0001354488-14-006337 Sample Contracts

EMPLOYMENT AGREEMENT
Employment Agreement • December 24th, 2014 • Payment Data Systems Inc • Functions related to depository banking, nec • Texas

THIS AGREEMENT, dated as of December 23, 2014, is made and entered into by and between Payment Data Systems, Inc. inc., a Nevada corporation, having an office address at 12500 San Pedro Ave., Suite 120, San Antonio, Texas 78216 ("Payment Data Systems, Inc." or the "Company") and the individual named in Schedule 1 hereto, residing at the address listed in Schedule 1 (hereinafter referred to as the "Employee").

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TRANSITION SERVICES AGREEMENT
Transition Services Agreement • December 24th, 2014 • Payment Data Systems Inc • Functions related to depository banking, nec • Texas

This Transition Services Agreement (this “Agreement”) is made and entered into as of December 22, 2014 (the “Effective Date”) by and between Akimbo Financial, Inc., a Texas corporation (“Seller”), and Payment Data Systems, Inc., a Nevada corporation (“Purchaser). Capitalized terms used but not defined herein shall have the meanings ascribed to such terms in that certain Asset Purchase Agreement, dated as of even date herewith, by and between Seller and Purchaser (the “Purchase Agreement”).

ASSET PURCHASE AGREEMENT
Asset Purchase Agreement • December 24th, 2014 • Payment Data Systems Inc • Functions related to depository banking, nec • Texas

This Asset Purchase Agreement (this “Agreement”) is made and entered into as of December 22, 2014 (the “Effective Date”) by and between Akimbo Financial, Inc., a Texas corporation (“Seller”), and Payment Data Systems, Inc., a Nevada corporation (“Purchaser”). Seller and Purchaser may be referred to herein individually as a “Party” and together as the “Parties”.

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