TRM CORP
EXHIBIT 10.11
<DOCUMENT>
<TYPE>EX-10.11
<SEQUENCE>9
<FILENAME>a2087014zex-10_11.htm
<DESCRIPTION>EXHIBIT 10.11
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<BR></FONT><FONT SIZE=2><B>Exhibit 10.11    <BR>  </B></FONT></P>

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<TD WIDTH="30%"><FONT SIZE=2><B>DATE :</B></FONT></TD>
<TD WIDTH="70%"><FONT SIZE=2><B>12<SUP>th</SUP> January 2001</B></FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="30%"><BR><FONT SIZE=2><B>CUSTOMER :</B></FONT></TD>
<TD WIDTH="70%"><FONT SIZE=2><BR>
TRM (ATM) Limited (company registration No. 3782309)<BR>
Registered Office: Tower 42, Level 23,<BR>
25 Old Broad Street, London, EC2N 1HQ<BR>
("</FONT><FONT SIZE=2><B>TRM</B></FONT><FONT SIZE=2>")</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="30%"><BR><FONT SIZE=2><B>BANK :</B></FONT></TD>
<TD WIDTH="70%"><FONT SIZE=2><BR>
Girobank Plc (company registration No. 1950000)<BR>
Registered Office: Carlton Park, Narborough, Leicester, LE9 5XX<BR>
("</FONT><FONT SIZE=2><B>Girobank</B></FONT><FONT SIZE=2>")</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="30%" VALIGN="TOP"><BR><FONT SIZE=2><B>COMMENCEMENT DATE :</B></FONT></TD>
<TD WIDTH="70%" VALIGN="TOP"><FONT SIZE=2><B><BR>
12<SUP>th</SUP> January 2001</B></FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="30%"><BR><FONT SIZE=2><B>TERM :</B></FONT></TD>
<TD WIDTH="70%"><FONT SIZE=2><BR>
This Agreement shall commence on the Commencement Date and shall continue (subject to the termination provisions) until the third anniversary of the Commencement Date</FONT></TD>
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<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This
Agreement is made between TRM and Girobank and incorporates the General Conditions attached. </FONT></P>

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Name</FONT></TD>
<TD WIDTH="40%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="5%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="7%"><FONT SIZE=2><BR>
Name</FONT></TD>
<TD WIDTH="40%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
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<TD WIDTH="7%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="40%"><HR NOSHADE></TD>
<TD WIDTH="5%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="7%"><FONT SIZE=2>&nbsp;</FONT></TD>
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<TD WIDTH="7%"><FONT SIZE=2><BR>
Title</FONT></TD>
<TD WIDTH="40%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="5%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="7%"><FONT SIZE=2><BR>
Title:</FONT></TD>
<TD WIDTH="40%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="7%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="40%"><HR NOSHADE></TD>
<TD WIDTH="5%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="7%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="40%"><HR NOSHADE></TD>
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<TD COLSPAN=2><FONT SIZE=2><BR>
for and on behalf of TRM</FONT></TD>
<TD WIDTH="5%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=2><BR>
for and on behalf of Girobank</FONT></TD>
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<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This
Agreement is made on the date upon which the party signing last adds their signature to the Agreement (as set out below) (the "Commencement Date") </FONT></P>

<P><FONT SIZE=2>BETWEEN
</FONT></P>

<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>(1)</FONT></DT><DD><FONT SIZE=2><B>Girobank plc</B></FONT><FONT SIZE=2> whose registered office is at Carlton Park, Narborough, Leicester, LE9 5XX ("Girobank") </FONT></DD></DL>

<P><FONT SIZE=2>AND
</FONT></P>

<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>(2)</FONT></DT><DD><FONT SIZE=2><B>TRM (ATM) Limited</B></FONT><FONT SIZE=2> (Company Number: 3782309) whose registered office is at Tower 42, Level 23, 25 Old Broad Street, London, EC2N 1HQ
("TRM") </FONT></DD></DL>

<P><FONT SIZE=2>WHEREAS:- </FONT></P>

<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>1.</FONT></DT><DD><FONT SIZE=2>TRM
operates a network of automated teller machines ("ATM"s) in the UK.
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>2.</FONT></DT><DD><FONT SIZE=2>GIROBANK
has also agreed to supply sterling bank notes to TRM for use in ATMs in accordance with the terms of this Agreement. </FONT></DD></DL>
<P ALIGN="CENTER"><FONT SIZE=2>1</FONT></P>

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<P><FONT SIZE=2>NOW
IT IS HEREBY AGREED AS FOLLOWS: </FONT></P>

<P><FONT SIZE=2><B>1.&nbsp;&nbsp;&nbsp;&nbsp;DEFINITIONS  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In this agreement, unless the context otherwise requires, the following expressions shall bear the meanings set out against them below: </FONT></P>

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<TD WIDTH="31%"><FONT SIZE=2>"Associated"</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="66%"><FONT SIZE=2>Means any two persons:<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;if one is a body corporate of which the other directly or indirectly has control either alone or with other members of a group of interconnected bodies corporate of which he
is a member, or<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;&nbsp;if both are bodies corporate of which one and the same person or group of persons directly or indirectly has control; and for the purposes of this definition a person or group
of persons able directly or indirectly to control or materially to influence the policy of a body corporate, but without having a controlling interest in that body corporate, may be treated as having control of it.</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="31%"><FONT SIZE=2><BR>
"ATM"</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="66%"><FONT SIZE=2><BR>
Means an automated teller machine subject to this Agreement.</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="31%"><FONT SIZE=2><BR>
"Banking Day"</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="66%"><FONT SIZE=2><BR>
Means any day other than a Saturday, Sunday or Bank Holiday in England, Wales, Northern Ireland or Scotland</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="31%"><FONT SIZE=2><BR>
"Base Rate"</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="66%"><FONT SIZE=2><BR>
Means the Girobank base rate as set by Girobank from time to time</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="31%"><FONT SIZE=2><BR>
"Cash Value"</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="66%"><FONT SIZE=2><BR>
Means the face value of all Notes provided by Girobank to TRM under this Agreement</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="31%" VALIGN="TOP"><FONT SIZE=2><BR>
"Cash Withdrawal Transaction"</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="66%" VALIGN="TOP"><FONT SIZE=2><BR>
Means a cash withdrawal from an ATM.</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="31%"><FONT SIZE=2><BR>
"Charges"</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="66%"><FONT SIZE=2><BR>
Means the Charges for the provision of Notes as set out in Schedule 2 payable by TRM</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="31%"><FONT SIZE=2><BR>
"Commencement Date"</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="66%"><FONT SIZE=2><BR>
Means the date set out at the start of this Agreement information shall have been disclosed to Girobank if Girobank acquires that information as a result of providing Services to TRM; and information shall have been "disclosed" to TRM if TRM acquires
that information as a result of being a party to this Agreement</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="31%"><FONT SIZE=2><BR>
"Day of Order"</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="66%"><FONT SIZE=2><BR>
Means each day on which Girobank generates an order to Girobank for Notes.</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="31%"><FONT SIZE=2><BR>
"Disclosing Party"</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="66%"><FONT SIZE=2><BR>
Means a party who discloses Confidential Information pursuant to this Agreement. For the purposes of this Agreement, any disclosure by POCL or Alliance &amp; Leicester plc shall be deemed to be a disclosure by Girobank and any information of POCL or
Alliance &amp; Leicester plc shall be deemed to be information of Girobank.</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="31%"><FONT SIZE=2><BR>
"Group"</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="66%"><FONT SIZE=2><BR>
Means either Girobank, TRM and their Associated companies</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="31%"><FONT SIZE=2><BR>
"Link Operating Rules"</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="66%"><FONT SIZE=2><BR>
Means Link Interchange Network Limited's operating rules in force from time to time.</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="31%"><FONT SIZE=2><BR>
"Nominated Cash Centre"</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="66%"><FONT SIZE=2><BR>
Means a cash centre nominated by Girobank</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="31%"><BR><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="66%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
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<P ALIGN="CENTER"><FONT SIZE=2>2</FONT></P>

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<TD WIDTH="31%"><FONT SIZE=2><BR>
"Notes"</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="66%"><FONT SIZE=2><BR>
Means sterling bank notes (including English Scottish and Northern Ireland Notes) which are forgery free and of good quality provided by Girobank</FONT></TD>
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<TD WIDTH="31%"><FONT SIZE=2><BR>
"Notes Held To Order"</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="66%"><FONT SIZE=2><BR>
Means the scheme operated by the Bank of England relating to the overnight surplus holdings of bank notes by banks participating in the scheme</FONT></TD>
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<TD WIDTH="31%"><FONT SIZE=2><BR>
"Order"</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="66%"><FONT SIZE=2><BR>
Means each order generated by TRM for the provision of Notes</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="31%"><FONT SIZE=2><BR>
"PBNE"</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="66%"><FONT SIZE=2><BR>
Means plastic banknote envelopes</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="31%"><FONT SIZE=2><BR>
"POCL"</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="66%"><FONT SIZE=2><BR>
Means Post Office Counters Limited</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="31%"><FONT SIZE=2><BR>
"Receiving Party"</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="66%"><FONT SIZE=2><BR>
Means a party who receives Confidential Information pursuant to this Agreement</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="31%"><FONT SIZE=2><BR>
"the Services"</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="66%"><FONT SIZE=2><BR>
Means the services set out in Clause 2.</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="31%"><FONT SIZE=2><BR>
"VAT"</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="66%"><FONT SIZE=2><BR>
Means the tax charged in accordance with the Value Added Tax Act 1994 and any tax imposed in substitution for such tax</FONT></TD>
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<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.1&nbsp;&nbsp;The
clause headings are for convenience only and shall not affect the interpretation of this Agreement. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.2&nbsp;&nbsp;All
Schedules to this Agreement constitute an integral part of this Agreement. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.3&nbsp;&nbsp;Except
where the context otherwise requires, words importing the singular include the plural and vice versa/and masculine includes feminine. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.4&nbsp;&nbsp;Reference
to any statute or statutory provision includes a reference to the statute or statutory provisions as from time to time amended extended or
re-enacted and includes all statutory instruments or regulations made thereunder. </FONT></P>

<P><FONT SIZE=2><B>2.&nbsp;&nbsp;&nbsp;&nbsp;THE SERVICES AND TRM'S OBLIGATIONS  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.1&nbsp;&nbsp;In
consideration of the payment of the Charges and subject to TRM complying with its obligations under this Agreement Girobank shall supply Notes in accordance with
Orders for ATMs&nbsp;as more particularly described in Schedule&nbsp;1. Girobank shall supply Notes in accordance with the procedures set out in Schedule&nbsp;1, Clause&nbsp;1 and the
packaging and quality requirements set out in Schedule&nbsp;1, Clause&nbsp;2. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.2&nbsp;&nbsp;Subject
to Clause&nbsp;2.9, throughout the term of this Agreement Girobank will fulfil all TRM's requirements for the Services for the relevant ATMs. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.3&nbsp;&nbsp;All
Notes provided pursuant to this Agreement are to be collected by TRM (or by its nominated carrier) from a Nominated Cash Centre at TRM's sole cost. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.4&nbsp;&nbsp;TRM
are to collect (or arrange for collection of) Notes from its ATMs&nbsp;and deliver (or arrange for delivery of) those Notes following withdrawal of the Notes from
ATMs&nbsp;to Nominated Cash Centres in accordance with timescales and procedures to be agreed between the parties. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.5&nbsp;&nbsp;Orders
shall be generated by TRM according to the procedures set out in Schedule&nbsp;1 to this Agreement. TRM shall place Initial Orders for newly installed
ATMs&nbsp;according to the procedures set out in Schedule&nbsp;1 to this Agreement. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.6&nbsp;&nbsp;TRM
will ensure that its nominated carrier: </FONT></P>

<UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.6.1&nbsp;&nbsp;&nbsp;&nbsp;is
made aware of the responsibilities accepted by TRM and the liabilities imposed upon TRM under this Agreement; and </FONT></P>

</UL>
<P ALIGN="CENTER"><FONT SIZE=2>3</FONT></P>

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<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.6.2&nbsp;&nbsp;&nbsp;&nbsp;is
insured in respect of loss, theft, damage and other risks at all times that Notes are in the nominated carriers possession; and </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.6.3&nbsp;&nbsp;&nbsp;&nbsp;at
all times keeps Notes supplied by Girobank under this Agreement in separate containers from all other notes in its possession and that such containers
are distinctly marked to enable the Notes to be identified as having been supplied by Girobank to TRM. </FONT></P>

</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.7&nbsp;&nbsp;Full
reconciliation of ATMs&nbsp;will be carried out by ATMOS. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.8&nbsp;&nbsp;TRM
shall give Girobank at least 10&nbsp;days written notice if the status of any ATM is to be changed from fully serviced to merchant serviced so as to enable
Girobank to terminate the existing Regular Orders for that ATM. No notice may be served until a fully serviced ATM has been serviced under this Agreement for at least 2&nbsp;months. Girobank shall
not provide Notes for merchant serviced ATMs </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.9&nbsp;&nbsp;In
the event of termination under Clause&nbsp;9 of this Agreement, Girobank will be provided access to Notes in ATMs&nbsp;and nominated carrier vaults. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.10&nbsp;&nbsp;&nbsp;TRM
hereby undertakes that it shall, upon request by Girobank, make such arrangements as are agreed with Girobank to provide security to Girobank for the
discharge by TRM of its obligations under this Agreement and for the security of the Notes and their return to Girobank in the event of termination of this Agreement. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.11&nbsp;&nbsp;&nbsp;The
parties shall hold an annual meeting at a location to be agreed to review any relevant matters in relation to this Agreement generally. </FONT></P>

<P><FONT SIZE=2><B>3.&nbsp;&nbsp;&nbsp;&nbsp;THE TERM  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.1&nbsp;&nbsp;This
Agreement shall commence on the Commencement Date and, subject to earlier termination under Clauses 9 or 10.4, shall continue for 3 calendar years thereafter. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.2&nbsp;&nbsp;Six
months prior to expiry of this Agreement, the parties shall enter into negotiations to extend the term of this Agreement on terms to be agreed. If the parties agree
extension terms then this Agreement shall continue after the 3 year period on the agreed amended terms for the agreed extension period. If the parties have not agreed extension terms prior to expiry
of this Agreement, then Clause&nbsp;3.1 above shall apply and the Agreement shall terminate. </FONT></P>

<P><FONT SIZE=2><B>4.&nbsp;&nbsp;&nbsp;&nbsp;OWNERSHIP  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.1&nbsp;&nbsp;The
Notes shall at all times be owned by Girobank until the Notes are withdrawn from TRM's ATMs. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.2&nbsp;&nbsp;Notwithstanding
Clause&nbsp;4.1 above, Girobank shall continue to own any Notes collected from TRM's ATMs&nbsp;which are to be returned to Girobank. </FONT></P>

<P><FONT SIZE=2><B>5.&nbsp;&nbsp;&nbsp;&nbsp;CHARGES  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.1&nbsp;&nbsp;In
consideration of the provision of the Services TRM shall pay to Girobank the Charges as set out in Schedule&nbsp;2. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.2&nbsp;&nbsp;TRM
will procure settlement of any Notes withdrawn from TRM's ATMs&nbsp;in favour of Girobank in accordance with the Link Operating Rules or by the return of Notes to
a Nominated Cash Centre under Clause&nbsp;2.4. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.3&nbsp;&nbsp;Girobank
will collect the Charges by direct debit from TRM's Girobank account on the 8<SUP>th</SUP> day of each month (or on the previous Banking Day where the
8<SUP>th</SUP> day of the month does not fall on a Banking Day) Girobank will provide TRM with a statement no later than 3 Banking Days after month </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>4</FONT></P>

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<P><FONT SIZE=2>
end showing all monies due to Girobank in respect of the Charges. Girobank shall supply all reasonable supporting documentation for Charges as may be requested by TRM. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.4&nbsp;&nbsp;In
the event that TRM disputes any monthly Charges then the dispute shall be dealt with in accordance with Clause&nbsp;13. In the meantime, Girobank shall credit TRM
with the disputed amount (being the element of the monthly Charges in dispute, not the whole of the monthly Charges) against the next monthly Charges. Upon agreement being made or judgement being
given as to the correct sum due in that month then TRM shall forthwith pay any additional sum due to Girobank together with interest on that sum under Clause&nbsp;5.5 from the date the sum was
credited to TRM to the date of payment under this Clause&nbsp;5.4. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.5&nbsp;&nbsp;Subject
to Clause&nbsp;5.4 above, in the event that payment of the Charges is not received within 30&nbsp;days and Girobank has supplied supporting documentation as
provided in clause&nbsp;5.3, TRM shall pay interest on the amount due at Base Rate plus 2% from the due date to the date of payment. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.6&nbsp;&nbsp;In
the event of any change in relation to Notes Held To Order status or other industry practice, Girobank shall take reasonable steps to mitigate any additional costs
which result but reserves the right to amend the Charges to take account of any additional costs relating from any such changes. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.7&nbsp;&nbsp;All
amounts set out in this Agreement are expressed to be exclusive of VAT. In the event that VAT is or becomes payable in respect of the Services, a tax invoice shall
be issued by Girobank and VAT shall be paid to Girobank by TRM in addition to the Charges. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.8&nbsp;&nbsp;In
the event of a note discrepancy (as referred to in Schedule&nbsp;1 paragraph&nbsp;3.2) then Girobank will collect such discrepancy by direct debit and provide TRM
with written confirmation of the source of the discrepancy. </FONT></P>


<P><FONT SIZE=2><B>6.&nbsp;&nbsp;&nbsp;&nbsp;CONFIDENTIALITY  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.1&nbsp;&nbsp;The
Receiving Party undertakes to keep and maintain all Confidential Information received from the Disclosing Party (which in the case of Girobank shall include POCL and
Girobank) in the strictest confidence, to use Confidential Information only for the purposes of this Agreement and not to disclose Confidential Information to any third party without the prior written
consent of the other. Girobank have the right to disclose Confidential Information to POCL and Girobank solely for the purposes of this Agreement. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.2&nbsp;&nbsp;Each
party shall ensure that its employees, agents and subcontractors: </FONT></P>

<UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.2.1&nbsp;&nbsp;&nbsp;&nbsp;Shall
only be given access to Confidential Information received from the Disclosing Party on a "need to know" basis solely for the purposes of this
Agreement; </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.2.2&nbsp;&nbsp;&nbsp;&nbsp;Shall
have been made aware of the confidentiality obligations set out in this Agreement and entered into equivalent confidentiality obligations with the
Receiving Party; </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.2.3&nbsp;&nbsp;&nbsp;&nbsp;Shall
not cause or permit Confidential Information to be disclosed to any third party. </FONT></P>

</UL>

<P><FONT SIZE=2>Either
party may require the other party to verify compliance with this Clause&nbsp;6.2. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.3&nbsp;&nbsp;Without
prejudice to the other rights of the Disclosing Party, in the event of an unauthorised disclosure or use of Confidential Information occurring through a
disclosure made to the Receiving Party, the Receiving Party shall use its best endeavours to assist the Disclosing Party in recovering and preventing the use, dissemination, sale or other disposal of
such Confidential Information. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.4&nbsp;&nbsp;The
provisions of this Clause shall not prevent either party from disclosing any information where it can demonstrate and document that such information: </FONT></P>

<UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.4.1&nbsp;&nbsp;&nbsp;&nbsp;was
in its possession (with full rights to disclose) prior to receiving it from the other party; or </FONT></P>

</UL>
<P ALIGN="CENTER"><FONT SIZE=2>5</FONT></P>

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<UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.4.2&nbsp;&nbsp;&nbsp;&nbsp;is
or subsequently comes into the public domain other than by breach of its obligations hereunder; or </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.4.3&nbsp;&nbsp;&nbsp;&nbsp;is
independently developed or received by it from a third party without benefit of any of the Confidential Information as evidenced by written records;
or </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.4.4&nbsp;&nbsp;&nbsp;&nbsp;is
required to be disclosed by any law or governmental authority or agency or by any order of any court of competent jurisdiction; or </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.4.5&nbsp;&nbsp;&nbsp;&nbsp;is
required to be disclosed by the regulations of any recognised stock exchange. </FONT></P>

</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.5&nbsp;&nbsp;The
provisions of this Clause shall apply during the course of this Agreement and for a period of 7&nbsp;years thereafter. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.6&nbsp;&nbsp;Upon
termination of this Agreement both parties shall return to the other party all documents and materials (and all copies) containing the other party's Confidential
Information and certify in writing to the other party that it has complied with the requirements of this Clause. </FONT></P>

<P><FONT SIZE=2><B>7.&nbsp;&nbsp;&nbsp;&nbsp;ENTIRE AGREEMENT  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.1&nbsp;&nbsp;This
Agreement, including the Schedules hereto, constitutes the entire Agreement between Girobank and TRM and no variation hereof shall be effective unless made in
writing and signed as an agreed variation by both parties. </FONT></P>

<P><FONT SIZE=2><B>8.&nbsp;&nbsp;&nbsp;&nbsp;ASSIGNMENT AND SUB-CONTRACTING  </B></FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.1&nbsp;&nbsp;Neither
party shall assign the benefit of this Agreement without the consent of the other, such consent not to be unreasonably withheld or delayed save that each party
may assign this Agreement to any company in its Group whose registered office or principal place of business is in the UK without consent. For the avoidance of doubt, if any proposed assignee is a
company or legal entity whose registered office or principal place of business is not situated in the UK, then this shall be reasonable grounds to withhold consent. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.2&nbsp;&nbsp;Neither
party may sub-contract its rights or responsibilities under this Agreement nor materially amend the terms of any permitted sub-contract
without the prior written consent of the other party such consent not to be unreasonably withheld or delayed save that Girobank may sub-contract any of its obligations under this Agreement
to any company in the Group, or to POCL, without consent. It shall be a condition of Girobank granting any consent to TRM to subcontract collection and delivery of Notes that Girobank have the right
to inspect the contract between TRM and the proposed security carrier to satisfy itself that TRM is meeting its obligations under this Agreement and that the security carriers' security and
operational procedures meet Girobank's requirements. </FONT></P>

<P><FONT SIZE=2><B>9.&nbsp;&nbsp;&nbsp;&nbsp;TERMINATION  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.1&nbsp;&nbsp;This
Agreement may be terminated by either party forthwith by notice in writing to the other if that other party is in material breach of this Agreement and fails to
remedy the breach within 30&nbsp;days of notice of the breach being given by the other party in accordance with Clause&nbsp;16. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.2&nbsp;&nbsp;This
Agreement may be terminated by TRM with 30&nbsp;days notice if cash supplied under this Agreement is supplied by A&nbsp;&amp; L Bank under the TRM/A&nbsp;&amp; L Cash
Agreement. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.3&nbsp;&nbsp;This
Agreement may be terminated by either party forthwith by notice in writing if the other party shall convene a meeting of creditors; or if a proposal shall be made
for a voluntary arrangement within Part&nbsp;1 of the Insolvency Act 1986 or any other composition scheme or arrangement with (or assignment for the benefit of) its creditors; or if it shall be
unable to pay its debts within the meaning of Section&nbsp;123 of the Insolvency Act 1986; or if a trustee, receiver, administrative receiver or similar </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>6</FONT></P>

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<BR>

<P><FONT SIZE=2>
officer is appointed in respect of all or any part of its business or assets; or if a petition is presented or a meeting is convened for the purpose of consideration of a resolution or other steps
are taken for the winding up of the other party or for the making of an administration order (other than for the purposes of a reconstruction or amalgamation). </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.4&nbsp;&nbsp;This
Agreement may be terminated by Girobank immediately upon written notice in the event that ownership or control of TRM is materially altered whether by change of
ownership of stock or otherwise where in the reasonable opinion of Girobank such change in ownership is detrimental to the business of Girobank. For the purposes of this Clause&nbsp;9.4, "control"
means the ability to direct the affairs of another whether by virtue of the ownership of shares, contract or otherwise and the provisions of this clause shall apply mutatis mutandis in favour of TRM
in the event that ownership or control of Girobank materially altered by change of ownership of stock or otherwise. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.5&nbsp;&nbsp;Upon
termination or expiry of this Agreement TRM warrants that Girobank shall have unhindered access to Notes, including the right to retrieve Notes (whether in transit,
at any depot belonging to TRM's nominated carrier or in ATMs) and to recover Notes through Settlement Services provided under the TRM/A&amp;L ATM Agreement. Girobank will provide TRM with written
confirmation of the amount of Notes retrieved under this provision. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.6&nbsp;&nbsp;This
Agreement may be terminated by TRM on 3&nbsp;months written notice given within 3&nbsp;months of any VAT becoming payable in respect of the Services under
Clause&nbsp;5.7. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.7&nbsp;&nbsp;This
Agreement may be terminated by TRM on 6&nbsp;months written notice given at any time following amendment of the Charges under Clause&nbsp;5.6. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.8&nbsp;&nbsp;TRM
undertakes to notify its nominated carrier that the Notes belong at all times to Girobank and upon termination of this Agreement shall procure that the nominated
carrier allows Girobank unhindered access to the Notes (including the right to physical possession of the Notes). </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.9&nbsp;&nbsp;Any
termination of this Agreement pursuant to this Clause shall be without prejudice to any other rights or remedies either party may be entitled to hereunder or at law
and shall not affect any accrued rights or liabilities of either party nor the coming into or continuance in force of any provision hereof which is expressly or by implication intended to come into or
continue in force on or after such termination. </FONT></P>

<P><FONT SIZE=2><B>10&nbsp;&nbsp;&nbsp;&nbsp;FORCE MAJEURE  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.1&nbsp;&nbsp;&nbsp;Neither
party shall be responsible for delay or failure to perform its obligations due to causes beyond its reasonable control, including (as examples but
not by way of limitation) act of God or governmental act or the act of a relevant regulatory authority, fire, explosion, accident, civil commotion, war (whether declared or not) industrial dispute,
the failure (directly or indirectly) of any machine, data processing system, or transmission link. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.2&nbsp;&nbsp;&nbsp;Both
parties agree to give notice forthwith to the other upon becoming aware of a force majeure event and shall use reasonable endeavours to mitigate the
effect of a force majeure event upon the performance of this Agreement. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.3&nbsp;&nbsp;&nbsp;The
provisions of this Clause&nbsp;10 shall not apply in respect of obligations under Clauses 2.6, 2.10, 5, 6, 8, 9.5, 9.8, 11.4 and 11.5. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.4&nbsp;&nbsp;&nbsp;If
a force majeure event shall occur for a continuous period of 60&nbsp;days and the effect of such force majeure event is to prevent a party from
carrying out a material obligation under this Agreement, then either party may forthwith terminate this Agreement by written notice to the other party given at any time after the 60<SUP>th</SUP>
day if the force majeure event still subsists at that time. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>7</FONT></P>

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<BR>

<P><FONT SIZE=2><B>11&nbsp;&nbsp;&nbsp;&nbsp;RISK, LIABILITY AND INSURANCE  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.1&nbsp;&nbsp;&nbsp;Risk
in the Notes which are the subject of an Order shall pass to TRM when the Notes are collected from Girobank's Cash Centre in accordance with the
procedure set out in Schedule&nbsp;1. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.2&nbsp;&nbsp;&nbsp;Risk
in the Notes which have been returned to Girobank after collection from TRM's ATMs&nbsp;shall pass to Girobank when the Notes are physically handed
over to Girobank (or to its nominated distribution centre) at the location specified by Girobank. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.3&nbsp;&nbsp;&nbsp;Neither
party shall be liable to the other party for loss of profits or contracts or other indirect or consequential loss whether arising from negligence,
breach of contract or howsoever. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.4&nbsp;&nbsp;&nbsp;TRM
shall maintain money insurance cover in respect of loss of cash in TRM's ATMs&nbsp;in a sum of not less than the value of cash from time to time
held in TRM's ATMs&nbsp;serviced under this Agreement to cover the liabilities contained in this Agreement and shall arrange for Girobank's interest to be noted on the policy of insurance. Where so
required by Girobank TRM shall: </FONT></P>

<UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.4.1&nbsp;&nbsp;&nbsp;&nbsp;produce
evidence of payment of premiums in respect of any such insurance; and </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.4.2&nbsp;&nbsp;&nbsp;&nbsp;produce
the insurance policies for inspection by Girobank. </FONT></P>

</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.5&nbsp;&nbsp;&nbsp;TRM
will ensure that in the event that the insurance cover is cancelled or lapses for any reason, TRM's insurers and/or insurance brokers will notify
Girobank immediately. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.6&nbsp;&nbsp;&nbsp;In
the event that TRM fails to comply with this Clause, Girobank reserves the right to insure against any of the liabilities stated in this Clause and
recover the premiums from TRM. </FONT></P>

<P><FONT SIZE=2><B>12.&nbsp;&nbsp;INDEMNITY  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.1&nbsp;&nbsp;&nbsp;Each
Party agrees: </FONT></P>

<UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.1.1&nbsp;&nbsp;&nbsp;&nbsp;to
keep the other party indemnified against any actions, proceedings, liabilities, losses, claims, damages, costs and expenses arising out of or in
connection with this Agreement and to pay on demand all payments, costs, charges, damages and expenses suffered or incurred whether directly or indirectly save where any such actions, proceedings,
liabilities, losses, claims, damages, costs and expenses arise out of the negligence, wilful default or fraud of the other party, its employees, officers, agents or sub-contractors or any
amendment of the Charges in accordance with this Agreement; and </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.1.2&nbsp;&nbsp;&nbsp;&nbsp;that
either party shall promptly inform the other party if it becomes aware of any matter which may give rise to any liability under this
Clause&nbsp;12; and </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.1.3&nbsp;&nbsp;&nbsp;&nbsp;that
the party claiming the indemnity shall have conduct of any claim, action, proceeding, investigation or judgement which may be instituted made,
threatened or alleged arising out of or in connection with this Agreement save that that party may not settle or compromise with respect to any pending or threatened claim in respect of which
indemnification may be sought from the other party without the prior consent of the other party. </FONT></P>

</UL>

<P><FONT SIZE=2><B>13.&nbsp;&nbsp;DISPUTES  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.1&nbsp;&nbsp;&nbsp;In
the event of any dispute or difference arising between the parties in connection with this Agreement, senior management representatives of the parties
shall, within fourteen (14)&nbsp;days of a written request from either party to the other addressed to the Managing Director, meet in a good faith effort to resolve the dispute without recourse to
legal proceedings. Prior to any such meeting TRM shall, if requested by Girobank, provide Girobank with copies of any ATM journal rolls if the same are relevant to the dispute. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>8</FONT></P>

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<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.2&nbsp;&nbsp;&nbsp;If
the dispute or difference is not resolved as a result of such meeting, either party may (at such meeting or within 14&nbsp;days from its conclusion)
propose to the other in writing that structured negotiations be entered into with the assistance of a mediator or neutral advisor ("Mediator"). </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.3&nbsp;&nbsp;&nbsp;If
the parties are unable to agree on a Mediator or if the Mediator agreed upon is unable or unwilling to act, either party shall within 14&nbsp;days
from the date of the proposal to appoint a Mediator or within 14&nbsp;days of notice to either party that he or she is unable or unwilling to act, apply to the Centre for Dispute Resolution ("CEDR")
to appoint a Mediator. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.4&nbsp;&nbsp;&nbsp;The
parties shall within 14&nbsp;days of the appointment of the Mediator meet with him/her in order to agree a programme for the exchange of any
relevant information and the structure to be adopted for the negotiations to be held. If considered appropriate, the parties may at any stage seek assistance from the CEDR to provide guidance on a
suitable procedure. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.5&nbsp;&nbsp;&nbsp;Unless
concluded with a written legally binding agreement, all negotiations connected with the dispute shall be conducted in confidence and without
prejudice to the rights of the parties in any future proceedings. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.6&nbsp;&nbsp;&nbsp;If
the parties accept the Mediator's recommendations or otherwise reach agreement on the resolution of the dispute, such agreement shall be reduced to
writing and, once it is signed by their duly authorised representatives, shall be binding on the parties, Such agreement shall be implemented in full within 30&nbsp;days of signature failing which
it shall be rendered null and void (and may not be referred to in any subsequent legal proceedings) unless legal proceedings have been initiated to enforce it by either party within a further
90&nbsp;days. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.7&nbsp;&nbsp;&nbsp;Failing
agreement, either of the parties may invite the Mediator to provide a non-binding but informative opinion in writing, who need only
comply with their request if he considers it would be
helpful. Any such opinion shall not be an attempt to anticipate what a court might order but rather the Mediator's suggestions as to the settlement terms which are considered appropriate in all the
circumstances. Such opinion shall be provided on a without prejudice basis and shall not be used in evidence in any proceedings arising in connection with this Agreement without the prior written
consent of both parties. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.8&nbsp;&nbsp;&nbsp;If
the parties fail to reach agreement in the structured negotiations within 90&nbsp;days of the Mediator being appointed then any dispute or difference
between them may be referred to the Courts. </FONT></P>

<P><FONT SIZE=2><B>14.&nbsp;&nbsp;WAIVER  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.1&nbsp;&nbsp;&nbsp;No
waiver by either party of any breaches of this Agreement by the other party shall be construed as a waiver of any subsequent breach of the same or any
other provision of this Agreement. </FONT></P>

<P><FONT SIZE=2><B>15.&nbsp;&nbsp;SEVERABILITY  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15.1&nbsp;&nbsp;&nbsp;Each
of the provisions of this Agreement are separate and severable and enforceable accordingly and if, at any time, any provision is judged by any court
in a competent jurisdiction to be void or unenforceable, the validity, legality and enforceability of the remaining provisions thereof shall not, in any way, be affected or impaired thereby. </FONT></P>

<P><FONT SIZE=2><B>16.&nbsp;&nbsp;NOTICE  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16.&nbsp;&nbsp;&nbsp;&nbsp;Any
notice or other document to be given under this Agreement shall be in writing and shall be deemed to have been duly given if left at or sent by: </FONT></P>

<UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16.1.1&nbsp;&nbsp;&nbsp;&nbsp;first
class post or express or air mail or other fast postal service; or </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16.1.2&nbsp;&nbsp;&nbsp;&nbsp;registered
post; or </FONT></P>

</UL>
<P ALIGN="CENTER"><FONT SIZE=2>9</FONT></P>

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<UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16.1.3&nbsp;&nbsp;&nbsp;&nbsp;telex
or facsimile to a party at the address or relevant telecommunications number for such party or such other address as the party may from time to
time designate by written notice to the other. </FONT></P>

</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16.2&nbsp;&nbsp;&nbsp;Notice
to TRM shall be sent to: </FONT></P>

<UL>
<UL>

<P><FONT SIZE=2>TRM
(ATM) Limited<BR>
Attn:&nbsp;&nbsp;&nbsp;&nbsp;Country Manager<BR>
Unit 4-6, Brunel Centre,<BR>
Newton Road, Crawley,<BR>
West Sussex, RH10 2US<BR></FONT> <FONT SIZE=2><I>(Fax: 01293 537 656)</I></FONT></P>

<P><FONT SIZE=2><I>With a copy to:</I></FONT><FONT SIZE=2><BR>
TRM Corporation<BR>
Attn:&nbsp;&nbsp;&nbsp;&nbsp;VP ATM Business<BR>
5208 N.E. 122<SUP>nd</SUP> Avenue<BR>
Portland, Oregon,97230-1074<BR>
U.S.A. </FONT></P>

<P><FONT SIZE=2><I>(Fax: 001 503 251 5473);</I></FONT></P>

</UL>
</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16.3&nbsp;&nbsp;&nbsp;Notices
to GIROBANK shall be sent to Head of Wholesale Banking, Girobank plc, Bridle Road, Bootle, GIR 0HH. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16.4&nbsp;&nbsp;&nbsp;Any
notice or other document shall be deemed to have been received by the addressee two working days following the date of despatch of the notice or other
document by post or, where the notice or other document is sent by hand or is given by telex or facsimile, simultaneously with the delivery or transmission. All notices to TRM shall be deemed properly
served on TRM if the provisions of this Clause&nbsp;16 are met in respect of the notice to be sent to TRM ATM Limited, irrespective of whether or not any copy is served on TRM Corporation in
accordance with this Clause&nbsp;16. </FONT></P>

<P><FONT SIZE=2><B>17.&nbsp;&nbsp;APPLICABLE LAWS AND DATA PROTECTION  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17.1&nbsp;&nbsp;&nbsp;Both
parties shall comply with all applicable laws, rules, regulations, bye-laws and codes of practice in performing their respective
obligations under this Agreement. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17.2&nbsp;&nbsp;&nbsp;Each
party shall (and ensure that its permitted sub-contractors shall) in performing their obligations under this Agreement comply with the
Data Protection Act 1984 and the Data Protection Act 1998 and the data protection principles set out in Schedule&nbsp;1 to such Act as amended or substituted from time to time. </FONT></P>

<P><FONT SIZE=2><B>18.&nbsp;&nbsp;AUDIT AND PAYMENT  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18.1&nbsp;&nbsp;&nbsp;TRM
will, on Girobank's request, provide written confirmation of their statutory accounts and Girobank may require such confirmation to be independently
audited. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18.2&nbsp;&nbsp;&nbsp;Girobank
shall have the right at its own cost to examine TRM's books and records for the purposes of ascertaining that the financial information
pertaining to the Services the subject matter of this Agreement which is being provided to Girobank has been provided accurately. For that purpose TRM hereby grants to Girobank and its professional
advisers a right of access to TRM's premises, systems and information on the giving of reasonable notice during normal business hours. Girobank and its professional advisers shall have the right to
take copies of any financial books and records they reasonably require and TRM shall provide all necessary facilities free of charge. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>10</FONT></P>

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<P><FONT SIZE=2><B>19.&nbsp;&nbsp;SUPPLY OF NOTES IN EUROS  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19.1&nbsp;&nbsp;&nbsp;Girobank
and TRM agree that if at any time during the continuance of this Agreement, TRM wishes to make provision for the supply of cash under this
Agreement to be made in Euros or a combination of Sterling and Euros as a result of a decision by the United Kingdom to participate in European Monetary Union, then Girobank and TRM will enter into
negotiations in good faith to investigate the practicalities of doing so. </FONT></P>

<P><FONT SIZE=2><B>20.&nbsp;&nbsp;RE-BANKING  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20.1&nbsp;&nbsp;&nbsp;Re-banking
of Notes will be carried out at Girobank's cost provided that the value of Notes to be re-banked does not exceed 20% of
the value of any such Order, whereupon Girobank shall enter into discussions in good faith with TRM to discuss any revision of the ATM Management fee. The Parties shall endeavour to reach agreement
regarding any revision of the ATM Management Fees within 1&nbsp;month of commencement of such discussions. In the event that no agreement is reached, then Girobank, at its discretion, reserves the
right to revise, in its discretion as it sees fit the ATM Management Fees set out in Schedule&nbsp;2. </FONT></P>

<P><FONT SIZE=2><B>21.&nbsp;&nbsp;THIRD PARTY RIGHTS  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21.1&nbsp;&nbsp;&nbsp;This
Agreement is enforceable by the original parties to it and by their permitted assignees. Any rights of any person to enforce the terms of this
Agreement pursuant to the Contracts (Rights of Third Parties) Act 1999 are hereby excluded. </FONT></P>

<P><FONT SIZE=2><B>22.&nbsp;&nbsp;LAW  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22.1&nbsp;&nbsp;&nbsp;This
Agreement shall be governed by and construed in accordance with English law and both parties hereby submit to the non-exclusive
jurisdiction of the English courts. </FONT></P>

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<TD WIDTH="9%" VALIGN="TOP"><FONT SIZE=2>Signed</FONT></TD>
<TD WIDTH="44%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="45%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="9%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="44%" VALIGN="TOP"><HR NOSHADE></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="45%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=2 VALIGN="TOP"><FONT SIZE=2>for and on behalf of<BR></FONT> <FONT SIZE=2><B>Girobank plc</B></FONT><FONT SIZE=2><BR>
By Frank Lambe, </FONT><FONT SIZE=2><I>Head of Wholesale Banking</I></FONT><FONT SIZE=2><BR>
&nbsp;&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="45%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="9%" VALIGN="TOP"><FONT SIZE=2><BR>
Signed</FONT></TD>
<TD WIDTH="44%" VALIGN="TOP"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="45%" VALIGN="TOP"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
</TR>
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<TD WIDTH="9%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="44%" VALIGN="TOP"><HR NOSHADE></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="45%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=2 VALIGN="TOP"><FONT SIZE=2>for and on behalf of<BR></FONT> <FONT SIZE=2><B>TRM (ATM) Limited</B></FONT><FONT SIZE=2><BR>
By Kathleen Hoogerhuis, </FONT><FONT SIZE=2><I>Vice-President ATM Business</I></FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="45%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
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<P ALIGN="CENTER"><FONT SIZE=2>11</FONT></P>

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<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="le1125_schedule_1_#151;service_requirements"> </A>
<A NAME="toc_le1125_1"> </A>
<BR></FONT><FONT SIZE=2><B>SCHEDULE 1&#151;SERVICE REQUIREMENTS    <BR>  </B></FONT></P>

<P><FONT SIZE=2><B><I>Introduction  </I></B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Girobank agees to provide Notes to TRM (via a nominated security carrier to be engaged by TRM) for provision to those ATMs&nbsp;serviced by Girobank. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This
Schedule sets out the procedures and services that have been agreed between both parties. </FONT></P>

<P><FONT SIZE=2><B>1.&nbsp;&nbsp;&nbsp;&nbsp;Ordering Procedures  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Notes shall be ordered as set out below:- </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.1</FONT><FONT
SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;Regular Orders</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;</FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Orders
for Notes shall be generated by TRM by 10:00&nbsp;hours on the Day of Order for collection by TRM's nominated carrier at 7.30 am on the morning following the Day of Order for
delivery to TRM's network of ATMs&nbsp;on the days to be agreed. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.2</FONT><FONT
SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;Emergency Orders</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;</FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;These
may be arranged by agreement between the parties. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.3</FONT><FONT
SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;Initial orders</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;</FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;TRM
shall give Girobank at least 30&nbsp;days notice of a Notes requirement for newly installed ATMs&nbsp;and the parties shall agree the Initial Order and the frequency of Notes
delivery and emptying of that ATM. Unless otherwise agreed, Notes provided under an Initial Order shall be available for collection by TRM's nominated carrier as set out in Clause&nbsp;1.1 above. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.4</FONT><FONT
SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;Advice/Receipt of Orders</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;</FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;TRM
to advise Girobank by telephone/fax (to telephone number *** or to such other telephone number notified to TRM) of requirements for Emergency or Initial Orders. If Girobank have not
received the fax within 30 minutes of the advance telephone call, Girobank will contact TRM who will re-fax the details. </FONT></P>

<P><FONT SIZE=2><B>2.&nbsp;&nbsp;&nbsp;&nbsp;Packaging and Note Quality  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.1&nbsp;&nbsp;Girobank
to provide Notes of a quality sufficient for use in ATMs&nbsp;for collection by TRM or its nominated carrier from a Nominated Cash Centre. The Notes are to be
individually prepared, packaged and addressed for TRM ATM locations in accordance with Orders generated by Girobank in agreed denominations, bundle sizes and to presentational standards defined by
Girobank and agreed with TRM and its nominated carriers. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.2&nbsp;&nbsp;Girobank
to provide ATM fit notes in accordance with quality standards to be agreed prior to implementation. </FONT></P>

<P><FONT SIZE=2><B>3.&nbsp;&nbsp;&nbsp;&nbsp;Differences  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.1</FONT><FONT
SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;Missing Bags</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;</FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Upon
collection of Notes from a Nominated Cash Centre, TRM (or its nominated carrier) are to undertake an initial check to ensure that the appropriate number of bags of each denomination
are present. If any bags are missing TRM is to be advised immediately and shall advise Girobank on telephone number *** within an eight hour period of the bags being received by TRM or its nominated
carrier. Procedures shall be agreed between the parties and the nominated carrier. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>12</FONT></P>

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<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;TRM
shall contact Girobank advising of a missing bag and requesting a bag number. Girobank will respond by passing the information to TRM or liase directly with the nominated carrier
depending on particular circumstances at the time. At all times Girobank will ensure that TRM are kept apprised of ongoing investigations. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.2</FONT><FONT
SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;Note Discrepancy</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;</FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A
full Note count is to be undertaken by TRM or its nominated carrier, under dual control, within two working days of collection from Girobank. Any differences to be reported by
telephoning Girobank on telephone number 0151 966 2545, and followed up in writing enclosing the appropriate PBNEs and bands by the end of second working day. A copy of the letter should be sent by
the receiving branch to TRM. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each
of TRM's ATMs&nbsp;which are subject to this Agreement shall be emptied once each month (or such other interval as may be agreed between the parties) throughout the term of this
Agreement and the Notes retrieved from each of the ATMs&nbsp;shall be returned to Girobank via TRM's nominated carrier. The re-banked cash will be fully sorted and placed into Girobank
provided BNEs in accordance with the denominational specification marked on the bags. The bags will be marked with a TRM specific stamp allowing an audit trail to be developed. A discrepancy period of
15 working days will be followed with Girobank having this period to claim any discrepancies found in the BNEs from TRM. Cash will be re-banked to the Nominated Cash Centre on the morning
of the 3rd Banking Day following withdrawal of the Notes by TRM (or its permitted sub-contractor) from ATMs. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Settlement
in respect of discrepancies, once substantiated by Girobank, will take place on a monthly basis by set off from Transaction Revenue due to TRM under the TRM/A&amp;L ATM Agreement
or debit from TRM's nominated bank account. </FONT></P>

<P><FONT SIZE=2><B>4.&nbsp;&nbsp;&nbsp;&nbsp;Information to be Provided  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;TRM will provide or procure the provision of clear and accurate information on a daily basis regarding the location of ATMs&nbsp;as well as the level of cash in
the ATMs&nbsp;and the level of cash in transit. </FONT></P>

<P><FONT SIZE=2><B>5.&nbsp;&nbsp;&nbsp;&nbsp;Review  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Procedures and service delivery to be reviewed on a regular basis (i.e at not less than quarterly intervals). </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>13</FONT></P>

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<P ALIGN="CENTER"><FONT SIZE=2><A
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<A NAME="toc_le1125_2"> </A>
<BR></FONT><FONT SIZE=2><B>SCHEDULE 2    <BR>    <BR>    CHARGES    <BR>  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.1&nbsp;&nbsp;TRM
shall pay Girobank 5.25 pence for every unit of 100 notes consisting of 100&nbsp;&times;&nbsp;&pound;10 notes, exclusive of trunking charges. Should
TRM order a unit of 100 notes consisting of &pound;10 and &pound;20 notes then, providing that the unit consists of no less than 70&nbsp;&times;&nbsp;&pound;20 notes and
30&nbsp;&times;&nbsp;&pound;10 notes, TRM shall pay Girobank 4.75 pence for every such unit of 100 notes. If TRM require a unit of 100 notes in any other combination, Girobank will use
reasonable endeavours to accommodate this, subject to agreement on the Charges to be paid for the new combination. All Charges are exclusive of VAT or any equivalent tax due and will be payable as set
out in Clause&nbsp;5 of the Agreement.. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.2&nbsp;&nbsp;All
ordered cash will be debited from accounts held by Girobank and will attract interest payable to Girobank by TRM at the Girobank Base Rate. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.3&nbsp;&nbsp;There
will be an ATM Management Fee payable by TRM at the rate of &pound;7.00 per ATM per month. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>14</FONT></P>

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<P><br><A NAME="02POR1125_8">QuickLinks</A><br></P><!-- TOC_BEGIN -->
<UL>
<FONT SIZE=2><A HREF="#toc_ld1125_1">Exhibit 10.11</A></FONT><BR>
</UL>
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<FONT SIZE=2><A HREF="#toc_le1125_1">SCHEDULE 1&#151;SERVICE REQUIREMENTS</A></FONT><BR>
<FONT SIZE=2><A HREF="#toc_le1125_2">SCHEDULE 2 CHARGES</A></FONT><BR>

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