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Company and submitted through a mobile device by Company to TeleCheck, and subsequent to the transaction TeleCheck instructs Company to deposit the check (due to image quality issues (a Redeposit Check Item). Company must deposit the Redeposit Check Item within 2 days of TeleCheck's instruction to do so and TeleCheck must receive it for purchase within 45 days of the date on the check Paper Settlement Items and Redeposit Check Items may only be presented once for payment (TeleCheck will not accept Paper Settlement Items or Redeposit Check Items that Company or its financial institution presented for payment more than once) In addition, Company must securely store the physical check for at least 60 days following the corresponding payment transaction 1.5. Electronic Images. If the Item is submitted to TeleCheck by Company as an image using a mobile device or other image reader, the ability to settle imaged Eligible Items to the banking system depends on (a) the quality of the image and (b) the banking system's ability to accept the image for settlement processing Company will use a third party provider to capture images of Items using a mobile device (this third party, an Image Vendor) and submit those images to TeleCheck Company acknowledges that its Image Vendor will require some of Company's account information (including, without limitation, merchant account number, contact name, email address and device identifier) to submit Item images to TeleCheck, and authorizes TeleCheck to provide the Image Vendor with the information necessary to allow it to submit Item images to TeleCheck on behalf of Company TeleCheck is not responsible for the image quality of Items submitted through Company's Image Vendor, or submission of the images by Company's Image Vendor to TeleCheck Company will destroy the physical checks that were submitted as electronic images after storing them securely for at least 60 days 1.6. Authorization. Company will maintain a copy of each consumer's Authorization for the longer of. (a) 2 years, or (b) the period of time required by the NACHA Rules. Company will provide TeleCheck with legible copies of Authorizations within 7 days of TeleCheck's request for them. 1.7. Assignment of Items. Company assigns all if its right, title, and interest in each Eligible Item that it submits to TeleCheck for warranty coverage when the Item becomes a Return Item Company will reasonably aid TeleCheck in its enforcement of the rights associated with an assigned Eligible Item 1.8. Processing Notices; Return Item Fees. Company will post, and provide consumers with, notices at the point of sale that are required to process Items using the Services and to collect fees on Return Items Company will assess the highest fee amount allowed by applicable Laws on all Return Items. which TeleCheck may collect and retain from consumers 1.9. "Goodwill" of an Ineligible Item. TeleCheck may elect to provide warranty coverage for an Ineligible Item that Company submits for processing Providing warranty Coverage for an Ineligible Item will not constitute a course of dealing, waiver of rights, or prevent TeleCheck from rejecting warranty coverage for any other Ineligible Items 1.10. Updating Information. Company will promptly notify TeleCheck if (a) a consumer makes any payment to Company or returns any goods in connection with a Return Item that is subject to warranty coverage, or (b) Company cancels any services paid for by an Item that is subject to warranty coverage, both representing a full or partial satisfaction of the Return Item Company's notice of payment or cancellation of services will identify the consumer 1.11. Chargeback. TeleCheck may chargeback any Eligible Item that it purchased from Company for coverage under the Information Warranty if. (1) the consumer returned the goods or services (in whole or in part) that were paid for with the Item, (2) Company has not delivered the goods or services that were pad for using the Item, (3) the Item is subject to any stop payment, dispute, or setoff, (4) the consumer makes full or partial payment to Company for the Item, or provides any form of security to ensure its payment, (5) the goods or services were initially delivered on credit or under a lease, (6) the purchase transaction, the payment represented by the Item, or transferring the Item to TeleCheck (by assignment or otherwise) is void or invalid for any reason other than the consumer's bankruptcy, (7) Company breaches the applicable warranty requirements for Eligible Items. (8) Company submits multiple Items or duplicate Items related to the same transaction for processing (e g deposits a paper Item previously submitted for processing as an electronic Item without TeleCheck's direction to do so). (9) Company does not submit its Items to TeleCheck for processing within 1 calendar day of the transaction date (for batch processing, Items must be submitted to TeleCheck for processing within 7 calendar days of the transaction date), (10) the consumer disputes authorizing the Item, its validity, or the amount debited for it (except in the case of third party fraud committed with a consumer's check) (11) the consumer's Authorization is incomplete or invalid, (12) Company fails to provide TeleCheck with a legible copy of an Authorization within 7 days of a request for it, or (13) Company breaches this Agreement, alters an Item or approval code, or submits an A TRUE COPY CERTIFICATION ON LAST PA(,F J.R. SMITH, CLERK Item with Knowledge it is likely to become a Return Item Knowledge means facts or circumstances which, if known, would cause a merchant, using commercially reasonable judgment. to independently refuse to accept an Item (including, without limitation, splitting single transactions into smaller components or resubmitting Items that were previously denied) Company will immediately notify TeleCheck if it has Knowledge that any of the above circumstances occur Company will continue to be responsible for its chargebacks after termination of this Agreement TeleCheck may chargeback any amounts that exceed the Warranty Maximum for an Eligible Item. 2. Non -Warranty Services 2.1. If any of the verification services or the Specialty Items (Settlement Only) services are selected by Company in the TeleCheck Application (Non -Warranty Services), TeleCheck will have no liability for any Item that is processed using the Non -Warranty Services that is subsequently returned, dishonored, reversed or otherwise unpaid. and does not warranty the checks processed using the Non - Warranty Services There will be no payment to Company for any loss from transactions processed through the Non -Warranty Services Company assumes all risks that Items accepted by Company may result in Return Items Company will be fully responsible and liable to TeleCheck for all Return Items, regardless of the reason or timing TeleCheck will deduct or offset all Return Items against any amounts to be paid to Company for Items to settled under this Agreement or, alternatively. TeleCheck may initiate debits to Company's Settlement Account (defined in Section 3 1 below) for all such Return Items 2.2. Representations and Warranties. Company represents and warrants that each Item submitted under any of the Non -Warranty Services complies with the following, (a) the Item was submitted to TeleCheck in accordance with the TeleCheck's operating guidelines and specifications, (b) the consumer authorized debiting its account by electronic funds transfer or remotely created check for the amount of the Item in accordance with in accordance with the TeleCheck's operating guidelines and specifications and NACHA Rules including, without limitationr providing any necessary nonce$ to consumer (not applicable to the Specialty Items (Settlement Only) services) and (c) the requirements in Sections 1.4. B., C. and D (as applicable to the type of Item presented) have been complied with 3. Settlement 3.1. Company will identify one or more bank accounts held in its name (each, a Settlement Account) that TeleCheck will use in connection with the Services Company authorizes TeleCheck to (a) initiate credits to the Settlement Account for proceeds that correspond to Company's transactions, (b) initiate debits to the Settlement Account for any amounts that may be owed or are required to be paid under this Agreement (c) initiate the transaction to a consumer's deposit account on Company s behalf for Items that are owed to it and (d) initiate adjustments related to the foregoing (including without limitation, adjustments for chargebacks or partial adjustments) TeleCheck may initiate any transfer by Automated Clearing House ACH) entry 3.2. TeleCheck reserves the right to decline processing any Item TeleCheck will initiate a funds transfer for Company's transactions that were processed under this Agreement, less any amounts due from Company for fees, refunds, adjustments or its other obligations TeleCheck will typically credit Company's settlement funds to is Settlement Account within 2 banking days once the transactions are finally submitted to TeleCheck for settlement processing 3.3. TeleCheck may recover amounts associated with any adjustments for an Item that are made to the Settlement Account at Company's request or due to its error TeleCheck may also recover amounts associated with any fees that a consumer paid to its financial institution because of these adjustments 3.4. Company must promptly notify TeleCheck if it fails to receive any settlement funds or if there are any changes to the Settlement Account Transfer of settlement funds may be delayed or misdirected if Company provides inaccurate information about, or fails to notify TeleCheck of changes to, the Settlement Account TeleCheck is not responsible for settlement errors that arise if Company provides inaccurate information about, or fails to notify TeleCheck of changes to. the Settlement Account 4. Financial Information Company will promptly provide any financial or other information reasonably requested by TeleCheck to perform credit risk security, qualification, and other reviews related to providing the Services transactions submitted, fulfillment of obligations to TeleCheck or the financial condition of Company Company authorizes TeleCheck to obtain information from third parties when performing credit risk. security, qualification, and other reviews 5. Notice of Material Changes Company will provide TeleCheck with reasonable advance notice of any material change in the nature of Company's business (including, without limitation any change to Company s operations that would materially affect its products sold. services provided or the procedures it follows for payments acceptance) The failure to provide TeleCheck with this notice constitutes a material breach of this Agreement CardCo2305 43