Second Addendum dated March 14, 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-10.31 3 exhibit10-31.htm EXHIBIT 10.31 Net 1 UEPS Technologies, Inc. - Exhibit 10.31 - Filed by newsfilecorp.com

SECOND 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 agreement, headed “Relationship Agreement”, entered into between the Parties on or about 9 December 2013, as amended by the addendum thereto, concluded by the Parties on 31 January 2014; 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 “15th day of March 2014”, in clause 4.1, with “15th day of April 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 MARCH 14, 2014

  For and on behalf of
  NET 1 UEPS TECHNOLOGIES, INC.
   
  /s/ Herman Kotzé
  Signature
  Herman G. Kotzé
  Name of Signatory
  Chief Financial Officer
  Designation of Signatory

SIGNED at ROSEBANK on MARCH 14, 2014

  For and on behalf of
  NET1 APPLIED TECHNOLOGIES SOUTH
  AFRICA (PROPRIETARY) LIMITED
   
   
   
  /s/ Herman Kotzé
  Signature
  Herman G. Kotzé
  Name of Signatory
  Director
  Designation of Signatory


SIGNED at ROSEBANK on MARCH 14, 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 MARCH 14, 2014

  For and on behalf of
  MAZWI YAKO
   
   
   
   
  /s/ Mazwi Yako
  Signature
  Mazwi Yako
  Name of Signatory
   
  Designation of Signatory