Net 1 UEPS Technologies, Inc.: Exhibit 10.82- Filed by newsfilecorp.com






Exhibit 10.82


EMPLOYMENT AGREEMENT


THIS EMPLOYMENT
AGREEMENT (this “Agreement”) is made this 27th day of February, 2018
by and among Net 1 UEPS Technologies, Inc., a Florida corporation
(“Company”) and Alexander Michael Ramsay Smith (“Executive”). Each
of the Company and Executive is a “Party” and, collectively, they are the
“Parties.” 

WHEREAS, the
Company desires to employ Executive as the Chief Financial Officer of the
Company and Executive desires to be so employed in accordance with the terms and
conditions set forth herein. 

NOW, THEREFORE, in
consideration of the foregoing and the mutual covenants and promises in this
Agreement, the parties agree as follows: 

1.           Employment.
Executive will be employed as the Chief Financial Officer of the Company and
Executive hereby agrees to accept such employment and agrees to serve as the
Chief Financial Officer of the Company, all in accordance with the terms and
conditions of this Agreement. The Parties acknowledge that Executive’s
employment relationship with the Company is at-will. The period of Executive’s
employment under this Agreement shall commence on March 1, 2018 and shall
continue so long as Executive remains an employee of the Company (such period of
employment, the “Employment Period”). In this Agreement, the Company and
its subsidiaries are collectively referred to as the “Group.” 

2.           Position
and Responsibilities. During the Employment Period, Executive shall
report to the Board of Directors of the Company (the “Board”) and shall
have the duties, responsibilities, functions and authority, including
administrative, financial, executive and managerial as are customary to the
position of Chief Financial Officer. Executive shall serve as a member of the
Board and board of directors (or similar governing body) of any other member of
the Group as may be requested by the Board.

3.           Stock
Incentive Plan participation. Executive shall be eligible to participate
in the Company’s Amended and Restated 2015 Stock Incentive Plan (the “2015
Plan”) or such other equity incentive plan(s) as may be implemented by the
Board from time to time as determined in the sole discretion of the Remuneration
Committee of the Board.

4.           Compliance
with Company Policies. The Executive shall comply with all
written Company policies, standards, rules and regulations (a “Company
Policy” or collectively, the “Company Policies”) and all applicable
government laws, rules and regulations that are now or hereafter in effect.
Executive acknowledges receipt of copies of all written Company Policies that
are in effect as of the date of this Agreement. 

5.           Restrictive
Covenants Agreement. On the date hereof, Executive shall execute a
restrictive covenants agreement, in the form of Exhibit A attached hereto and
made a part hereof (the “Restrictive Covenants Agreement”). 

6.          
Modification and Waiver. This Agreement may not be modified or
amended, nor may any provisions of this Agreement be waived, except by an
instrument in writing signed by the parties. No written waiver will be deemed to
be a continuing waiver unless specifically stated therein, and each such waiver
will operate only as to the specific term or condition waived and shall not
constitute a waiver of such term or condition for the future or as to any act
other than that specifically waived.




7.           Notices.
Any notice, consent, waiver and other communications required or permitted
pursuant to the provisions of this Agreement must be in writing and will be
deemed to have been properly given (a) when delivered by hand; or (c) when sent
by email , in each case to any party at the mailing address, facsimile number or
email address set forth below, or, with respect to any party set forth below, at
such other address, facsimile number or email address specified in writing by
such party to the other parties hereto in accordance with this Section 7:


	 	If to the Board or the Company: 	Net 1 UEPS Technologies, Inc. 
	 	  	President Place, 6th Floor 
	 	  	Cnr. Jan Smuts Avenue and Bolton Road 
	 	  	Rosebank, Johannesburg, South Africa 
	 	  	Facsimile: +27118807080 
	 	  	Attn: Herman G. Kotze 
	 	  	Email: hermank@net1.com 
	 	  	  
	 	  	  
	 	If to Executive: 	Alex Smith 
	 	  	xxx, Johannesburg xxx South Africa 
	 	  	Email: xxx 


8.           Governing
Law. This Agreement shall be governed by the laws of the State of New
York and, to the extent applicable, U.S. federal law, and the parties agree to
submit to the jurisdiction of the state and federal courts sitting in New York,
New York for all disputes hereunder. 

9.           Counterparts.
This Agreement may be executed in separate counterparts and may be executed by
facsimile or PDF copies, each of which is deemed to be an original and all of
which, taken together, constitute one and the same agreement. 

Remainder of Page Intentionally Blank; Signature Page to
Follow




IN WITNESS WHEREOF, the
Company has caused this Agreement to be executed by its duly authorized officer
and Executive has signed this Agreement, as of the date first above written.



	NET 1 UEPS TECHNOLOGIES, INC. 
	 	  
	By:	 /s/ Herman G. Kotzé 
	Name: 	Herman
      G. Kotzé 
	 	Title: Chief Executive Officer 
	 	  
	 	  
	 	  
	EXECUTIVE 
	 	  
	 	  
	/s/ Alex
      M.R. Smith 
	Alex Smith 







Exhibit A 
Restrictive Covenants
Agreement