13D Filing: Sundara Investment Partners, Llc and Jetpay Corp (NASDAQ:JTPY)

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5
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Except as set forth above, neither any Reporting Person nor, to the best of the Reporting Persons
knowledge, Flexpoint, owns any shares of Common Stock.

Neither the filing of this Statement nor any of its contents shall be deemed to constitute an
admission that any Reporting Person is the beneficial owner of the Series A Preferred Stock or the Common Stock referred to herein for purposes of Section 13(d) of the Exchange Act or for any other purpose, and such beneficial ownership is
expressly disclaimed.

(c) Except as specifically set forth in this Item 5, neither any Reporting Person nor, to the best knowledge of the Reporting
Persons, Flexpoint, has effected any transaction in the Series A Preferred Stock or the Common Stock during the past 60 days.

(d) Inapplicable.

(e) Inapplicable.

Item 6. Contracts,
Arrangements, Understandings or Relationships with respect to the Issuer

Item 6 is hereby amended to add the following
disclosure:

On November 16, 2016, Flexpoint made an indemnification claim against the Issuer pursuant to the Purchase Agreement (the
Second Direct Air Indemnification Claim). As a result of the Second Direct Air Indemnification Claim, the conversion price applicable to the Series A Preferred Stock was adjusted from $2.90 to $2.36 on March 22, 2017, in accordance
with the terms of the Purchase Agreement and the Certificate of Designation of the Series A Preferred Stock.