.
.
.
Exhibit 13.2
DEED OF AMENDMENT (SHARE SALE AGREEMENT)
TABLE OF CONTENTS
Page no.
1 DEFINITIONS AND INTERPRETATION.....................................1
2 AMENDMENT TO SHARE SALE AGREEMENT..................................1
2.1 Amendment.................................................1
2.2 Effective Date............................................4
2.3 Share Sale Agreement......................................4
3 GENERAL............................................................4
3.1 Paramountcy of document...................................4
3.2 No merger.................................................4
3.3 Attorneys.................................................4
3.4 Amendment.................................................5
3.5 Assignment................................................5
3.6 Severability..............................................5
3.7 Waiver....................................................5
3.8 Rights, remedies additional...............................5
3.9 Further assurances........................................5
3.10 Costs.....................................................5
3.11 Counterparts..............................................5
3.12 Governing law and jurisdiction............................5
SCHEDULE 1.........................................................6
SCHEDULE 2.........................................................7
--------------------------------------------------------------------------------
XXXXXX XXXXX LEIBLER DEED OF AMENDMENT (SHARE SALE AGREEMENT)| PAGE I
Ref: MD JRM 011353332
Final
THIS DEED is made on 2005
PARTIES
CATUITY INC.
of Xxxxx 00, 00-00 Xxxxx Xxxxxx, Xxxxxx XXX 0000 (PURCHASER)
and
EACH PARTY SET OUT IN SCHEDULE 1
BACKGROUND
The parties have agreed to amend the Share Sale Agreement in accordance with
clause 23.5 of the Share Sale Agreement upon and subject to the terms and
conditions of this document.
AGREED TERMS
1 DEFINITIONS AND INTERPRETATION
--------------------------------------------------------------------------------
1.1 In this document, the following terms will have the following meanings
unless the subject or context requires otherwise:
"EFFECTIVE DATE" means the date of execution of this document.
"SHARE SALE AGREEMENT" means the Sale of Shares Agreement dated 17
March 2005 between the parties.
1.2 Unless otherwise defined in this document, the terms and expressions
used in this document and not defined have the meaning given to them in
the Share Sale Agreement.
1.3 Clauses 1.2 and 1.3 of the Share Sale Agreement apply to the
interpretation of this document.
2 AMENDMENT TO SHARE SALE AGREEMENT
--------------------------------------------------------------------------------
2.1 AMENDMENT
The parties agree that the Share Sale Agreement is amended as follows:
(a) By replacing the definition of "Capital Raising" in clause 1.1
with the following definition:
""CAPITAL RAISING" means the creation, issue and allotment by
the Purchaser of additional securities to raise funds of at least
$5.6 million at an issue price of:
(a) $10.00 or greater; or
(b) such lower price as the Purchaser may with the prior
written approval of the Majority Vendors agree.
(b) By inserting the following definition in clause 1.1 after the
definition of Capital Rasing:
""CAPITAL RAISING PRICE" means the price at which ordinary shares
are issued pursuant to the Capital Raising.".
--------------------------------------------------------------------------------
XXXXXX XXXXX LEIBLER DEED OF AMENDMENT (SHARE SALE AGREEMENT)| PAGE 1
Ref: MD JRM 011353332
Final
(c) By replacing the definition of "End Date" in clause 1.1 with the
following definition:
""END DATE" means the earlier of 30 September 2005 and the date
that is 30 Business Days after the closing of the Capital
Raising.".
(d) By replacing the definition of "Consideration Securities" in
clause 1.1 with the following definition:
""CONSIDERATION SECURITIES" means 335,000 fully paid ordinary
shares in the Purchaser to be issued by the Purchaser in partial
satisfaction of the Purchase Consideration.
(e) By replacing the definition of "Holdback Securities" in clause
1.1 with the following definition:
""HOLDBACK SECURITIES" means the total Consideration Securities
issued by the Purchaser to the Major Vendors in partial
satisfaction of the Purchase Consideration listed in column 5 of
Schedule 2. The Holdback Securities will be allocated amongst the
Major Vendors in the proportions set out opposite the name of
each Major Vendor and each applicable Optionholder in the fifth
column in Schedule 1 (if any) that are actually issued to each
Vendor or Optionholder and released from holdback in accordance
with Clause 5.4".
(f) By replacing the definition of "VENDOR" in clause 1.1 with the
following definition:
"VENDOR" means each person named as a vendor in Schedule 1. For
the purposes of Clause 5.1, each of Xxxxx Xxxxx, Xxxxxxxxx Xxx
and Xxxxxxxx Xxxxxx will also be deemed to be a Vendor."
(g) By deleting condition No. 15 in clause 2.1 and inserting the
words "NOT USED" in the second column of the table opposite that
number.
(h) By replacing the second column opposite condition No.10 with the
following:
"(ESCROW AGREEMENTS) Execution of the Escrow Agreements in
respect of the Hold Back Amounts and the Hold Back Securities."
(i) With respect to condition No. 16 in Clause 2.1, each party
affirms as at the Effective Date that it has not become aware of
any Material Adverse Change as at the Effective Date.
(j) By deleting the words "5.2 or" in Clause 4.1(b).
(k) By deleting the paragraph under clause 4.1(b) which starts with
the words "For illustrative purposes".
(l) By deleting the last paragraph of Clause 5.1.
(m) By deleting clause 5.2 and inserting the words "NOT USED" under
clause 5.2.
(n) By amending clause 5.6 by inserting the following words above
clause 5.6(a):
(o) "If and only if, NASDAQ or ASX imposes an escrow period that is
cumulatively longer than the date at which the Consideration
Securities are registered and tradable or six months whichever is
the lesser, the following clause 5.6 applies:" By amending Clause
5.6(a) by deleting the sentence "Upon any additional ordinary
shares or Equity Securities being issued by the Purchaser
pursuant to clauses 5.2(a) or (b), the number of Protected
Securities shall be recalculated accordingly and the Major
Vendors shall deliver to the Purchaser a revised list specifying
the revised number of Protected Securities (including the share
certificate number or other identifying number) held by each
Protected Vendor, which revised numbers shall be in the same
proportions as the numbers specified on the original list."
(p) By amending clause 5.6 by deleting all references to the words
"such lower price at which ordinary shares may previously have
been issued by the Purchaser during the Escrow Period and in
respect of which issue clause 5.2 was previously applied"
wherever they appear in the various sub-clauses of Clause 5.6.
(q) By deleting clause 5.7 and replacing it with the following
clause:
--------------------------------------------------------------------------------
XXXXXX XXXXX LEIBLER DEED OF AMENDMENT (SHARE SALE AGREEMENT)| PAGE 2
Ref: MD JRM 011353332
Final
"5.7 PUBLIC ANNOUNCEMENT
If clause 5.6 applies, during the applicable period referred to
in subclause (ii) of the definition of LTP in that clause 5.6, no
Protected Vendor may make or authorise any other person to make
any public announcement or communication relating to a sale or a
proposed sale of any of their Consideration Securities or other
Equity Securities in the Purchaser prior to the sale of those
securities.".
(r) By deleting clause 6.4(c) and replacing it with the following
clause:
"(CONSIDERATION SECURITIES) do or cause to be done any act or
thing that is necessary to issue the Consideration Securities to
the Vendors in the proportions set out in Schedule 1 with the
Hold Back Securities to be issued as ordinary stock and held in
escrow in accordance with the provisions of the Escrow
Agreements; and".
(s) By deleting clause 6.7 and replacing it with the following
clause:
"6.7 LISTING OF CONSIDERATION SECURITIES
Prior to Completion, the Purchaser will notify NASDAQ of the
issue of the Consideration Securities and will seek the listing
of the Consideration Securities on NASDAQ. The Vendors will list
their Consideration Securities on NASDAQ. The Purchaser will use
its best endeavours to make the necessary SEC registration filing
within 10 days of Completion and will do all such other things as
may be required in order for the Consideration Securities to be
freely tradeable as soon as practicable following Completion.".
(t) By deleting clause 6.8 and replacing it with the following clause
6.8:
If the Hold Back Securities are not able to be issued and held as
treasury stock for the entire Escrow Period, each Major Vendor
that receives Hold Back Securities agrees not to trade the Hold
Back Securities issued to it during the Escrow Period without the
consent of the Purchaser, which Hold Back Securities will be held
in escrow in accordance with the Escrow Agreements.
(u) By deleting the reference in clause 11.4(b) to "$5.10" and
replacing it with "$10.00".
(v) By deleting clause 11.5 and replacing it with the following
clause 11.5:
"11.5 SATISFACTION OF A CLAIM
"(a) In respect of any Claim notified in the 6 months after the
Completion Date, once determined by agreement between the
Purchaser and the Major Vendors or otherwise pursuant to clause
11.6, each Major Vendor will satisfy their Respective Vendor
Liability of the determined amount of the Claim in cash and fully
paid ordinary shares in the Purchaser in the same proportions as
the cash and Consideration Securities that were provided to that
Major Vendor under clause 5.1.
For this purpose, regardless of the market value of the ordinary
shares in the Purchaser, each fully paid ordinary share in the
Purchaser cancelled or bought back from the Major Vendor in
respect of such a Claim is taken to have a value of $10.00 when
determining the number of ordinary shares required to be
cancelled in order for each Major Vendor to satisfy their
Respective Vendor Liability.
For example, if a Claim of $1 million is determined against the
Major Vendors, a Major Vendor who has a Respective Vendor
Liability of 10% and who has received 60% of its proportion of
the Purchaser Consideration in cash and 40% of its proportion in
Consideration Securities will be required to pay the Purchaser
$60,000 in cash and permit to be cancelled or bought back fully
paid ordinary shares in the Purchaser that have a value of
$40,000 (with each fully paid ordinary share taken to have a
value of $10.00). For the avoidance of doubt, the ordinary shares
cancelled or bought back will be taken to have a value of $10.00
regardless of whether or not they are the original Consideration
Securities issued to the relevant Major Vendor.
--------------------------------------------------------------------------------
XXXXXX XXXXX LEIBLER DEED OF AMENDMENT (SHARE SALE AGREEMENT)| PAGE 3
Ref: MD JRM 011353332
Final
(b) In respect of any Claim notified more than 6 months after the
Completion Date, once determined by agreement between the
Purchaser and the Major Vendors or by an Expert pursuant to
clause 12.9, each Major Vendor will satisfy their Respective
Vendor Liability of the determined amount of the Claim in cash.
For example, if a Claim of $1 million is determined against the
Major Vendors, a Major Vendor who has a Respective Vendor
Liability of 10% will be required to pay to the Purchaser
$100,000 in cash."
(w) By replacing the table in Schedule 1 with the table set out in
Schedule 2 of this document.
(x) By inserting the following words under the table in Schedule 1:
"This table has been prepared on the basis that the Capital
Raising Price is A$10.00. If the Capital Raising Price is not
A$10.00, the figures in this table will be amended to reflect the
actual Capital Raising Price and the definition of "Consideration
Securities" and the Purchaser and the Major Vendors will prepare
and sign, for the purposes of identification, a new table to
reflect the changes made accordingly.".
2.2 EFFECTIVE DATE
The amendments set out in clause 2.1 take effect from and including the
Effective Date.
2.3 SHARE SALE AGREEMENT
Save as expressly amended by this document, the Share Sale Agreement
will continue in full force and effect. The Share Sale Agreement as
amended by this document will be read as a single integrated document
incorporating the amendment effected by this document.
2.4 DISPOSAL OF SHARES
In consideration for the amendments to the Share Sale Agreement agreed
to by the Purchaser pursuant to this document, each of the Major
Vendors agrees to dispose of their Consideration Securities and other
Equity Securities in the Purchaser in a fair and reasonable manner so
as to ensure that at all times there is an orderly and efficient market
for the Purchaser's shares and that there is not undue downward
pressure on or fluctuations in the traded price of the Purchaser's
securities.
2.5 DISCLOSURES
The Purchaser acknowledges that its has accepted all written
disclosures made to it between the date of the Share Sale Agreement and
the Effective Date by the Major Vendors and agrees that it will not
terminate the Share Sale Agreement on the basis of any such disclosures
made during that period that have fairly and accurately disclosed in
writing any matter that would otherwise have constituted a breach of
Warranty.
3 GENERAL
--------------------------------------------------------------------------------
3.1 PARAMOUNTCY OF DOCUMENT
If this document conflicts with any other document, agreement or
arrangement, this document prevails to the extent of the inconsistency.
3.2 NO MERGER
The provisions of this document will not merge on completion of any
transaction contemplated in this document and, to the extent any
provision has not been fulfilled, will remain in force.
3.3 ATTORNEYS
Each person who executes this document on behalf of a party under a
power of attorney warrants that he or she has no notice of the
revocation of that power or of any fact or circumstance that might
affect his or her authority to execute this document under that power.
--------------------------------------------------------------------------------
XXXXXX XXXXX LEIBLER DEED OF AMENDMENT (SHARE SALE AGREEMENT)| PAGE 4
Ref: MD JRM 011353332
Final
3.4 AMENDMENT
This document may not be amended or varied unless the amendment or
variation is in writing signed by all parties.
3.5 ASSIGNMENT
No party may assign, transfer or otherwise deal with this document or
any right or obligation under this document without the prior written
consent of each other party which must not be unreasonably withheld.
3.6 SEVERABILITY
Part or all of any provision of this document that is illegal or
unenforceable will be severed from this document and will not affect
the continued operation of the remaining provisions of this document.
3.7 WAIVER
Waiver of any power or right under this document:
(a) must be in writing signed by the party entitled to the benefit of
that power or right; and
(b) is effective only to the extent set out in that written waiver.
3.8 RIGHTS, REMEDIES ADDITIONAL
Any rights and remedies that a person may have under this document are
in addition to and do not replace or limit any other rights or remedies
that the person may have.
3.9 FURTHER ASSURANCES
Each party must do or cause to be done all things necessary or
reasonably desirable to give full effect to this document and the
transactions contemplated by it (including, but not limited to, the
execution of documents).
3.10 COSTS
Each party must bear its own legal, accounting and other costs for the
preparation and execution of this document.
3.11 COUNTERPARTS
This document may be executed in any number of counterparts and all
counterparts taken together will constitute one document.
3.12 GOVERNING LAW AND JURISDICTION
This document will be governed by and construed in accordance with the
laws in force in the State of Victoria and each party submits to the
non-exclusive jurisdiction of the courts of that State.
--------------------------------------------------------------------------------
XXXXXX XXXXX LEIBLER DEED OF AMENDMENT (SHARE SALE AGREEMENT)| PAGE 5
Ref: MD JRM 011353332
Final
SCHEDULE 1
o Jadeglen Investments Pty Ltd (ACN 006 739 028) as trustee of the
Xxxxx Xxxxxx Family Trust
o Xxxxxx Custodians Pty Ltd (ACN 065 329 142) as trustee of the
Xxxxxx Xxxxx Superannuation Fund
o Navon Pty Ltd (ACN 007 065 536) as trustee of the Shemesh Trust
o A&B Venture Fund Company Pty Ltd (ACN 079 826 109) as trustee of
Xxxxx & Xxxxxxxxxx II Trust
o Xxxxxx Course as trustee of the Course Family Trust
o Xxxxxx Xxxx as trustee of the Xxxxxxxxx Xxx Family Trust
o Xxx Xxxxxxx
o Xxxxxx XxXxxxxx
o Xxxxxx Xxxxxxx
o Xxxxx Xxxxx
o Warana Grange Pty Ltd (ACN 052 427 853)
o Xxxxx Xxxxx
o Xxxxxxxxx Xxx
o Xxxxxxxx Xxxxxx
--------------------------------------------------------------------------------
XXXXXX XXXXX LEIBLER DEED OF AMENDMENT (SHARE SALE AGREEMENT)| PAGE 6
Ref: MD JRM 011353332
Final
SCHEDULE 2
SCHEDULE 1 - VENDORS AND OPTIONHOLDERS
PART 1
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6
----------- ----------- ----------- ----------- ----------- ---------------------------
RESPECTIVE VENDOR
LIABILITY OF HOLDBACK AS
NUMBER OF COMPLETION A PERCENTAGE
SHARES PAYMENT ---------------------------
HELD BY CASH HOLDBACK COMPLETION HOLD BACK
VENDOR COMPONENT AMOUNT SECURITIES SECURITIES % OF CASH % OF # OF
VENDOR # $ $ # # PART SHARES
----------- ----------- ----------- ----------- ----------- ----------- -----------
Jadeglen
Investments
Pty Ltd atf the
Xxxxx Xxxxxx
Family Trust 83,598 94,509 -- 1,000 -- -- --
----------- ----------- ----------- ----------- ----------- ----------- -----------
Xxxxxx
Custodians Pty
Ltd atf the
Xxxxxx Xxxxx
Super Fund 83,598 94,509 -- 1,000 -- -- --
----------- ----------- ----------- ----------- ----------- ----------- -----------
Navon Pty Ltd
atf the
Shemesh Trust 201,134 220,000 20,028 3,644 1,001 4.01% 0.30%
----------- ----------- ----------- ----------- ----------- ----------- -----------
A & B
Venture Fund
Company Pty
Ltd atf A&B II
Trust 1,830,266 785,037 263,233 251,471 13,162 52.65% 3.93%
----------- ----------- ----------- ----------- ----------- ----------- -----------
Xxxxxx Course
atf the Course
Family Trust 753,732 852,104 75,053 9,015 3,753 15.01% 1.12%
----------- ----------- ----------- ----------- ----------- ----------- -----------
COLUMN 7 COLUMN 8 COLUMN 9
-------------------------- -------------------------- ---------------------------
MAXIMUM VENDOR
MAXIMUM VENDOR LIABILITY UNDER THIS
VENDOR LIABILITY LIABILITY UNDER THIS AGREEMENT AS A
UNDER HOLDBACK AGREEMENT PERCENTAGE
-------------------------- -------------------------- ---------------------------
% OF % OF #
# OF # OF CASH OF
VENDOR $ SHARES $ SHARES PART SHARES
----------- ----------- ----------- ----------- ----------- -----------
Jadeglen
Investments
Pty Ltd atf the
Xxxxx Xxxxxx
Family Trust -- -- -- -- -- --
----------- ----------- ----------- ----------- ----------- -----------
Xxxxxx
Custodians Pty
Ltd atf the
Xxxxxx Xxxxx
Super Fund -- -- -- -- -- --
----------- ----------- ----------- ----------- ----------- -----------
Navon Pty Ltd
atf the
Shemesh Trust 20,028 1,001 220,000 3,644 6.64% 1.23%
----------- ----------- ----------- ----------- ----------- -----------
A & B
Venture Fund
Company Pty
Ltd atf A&B II
Trust 263,233 13,162 785,037 251,471 23.71% 84.79%
----------- ----------- ----------- ----------- ----------- -----------
Xxxxxx Course
atf the Course
Family Trust 75,053 3,753 852,104 9,015 25.73 3.04%
----------- ----------- ----------- ----------- ----------- -----------
--------------------------------------------------------------------------------
XXXXXX XXXXX LEIBLER DEED OF AMENDMENT (SHARE SALE AGREEMENT)| PAGE 7
Ref: MD JRM 011353332
Final
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6
----------- ----------- ----------- ----------- ----------- ---------------------------
Xxxxxx Xxxx
atf the
Xxxxxxxxx
Xxx Family
Trust 753,732 852,104 75,053 9,015 3,753 15.01% 1.12%
----------- ----------- ----------- ----------- ----------- ----------- -----------
Xxx Xxxxxxx 64,483 72,899 -- 772 -- -- --
----------- ----------- ----------- ----------- ----------- ----------- -----------
Xxx XxXxxxxx 7,053 7,974 -- 85 -- -- --
----------- ----------- ----------- ----------- ----------- ----------- -----------
Xxxxxx
Xxxxxxx 1,000 1,131 -- 12 -- -- --
----------- ----------- ----------- ----------- ----------- ----------- -----------
Xxxxx Xxxxx 4,000 3,137 -- 292 -- -- --
----------- ----------- ----------- ----------- ----------- ----------- -----------
Warana
Grange Pty
Ltd 434,112 450,000 43,227 9,269 2,161 8.65% 0.65%
----------- ----------- ----------- ----------- ----------- ----------- -----------
Employee
ESOP
optionholders
other than C
Xxxxx -- 14,380 -- -- -- -- --
----------- ----------- ----------- ----------- ----------- ----------- -----------
C Xxxxx *
Less $20,000
for
cancellation of
ESOP options -- 132,217 23,407 14,165 1,170 4.68% 0.35%
----------- ----------- ----------- ----------- ----------- ----------- -----------
C Xxxxx *
$20,000 for
Unpaid ESOP
Not Paid in
Cash -- 20,000 -- -- -- -- --
----------- ----------- ----------- ----------- ----------- ----------- -----------
Xxxxx Xxxxx -- -- -- 24,244 -- -- --
----------- ----------- ----------- ----------- ----------- ----------- -----------
Xxxxxxxxx
Xxx -- -- -- 4,408 -- -- --
----------- ----------- ----------- ----------- ----------- ----------- -----------
Xxxxxxxx
Xxxxxx -- -- -- 6,612 -- -- --
----------- ----------- ----------- ----------- ----------- ----------- -----------
Total 4,216,708 3,600,000 500,000 335,000 25,000 100% 100%
----------- ----------- ----------- ----------- ----------- ----------- -----------
COLUMN 7 COLUMN 8 COLUMN 9
-------------------------- -------------------------- ---------------------------
Xxxxxx Xxxx
atf the
Xxxxxxxxx
Xxx Family
Trust 75,053 3,753 852,104 9,015 25.73% 3.04%
----------- ----------- ----------- ----------- ----------- -----------
Xxx Xxxxxxx -- -- -- -- -- --
----------- ----------- ----------- ----------- ----------- -----------
Xxx XxXxxxxx -- -- -- -- -- --
----------- ----------- ----------- ----------- ----------- -----------
Xxxxxx
Xxxxxxx -- -- -- -- -- --
----------- ----------- ----------- ----------- ----------- -----------
Xxxxx Xxxxx -- -- -- -- -- --
----------- ----------- ----------- ----------- ----------- -----------
Warana
Grange Pty
Ltd 43,227 2,161 450,000 9,269 13.59 3.13%
----------- ----------- ----------- ----------- ----------- -----------
Employee
ESOP
optionholders
other than C
Xxxxx -- -- -- -- -- --
----------- ----------- ----------- ----------- ----------- -----------
C Xxxxx *
Less $20,000
for
cancellation of
ESOP options 23,407 1,170 132,217 14,165 3.99% 4.78%
----------- ----------- ----------- ----------- ----------- -----------
C Xxxxx *
$20,000 for
Unpaid ESOP
Not Paid in
Cash -- -- 20,000 -- 0.60% --
----------- ----------- ----------- ----------- ----------- -----------
Xxxxx Xxxxx -- -- -- -- -- --
----------- ----------- ----------- ----------- ----------- -----------
Xxxxxxxxx
Xxx -- -- -- -- -- --
----------- ----------- ----------- ----------- ----------- -----------
Xxxxxxxx
Xxxxxx -- -- -- -- -- --
----------- ----------- ----------- ----------- ----------- -----------
Total 500,000 25,000 3,311,461 296,577 100% 100%
----------- ----------- ----------- ----------- ----------- -----------
--------------------------------------------------------------------------------
XXXXXX XXXXX LEIBLER DEED OF AMENDMENT (SHARE SALE AGREEMENT)| PAGE 8
Ref: MD JRM 011353332
Final
- The Completion Payment and the Completion Securities may be adjusted in
accordance with clause 2.1 Condition 7 and/or clause 12 of this
agreement.
- The Hold Back Securities may be adjusted in accordance with clause 5.
- This table has been prepared on the basis that the Capital Raising
Price is A$10.00. If the Capital Raising Price is not A$10.00, the
figures in this table will be amended to reflect the actual Capital
Raising Price and the definition of "Consideration Securities" and the
Purchaser and the Major Vendors will prepare and sign, for the purposes
of identification, a new table to reflect the changes made accordingly.
- Xxxxx Xxxxx'x Consideration Securities (excluding Xxxxx Xxxxx'x Hold
Back Securities) will be issued at the direction of Xxxxx Xxxxx to
Xxxxx Xxxxx as trustee of the Xxxxx Family Trust. Xxxxx Xxxxx'x Hold
Back Securities will be issued in the name of Xxxxx Xxxxx.
PART 2 - OPTIONHOLDER DETAILS
OPTIONHOLDER NAME OPTIONS ISSUED
----------------- --------------
XXXXX, Xxxxx 4,000
XXXXXX, Xxxxxxx 4,000
XXXXXXXX, Xxxx 1,000
XXXXXXXXX, Xxx 1,000
XXXXX, Xxxxxxxx 1,000
XXXXX, Xxxxxxxx 1,000
XXXXX, Xxxxx 194,062
TOTAL 206,062
--------------------------------------------------------------------------------
XXXXXX XXXXX LEIBLER DEED OF AMENDMENT (SHARE SALE AGREEMENT)| PAGE 9
Ref: MD JRM 011353332
Final
EXECUTED as a DEED
EXECUTED by CATUITY INC )
)
/s/ Xxxxxx X. (Xxxx) Xxxxxx
---------------------------------------
Signature of President, CEO and Director
Xxxxxx X. (Xxxx) Xxxxxx
---------------------------------------
Name of President, CEO and Director
EXECUTED by CATUITY INC )
)
/s/ A. S. Xxxxxx
---------------------------------------
Signature of Chairman and Director
A. S. Xxxxxx
---------------------------------------
Name of Chairman and Director
EXECUTED by A&B VENTURE FUND
COMPANY PTY LTD as trustee of the Xxxxx )
& Buckeridge II Trust )
)
/s/ Xxxxxx X. Xxxxxxxxxx
--------------------------------------- ---------------------------------
Director Director/Secretary
Xxxxxx X. Xxxxxxxxxx
--------------------------------------- ---------------------------------
Name (please print) Name (please print)
EXECUTED by NAVON PTY LTD as trustee
of the Shemesh Trust )
)
/s/ X. X. Xxxxxxx
--------------------------------------- ---------------------------------
Director/Sole Director Director/Secretary
X. X. Xxxxxxx
--------------------------------------- ---------------------------------
Name (please print) Name (please print)
--------------------------------------------------------------------------------
XXXXXX XXXXX LEIBLER DEED OF AMENDMENT (SHARE SALE AGREEMENT)| PAGE 10
Ref: MD JRM 011353332
Final
EXECUTED by XXXXXX CUSTODIANS
PTY LTD as trustee of the Xxxxxx Xxxxx )
Superannuation Fund )
)
/s/ Xxxxxx X. Xxxxx
--------------------------------------- ---------------------------------
Director/Sole Director Director/Secretary
Xxxxxx X. Xxxxx
--------------------------------------- ---------------------------------
Name (please print) Name (please print)
EXECUTED by JADEGLEN
INVESTMENTS PTY LTD as trustee of the )
Xxxxx Xxxxxx Family Trust )
)
/s/ Xxxx Xxxxxx /s/ Xxxxx Xxxxxx
--------------------------------------- ---------------------------------
Director/Sole Director Director/Secretary
Xxxx Xxxxxx Xxxxx Xxxxxx
--------------------------------------- ---------------------------------
Name (please print) Name (please print)
SIGNED SEALED and DELIVERED by
XXXXXX XXXXXX COURSE as trustee of the )
Course Family Trust in the presence of )
)
/s/ Antony Course /s/ Xxxxxx Claire Course
--------------------------------------- ---------------------------------
Signature of witness Xxxxxx Xxxxxx Course
Antony Course Xxxxxx Claire Course
--------------------------------------- ---------------------------------
Name of witness (print) Name (please print)
SIGNED SEALED and DELIVERED by )
XXXXXX XXXXXX COURSE )
/s/ Xxxxxxxx Xxxxxx /s/ Xxxxxx Xxxxxx Course
--------------------------------------- ---------------------------------
Signature of witness Xxxxxx Xxxxxx Course
Xxxxxxxx Xxxxxx Xxxxxx Xxxxxx Course
--------------------------------------- ---------------------------------
Name of witness (print) Name (please print)
--------------------------------------------------------------------------------
XXXXXX XXXXX LEIBLER DEED OF AMENDMENT (SHARE SALE AGREEMENT)| PAGE 11
Ref: MD JRM 011353332
Final
SIGNED SEALED and DELIVERED by )
XXXXXX XXXX as trustee of the Xxxxxxxxx )
Hug Family Trust )
/s/ Xxxxxx Xxxx /s/ Xxxxxx Xxxx
--------------------------------------- ---------------------------------
Signature of witness Xxxxxx Xxxx
Xxxxxx Xxxx Xxxxxx Xxxx
--------------------------------------- ---------------------------------
Name of witness (print) Name (please print)
SIGNED SEALED and DELIVERED by )
XXXXXXXXX XXX )
/s/ Xxxxx X. Xxxxxx /s/ Xxxxxxxxx Xxx
--------------------------------------- ---------------------------------
Signature of witness Xxxxxxxxx Xxx
Xxxxx X. Xxxxxx Xxxxxxxxx Xxx
--------------------------------------- ---------------------------------
Name of witness (print) Name (please print)
EXECUTED by WARANA GRANGE PTY LTD )
)
/s/ Xxxx Xxxxxxxxx /s/ Marjari Symington
--------------------------------------- ---------------------------------
Director/Sole Director Director/Secretary
Xxxx Xxxxxxxxx Marjari Symington
--------------------------------------- ---------------------------------
Name (please print) Name (please print)
SIGNED SEALED and DELIVERED by )
XXX XXXXXXX )
/s/ Xxxxxx X. Xxxxx /s/ Xxx Xxxxxxx
--------------------------------------- ---------------------------------
Signature of witness Xxx Xxxxxxx
Xxxxxx X. Xxxxx Xxx Xxxxxxx
--------------------------------------- ---------------------------------
Name of witness (print) Name (please print)
SIGNED SEALED and DELIVERED by )
XXXXXX XXXXXXXX )
/s/ Xxxxxxxx Xxxxxx /s/ Xxxxxx XxXxxxxx
--------------------------------------- ---------------------------------
Signature of witness Xxxxxx XxXxxxxx
Xxxxxxxx Xxxxxx Xxxxxx XxXxxxxx
--------------------------------------- ---------------------------------
Name of witness (print) Name (please print)
--------------------------------------------------------------------------------
XXXXXX XXXXX LEIBLER DEED OF AMENDMENT (SHARE SALE AGREEMENT)| PAGE 12
Ref: MD JRM 011353332
Final
SIGNED SEALED and DELIVERED by )
XXXXXX XXXXXXX )
/s/ Kirsty Angus /s/ Xxxxxx Xxxxxxx
--------------------------------------- ---------------------------------
Signature of witness Xxxxxx Xxxxxxx
Kirsty Angus Xxxxxx Xxxxxxx
--------------------------------------- ---------------------------------
Name of witness (print) Name (please print)
SIGNED SEALED and DELIVERED by )
XXXXX XXXXX )
/s/ Xxxxxx XxXxxxxx /s/ Xxxxx Xxxxx
--------------------------------------- ---------------------------------
Signature of witness Xxxxx Xxxxx
Xxxxxx XxXxxxxx Xxxxx Xxxxx
--------------------------------------- ---------------------------------
Name of witness (print) Name (please print)
SIGNED SEALED and DELIVERED by )
XXXXX XXXXX )
/s/ Xxxxxxx Xxxxx /s/ X. X. Xxxxx
--------------------------------------- ---------------------------------
Signature of witness Xxxxx Xxxxx
Xxxxxxx Xxxxx Xxxxx Xxxxx
--------------------------------------- ---------------------------------
Name of witness (print) Name (please print)
SIGNED SEALED and DELIVERED by )
XXXXXXXX XXXXXX )
/s/ Xxxxxx XxXxxx /s/ Xxxxxxxx Xxxxxx
--------------------------------------- ---------------------------------
Signature of witness Xxxxxxxx Xxxxxx
Xxxxxx XxXxxx Xxxxxxxx Xxxxxx
--------------------------------------- ---------------------------------
Name of witness (print) Name (please print)
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XXXXXX XXXXX LEIBLER DEED OF AMENDMENT (SHARE SALE AGREEMENT)| PAGE 13
Ref: MD JRM 011353332
Final