UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_____________________________
FORM T-1
STATEMENT OF ELIGIBILITY
UNDER THE TRUST INDENTURE ACT OF 1939 OF A
CORPORATION DESIGNATED TO ACT AS TRUSTEE
_____________________________
CHECK IF AN APPLICATION TO DETERMINE ELIGIBILITY OF A TRUSTEE PURSUANT TO
SECTION 305(b) (2)
WELLS FARGO BANK, NATIONAL ASSOCIATION
(Exact name of trustee as specified in its charter)
| A National Banking Association | 94-1347393 |
| (Jurisdiction of incorporation or | (I.R.S. Employer |
| organization if not a U.S. national | Identification No.) |
| bank) | |
| 101 North Phillips Avenue | |
| Sioux Falls, South Dakota | 57104 |
| (Address of principal executive offices) | (Zip code) |
| Wells Fargo & Company |
| Law Department, Trust Section |
| MAC N9305-175 |
| Sixth Street and Marquette Avenue, 17thFloor |
| Minneapolis, Minnesota 55479 |
| (612) 667-4608 |
| (Name, address and telephone number of agent for service) |
NET 1 UEPS TECHNOLOGIES, INC.
(Exact name of obligor as specified in its charter)
| Florida | 98-0171860 |
| (State or other jurisdiction of | (I.R.S. Employer |
| incorporation or organization) | Identification No.) |
| President Place, 4thFloor | |
| Cnr. Jan Smuts Avenue and Bolton Road | |
| Rosebank, Johannesburg, South Africa | N/A |
| (Address of principal executive offices) | (Zip code) |
Subordinated Debt Securities
(Title of the indenture securities)
Item 1.General Information.Furnish the following information as to the trustee:
| (a) | Name and address of each examining or supervising authority to which it is subject. | |
Comptroller of the Currency | ||
Federal Deposit Insurance Corporation | ||
Federal Reserve Bank of San Francisco | ||
| (b) | Whether it is authorized to exercise corporate trust powers. | |
The trustee is authorized to exercise corporate trust powers. |
Item 2.Affiliations with Obligor.If the obligor is an affiliate of the trustee, describe each such affiliation.
None with respect to the trustee.
No responses are included for Items 3-14 of this Form T-1 because the obligor is not in default as provided under Item 13.
Item 15.Foreign Trustee. Not applicable.
Item 16.List of Exhibits. List below all exhibits filed as a part of this Statement of Eligibility.
| Exhibit 1. | A copy of the Articles of Association of the trustee now in effect.* | |
| Exhibit 2. | A copy of the Comptroller of the Currency Certificate of Corporate Existence for Wells Fargo Bank, National Association, dated January 14, 2015.* | |
| Exhibit 3. | A copy of the Comptroller of the Currency Certification of Fiduciary Powers for Wells Fargo Bank, National Association, dated January 6, 2014.* | |
| Exhibit 4. | Copy of By-laws of the trustee as now in effect.* | |
| Exhibit 5. | Not applicable. | |
| Exhibit 6. | The consent of the trustee required by Section 321(b) of the Act. | |
| Exhibit 7. | A copy of the latest report of condition of the trustee published pursuant to law or the requirements of its supervising or examining authority. | |
| Exhibit 8. | Not applicable. | |
| Exhibit 9. | Not applicable. |
* Incorporated by reference to the exhibit of the same number to the trustee’s Form T-1 filed as exhibit to the Filing 305B2 dated March 13, 2015 of file number 333-190926.
SIGNATURE
Pursuant to the requirements of the Trust Indenture Act of 1939, as amended, the trustee, Wells Fargo Bank, National Association, a national banking association organized and existing under the laws of the United States of America, has duly caused this statement of eligibility to be signed on its behalf by the undersigned, thereunto duly authorized, all in the City of New York and State of New York on the 3rd day of December, 2018.
| WELLS FARGO BANK, NATIONAL ASSOCIATION | |
| /s/ Tina D. Gonzalez | |
| Tina D. Gonzalez | |
| Vice President |
EXHIBIT 6
December 3, 2018
Securities and Exchange Commission
Washington, D.C. 20549
Gentlemen:
In accordance with Section 321(b) of the Trust Indenture Act of 1939, as amended, the undersigned hereby consents that reports of examination of the undersigned made by Federal, State, Territorial, or District authorities authorized to make such examination may be furnished by such authorities to the Securities and Exchange Commission upon its request therefor.
| Very truly yours, | |
| WELLS FARGO BANK, NATIONAL ASSOCIATION | |
| /s/ Tina D. Gonzalez | |
| Tina D. Gonzalez | |
| Vice President |
