Ann: eServGlobal AGM Presentation , page-2

The AGM presentation looks good but can anyone shed light on the following 3 points

1) As per the Presentation the joint venture with Mastercard and BICS is subject to satisfaction of conditions precedent, as detailed in the announcement 19/12/2013

Can anyone advise if there has been any information provided as a timeline when these conditions will/would be met?

Conditions precedent from 19/12/13 announcement below

"Completion of the transaction is subject to the satisfaction of certain conditions precedent including merger clearances, certain third party consents and
transfer of relevant employees to NewCo and standard pre-closing conditions in relation to breach of warranties and material adverse change. eServGlobal does not consider the transaction to be one to which ASX Listing
Rule 11.1 applies and does not intend to obtain shareholder approval for the transaction

2) The Presentation indicates Revenue Generation, with End-to-end transaction fees of 4.5 to 6.5% (page 5)
Does EserveGlobal receive a proportion of these fees?

3) Revenue breakdown for 2013 indicates 6% SaaS.
any ideas what SaaS is?

Thanks for any assistance