<SEC-DOCUMENT>0000896429-17-000004.txt : 20170328
<SEC-HEADER>0000896429-17-000004.hdr.sgml : 20170328
<ACCEPTANCE-DATETIME>20170328171308
ACCESSION NUMBER:		0000896429-17-000004
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20170324
ITEM INFORMATION:		Entry into a Material Definitive Agreement
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
FILED AS OF DATE:		20170328
DATE AS OF CHANGE:		20170328

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			USA TECHNOLOGIES INC
		CENTRAL INDEX KEY:			0000896429
		STANDARD INDUSTRIAL CLASSIFICATION:	CALCULATING & ACCOUNTING MACHINES (NO ELECTRONIC COMPUTERS) [3578]
		IRS NUMBER:				232679963
		STATE OF INCORPORATION:			PA
		FISCAL YEAR END:			0630

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-33365
		FILM NUMBER:		17719813

	BUSINESS ADDRESS:	
		STREET 1:		100 DEERFIELD LANE
		STREET 2:		SUITE 300
		CITY:			MALVERN
		STATE:			PA
		ZIP:			19355
		BUSINESS PHONE:		6109890340

	MAIL ADDRESS:	
		STREET 1:		100 DEERFIELD LANE
		STREET 2:		SUITE 300
		CITY:			MALVERN
		STATE:			PA
		ZIP:			19355

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	USA ENTERTAINMENT CENTER INC
		DATE OF NAME CHANGE:	19931029
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>usat-20170324x8k.htm
<DESCRIPTION>8-K
<TEXT>
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			Ex 10-1
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	<body><div style="margin-left:11.7647058823529%;margin-right:11.7647058823529%;"></div><div style="margin-left:11.7647058823529%;margin-right:11.7647058823529%;">
		<p style="margin:12.8pt 360pt 0pt 0pt;punctuation-wrap:hanging;line-height:13pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;font-size:11.5pt;">March 3, 2017</font>
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			<font style="display:inline;font-size:11.5pt;">Mrs. Priyanka Singh </font>
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		<p style="margin:0pt 360pt 0pt 0pt;punctuation-wrap:hanging;line-height:13pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;font-size:11.5pt;">8 Shelley Court</font>
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		<p style="margin:0pt;punctuation-wrap:hanging;line-height:13pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;font-size:11.5pt;">Princeton Junction, NJ 08550</font>
		</p>
		<p style="margin:26pt 0pt 0pt;punctuation-wrap:hanging;line-height:13.1pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;font-size:11.5pt;">Dear Priyanka:</font>
		</p>
		<p style="margin:13.45pt 14.4pt 0pt 0pt;punctuation-wrap:hanging;line-height:12.9pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;font-size:11.5pt;">I am pleased to extend to you an offer of employment to join USA Technologies, Inc. (&#x201C;USAT&#x201D;) as Chief Financial Officer. In your role as Chief Financial Officer, you will report to the Chairman and CEO of the Company. Your first day of employment will be March 31, 2017.</font>
		</p>
		<p style="margin:13.2pt 14.4pt 0pt 0pt;punctuation-wrap:hanging;line-height:12.75pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;font-size:11.5pt;">This offer is contingent upon approval of this letter by our Board of Directors which is expected to be no later than Monday, March 13, 2017.</font>
		</p>
		<p style="margin:13.05pt 0pt 0pt;punctuation-wrap:hanging;line-height:13.2pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;font-size:11.5pt;">The following are the terms of your employment:</font>
		</p>
		<p style="margin:11.7pt 14.4pt 0pt 54pt;punctuation-wrap:hanging;line-height:15.2pt;text-indent: -18pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;font-size:11.5pt;font-family:Symbol;">&#xF0B7;</font><font style="display:inline;font-size:11.5pt;">&nbsp;&nbsp;&nbsp;&nbsp;Your annual base salary will be $275,000.</font>
		</p>
		<p style="margin:11.7pt 14.4pt 0pt 54pt;punctuation-wrap:hanging;line-height:15.2pt;text-indent: -18pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;font-size:11.5pt;font-family:Symbol;">&#xF0B7;</font><font style="display:inline;font-size:11.5pt;">&nbsp;&nbsp;&nbsp;&nbsp;Signing bonus $80,000 ($20,000 upon signing and Board approval and $10,000 a month for six months).</font>
		</p>
		<p style="margin:11.7pt 14.4pt 0pt 54pt;punctuation-wrap:hanging;line-height:15.2pt;text-indent: -18pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;font-size:11.5pt;font-family:Symbol;">&#xF0B7;</font><font style="display:inline;font-size:11.5pt;">&nbsp;&nbsp;&nbsp;&nbsp;You will participate in the Short-Term Incentive Plan for executive officers of USAT. If the target goals would be achieved, you would earn a cash bonus equal to 30% of your base salary. For Fiscal Year 2017, your STI award would be pro-rated from January 1, 2017 through the end of the Company's Fiscal Year June 30, 2017.</font>
		</p>
		<p style="margin:11.7pt 14.4pt 0pt 54pt;punctuation-wrap:hanging;line-height:15.2pt;text-indent: -18pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;font-size:11.5pt;font-family:Symbol;">&#xF0B7;</font><font style="display:inline;font-size:11.5pt;">&nbsp;&nbsp;&nbsp;&nbsp;You will participate in the Long-Term Incentive Stock Plan for executive officers of USAT. For Fiscal Year 2017, your LTI award would be pro-rated from January 1, 2017 through the end of the Company's Fiscal Year, June 30, 2017. If the year-over-year percentage target goals would be achieved, you would earn an award of shares with a value equal to 75% of your base salary. The shares would vest as follows, provided that you are employed by USAT on the respective vesting dates: one-third at the time of issuance; one-third on June 30, 2018; and one-third on June 30, 2019.</font>
		</p>
		<p style="margin:11.7pt 14.4pt 0pt 54pt;punctuation-wrap:hanging;line-height:15.2pt;text-indent: -18pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;font-size:11.5pt;font-family:Symbol;">&#xF0B7;</font><font style="display:inline;font-size:11.5pt;">&nbsp;&nbsp;&nbsp;&nbsp;You will receive an Equity grant of non-qualified options to purchase up to 75,000 shares of USAT common stock that would vest after one year of employment, be exercisable for seven years following commencement of employment, and have an exercise price set on the day of Board approval.</font>
		</p>
		<p style="margin:11.7pt 14.4pt 0pt 54pt;punctuation-wrap:hanging;line-height:15.2pt;text-indent: -18pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;font-size:11.5pt;font-family:Symbol;">&#xF0B7;</font><font style="display:inline;font-size:11.5pt;">&nbsp;&nbsp;&nbsp;&nbsp;The Compensation Committee of USAT's Board of Directors, in consultation with me, shall annually review your compensation.</font>
		</p>
		<p style="margin:11.7pt 14.4pt 0pt 54pt;punctuation-wrap:hanging;line-height:15.2pt;text-indent: -18pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;font-size:11.5pt;font-family:Symbol;">&#xF0B7;</font><font style="display:inline;font-size:11.5pt;">&nbsp;&nbsp;&nbsp;&nbsp;You would be covered by and entitled to all of the fringe benefits that are generally </font></p></div><div style="margin-left:11.7647058823529%;margin-right:11.7647058823529%;">
		<p><font size="1"> </font></p></div><div style="margin-left:11.7647058823529%;margin-right:11.7647058823529%;"><hr align="center" style='background-color:#000000; border-width:0; color:#000000; height:2pt; lineheight:0; width:100%;'></hr><p style="page-break-after:always">&nbsp;</p></div><div style="margin-left:11.7647058823529%;margin-right:11.7647058823529%;"></div><div style="margin-left:11.7647058823529%;margin-right:11.7647058823529%;"><p style="margin:11.7pt 14.4pt 0pt 54pt;punctuation-wrap:hanging;line-height:15.2pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman,Times,serif;font-size: 11pt;"><font style="display:inline;font-size:11.5pt;">available to USAT employees, including health insurance, dental insurance, group life&nbsp;and disability insurance, and matching 401(k) plan. Please note that USAT's benefits program is subject to change and any such change would supersede this letter.</font>
		</p>
		<p style="margin:11.7pt 14.4pt 0pt 54pt;punctuation-wrap:hanging;line-height:15.2pt;text-indent: -18pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;font-size:11.5pt;font-family:Symbol;">&#xF0B7;</font><font style="display:inline;font-size:11.5pt;">&nbsp;&nbsp;&nbsp;&nbsp;You will be covered as an executive officer of USAT under our Directors </font><font style="display:inline;font-style:italic;font-size:11.5pt;">&amp; &nbsp;</font><font style="display:inline;font-size:11.5pt;">Officers liability insurance policy.</font>
		</p>
		<p style="margin:11.7pt 14.4pt 0pt 54pt;punctuation-wrap:hanging;line-height:15.2pt;text-indent: -18pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;font-size:11.5pt;font-family:Symbol;">&#xF0B7;</font><font style="display:inline;font-size:11.5pt;">&nbsp;&nbsp;&nbsp;&nbsp;The term of your employment with USAT shall be for a period of one year, and shall continue thereafter for consecutive one year periods unless terminated by you or USAT upon at least 90-days' notice prior to the end of the initial one year employment period or any one year extension thereof. Your employment may also be terminated at any time upon notice to you from USAT for "cause" which shall mean any of the following have occurred or exist as determined by USAT: (A) your fraud, gross malfeasance, or willful misconduct, with respect to USAT's business; (B) any material breach by you of this letter or any policy of USAT; (C) any violation by you of any law, rule or regulation,&nbsp;which violation results or could reasonably be expected to result, in material harm to the&nbsp;business or reputation of USAT; (D) conviction of or the entry of a guilty plea or plea of no contest to any felony or to any other crime involving moral turpitude; or (E) any&nbsp;intentional misapplication by you of USAT's funds, or any material act of dishonesty&nbsp;committed by you. If USAT would terminate your employment without cause at least 90 days prior to the end of the initial year or any one year extension of the contract (i.e., the&nbsp;contract has not been renewed for an additional year), then USAT would continue to pay&nbsp;to you your base salary and provide to you all of the benefits referred to in this letter through the end of such one year employment period. If the notice to terminate your&nbsp;employment without cause is given by USAT less than 90 clays prior to the end of the initial year or any one year extension of the contract (i.e., the contract has been renewed for additional year), then USAT would continue to pay to you your base salary and provide to you all of the benefits referred to in this letter through the end of such additional one year employment period.</font>
		</p>
		<p style="margin:11.7pt 14.4pt 0pt 54pt;punctuation-wrap:hanging;line-height:15.2pt;text-indent: -18pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;font-size:11.5pt;font-family:Symbol;">&#xF0B7;</font><font style="display:inline;font-size:11.5pt;">&nbsp;&nbsp;&nbsp;&nbsp;You will devote your full time, energy, skills and attention to the business of USAT, and shall not be engaged or employed in any other business activity whatsoever, whether or not such activity is pursued for gain, profit or other pecuniary advantage.</font>
		</p>
		<p style="margin:11.7pt 14.4pt 0pt 54pt;punctuation-wrap:hanging;line-height:15.2pt;text-indent: -18pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;font-size:11.5pt;font-family:Symbol;">&#xF0B7;</font><font style="display:inline;font-size:11.5pt;">&nbsp;&nbsp;&nbsp;&nbsp;As all USAT employees, you will be required, as a condition of your employment with USAT, to sign the Receipt and Acknowledgement of USAT's Employee Manual and Code of Ethics. Your offer of employment with USAT will be conditioned upon a customary background investigation.</font>
		</p>
		<p style="margin:11.7pt 14.4pt 0pt 54pt;punctuation-wrap:hanging;line-height:15.2pt;text-indent: -18pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;font-size:11.5pt;font-family:Symbol;">&#xF0B7;</font><font style="display:inline;font-size:11.5pt;">&nbsp;&nbsp;&nbsp;&nbsp;Except in connection with your duties as Chief Financial Officer, you shall not, directly or indirectly, at any time from and after the date hereof, and whether or not your employment with USAT has been terminated or has expired for any reason whatsoever, make any use of, exploit, disclose, or divulge to any other person, firm, or corporation, </font></p></div><div style="margin-left:11.7647058823529%;margin-right:11.7647058823529%;">
		<p><font size="1"> </font></p></div><div style="margin-left:11.7647058823529%;margin-right:11.7647058823529%;"><hr align="center" style='background-color:#000000; border-width:0; color:#000000; height:2pt; lineheight:0; width:100%;'></hr><p style="page-break-after:always">&nbsp;</p></div><div style="margin-left:11.7647058823529%;margin-right:11.7647058823529%;"></div><div style="margin-left:11.7647058823529%;margin-right:11.7647058823529%;"><p style="margin:11.7pt 14.4pt 0pt 54pt;punctuation-wrap:hanging;line-height:15.2pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman,Times,serif;font-size: 11pt;"><font style="display:inline;font-size:11.5pt;">any confidential information, including but not limited to, proprietary information, trade secrets, business secrets, financial information, financial projections, documents, processes, procedures, know-how, data, marketing information, marketing methods, </font><font style="display:inline;font-size:10.5pt;">marketing means, software information, intellectual property, special arrangements, or any other confidential information concerning the business or policies of USAT, or concerning USAT&#x2019;s customers, clients, accounts, or suppliers, that you learned as a result of, in connection with, or through your employment with USAT, but not information that can be shown through documentary evidence to be in the public domain, or information that falls into the public domain, unless such information falls into the public domain by your direct or indirect disclosure or other acts. You agree to use your best endeavors to prevent the unauthorized disclosure or publication of confidential information and not to copy or remove confidential information from USAT's premises, whether physically or&nbsp;electronically, without the express written permission of USAT.</font>
		</p>
		<p style="margin:11.7pt 14.4pt 0pt 54pt;punctuation-wrap:hanging;line-height:15.2pt;text-indent: -18pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;font-size:11.5pt;font-family:Symbol;">&#xF0B7;</font><font style="display:inline;font-size:11.5pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font><font style="display:inline;font-size:10.5pt;">You acknowledge that you have reviewed the following policies of USAT, and agree to&nbsp;comply with these (and any other applicable) policies: Code of Business Conduct and Ethics, as amended; Blackout Period and Notification Policy; and Stock Ownership Guidelines for Directors and Executive Officers.</font>
		</p>
		<p style="margin:11.7pt 14.4pt 0pt 54pt;punctuation-wrap:hanging;line-height:15.2pt;text-indent: -18pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;font-size:11.5pt;font-family:Symbol;">&#xF0B7;</font><font style="display:inline;font-size:11.5pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font><font style="display:inline;font-size:10.5pt;">You represent and warrant to USAT that you are not as of the date of this letter a party to or subject to any employment, non-compete, or similar agreement that would limit or prohibit, in whole or in part, the performance of your employment duties or responsibilities.</font>
		</p>
		<p style="margin:11.8pt 3.6pt 0pt 7.2pt;punctuation-wrap:hanging;line-height:13.05pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;font-size:10.5pt;">This letter constitutes our entire agreement and understanding regarding the matters addressed herein, and merges and supersedes all prior or contemporaneous discussions, agreements and understandings of every nature between us regarding these matters.</font>
		</p>
		<p style="margin:13.35pt 3.6pt 0pt 7.2pt;punctuation-wrap:hanging;line-height:13pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;font-size:10.5pt;">This letter will be governed by, and enforced in accordance with, the laws of the Commonwealth of Pennsylvania, without regard to the application of the principles of conflicts of laws.</font>
		</p>
		<p style="margin:13pt 3.6pt 0pt 7.2pt;punctuation-wrap:hanging;line-height:12.95pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;font-size:10.5pt;">Priyanka, we are very much looking forward to your joining the USAT team! Please indicate your written acceptance by signing this letter and returning it to me by email.</font>
		</p>
		<p style="margin:13pt 3.6pt 0pt 7.2pt;punctuation-wrap:hanging;line-height:12.95pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;font-size:10.5pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 7.2pt;punctuation-wrap:hanging;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;font-size:10.5pt;">Sincerely,</font>
		</p>
		<p style="margin:0pt 0pt 0pt 7.2pt;punctuation-wrap:hanging;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;font-size:10.5pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 7.2pt;punctuation-wrap:hanging;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;font-size:10.5pt;text-decoration:underline;">/s/ Stephen P. Herbert</font>
		</p>
		<p style="margin:0pt 0pt 0pt 7.2pt;punctuation-wrap:hanging;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;font-size:10.5pt;">Stephen P. Herbert</font>
		</p>
		<p style="margin:0pt 0pt 0pt 7.2pt;punctuation-wrap:hanging;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;font-size:10.5pt;">Chairman and Chief Executive Officer</font>
		</p>
		<p style="margin:0pt 0pt 0pt 7.2pt;punctuation-wrap:hanging;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;font-size:10.5pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 7.2pt;punctuation-wrap:hanging;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;font-size:10.5pt;">Accepted and Agreed to:</font>
		</p>
		<p style="margin:0pt 0pt 0pt 7.2pt;punctuation-wrap:hanging;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;font-size:10.5pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 7.2pt;punctuation-wrap:hanging;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;font-size:10.5pt;text-decoration:underline;">/s/Priyanka Singh</font>
		</p>
		<p style="margin:0pt 0pt 0pt 7.2pt;punctuation-wrap:hanging;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;font-size:10.5pt;">Priyanka Singh</font>
		</p>
		<p style="margin:0pt 0pt 0pt 7.2pt;punctuation-wrap:hanging;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;font-size:10.5pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 7.2pt;punctuation-wrap:hanging;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;font-size:10.5pt;">Dated: 3/3/2017</font>
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<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>usat-20170324ex101b4c96e.htm
<DESCRIPTION>EX-10.1
<TEXT>
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			Ex 10-1
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	<body><div style="margin-left:11.7647058823529%;margin-right:11.7647058823529%;"></div><div style="margin-left:11.7647058823529%;margin-right:11.7647058823529%;">
		<p style="margin:12.8pt 360pt 0pt 0pt;punctuation-wrap:hanging;line-height:13pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;font-size:11.5pt;">March 3, 2017</font>
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			<font style="display:inline;font-size:11.5pt;">Mrs. Priyanka Singh </font>
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		<p style="margin:0pt 360pt 0pt 0pt;punctuation-wrap:hanging;line-height:13pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;font-size:11.5pt;">8 Shelley Court</font>
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			<font style="display:inline;font-size:11.5pt;">Princeton Junction, NJ 08550</font>
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		<p style="margin:26pt 0pt 0pt;punctuation-wrap:hanging;line-height:13.1pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;font-size:11.5pt;">Dear Priyanka:</font>
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		<p style="margin:13.45pt 14.4pt 0pt 0pt;punctuation-wrap:hanging;line-height:12.9pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;font-size:11.5pt;">I am pleased to extend to you an offer of employment to join USA Technologies, Inc. (&#x201C;USAT&#x201D;) as Chief Financial Officer. In your role as Chief Financial Officer, you will report to the Chairman and CEO of the Company. Your first day of employment will be March 31, 2017.</font>
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			<font style="display:inline;font-size:11.5pt;">This offer is contingent upon approval of this letter by our Board of Directors which is expected to be no later than Monday, March 13, 2017.</font>
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		<p style="margin:13.05pt 0pt 0pt;punctuation-wrap:hanging;line-height:13.2pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;font-size:11.5pt;">The following are the terms of your employment:</font>
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		<p style="margin:11.7pt 14.4pt 0pt 54pt;punctuation-wrap:hanging;line-height:15.2pt;text-indent: -18pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;font-size:11.5pt;font-family:Symbol;">&#xF0B7;</font><font style="display:inline;font-size:11.5pt;">&nbsp;&nbsp;&nbsp;&nbsp;Your annual base salary will be $275,000.</font>
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		<p style="margin:11.7pt 14.4pt 0pt 54pt;punctuation-wrap:hanging;line-height:15.2pt;text-indent: -18pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;font-size:11.5pt;font-family:Symbol;">&#xF0B7;</font><font style="display:inline;font-size:11.5pt;">&nbsp;&nbsp;&nbsp;&nbsp;Signing bonus $80,000 ($20,000 upon signing and Board approval and $10,000 a month for six months).</font>
		</p>
		<p style="margin:11.7pt 14.4pt 0pt 54pt;punctuation-wrap:hanging;line-height:15.2pt;text-indent: -18pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;font-size:11.5pt;font-family:Symbol;">&#xF0B7;</font><font style="display:inline;font-size:11.5pt;">&nbsp;&nbsp;&nbsp;&nbsp;You will participate in the Short-Term Incentive Plan for executive officers of USAT. If the target goals would be achieved, you would earn a cash bonus equal to 30% of your base salary. For Fiscal Year 2017, your STI award would be pro-rated from January 1, 2017 through the end of the Company's Fiscal Year June 30, 2017.</font>
		</p>
		<p style="margin:11.7pt 14.4pt 0pt 54pt;punctuation-wrap:hanging;line-height:15.2pt;text-indent: -18pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;font-size:11.5pt;font-family:Symbol;">&#xF0B7;</font><font style="display:inline;font-size:11.5pt;">&nbsp;&nbsp;&nbsp;&nbsp;You will participate in the Long-Term Incentive Stock Plan for executive officers of USAT. For Fiscal Year 2017, your LTI award would be pro-rated from January 1, 2017 through the end of the Company's Fiscal Year, June 30, 2017. If the year-over-year percentage target goals would be achieved, you would earn an award of shares with a value equal to 75% of your base salary. The shares would vest as follows, provided that you are employed by USAT on the respective vesting dates: one-third at the time of issuance; one-third on June 30, 2018; and one-third on June 30, 2019.</font>
		</p>
		<p style="margin:11.7pt 14.4pt 0pt 54pt;punctuation-wrap:hanging;line-height:15.2pt;text-indent: -18pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;font-size:11.5pt;font-family:Symbol;">&#xF0B7;</font><font style="display:inline;font-size:11.5pt;">&nbsp;&nbsp;&nbsp;&nbsp;You will receive an Equity grant of non-qualified options to purchase up to 75,000 shares of USAT common stock that would vest after one year of employment, be exercisable for seven years following commencement of employment, and have an exercise price set on the day of Board approval.</font>
		</p>
		<p style="margin:11.7pt 14.4pt 0pt 54pt;punctuation-wrap:hanging;line-height:15.2pt;text-indent: -18pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;font-size:11.5pt;font-family:Symbol;">&#xF0B7;</font><font style="display:inline;font-size:11.5pt;">&nbsp;&nbsp;&nbsp;&nbsp;The Compensation Committee of USAT's Board of Directors, in consultation with me, shall annually review your compensation.</font>
		</p>
		<p style="margin:11.7pt 14.4pt 0pt 54pt;punctuation-wrap:hanging;line-height:15.2pt;text-indent: -18pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;font-size:11.5pt;font-family:Symbol;">&#xF0B7;</font><font style="display:inline;font-size:11.5pt;">&nbsp;&nbsp;&nbsp;&nbsp;You would be covered by and entitled to all of the fringe benefits that are generally </font></p></div><div style="margin-left:11.7647058823529%;margin-right:11.7647058823529%;">
		<p><font size="1"> </font></p></div><div style="margin-left:11.7647058823529%;margin-right:11.7647058823529%;"><hr align="center" style='background-color:#000000; border-width:0; color:#000000; height:2pt; lineheight:0; width:100%;'></hr><p style="page-break-after:always">&nbsp;</p></div><div style="margin-left:11.7647058823529%;margin-right:11.7647058823529%;"></div><div style="margin-left:11.7647058823529%;margin-right:11.7647058823529%;"><p style="margin:11.7pt 14.4pt 0pt 54pt;punctuation-wrap:hanging;line-height:15.2pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman,Times,serif;font-size: 11pt;"><font style="display:inline;font-size:11.5pt;">available to USAT employees, including health insurance, dental insurance, group life&nbsp;and disability insurance, and matching 401(k) plan. Please note that USAT's benefits program is subject to change and any such change would supersede this letter.</font>
		</p>
		<p style="margin:11.7pt 14.4pt 0pt 54pt;punctuation-wrap:hanging;line-height:15.2pt;text-indent: -18pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;font-size:11.5pt;font-family:Symbol;">&#xF0B7;</font><font style="display:inline;font-size:11.5pt;">&nbsp;&nbsp;&nbsp;&nbsp;You will be covered as an executive officer of USAT under our Directors </font><font style="display:inline;font-style:italic;font-size:11.5pt;">&amp; &nbsp;</font><font style="display:inline;font-size:11.5pt;">Officers liability insurance policy.</font>
		</p>
		<p style="margin:11.7pt 14.4pt 0pt 54pt;punctuation-wrap:hanging;line-height:15.2pt;text-indent: -18pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;font-size:11.5pt;font-family:Symbol;">&#xF0B7;</font><font style="display:inline;font-size:11.5pt;">&nbsp;&nbsp;&nbsp;&nbsp;The term of your employment with USAT shall be for a period of one year, and shall continue thereafter for consecutive one year periods unless terminated by you or USAT upon at least 90-days' notice prior to the end of the initial one year employment period or any one year extension thereof. Your employment may also be terminated at any time upon notice to you from USAT for "cause" which shall mean any of the following have occurred or exist as determined by USAT: (A) your fraud, gross malfeasance, or willful misconduct, with respect to USAT's business; (B) any material breach by you of this letter or any policy of USAT; (C) any violation by you of any law, rule or regulation,&nbsp;which violation results or could reasonably be expected to result, in material harm to the&nbsp;business or reputation of USAT; (D) conviction of or the entry of a guilty plea or plea of no contest to any felony or to any other crime involving moral turpitude; or (E) any&nbsp;intentional misapplication by you of USAT's funds, or any material act of dishonesty&nbsp;committed by you. If USAT would terminate your employment without cause at least 90 days prior to the end of the initial year or any one year extension of the contract (i.e., the&nbsp;contract has not been renewed for an additional year), then USAT would continue to pay&nbsp;to you your base salary and provide to you all of the benefits referred to in this letter through the end of such one year employment period. If the notice to terminate your&nbsp;employment without cause is given by USAT less than 90 clays prior to the end of the initial year or any one year extension of the contract (i.e., the contract has been renewed for additional year), then USAT would continue to pay to you your base salary and provide to you all of the benefits referred to in this letter through the end of such additional one year employment period.</font>
		</p>
		<p style="margin:11.7pt 14.4pt 0pt 54pt;punctuation-wrap:hanging;line-height:15.2pt;text-indent: -18pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;font-size:11.5pt;font-family:Symbol;">&#xF0B7;</font><font style="display:inline;font-size:11.5pt;">&nbsp;&nbsp;&nbsp;&nbsp;You will devote your full time, energy, skills and attention to the business of USAT, and shall not be engaged or employed in any other business activity whatsoever, whether or not such activity is pursued for gain, profit or other pecuniary advantage.</font>
		</p>
		<p style="margin:11.7pt 14.4pt 0pt 54pt;punctuation-wrap:hanging;line-height:15.2pt;text-indent: -18pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;font-size:11.5pt;font-family:Symbol;">&#xF0B7;</font><font style="display:inline;font-size:11.5pt;">&nbsp;&nbsp;&nbsp;&nbsp;As all USAT employees, you will be required, as a condition of your employment with USAT, to sign the Receipt and Acknowledgement of USAT's Employee Manual and Code of Ethics. Your offer of employment with USAT will be conditioned upon a customary background investigation.</font>
		</p>
		<p style="margin:11.7pt 14.4pt 0pt 54pt;punctuation-wrap:hanging;line-height:15.2pt;text-indent: -18pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;font-size:11.5pt;font-family:Symbol;">&#xF0B7;</font><font style="display:inline;font-size:11.5pt;">&nbsp;&nbsp;&nbsp;&nbsp;Except in connection with your duties as Chief Financial Officer, you shall not, directly or indirectly, at any time from and after the date hereof, and whether or not your employment with USAT has been terminated or has expired for any reason whatsoever, make any use of, exploit, disclose, or divulge to any other person, firm, or corporation, </font></p></div><div style="margin-left:11.7647058823529%;margin-right:11.7647058823529%;">
		<p><font size="1"> </font></p></div><div style="margin-left:11.7647058823529%;margin-right:11.7647058823529%;"><hr align="center" style='background-color:#000000; border-width:0; color:#000000; height:2pt; lineheight:0; width:100%;'></hr><p style="page-break-after:always">&nbsp;</p></div><div style="margin-left:11.7647058823529%;margin-right:11.7647058823529%;"></div><div style="margin-left:11.7647058823529%;margin-right:11.7647058823529%;"><p style="margin:11.7pt 14.4pt 0pt 54pt;punctuation-wrap:hanging;line-height:15.2pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman,Times,serif;font-size: 11pt;"><font style="display:inline;font-size:11.5pt;">any confidential information, including but not limited to, proprietary information, trade secrets, business secrets, financial information, financial projections, documents, processes, procedures, know-how, data, marketing information, marketing methods, </font><font style="display:inline;font-size:10.5pt;">marketing means, software information, intellectual property, special arrangements, or any other confidential information concerning the business or policies of USAT, or concerning USAT&#x2019;s customers, clients, accounts, or suppliers, that you learned as a result of, in connection with, or through your employment with USAT, but not information that can be shown through documentary evidence to be in the public domain, or information that falls into the public domain, unless such information falls into the public domain by your direct or indirect disclosure or other acts. You agree to use your best endeavors to prevent the unauthorized disclosure or publication of confidential information and not to copy or remove confidential information from USAT's premises, whether physically or&nbsp;electronically, without the express written permission of USAT.</font>
		</p>
		<p style="margin:11.7pt 14.4pt 0pt 54pt;punctuation-wrap:hanging;line-height:15.2pt;text-indent: -18pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;font-size:11.5pt;font-family:Symbol;">&#xF0B7;</font><font style="display:inline;font-size:11.5pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font><font style="display:inline;font-size:10.5pt;">You acknowledge that you have reviewed the following policies of USAT, and agree to&nbsp;comply with these (and any other applicable) policies: Code of Business Conduct and Ethics, as amended; Blackout Period and Notification Policy; and Stock Ownership Guidelines for Directors and Executive Officers.</font>
		</p>
		<p style="margin:11.7pt 14.4pt 0pt 54pt;punctuation-wrap:hanging;line-height:15.2pt;text-indent: -18pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;font-size:11.5pt;font-family:Symbol;">&#xF0B7;</font><font style="display:inline;font-size:11.5pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font><font style="display:inline;font-size:10.5pt;">You represent and warrant to USAT that you are not as of the date of this letter a party to or subject to any employment, non-compete, or similar agreement that would limit or prohibit, in whole or in part, the performance of your employment duties or responsibilities.</font>
		</p>
		<p style="margin:11.8pt 3.6pt 0pt 7.2pt;punctuation-wrap:hanging;line-height:13.05pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;font-size:10.5pt;">This letter constitutes our entire agreement and understanding regarding the matters addressed herein, and merges and supersedes all prior or contemporaneous discussions, agreements and understandings of every nature between us regarding these matters.</font>
		</p>
		<p style="margin:13.35pt 3.6pt 0pt 7.2pt;punctuation-wrap:hanging;line-height:13pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;font-size:10.5pt;">This letter will be governed by, and enforced in accordance with, the laws of the Commonwealth of Pennsylvania, without regard to the application of the principles of conflicts of laws.</font>
		</p>
		<p style="margin:13pt 3.6pt 0pt 7.2pt;punctuation-wrap:hanging;line-height:12.95pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;font-size:10.5pt;">Priyanka, we are very much looking forward to your joining the USAT team! Please indicate your written acceptance by signing this letter and returning it to me by email.</font>
		</p>
		<p style="margin:13pt 3.6pt 0pt 7.2pt;punctuation-wrap:hanging;line-height:12.95pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;font-size:10.5pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 7.2pt;punctuation-wrap:hanging;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;font-size:10.5pt;">Sincerely,</font>
		</p>
		<p style="margin:0pt 0pt 0pt 7.2pt;punctuation-wrap:hanging;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;font-size:10.5pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 7.2pt;punctuation-wrap:hanging;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;font-size:10.5pt;text-decoration:underline;">/s/ Stephen P. Herbert</font>
		</p>
		<p style="margin:0pt 0pt 0pt 7.2pt;punctuation-wrap:hanging;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;font-size:10.5pt;">Stephen P. Herbert</font>
		</p>
		<p style="margin:0pt 0pt 0pt 7.2pt;punctuation-wrap:hanging;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;font-size:10.5pt;">Chairman and Chief Executive Officer</font>
		</p>
		<p style="margin:0pt 0pt 0pt 7.2pt;punctuation-wrap:hanging;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;font-size:10.5pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 7.2pt;punctuation-wrap:hanging;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;font-size:10.5pt;">Accepted and Agreed to:</font>
		</p>
		<p style="margin:0pt 0pt 0pt 7.2pt;punctuation-wrap:hanging;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;font-size:10.5pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 7.2pt;punctuation-wrap:hanging;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;font-size:10.5pt;text-decoration:underline;">/s/Priyanka Singh</font>
		</p>
		<p style="margin:0pt 0pt 0pt 7.2pt;punctuation-wrap:hanging;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;font-size:10.5pt;">Priyanka Singh</font>
		</p>
		<p style="margin:0pt 0pt 0pt 7.2pt;punctuation-wrap:hanging;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;font-size:10.5pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 7.2pt;punctuation-wrap:hanging;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;font-size:10.5pt;">Dated: 3/3/2017</font>
		</p></div><div style="margin-left:11.7647058823529%;margin-right:11.7647058823529%;">
		<p><font size="1"> </font></p></div><div style="margin-left:11.7647058823529%;margin-right:11.7647058823529%;"><hr align="center" style='background-color:#000000; border-width:0; color:#000000; height:2pt; lineheight:0; width:100%;'></hr></div>
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>3
<FILENAME>usat-20170324ex991eb463b.htm
<DESCRIPTION>EX-99.1
<TEXT>
<!--HTML document created with Merrill Bridge  6.4.50.0-->
<!--Created on: 3/28/2017 5:11:31 PM-->
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		<title>
			Ex 99-1
		</title>
	</head>
	<body><div style="margin-left:14.7058823529412%;margin-right:14.7058823529412%;"></div><div style="margin-left:14.7058823529412%;margin-right:14.7058823529412%;">
		<p style="margin:0pt;text-align:center;font-family:Cambria;font-size: 14pt;">
			<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;font-size:14pt;">USA Technologies Appoints Priyanka Singh As Chief Financial Officer</font>
		</p>
		<p style="margin:0pt;text-align:center;font-family:Cambria;font-size: 10pt;">
			<font style="display:inline;font-family:Courier;font-size:10pt;">&nbsp;</font>
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		<p style="margin:0pt;text-align:center;font-family:Cambria;font-size: 12pt;">
			<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-style:italic;">Finance Veteran Brings Payments Experience to the Position</font>
		</p>
		<p style="margin:0pt;line-height:115%;font-family:Cambria;font-size: 10pt;">
			<font style="display:inline;font-family:Courier;font-size:10pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;line-height:115%;text-align:justify;text-justify:inter-ideograph;color:#000000;font-family:Cambria;font-size: 12pt;">
			<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;">MALVERN, Pa. &#x2013; MARCH 28, 2017</font><font style="display:inline;font-family:Arial,Helvetica,sans-serif;"> &nbsp;&#x2013;&nbsp;</font><font style="color:#0563C1;text-decoration:underline;display:inline;font-family:Arial,Helvetica,sans-serif;">USA Technologies, Inc.</font><font style="display:inline;font-family:Arial,Helvetica,sans-serif;"> (NASDAQ:USAT) ("USAT"), a payment technology provider of cashless and mobile transactions in self-serve retail, today announced that Priyanka Singh has been appointed as the company&#x2019;s new Chief Financial Officer, effective March 31, 2017. &nbsp; She replaces interim CFO, Leland P. Maxwell, who will continue with USAT in a senior finance role. </font>
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			<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">&nbsp;</font>
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		<p style="margin:0pt;line-height:115%;text-align:justify;text-justify:inter-ideograph;color:#000000;font-family:Cambria;font-size: 12pt;">
			<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Ms. Singh brings over 15 years of finance and accounting experience to the position, &nbsp;including five years in the payments industry. She joins the company from Global Payments Inc., a leading worldwide provider of payment technology solutions. Following the acquisition by Global Payments of Heartland Payment Systems in 2016, Ms. Singh was&nbsp;Vice President, Product Strategy and Innovation and Division CFO for Heartland Commerce, which focuses on point of sale solutions. Prior to the acquisition, she spent five years at Heartland Payment Systems, most recently as the&nbsp;Divisional CFO of the Heartland Commerce units&nbsp;and prior thereto as Vice President, Financial Planning and Analysis. Previous to that, she spent several years with General Electric in various leadership roles at both GE Capital and GE Healthcare, focusing on financial planning and analysis, accounting, controllership, internal auditing and SOX compliance. Ms. Singh is a Certified Public Accountant and a member of the AICPA</font><font style="display:inline;font-family:Arial,Helvetica,sans-serif;">.</font>
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			<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">&nbsp;</font>
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		<p style="margin:0pt;line-height:115%;text-align:justify;text-justify:inter-ideograph;font-family:Cambria;font-size: 12pt;">
			<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">&#x201C;I am delighted to welcome Priyanka Singh as USA Technologies&#x2019; new CFO,&#x201D; said Stephen P. Herbert,&nbsp;Chairman and Chief Executive Officer, USA Technologies. &nbsp;&#x201C;She has an impressive background in payments, which complements our business as well as our long-term objectives. Priyanka brings with her a wealth of experience that I am sure will serve us well, as our operations continue to grow. I would also like to thank Leland Maxwell for his dedicated service as our interim CFO and am delighted that he will continue with USAT as Senior &nbsp;Vice President of Finance.&nbsp;</font>
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			<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">&nbsp;</font>
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			<font style="display:inline;font-family:Helvetica;">&#x201C;I am thrilled to join the USA Technologies team, and look forward to helping bring further&nbsp;financial and operational efficiencies to the business,&#x201D; said Ms. Singh.&nbsp;&#x201C;This is an exciting time for the&nbsp;industry, and USAT&#x2019;s market leading solution positions the&nbsp;company well to continue building on the growth and shareholder value that it has delivered over the last several years."</font><font style="display:inline;font-family:Arial,Helvetica,sans-serif;">&nbsp;</font>
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			<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">&nbsp;</font>
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			<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">&nbsp;</font>
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			<font style="display:inline;"></font></p></div><div style="margin-left:14.7058823529412%;margin-right:14.7058823529412%;">
		<p><font size="1"> </font></p></div><div style="margin-left:14.7058823529412%;margin-right:14.7058823529412%;"><hr align="center" style='background-color:#000000; border-width:0; color:#000000; height:2pt; lineheight:0; width:100%;'></hr><p style="page-break-after:always">&nbsp;</p></div><div style="margin-left:14.7058823529412%;margin-right:14.7058823529412%;"></div><div style="margin-left:14.7058823529412%;margin-right:14.7058823529412%;"><p style="margin:0pt;font-family:Cambria;font-size: 12pt;"><font style="display:inline;"></font>
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		<p style="margin:0pt;color:#000000;font-family:Cambria;font-size: 12pt;">
			<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;">About USA Technologies:</font>
		</p>
		<p style="margin:0pt;line-height:115%;text-align:justify;text-justify:inter-ideograph;color:#000000;font-family:Cambria;font-size: 12pt;">
			<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">USA Technologies, Inc. is a premier payment technology service provider of integrated cashless and mobile transactions in the self-service retail market. The company also provides a broad line of cashless acceptance technologies including its NFC-ready ePort&#xAE; G-series, ePort Mobile&#x2122; for customers on the go, ePort&#xAE; Interactive, and QuickConnect, an API Web service for developers.&nbsp;USA Technologies has 77 United States and foreign patents in force; and has agreements with Verizon, Visa, Chase Paymentech and customers such as Compass, AMI Entertainment and others. For more information, please visit the website at&nbsp;</font><font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#0000FF;text-decoration:underline;">www.usatech.com</font><font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">.</font>
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			<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">&nbsp;</font>
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		<p style="margin:0pt;text-align:center;color:#000000;font-family:Cambria;font-size: 12pt;">
			<font style="display:inline;"># # #</font>
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			<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">--F-USAT</font>
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		<p style="margin:0pt;color:#000000;font-family:Cambria;font-size: 12pt;">
			<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">&nbsp;</font>
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		<p style="margin:0pt;color:#000000;font-family:Cambria;font-size: 12pt;">
			<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;">Investor Contact:</font>
		</p>
		<p style="margin:0pt;color:#000000;font-family:Cambria;font-size: 12pt;">
			<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Blueshirt Group</font>
		</p>
		<p style="margin:0pt;color:#000000;font-family:Cambria;font-size: 12pt;">
			<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Michael Bishop, +1 415.217.4968</font>
		</p>
		<p style="margin:0pt;color:#000000;font-family:Cambria;font-size: 12pt;">
			<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#0000FF;text-decoration:underline;">mike@blueshirtgroup.com</font><font style="display:inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;color:#000000;font-family:Cambria;font-size: 12pt;">
			<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">&nbsp;</font>
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		<p style="margin:0pt;color:#000000;font-family:Cambria;font-size: 12pt;">
			<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">or </font>
		</p>
		<p style="margin:0pt;color:#000000;font-family:Cambria;font-size: 12pt;">
			<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">&nbsp;</font>
		</p>
		<p style="margin:0pt;color:#000000;font-family:Cambria;font-size: 12pt;">
			<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;color:#000000;">Media Contact:</font>
		</p>
		<p style="margin:0pt;color:#000000;font-family:Cambria;font-size: 12pt;">
			<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">ANW Networks</font>
		</p>
		<p style="margin:0pt;color:#000000;font-family:Cambria;font-size: 12pt;">
			<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">Alicia V. Nieva-Woodgate, +1 415.515.0866</font>
		</p>
		<p style="margin:0pt;color:#000000;font-family:Cambria;font-size: 12pt;">
			<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">alicia@anwnetworks.com</font><font style="display:inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;color:#000000;font-family:Cambria;font-size: 12pt;">
			<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">&nbsp;</font>
		</p>
		<p style="margin:0pt;font-family:Cambria;font-size: 12pt;">
			<font style="display:inline;">&nbsp;</font>
		</p></div><div style="margin-left:14.7058823529412%;margin-right:14.7058823529412%;">
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