SEC Contract Filing

Filing Date: 2016-10-25

Document Content:
<DOCUMENT>
<TYPE>EX-10.36
<SEQUENCE>2
<FILENAME>exhibit10-36.htm
<DESCRIPTION>EXHIBIT 10.36
<TEXT>
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 <TITLE>Net 1 UEPS Technologies, Inc.: Exhibit 10.36 - Filed by newsfilecorp.com</TITLE>
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<P align=right><B>Exhibit 10.36 </B></P>
<P align=center>&nbsp;</P>
<P align=center>&nbsp;</P>
<P align=center><B>FIRST ADDENDUM TO SUBSCRIPTION AGREEMENT</B> </P>
<P align=center>between </P>
<P align=center><B>NET1 APPLIED TECHNOLOGIES SOUTH AFRICA PROPRIETARY
LIMITED</B><B> </B></P>
<P align=center>and </P>
<P align=center><B>BLUE LABEL TELECOMS LIMITED </B></P>
<P align=center>&nbsp;</P>
<P align=center>&nbsp;</P>
<P align=right><IMG src="exhibit10-36x1x1.jpg" border=0> </P>
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<P align=right><B>1 </B></P>
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 <TR>
 <TD vAlign=top width="5%">1 </TD>
 <TD>
 <P align=justify><B>PARTIES</B></P></TD></TR></TABLE><BR>
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 <TR>
 <TD vAlign=top width="10%">1.1 </TD>
 <TD>
 <P align=justify>The Parties to this Agreement are
&#150;</P></TD></TR></TABLE><BR>
<TABLE
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 <TR>
 <TD vAlign=top width="15%">1.1.1 </TD>
 <TD>
 <P align=justify>Net1 Applied Technologies South Africa Proprietary
 Limited; and</P></TD></TR>
 <TR>
 <TD width="15%">&nbsp;</TD>
 <TD>&nbsp;</TD></TR>
 <TR>
 <TD vAlign=top width="15%">1.1.2 </TD>
 <TD>
 <P align=justify>Blue Label Telecoms Limited.</P></TD></TR></TABLE><BR>
<TABLE
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 <TR>
 <TD vAlign=top width="10%">1.2 </TD>
 <TD>
 <P align=justify>The Parties agree as set out
below.</P></TD></TR></TABLE><BR>
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 <TR>
 <TD vAlign=top width="5%">2 </TD>
 <TD>
 <P align=justify><B>INTERPRETATION</B></P></TD></TR></TABLE>
<P style="MARGIN-LEFT: 5%" align=justify>In this Addendum - </P>
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 <TR>
 <TD vAlign=top width="10%">2.1 </TD>
 <TD>
 <P align=justify>"<B>Addendum</B>" means this addendum
agreement;</P></TD></TR>
 <TR>
 <TD width="10%">&nbsp;</TD>
 <TD>&nbsp;</TD></TR>
 <TR>
 <TD vAlign=top width="10%">2.2 </TD>
 <TD>
 <P align=justify>"<B>Agreement</B>" means the subscription agreement
 entered into between the Parties on 4 October 2016 relating to the
 Subscription by Net1 Applied Technologies South Africa Proprietary Limited
 for 117,924,528 (one hundred and seventeen million nine hundred twenty
 four thousand five hundred and twenty eight) ordinary shares in Blue Label
 Telecoms Limited for an aggregate subscription price of R2,000,000,000.00
 (two billion rand);</P></TD></TR>
 <TR>
 <TD width="10%">&nbsp;</TD>
 <TD>&nbsp;</TD></TR>
 <TR>
 <TD vAlign=top width="10%">2.3 </TD>
 <TD>
 <P align=justify>"<B>Parties</B>" means the parties to this Addendum;
 and</P></TD></TR>
 <TR>
 <TD width="10%">&nbsp;</TD>
 <TD>&nbsp;</TD></TR>
 <TR>
 <TD vAlign=top width="10%">2.4 </TD>
 <TD>
 <P align=justify>words and phrases defined in the Agreement will bear the
 same meanings herein.</P></TD></TR></TABLE><BR>
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 <TR>
 <TD vAlign=top width="5%">3 </TD>
 <TD>
 <P align=justify><B>VARIATION OF AGREEMENT</B></P></TD></TR></TABLE><BR>
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 <TR>
 <TD vAlign=top width="10%">3.1 </TD>
 <TD>
 <P align=justify>The Agreement is hereby varied as follows
 -</P></TD></TR></TABLE><BR>
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 <TR>
 <TD vAlign=top width="15%">3.1.1 </TD>
 <TD>
 <P align=justify>clause 2.1.9 is hereby deleted in its entirety;</P></TD></TR>
 <TR>
 <TD width="15%">&nbsp;</TD>
 <TD>&nbsp;</TD></TR>
 <TR>
 <TD vAlign=top width="15%">3.1.2 </TD>
 <TD>
 <P align=justify>clause 2.1.21 of the Agreement is hereby deleted in its
 entirety and replaced with the following new clause
&#150;</P></TD></TR></TABLE><BR>
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 <TR vAlign=top>
 <TD width="15%" ></TD>
 <TD align=left>"<I>2.1.21</I> </TD>
 <TD align=right width="75%">
 <P align=justify><I>"</I><B><I>Subscription Date</I></B><I>" means the
 first business day after</I> <I>fulfilment or waiver, as the case may be,
 of the last outstanding</I> <I>Condition Precedent, being 17 November 2016
 on the</I> <I>assumption that the Condition Precedent contained in
 clause</I> </P></TD></TR></TABLE><BR><BR>
 <P align=center><IMG src="exhibit10-36x4x1.jpg" border=0> </P>
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<P align=right><B>2 </B></P>
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 <TR>
 <TD width="25%" >&nbsp;</TD>
 <TD vAlign=top width="5%" ><I>4.1.2</I> </TD>
 <TD>
 <P alig