Unless the context indicates otherwise;

PARTIES - means CLIENT and Q LINK Transact;

ACTION DATE – means the date on which the payment and/or value becomes effective, ie the date on which the banks pass the entry in their books;

SERVICE – means the tasks which Q LINK Transact undertakes to perform on behalf of CLIENT as specified in this agreement;

SERVICE FEE – means the remuneration due to Q LINK Transact specified in the Annexures to this agreement, for undertaking and or providing the specified service;

PRODUCT – means the internet based system (APS) which will be the platform for CLIENT to submit payment and settlement instructions to Q LINK Transact effectively and time-ously;

BANKSERV - means the South African Bankers Services Company Limited (previously Automated Clearing Bureau (Pty) Limited) ("ACB");

Q LINK Transact's ACCOUNT - means the bank account used by Q LINK Transact to facilitate the settlement and payment instructions.

CLIENT ACCOUNT – means the bank account details as provided by CLIENT in the space provided in Annexure “A” to this agreement;

INTELLECTUAL PROPERTY - means all patents, trade marks, service marks, source codes, inventions, design rights, copyright, know-how, trade or business names and other similar rights and obligations, whether registered or application for registration thereof has been made;

SETTLEMENT AMOUNT - means the amount equal to the total amount of all credits to be processed by Q LINK Transact received from banks or finance houses;

FINANCE HOUSE – means and financial institutions providing vehicle financing facilities within the South African regulatory environment.

SOFTWARE - means any computer software developed or purchased by Q LINK Transact or licensed to BDB as well as customisation of such software in order to provide the service;

OUTPUT – means documentation, including account statements, created as a result of the use of the SERVICE as agreed upon between the parties from time to time, excluding CUSTOMISED Outputs;

MEDIUM - means any computer hardware, software, paper and electronic methods, including direct links and the Internet, upon which information shall be supplied and data transfer to and by Q LINK Transact to and from CLIENT;

BANK – means any bank registered in terms of the Banks Act, 1990 as amended.

EFT – means Electronic Funds Transfer.

FICA – means the Financial Intelligence Centre Act, No 38 of 2001.

COMPANY REPRESENTATIVE – means the person authorised by CLIENT to give instructions in terms of this agreement to Q LINK Transact.

PRODUCT PROVIDER – means any provider of motor vehicle ad on insurance, maintenance, and or other accessories as indicated by CLIENT.