorism, national emergency, mechanical or electronic breakdown, civil commotion, governmental regulation or the order, requisition, request or recommendation of any governmental authority, or either party's compliance therewith, or any other similar cause beyond the non-performing party's reasonable control.

SCHEDULE A-1 - SERVICES

Paysafe will be providing the Services outlined in this Schedule. This Schedule A-1 forms an integral part of the Merchant Agreement and all the terms and conditions within the Merchant Agreement shall apply to all the Services under this Schedule A-1.

1. Definitions. Except as otherwise indicated below, capitalized terms used but not defined herein shall have the meanings ascribed thereto in the Merchant Agreement.

1.1. "Gateway Services" means services enabling transmission of Transaction information provided pursuant to this Agreement. Without limiting the foregoing, Gateway Services will include transmission for authorization and settlement of Transactions, a merchant portal to allow Merchant to access its account activity (including balance, reserve amount, account statements and Transaction detail), to process transactions through a virtual terminal and to manage refunds and Chargebacks, and related technical support and risk management and related functions as may be set out in writing by Paysafe and as Paysafe may amend in its sole discretion from time to time;

1.2. "Integration Services" means the access to integration specialists and detailed API Reference documentation for our REST APIs with information on all endpoints and JSON objects used as well as access to Mobile, JavaScript and Server SDKs for a number of platforms and in several languages to ease the integration process with the Paysafe Card Payments, Hosted Payments, 3D Secure, Direct Debit and Customer Vault APIs;

1.3. "Risk Services": means the customizable risk management tools that are bolted directly into the gateway which may include AVS, CVD, 3DS, blacklist database, transaction velocity management, device ID and fraud management, and other similar services, as agreed between the parties.

1.4. "Services" shall mean the Gateway Services, Integration Services, Risk Services and Support Services (which include integration services); and

1.5. "Support Services" means the Merchant support provided by Paysafe in Schedule A-1.1 attached hereto.

2. Provision of Gateway Services. Paysafe shall provide the Gateway Services under the Merchant Agreement.

2.1.Warranty: Paysafe warrants that the Gateway Services are Level 1 PCI compliant and comply with the set of rules and security standards called the Payment Card Industry Data Security Standard (PCI-DSS or PCI).

3. Provision of Support Services. Paysafe shall provide the Support Services attached hereto as Schedule A-1.1.

4. Fees and Taxes.

4.1. The fees for the Services provided pursuant to this Schedule A-1 (excluding certain customized Risk Services, which may be provided at an additional fee and subject to its own end user agreement) are set out in Schedule A of the Merchant Application.

4.2. Merchant shall be responsible for the payment of any and all applicable sales or other taxes due upon the Transactions or in connection with this Merchant Agreement except for any income tax payable by Paysafe on its general income or revenue.