NetPay International Inc. (NTPY)

[ALERTS100%to10000%GAIN]

Item 1.01Entry into a Material Definitive Agreement



On October 16, 2019, the Registrant entered into a long-term Payment Facilitator Merchant Agreement with WorldPay, LLC, pursuant to which the Registrant may process an unlimited amount of credit card transactions, subject to the terms of the agreement on fees, chargebacks, and other costs associated with the business and the agreement. According to the agreement, WorldPay will provide sponsorship services to the Registrant, and the Registrant will be registered through WorldPay as a Visa third-party agent and a MasterCard service provider. The sponsorship services allow the Registrant to route transactions under WorldPay’s membership to clear card transactions through MasterCard, Visa and other networks.



A copy of the Payment Facilitator Merchant Agreement is attached hereto as Exhibit 10.1 and is incorporated herein by reference. The foregoing description of the terms and conditions of the agreement is qualified in its entirety by reference to the full text of the agreement.



Item 9.01Financial Statements and Exhibits



(d) Exhibits



The following Exhibits are filed as part of this Report.



Exhibit

Number



Description

10.1



Payment Facilitator Merchant Agreement, signed on October 16, 2019, by NetPay International, Inc. and WorldPay, LLC.