--------------------------------------------------------------------------------

SECOND ADDENDUM TO THE RELATIONSHIP AGREEMENT

 

between

 

 

NET 1 UEPS TECHNOLOGIES, INC

 

and

 

NET1 APPLIED TECHNOLOGIES SOUTH AFRICA (PROPRIETARY) LIMITED

 

and

 

BUSINESS VENTURE INVESTMENTS NO 1567 (PROPRIETARY) LIMITED (RF)

 

and

 

MOSOMO INVESTMENT HOLDINGS (PROPRIETARY) LIMITED

--------------------------------------------------------------------------------

1

PARTIES

1.1

The Parties to this addendum are –

1.1.1

Net 1 UEPS Technologies, Inc., a Florida corporation;

    1.1.2

Net 1 Applied Technologies South Africa (Proprietary) Limited

    1.1.3

Business Venture Investments No 1567 (Proprietary) Limited (RF);

    1.1.4

Mosomo Investment Holdings (Proprietary) Limited; and

1.2

The Parties agree as set out below.

2

INTERPRETATION

In this addendum -

2.1

words and expressions defined in the Agreement, shall, unless otherwise
indicated by the context, bear the same meaning in the Addendum;

    2.2

"Agreement" means the agreement, headed “Relationship Agreement”, entered into
between the Parties on or about 9 December 2013, as amended by the addendum
thereto, concluded by the Parties on 31 January 2014; and

    2.3

"Parties" means the parties to this addendum.

3

VARIATION OF AGREEMENT

The Agreement is hereby amended as follows:

3.1

By substituting the date “15th day of March 2014”, in clause 4.1, with “15th day
of April 2014”.

4

SAVINGS CLAUSE

4.1

Save to the extent specifically modified in this Addendum, or unless otherwise
agreed in writing between the Parties, all the terms and conditions of the
Agreements shall mutatis mutandis continue to apply.

--------------------------------------------------------------------------------

5

COSTS

   

Each Party will bear and pay its own legal costs and expenses of and incidental
to the negotiation, drafting, preparation and implementation of this Addendum.

    6

SIGNATURE

   

Signed on behalf of the Parties, each signatory hereto warranting that he/she
has due authority to do so.

SIGNED at ROSEBANK on MARCH 14, 2014

  For and on behalf of   NET 1 UEPS TECHNOLOGIES, INC.               /s/ Herman
Kotzé   Signature   Herman G. Kotzé   Name of Signatory   Chief Financial
Officer   Designation of Signatory

SIGNED at ROSEBANK on MARCH 14, 2014

  For and on behalf of   NET1 APPLIED TECHNOLOGIES SOUTH   AFRICA (PROPRIETARY)
LIMITED               /s/ Herman Kotzé   Signature   Herman G. Kotzé   Name of
Signatory   Director   Designation of Signatory

--------------------------------------------------------------------------------

SIGNED at ROSEBANK on MARCH 14, 2014

  For and on behalf of   BUSINESS VENTURE INVESTMENTS NO   1567 (PROPRIETARY)
LIMITED (RF)                   /s/ Brian Mosehla   Signature   Khomotso Brian
Mosehla   Name of Signatory   Director   Designation of Signatory

SIGNED at ROSEBANK on MARCH 14, 2014

  For and on behalf of   MOSOMO INVESTMENT HOLDINGS   (PROPRIETARY) LIMITED    
          /s/ Brian Mosehla   Signature   Khomotso Brian Mosehla   Name of
Signatory   Director   Designation of Signatory

--------------------------------------------------------------------------------