Second Addendum dated March 14, 2014, to the Relationship Agreement between Net 1 UEPS Technologies, Inc., Net 1 Applied Technologies South Africa (Proprietary) Limited, Born Free Investments 272 (Pty) Ltd and Mazwi Yako

PARTIES

The Parties to this addendum are –

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

Net 1 Applied Technologies South Africa (Proprietary) Limited

Born Free Investments 272 (Proprietary) Limited;

Mazwi Yako; and

The Parties agree as set out below.

INTERPRETATION

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

"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

"Parties" means the parties to this addendum.

VARIATION OF AGREEMENT

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

SAVINGS CLAUSE

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.

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.

SIGNATURE

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