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USA Technologies Inc – ‘SB-2’ on 8/2/96 – EX-10

As of:  Friday, 8/2/96   ·   Accession #:  950116-96-711   ·   File #:  333-09465

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  As Of                Filer                Filing    For·On·As Docs:Size              Issuer               Agent

 8/02/96  USA Technologies Inc              SB-2                  21:399K                                   St Ives Financial/FA

Registration of Securities by a Small-Business Issuer   —   Form SB-2
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: SB-2        Registration of Securities by a Small-Business        88    373K 
                          Issuer                                                 
 2: EX-3        Exhibit 3.1.6                                          3     14K 
 3: EX-4        Exhibit 4.1                                           25     60K 
 4: EX-4        Exhibit 4.2                                            4     20K 
 5: EX-5        Exhibit 5.1                                            2±    12K 
 6: EX-10       Exhibit 10.1.2                                         2     12K 
11: EX-10       Exhibit 10.14.2                                        3     12K 
12: EX-10       Exhibit 10.15.1                                        3     16K 
13: EX-10       Exhibit 10.18.1                                        6     29K 
 7: EX-10       Exhibit 10.2.1                                         2     12K 
15: EX-10       Exhibit 10.28                                         10     26K 
16: EX-10       Exhibit 10.29                                          7     31K 
 8: EX-10       Exhibit 10.3.1                                         2     12K 
17: EX-10       Exhibit 10.30                                         10     27K 
18: EX-10       Exhibit 10.31                                          7     31K 
19: EX-10       Exhibit 10.32                                          2     16K 
20: EX-10       Exhibit 10.33                                          2     13K 
 9: EX-10       Exhibit 10.6.1                                         6     30K 
10: EX-10       Exhibit 10.7.1                                         6     30K 
14: EX-10.26    Remarketing Agreement                                  9     51K 
21: EX-23       Exhibit 23.1                                           1      8K 


EX-10   —   Exhibit 10.33

EX-101st Page of 2TOCTopPreviousNextBottomJust 1st
 

Exhibit 10.33 USA Technologies, Inc. 3 Glenhardie Corporate Center 1265 Drummers Lane, Suite 306 Wayne, Pennsylvania 19087 July 17, 1996 Mr. Peter G. Kapourelos 1515 Richard Drive West Chester, PA 19380 Re: Consulting Arrangement Dear Pete: This letter will confirm the consulting arrangement between you and the Company which existed during the fiscal year ended June 30, 1996. In exchange for the substantial and valuable services performed by you for the Company during the fiscal year, the Company has agreed to pay to you the sum of $24,000 (i.e., $2,000 per month), of which $22,000 has been paid to you to date. This compensation, as well as your services, were in addition to and exclusive of your dedicated and loyal service since May 1993 as a Director of the Company. I look forward to your continued service on the Board of Directors for many years. You have been very helpful and valuable to the Company in connection with investor and public relations. In this regard, I appreciate the friends you introduced me to, many of which became shareholders in the Company. In addition, during the fiscal year, you answered many questions regarding the Company from our shareholders, and assisted the Company in its overall public relations efforts. Finally, your assistance to me in connection with various written materials which were distributed to our shareholders was much appreciated. This will confirm that at no time did you act as a "broker" under the applicable securities laws in connection with any offer or sales of the Company's securities, and at no time did you solicit the sale of, or offer to sell, or negotiate the sale of, any securities of the Company to any person introduced to us by you. Your efforts consisted solely of introducing the Company to your friends, and any discussions concerning the sale or purchase of securities were conducted solely by other Company employees. Pete, in connection with your consultancy, you served as an independent contractor to the Company, and you will be responsible for payment of all applicable taxes in connection with the compensation paid to you by the Company.
EX-10Last Page of 2TOC1stPreviousNextBottomJust 2nd
Thank you again for your dedicated service and advice and I look forward to having you on our team for many years to come. The Company appreciates your support and confidence. Please confirm that this letter sets forth our prior understanding and arrangement by signing below where indicated, and returning it to me. Sincerely, USA TECHNOLOGIES, INC. By: /s/ George R. Jensen, Jr. ----------------------------------- George R. Jensen, Jr., President AGREED TO: /s/ Peter G. Kapourelos --------------------------- Peter G. Kapourelos

Dates Referenced Herein   and   Documents Incorporated by Reference

Referenced-On Page
This ‘SB-2’ Filing    Date First  Last      Other Filings
Filed on:8/2/96
7/17/9618-K
6/30/96110-K
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Filing Submission 0000950116-96-000711   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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