Extension Agreement for Grant Payment Services between SASSA and Cash Paymaster Services (North West) (Proprietary) Limited
This agreement extends the contract between the South African Social Security Agency (SASSA) and Cash Paymaster Services (North West) (Proprietary) Limited for grant payment services in the North West Province. The contract, originally set to end on March 31, 2008, is extended to March 31, 2009, under the same terms. SASSA may terminate the agreement with 30 days' notice after the first six months or further extend it with 30 days' notice. The service provider has acknowledged and accepted these terms.
Exhibit 10.28
[SASSA LETTERHEAD]
29 February 2008
Attention: Chief Executive Officer
Cash Paymaster Services (North West) (Proprietary) Limited
4th Floor President Place
Corner Jan Smuts Avenue & Bolton Road
Rosebank
c/o 4th Floor President Place
Corner Jan Smuts Avenue & Bolton Road
Rosebank
Johannesburg
Fax: (011) 343 2094
Dear Sir or Madam,
NOTICE OF EXTENSION: GRANT PAYMENT SERVICE PROVIDER CONTRACT FOR NORTH WEST PROVINCE
1. | As you are aware, the South African Social Security Agency (SASSA) came into being on 1 April 2006 through the coming into force of the South African Social Security Agency Act, Act No. 13 of 2004 (the SASSA Act). As a result of this, SASSA replaced the North West Province as a party to the service level agreement entered into with Cash Paymaster Services (North West) (Proprietary) Limited (the service provider) in June 2001. The function of the payment of grants and the responsibility and accountability therefore, now resides with SASSA. | |
2. | This letter serves to confirm that- | |
2.1 | the Agreement shall no longer automatically terminate on 31 March 2008 as provided for in the Letter of Extension dated 1 December 2006; | |
2.2 | the duration of the Agreement is hereby further extended until 31 March 2009 on the same terms and conditions on which the Agreement was entered into, provided that SASSA will have the right to: |
2
2.2.1 | terminate the Agreement on 30-days written notice to the service provider after the initial six months of the extension period within the period referred to above; and | |
2.2.2 | extend the Agreement on 30-days written notice to the service provider. |
3. | Kindly acknowledge your agreement to the extension of the Agreement as provided for in this letter by signing at the foot of this letter where indicated and return same to us by facsimile at ###-###-####, marked for the attention of Mr Stalin Links, before 7 March 2008. |
Yours faithfully
/s/ Fezile Makiwane
___________________________________
MR FEZILE MAKIWANE
CHIEF EXECUTIVE OFFICER
__________________________________________________________________________________
ACKNOWLEDGEMENT OF EXTENSION
By signature below, Cash Paymaster Services (North West) (Proprietary) Limited hereby accepts and consents to the amendment and extension of the Agreement on the terms and conditions contained in this notice.
Name: _N. Pillay__________________
Signature: _/s/ Nanda Pillay__________
For and on behalf of
Cash Paymaster Services (North West) (Proprietary) Ltd,
duly authorized
Date: ___07/03/2008_______________