Lesaka Technologies, Inc.

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. (e) Amendment to Existing Employment Agreement and New South African Employment Agreement for Mr. Mazanderani Lesaka Technologies, Inc. amended and restated employment agreement On December 4, 2023, Mr. Mazanderani and Lesaka Technologies, Inc. (the “Company”) entered into an employment agreement for his services as Executive Chairman, which became effective on February 1, 2024. On July 30, 2026, Mr. Mazanderani and the Company amended and restated his employment agreement to extend the expiration date to June 30, 2029, with all other terms remaining unchanged. The Company and Mr. Mazanderani acknowledged that Mr. Mazanderani’s commitment shall only be for fifty percent (50%) of full-time equivalence, as reasonably determined by the Board and that he is subject to certain restrictive covenants and compliance with Company policies. Mr. Mazanderani receives an annual base salary of $600,000. Mr. Mazanderani will not be eligible for a short-term cash incentive award, or any other bonus program implemented by the Company, during the term of his employment agreement. The employment agreement does not provide for any severance benefits. Either party must provide the other party three months advance notice prior to terminating the employment agreement prior to June 30, 2029 in the absence of cause or a material breach. Lesaka Technologies Proprietary Limited employment agreement On July 30, 2026, Mr. Mazanderani and the Company’s wholly owned subsidiary, Lesaka Technologies Proprietary Limited (“Lesaka SA”), entered into an employment agreement (“SA Employment Contract”) under which Mr. Mazanderani will accept certain duties, responsibilities, functions and authority in respect of the business conducted by each of the Company’s Consumer, Merchant and Enterprise divisions. The SA Employment Contract is effective from July 1, 2026, and will terminate on June 30, 2028. Under the terms of the SA Employment Contract, Mr. Mazanderani and the Company may agree in writing to extend the termination date to June 30, 2029. Mr. Mazanderani will receive an annual base salary of ZAR 5,000,000 per annum, and Lesaka SA will be responsible for the costs of travel undertaken by Mr. Mazanderani for business purposes, up to a maximum amount of ZAR 4,000,000 per financial year. The SA Employment Contract includes other customary terms and conditions for arrangements of this nature. Mr. Mazanderani will not be eligible for a short-term cash incentive award or any other bonus program implemented by the Company during the term of the SA Employment Contract. The foregoing description of the agreements with Mr. Mazanderani does not purport to be complete and is qualified in its entirety by reference to the full text of such agreements, which are attached hereto as Exhibits 10.01 - 10.02 and are incorporated by reference herein.