Addendum dated January 31, 2014, to the Relationship Agreement between Net 1 UEPS Technologies, Inc., Net 1 Applied Technologies South Africa (Proprietary) Limited, Born Free Investments 272 (Pty) Ltd and Mazwi Yako

EX-10.29 3 exhibit10-29.htm EXHIBIT 10.29 Net 1 UEPS Technologies, Inc.: Exhibit 10.29 - Filed by newsfilecorp.com

Exhibit 10.29

ADDENDUM TO THE RELATIONSHIP AGREEMENT

between

NET 1 UEPS TECHNOLOGIES, INC

and

NET1 APPLIED TECHNOLOGIES SOUTH AFRICA (PROPRIETARY) LIMITED

and

BORN FREE INVESTMENTS 272 (PROPRIETARY) LIMITED

and

MAZWI YAKO

1 PARTIES

1.1	The Parties to this addendum are –

1.1.1		Net 1 UEPS Technologies, Inc., a Florida corporation;

1.1.2		Net 1 Applied Technologies South Africa (Proprietary) Limited

1.1.3		Born Free Investments 272 (Proprietary) Limited;

1.1.4		Mazwi Yako; and

1.2	The Parties agree as set out below.

2 INTERPRETATION

In this addendum -

2.1	words and expressions defined in the Agreement, shall, unless otherwise indicated by the context, bear the same meaning in the Addendum;

2.2	"Agreement" means the relationship agreement entered into between the Parties on or about 9 December 2013; and

2.3	"Parties" means the parties to this addendum.

3 VARIATION OF AGREEMENT

The Agreement is hereby amended as follows:

3.1	By substituting the date “31st day of January 2014”, in clause 4.1, with “15th day of March 2014”.

4 SAVINGS CLAUSE

4.1	Save to the extent specifically modified in this Addendum, or unless otherwise agreed in writing between the Parties, all the terms and conditions of the Agreements shall mutatis mutandis continue to apply.


5 COSTS

	Each Party will bear and pay its own legal costs and expenses of and incidental to the negotiation, drafting, preparation and implementation of this Addendum.


6 SIGNATURE

	Signed on behalf of the Parties, each signatory hereto warranting that he/she has due authority to do so.

SIGNED at ROSEBANK on JANUARY 31, 2014

SIGNED at ROSEBANK on JANUARY 31, 2014

	For and on behalf of
	NET1 APPLIED TECHNOLOGIES SOUTH AFRICA (PROPRIETARY) LIMITED



	/s/ Serge Belamant
	Signature

	Serge C.P. Belamant
	Name of Signatory

	Director
	Designation of Signatory

SIGNED at ROSEBANK on JANUARY 31, 2014

	For and on behalf of
	BORN FREE INVESTMENTS 272 (PROPRIETARY) LIMITED



	/s/ Mazwi Yako
	Signature

	Mazwi Yako
	Name of Signatory

	Director
	Designation of Signatory

SIGNED at ROSEBANK on JANUARY 31, 2014