0001354488-07-000249 Sample Contracts

EMPLOYMENT AGREEMENT
Employment Agreement • March 2nd, 2007 • Payment Data Systems Inc • Functions related to depository banking, nec • Texas

THIS AGREEMENT, dated as of February 27, 2007, is made and entered into by and between Payment Data Systems, Inc., a Nevada corporation, having an office address at 12500 San Pedro, Suite 120, San Antonio, Texas 78216 ("Payment Data" or the "Company") and the individual named in Schedule 1 hereto, residing at the address listed in Schedule 1 (hereinafter referred to as the "Executive").

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