Mutual Termination Agreement between Republic Bank & Trust Company and Jackson Hewitt Technology Services LLC

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Summary

Republic Bank & Trust Company and Jackson Hewitt Technology Services LLC have mutually agreed to terminate their Technology Services Agreement, originally signed in 2007 and amended several times. The termination is effective as of September 30, 2010. All ongoing obligations or relevant terms from the terminated agreement are now included in a separate Program Agreement between Republic and Jackson Hewitt Inc., an affiliate of JHTSL. Both parties have formally agreed to this termination and documented it with authorized signatures.

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EX-10.2 3 dex102.htm MUTUAL TERMINATION AGREEMENT Mutual Termination Agreement

Exhibit 10.2

MUTUAL TERMINATION

This Mutual Termination of the September 19th, 2007, Technology Services Agreement as previously amended (the “Agreement”) by and between Republic Bank & Trust Company (“Republic”), a Kentucky banking corporation, and Jackson Hewitt Technology Services LLC (“JHTSL”), a Delaware limited liability company, is effective as of the 30th day of September, 2010.

RECITALS

WHEREAS, Republic and JHTSL entered into the Agreement on September 19, 2007.

WHEREAS, Republic and JHTSL amended the Agreement on December 2, 2008, November 23, 2009 and December 29, 2009.

WHEREAS, Republic and JHTSL desire to terminate this Agreement and include the relevant terms thereof in the Program Agreement, dated September 19th, 2007, as amended, between Republic and Jackson Hewitt Inc., an affiliate of JHTSL.

NOW, THEREFORE, in consideration of the mutual promises, covenants and agreements set forth below and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, Republic and JHTSL do hereby agree to amend the Agreement as follows:

 

  1.

The parties hereby agree that the Agreement is hereby terminated and that all relevant continuing terms are reflected in the Program Agreement, dated September 19th, 2007, as amended up to and including the date hereof, between Republic and Jackson Hewitt Inc., an affiliate of JHTSL.

IN WITNESS WHEREOF, this Mutual Termination has been executed and delivered by a duly authorized officer of each party as of the date set forth above.

 

REPUBLIC BANK & TRUST COMPANY     JACKSON HEWITT TECHNOLOGY SERVICES LLC
By:   /s/ William R. Nelson     By   /s/ Daniel P. O’Brien
Name:   William R. Nelson     Name:   Daniel P. O’Brien
Title:   President—TRS     Title:   EVP & CFO