EXHIBIT 10.5 HYPERCOM CANADA, LTD. Hypercom Canada, Ltd. BCE Place 161 Bay Street, Suite 2700 Toronto, Ontario M5J 2S1 Phone: 416-572-2003 Fax: 416-572-2212 July 26, 2001 Mr. Hal Schultz Security Bancorp Inc. #3 Bldg F. 5508 First Street SE Calgary...Moneyflow Systems International Inc • June 14th, 2002 • Calculating & accounting machines (no electronic computers)
This Letter Agreement covers purchase of the Hypercom products discussed below and subsequent resale to Security Bancorp Inc. end-user customers within Canada. If sales of products purchased hereunder by Security Bancorp Inc. are going to be made to a third party who in turn resells the products to an end-user, then a Reseller Agreement is required instead, and this Agreement would be subject to termination by Hypercom upon notice. A "Reseller" Agreement is used at Hypercom's sole discretion to establish a purchasing relationship between Hypercom and companies who intend to resell Hypercom products to other parties, who in turn resell those Hypercom products.
