Net 1 UEPS Technologies, Inc.: Exhibit 10.28 - Filed by newsfilecorp.com






Exhibit 10.28 

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 1applied 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 relationship agreement
      entered into between the Parties on or about 9 December 2013;
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 “31st day of January 2014”, in
      clause 4.1, with “15th day of March 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 JANUARY 31, 2014 

	 	For and on behalf of 
	 	NET 1 UEPS TECHNOLOGIES, INC. 
	 	  
	 	  
	 	  
	 	/s/
      Serge Belamant 
	 	Signature 
	 	   
	 	Serge
      C.P. Belamant 
	 	Name of Signatory 
	 	   
	 	Chief
      Executive Officer 
	 	Designation of Signatory 


SIGNED at ROSEBANK on JANUARY 31, 2014 

	 	For and on behalf of 
		NET1 APPLIED TECHNOLOGIES
      SOUTH AFRICA (PROPRIETARY) LIMITED 
	 	  
	 	  
	 	  
	 	/s/
      Serge Belamant 
	 	Signature 
	 	   
	 	Serge
      C.P. Belamant 
	 	Name of Signatory 
	 	   
	 	Director 
	 	Designation of Signatory







SIGNED at ROSEBANK on JANUARY 30, 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 JANUARY 30, 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