EX-10.41 11 ex1041.htm EX-10.41
1
Exhibit 10.41
THIRD ADDENDUM
TO FACILITY
LETTER
NO.: LM/CCMS/01/2021
1.
PARTIES
1.1.
FIRSTRAND
BANK LTD
(Reg. No. 1929/001225/06)
(
“the Bank”
)
1.2.
CASH CONNECT
MANAGEMENT
SOLUTIONS
(PTY) LTD
(Reg. No. 2006/010530/07);
1.3.
MAIN STREET
1723 (PTY) LTD
(REG. NO. 2019/300711/07);
1.4.
CASH
CONNECT
RENTALS
(PTY)
LTD
(REG.
NO.
2009/007139/07);
(1.2
to
1.4
jointly
and
severally “
the Borrowers
”); and
1.5.
K2020 CONNECT
(PTY) LTD
(REG. NO. 2020/263969/07)
(“
New Borrower
”)
2.
RECORDAL
The
Borrowers
as
per
1.2
to
1.4
have
accepted
facility
letter
no.
LM/CCMS/01/2021(
“the
Facility
Letter”
)
dated 14
January 2022,
as amended
by the
First Addendum
to facility
letter no.
LM/CCMS/01/2021
signed on
or
about
the
28
February
2023,
and
as
amended
by
the
Second
Addendum
to
facility
letter
no.
LM/CCMS/01/2021
signed
on
or
about
31
May
2023,
subject
to
the
general
terms
and
conditions
relating
thereto
and
transaction
annexure(s)
(if
any)
(collectively
"the
Agreement"
),
in
terms
whereof
the
Bank
agreed
to
make
available
certain
credit
facilities
to
the
Borrowers
subject
to
the
terms
and
conditions
as
set
forth in
the Agreement,
which
the Borrowers,
the
New
Borrower,
and the
Bank
wish
to amend
as hereinafter
set forth.
3.
AMENDMENTS
The Facility
Letter is hereby
amended:
3.1.
By removing Cash Connect Capital
(Pty) Ltd (Reg. No. 2017/029430/07)
as Borrower.
3.2.
By
deleting
the
Facility
Amount
of
“
R170,000,000
(one
hundred
and
seventy
million
Rand)
” in
clause
1.1
and
replacing
same
with
a
new
Facility
Amount
of
“
R169,939,000
(one
hundred
and
sixty
nine
million nine
hundred
and thirty
nine thousand
Rand)
”.
3.3.
By deleting
the Facility
Amount
of “
R1,500,000
(one
million
five hundred
thousand
Rand)
” in
clause
1.2
and replacing
same
with
a new
Facility
Amount
of “
R1,561,000
(one
million,
five
hundred
and sixty
one
thousand Rand)
” and by adding the New
Borrower as Borrower
under the facility.
3.4.
By amending
clause 1.3 in its entirety
to now read as follows:
“
1.3 Short Term
Direct
Borrower:
Main
Street
1723
(Pty)
Ltd.
Facility
Amount:
R3,000,000 (three
million Rand)
2
Version
date: 24 June 2015
2
Utilisation:
Fleet
Cards.
Term
of
Facility:
Demand Facility.
Special Term:
The facility will
be unsecured.
”
3.5.
By deleting clause
1.5 in its entirety.
3.6.
By amending clause
1.7 in its entirety to now
read as follows:
“
1.7 Short Term
Direct
Facility Amount:
R100,000,000.
Utilisation:
Temporary
General
Banking
Facility.
Term
of
Facility:
Demand Facility.
Special Term:
The facility
will
be unsecured,
and
will amortise
equally
daily
and fully
expire
on
15
February 2025.”
3.7.
By deleting clause
1.7A in its entirety.
3.8.
By deleting clause
1.8 in its entirety.
3.9.
By deleting clause
3 in its entirety and replacing
same with a new clause
3 which reads as
follows:
“
3. COLLATERAL
AND OTHER AGREEMENTS
3.1.
Subject
to
the
Special
Term
in
clause
1.3
and
1.7,
the
granting
and
continued
use
of
the
Facilities
is
subject
to
the
Transaction
Security
Documents,
as
provided
for
in
the
Facility
Agreement.”
4.
COMMENCEMENT
& SAVING
4.1.
The amended
terms
and conditions
of the
Agreement
will be
applicable
as at
date of
last signature
of this
addendum
4.2.
Save for as set out above, all other terms
and conditions of the Agreement
remain valid and of full
force and
effect.
Signed at ……….....………………............
this …29th………..
day of
October
2024.
For and on behalf
of:
FirstRand Bank
Ltd (acting through
RMB Corporate
Banking)
/s/ W Laurens
/s/ G Jagga
W Laurens
G Jagga
Transactor
Sector Head: Banking
division
3
Signed at ……….....………………............
this …29th………..
day of
October
2024.
For and on behalf
of:
Cash Connect
Management
Solutions (Pty)
Ltd
(Reg. No. 2006/010530/07)
Steven J. Heilbron
Full name of duly authorised
signatory
Full name of duly authorised
signatory
Capacity / Office
Capacity / Office
/s/ Steven J. Heilbron
Signature (who warrants his/her
authority)
Signature (who warrants
his/her authority)
Signed at ……….....………………............
this …29th………..
day of
October
2024.
For and on behalf
of:
Main Street
1723 (Pty) Ltd
(Reg. No. 2019/300711/07)
Julian van Reenen
Full name of duly authorised
signatory
Full name of duly authorised
signatory
Capacity
/
Office
Capacity / Office
/s/ Julian van Reenen
Signature (who warrants
his/her authority)
Signature (who warrants
his/her authority)
Signed at ……….....………………............
this …29th………..
day of
October
2024.
For and on behalf
of:
Cash Connect
Rentals (Pty)
Ltd (Reg. No.
2009/007139/07)
Steven J. Heilbron
Full name of duly authorised
signatory
Full name of duly authorised
signatory
Capacity
/
Office
Capacity / Office
/s/ Steven J. Heilbron
Signature (who warrants
his/her authority)
Signature (who warrants
his/her authority)
4
Signed at ……….....………………............
this …29th………..
day of
October
2024.
For and on behalf
of:
K2020 Connect
(Pty) Ltd (Reg.
No. 2020/263969/07)
Naeem E. Kola
Full name of duly authorised
signatory
Full name of duly authorised
signatory
Capacity / Office
Capacity / Office
/ Naeem E. Kola
Signature (who warrants
his/her authority)
Signature (who warrants
his/her authority