ATM Cash Agreement [Exhibit E] - Palm Desert National Bank and Cardtronics LP
REVISED
EXHIBIT "E"
2ND REVISION TO PALM DESERT NATIONAL BANK ATM CASH AGREEMENT BETWEEN PALM
DESERT NATIONAL BANK AND CARDTRONICS, LP (CUSTOMER), EFFECTIVE NOVEMBER 1, 2002
REVISION EFFECTIVE SEPTEMBER 1, 2003
All other approved fees and expenses shall be billed to Customer along with the
monthly Cash Availability Fee. Such fees shall be automatically debited on the
15th business day of the following month out of the following Customer operating
account:
Southwest Bank of Texas
Account # 5728185
Routing/transit #113011258
CASH SERVICE:
CUSTOMER REQUIREMENTS
- Full analysis and approval of two (2) years' corporate
financial statements and two (2) years tax returns by PDNB.
- Articles of incorporation and other pertinent corporate
documentation
- $ * Certificate of Deposit with PDNB.
- All funds, including Surcharge Income (but excluding
Interchange) must settle with PDNB.
- The Processor must be approved and instructed by PDNB only to
direct account information/transactions for crediting ACM Cash
and Surcharge.
- Either a copy of Customer's ATMs Site Agreement(s) to be used
with merchants or ATM owners or a letter from the
merchant/owner disavowing any ownership, claim or interest in
the ATM Cash as discussed in Section 6.
- Insurance certificate adding Bank as additional insured as
specified in Section 11.
SET-UP FEES - One time Fee
- New ATM - $ * Fee per ATM; Conversion ATM(s) - $5.00 per
ATM
PER SERVICE FEES
- Cash Delivery Fee - $ * per Cash Delivery/Visit for PDNB
Cash Balancing Operations.
- Cash Management fee - $ * per terminal per month as
requested by Customer.
* Denotes Confidential Portion Omitted and Filed Separately with the Commission.
<PAGE>
MONTHLY FEES
Cost of Cash is calculated by multiplying the daily outstanding EFT cash balance
in the ACM by the applicable cost of cash rate, multiplying by one and then
dividing by 360. (Example: $10,000.00 x 5.50% x 1/360). The total daily
calculations are added together for the number of days in the month to arrive at
the total monthly cost of cash.
Prime rate will be the prime rate in effect the first day of each month.
TIER 1 - *
TIER 2 - *
TIER 3 - *
TIER 4 - *
- Insurance: PDNB maintains insurance on outstanding cash for each ATM.
The cost is calculated on the monthly average outstanding balance as
described below with a per occurrence deductible of $2,500.00.
Insurance cost for multiple ATMs in one location with an Aggregate
Average Outstanding Balance in excess of $500,000 will be quoted
separately; provided, however, the below quoted rates are not affected
by the outstanding balance of ATM Cash in the possession of any Armored
Carrier at its sorting facility or in any of its vehicles.
Average outstanding Balance Monthly Cost Annual Cost
--------------------------- ------------ -----------
$1 - $300,000 * *
Such insurance costs may be increased to meet increasing insurance
rates, which are adjusted annually as of August. Bank will notify
Customer in writing thirty (30) days in advance of such increase.
- Actual Cost for Armored Carrier.
- REGULATION E AND PROCESSOR CLAIMS PROCESSING
PLEASE INDICATE CLAIMS PROCESSING METHOD BY CHECKING THE APPROPRIATE
BOX BELOW. PLEASE CHOOSE ONE METHOD FOR PROCESSING REG E CLAIMS AND ONE
METHOD FOR PROCESSING PROCESSOR CLAIMS. CUSTOMER ACCEPTS THE PER
SERVICE FEE ASSOCIATED WITH EACH METHOD OF CLAIMS PROCESSING.
PROCEDURE FOR PROCESSING A REG E CLAIM:
[ ] Customer will research claims and process adjustments. Customer will
forward outcome to PDNB. Armored carrier will send Journal records
directly to customer. Customer will pay processor and network fees only
- No fee to be charged to Customer by Bank for this method of claims
processing.
* Denotes Confidential Portion Omitted and Filed Separately with the Commission.
2
<PAGE>
Or
[ ] $2.50 fee per claim - Customer will research claims and forward any
required information to Bank for processing of adjustment. Armored
carrier will send Journal records directly to Customer. Customer will
pay processor and network fees.
Or
[ ] $5.00 fee per claim - Bank will research claim and forward necessary
information to Customer for processing. Armored carrier will send
journal records to Bank. Customer will pay processor and network fees.
Or
[X] $ * fee per claim - Bank will research claims and process
adjustments on behalf of Customer. Armored carrier will send journal
records to Bank. Bank will forward outcome to customer. Customer will
pay processor and network fees.
PROCEDURE FOR PROCESSOR CLAIMS:
[ ] $ * - Customer will research own processor claim and submit
adjustments to their processor for their own claims. PDNB will provide
transaction credit report, copy of Journal records (mailed at
customer's expense) and notification letter to customer.
Or
[ ] $ * fee per claim - Customer will research their own claims to
process adjustments. PDNB will provide transaction credit report, and
notification letter to customer.
Or
[X] $ * fee per claim - Bank will research processor claims and customer
will submit adjustments to their processor. PDNB will provide
transaction credit report, copy of Journal records (mailed at
customer's expense) and letter to customer.
Or
[ ] $ * fee per claim - Bank will research processor claims and submit
adjustments to the processor.
NOTE: If PDNB does not receive journal records from armored carrier,
PDNB will send claim letter and transaction credit report to customer
and bill the customer for the shortage.
All other fees as agreed to in advance that are the result of this service.
* Denotes Confidential Portion Omitted and Filed Separately with the Commission.
3
<PAGE>
CARDTRONICS, LP PALM DESERT NATIONAL BANK
By: /s/ Michael H. Clinard By: /s/ Mark J. Holland
----------------------------- ---------------------------
Name: Michael H. Clinard Name: Mark J. Holland
Title: Chief Operating Officer Title: Senior Vice President
Date: 9/16/03 Date: 9/19/03
4