WLES, L.P. 2233 Wolf Front Rd. Van Alsyne TX 75495 Attn: Trent VoigtLetter Agreement • November 13th, 2014 • JetPay Corp • Blank checks • Delaware
This letter agreement (the “Letter Agreement”) is being entered into as of September 30, 2014 by and between WLES, L.P., a Texas limited partnership (the “Seller”), JetPay, LLC, a Texas limited liability company, and JetPay Corporation, a Delaware corporation (“JetPay”, and together with the Seller and JetPay, LLC, the “Parties”), in order to memorialize the intent of the Parties with respect to the allocation of proceeds received from any entity that is not a party to this Agreement, if any, by any of the Parties, whether through a court-ordered award, judgment, settlement or otherwise, in connection with the Direct Air Matter (the “Proceeds”).
